How do construction managers make more money?

 There are numerous benefits to choosing a career in project management such as job security, flexibility, and upward mobility, to name a few.

According to the Project Management Institute, the average yearly project manager’s salary in the U.S is above $108, 000.

Students aspiring to pursue the programme should know there isn’t any trick to increase their salary. But some proven strategies will not only make you a pro but also help you add a few tanks of gas to each paycheck.

Pursue an industry-specific programme

It shouldn’t be a surprise that a good education is the key to a good career. In the U.S. in 2015, 99% of the project managers surveyed in PMI’s annual salary survey had at least a high school degree. More than 90% earned a four-year college degree, and almost 50% achieved a master’s degree or higher. Furthermore, project managers with a doctoral degree earned about $16,000 more per year than those holding only a four-year degree.

Interestingly enough, some institutions are offering specialised programmes with accreditation to help you transform into a true industry-ready professional. One such institution is the RICS School of Built Environment, Amity University.

RICS SBE is the first and only institution to offer dual accredited (RICS & PMI-GAC) programmes. Their unique MBA programme in construction management prepares you to excel as a project manager, working in a team, often as a team leader. You will be able to lead teams of specialists including architects, structural engineers, electrical engineers, sustainability experts and finance experts.

Construction project managers are responsible for planning, executing, monitoring, controlling, and closing construction projects. They play a lead role in managing the project team and resources that ultimately lead to the success or failure of the project. The course duration intersects with ten knowledge areas of PMI viz. integration, time, scope, cost, human resources, quality, communication, risk procurement, and stakeholder management.

An MBA in CPM prepares you to play a key role throughout the delivery process of a construction project. MBA in Construction Project Management provides you with the capability to apply recent cutting-edge technology in real-world projects.

Build your Experience

Perhaps the most sure-fire way to increase your salary is to keep being a professional. According to a survey, a project manager’s salary steadily increases with experience. So, if you are already a project manager, keep with the industry trends, stay flexible, use cutting-edge tech and software to your advantage, and see the results.

Enhance your CV with Certifications

If you have a master’s in construction degree and have a significant amount of experience, you are probably taking home a respectable paycheck at this point, but never give up on learning new skills.

And the best way of doing this can be project management certifications.

Getting a good education, gaining experience, earning certifications & working in a competitive industry are great ways to make more money as a project manager.