Salary for a Level III Program Manager
Level III program managers are senior program managers who work in a variety of industries. They have worked their way up to the senior classification by managing programs, departments or projects for many years with consistent success. Required skills include leadership, scheduling, delegating, organizing and analyzing. Salaries for the position vary widely by industry and experience, though senior program managers can expect to earn salaries similar to that of middle to upper management.
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Responsibilities
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Responsibilities for senior program managers include assembling a team, determining program goals and overseeing work on related projects. For example, in the technology industry, a company might have several business goals in place, each with multiple projects involved. Each project has a project manager, and each department or aspect of the business has a program manager to oversee all projects in that department. Project managers often report to program managers, and program managers report to senior program managers. Senior program managers analyze business activities and budgets. This high level of responsibility typically comes with higher salaries than regular program or project managers.
Salary Considerations
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Information technology (IT) and other technology industries such as software development often pay higher than average, due to the fast-paced nature of these industries, as well as the need for advanced technical knowledge. Other industries, such as news and media, pay program managers less than technology industries, though program managers still have a high level of responsibility, and thus, a good salary.
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Basic Salary Information
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Florida Tech University indicates that salaries for IT senior program managers typically fall somewhere between $111,027 and $155,094. The median salary in 2011 was $133,060. National average salaries across all industries was a bit lower at about $96,000 a year. The median salary for program managers in the news and media industry was $68,440 in 2008, according to O-Net Online.
Benefits and Job Outlook
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In addition to annual salaries, senior program managers also typically receive benefits each year. These benefits might include health and life insurance, 401(k) retirement savings accounts, paid vacation time, paid sick leave and annual bonuses based on performance. Employment opportunities are expected to increase by 17 or 18 percent in different industries between 2008 and 2018. Consider earning a master's degree in business administration (MBA), which can lead to more job opportunities and a higher salary.
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References
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