Project Management Salary Survey 10th Edition | PMI

Earning Power: Project Management Salary Survey 10th Edition Project Management Institute Newtown Square, Pennsylvania, USA

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Earning Power: Project Management Salary Survey, 10th Edition 1

Earning Power: Project Management Salary Survey 10th Edition

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Project Management Institute, Inc. 14 Campus Boulevard Newtown Square, Pennsylvania 19073-3299 USA. Phone: +610-356-4600 Fax: +610-356-4647 Email: [email protected] Internet: PMI.org

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Table of Contents Introduction ...................................................................................................................................................3 About this Report .........................................................................................................................................4 Summary of Findings..................................................................................................................................7 Australia Detailed Findings – All Respondents .................................................................................14 Belgium Detailed Findings – All Respondents ..................................................................................21 Brazil Detailed Findings – All Respondents .......................................................................................28 Canada Detailed Findings – All Respondents....................................................................................35 Chile Detailed Findings – All Respondents ........................................................................................42 China Detailed Findings – All Respondents .......................................................................................49 Columbia Detailed Findings – All Respondents ................................................................................56 Costa Rica Detailed Findings – All Respondents .............................................................................63 Ecuador Detailed Findings – All Respondents ..................................................................................70 France Detailed Findings – All Respondents .....................................................................................84 Germany Detailed Findings – All Respondents.................................................................................91 Hong Kong Detailed Findings – All Respondents ............................................................................98 India Detailed Findings – All Respondents .......................................................................................105 Ireland Detailed Findings – All Respondents ...................................................................................112 Italy Detailed Findings – All Respondents ........................................................................................119 Japan Detailed Findings – All Respondents ....................................................................................126 Malaysia Detailed Findings – All Respondents ...............................................................................133 Mexico Detailed Findings – All Respondents ..................................................................................140 Netherlands Detailed Findings – All Respondents .........................................................................147 New Zealand Detailed Findings – All Respondents........................................................................154 Nigeria Detailed Findings – All Respondents ..................................................................................161 Peru Detailed Findings – All Respondents .......................................................................................168 Poland Detailed Findings – All Respondents...................................................................................175 Qatar Detailed Findings – All Respondents......................................................................................182 Saudi Arabia Detailed Findings – All Respondents........................................................................189 Singapore Detailed Findings – All Respondents ............................................................................196 South Africa Detailed Findings – All Respondents ........................................................................203 South Korea Detailed Findings – All Respondents ........................................................................210 Spain Detailed Findings – All Respondents .....................................................................................217 Sweden Detailed Findings – All Respondents .................................................................................224 Switzerland Detailed Findings – All Respondents ..........................................................................231 Taiwan Detailed Findings – All Respondents ..................................................................................238 Turkey Detailed Findings – All Respondents ...................................................................................245 United Arab Emirates Detailed Findings – All Respondents .......................................................252 United Kingdom Detailed Findings – All Respondents .................................................................259 United States Detailed Findings – All Respondents ......................................................................266 Appendix A—Demographic Comparisons by Country ..................................................................273 Appendix B—Survey Instrument .........................................................................................................305 Earning Power: Project Management Salary Survey, 10th Edition 1

Appendix C—Sampling Methodology ................................................................................................316 Appendix D—Exchange Rates .............................................................................................................318


Introduction Projects change the world, and project management professionals are the change agents. This is one profession where life is never dull…and where demand for skilled practitioners is high. Projects are proliferating globally and it’s projected that, over the next decade, organizations of all sizes and types will need nearly 88 million people working in project management roles.* PMI’s biennial report, Earning Power: Project Management Salary Survey, 10th edition, is an industryleading source of data for both project management practitioners and organizations who want to stay current with the salary landscape for today’s project professional. Our latest edition provides comprehensive insights from 33,000 respondents in 37 countries, with salary data reported in local currency in the individual country reports. New in this edition is salary information from three countries not previously covered—Chile, Costa Rica, and Ecuador. Greater awareness of how skill level, experience, and certifications impact salary can give practitioners considerable earning power in a dynamic job market. And this critical data can help recruiters, human resources, and compensation professionals establish fair and equitable salaries for project management roles within their organizations. Report highlights include:  Survey respondents holding the Project Management Professional (PMP)® certification (82%) report higher median salaries than those without a PMP certification―23% higher on average across the 37 countries surveyed.  Most respondents (70%) report that their total compensation (including salary, bonus, and other forms of compensation) increased over the 12 months prior to completing the salary survey. About one-quarter (26%) reported increases of at least 5% over that time period.

