As a project manager, securing a good contract that offers a competitive salary is important. In Australia, project managers are in high demand and as such, there are several job openings that offer great salary packages. In this article, we will delve into the details of project manager contract salary in Australia.
To begin with, the average annual salary for a project manager in Australia is AUD 118,000. However, this figure can vary depending on a range of factors such as industry, location, experience, and qualifications. In addition, as a project manager on a contract basis, you may be required to negotiate your own salary, based on the project requirements and budget.
In terms of industry, project managers in the IT sector tend to earn the highest salaries. According to the latest survey by the Australian Institute of Project Management (AIPM), IT project managers earn an average of AUD 144,000 per annum. Project managers in the construction sector come in second with an average salary of AUD 137,000 while those in the government sector earn an average of AUD 128,000.
If we look at location, the highest paying cities for project managers in Australia are Melbourne and Sydney. Project managers in these cities earn an average of AUD 129,000 and AUD 127,000 respectively. However, project managers in Perth and Brisbane also earn relatively high salaries with an average of AUD 122,000 and AUD 121,000 respectively.
Experience is also a crucial factor in determining a project manager’s salary in Australia. Entry-level project managers with less than three years of experience can expect to earn an average of AUD 85,000 per year. As you gain more experience, you can expect a significant increase in your salary. Project managers with more than ten years of experience earn an average of AUD 155,000 per annum.
Lastly, qualifications such as project management certifications and degrees can also impact the salary of a project manager. Those with a Project Management Professional (PMP) certification can expect to earn an average of AUD 145,000 per annum, while those with a Master of Business Administration (MBA) degree can earn an average of AUD 140,000 per year.
In conclusion, project manager contract salary in Australia can vary depending on several factors such as industry, location, experience, and qualifications. However, with the right mix of skills and experience, you can negotiate a salary package that meets your expectations and suits the requirements of your project contract.