The Salary of an IT Project Manager

If there’s one thing about the IT sector you can rely on, it’s a salary that rises as you gain more experience. The more successful you are, the more your potential earnings increase.

The reason for that is simple and that’s the fact that nearly every business relies on technology to function efficiently. Business owners know the need for the latest technology to help them meet their objectives, but most don’t have the technical knowledge to know what best suits them.

The Salary of an IT Project Manager

That’s why there’s a market for IT professionals. Wherever there are a wide variety of professionals, there’s a need for a proficient manager to bring a project to successful completion.

That’s what you’ll be doing when you become an IT project manager. You’ll be the key player responsible for bringing the systems that businesses use every day, up to modern standards that help them function efficiently.

The aim of technology is save businesses on overheads. It makes things simpler, and as such, you’re providing an extremely valuable service. Provided that you do the job to the best industry practices. On time, in a cost efficient manner.

The better you can manage the project, work to deadlines, budgets and communicate throughout…the better you’re earnings can be. To ensure the projects are completed on time, companies often offer performance based incentives.

The better you can improve their business with your technological knowhow, the more they’ll be willing to compensate you for your excellent skills in bringing their project to a successful completion.

The earnings and progression pay scale of an IT project manager

When you first start out in this profession, the starting salary averages £23’000 per annum. That salary can be topped up with performance based incentives, although that will be dependent on your employer.

It’s also going to be dependent on the location you work in. For areas such as London, you will find the salaries to be significantly higher. Sometimes adding an extra £9k to your starting salary with a pay of £32’000.

After a few years experience, you can expect to see your earnings increase to above £30’000 per annum. That often goes to £40’000 for an experienced IT project manager.

After around 10 years of experience, you’ll then be considered a senior IT project manager. That attracts a senior level of pay and is way above the IT averages in some cases.

Some experienced senior IT project managers, they can see their earnings exceed the £100’000 mark, taking you into a six figure salary.

To achieve that, you’re going to have to be extremely committed to your career.

The earnings are there for those who advance their career in the field. To do that effectively, and reach the top paying jobs, it’s best to have a career plan developed.

When you first start out in the profession, earning around £23’000, you can start taking further studies to progress your career.

Some employers will have career paths in place to help you. In fact, the IT industry is the most invested industry that’s keen to invest in the skills of their staff.

The more training you do, the more certificates you achieve, so always update your CV with your latest certifications. Especially if you aren’t in full-time employment, or working with a consultancy.

The more qualifications you achieve, the more services you can provide.

That’s what will take you on to the experienced stage of your career. Not just as an experienced IT project manager, but someone with a diverse range of experience. Perhaps knowledgeable on different systems, with specialist certificates on individual programs too.

The more diverse you can build your working background up, the better a portfolio you’ll be building.

That’s what will take you to the senior level of IT project management.

What you can earn going private will be different though

One of the reasons people could turn to IT project management is for self-employment opportunities. This will bring different salary expectations, as you’ll also need to have business skills too.

You’ll be reliant on your IT expertise, but you’ll need to generate your own clients. That’s something that not every IT consultant is able to excel at.

There are plenty of places promising you the training to become a project manager (IT sector) with promises of six figure salaries. The training won’t be any different to the formal employment route though.

If you plan on working as a private contractor, you’d be best to get an education in business. Perhaps a marketing related subject to help you drum up new clientele.

With an IT project management career, you’re going to be exceptional at organisation, so that’s going to be a beneficial factor in your job scheduling. You’ll be able to organise projects by your time. Arrange pricing that you’re comfortable with and schedule your own breaks between assignments.

Before going into the private contracting side though, you should do as much as you can to build your portfolio.

Many of the jobs are going to be office hours, so you can schedule in time for networking. There’s always IT related events happening across the UK, and that’s where you can network with others in your industry.

The more people you work with, the more your name will get around. The better you can brand yourself, the more companies will be willing to pay you for your expert services.

The high paying salaries are out there, but they’re only going to be accessible to the hard-working and career focused individuals, who put the work in to get to the top of their profession.