There are five basic stages in a project that a project manager must handle: Conception, Planning, Execution, Review, and Closing. That means that a career in project management can involve creativity, budgeting, delegation, evaluation skills, and more.
Variety is the Spice of Life
In addition to the variety of skills involved, project managers can also work in a variety industries. Project management professionals are needed in every industry, from architecture and construction, to medical, to technology and telecommunications, and anything in between. This variety is what appeals to some people working in project management field. But, there are plenty of other reasons to consider a career in project management.
Career Prospects for Project Management
While the global economy is sluggish and unstable, project management seems to be a consistently growing industry. According to Project Management Institute, between 2013 and 2020, 15.7 million new project management roles will be created, and the profession is expected to grow by $6.61 trillion.
On an individual level, PMI also created a survey of salaries within the PM field. Worldwide, across all skill-levels and roles, the average project management salary is $81,000. 75% of the participants of the survey earned at least $53,689. In the United States, even the participants with the lowest number of years’ experience (>3 years) earned an average of $74,900! And the salaries go up even more when the participant had at least one project management certification.
Never Stop Learning and Growing
No project will be exactly the same as any other. When you work in project management, there is virtually no limit to what you can learn as you gain experience in the field. This is one reason why salaries for project managers continue to increase based on the level of experience; employers recognize the value of having real-life experience. If you are the sort of person who loves a challenge, project management may be the perfect career for you to grow and learn in.
Where to Go From Here
If a career in project management sounds intriguing to you, now is the time to take action! Whether you are an MBA grad with years of experience, or a young professional with something to prove, earning a PMP® credential is the best way to gain a competitive edge in the job marketplace. The Project Management Institute’s PMP® certification is accepted around the world as the gold standard in project management. Studying for and taking the PMP® exam is your next step to success in the world of project management.
Project Vanguards is dedicated to providing the most up-to-date exam preparation courses for project management professionals. We know that knowledge is power, and so we provide our students the Project Management Body of Knowledge, plus all the other resources you need to prepare for and pass the PMP® exam. Learn more by reading our success stories and testimonials, and when you’re ready, give us a call to get started.