Contractors, also called construction managers, are the general overseers of both large and small building projects. The Contractor plans the budget for the project, hires subcontractors to complete smaller jobs, creates and meets deadlines according to a timetable, complies with local building regulations and ensures that the person paying for the construction is happy with the process. While it is certainly a construction-focused career, it is equally important for Contractors to be great leaders, motivators and managers.
Contractor Educational Requirements
Although there is no requirement that Contractors have a college degree, most successful individuals in this field hold a four-year bachelor's degree. Some of the majors that will prepare aspiring Contractors for the position might include construction science, architecture, building science or construction management. However, experience and registration within the state of employment are also vital when it comes to being hired as a commercial or residential Contractor.
Contractor Job Market Outlook
Currently, the number of Contractors and construction managers is predicted to grow by 16 percent over the next decade. That percentage is faster than average for careers in the current job market. This is good news for anyone planning to enroll in a relevant degree program and pursue a career as a Contractor in the future as it ensures a less competitive hiring landscape and potentially greater earning potential. Similar positions would include General Contractor positions.
Contractors earn substantially different salaries depending on where in the country they work, the cost of living in the region and the amount of new construction in the immediate area. Other factors influencing salary are the education, specialty and experience of the individual Contractor. On average, however, construction managers and Contractors in the United States command median salaries of $82,790 annually. The highest wages in the industry go to those Contractors in heavy and civil engineering projects rather than general construction or specialty trades.