Junior project managers are in charge of organizing, planning, and leading the company's ongoing initiatives. They serve as team leaders in the program management division and keep an eye on company projects to ensure they progress according to schedule. Jr project managers need to be able to use essential office software and type and run various company reports. Computer literacy is crucial for the job role of junior project manager.
The duties of Jr project managers include overseeing the training, planning, and hiring of their project development team. Given that junior technical project managers' daily tasks may require them to stand or sit for extended periods, flexibility is a desired quality in this role. Maintaining a good attitude is crucial since this junior leadership job requires collaborating with others and working in a team atmosphere. Being capable of lifting and moving boxes and other small- to medium-sized products occasionally may require the ability to lift between 25 and 50 pounds.
A Bachelor's degree in a related discipline and appropriate work experience are typically prerequisites for the junior technical project manager role. The role for which the organization is employing will determine a great deal of the additional requirements, including licenses, additional education, and relevant abilities. You can earn the Project Management certification to enhance your skills and fill this in-demand role in reputed organizations.
An Overview of Junior Project Manager Salary in 2023
A number of sectors employ junior IT project managers who have been effectively beneficial to many organizations. When MNCs bring their projects to different countries, they do so with the confidence that the country has the necessary skills and can manage them successfully. Consequently, numerous companies are already establishing warehouses, production facilities, and contact centers in the nation. Project managers are becoming more necessary, and this is likely one of the most obvious reasons.
However, what is the average salary for a position that is so in demand? According to Glassdoor, a top job search engine, the average Junior IT Project Manager's income is approximately $ 61,800 annually.
1. Junior Project Manager Salary: Based on Experience
If you have more experience, your compensation will be higher. As a result, if you're new to the industry, you need to manage your expectations appropriately. So, the following table illustrates how a project manager's salary fluctuates according to your level of experience:
When starting their career, a project manager can expect to earn an average income of $77,270.
In their early years of employment, project managers can expect to earn an average income of $91,124.
A project manager just beginning their career can earn an average income of $160,000.
Experience is essential in the field of project management, as it is in any field. An expected salary for project managers with 1-4 years of work experience is around $77,270. A project manager with 10 to 20 years of experience can expect to get an annual salary of $160,000.
2. Junior Project Manager Salary: Based on Location
India
The average annual income for junior PM in India is 5.7 lakhs, with salaries ranging from 2.0 lakhs to 17.7 lakhs. These salaries are based on the 222 salaries Junior PM provided as input for salary projections.
- Bangalore: INR 20,00,000 per year
- Chennai: INR 15,00,000 per year
New Delhi: INR 14,00,000 per year
Junior project managers in the US earn salaries ranging from $46,550 to $130,000, with a median pay of $57,678. While the top 67% of junior PMs make $130,000, the middle 67% earn between $57,678 and $60,320.
- New York, NY. $89,900 per year
- Washington, DC. $88,675 per year
- Los Angeles, CA. $85,240 per year
UK
In the United Kingdom, a junior PMO's salary is £30,001 per year or £15.39 per hour. Most experienced workers earn up to £44,997 per year, while entry-level roles start at £25,500.
- London. £51,369 per year
- Edinburgh. £46,163 per year
- Derby. £45,633 per year
Australia
Australian junior PMO salary ranges from $108,688 per year or $55.74 per hour. Most experienced workers earn up to $177,938 per year, while entry-level roles start at $92,750.
- Brisbane QLD. $140,756 per year
- Sydney NSW. $140,357 per year
- Perth WA. $140,036 per year
Canada
In Canada, a junior Agile project manager earns between $63,068 per year or $32.34 per hour. Most senior managers and workers make up to $89,456 annually, while entry-level occupations start at $50,000 annually.
- Burnaby, BC.: $95,256 per year
- Toronto, ON.: $87,919 per year
- Vancouver: $84,810 per year
Singapore
Entry-level salaries in Singapore begin at $60,000 annually, and the highest-paid individuals can earn up to $96,405 annually.
The junior Agile project manager salaries can vary for different locations. Individuals in the same position can earn different salaries based on their location. The salaries in different countries are based on living standards, currency values, and other defining factors.
- Raffles: $8,101 per month
- Outram: $6,512 per month
- Clementi: $6,320 per month
Factors Affecting Junior Project Manager Salary
The main factors that affect project manager pay are as follows:
1. Location
A Junior project manager's salary is significantly affected by their location. Employment in a city known for its information technology infrastructure will give a higher salary than one in a small town.
