How much does an Epic project manager earn?

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How much does an Epic project manager earn?

According to Salary.com, the average annual salary for an Epic Project Manager in the United States is approximately $116,765. This figure, however, can vary significantly based on factors such as experience, location, and the specific demands of the employer.

For those just starting in the field, entry-level positions offer a competitive starting salary of around $111,600, with potential increases as experience is gained. Mid-level managers with less than two years of experience can expect to earn approximately $112,711, while those with two to four years of experience see a rise to about $114,267. Senior Epic Project Managers, boasting five to eight years of experience, earn an average of $120,296, with those exceeding eight years of experience reaching up to $123,207.

While the financial rewards are substantial, the role of an Epic Project Manager is demanding, requiring the ability to manage complex projects, lead diverse teams, and deliver results in a dynamic environment.

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Table of Contents

  • Average Salary and Compensation Structure for Epic Project Managers
    • Base Salary Overview
    • Experience-Based Salary Variations
    • Geographic Salary Differences
    • Additional Compensation Components
    • Comparison with Other Tech Companies
    • Conclusion
  • Salary Variation by Experience and Location for Epic Project Managers
    • Experience-Based Salary Variations
    • Geographic Salary Differences
    • State-Specific Salary Insights
    • City-Specific Salary Insights
    • Salary Trends Over Time
    • Conclusion
  • Additional Benefits and Incentives for Epic Project Managers
    • Stock Options and Vesting Schedules
    • Performance Bonuses
    • Travel Opportunities and Expenses
    • Professional Development and Training
    • Work-Life Balance and Flexibility
    • Health and Wellness Benefits
    • Retirement Savings Plans
    • Employee Assistance Programs
    • Conclusion

Average Salary and Compensation Structure for Epic Project Managers

Base Salary Overview

Epic project managers in the United States earn a competitive salary that varies based on experience, location, and other factors. As of November 2024, the average annual salary for an Epic project manager is approximately $116,765. This figure represents the core compensation, excluding additional benefits and bonuses (Salary.com). The salary range for Epic project managers typically spans from $88,259 to $145,498, with most professionals earning between $101,844 and $131,805 annually (Salary.com).

Experience-Based Salary Variations

The salary of an Epic project manager is significantly influenced by their level of experience. Entry-level project managers with less than one year of experience can expect to earn around $111,600 annually. As they gain more experience, their salaries increase. For instance, those with 2-4 years of experience earn approximately $114,267, while senior project managers with 5-8 years of experience can earn about $120,296. Those with over eight years of experience see their salaries rise to an average of $123,207 (Salary.com).

In specific locations like Los Angeles, California, the salary for an entry-level Epic project manager starts at $124,322, increasing to $137,253 for those with over eight years of experience (Salary.com). Similarly, in New York, New York, entry-level salaries begin at $130,349, with experienced managers earning up to $143,906 (Salary.com).

Geographic Salary Differences

Geographic location plays a crucial role in determining the salary of an Epic project manager. For instance, in San Jose, California, Epic project managers earn the highest salaries, with an average annual pay of $146,542 (Salary.com). In contrast, states like Alabama offer lower average salaries, around $107,306 annually (Salary.com).

In New York City, the average salary for an Epic project manager is $136,383, with a range from $103,088 to $169,944 (Salary.com). These variations are often attributed to the cost of living, local economic conditions, and the presence of industry-specific opportunities in different regions.

Additional Compensation Components

Beyond the base salary, Epic project managers often receive additional compensation through bonuses and profit-sharing arrangements. Bonuses are typically linked to the company's performance and can significantly enhance the overall compensation package. Profit-sharing allows project managers to benefit from the company's success, providing a share of the profits as part of their income (Hive.com).

Epic also offers a robust benefits package that includes health insurance, retirement plans, wellness programs, and childcare arrangements. These benefits contribute to the overall compensation and can make a significant difference in the total earnings of a project manager (Hive.com).

