Technical Project Manager Salary
The average Technical Project Manager in the United States earns approximately $88K annually. Total cash compensation for Technical Project Managers runs from $57K to $134K depending on bonuses that can occasionally exceed $15K and profit sharing that can reach almost $10K. The particular firm is the biggest factor affecting pay for this group, followed by career duration and geographic location. For the most part, Technical Project Managers enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to most, and a strong majority earn dental coverage. More than half of Technical Project Managers (68 percent) survey respondents are men. The data for this snapshot was collected from individuals who took PayScale's salary survey.
Job Description for Technical Project Manager
The principal role of a technical project manager is to develop and maintain a technology project plan, which outlines a project's tasks, milestone dates, status, and allocation of resources to stakeholders and other interested parties. The technical project manager is responsible for clearly defining and quantifying each step, as well as establishing concrete deadlines for each project milestone and deliverable. To this end, they have must have a demonstrated ability to anticipate problems and to find resolutions before that problem can derail a major milestone or deliverable. Since the typical project has a long life cycle, the technical project manager handles all of the complex aspects of the project; these aspects may be subject to constant change to accommodate market and economic conditions that directly affect implementation costs, market viability, and the organization’s potential profit or loss on the project.Read More...
The technical project manager should have at least a bachelor's degree in management information systems (MIS), computer science, or a related engineering field. In addition, they will have one or more certifications from PMI (the Project Management Institute) that demonstrate understanding of the fundamentals of project management, knowledge of the terminology, and processes of effective project management. The technical project manager should have superior communications skills, since they mediate disputes, as well as resolve scheduling and asset utilization conflicts.
Technical Project Manager Tasks
- Plan and coordinate project schedules, goals and milestones and make project assignments.
- Create technical documentation as needed and report on progress of project.
- Adhere to budgets and keep projects on track for successful completion within specification.
Common Career Paths for Technical Project Manager
Technical Project Managers who go on to become Senior Program Managers of Software Applications may see their salaries climb quite a bit. Median pay for Senior Program Managers of Software Applications is $129K annually. An IT Senior Project Manager role is the most common promotion for Technical Project Managers moving up the ladder, and pay for the position tends to be around the $112K mark. Another typical, albeit less common, transition for Technical Project Managers is an Engineering Project Manager position, where earnings are usually $89K.
Technical Project Manager Job Listings
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Popular Employer Salaries for Technical Project Manager
Technical Project Managers flock to AT&T Inc., Sprint Nextel Corporation, Alcatel - Lucent, The Boeing Company, and Amazon.com Inc, highly regarded companies that employ a generous number of people in this profession. Although Amazon.com Inc heads up the field in terms of compensation, offering the highest median salary at $130K, pay at this particular employer still varies considerably, running the full spectrum from $86K to $154K. Technical Project Managers can also look forward to large paychecks at American Express Co. (AMEX) ($128K), Wells Fargo & Co. ($126K), and General Electric Co (GE) ($125K).
Others at the bottom of the scale for this job include Xerox Corporation at $78K, and AT&T Inc. where $81K is the norm, but it is worth noting that some Technical Project Managers there earn up to $132K.
Popular Skills for Technical Project Manager
Technical Project Managers seem to require a rather large skill set. Most notably, skills in Agile, Software Development, Agile Software Development, and Team Leadership are correlated to pay that is above average, with boosts between 9 percent and 12 percent. At the other end of the pay range are skills like Customer Relationship Management, Microsoft Word, and Microsoft Excel. Most people who know Project Management also know Technical Analysis and Customer Relationship Management (CRM).
Pay by Experience Level for Technical Project Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Technical Project Managers, experience does not seem to be a major factor in determining pay. The average worker who claims fewer than five years of experience earns around $75K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $91K. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $101K. More than 20 years of experience mean a somewhat bigger median paycheck of $109K, but it's not much more than what less experienced people make.
Pay Difference by Location
San Francisco offers some of the highest pay in the country for Technical Project Managers, 24 percent above the national average. Technical Project Managers can also look forward to large paychecks in cities like New York (+12 percent), Seattle (+11 percent), Boston (+6 percent), and Phoenix (+4 percent). Portland is the lowest-paying area, 8 percent south of the national average. On the whole, employers pay 5 percent below the median salary for those in this field in Denver and Atlanta.
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Key Stats for Technical Project Manager
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