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Excellent employment opportunities for construction managers are expected through 2010 because the number of job openings arising from job growth and replacement needs is expected to exceed the number of qualified managers seeking to enter the
occupation.
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Excellent employment opportunities for construction managers are expected through 2010 because the number of job openings arising from job growth and replacement needs is expected to exceed the number of qualified managers seeking to enter the occupation. Because the construction industry often is seen as having dirty, strenuous, and hazardous working conditions, even for managers, many potential managers choose other types of careers.
The increasing complexity of construction projects should boost demand for management-level personnel within the construction industry, as sophisticated technology and the proliferation of laws setting standards for buildings and construction materials, worker safety, energy efficiency, and environmental protection have further complicated the construction process. Advances in building materials and construction methods; the need to replace much of the Nation's infrastructure; and the growing number of multipurpose buildings, electronically operated "smart" buildings, and energy-efficient structures will further add to the demand for more construction managers.
Earnings of salaried construction managers and self-employed independent construction contractors vary depending upon the size and nature of the construction project, its geographic location, and economic conditions. In addition to typical benefits, many salaried construction managers receive benefits such as bonuses and use of company motor vehicles.
Median annual earnings of construction managers in 2000 were $58,250. The middle 50 percent earned between $44,710 and $76,510. The lowest 10 percent earned less than $34,820, and the highest 10 percent earned more than $102,860. Median annual earnings in the industries employing the largest numbers of managers in 2000 were:
Electrical work $60,300
Nonresidential building construction 59,470
Plumbing, heating, and air-conditioning 58,500
Heavy construction, except highway 57,280
Residential building construction 53,510
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Growth of the construction industry, in which half of all cost estimators are employed, will be the driving force behind the demand for these workers. Construction and repair of highways and streets, bridges, and construction of more subway systems, airports, water and sewage systems, and electric power plants and transmission lines will stimulate demand for many more cost estimators. The increasing population and its changing demographics that will increase the demand for residential construction and remodeling also will spur demand for cost estimators. As the population ages, the demand for nursing and extended care facilities will increase. School construction and repair also will add to the demand for cost estimators. Job prospects in construction should be best for cost estimators with a degree in construction management or construction science, engineering, or architecture who have practical experience in various phases of construction or in a specialty craft area.
Salaries of cost estimators vary widely by experience, education, size of firm, and industry. Median annual earnings of cost estimators in 2000 were $45,800. The middle 50 percent earned between $35,040 and $59,410. The lowest 10 percent earned less than $27,710, and the highest 10 percent earned more than $75,460. Median annual earnings in the industries employing the largest numbers of cost estimators in 2000 were:
Nonresidential building construction $50,930
Electrical work 49,630
Plumbing, heating, and air-conditioning 47,680
Residential building construction 46,360
Miscellaneous special trade contractors 45,740
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above data is from the Bureau's Office of Occupational Statistics and Employment Projections.
Earnings data from the Bureau of Labor Statistics and, in some cases, from outside sources are included. Data may cover the entire occupation or a specific group within the occupation. |
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