Comparison with Other Tech Companies

When comparing the compensation of Epic project managers with those at other tech companies, it is essential to consider both the base salary and additional benefits. While companies like Google and Microsoft may offer higher base salaries, the overall compensation at Epic, including bonuses and profit-sharing, aligns closely with industry standards. Moreover, the cost of living in areas like Silicon Valley can offset the higher salaries offered by other tech giants (Hive.com).

Epic's compensation structure is designed to attract and retain talent by offering competitive salaries and comprehensive benefits. This approach ensures that project managers are not only financially rewarded but also supported in their professional growth and personal well-being.

Conclusion

The salary and compensation structure for Epic project managers is multifaceted, encompassing base salary, experience-based variations, geographic differences, and additional compensation components. By understanding these elements, prospective and current project managers can better assess their earning potential and make informed career decisions. The combination of competitive salaries, bonuses, profit-sharing, and benefits makes Epic an attractive employer for project managers seeking both financial and professional growth opportunities.

Salary Variation by Experience and Location for Epic Project Managers

Experience-Based Salary Variations

Epic Project Managers' salaries vary significantly based on their level of experience. According to Salary.com, as of November 01, 2024, an entry-level Epic Project Manager with less than one year of experience earns approximately $111,600 annually. This figure increases slightly for those with less than two years of experience, with a reported average salary of $112,711. As project managers gain more experience, their salaries continue to rise. For instance, those with 2-4 years of experience earn about $114,267 annually.

The salary growth is more pronounced for senior-level Epic Project Managers. Those with 5-8 years of experience can expect to earn around $120,296 per year. For professionals with over eight years of experience, the average salary reaches approximately $123,207. This progression highlights the value of experience in the field, as more seasoned project managers are likely to handle more complex projects and responsibilities, justifying higher compensation.

Geographic Salary Differences

The salary of an Epic Project Manager also varies significantly depending on the geographic location. Factors such as cost of living, local economic conditions, and the presence of relevant industries contribute to these differences. For example, as of November 01, 2024, the average annual salary for an Epic Project Manager in San Jose, CA, is $146,542, making it one of the highest-paying locations in the United States (Salary.com).

In contrast, the average salary in states like South Dakota and Mississippi is considerably lower, at $104,970 and $104,153, respectively. This disparity can be attributed to the lower cost of living and different economic conditions in these states. Other high-paying locations include San Francisco, CA, with an average salary of $145,958, and New York, NY, where Epic Project Managers earn an average of $136,383 annually (Salary.com).

State-Specific Salary Insights

The variation in salaries across different states is also noteworthy. For instance, in Washington, the average salary for an Epic Project Manager is $125,873, while in Texas, it is $114,312. States like Oregon and Rhode Island offer competitive salaries as well, with averages of $118,633 and $121,903, respectively (Salary.com).

On the other hand, states such as Alabama and Arkansas report lower average salaries, at $107,306 and $106,372, respectively. These figures reflect the broader economic conditions and industry presence in these regions, which can influence the demand and compensation for Epic Project Managers.

City-Specific Salary Insights

Within states, salaries can also vary significantly from city to city. For example, in California, while San Jose and San Francisco offer some of the highest salaries, other cities like Oakland also provide competitive compensation, with an average salary of $142,455. In New York, cities such as Queens Village and Paramus, NJ, offer salaries of $135,449 and $134,514, respectively (Salary.com).

These variations highlight the importance of considering specific city-level data when evaluating potential job opportunities, as urban centers often offer higher salaries due to increased living costs and greater demand for skilled professionals.

The salary trends for Epic Project Managers have shown some fluctuations over recent years. According to Salary.com, the median salary for Epic Project Managers has seen a slight decrease from $102,736 in 2023 to $102,439 in 2024. This trend may be influenced by various factors, including changes in industry demand, economic conditions, and shifts in the healthcare technology landscape.

Despite these fluctuations, the overall trend indicates a steady increase in salaries for experienced professionals, reflecting the growing importance of Epic systems in healthcare management and the need for skilled project managers to oversee their implementation and maintenance.

