Project Manager, Engineering Salary
Compared to the national salary average for Engineering Project Managers, those in the same line of work who choose to work for Chevron Corporation enjoy much larger paychecks — $171K on average versus $88K annually. Soaring salaries can also be found at Schlumberger, Apple Computer, Inc, and Lockheed Martin Corp, where earnings of $134K, $127K, or $123K are standard for Engineering Project Managers. This overview is based on answers to PayScale's salary questionnaire.
Job Description for Project Manager, Engineering
Project managers in engineering are responsible for leading and directing specialized engineers in specific projects. Strong communication skills and the ability to think quickly to resolve problems in real time are essential in this position, and organizational skills and close attention to detail are also important.Read More...
The duties of an engineering project manager include ensuring conformity to safety regulations, preparing cost proposals, and maintaining financial records for projects. They also oversee product development and testing to ensure the safe and efficient completion of projects and interpret and translate customers' requirements for specific products. They must be familiar with all industry practices, procedures, and concepts, and motivational skills are essential to help complete projects in a timely manner. To lead and direct the work of others, these project managers must serve as good role models and rely on their years of experience to face and overcome adversity.
Many engineering project managers have a bachelor's degree in an engineering field, and most have a master's degree or PH.D. and at least seven years of relevant experience. They typically work in an office environment, the size of which may depend on the company, and work with other engineers, supervisors, and office staff during regular business hours.
Project Manager, Engineering Tasks
- Lead a team of engineers and produce detailed product development plans.
- Translate customer requirements into product strategy.
- Ensure conformity with safety regulations and promote a culture of best practices.
- Prepare cost proposals and maintain financial records.
Common Career Paths for Project Manager, Engineering
Engineering Project Managers who transition into a VP of Engineering role may receive large pay increases as the latter position pays an average $157K per year. As Engineering Project Managers progress in their field, many go on to become Engineering Senior Project Managers. In fact, this transition is more common than anything else, and pay for the position is usually $117K per year. Another common career choice for Engineering Project Managers is to move into a Civil Engineer role. Typically, Civil Engineers get paid $60K.
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Popular Skills for Project Manager, Engineering
Engineering Project Managers report using a large range of skills on the job. Most notably, skills in Product Development, Contractor Management, Budget Management, and Technical Analysis are correlated to pay that is above average. Skills that pay less than market rate include autodesk autocad, Computer Aided Design, and Microsoft Word. Most people experienced in Engineering Design also know Budget Management.
Pay by Experience Level for Project Manager, Engineering
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience is an important factor influencing the compensation of Engineering Project Managers. Salaries for the relatively untried average out to around $71K, but survey participants with five to 10 years of experience earn a significantly higher median of $88K. The average pay reported by folks with 10 to 20 years of experience is around $99K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $110K.
Pay Difference by Location
For Engineering Project Managers, Houston provides a pay rate that is 17 percent greater than the national average. Engineering Project Managers can also look forward to large paychecks in cities like Los Angeles (+15 percent), Boston (+9 percent), Denver (+9 percent), and Atlanta (+4 percent). Charlotte is home to the smallest salaries in the field, lagging the national average by 11 percent. Workers in Austin and New York earn salaries that trail the national average for those in this profession (5 percent less and 2 percent less, respectively).
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