Project management entails more high-level planning, such as deciding on the project’s objectives and deliverables. In contrast, project coordination focuses on the daily chores necessary to keep a project operating successfully. A project coordinator focuses on the coordination aspect only. To keep the project going smoothly, a project coordinator undertakes administrative chores for the project manager and team members. Examples of this include managing deadlines and workflow, setting up meetings and appointments, and procuring supplies and equipment.
As long as we continue to grow and create innovative solutions, project management has high demand to bring those products to the larger population. Therefore, graduates and experienced professionals from various fields choose to become project management professionals. They can undertake an online course for Project Management along with the job to begin a career as a PMP professional.
What Does a Project Coordinator Do?
Project coordinators monitor day-to-day progress and handle the financial aspects of the project. They prepare a budget and carry out funding for each step. Under the direct supervision of project managers, they compile account details related to the project and report them to the management team.
They are responsible for assessing project funds’ utilization and giving feedback to the managers of different departments to modify their tasks for the better. They can also reallocate funds based on their technical knowledge of individual stages of the project.
What are the Factors Affecting Project Coordinators’ Salaries in India?
Position Type
Project coordinator jobs in India do not vary much as the responsibilities differ slightly across industries and the scales of the companies. They make a part of the project management team when the company or project values about multi-million dollars. In this setup, the project coordinator has assistant project coordinators who fulfil the tasks assigned by the project coordinator. At high positions, coordinators have project managers and management boards.
In contrast, small businesses hire project coordinators to handle the operations and budget of the project alone and report the progress to project managers and the management board. On average, an associate project coordinator salary in India is five lacs per year, while project coordinator payscale India is Rs 1.8 and 8.7 lacs per year.
Certifications
Project management roles, including project coordinator, entail high responsibilities, which demand knowledge in various aspects of a project. One’s success is not a lone metric of target achievement but also how he handles resources and manages time. Many years of experience in a technical position help professionals gain in-depth knowledge and the ability to comprehend a project.
However, a PMP needs specific technical skills, and PMP certifications are the best way to earn them. A certified professional can choose to freelance for many companies in need of additional managerial candidates. Freelancing project coordinator salary in India ranges between Rs 50,000 and 2,00,000 per annum. The project coordinator’s salary per hour in India may go up to Rs 200 per hour.
The average salary of project coordinator in India holding PMP certification is about 20% higher than that of a non-certified professional. The course introduces you to the tools and methods of project management. In addition, it offers benefits like Improvement of project management skills, which further adds value to the career profile. A project manager confers global recognition as PMP and helps build a network of project managers
Education
Project coordinator roles do not demand mainstream graduation in project management. Instead, a bachelor’s degree in industry-specific streams qualifies for the positions. A bachelor of engineering, science, or business administration is the minimum qualification required by companies that need project coordinators. Further, a master’s degree in a discipline is preferable for projects that require in-depth knowledge to deliver high-value products or services. Junior project coordinator salary in India immediately after graduation is about 3.2 LPA.
If you have experience in your field and want to take management roles, such as project coordinator, Project Management Professional (PMP) certification adds credibility to your endeavors. Certified project management professionals make more entry level project coordinator salary in India than those who rise to the position by experience alone. Candidates must take an exam conducted by the project management institute to become certified PMPs. PMP exam preparation course will provide a detailed study guide and assists candidates with their exam.
Experience Level and Number of Years in the Field/Profession
A project coordinator usually specializes in the financial aspects of projects. Project managers supervise the roles of project coordinators regarding the budget, funds, and expenditures.
The responsibilities include documenting unprecedented expenses or changes in funding or budgeting. Project coordinator reports financial updates to his manager and senior staff of the management team. Therefore, the project coordinator’s salary in India varies with years of experience.
