Why are Companies Actively Seeking Project Managers — and Paying Them Handsomely?

Why are Companies Actively Seeking Project Managers — and Paying Them Handsomely?

 

In 2011, the job search site Seek.com listed the average salary for a project manager at $70,000. Several project management roles listed on the site advertised salaries exceeding $100,000. In the next few years, salaries for project managers are likely to increase further.

Project managers are in high demand by employers, but excellent project managers are extremely difficult to find. A project manager must have several skills including:

  • Scheduling
  • Working with several different departments
  • Handling pressure
  • Working with vendors
  • Budgeting
  • Communication
  • Ability to deal with several different projects
  • Keeping departments from killing each other
  • Nerves of steel!

The number of people with these skills—and related skills—is relatively low.

Companies need project managers because large-scale projects are extremely important to the success of the company. Projects can be extremely complex. Projects can include marketing campaigns, technology changes, HR initiatives, accounting projects, new project launches…almost anything that you can think of. The successful completion of these projects can severely impact the financial health of the company. Thus, companies are actively seeking outstanding project managers.

In most companies, project managers have entered the company as just that—a project manager. Some project managers moved from other disciplines. For example, a company might ‘convert’ an engineer or a marketing manager into a project manager. So for people who feel they might be in dead-end jobs, becoming a project manager can re-launch a career.

To accelerate a career and develop vital skills, it’s extremely important that a project manager gains a qualification like the Diploma in Project Management. This diploma covers project management skills including:

  • Project Integrative Processes
  • Project Scope
  • Project Timing
  • Keeping Projects on Budget
  • Communications
  • Risk Management
  • Project Procurement
  • Vendor management

Because project management is so vital to a company’s success and because project managers must have a full suite of skills, companies are constantly looking for highly skilled project managers—a trend that will continue in the next several years.

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