Project Manager Salary in London
Official ONS earnings for London, covering 65,000 jobs.
Median salary — London
£67,915
gross, per year, all employees
▲ 8.7% change on the previous year
Mean
—
Jobs measured
65,000
What a typical project manager takes home
On the median of £67,915, 2026/27 tax year, England, Wales and Northern Ireland rates, no pension or student loan.
Take-home a month
£4,162
Take-home a year
£49,948
Income Tax
£14,598
National Insurance
£3,369
What most project managers actually earn
Half of project managers in London earn between £50,098 and £88,042. Earning above £88,042 puts you in the top quarter of the profession.
ONS suppresses the detailed spread for this occupation at regional level, so this range describes the wider “Business and Financial Project Management Professionals” group in London.
The full pay range
Each bar is the salary at that percentile — the 25th means a quarter of project managers earn less than this.
How London ranks for project manager pay
1st
of 6 GB regions with a published figure
London pays project managers more than anywhere else ONS measures — £15,893 above Yorkshire and The Humber, the lowest of the 6.
Ranking compares published regional medians for the same occupation. It says nothing about cost of living — a higher median doesn't survive contact with rent. The cost of living calculator is the honest next step.
Where this figure comes from
- ONS occupation group
- Business and financial project management professionals
- SOC 2020 code
- 2440
- Measure
- Gross annual pay, all employees
- Edition
- ONS Annual Survey of Hours and Earnings, 2025 provisional
ONS doesn't measure “project manager” as its own category. These figures are for the wider group “Business and financial project management professionals”, which includes this role alongside others. ONS measures business and financial project management professionals.
Source: Office for National Statistics, Annual Survey of Hours and Earnings. Contains public sector information licensed under the Open Government Licence v3.0. Figures are estimates from a survey of PAYE jobs and are not financial advice.
Project Manager salary FAQs
What is the average Project Manager salary in London?
The median is £67,915 a year and the mean is —, according to the ONS Annual Survey of Hours and Earnings. Those cover all employees; ASHE publishes no full-time split at regional level.
How much does a project manager earn per hour?
Across the UK the median hourly rate is £29.56 excluding overtime, or £30.16 for full-time employees. ASHE publishes hourly pay by occupation nationally only, so there is no separate rate for London.
What is a good Project Manager salary?
Half of project managers earn between £50,098 and £88,042. Anything above £88,042 is in the top quarter for the role.
What is the starting salary for a project manager?
ASHE does not record experience, so there is no official starting salary. What it does show is that the lowest-paid 10% of project managers earn under £37,648 and the lowest quarter under £50,098 — the range a new entrant is most likely to be offered.
Do project managers in London earn more than the UK average?
The median in London is £67,915 against £57,874 across the UK, 17.3% higher, which places it 1st highest of the 6 GB regions with a precise estimate.
Has project manager pay gone up in the last year?
ASHE puts the year-on-year change in the median at +8.7% for this occupation in London. That compares the latest survey with the one before it and is not adjusted for inflation.
How many project managers are there in London?
ASHE counts around 65,000 employee jobs in “Business and financial project management professionals” (SOC 2440) in London. Self-employed work is not included.
Is this figure official?
Yes. It comes from the ONS Annual Survey of Hours and Earnings, an accredited official statistic based on employer PAYE records.
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