As of 2014, contractors earn an average of $82,790 per year, or $39.80 per hour. Actual salary varies based upon employment location, job title and experience level.
General contractors, also referred to as construction managers or project managers, typically require an associate's or bachelor's degree in construction management, construction technology, engineering or architecture. State licensing and/or certification is required for employment. Job responsibilities include preparing construction budgets, collaborating with construction specialists, overseeing project development and reporting progress to clients. Employment opportunities are projected to expand by 16 percent between 2012 and 2022, which breaks down to nearly 80,000 new jobs.