Government Contractor Program Manager Salary: What You Need to Know
Government contractor program managers are responsible for overseeing various projects and ensuring that they are completed within budget, on time, and according to the specifications set forth by the government. They are responsible for managing the contractors who are working on the project and ensuring that they are delivering quality work. As a result of their important role, government contractor program managers are compensated quite well.
The average salary for government contractor program managers in the United States is $105,000 per year, according to Glassdoor.com. However, salaries can range from $76,000 to $144,000 depending on a variety of factors, including location, education and experience.
One of the biggest factors that influence the salary of a government contractor program manager is their location. For example, a government contractor program manager working in Washington, D.C., which has a high cost of living, can expect to earn more than someone doing the same job in a smaller city in the Midwest.
Education is another factor that can impact a government contractor program manager’s salary. While a bachelor`s degree is typically the minimum requirement for this position, those with advanced degrees, such as a master`s in business administration (MBA) or engineering, can earn significantly more. In fact, those with advanced degrees can earn up to $20,000 more per year than those without.
Experience is also an important factor when it comes to salary. Government contractor program managers with several years of experience can expect to earn more than those who are just starting out. According to Payscale.com, the salary for government contractor program managers increases by approximately $10,000 for each year of experience they have.
It’s worth noting that the salary for government contractor program managers can also vary depending on the specific industry they work in. For example, those working in the defense industry can expect to earn more than those working in the healthcare or education industries.
In summary, government contractor program managers are compensated quite well due to the important work they do. While the average salary is $105,000 per year, factors such as location, education, experience and industry can impact how much they earn. Whether you’re just starting out or are an experienced government contractor program manager, it’s important to understand these factors to negotiate a fair salary.