Get Ready To Join The C-Suite – Project managers are some of the best candidates to be CEOs because to carry out the usual work they have to bring together all the disparate aspects of theory, reality, vision, process, finances, value, politics, and human nature to create successful outcomes. Project managers often manage projects that cross all organizational functions and get to see the organization as a whole entity rather than from the “siloed” view of a particular functional program for years within an industry or across industries.

Growing Industry & Attractive Prospects – IT Project Management professionals are drawing attractive compensations owing to their capabilities to face challenges in complex scenarios. As per PayScale, the average salary for a Project Manager, Information Technology (IT) is $88,619. The upper end of the highest range can go to $1,40,000 and beyond.

Impact On The Global Economy – Project managers contribute to a nation’s productivity, which supports GDP that in turn contributes to the standard of living. Looking globally, an estimated GDP output of project-oriented industries will reach $20.2 trillion in the next decade, while the lack of qualified talent could result in a potential loss of billions of dollars. This signifies how Project management has an enormous potential in driving economic growth.

A Trending Career – Today, the demand for project management specialists keeps growing. The data by PMI predicts exponential growth for the next decade. It is expected that employers will need around 87.7 million project management professionals by 2027. The BLS predicts the fastest growth rate for project managers in IT, i.e., 12 percent, faster than the average for all occupations. Also, in the last 5 years, the U.S. healthcare sector showed a 17% increase in project-oriented jobs – the biggest growth rate compared to other sectors.