APM (Association for Project Management) Salary Survey & Trends

Project Management is a lucrative job with many benefits and career growth. The APM Salary Survey is useful for Project Managers and organisations looking to understand the latest salary trends. These trends help organisations attract more talent and help Project Managers negotiate better salary packages.   

According to APM Salary and Market Trends Survey 2023, 65% of Project Management professionals experienced increased pay and benefits, while 81% say they are satisfied with their role. In this blog, you will learn the latest APM Salary Survey and Trends and how it can help Project Managers and organisations make better decisions. Continue reading to find out more!   

Table of Contents   

1) An Introduction to APM Salary Survey    

2) Analysing the Salary Trends of APM Professionals  

3) What are the factors affecting Agile Project Management salaries?   

4) Conclusion   

An Introduction to APM Salary Survey     

The Association for Project Management (APM) conducts an annual compensation study to offer useful insights about Project Management salary trends. Project Management wages and employment circumstances, such as job security, future career opportunities, and job satisfaction, are the subject of the survey.   

Project Management experts from various industries, including IT, finance, construction, and healthcare, are surveyed utilising an online questionnaire. Participants in the survey are prompted to share details about their positions, years of experience, credentials, and salary. The final results are then published every year for public review.   

Key insights  

The APM Salary Survey done in 2023 revealed many key insights and data. According to the report, Project Managers have attractive career options, with an average annual pay of 47,500 GBP.    

Another important conclusion from the survey revealed that Project Management professionals tend to make more money when they have certain qualifications, such as APM PMQ and PRINCE2. According to the report, project managers with more than 20 years of experience often receive the highest wages, with an average yearly salary of 70,000 GBP.   

Overall, Project Management professionals can use the APM Salary Survey as a valuable tool to compare their compensation and working conditions to industry norms. The survey results can also assist organisations in comparing their benefits and pay scales to those of their counterparts to recruit and have the best Project Management professionals.



 

Analysing the Salary Trends of APM Professionals  

The rising importance of Project Management in organisations is reflected in the steady rise in Project Management pay throughout time. Project Management salary trends are monitored and analysed by APM through periodic surveys.  

What does the trend indicate?

Salaries for Project Managers have had a definite upward trend in history. The average salary for a Project Management professional is 47500 GBP and has remained stable for the last five years. This stability gives a lot of hope even when there are recent shake-ups in the jobs market.   

About 65 per cent of project professionals experienced a pay increase last year. Additionally, many companies provide alluring perk packages, such as incentives, pension plans, and flexible working hours. This level of stability and steady pay rise left many feeling that the profession is back to pre-pandemic levels. However, the average salary for consultants, self-employed and freelancers saw a marginal decrease ranging from 72,500 GBP in 2021 to 62,500 GBP in 2023.   

Project Management wages are typically higher than average when measured against earnings in other industries. Project Management earnings are higher than the median for all UK occupations, according to the same APM survey. This illustrates how crucial Project Management expertise and knowledge are to achieving successful business objectives.   

Overall, positive salary trends for Project Managers reflect the field's expanding significance inside businesses. Compared to pay in other industries, Project Management salaries are higher than average, demonstrating the importance of Project Management.   

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What are the factors affecting Agile Project Management salaries?

Many factors affect Agile Project Management salaries, like qualification, experience and the sector they work in. When you understand these factors, you can make well-informed decisions and plan your career path accordingly.   

Experience  

When it comes to salaries in Project Management, experience plays a crucial role. A person's salary tends to increase more as they gain more experience and manage more complex projects. Employers also focus on project delivery and may offer attractive salaries to professionals with a proven track record of successful project deliveries.   

Certifications and other qualifications  

Additional training on Project Management, like APM certification, also plays a key factor. Professionals with certifications such as the APM Project Management Qualification (PMQ) and APM Project Fundamentals Qualification (PFQ) may have higher earning potential than those without these qualifications. Employers may find these certifications as proof of a person’s knowledge and expertise in the field; hence they may offer higher salaries to them.   

Industry sector  

Salaries often vary based on the sector you work in. Some sectors, like the oil and gas industry, tend to pay a higher salary than others. The same can be said for the Information Technology (IT) sector as well. A Project Manager in the IT sector may draw higher salaries and compensation than those in the service sector.    

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Conclusion       

We hope you understood everything about the APM Salary Survey and trends in this blog and how it can help Project Managers. Apart from this, you would have also learned how Project Managers and job seekers use this as a resource for negotiating better salaries and moulding their career paths. As of now, the future of Project Management remains stable and optimistic.  

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