PMP Salaries by country – Purchasing Power View

    Project Management Salaries Survey

    PMI conducts Project Management salary survey from time to time. It is a worldwide survey about the salaries of professionals working in the area of project management. The latest available survey was done in 2018. It was released as Project Management Salary Survey 10th edition. Survey had 33,000 Project Management Professionals responses from 37 different countries. PMI Project Management Salary Survey 11th edition is currently underway.

    What is this Purchasing Power ?

    Please go through this post on Purchasing power of your salary for detailed understanding.

    PMI Project Management Salaries by country – at exchange rate

    According to this report the 10th PMI Project Management Salary survey, the top 5 countries, where Project Management Professionals reported the Highest salaries (Median salary) are below – Local currency is converted to United States Dollar (USD) based on currency exchange rate.

    1. Switzerland – 130,000 Swiss Francs = 130,966 USD
    2. United States – 112,000 USD
    3. Australia – 142,000 AUD = 108,593 USD
    4. Germany – 82,000 EUR = 88,449 USD
    5. Netherlands – 80,000 = 86,292 USD

    At the same time, the bottom 5 countries where Project Management Professionals reported the least salaries (Median salary) are below – Local currency is converted to United States Dollar (USD) based on currency exchange rate.

    1. Malaysia – 133,000 MYR = 30,015 USD
    2. China – 200,000 CNY = 29,040 USD
    3. India – 1,700,000 INR = 25,959 USD
    4. Nigeria – 6,739,092 NGN = 21,498 USD
    5. Egypt – 184,200 EGP = 10,159 USD

    Below is the list of all the surveyed countries with the Annualized Median Salaries that Project Management Professional reported.

    Country Annual highest median Salary
    (in Local Currency)
    Annual highest median Salary
    (in USD) at Exchange rate
    1 Switzerland 130000 CHF $130,966
    2 United States 112000 USD $112,000
    3 Australia 142000 AUD $108,593
    4 Germany 82000 EUR $88,449
    5 Netherlands 80000 EUR $86,292
    6 United Arab Emirates 312000 AED $84,930
    7 New Zealand 120000 NZD $84,480
    8 Qatar 300000 QAR $82,314
    9 United Kingdom 65000 GBP $81,227
    10 Belgium 72346 EUR $78,035
    11 Ireland 70000 EUR $75,506
    12 Hong Kong 576000 HKD $74,160
    13 Sweden 650000 SEK $73,769
    14 Canada 98000 CAD $73,495
    15 South Africa 900000 ZAR $71,802
    16 Singapore 95000 SGD $67,875
    17 Saudi Arabia 240000 SAR $63,979
    18 Japan 7000000 JPY $62,930
    19 France 58000 EUR $62,562
    20 South Korea 70000000 KRW $62,300
    21 Italy 50000 EUR $53,933
    22 Chile 34000000 CLP $51,340
    23 Spain 45000 EUR $48,539
    24 Brazil 140000 BRL $45,114
    25 Poland 159013 PLN $40,117
    26 Costa Rica 22080000 CRC $38,640
    27 Peru 119000 PEN $36,244
    28 Ecuador 35000 USD $35,000
    29 Mexico 663323 MXN $34,904
    30 Turkey 120000 TRY $33,130
    31 Colombia 90000000 COP $30,600
    32 Malaysia 133000 MYR $30,015
    33 China 200000 CNY $29,040
    34 India 1700000 INR $25,959
    35 Nigeria 6739092 NGN $21,498
    36 Egypt 184200 EGP $10,159

    Now, The above ranking is done based on the exchange rate of the local currency with respect to the USD.

    Now, we shall look at an alternate view. The Purchasing Power Parity View.

    Click on the link to go understand what Purchasing power is.

    Example from the project management salaries listed above

    The annualized median salary of Project Management Professional in India is 1,700,000 INR.

    Purchasing power Parity rate of 1,700,000 INR with respect to USD = 96,045 USD. (this is calculated based on The latest available PPP values of 2017 from OECD.)

    It means the Purchasing power of 1,700,000 INR is equal to the purchasing power of 96,045 USD, i.e.. In United States, 96,045 USD will allow you to buy the same things you’d buy with 1,700,000 INR in India.

    But the value of 1,700,000 INR calculated in terms of exchange rate is 25,959 USD, which is much less than the purchasing power of 96,045 USD.

