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Project manager/analyst hiring summary. Here are some key points about hiring project managers/analyst in the United States:
Here's a step-by-step project manager/analyst hiring guide:
The primary job of project managers/analysts is to manage and develop new projects. They have varied duties and responsibilities, which include giving analytical support for projects, assisting in budget and financial analysis, and analyzing market trends, statistical data, and regulations relevant to the projects. Additionally, project managers/analysts are also expected to draft financial reports, work statements, and cost estimates and work to ensure customer satisfaction and retention. These professionals are also responsible for project scheduling, tracking fund receipts, and monitoring documentation.
First, determine the employments status of the project manager/analyst you need to hire. Certain project manager/analyst roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A project manager/analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, project managers/analyst 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.
The following list breaks down different types of project managers/analyst and their corresponding salaries.
| Type of Project Manager/Analyst | Description | Hourly rate |
|---|---|---|
| Project Manager/Analyst | $34-66 | |
| Analyst Lead | The duties of an analyst lead depend on one's line of work or industry of employment. Typically, their responsibilities revolve around performing research and analysis, coordinating with different departments to gather leads and data, reviewing findings, and producing reports and presentations for the stakeholders and other higher-ranking officials... Show more | $35-58 |
| Manager, Program Management | A program management manager is a professional who guides project managers and oversees and coordinates an organization's projects, products, and other strategic initiatives. The day-to-day responsibilities of a program manager include planning the overall program, managing the program's budget and the main program documents, and defining the program governance... Show more | $39-74 |
Including a salary range in your project manager/analyst job description is one of the best ways to attract top talent. A project manager/analyst can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $126,495 | $61 |
| 2 | New Jersey | $108,757 | $52 |
| 3 | New York | $107,496 | $52 |
| 4 | Massachusetts | $101,516 | $49 |
| 5 | Washington | $100,002 | $48 |
| 6 | Connecticut | $99,841 | $48 |
| 7 | District of Columbia | $99,821 | $48 |
| 8 | Virginia | $99,123 | $48 |
| 9 | North Carolina | $97,340 | $47 |
| 10 | Oregon | $97,316 | $47 |
| 11 | Wisconsin | $96,011 | $46 |
| 12 | Arizona | $95,770 | $46 |
| 13 | Illinois | $92,618 | $45 |
| 14 | Pennsylvania | $91,448 | $44 |
| 15 | Ohio | $91,113 | $44 |
| 16 | Texas | $90,418 | $43 |
| 17 | Georgia | $88,198 | $42 |
| 18 | South Carolina | $87,828 | $42 |
| 19 | Louisiana | $85,163 | $41 |
| 20 | Nebraska | $84,579 | $41 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Citi | $138,972 | $66.81 | 41 |
| 2 | Bloomberg | $137,563 | $66.14 | 10 |
| 3 | Slalom | $132,547 | $63.72 | 89 |
| 4 | State Street | $127,573 | $61.33 | 20 |
| 5 | Cisco | $127,504 | $61.30 | 28 |
| 6 | Sumitomo Mitsui Financial Group | $125,303 | $60.24 | 1 |
| 7 | Barclays | $124,438 | $59.83 | 2 |
| 8 | JPMorgan Chase & Co. | $119,029 | $57.23 | 183 |
| 9 | UBS | $117,484 | $56.48 | 1 |
| 10 | Logitech | $111,257 | $53.49 | |
| 11 | Iris Software | $110,246 | $53.00 | |
| 12 | XpertTech | $109,040 | $52.42 | 5 |
| 13 | Amdocs | $107,252 | $51.56 | 2 |
| 14 | AltaMed Health Services | $103,268 | $49.65 | |
| 15 | HELLA Corporate Center USA, Inc | $102,535 | $49.30 | |
| 16 | WD-40 | $102,526 | $49.29 | |
| 17 | Precise Systems | $102,470 | $49.26 | |
| 18 | DISYS | $102,326 | $49.20 | |
| 19 | Randstad North America, Inc. | $102,325 | $49.19 | 20 |
| 20 | Honeywell | $101,662 | $48.88 | 39 |
A project manager/analyst 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 a project manager/analyst job description:
To find the right project manager/analyst for your business, consider trying out a few different recruiting strategies:
During your first interview to recruit project managers/analyst, 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.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
While interviews are great, you will only sometimes learn enough from a conversation with a project manager/analyst applicant. In those cases, having candidates complete a test project can go a long way in figuring out who's the most likely to succeed in the role. If you aren't a technical person and don't know how to design an appropriate test, you can ask someone else on the team to create it or take a look at these websites to get a few ideas:
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the project manager/analyst candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
After that, you can create an onboarding schedule for a new project manager/analyst. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
There are different types of costs for hiring project managers/analyst. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new project manager/analyst employee.
The median annual salary for project managers/analyst is $100,168 in the US. However, the cost of project manager/analyst hiring can vary a lot depending on location. Additionally, hiring a project manager/analyst for contract work or on a per-project basis typically costs between $34 and $66 an hour.