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Executive project manager hiring summary. Here are some key points about hiring executive project managers in the United States:
Here's a step-by-step executive project manager hiring guide:
An executive project manager oversees a department's operations. They handle a workplace management team that directly manages short- and long-term projects. Typically, they are responsible for forming strategic programs, setting project goals, and monitoring program and project performance. They communicate with upper management to develop long-term strategic plans. They also record the organization's financial expenses, monitor funding, and approve spending plans.
Before you start hiring an executive project manager, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
An executive project manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, executive project managers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
Here's a comparison of executive project manager salaries for various roles:
| Type of Executive Project Manager | Description | Hourly rate |
|---|---|---|
| Executive Project Manager | $30-72 | |
| Information Technology Project Manager | An information technology project manager is responsible for supervising the technology department, ensuring that all tasks are being done by following technological strategies and solutions. Information technology project managers' duties include monitoring the technology team's daily operation, handling team members' concerns, managing customers' inquiries and complaints, helping team members' in achieving their professional growth, creating reports, sharing updates during team and board meetings, and maintaining effectivity of operational procedures... Show more | $36-71 |
| Project Manager/Team Lead | Project Managers are responsible for managing and overseeing the operations of a project from inception to completion. Their duties include defining project scope, developing a project plan, creating work breakdown structures to distribute resources, and communicating responsibilities to all project team members and vendors... Show more | $39-66 |
Including a salary range in the executive project manager job description is a good way to get more applicants. An executive project manager salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for an executive project manager in Virginia may be lower than in Alaska, and an entry-level engineer typically earns less than a senior-level executive project manager. Additionally, an executive project manager with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $130,898 | $63 |
| 2 | Washington | $120,500 | $58 |
| 3 | New York | $104,763 | $50 |
| 4 | Arizona | $96,076 | $46 |
| 5 | New Jersey | $91,702 | $44 |
| 6 | Pennsylvania | $90,621 | $44 |
| 7 | Minnesota | $90,465 | $43 |
| 8 | Illinois | $82,689 | $40 |
| 9 | Indiana | $82,055 | $39 |
| 10 | Missouri | $81,868 | $39 |
| 11 | Florida | $81,433 | $39 |
| 12 | Puerto Rico | $72,380 | $35 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Morgan Stanley | $134,471 | $64.65 | 17 |
| 2 | CBRE Group | $110,763 | $53.25 | 536 |
| 3 | Randstad North America, Inc. | $108,188 | $52.01 | 8 |
| 4 | CB Richard Ellis Memphis LLC | $107,370 | $51.62 | |
| 5 | The Official Promenade Towers | $105,361 | $50.65 | |
| 6 | Industrial Control | $104,905 | $50.44 | |
| 7 | KBR | $102,053 | $49.06 | 66 |
| 8 | Polaris Software Lab India Limited | $100,541 | $48.34 | |
| 9 | Sempra Energy | $99,879 | $48.02 | |
| 10 | JPMorgan Chase & Co. | $99,459 | $47.82 | 389 |
| 11 | Engineering Incorporated | $98,296 | $47.26 | 4 |
| 12 | Engaging Solutions | $95,944 | $46.13 | |
| 13 | TASC | $93,716 | $45.06 | |
| 14 | AKQA | $91,971 | $44.22 | |
| 15 | Fortive | $91,471 | $43.98 | 18 |
| 16 | rms | $85,865 | $41.28 | |
| 17 | AmeriHealth Caritas | $85,580 | $41.14 | 8 |
| 18 | Arden Wood | $81,555 | $39.21 | |
| 19 | UCLA | $81,192 | $39.03 | 18 |
| 20 | Salient CRGT | $78,913 | $37.94 |
An executive project manager job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of an executive project manager job description:
To find the right executive project manager for your business, consider trying out a few different recruiting strategies:
During your first interview to recruit executive project managers, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the executive project manager position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Hiring an executive project manager comes with both the one-time cost per hire and ongoing costs. The cost of recruiting executive project managers involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of executive project manager recruiting as well the ongoing costs of maintaining the new employee.
Executive project managers earn a median yearly salary is $99,099 a year in the US. However, if you're looking to find executive project managers for hire on a contract or per-project basis, hourly rates typically range between $30 and $72.