Average Salary With a Construction Management Degree
With a degree in construction management, you can work in one of the largest industries in the world planning, coordinating, budgeting, and implementing construction projects like bridges, roads, commercial buildings, homes, and more. You don’t need a degree to get started in the construction industry, but with a construction management education, you can qualify for better jobs and, in turn, make more money. How much more? Let’s take a look at the average salary you can expect with a construction management degree.
Base Salary with a Construction Management Degree
According to the Bureau of Labor Statistics, the average salary you can expect with a degree in this field is $94,240, or just over $43 per hour if you’re paid on an hourly basis instead of by salary. Most people in this industry make between $64,070 and $112,630, with the top ten percent earning over $150,000 annually. Keep in mind that over sixty percent of people in this industry work for themselves as small business owners, though, so when it comes to earning potential, the sky is the limit. Some contractors with larger teams make millions of dollars every year.
Remember, your benefits package should also be considered when comparing career options in this field. While you can sometimes make more money working for yourself, as someone who is self-employed you won’t get the same perks that come with a salaried position, like paid health insurance and vacation days.
Salary by Location
In this industry, your location plays a huge role in the salary you can expect. This is the case in most fields, but in the construction industry, it is especially true, since the real estate market varies from location to location and great affects earning potential. The top states for construction managment workers, in terms of highest salary amounts, are as follows:
- New York: $131,800
- Rhode Island: $130,140
- New Jersey: $123,350
- Alaska: $113,010
- California: $110,410
Jobs in cities generally pay more than jobs in more rural areas. The top metropolitan areas for contraction managers include Nassau-Suffolk in New York, New York City, Edison-New Brunswick in New Jersey, Elmira in New York, and Yakima in Washington. Want to live somewhere more rural? Check out Southwestern Alaska, Central New York, Western Washington, and Eastern Georgia, which are all locations where you can earn six-figure salaries with a degree in construction management.
