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As of August 01, 2026, the average salary for an Innovation Project Manager in Illinois is $152,776 per year, which breaks down to an hourly rate of $73.
However, an Innovation Project Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Innovation Project Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $163,255 | $13,605 | $3,140 | $78 |
| Average | $152,776 | $12,731 | $2,938 | $73 |
| 25th Percentile | $141,575 | $11,798 | $2,723 | $68 |
Carle Health - Urbana, IL
BUILDRITE LLC - Chicago, IL
Gotion Inc. - Manteno, IL
GH Engage - Chicago, IL
An Innovation Project Manager'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 Innovation Project Manager'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:
| Levels | Salary |
|---|---|
| Product M... Level Innovation Project Manager | $211,283 |
| Product M... Level Innovation Project Manager | $133,483 |
| Innovatio... Level Innovation Project Manager | $152,005 |
| Product M... Level Innovation Project Manager | $178,386 |
| Product M... Level Innovation Project Manager | $230,367 |
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 Innovation Project Managers. 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:
For Innovation Project Manager roles, the industry you choose can affect earning potential by as much as 80% (the gap between the highest and lowest paying industries). Data shows that the Pharmaceuticals and Biotechnology sectors offer the strongest compensation, at 45% above the average. In contrast, Innovation Project Manager positions in Transportation or Retail & Wholesale typically offer lower base pay, as these industries often view Innovation Project Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Pharmaceuticals | $221,525 | $107.0 | 45% |
| Biotechnology | $213,886 | $103.0 | 40% |
| Financial Services | $206,247 | $99.0 | 35% |
| Energy & Utilities | $190,970 | $92.0 | 25% |
| Aerospace & Defense | $183,331 | $88.0 | 20% |
Understanding how an Innovation Project Manager'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 | $163,255 | $13,605 | $3,140 | $78 |
| Average | $152,776 | $12,731 | $2,938 | $73 |
| 25th Percentile | $141,575 | $11,798 | $2,723 | $68 |
Ready to take the next step in your career? Browse thousands of current Innovation Project Manager job openings on our job board. Use the search bar below to find your perfect match.
Akkodis
Oakbrook Terrace, IL
Akkodis | Oakbrook Terrace, IL
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Mokena, IL
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Chicago, IL
Strata Decision Technology | Chicago, IL
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Pyramid Consulting
Chicago, IL
Pyramid Consulting | Chicago, IL
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S&C Electric
Chicago, IL
S&C Electric | Chicago, IL
Project ManagerAs an S&C Electric Canada team member, you'll work on tasks and projects that have real-world impact. You'll help transform the grid for res... more
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Staffing the Universe
Schaumburg, IL
Staffing the Universe | Schaumburg, IL
Project ManagerUS Citizens/Green Cards who are local to Chicago. 3 days onsite hybrid model. Location:Schaumburg, IL Duration:6 MonthsThe ask is for a mana... more
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