Is Program Management Being Diluted? The Real Scoop on Trends and Salaries

Program management has long stood as a cornerstone in the vast domain of corporate strategy, ensuring that complex, multi-faceted projects are executed smoothly. However, recent trends have ignited a debate: Is the esteemed role of the program manager being diluted?

The New Wave of Roles

We're seeing an increasing number of positions being advertised under the title of 'program' or 'project manager', which, upon closer inspection, might not fit the traditional scope of these roles. Anecdotal evidence, like the recruiter seeking a 'creative project manager' for duties resembling that of an executive assistant, can be startling.

Furthermore, when positions for project managers with 5+ years of experience and PMP certification are being offered salaries that are arguably below market rate, it's essential to scrutinize the trend.

Swiss Army Knife Syndrome

Program Managers have often been dubbed the "Swiss army knife" of organizations, wearing multiple hats and adapting to varying roles. Their versatility has sometimes been a double-edged sword. While it's a testament to their wide array of skills, it can also lead some companies to stretch the role thin, potentially veering into areas traditionally not associated with program management.

Economic Trends vs. Role Integrity

While there's a noticeable uptick in below-average salaries in some areas, this is less a commentary on the role's integrity and more an indicator of broader economic trends. Economic downturns or industry-specific slowdowns can temporarily saturate the market with talent, thereby driving down the average salary for certain roles.

However, history and data suggest this is cyclical. As per several labor market analyses, salary trends often rebound within a few quarters, especially when demand increases and hiring picks up pace. Economic downturns are, by nature, temporary, and the value of skilled program managers remains consistent in the long run.

Advice for Navigating the Current Landscape

1. Know Your Worth: Familiarize yourself with salary benchmarks using platforms like Glassdoor, Payscale, or the Project Management Institute (PMI) itself. Data from these platforms showcases the true market value of program managers based on skills, experience, and geography.

2. Upskill: Consider this a chance to upskill. Delve into niche areas of program management or adjacent domains to make your profile stand out. Certifications, courses, or workshops can give you an edge.

3. Network: Engage in networking events, webinars, and seminars. Connecting with industry peers and veterans can provide insights, mentorship, and potentially, leads to better opportunities.

4. Consider 'Gap' Roles Strategically: If you're contemplating accepting a below-average salary, see it as a 'gap' role. Such roles can be a strategic move to keep your skills honed and maintain continuity in your resume. Once the market recovers, leverage your experience for a higher-paying position.

5. Advocate for the Role: The onus is also on seasoned program managers to educate potential employers about the full scope and value of what they bring to the table. This advocacy not only benefits individual careers but also preserves the integrity of the role for future professionals.

Conclusion

While there may be instances that cause concern, the core of program management remains robust and vital. Economic ebb and flow can momentarily impact perceived value, but the intrinsic worth of a skilled program manager persists. By staying informed, strategically navigating the landscape, and continuously upskilling, program managers can weather any temporary downturns and emerge even stronger on the other side.