2. Sector and Company
In the majority of job descriptions, it is stated that your employer's business determines your salary. The end pay of a project manager is more heavily influenced by the sector in which they choose to work. Additionally, the higher the pay, the more well-known the company or brand is.
- Apple: $184,167
- Google: $158,125
- Deloitte: $126,930
- Boston Consulting Group: $126,469
- American Express: $125,000
- Cisco Systems: $124,500
- DPR Construction: $121,341
- McCarthy Building: $112,073
- Microsoft: $110,674
- Turner Construction: $109,450
3. Experience
Project management experience includes time spent organizing, supervising, leading, and managing projects. As an illustration, some typical duties of a project manager include:
- Planning: Project managers draw up a road map that will direct the project from conception to completion, outlining its objectives, required materials, estimated timetable, communication plan, and other factors.
- Leading: Project managers are outstanding communicators and people handlers who guide the project team through the process.
- Execution: A project manager is likely to take part in the practical actions necessary to advance the project.
- Time management: Project managers keep everyone on schedule, and when problems do occur, they are in charge of finding solutions and successfully communicating with the team and other stakeholders.
As a project manager acquires experience, their skills get refined, and thus attract bigger pay cheques.
4. Demand and Supply
The overall market conditions can affect the demand for Managers. For example, during an economic downturn, companies may be less likely to hire a new Manager and possibly increase the salary of the junior project manager. In contrast, when the demand is high, companies need more Project Managers for their expertise and are willing to offer a high salary. An increase in startups also leads to higher demand for junior project managers.
5. Credentials
Furthermore, certifications increase your marketability. Companies frequently include credentials like the PMP or Prince2 Foundation in their job requirements when seeking project managers. Those certifications can assist you in landing a job. The PMP training certification will make you more valuable to organizations and help you earn higher salaries.
6. Skills
Junior project managers are multi-taskers with an attention to detail. They are excellent communicators who can quickly adjust to new situations. Employers are seeking applicants that possess the following talents in addition to these qualities.
Employers seek Junior Project Managers with these essential competencies, according to the job postings we looked at. If you wish to become a junior project manager, pay attention to the following.
- An undergraduate degree in a relevant subject
- Knowing project management
- Understanding project management techniques
- Demonstrating competence in Microsoft Office
- Knowledge of the industry
Advanced Skills: Although the majority of employers did not demand the following abilities, several job advertisements listed them as preferable. Increase your career possibilities by including these in your junior project manager toolkit.
- Experiences working with particular project management approaches, such as Scrum and Agile
- Project Management Professional Certification
- Competence with SAP
How To Improve Junior Project Manager Salary?
Increasing your efficiency is a further piece of advice that applies to all IT professionals, not just project managers. Your life will be easier if you can complete tasks more quickly, simply, and effectively. Additionally, it implies that you can accept more responsibility and labor, which would enable you to get a larger wage. See whether you can reduce the amount of time you spend tracking project information, for instance, from 4 hours per week to 2 or even 1 hour. Is it possible to automate some stages or skip them altogether? Can you use any shortcuts to achieve the same outcome?
You can do more if you shorten the time it takes you to complete tasks. As a project manager, you might start by raising your pay by stating that you are an effective worker.
Monitoring the project is one of the project manager's responsibilities. Microsoft Project is frequently used for this. The more proficient you use Microsoft Projects, the more efficiently you may complete tasks and porn more money.
Microsoft Office is the same way. Excel is used a lot for tracking project spending and forecasts, PowerPoint is used for making presentations, and Word is used for reading documents.
You can perform your job more effectively and make more money if you get more advanced skills in using these technologies.
Obtaining certification is one of the finest ways junior project managers can increase their pay. Although certification doesn't increase your payment immediately, it does provide many advantages. Given that you have to prepare for and pass the test, it shows a certain amount of understanding. They frequently want at least some prior PM experience. Additionally, it shows your dedication to the field because you wouldn't bother acquiring a certification if you weren't interested in the work. PMI Project Management Professional (PMP), Google Project Management Certificate, Certified Associate in Project Management (CAPM), and Associate in Project Management (APM) are some of the most in-demand project manager certificates. Your salary range goes up as your certifications increase.
acquire a degree and experience. Although junior project managers are not required to have a degree, many organizations prefer to hire applicants who do. You could earn a bachelor's degree in organizational management, project management, or a discipline that is relevant to your industry, like engineering, marketing, information technology, or finance. Before being promoted, the majority of junior project managers serve on project teams or as project assistants.