*Project Management Job Growth and Talent Gap Report 2017–2027. PMI. 2017.


About this Report The 10th edition of the PMI Earning Power: Project Management Salary Survey builds on features added from the ninth edition. The PMI Market Research Department continues to evolve this valuable offering to best serve the global project management community. The 10th edition report is based on self-reported salary information from more than 33,000 professionals in project management, bringing accuracy to the salary figures. The stratified random sampling methodology used for this study results in the ability to report meaningful compensation data for 37 countries. Comparison of Number of Respondents Australia Belgium Brazil Canada Chile China Colombia Costa Rica Ecuador Egypt France Germany Hong Kong India Ireland Italy Japan Malaysia Mexico Netherlands New Zealand Nigeria Peru Poland Qatar Saudi Arabia Singapore South Africa South Korea Spain Sweden Switzerland Taiwan Turkey United Arab Emirates United Kingdom United States

Sixth edition

Seventh edition

Eighth edition

Ninth edition

10th edition

772 0 894 3,567 0 1,909 0 0 0 0 339 828 154 1,553 0 508 1,154 0 293 0 282 0 0 0 0 258 380 0 472 0 0 0 309 0 412 824 19,916

734 275 901 3,023 0 1,528 369 0 0 0 456 742 259 1,689 386 678 652 370 369 303 442 203 244 0 0 307 624 0 221 424 397 304 230 0 474 647 13,572

947 300 985 3,786 0 1,801 438 0 0 270 483 745 289 2,036 450 774 647 414 569 342 690 273 320 426 212 341 774 645 213 843 494 449 269 0 373 847 13,877

716 215 596 2,546 0 677 289 0 0 166 454 559 254 1,197 438 666 398 389 513 331 505 212 272 293 346 370 549 544 177 734 399 375 179 333 417 561 9,677

955 314 878 2,932 208 758 464 191 186 178 721 992 231 1,480 557 1,071 699 440 568 404 491 239 328 457 316 414 665 658 267 1,238 480 549 241 355 523 759 10,937


The report includes eight major position descriptions/levels in reporting the data. PMI worked with a thirdparty research firm, as well as with a volunteer group of PMI members, to make these descriptions as meaningful and “real-world” as possible. The use of these position descriptions to cross-tabulate the data throughout this report makes such information useful to everyone—from entry-level project managers to senior executives in project management. In addition, the analysis of 15 demographic variables relating to compensation makes this report a must-have for project management employees and employers alike, not to mention compensation committees, human resource departments, and executive recruiters interested in the project management profession. Within each country, annualized salary information is shown across each of the following variables. Salary Data Point Variables Position Description

Gender

Years of Work Experience

Department/Function

Years Worked in Key Techniques

Industry

Years Worked in Project Management

Type of Project

Highest Formal Education Level Obtained

Number of Employees in Entire Organization

Degree in Project Management

Average Project Team Size

PMP® Status

Typical Project Budget

Training Per Year The report also includes reported salary increases over the past 12 months and expected salary increases over the next 12 months, as well as information on the presence of career paths for project managers across the globe and employee benefits, such as stock options, pension plans, and vacation days. Lastly, as a benefit, PMI members can access a customized salary query at no charge. This query includes the following salary variable. Variables for Online Query Country Position Industry* Company Size (annual revenues)* State and Metropolitan Area (U.S. salary queries only Province (Canadian salary queries only) PMP® status Option to exclude “Self-employed” respondents (because self-employed data can skew results) *Available for Australia, Brazil, Canada, China, Colombia, Germany, France, India, Italy, Ireland, Japan, Malaysia, Mexico, New Zealand, Poland, Singapore, South Africa, Spain, Sweden, Switzerland, United Arab Emirates, United Kingdom, and United States salary queries only. Earning Power: Project Management Salary Survey, 10th Edition 5

Report Format Immediately following this section of the report is the Summary of Findings section, which includes a synopsis of the key findings from this year’s survey. After the Summary of Findings, you will find the Detailed Findings from the survey. This part of the report is organized by country. All compensation information in the Detailed Findings section is shown in the local currency of each country. Finally, the following appendices are located near the end of the document: Appendix A—Demographic Comparisons by Country Appendix B—Survey Instrument Appendix C—Sampling Methodology Appendix D—Exchange Rates

