APM launches 2017 Salary and Market Trends Survey
This is the third edition of APM’s Salary and Market Trends Survey run in collaboration with Wellingtone Project Management.
Since its launch in 2015 the research has received over 13,700 responses from across the profession allowing APM to build up a clearer picture of trends and emerging demands from across the profession and answer all the big questions:
- What could I earn?
- How does my experience compare to others?
- Are others looking at new job opportunities too?
This year’s survey was held in association with leading market researchers YouGov and saw a 16 per cent increase on last year receiving nearly 6,000 responses.
Findings reveal a largely satisfied profession, with almost 80 per cent of respondents satisfied in their role and 81 per cent of respondents expecting their pay and benefits package to increase in the next 12 months.
Respondents from the profession report an average salary of £47,500 and for contractors £450 a day, with those working overseas enjoying salaries of £62,500 and £700 a day.
For the 27 per cent of respondents expecting to change organisations in the next 12 months for the first time since the survey began, the majority will be focusing on improved salary over 'diverse and interesting work' for the first time and will most likely be looking for roles in large organisations of 250 employees or more.
Happily, 47 per cent of respondents described their organisation as growing and looking to recruit new staff, which is good news for those looking to advance their career.
Since 2015, the percentage of females in the profession has grown by eight per cent, however the gender wage gap still sits at around 30 per cent. Work across many sectors is ongoing in order to reduce this gap.
Skills and training played a huge role this years’ Salary and Market Trends Survey and highlighted a profession demanding new skills. Over half of respondents from the profession expect to take on new skills between now and 2022, a figure that rises to over 83 per cent for APM members. Despite this, 90 per cent of respondents cited the skills and training they learnt when they started out in the profession as still relevant today, highlighting the importance of getting the basics right.
With three years of data now held representing respondents from APM and wider industry, the Salary and Market Trends Survey remains a vital piece of research for the project profession. Should you wish to know more or require data for your own research please contact email@example.com.