Higher levels of education can frequently result in higher income, as is the case in most industries. The majority of respondents in the US to the PMI Salary Survey (92%) had at least a bachelor's degree. According to reports, incomes rise when degrees are earned.
- $110,250 for a four-year degree
- $200,00 for Master's
- $123,000 for a doctorate
A higher degree could increase your earning potential as well as your competitiveness in the job market. You can develop the leadership abilities that employers value and pave the way for a future transition into executive management by obtaining a business-related degree, such as a Master of Business Administration.
Although your compensation will increase as you gain more experience, it can also benefit you occasionally to gain more knowledge in other areas.
A data warehouse project, a back-end service project, or something else may be a smart idea if you've been working on web-based projects for a long time. You can learn how to work in various environments and identify potential problems as a result.
As a result of your knowledge being expanded, you may be better able to identify other teams' and other systems' early warning indicators.
Top Cities where KnowledgeHut Conduct Project Management Certification Training Course Online
Why Are Junior Project Managers Paid So Much?
Project Management Salary Poll—Twelfth Edition (2021), the Project Management Institute (PMI) conducted a survey of 7,575 project managers in the United States. According to the report, the median yearly wage was $115,000. According to the US Bureau of Labor Statistics, the median compensation for project management professionals in 2022 was $77,420, with the least ten percent making $42,180 on average and the highest ten percent making $135,220.
It makes sense to be drawn in by the substantial salary that a project manager can want. However, in order to be successful, you must have a strong drive to see a project through from beginning to end.
Here are some reasons:
- It is projected that demand for project managers will remain high. It implies that a capable project manager would be able to select and choose the projects that are best for them.
- You'll have the chance to work in a field that interests you because project managers are needed in so many different fields. Among the industries you might research are those related to infrastructure, healthcare, IT, manufacturing, telecommunications, oil and gas, and so on.
- The learning curve makes it possible to advance professionally. You'll be exposed to many points of view from folks with various sensitivity levels and cultural backgrounds. Additionally, it will promote personal growth.
- Your skills in risk assessment and management get better. These skills are necessary for positions of leadership. Most CEOs are accomplished project managers with years of experience. You must maintain your abilities if you want to develop in your product management job and earn the highest prospective project manager compensation.
Achieve project management certification affordably! Our exam preparation program equips you with essential skills for success in the certification process.
Conclusion
Project management is still in high demand in an industry that has been around for a while. It would take some smart minds to handle and manage all of the new ideas that any company develops on a regular basis. We believe you are up to the challenge of successfully turning a vision into reality because you are a project manager.
The above-mentioned wage ranges are an estimate and are subject to change. The real factors that determine your pay are the skills you possess, the level of expertise you have attained in them, and how quickly you advance and aid in the company's growth.
Over the past few years, there has been a steady increase in demand for project management courses. Businesses require competent project managers to segment projects into tasks based on milestones and deadlines, assisting businesses in achieving their goals and adding value.
KnowledgeHut offers you a thorough, practical approach to becoming a top project manager. We offer everything, including PRINCE2 Courses and PMP certifications. Our project management certifications are built on hands-on workshops, mentorship, and on-demand course material to give you a competitive edge and start your project management career off right.
Frequently Asked Questions (FAQs)
1. How much does a junior project manager earn in the US?
Answer: Junior Project Managers' salary in the US: $64,576
2. How do you become a junior project manager?
Answer: To work as a junior project manager, you'll need a bachelor's degree and some business experience. Because this job has a prominent role in almost various sectors and businesses, requirements also vary. You must be able to work under pressure while also motivating others and have a positive approach to solving problems.
3. What are the skills of a junior project manager?
Answer: Planning and Organizing various business activities is the main responsibility of Project managers. Good communication, documentation, coordination with the team, and handling risk are the skills that are also key to success in this job.
4. What is an IT project manager's job description?
Answer: A strong job description starts with an attention-getting explanation of the position and its importance in your organization. Your job description should give a general overview of the organization and your job expectations. Outline the types of activities and duties required for the work so that job seekers can assess whether or not they are qualified for the position.
