Career in Project Management
In today’s world, where technology, infrastructure, services are developing and changing at a greater pace, the number of projects are also increasing, including IT, Pharma, Constructions, PSU, and Govt sectors. Also, day by day, the no of project manager posts is being created by various startups and MNCs. Therefore, definitely, the demand for a career in project management also rising with no of projects getting started in a single financial year. According to the statistics, the project management roles will be increasing up to 15.7 million by 2020. Surely a carrier in this will put you in a great position.
Education required for making Career in Project Management
The education required to learn project management is pretty much simple. This is something where you need to manage the whole project; not necessarily you should have the idea about all the aspects of the project but if you have, you will get things better. Although you are a student who just graduated or an experienced professional, you can go for the course. But for this kind of profession, a candidate with proficient experience is considered. The minimum education requires for a project manager is a bachelor’s degree in a specific area or in business management, after which a candidate can be considered as a project manager.
Carrier Path in Project Management
The Project Management profession is trending these days and surely going to increase in the near future; why it is so popular these days! well, most of the senior associates who are interested in this carrier are doing various certifications and courses in order to get a higher position in their respective organizations. Other than that, the management also wants to hire a person or want to give this role to a professional who’s almost worked in different functional areas from the beginning and understood every bit of it so that it will help the project go smoothly.
Therefore if you choose project management as your career, then you should have some prior knowledge in the field of application and once you landed a job in this there is no looking back.
Job Positions or Application Areas
The scope of project management is very vast. As a project manager, you will estimate, oversee, handle the whole project and make sure it is proceeding on schedule. Starting from deciding the scope of the project to complete it as per schedule will be your duty. Different industries have different demands from Project Managers, but it is said that there are some common requirements or responsibilities that every project manager needs to execute.
In many cases, the project manager is acting as a bridge between the higher management and the project. They are in a constant process of monitoring the project and making sure all the transitions go smoothly as per the schedule.
In one of the many cases, the project managers play a key role while putting up all the staff members for the project. Sometimes they try to find the gaps or the weak links from the past project executions and compensate those by doing the necessary, which also helps them optimizing the future project executions.
The different job positions in project management will be like:
- Project manager, general
- Senior project manager, IT
- Project engineer
- Operations manager
- Constructions project manager
- Project manager, IT
Salary (US Data)
Below data shows the avg salary of the respective positions per anum:
|Project Manager, General||$78,081|
|Senior Project Manager, IT||$110,558|
|Constructions Project Manager||$77,865|
|Project Manager, IT||$88,459|
Whether it is the IT industry, construction, Business, Pharmaceuticals whatever the industry, the need for a PMP professional is always there and rising. Looking into the carrier outlook of project management, which is quite good as according to the Bureau of Labor Statistics, projects management occupations will grow at a rate of 6%. So if the statistics proved true, then there will be around 505,000 new project managers in just seven years. In the end, if we look into the bigger picture, it’s a position full of challenges, or should I say, real-time challenges, sometimes it even questions your theoretical knowledge. Well, in this carrier, there is no particular method or formula for success, cause as you will go into this, you will have to constantly refine your thoughts, judgments, and knowledge, which eventually will increase.
This has been a guide to Career in Project Management. Here we discussed the education, career path, job position, salary, and career outlook in Project Management. You may also look at the following article to learn more –