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The multifaceted role of the project manager has been increasing in importance across virtually every industry in recent years—but what, exactly, is driving the demand?
As global markets become more complex and interdependent, and corporate structures continue to change in the face of new social and cultural forces, project managers are needed to help businesses manage these changes and maintain their efficiency.
When it comes to the US market, in particular, there are a couple of key factors influencing the demand for project managers that make this segment unique.
Let's take a closer look at the landscape for US-based project managers and the demand for professionals in this area.
Why is project management in high demand in the US?
Overview of project management demand
Industry experts estimate that the global demand for project managers will require 25 million professionals by 2030—a huge figure that represents a significant increase on previous years.
The US is a key driver of this ambitious number, with powerhouse industries like technology, construction, engineering, manufacturing, and finance creating the highest demand.
But it's not just the demand for project managers that's skyrocketing; according to the Project Management Institute (PMI), the average salary of a project manager is also on the rise—making this a lucrative and rewarding career choice for skilled industry professionals.
Key factors driving the demand for project management jobs
There are a number of key factors influencing the demand for project managers in the US, including:
- Business growth: The US is home to an increasing amount of growing companies, whose projects range in scale, industry, and complexity.
The more complex and large-scale the business' projects are, the more they will rely on the skills that a project manager brings to the table.
- Technological advancements: The digital age continues to bring transformative technologies that are revolutionizing business operations in the US.
From AI to cloud computing, companies need to work harder than ever to stay up-to-date with digital changes, and project managers are often looked to to help facilitate the smooth integration of new technologies.
- Remote workforces: Flexible working environments, such as remote and hybrid working, continue to challenge and change the face of US industries across the board.
Skillful project managers play a crucial part in helping organizations adapt to—and thrive within—the changing landscape.
- Increase in project-based contracts: In order to remain competitive and increase efficiency, many organizations are moving away from a traditional workforce structure and leaning more into project-based contracts.
In this scenario, freelance contractors are brought on to focus on specific projects, instead of maintaining a large, diverse workforce full-time.
Project managers often sit at the helm of these standalone ventures.
Benefits and career growth opportunities
Recent years have brought significant uncertainty and disruption to a lot of industries, which is, in no small part, a reason why the demand for project managers is at an all-time high. This represents a strong, secure career path for anyone considering pivoting into a project management job.
The work of a project manager is varied and, as such, interesting and never the same as the day before. Professionals also have the opportunity to work across a range of industry types, depending on where their area of interest lies.
Although money isn't everything, a career in project management is typically well-remunerated—which can be a key motivation for many in entering the field.
In terms of career growth, project managers have the chance to specialize in specific fields to land higher-paying roles. For those with a mind for travel, project management jobs can also offer the chance to work all over the world.
Get hired for project management jobs
We are always eager to connect with skilled, like-minded professionals who are excited about working on projects in infrastructure and construction at AtkinsRéalis.
Our commitment to facilitating professional growth and career development is what sets us apart, and our involvement with major projects means that we are well positioned to help you land your ideal project management job.
Start exploring our open project manager jobs today and find out where your next career move could take you.
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