Industrial Production Manager: Average Salary
An industrial production manager is in charge of a manufacturing or industrial organization's production process, assuring efficient operation, high-quality output, and timely delivery of goods. They oversee the work of the production staff, oversee the use of funds and resources, carry out quality control procedures, and decide on the best methods and tools for production.
The average salary for an industrial production manager can vary greatly depending on factors such as the industry, the size of the company, location, and the individual's level of education and experience.
According to data from the U.S. Bureau of Labor Statistics, the median annual wage for industrial production managers was $105,480 in May 2020. The lowest 10 percent earned less than $62,610, and the highest 10 percent earned more than $160,300.
In addition to base salaries, many industrial production managers may also receive benefits such as health insurance, retirement plans, and paid time off. Some may also be eligible for bonuses or performance-based incentives.
Ultimately, the salary for an industrial production manager will depend on a number of factors, and individuals will need to research salaries in their specific industries and locations to get a more accurate estimate.
How do salaries vary based on location?
Salaries for industrial production managers can vary based on location, with salaries generally being higher in areas with a higher cost of living and lower in areas with a lower cost of living. Other factors that can impact salaries in different locations include the local labor market conditions and the demand for industrial production managers in the area.
Here are a few examples of average salaries for industrial production managers in different locations, based on data from the U.S. Bureau of Labor Statistics and other sources:
- San Francisco, CA: $126,000
- New York, NY: $117,000
- Dallas, TX: $96,000
- Atlanta, GA: $94,000
- Chicago, IL: $115,000
These are just a few examples, and salaries can vary greatly within each metropolitan area based on factors such as the size of the company, the industry, and the individual's level of education and experience. To get a more accurate estimate of what industrial production managers in your area may earn, it is best to research salaries on websites such as Bureau of Labor Statistics, which provide data on salaries in specific regions and cities.
How do salaries vary based on the industry?
Salaries for industrial production managers can vary based on the industry in which they work, with some industries offering higher salaries than others. Factors that can impact salaries in different industries include the size of the industry, the demand for industrial production managers, and the nature of the work involved.
Here are a few examples of average salaries for industrial production managers in different industries, based on data from the U.S. Bureau of Labor Statistics and other sources:
- Manufacturing of computer and electronic products: $123,000
- Machinery manufacturing: $115,000
- Chemical manufacturing: $112,000
- Food manufacturing: $105,000
- Fabricated metal product manufacturing: $102,000
So, a manufacturing or industrial organization's production process is managed by an industrial production manager. According to the U.S. Bureau of Labor Statistics, the median annual salary for industrial production managers was $105,480. Location has a big impact on earnings, with greater compensation offered in locations with higher cost of living. Based on variables including the size of the firm, the industry, and the amount of education and experience of the individual, salaries can differ significantly within each metropolitan region. The state of the local labor market and the demand for industrial production managers are other variables that may affect compensation in various places.