Project Manager

MEMORANDUM

TO: Emelyn Smith-Ferris

FROM: Ariana Villa

DATE: January 24th, 2024

SUBJECT: Pathway to Becoming a Project Manager

This memorandum will serve as a guide into the project management field and what it
realistically entails post-graduation. Thinking about career paths beyond university can often be
a daunting task, thus this resource will highlight the important features worth noting in the field,
such as a job description, education requirements, and estimated salary ranges, among other
categories. Furthermore, I will include specific reasons as to why I am drawn to the field of
project management and why I believe it is an attainable career choice.

Project Manager Job Description

In the role of a program manager, the primary responsibility is the day-to-day oversight of
projects, requiring proficiency in managing the six essential elements of a project – scope,
schedule, finance, risk, quality, and resources [3]. Project management specialists are often the
contact points for clients and customers and subsequently are in charge of appropriately
addressing points of concern in the projects. As highlighted in the Occupational Outlook
Handbook, some of the additional tasks necessary for the job include: communicating with
clients to determine project requirements and objectives, developing project plans to include
information such as funding, schedules, and staff, as well as selecting consultants to meet project
needs [1]. This job contains a typical work environment for the most part, with many working a
full-time schedule at 40 hours per week in a conventional office space. While some independent
work may be required, such as through traveling to clients’ workplaces, the vast majority of
project management is done collaboratively. In summary, the role combines hands-on project
oversight with client interaction, offering a dynamic career path option in the business field.

Sub-categories

Project management is an overarching term that encapsulates three distinct but interconnected
disciplines: Project Management, Program Management, and Portfolio Management [4]. In the
traditional Project Management role, the focus is on completing individual projects within set
timelines and budget constraints, utilizing various strategies to organize their respective teams.
Program Management involves the coordinated oversight of related projects in a way that
wouldn’t be as effective if completed individually. Portfolio Management extends to the
organization's entire collection of programs, projects, and operational work, with portfolio
managers collaborating with leaders to control approved work as a way of ensuring the smooth
running of operations [4]. Each subcategory presents unique challenges and responsibilities for
project managers operating within the diverse backgrounds of the positions.
Ariana Villa 2 January 24th, 2024

Required Education

Typically, aspiring project managers begin their journeys with an undergraduate background,
often revolving around a business-related field. While there isn't a strict prerequisite for a
specific degree, a foundation in business, management, or a related discipline is commonly
observed among successful project managers. High-level project managers frequently pursue the
Project Management Professional (PMP) certification, symbolizing not only several years of
hands-on experience but also the successful completion of a rigorous training course and
examination [5]. As with most careers, senior project management positions are given as
employees continue to gain experience and responsibilities. Qualities one should possess in this
position include analytical skills, communication skills, and problem-solving skills.

Salary

In 2022, data from the Occupational Outlook Handbook suggests that the median salary for
project managers was $95,370 [1]. Moreover, the lowest 10% of such positions earned less than
$52,000, while the highest earners averaged more than $159,150 [1]. Salaries in the field also
vary by industry, with some of the top ones including finance, manufacturing, and construction.

Job Outlook

The job outlook for project management specialists is very promising, with a projected growth of
6 percent from 2022 to 2032, outpacing the average for all occupations by double [1]. This
positive trajectory anticipates approximately 68,100 annual openings for project management
specialists over the decade. With an employment figure of 881,300 in 2022 and a projected
increase to 936,000 in 2032, the field of project management is expected to offer plenty of
opportunities for individuals looking to join the field [1].

Benefits

One can benefit greatly from project management’s versatility across industries, such as through
corporate work or freelancing [2]. This added sense of flexibility is connected to another key
advantage – the easy transferability of skills within the field, allowing seamless transitions
between industries should one switch around. These benefits make for relatively simple career
pivots.

Disadvantages

The world of project management comes with its set of challenges. The role demands the ability
to handle pressure, tight deadlines, and potential conflicts within project teams. Balancing
various projects at the same time can lead to increased stress levels, requiring patience and
effective time management. Furthermore, the success of a project manager is reliant on
establishing strong stakeholder relationships, yet managing diverse expectations can pose a
substantial challenge.
Ariana Villa 3 January 24th, 2024

What Draws Me to the Field

I'm interested in becoming a project manager because it aligns well with my love for leadership
and problem-solving, all while in a business context. Coordinating projects would allow me to
channel my strategic thinking and tackle challenges head-on. While the work can be demanding,
there's something incredibly satisfying about successfully guiding a project from start to finish.
This role not only resonates with my professional aspirations but also offers the kind of hands-on
and rewarding experiences I thrive on.
Ariana Villa 4 January 24th, 2024

Sources

[1] Bureau of Labor Statistics, U.S. Department of Labor. (2023, December 31). Occupational
Outlook Handbook: Project Management Specialists. https://www.bls.gov/ooh/business-and-
financial/project-management-specialists.htm

[2] Nieto-Rodriguez, A., & Khelifi, Y. (2021, December 27). Is Project Management the Right
Career for You? Harvard Business Review. https://hbr.org/2021/12/is-project-management-the-
right-career-for-you

[3] Association for Project Management. (n.d.). What does a project manager do?
https://www.apm.org.uk/jobs-and-careers/career-path/what-does-a-project-manager-do/

[4] Joubert, S. (2019, February 4). What Does a Project Manager Do? | Roles and
Responsibilities. Northeastern University Graduate Programs.
https://graduate.northeastern.edu/resources/project-manager-responsibilities/

[5] Rittenberg, J., & Bottorff, C. (2022, March 27). What Is A Project Manager, And What Do
They Do? Forbes Advisor. https://www.forbes.com/advisor/business/software/what-is-a-project-
manager/