Project managers play a crucial role in any business. They are responsible for planning and executing projects. There is a possibility for advancement into even better-paying roles in this well-paying profession.
It’s a good idea to consider earning a project management certification to accelerate your career as a project manager. Learn how to get PMP certification and guide to advancing project management career with PMP certification.
PMP is a well-known, top-ranked certification in project management all around the world. The PMP certification confirms that candidates have all the essential project leadership skills that companies look for in the role of project manager.
Those who pass the exam for project management certification and earn a PMP certification gain a number of benefits and one of the benefits often includes a significant upsurge in salary.
A PMP certification increases candidates’ career opportunities in their present or future positions and boosts their career growth.
Before analyzing salary with PMP certification, let us see the benefits that come with the certification.
Benefits to get PMP® Certified
Now let us have a glance at the eligibility for pursuing PMP certification.
To obtain PMP certification, the candidate has to fulfill certain education and experience criteria, followed by an exam conducted by PMI.
The following are the basic eligibility criteria to pursue a PMP certification program:
-Candidate must hold a bachelor’s degree of 4 years or a diploma from high school.
-Candidates must have three years of experience in project management.
-Candidates should have 35 hours of education/training in project management or CAPM certification and 4500 hours of leading and directing projects for graduates and 7500 hours for diploma holders.
PMP provides global professional recognition, and one who holds a certification in PMP definitely earns a higher average salary. With PMP certification, aspirants acquire certain skills to perform the role of a project manager in the industry.
Here are some of the key skills and knowledge areas covered in the PMP certification course:
The skills acquired with PMP certification helps is gaining hard skills and soft skills, both of which are required to carry out functionality in the fields of project management and business management.
These skills ultimately help PMP holders earn a higher salary than non-PMP holders in their field.
The very first question that comes into the mind of an aspiring project manager is, "What can I earn as a PMP?"
PMP is one of the most in-demand jobs, and it is expected to create more than 15 million new job opportunities in project management.
A PMP-certified project manager's salary is 20% higher as compared to a non-certified project manager's.
The PMI salary survey estimates that, in the US, project managers without certification on average earn approximately $95,000 per year.
Let's look at the salary aspects of the PMP.
Designation-Based PMP Certification Salary
PMP provides global professional recognition in the field of project management. Different organizations have different designations for project managers, and it plays a deciding factor in the salary they get.
Here is what the average salary of a certified PMP employee for various positions looks like:
PMP Certification Salary Based on Location
The average salary with PMP certification shows a remarkable difference when it comes to location-wise salary distribution. In comparison to the United States, Canada, and the Middle East, the United Kingdom has the fewest PMP-certified individuals because they prefer other certifications over PMP.
Switzerland ranks on top with a median PMP salary of $130,000, followed by Australia, the United States, and the United Kingdom, whereas the lowest PMP salary on the list is Egypt.
In the United States, if you look at a median PMP salary, i.e., a PMP-certified project manager’s salary, it is $111,000 as opposed to $91,000 for a non-certified project manager.
The following is a breakdown of the average salary of a PMP-certified employee based on location:
PMP Certification Salary Based on Company
The average salary for a PMP-certified project manager also depends on the company. Different companies have different salary ranges for the role of project manager, and salaries differ when it comes to considering certified and non-certified PMP candidates.
Here is an overview of the average salary of PMP-certified employees at top companies:
PMP Certification Salary Based on Years of Experience
It is quite obvious to understand that the project management professional's salary increases with the number of years of experience. Project managers with more years of experience who hold a PMP certification add great value to the salary.
According to the 2021 PMI Salary Survey, median project manager salaries increase with years of experience.
Now, let's look at the average salary for PMPs based on their years of experience.
The average salary with PMP certification is impacted by factors like experience and project scope. Certified PMP professionals with more years of experience in their field make a significant difference in their salary.
According to the Project Management Institute (PMI), there is an increasing need for project managers because of the rise in project management job opportunities.
There will be 15.7 million new project management job opportunities and 37% increases in industries like finance, IT, construction, healthcare, and manufacturing.
The benefit of having a PMP certification holder on the team is well understood by the companies and the clients.
A PMP certification holder will have demonstrated knowledge of proven project management strategies. They are apparently equipped to finish the project within the decided time and budget.
Thus, for an aspirant looking for a great opportunity to take on more responsibility, having a PMP certification on your resume can certainly open these doors.
The PMP certification not only gives recognition but also increases job security. Another thing that makes PMP certification a great deal is that PMP-certified candidates get a 20% hike in salary compared to non-PMP holders.
PMP certification helps create a standout resume and also increases the chances of shortlisting profiles by 32%.
The PMP-certified candidates find high-paying roles in IT, manufacturing, finance, healthcare, and other industries.
The PMP® certification opens up a wide range of professional options, including entry-level jobs like an assistant project manager and project coordinator.
Other professions include business project managers who engage with clients and manage business initiatives, IT project managers who manage software projects, and software project managers who oversee the development of computer systems.
Get PMP® Certified
Project management professionals can obtain PMP certification from a PMI-authorized training partner like Sprintzeal, and our ATP ID is 4719.
The PMP certification program is regulated by the PMBOK® v7, and the training program includes benefits like mock tests and access to in-depth video lectures.
Sprintzeal, PMP training program includes 32 hours of live online training, PMI course bundle key access, application assistance, and 1-year support, 24x7 learner assistance and support, customized training program as per candidates' needs, and in-Person or live online training.
The PMP certification distinguishes its holders worldwide as leaders in their field. It demonstrates to the organization and the candidate's colleagues that they have the skills, knowledge, and experience necessary to run a successful project.
The salary associated with PMP certification is quite promising. As discussed above, the average salary of PMP-certified candidates is impacted by factors like experience, location, and company and project scope.
It is important to notice that recruiters go through lots of resumes to find the best candidates to offer a PMP role. It is necessary to have something extra to set yourself apart from other candidates or competitors.
When applying for jobs in the project management industry, a PMP certification definitely makes a difference on the resume.
It takes lots of dedication, guidance, and project management education to get a PMP certification. Enroll in PMP certification training with a PMI-authorized training firm like Sprintzeal to get PMP certified on the first attempt.
To get full details about the best project management certifications, chat with course expert.
List of project management certifications:
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