Qualified professionals who are proficient in project management are always needed to plan and provision work internally or between organizations. Companies have realized that hiring project managers contributes greatly to achieving specific business goals.
And, in an era in which companies are doing everything possible to eliminate redundancies and unnecessary costs without sacrificing quality, project managers can help achieve those goals in order for companies to stay competitive.
Considering a career as a project manager? Then keep reading, as this guide will focus on the importance of project management as a whole, the reasons why project management is a top career choice, and the benefits of entering and continuing in this profession.
The Importance of Project Management
Within most organizations, when you have separate teams handling specific day-to-day responsibilities, those teams tend to focus on completing their share of the work. That can sometimes lead to a disconnect between departments, and if one doesn’t know what the other is doing, it can be costly to a company and sacrifice quality for customers or clients.
That’s where the skill set of a project manager comes into the picture. It’s their role and responsibility to delegate work between various teams to decrease costs, enhance productivity, and increase quality. In other words, project managers, who serve as the brains of the organization, need to know what everyone is doing to achieve effective and useful outcomes.
Why Project Management is a Top Career Choice
1. Diverse Job Opportunities
Even though being a project manager can be demanding and unpredictable at times, the ability to work at — or with — virtually any company alongside a team of other dedicated professionals to fast-track work and create solutions can be extremely rewarding.
In fact, the availability of job opportunities is one reason why project management is a top career choice. According to TechRepublic, 2.3 million project managers are needed every year in the following industries:
- Manufacturing and construction
- Information and publishing
- Finance and insurance
- Management and professional services
- Oil and gas
Of course, these are just a few of the top industries that need project managers. Indeed, what makes being a project manager great is that you can apply your skill set to whichever industry you find interesting.
2. High Earning Potential
A career with high earning potential is possible for many project managers. According to the Bureau of Labor Statistics, industries with the highest employment and wages for project managers include:
- Independent artists, writers, and performers: $120,000
- Computer and peripheral equipment manufacturing: $118,950
- Monetary authorities: $112,620
- Software publishers: $107,580
- Navigational, measuring, electromedical, and control instruments manufacturing: $107,160
3. Challenging and Non Repetitive Work
A career that’s challenging and non repetitive is another reason why project management is a top career choice. Since each project is unique, it requires the ability to solve different problems by being creative, innovative, and adaptable to multiple variables and limited standardization.
This gets easier to do, especially if you’re a project manager who acquires experience in many different industries and project scenarios. To break into this career, earning an MBA with an emphasis in project management can open new doors for you.
4. A Sense of Accomplishment
A career with a great sense of achievement is the icing on the cake when it comes to this path. The hard work and diligence that a project manager strives for to accomplish a goal are rewarded with self-satisfaction and accomplishment.
Companies Need the Services of Experienced Project Managers
Few companies can hit sales goals, efficiency and productivity objectives, and shareholder expectations without hiring skilled project managers. If you desire to work in a profession with high earning potential, to constantly undertake new challenges, and learn new things and skills from time to time, this role may very well be right for you.