How much money do Construction Managers make?
One of the questions that typically comes up when discussing potential career paths in construction management is – how much does it pay? The following link from the U.S. Department of Labor answers this question as follows:
“Earnings of salaried construction managers and self-employed independent construction contractors vary depending upon the size and nature of the construction project, its geographic location, and economic conditions. In addition to typical benefits, many salaried construction managers receive benefits such as bonuses and use of company motor vehicles.
Median annual earnings of construction managers in May 2004 were $69,870. The middle 50 percent earned between $53,430 and $92,350. The lowest paid 10 percent earned less than $42,120, and the highest paid 10 percent earned more than $126,330.
According to a July 2005 salary survey by the National Association of Colleges and Employers, candidates with a bachelor’s degree in construction science/management received job offers averaging $42,923 a year.”
As mentioned above, the entry-level salaries for construction managers can (and do) vary greatly according to size of firm, geographic location, and type of construction work.