Data Considerations The validity of data in the report, as in all survey research, is impacted by sample sizes. In some cases, the level of analysis in this report results in a small sample size. Small sample sizes provide less reliable summary statistics, such as means and medians, whereas larger sample sizes result in more reliable data. Therefore, salary data are presented in the report only if at least ten individuals provided information for a given response choice. That means that no information (denoted by “--” in the tables) is shown in this report unless there are at least ten respondents for a given education level, industry affiliation, company size, and so forth. Although the number ten is an arbitrary number, PMI has used this threshold in previous salary survey reports. Furthermore, requiring such a minimum does ensure respondent anonymity and provides a greater level of reliability in the data. Sample sizes are reported in all tables by using the symbol “n”. Percentages less than 0.5% are noted by the symbol “*”. Reporting of Compensation Data Although this survey did include questions about alternative compensation methods (such as bonuses), those earnings are not included in the “salary” figures. Instead, earnings from other methods are included in the “total compensation” figures. Furthermore, only those respondents who reported that they are employed “full-time” are included in the salary data. Salary data are presented for the 25th percentile, 50th percentile (median), 75th percentile, and mean. A description of each follows: 25th percentile

The value above which 75% of respondents earned more. For example, if the 25th percentile for annualized salary was US$60,000, then 75% of survey respondents earned more than US$60,000.

50th percentile

Also known as the median. The value at which half of all respondents earned more and half earned less. For example, if the 50th percentile for annualized salary was US$80,000, then 50% of survey respondents earned more than US$80,000 and 50% earned less than US$80,000.

75th percentile

The value above which 25% of respondents earned more. For example, if the 75th percentile for annualized salary was US$100,000, then 25% of survey respondents earned more than US$100,000.

Mean

Also known as the arithmetic average. The mean is more susceptible to outliers (unusually large or small numbers) in the data than the median. Earning Power: Project Management Salary Survey, 10th Edition 6

Summary of Findings General Overview More than two-thirds of survey participants (70%) report that their total compensation (including salary, bonus, and other forms of compensation) increased over the 12 months prior to completing the salary survey. About one-quarter (26%) reported increases of at least 5% over that time period. PMI’s globally-recognized Project Management Professional (PMP)® certification provides a significant advantage when it comes to salary and earning potential in virtually all countries included in this study. Among survey respondents, those holding the PMP certification report higher median salaries (23% higher on average across the 37 countries surveyed) than those without a PMP certification. Median salary varied greatly depending on a number of key demographic factors, the greatest of which are the following:    

Country of employment Number of years of experience in project management Position/role Average size of projects managed, including average project budget and average project team size

A more detailed analysis of these factors follows.


Country of Employment As seen in the table below, median salary (when converted to U.S. dollars using normal exchange rates) varies considerably among professional in project management from country to country. The countries where project management professionals report the highest median salaries are Switzerland (US$130,996), the United States (US$112,000), and Australia (US$108,593), whereas the country with the lowest median salary is Egypt (US$10,159). Annualized Salary (in U.S. Dollars) by Country Country Switzerland United States Australia Germany Netherlands United Arab Emirates New Zealand Qatar United Kingdom Belgium Ireland Hong Kong Sweden Canada South Africa Singapore Saudi Arabia Japan France South Korea Italy Chile Spain Brazil Poland Costa Rica Peru Ecuador Mexico Turkey Colombia Taiwan Malaysia China India Nigeria Egypt

n=

Median salary exchange rate

549 10,937 955 992 404 523 491 316 759 314 557 231 480 2,932 658 665 414 699 721 267 1,071 208 1,238 878 457 191 328 186 568 355 464 241 440 758 1,480 239 178

$130,966 $112,000 $108,593 $88,449 $86,292 $84,930 $84,480 $82,314 $81,227 $78,035 $75,506 $74,160 $73,769 $73,495 $71,802 $67,875 $63,979 $62,930 $62,562 $62,300 $53,933 $51,340 $48,539 $45,114 $40,117 $38,640 $36,244 $35,000 $34,904 $33,130 $30,600 $30,298 $30,015 $29,040 $25,959 $21,498 $10,159


Number of Years of Experience in Project Management Not surprisingly, median salaries among professionals in project management increase along with their tenure in the profession. Annualized Salary (in USD) by Years of Experience in Project Management