Project Management and IT Salaries

A review of recent data is broadly positive with respect to project management and IT jobs. Salaries are generally stable or increasing with stronger growth apparent for specific hot spots.

Our round-up includes views and data from a leading recruitment company, an IT jobs site and the Association for Project Management.

Recruitment company Hays points to strength in the IT jobs sector:

“Demand for IT professionals grows increasingly acute as more organisations release money for projects they postponed during the economic downturn. This is further compounded by the adoption of cloud technology, SAAS, Big Data, analytics, ERP and increased use of mobile and tablet devices driving demand.”

“Many organisations are looking for project managers with a successful track record to ensure that projects are run effectively on time and on budget. Technical knowledge is not enough on its own to succeed. Good communication skills and business acumen continue to be essential, as professionals have to be able to clearly explain to directors and board members how investment in IT can give their organisation a competitive advantage.”

Lee Chant, Managing Director of Hays Information Technology

  • There is an increase in demand for IT leaders who can deliver outcomes and explain to the board the benefits that investing in IT can bring
  • The outlook for project management within IT is looking healthy as funds become available to drive more complex technology projects. Salaries are increasing for specialist contractors in industry-specific niches, whilst some organisations are looking to bolster their permanent talent pool by setting up project management offices
  • With the UK government taking cyber crime more seriously, and a greater public awareness of information security issues, information security professionals are in strong demand
  • The telecoms industry continues to grow rapidly as a range of technologies become more widely adopted in the UK. Employers in the financial, ISP and service provider industries are recruiting both permanent staff and contractors
  • Testers are now expected to have aspects of a developer’s skill-set, as opposed to being a developer knowing how to test, which was the case in the past. Manual testing is taking a back seat, with testers being expected to work alongside developers to build test automation frameworks and unit tests

ITJobsWatch tracks job postings and publishes extensive salary data. For IT Project Management Jobs there is not evidence of an across the board growth in salaries but stronger and weaker areas can be identified. Other categories such as security and testing show more consistent salary increases reflecting their critical role to many organisations.

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Membership of the Association for Project Management (APM) spans many of of the more traditional project sectors, as well as IT. They have recently published a salary and trends survey based on responses from 2,700 PMs.

A third (36%) of respondents expect to receive an increase in their pay and benefits over the next 12 months, but 48% of respondents anticipated no change in their situation.

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There was considerable variation in salary according to gender, location and industry sector. Mr Average lives in the south-east, has 15 years experience and earns £40-£50k.

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Nearly 80% of respondents had attained at least an undergraduate degree, with 41% having a Master’s or postgraduate level certificate. There was strong evidence that a professional qualification such as APMP brings significant salary benefit.

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