| Experience in Years | Average Salary in rupees per year | Lowest Package | Highest Package |
|---|---|---|---|
|
1 |
2,60,000 |
1,20,000 |
5,20,000 |
|
2 |
3,00,000 |
1,60,000 |
6,00,000 |
|
3 |
3,40,000 |
1,80,000 |
6,50,000 |
|
4 |
3,60,000 |
2,00,000 |
7,20,000 |
|
5 |
4,00,000 |
2,20,000 |
8,00,000 |
|
6 |
4,30,000 |
2,30,000 |
8,90,000 |
|
7 |
4,80,000 |
2,40,000 |
10,50,000 |
|
8 |
5,00,000 |
2,40,000 |
11,00,000 |
|
9 |
5,30,000 |
2,60,000 |
12,00,000 |
|
10 |
5,20,000 |
2,40,000 |
12,30,000 |
|
11 |
6,00,000 |
2,40,000 |
13,70,000 |
|
12 |
5,50,000 |
1,70,000 |
13,30,000 |
Additional Skills and Abilities
The starting salary of project coordinator in India is 1.8 LPA, which increases over the years with experience gaining skills based on encounters of technical glitches. Employers require minimal management skills to handle a project. Some of them include:
- Documentation: Since project coordinators extensively handle the finance of projects, documentation to track monetary transactions at every stage of the project is crucial.
- Presentation: Projects that require a long time need timely reviews, and the data presentation is instrumental for funding in stages. Presentation skills play a crucial role in proving the credibility of the project.
- Communication Skills: As project coordinators constantly interact with all the departments involved in the project for updates regarding the project activities, effective communication skills are important.
- Team Management and Leadership: Project ownership helps lead a team of project management staff toward short- and long-term goals. hence a project manager should possess team management skills and leadership skills.
Industries With the Highest Average Salaries for Project Coordinators in India
1. Construction
The average salary of project coordinator in India in the construction industry is 6 LPA. It may vary between 1.5 and 12 LPA. The requirement for project management professionals in the industry is high due to the need to manage the workforce.
2. Information Technology
The average salary of the IT project coordinator is Rs 4,86,000, while the project coordinator salary for fresher in India is 2.1 LPA. Their responsibilities in the industry are procurement of necessary information services, devices, and resources in compliance with the budget resolution.
3. Energy
The average salary of project coordinators in India in power companies is 4.4 lacs and varies depending on their knowledge and experience in mechanical, electrical, and energy engineering. The associate project coordinator salary India in these power companies is also marked as the highest.
4. Finance
In the finance sector, project coordinator salary in India per month is Rs 30,000. The pay scale depends on in-depth insights into finance and business management rather than engineering.
5. Healthcare
The average money project coordinator make in India in healthcare is 3.4 lacs per year. The salary depends on the educational background in a related field, such as health management and pharmaceuticals.
Highest-paying Cities for Project Coordinators in India
Cities with high inputs in the IT sector are usually the highest-paid cities for project management in India. The city-wide break up for the salary is listed below:
| City | Average Annual salary in rupees | Lowest Package in rupees | Highest Package in rupees |
|---|---|---|---|
|
Bangalore |
4,40,000 |
2,10,000 |
9,00,000 |
|
Mumbai |
4,00,000 |
2,20,000 |
8,50,000 |
|
Pune |
4,00,000 |
2,10,000 |
8,70,000 |
|
Chennai |
3,80,000 |
2,00,000 |
8,00,000 |
|
New Delhi |
3,60,000 |
2,00,000 |
7,80,000 |
|
Kolkata |
3,50,000 |
1,50,000 |
6,50,000 |
Top Paying Industries for Project Coordinators in India
Each industry has a paying capacity depending on the demand and supply chain in the particular industry. Entry-level project coordinator salary in India depends on the basic technical skills of the candidates in the industry. On the other hand, a senior project coordinator salary in India depends on the ability to comprehend and tackle the issue throughout the project. While salaries vary across industries, ngo project coordinator salary in India ranges between 2.9 to 3.6 LPA. The following are the details of top-paying industries:
| Industry | Average salary per year in rupees | Lowest Package | Highest Package |
|---|---|---|---|
|
Advertising or public relations |
3,80,000 |
2,10,000 |
8,20,000 |
|
Agriculture companies |
3,50,000 |
1,60,000 |
7,60,000 |
|
Aviation, airlines, and aerospace |
3,40,000 |
1,50,000 |
15,00,000 |
|
Architecture and interior designs |
4,60,000 |
2,00,000 |
9,00,000 |
|
Automobiles |
4,80,000 |
2,00,000 |
13,20,000 |
|
Banking, insurance, and accounting |
4,00,000 |
1,40,000 |
9,20,000 |
|
Beauty and wellness |
