Technical Project Manager Salary
Pay for Technical Project Managers in the United States sits in the ballpark of $88K annually. Including potential for bonuses and profit sharing — peaking near $16K and $10K, respectively — total cash payment to Technical Project Managers can bottom out near $57K or peak near $134K depending on individual performance. This group's pay is mainly influenced by the specific employer, followed by experience level and location. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. Most Technical Project Managers report high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.
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
- Adhere to budgets and keep projects on track for successful completion within specification.
- Create technical documentation as needed and report on progress of project.
- Plan and coordinate project schedules, goals and milestones and make project assignments.
Common Career Paths for Technical Project Manager
Technical Project Managers may experience a large salary bump if they progress into a role such as Senior Program Manager of Software Applications. The latter position pays an average of $128K annually. More often than not, an IT Senior Project Manager role is the next step for Technical Project Managers moving up in the field. IT Senior Project Managers usually make $112K per year. Many other Technical Project Managers choose to take on an Engineering Project Manager role, where salaries are typically $89K.
Technical Project Manager Job Listings
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Popular Employer Salaries for Technical Project Manager
Known for taking on a considerable number of Technical Project Managers, AT&T Inc., Sprint Nextel Corporation, Alcatel - Lucent, The Boeing Company, and HCL America, Inc. are leading firms in the industry. Amazon.com Inc offers the largest salaries in town ($130K on average), but the considerable range in workers' salaries creates a rather varied pay scale that stretches from $86K to $154K. Technical Project Managers will also find cushy salaries at Wells Fargo & Co. (+$126K), General Electric Co (GE) (+$125K), and American Express Co. (AMEX) (+$125K).
Earnings fall especially short at HCL America, Inc., where the median salary of $73K is the lowest in the field, 78 percent less than the top paying company. Workers at Hewlett-Packard Company, Xerox Corporation, and AT&T Inc. also face smaller salaries than the rest of the field — average earnings for these employers come to $76K, $78K, and $84K respectively.
Popular Skills for Technical Project Manager
Survey participants wield an impressively varied skill set on the job. Most notably, skills in Agile, Software Development, Agile Software Development, and Team Leadership are correlated to pay that is above average, with boosts between 10 percent and 13 percent. At the other end of the pay range are skills like Customer Relationship Management, Microsoft Word, and Microsoft Office. For most people, competency in Project Management indicates knowledge of 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 many Technical Project Managers, extensive experience does not lead to significantly more money. Survey participants with less than five years' experience pocket $75K on average, but those with five to 10 years of experience enjoy a much bigger median of $91K. Professionals who spend a good 10 to 20 years in the workforce haul in an average of $101K. Technical Project Managers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $109K on average.
Pay Difference by Location
With a pay rate for Technical Project Managers that is 25 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Technical Project Managers can also look forward to large paychecks in cities like New York (+14 percent), Seattle (+12 percent), Boston (+11 percent), and Washington (+11 percent). Portland is home to the smallest salaries in the field, lagging the national average by 8 percent. Los Angeles and Austin are a couple other places where companies are known to pay below the median — salaries are 6 percent lower and 5 percent lower, respectively.