A project controller’s role is similar to that of a consultant since they aid in formulating strategies for managing projects and their associated resources. Adequate project controls are crucial to meeting project deadlines and achieving desired outcomes through collaborative teamwork. They maintain a watchful eye to guarantee a smooth operation. Before starting to opt for a project controller as a career, it is helpful to know about the annual salary and other incentives they get. Let us know more detail about ‘Salaries For Project Controller’.
Salaries For Project Controller
A Project Controller’s average annual salary in the United States is $118,325. Project controllers in the United States earn an average yearly pay of $91,025, or $46.68 per hour. Starting salaries for most professions are around $78,350 annually, with experienced professionals earning upwards of $125,000 annually. Numerous factors, such as a person’s level of education, professional credentials, unique skills, and years of experience in the area, can directly affect their earning potential.
Salaries for Project Controller:
On this date in 2022 (August 25), a Project Controller in the United States can expect to earn an average annual income of $88,800. Estimated annually, the raise amounts to $22,081 extra cash in hand. Bonuses, commissions, tips, and even a cut of the profits are all possible forms of supplemental pay. The “Most Likely Range” displays numbers between the 25th and 75th percentiles of all salary data for this position at the time of this writing.
Knowledge and Expertise Gained via Schooling and Work
- To work as a project controller, you need a bachelor’s degree in accounting, finance, or a related profession.
- Earning a finance, leadership, or project management degree will equip you with the technical knowledge and analytical skills necessary to succeed in these fields.
- You could get further along in your project controller career if you have relevant work experience. Companies often prioritize candidates with a master’s degree or substantial job experience in the financial sector, especially in managerial positions.
- An expert or continuing education in accounting and analytical software, spreadsheet preparation software, and budgeting tools might be helpful for project controllers. Instruction could take place either in-person or digitally.
Purposes and Responsibilities: Salaries For Project Controller
- A project controller and a project controller analyst are responsible for keeping tabs on, coordinating, and commanding all of the moving parts of a project.
- Manage and organize routine contract work by established protocols and guidelines.
- Project controllers pay close attention to the financial aspects of budgeting, restricting, and scheduling to ensure that all operations inside a project run smoothly and according to schedule.
- Project controllers are known for their exemplary level of detail and the fact that they usually manage sizable groups of people and detailed specifications.
- Create and implement internal controls, and provide an internal auditor to ensure they’re followed.
- There is a tendency for project controllers to specialize in one area, such as scheduling, budgeting, or monitoring.
Jobs where Project Management Professionals can Earn the Most Money
Engineer with experience managing complex construction projects
In the United States, the average annual wage is $124,434.
Experienced expert in managing pharmaceutical projects
In the United States, the median annual income is present $133,246.
Accredited Professional in Aerospace Project Management
The median yearly wage in the U.S. is $129 732.
Expert in managing projects resources
U.S. median annual income is $134 577.
Expertise in providing advice to project managers
In the United States, the average salary is $134,149.
Regions of the United States that Pay Project Controllers the Most on Average
The Queen City of North Carolina (N.C.)
A yearly salary of $114,761
Location: Golden, Colorado
To the tune of $79,027 yearly
C.T., New Haven
The annual salary of $112,561
Earnings of $85,237 Per Annum
Oregon’s Port Town of Portland (OR)
A yearly salary of $79,570
U.S.A., Texas, Dallas
Costing yearly US$74,832
Rochester, New York
An annual salary of $112,691
Locale: Houston, TX
The annual salary of $58,230
The Golden Gate City of San Francisco, California
Expenses for the year equal $103,559
Now we’ve learnt about ‘Salaries For Project Controller’, The Bureau of Labor Statistics (B.L.S.) of the United States of America predicts that employment opportunities for financial managers, such as project controllers, will expand by 15 percent between 2019 and 2029. However, this sum may differ significantly depending on criteria such as the person’s years of experience, geographical area, and skill set. The annual salary for a Project Controller in the U. S. averages $88,800, although this number can vary widely depending on various things.
Frequently Asked Questions (F.A.Q.s)
- Q1: What is a reasonable estimate for most controllers’ annual salaries?
A: The controller of a corporation is typically also the person in charge of leading the finance department. This person is responsible for monitoring the company’s financial activities. However, this vast range is influenced by experience, business size, the scope of the role, industry, and more. The typical yearly compensation for a controller is between $110,000 and $180,000; however, these factors drive this broad range. This range, however, can be significantly expanded or contracted depending on a wide variety of factors in any given situation.
- Q2: How low of a starting wage is acceptable for a Project Controller?
A: It is reasonable to anticipate a starting salary of $51,000 for the first year on the job as a project controller.
- Q3: How much money does a Project Controller make at the height of their career?
A: The annual compensation of a Project Controller cannot exceed $103,000 under any circumstances.
- Q4: Is there a corresponding pay increase after obtaining the P.M.P. designation?
A: The salary of the P.M.P. will be increased. Compared to a PM who lacks qualifications, an accredited P.M.P. could potentially receive a pay bump of up to 20%. Therefore, it is evident that professionals with their P.M.P. certification receive a 20% increase in their compensation.
- Q5: Is there a significant difference in pay scale between project managers and engineers?
A: According to Indeed’s data, the annual income of a project manager in the United States averages out to be $86,188. On the other hand, an engineering manager may expect an average salary of 127,408 dollars per year, as stated by the website Indeed.