    Another Example:

    The annualized median salary of Project Management Professional in Australia is 142,000 AUD.

    Purchasing power Parity rate of 142,000 AUD with respect to USD = 101,428 USD

    It means the Purchasing power of 142,000 AUD is equal to the purchasing power of 101,428 USD, i.e.. In United States, 101,428 USD will allow you to buy the same things you’d buy with 142,000 AUD in Australia.

    But the value of 142,000 AUD calculated in terms of exchange rate is 108,593 USD, which is more than the actual puchasing power of 101,428 USD.

    PMI Project Management Salaries by country – at Purchasing Power Parity

    The top 5 countries where Project Management Professionals reported the Highest salaries (Median salary) are  below – Local currency is converted to United States Dollar (USD) based on Purchasing Power Parity (PPP).:

    1. Saudi Arabia – 240,000 SAR = 63,979 USD (at exchange rate) = 171,429 USD (at PPP)
    2. South Africa – 900,000 ZAR = 71,802 USD (at exchange rate) = 147,541 USD (at PPP)
    3. United States – 112,000 USD
    4. United Arab Emirates – 312,000 AED = 84,930 USD (at exchange rate) = 111,032 USD (at PPP)
    5. Switzerland – 130,000 CHF = 130,966 USD (at exchange rate) = 108,333 USD (at PPP)

    The bottom 5 countries where Project Management Professionals reported the Highest salaries (Median salary) are  below – Local currency is converted to United States Dollar (USD) based on Purchasing Power Parity (PPP).:

    1. Egypt – 184,200 EGP = 10,159 USD (at exchange rate) = 68,222 USD (at PPP)
    2. China – 200,000 CNY = 29,040 USD (at exchange rate) = 57,143 USD (at PPP)
    3. Costa Rica – 22,080,000 CRC = 38,640 USD (at exchange rate) = 56,514 USD (at PPP)
    4. Nigeria – 6,739,092 NGN = 21,498 USD (at exchange rate) = 54,493 USD (at PPP)
    5. Ecuador – 35,000 USD
    Country Annual highest median Salary
    (in Local Currency)
    Annual highest median Salary
    (in USD)
    at exchange rate
    Annual highest median Salary
    (in USD)
    at PPP
    1 Saudi Arabia 240000 SAR $63,979 $171429
    2 South Africa 900000 ZAR $71,802 $147541
    3 United States 112000 USD $112,000 $112000
    4 United Arab Emirates 312000 AED $84,930 $111032
    5 Switzerland 130000 CHF $130,966 $108333
    6 Qatar 300000 QAR $82,314 $106762
    7 Germany 82000 EUR $88,449 $102500
    8 Australia 142000 AUD $108,593 $101429
    9 Netherlands 80000 EUR $86,292 $100000
    10 India 1700000 INR $25,959 $96045
    11 United Kingdom 65000 GBP $81,227 $92857
    12 Belgium 72346 EUR $78,035 $90433
    13 Hong Kong 576000 HKD $74,160 $89302
    14 Poland 159013 PLN $40,117 $88341
    15 Ireland 70000 EUR $75,506 $87500
    16 Turkey 120000 TRY $33,130 $85714
    17 Chile 34000000 CLP $51,340 $84493
    18 Singapore 95000 SGD $67,875 $81197
    19 South Korea 70000000 KRW $62,300 $80831
    20 Malaysia 133000 MYR $30,015 $80120
    21 New Zealand 120000 NZD $84,480 $80000
    22 Canada 98000 CAD $73,495 $75385
    23 Spain 45000 EUR $48,539 $75000
    24 Peru 119000 PEN $36,244 $74375
    25 Mexico 663323 MXN $34,904 $73703
    26 Sweden 650000 SEK $73,769 $73034
    27 France 58000 EUR $62,562 $72500
    28 Italy 50000 EUR $53,933 $71429
    29 Colombia 90000000 COP $30,600 $70423
    30 Brazil 140000 BRL $45,114 $70000
    31 Japan 7000000 JPY $62,930 $68293
    32 Egypt 184200 EGP $10,159 $68222
    33 China 200000 CNY $29,040 $57143
    34 Costa Rica 22080000 CRC $38,640 $56514
    35 Nigeria 6739092 NGN $21,498 $54493
    36 Ecuador 35000 USD $35,000 $35000

     

     

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