Salary and Market Trends Survey 2018
Results from the highly anticipated Salary and Market Trends Survey 2018 are now available.
The report allows project professionals to benchmark themselves against others and gain a better understanding of the major trends that will impact project management in the future.
- Salary by age, region, sector or job title
- Mega trends of the future
- How the profession feels about Brexit
- Are we confident about the economy?
- Contractor rates and expectations
- Gender wage gap analysis
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Average base salary
Across the survey, there was evidence of a pinch in wages compared to previous years. Longer contracts of lower value and a marked increase in younger professionals responding to the survey has seen the average salary fall from £50,000 in 2016 to £47,500 in 2018. However, there was a 13 per cent increase in under-35s earning more than £35,000.
Earning by sector
The highest salaries were seen in the energy and utilities sector, with 29 per cent reporting earning £70,000 or more. This was followed by retail and wholesale and the construction and the built environment at 24 per cent. Salaries were lowest in the education sector, where 42 per cent reported earning less than £35,000, with local government next lowest at 38 per cent.