highlight on the mission occupation

The most recent annual Wage and Market Tendencies Survey by Affiliation for Mission Administration (APM), the chartered physique for the mission occupation, reveals the common wage for a mission skilled is £47,500.

This common wage has remained unchanged for the previous 12 months, bearing testomony to the enduring power and broad attraction of the occupation, regardless of the challenges of the coronavirus pandemic and Brexit throwing many plans and tasks into doubt.

The analysis, in partnership with YouGov, surveyed 2,626 mission professionals throughout the UK, drawing insights from throughout the occupation, together with wage (by area, sector and job function), job satisfaction, future developments, range and inclusion. The findings reveal that nearly half (49 per cent) of execs now earn over £50,000; up from 42 per cent final 12 months. Additional up the pay-scale, 20 per cent of execs now earn over £70,000; a rise from 16 per cent.

APM’s examine additionally highlights that salaries for these within the early levels of their profession have elevated, with the common wage for 25-to-34-year-olds rising from £37,500 to £42,500. And for these aged 18-to-24-years-old, the common wage stays at a aggressive £27,500.

Vitality stays probably the most profitable sector for mission professionals, with common salaries leaping from £52,500 (in 2020) to £60,000; 64 per cent of these working on this sector now earn over £50,000, up from 51 per cent within the earlier 12 months.  Different sectors to see a major improve in common wage embody monetary providers and consultancy (each up from £47,500 to £57,500).

Salaries in enterprise {and professional} providers have additionally elevated, together with native authorities, telecoms, and the well being sector. Monetary providers even have the third highest proportion of excessive earners, with 62 per cent incomes over £50,000.

Additional insights from the examine embody Working Life and Job Satisfaction, Variety and Inclusion and Future Tendencies.

Debbie Dore, chief government of APM, stated: “Our newest wage survey findings present an attention-grabbing snapshot from throughout the occupation, demonstrating that regardless of the numerous impression of the worldwide pandemic, mission administration wage ranges throughout a variety of sectors proceed to rise, offering monetary stability, and providing excessive ranges of job satisfaction.

“Because the chartered physique for the occupation, we’re dedicated to supporting and selling the worth of mission administration, and the insights drawn from our examine will assist to make sure that we will act and advocate on behalf of our members and your complete occupation.”

A wide range of mission administration roles have seen a rise in wage over the previous 12 months, together with portfolio managers rising from £57,500 to £67,500.  Programme managers have additionally seen their worth improve, with common salaries rising from £57,500 to £62,500. Mission planners have additionally loved an uplift of £10,000 of their common salaries, reaching £47,500.  Consultants proceed to get pleasure from a mean wage of £57,500.

Heads of tasks/programmes (£72,500), assistant mission managers (£32,500) and senior mission managers (£57,500), mission engineers (£42,500) and mission administrators (£82,500) have seen no change in wage ranges.

Discover the outcomes of APM’s Wage and Market Tendencies Survey.  To seek out out extra about APM go to www.apm.org.uk

APM Salary and Market Trends Survey: spotlight on the project profession