As of April 01, 2025, the average annual salary for an IT Project Manager V in Richmond, VA is $164,903. Salary.com reports that pay typically ranges from $151,840 to $178,509, with most professionals earning between $139,946 and $190,897.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $183,425 | $15,285 | $3,527 | $88 |
| Average | $169,445 | $14,120 | $3,259 | $81 |
| 25th Percentile | $156,021 | $13,002 | $3,000 | $75 |
An entry-level IT Project Manager V with under 1 year experience makes about $157,184. With less than 2 years of experience, a mid-level IT Project Manager V makes around $158,147. After 2-4 years, the IT Project Manager V pay rises to about $159,109. Those senior IT Project Manager V with 5-8 years of experience earn roughly $161,034, and those IT Project Manager V having 8 years or more experience are expected to earn about $162,959 on average.
| Levels | Salary |
|---|---|
| Entry Level IT Project Manager V | $157,184 |
| Intermediate Level IT Project Manager V | $158,147 |
| Senior Level IT Project Manager V | $159,109 |
| Specialist Level IT Project Manager V | $161,034 |
| Expert Level IT Project Manager V | $162,959 |
| Entry Level | 7% |
| Mid Level | 7% |
| Senior Level | 6% |
| Top Level | 5% |
| Experienced | 4% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Project Management: Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters. Project management has final deliverables that are constrained to a finite timescale and budget.
Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
Business Administration: It is the management of all aspects of a business's performance, decisions, and organization. It includes the day to day operations, aspects including finances and human resources, and ensures the company stays aligned to the goal or mission.
| Skill | Salary | Demand |
|---|---|---|
|
Application Development
|
$179,745 |
9%
|
|
IT Infrastructure
|
$179,745 |
9%
|
|
Decision Making
|
$178,096 |
8%
|
|
Process Improvement
|
$178,096 |
8%
|
|
Business Requirements
|
$178,096 |
8%
|
|
SDLC
|
$178,096 |
8%
|
