As of June 01, 2026, the average salary for an IT Project Manager V in Illinois is $159,430 per year, which breaks down to an hourly rate of $77.
However, an IT Project Manager V's salary can vary significantly. Here’s a look at the typical salary range:
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IT Project Manager V Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $167,397 | $13,950 | $3,219 | $80 |
| Average | $159,430 | $13,286 | $3,066 | $77 |
| 25th Percentile | $149,716 | $12,476 | $2,879 | $72 |
Constellation Energy - South Clinton, IL
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Chestnut Health Systems - Bloomington, IL
An IT Project Manager V's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of an IT Project Manager V's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| IT Project Manager III | 4-7 years | $123,033 |
| IT Project Manager IV | 7+ years | $143,266 |
| IT Project Manager V | 7-10 years | $159,430 |
| IT Project Management and Delivery Supervisor | 10+ years | $124,801 |
| IT Project Management and Delivery Manager | 10+ years | $153,438 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract IT Project Manager Vs. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
IT Project Manager V salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $178,321. While startup companies pay approximate $150,806.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $150,806 |
| Growth Stage | 51~500 | $159,501 |
| Established | 501~5000 | $172,203 |
| Enterprise | 5000+ | $178,321 |
Understanding how an IT Project Manager V's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $167,397 | $13,950 | $3,219 | $80 |
| Average | $159,430 | $13,286 | $3,066 | $77 |
| 25th Percentile | $149,716 | $12,476 | $2,879 | $72 |
For an IT Project Manager V, the most direct path to higher earnings is advancing to the IT Project Management and Delivery Supervisor role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $124,801 - a projected growth of -22% over your current level.
Ready to take the next step in your career? Browse thousands of current IT Project Manager V job openings on our job board. Use the search bar below to find your perfect match.
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