Project managers in construction have become some of the highest paid professionals in the UK
The 2023 Association for Project Management (APM) Salary and Market Trends Survey shows the average salary for project professionals in construction has increased by 10% since 2021.
The average salary of £57,500 – compared to £52,500 in 2021 – makes construction project professionals the joint second highest paid alongside consultancy, hospitality and telecoms.
Topping the annual rankings are project professionals in financial services and energy and utilities, both with an average salary of £62,500.
The majority of project professionals across all sectors enjoyed a pay rise in 2022, with 65% seeing their average salary increase.
Across the profession, 81% say they are satisfied in their role, while 80% are optimistic about the supply of jobs.
The proportion of companies looking to recruit additional staff is at a five-year high at 59%. Looking around the UK, companies in the south west and the West Midlands are demonstrating above-average levels of expansion, with 79% and 81% respectively growing their businesses.
Adam Boddison, chief executive of APM, said: “This year’s Salary and Market Trends Survey shows how people and businesses have adapted to new working practices and the long-term effects of the pandemic. It also comes during a period of economic turbulence, with high energy costs and sustainability now front-of-mind for many in the profession.”