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. Click here for more details.
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. Click here for more details.
Earning by gender
The gender wage gap remains in the profession. On average, women continued to earn 30 per cent less than men. Results show 49 per cent of women earned less than £40,000, compared to just 27 per cent of men. Click here for more details.
Salary by region
London continues to see the highest salaries. Across London, more than a quarter of respondents’ salaries exceeded £70,000 per year. This figure was topped only by those working outside the UK, where 38 per cent reported earning the top salary band. Click here for more details.
Market confidence - satisfaction
The profession continues to enjoy high levels of satisfaction, with around 80 per cent of respondents claiming to be satisfied in their roles. Those from Northern Island and the North West of England claimed to be most satisfied, posting 85 per cent and 84 per cent respectively. However, it was the company directors who were most satisfied at 91 per cent of respondents. Click here for more details.
Impact of Brexit
Since 2017 there has been a five percentage point increase to 52 per cent of those who believe Brexit will have neither a negative or positive impact on their career. This shows that two years after the vote there is still considerable uncertainty about the process of exiting the EU. However, 26 per cent still believed it would have a negative impact. Click here for more details.