Salaries For Grant Manager

A grant manager is in charge of managing awards once they are given out, keeping track of grant requirements, and supervising the grant application process. Let us know about the ‘Salaries For Grant Manager’.

Salaries For Grant Manager

Depending on the company they work for, grant managers may have different responsibilities, but common ones include: evaluating possible grant opportunities and selecting which grants to pursue in light of the needs and priorities of the company, Creating grant applications that quickly state the company’s goals, plans, and predictable results.

A grant manager’s pay may vary depending on their region, employer, and level of experience. Entry-level grant managers may expect an average salary of about $48,000 per year with less than one year of experience, and an average pay of about $55,000 per year with one to four years of experience. With 5 to 9 years of experience, mid-career grant managers can expect to make an average annual pay of about $67,000, while those with 10 to 19 years of experience can expect to make an average annual salary of about $76,000.

Factors affecting salaries of grant managers

Grant managers’ salary might vary depending on a number of circumstances, such as:

  • Geographic location: Grant managers’ salaries can differ based on the local cost of living. Higher pay is frequently offered in cities with higher cost of living as a form of cost-of-living adjustment.
  • Level of education and experience: Grant managers who have earned advanced degrees and have a lot of experience may be paid more than those who have less education and experience.
  • Organizational type: Grant managers’ pay may differ depending on the size, nature, and goals of their employer. Larger organizations or those with major funding sources may pay their grant administrators more money.
  • Responsibility: Grant administrators who are in charge of overseeing more substantial awards or a number of projects may be paid more than those who manage smaller grants.
  • Performance and track record: Grant administrators are more likely to receive better remuneration if they have a history of successfully securing funds, hitting deadlines, and producing results.
  • Negotiation ability: Grant managers who excel in this area might be compensated for helping to get better terms and conditions for their companies.
  • Industry and sector: Grant managers may earn varying salaries depending on the sector and industry in which they operate. Non-profit organizations, governmental organizations, and healthcare institutions frequently offer varied income ranges.

Salaries of grant managers

1. Grant writer

A grant writer is responsible for researching, writing, and submitting grant proposals. They work closely with program staff and grant managers to ensure that grant proposals align with the organization’s goals and priorities. Entry-level grant writers with less than one year of experience can expect to make an annual salary of about $42,000, while those with between four and five years of experience can expect to make an annual salary of about $51,000. The average salary for mid-career grant writers with 5 to 9 years of experience is about $57,000, while the average salary for seasoned grant writers with 10 to 19 years of experience is about $65,000.

2. Grant administrator

A grant administrator oversees the entire grant management process, from identifying potential funding opportunities to managing grants once they are awarded. Entry-level grant administrators can expected making an average salary of about $50,000 annually with less than one year of experience, and an average pay of about $60,000 annually with one to four years of experience. With 5 to 9 years of experience, mid-career grant administrators can expect to make an average pay of about $70,000 per year, while those with 10 to 19 years of experience can expect to make an average salary of about $82,000 per year.

3. Research grants manager

A research grants manager is responsible for managing grant-funded research projects. They work closely with researchers, grant writers, and program staff to ensure that grant proposals meet funding requirements and are feasible. Entry-level research grants managers can expected making an average salary of about $56,000 annually with less than one year of experience, and an average pay of about $68,000 annually with one to four years of experience. With 5 to 9 years of experience, mid-career research grants managers can expect to make an average pay of about $78,000 per year, while those with 10 to 19 years of experience can expect to make an average salary of about $91,000 per year.

4. Government grants manager

A government grants manager is responsible for managing grants from federal, state, or local government agencies. They must be familiar with government regulations and reporting requirements and ensure that grant-funded programs comply with these regulations. Entry-level government grants managers with less than 1 year of experience can expect to earn an average salary of around $60,000 per year, while those with 1-4 years of experience can earn an average salary of around $70,000 per year. Mid-career government grants managers with 5-9 years of experience can earn an average salary of around $81,000 per year, while experienced government grants managers with 10-19 years of experience can earn an average salary of around $92,000 per year.

5. Foundation grants manager

A foundation grants manager is responsible for managing grants from private foundations or other charitable organizations. They must be familiar with the mission and priorities of the foundation and ensure that grant proposals align with these priorities. Foundation grants managers at the entry-level can expected earning an annual income of around $55,000 with less than one year of experience, and an annual salary of about $65,000 with one to four years of experience. With 5 to 9 years of experience, foundation grants managers in their mid-career can expect to make an average salary of about $75,000, while those with 10 to 19 years of experience can expect to make an average salary of about $84,000.

6. Non-profit grants manager

A non-profit grants manager is responsible for managing grants for non-profit organizations. They must be familiar with the organization’s mission and programs and ensure that grant proposals align with these priorities. Non-profit grants managers at the entry level with less than a year of experience can expected making an average income of about $46,000 annually, while those with 1-4 years of experience can expect to make an average salary of about $57,000 annually. Experienced non-profit grants managers with 10–19 years of experience can make an average salary of about $78,000 per year, compared to mid-career non-profit grants managers with 5–9 years of experience.

Conclusion

In conclusion, the amount paid to grant managers might differ depending on a number of variables, including their location, the size of their business, and their level of experience. Income can also vary depending on the type of grant manager, with positions including research grants manager, government grants manager, foundation grants manager, and non-profit grants manager having different salary ranges. Salary may also be impacted by specialist knowledge in fields like grant compliance, program evaluation, or fundraising.

FAQ

1. How do you become a grant manager?

There is no specific educational requirement to become a grant manager, but many positions may require a bachelor’s degree in a related field such as business, non-profit management, or public administration. Relevant work experience in grant writing, project management, or fundraising can also be helpful.

2. What is the job outlook for grant managers?

The job outlook for grant managers is generally positive, as organizations continue to seek funding from grants to support their programs and initiatives. According to the Bureau of Labor Statistics, employment of fundraising managers (which includes grant managers) is projected to grow 10 percent from 2020 to 2030, which is faster than the average for all occupations.

Salaries For Grant Manager

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