4,20,000 |
1,80,000 |
8,00,000 |
|
Biotech and life sciences |
4,40,000 |
1,80,000 |
8,70,000 |
|
BPO or KPO |
3,80,000 |
2,10,000 |
7,10,000 |
|
Chemicals or Agri-input companies |
4,40,000 |
1,80,000 |
9,50,000 |
Top Paying Companies for Project Coordinators in India
Few companies are high on projects, and due to building projects, their paying capacities for project managers increase. In high-paying companies, project coordinator fresher salary in India is more than the lowest salary of senior-level PMPs A brief about top-paying companies and their salary allowances are given below:
| Company | Average salary per year in rupees | Lowest Package | Highest Package |
|---|---|---|---|
|
Maersk (4-13 years) |
11,10,000 |
7,60,000 |
15,00,000 |
|
National contracting company (3-15 years) |
11,00,000 |
5,20,000 |
24,00,000 |
|
EDAG production solutions (7-10 years) |
10,90,000 |
7,60,000 |
14,20,000 |
|
MAN energy solutions (9-15 years) |
10,70,000 |
8,00,000 |
13,20,000 |
|
Power finance corporation (8-13 years) |
10,30,000 |
9,90,000 |
11,00,000 |
|
Click labs (0-6 years) |
9,70,000 |
7,00,000 |
12,00,000 |
|
KEC International (2-13 years) |
9,30,000 |
4,10,000 |
18,50,000 |
|
Fujitsu (3-12 years) |
8,70,000 |
5,20,000 |
12,00,000 |
|
L&T Constructions (0-14 years) |
8,70,000 |
4,50,000 |
18,00,000 |
|
Zeta (2-5 years) |
8,60,000 |
7,00,000 |
11,30,000 |
Project Coordinator Salary Comparison by Gender in India
Male project coordinators earn about 15% more than female project coordinators make in India in the construction industry due to the higher requirement of workforce management. Another factor involved in the difference is time management. Project coordinators must make themselves available at uncertain timeframes, making it difficult for female professionals.
On the other hand, the difference is insignificant in different positions due to fixed work schedules. On average, a woman project coordinator working with Mahila Panchayat in India earns over INR 2,60,000-INR 3,00,000. Whereas men earn over INR 3,70,000 and more, based on their greater availability of handling field work compared to women.
Will Coordinator Salaries in India Improve in 2023?
India is shifting its gear to developing its infrastructure and expanding business, and every industry is creating new projects. In addition, the government of India extends its support through initiatives such as Atma Nirbhar Bharat. Hence, the demand for professionals and their salaries is increasing.
In addition, several companies are levelling up the values of their projects to create high-value products. It implies that the responsibilities are high on all the professionals contributing to the project. Consequently, the salary of project coordinators in India will improve in 2023.
How To Become a Project Coordinator?
The educational qualification for a project coordinator is a degree in business studies. However, other graduates, such as engineers, with relevant experience can become project coordinators through certifications that enhance the technical skills of project management. Further, specialization courses help fill the gaps in necessary skills.
Education: Many of the work responsibilities in this industry require a bachelor’s degree to be performed. Depending on where you intend to work, choose your study area. For instance, if you want to work for an information technology (IT) organization, you might obtain a bachelor’s degree in computer information systems. Database administration, operating systems, and programming are among the courses offered in this major.
Skills: Many employers seek project coordinators with a bachelor’s degree, two to five years of relevant job experience, and these qualifications. By seeking entry-level employment in a specific field, you could accumulate professional experience. For instance, ambitious project coordinators in the marketing sector may begin their careers as administrative support staff or account representatives. Besides, you should have excellent communication skills, proficiency in management and database software programs, etc.
Conclusion
Project management is for professionals who are passionate about creating something huge rather than working for money alone. Project coordinators significantly contribute to the successful conduction of a project, making it cost-effective. It’s a valued and highly-paid job, especially in the IT sector in India. Hence, a PMP professional needs certification to build his managerial abilities through courses. These certification courses help the PMP hone their managerial skills, which work as an asset for bigger companies. PRINCE2 Foundation and Practitioner certification training will help you improve your knowledge of project management methodologies.
Source link
