IT Project Manager Salaries - static for 10 years?

[M@H]

Hi All,

Just an obserrvation really, but I have just been sent one of the many speculative emails a get from recruiters every day as follows:

agency said:

Role: Project Manager
No of roles: 1
Exp: 10 yrs
Location: Milton Keynes, UK
Salary Range: 40K

Essential skill:

Ø Project management exp implementing Dataware house based application
Ø Exp with managing more than one work streams
Ø Exp with co-ordinating upgrade for Hardware and Infrastructure for the project
Ø Good exposure with ETL processes and creation of daily, monthly job schedule
Ø Excellent communication and strong stakeholder management

..and apart from the awful grammar it struck me that all the permie PM roles I see these days are in the 40-50k bracket, even in London.

Now I left permie PM'ing behind seven years ago with a salary of £45k which I had been on for a couple of years and it seems that rates are basically just where they were back then - is it me !?

Every once in a while I think about settling back into a comfy permanent role but financially it looks pointless at present.

Cheers,
Matt.

[R12HCO]

Its not just your area of work. I work with people whos hourley rate was more 15 years ago than it is today doing the same job. I think there is only so much it can grow untill a ceiling price is met (so to speak).

[M@H]

So in real terms, it was better in them days

I wonder what £40k in 2000 is actually "worth" today...? £35-37k?

[worsy]

M@H said:

So in real terms, it was better in them days

I wonder what £40k in 2000 is actually "worth" today...? £35-37k?

http://www.bankofengland.co.uk/education/inflation/calculator/flash/index.htm

40k in 2010 was worth 30470 in 2000

40k in 2000 was worth 52509 in 2010

[M@H]

..that's quite depressing


(many thanks for the figures though)

[oyster]

M@H said:

..and apart from the awful grammar it struck me that all the permie PM roles I see these days are in the 40-50k bracket, even in London.

Now I left permie PM'ing behind seven years ago with a salary of £45k which I had been on for a couple of years and it seems that rates are basically just where they were back then - is it me !?

Every once in a while I think about settling back into a comfy permanent role but financially it looks pointless at present.

Cheers,
Matt.

From what I see, the more senior PMs on the higher salaries are not usually permies. Or if they are, it is for consultancies rather than end clients.