Program Managers are in charge of running all aspects of specific company initiatives and/or projects, so hiring Program Managers is vital to your company’s production and output. These can be internal programs, or special projects or services performed for a client. Program Managers must be familiar with and control all aspects of a particular project, including the budget, personnel, and timetable.
It’s important to note that this position is very different from a Project Manager. Project Managers are in charge of overseeing specific projects, such as a particular product rollout. A Program Manager would be in charge of controlling all aspects of production, including the product launch, marketing, and follow-up work required to increase market share and improve the product.
A Program Manager should be able to handle many different aspects of the project that he or she is assigned to. In order to meet this requirement, a Project Manager should have at least five years of industry experience, as well as experience with project management. Educational requirements typically include a Bachelor’s Degree in Business Administration, Management, Finance, or Engineering. At larger companies, Master’s degrees are preferred.
A typical Program Manager can make between $75,000 and $200,000. Salary is highly dependent on the company and location, however.