Conclusion

In summary, the salary of an Epic Project Manager is influenced by a combination of experience and geographic location. While entry-level positions offer competitive starting salaries, significant increases are observed as professionals gain more experience. Geographic location plays a crucial role, with substantial variations in salaries across different states and cities. Understanding these factors can help professionals make informed decisions about their career paths and potential job opportunities in the field of Epic project management.

Additional Benefits and Incentives for Epic Project Managers

Stock Options and Vesting Schedules

Epic Systems offers stock options as part of their compensation package for project managers. These options are subject to a vesting schedule, which is a common practice in the tech industry to incentivize long-term employment. At Epic, the main options are subject to a 5-year vesting schedule, with 20% of the options vesting each year. This means that an employee will fully own their stock options after five years of service. This vesting schedule is designed to encourage project managers to remain with the company for an extended period, aligning their interests with the company's long-term success (Levels.fyi).

Performance Bonuses

In addition to base salary and stock options, Epic project managers may receive performance bonuses. These bonuses are typically awarded based on the achievement of specific project milestones or overall company performance. While the exact figures for these bonuses are not publicly disclosed, they are a common component of compensation packages in the tech industry, providing additional financial incentives for project managers to meet or exceed their performance targets (Salary.com).

Travel Opportunities and Expenses

Epic project managers have the opportunity to travel extensively as part of their role. This travel is primarily related to the implementation of Epic's software solutions at healthcare facilities across the United States and internationally. The company covers travel expenses, which can include flights, accommodations, and meals. This benefit not only provides project managers with the chance to see new places and meet new people but also ensures that they are not financially burdened by the travel requirements of their job (Epic Careers).

Professional Development and Training

Epic places a strong emphasis on the professional development of its project managers. The company provides comprehensive training programs to ensure that project managers are well-equipped to handle the complexities of software implementation in healthcare settings. This training includes both initial onboarding and ongoing learning opportunities, allowing project managers to stay current with industry trends and best practices. Additionally, Epic assigns mentors and team leads to support project managers in their professional growth, fostering a culture of continuous improvement (Epic Careers).

Work-Life Balance and Flexibility

While the role of an Epic project manager can be demanding, the company strives to offer a work-life balance that accommodates the needs of its employees. This includes flexible work arrangements, such as remote work options and adjustable schedules, particularly in response to the COVID-19 pandemic. Epic's approach to work-life balance is designed to help project managers manage their professional responsibilities while maintaining personal well-being (Epic Careers).

Health and Wellness Benefits

Epic provides a comprehensive health and wellness benefits package to its project managers. This package typically includes medical, dental, and vision insurance, as well as access to wellness programs and resources. These benefits are designed to support the overall health and well-being of employees, ensuring that they have access to necessary healthcare services and can maintain a healthy lifestyle. The specifics of these benefits may vary based on location and employment status, but they are a key component of Epic's commitment to employee welfare (Epic Careers).

Retirement Savings Plans

Epic offers retirement savings plans to help project managers plan for their financial future. These plans often include a 401(k) with company matching contributions, allowing employees to save for retirement while benefiting from additional contributions from Epic. The company match is a significant incentive for project managers to participate in the retirement plan, as it effectively increases their total compensation package (Levels.fyi).

Employee Assistance Programs

Epic provides employee assistance programs (EAPs) to support the mental and emotional well-being of its project managers. These programs offer confidential counseling services, resources for managing stress, and support for personal and professional challenges. EAPs are an important benefit for employees, as they provide access to professional help and resources that can improve overall quality of life and job satisfaction (Epic Careers).

Conclusion

The additional benefits and incentives offered to Epic project managers are designed to enhance their overall compensation package and support their professional and personal well-being. From stock options and performance bonuses to travel opportunities and comprehensive health benefits, these incentives play a crucial role in attracting and retaining top talent in the competitive tech industry. By providing a range of benefits that address various aspects of an employee's life, Epic ensures that its project managers are well-supported and motivated to contribute to the company's success.

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