PMP® Certification Salary: Job and Salary Scope in 2024

PMP® Certification Salary: Job and Salary Scope in 2024

Introduction to PMP Certification

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

  • Globally recognized certification
  • Increases salary potential
  • Upgrades leadership skills
  • Handle challenging projects and teams in a better manner
  • Better job opportunities and professional recognition

Now let us have a glance at the eligibility for pursuing PMP certification.

PMP Certification Eligibility

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.

 

Skills Acquired with PMP Certification

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:

PMP certification salary-1

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.

 

PMP Certification Salary

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-2

 

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-3

 

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-4

 

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.

PMP certification salary-5

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.

 

PMP Certification Jobs and Scope

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.

 

PMP Certification Training Course

 

The Bottom Line

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:

PMP® Certification

PRINCE2® Foundation

PRINCE2® Practitioner

PRINCE2® Foundation Practitioner

CAPM® Certified Associate Project Management

PgMP® Exam Prep training

Subscribe to our Newsletters

Niharika Chaurasia

Niharika Chaurasia

Niharika is a technical content writer in the education niche with vast experience in creating content for certifications and training programs. She creates engaging, easy-to-understand, and valuable content for both beginners and professionals aspiring to enhance their careers.

Trending Now


What is pass percentage for the CAPM exam?

Article

Is it worth getting the CAPM certification?

Article

Is PMP better than MBA?

Article

Issue Log in Project Management - Uses and Importance

Article

Supply Chain Response And The Factors Involved In It

Article

Best Agile tools for Project Managers in 2024

Article

PMI-PMP® Exam Changes Explained in 5 Minutes

ebook

Project Initiation Phase - Importance and Roles Involved

Article

Delphi Technique and Its Role in Project Management

Article

PMBOK Guide and Project Management Certification Updates 2024

Article

How to Use Google Calendar as a Project Management Tool

Article

10 Reasons Why You Should Get PRINCE2 Certification

Article

CAPM Cheat Sheet 2024

Article

CAPM Certification Study Guide

Article

CAPM Certification Exam Preparation Guide 2024

Article

Top Benefits of CAPM Certifications

Article

Guide to Advancing Project Management Career with PMP Certification

Article

PMP Vs PRINCE2 - Which Project Management Certification is Better?

ebook

Project Management Interview Questions and Answers for Managers

Article

Project Management Software to Use in 2024

ebook

Best project management certifications in 2024

Article

Project Feasibility Study in Seven Steps

Article

CAPM vs PMP – Which Project Management Certification Is Better?

Article

Project Scope Management Guide 2024

Article

Project Management Complete Guide 2024

Article

CAPM Exam – Difficulty, Details and Preparation Tips

Article

What is Project Management?

Article

What is PMI ACP certification?

Article

Is PMP exam difficult?

Article

Is PMI ACP worth it?

Article

PMP or CAPM – which is better?

Article

PMP or PMI ACP – which certification should you get?

Article

PMP Certification Cost Details

Article

How to get PMP certification - Guide 2024

Article

How to create an effective project plan

Article

Top Project Manager Interview Questions and Answers 2024

Article

Guide to Change Management for Organizational Transformation

Article

Resource Manager Interview Questions and Answers 2024

Article

Project Schedule Management Guide for Beginners

ebook

Top Project Manager Qualifications and Career Path in 2024

Article

Network Diagram - Types, Topology and Use in Project Management

Article

Project Management Life Cycle and Its Phases

Article

Guide to Project Management Processes, Methodologies and Lifecycles

Article

Process Capability Analysis Explained

Article

Financial Risk and Its Types

Article

Construction Project Management - Roles, Stages and Benefits

Article

Risk Management Strategies in Project Management

Article

Project Management Principles - 12 Essentials

Article

Project Management Framework Guide

Article

Strategic Management Guide 2024

Article

Project Management Books List - Best of 2024

Article

Project Documentation and Its Importance

ebook

Project Management Tips - Best of 2024

Article

Project Management Apps Best of 2024

Article

Digital Project Manager – Skills, Salary, and Scope

Article

Project Communication Plan – How to Create and Use

Article

Earned Value Management and Its Significance

Article

Planning Poker Estimation Technique

Article

Project Management vs Product Management

Article

Project Crashing in Project Management

Article

Project Controlling and its Importance in Project Management

Article

How to create a work breakdown structure

ebook

Project Report and its Significance in Project Management

Article

Project Budget: Definition, Overview & How to Create One

ebook

Estimate at Completion - Formulae and Calculations

Article

Project Cost Management Guide 2024

Article

Product Lifecycle Management

Article

Project Portfolio Management Guide

Article

Program Manager vs Project Manager - Comparison of Roles and Careers

Article

WBS Dictionary - A Beginner's Guide

Article

Stakeholder Analysis and Stakeholder Management Guide

Article

Project Management Phases Explained

Article

Project Management Knowledge Areas

ebook

Leadership Theories for Managers

ebook

PMP Pass Rate in 2024 - Guide to Clear the PMP Exam

ebook

Gantt Charts - The Ultimate Guide

ebook

Conflict Resolution in Project Management

ebook

Project Deliverables in Project Management

ebook

PERT vs CPM in Project Management

ebook

Work Breakdown Structure in Project Management

ebook

Top Gantt Chart Makers in 2024

ebook

Gantt Chart Tools - Best of 2024

ebook

Negotiation in Project Management: The Utimate Guide

ebook

Project Manager Resume Guide – Best Tips and Examples

ebook

Product Management Frameworks - The Ultimate Guide 2024

ebook

Product Planning - A Beginner's Guide

ebook

What is Product Management? - A Beginner's Guide

ebook

Guide to Project Stakeholder Management

ebook

Top Project Engineer Skills

ebook

Guide to Technical Project Management

ebook

Top 10 project management competencies

ebook

Time Management in Project Management - Steps to Implement it

ebook

Top Program Manager Skills of Successful Program Managers

ebook

A Brief Guide to Conflict Management Approaches

ebook

What is a Risk Management Plan? A Comprehensive Guide

ebook

Workflow Diagram - Steps to Create, Symbols, Types, and Uses

ebook

Best Practices to Measure Resource Utilization

ebook

Workload Management: How to Optimize Your Team’s Workload?

ebook

What is Project Execution? A Comprehensive Guide

ebook

Project vs Program Management: Key Differences

ebook

Kanban Methodology in Project Management – A Complete Guide

ebook

Hybrid Project Management Guide 2024

ebook

Project Characteristics: Key Elements in a Project

ebook

The Ultimate Guide to the Waterfall Methodology in Project Management

ebook

The Ultimate Project Kickoff Meeting Guide

ebook

Project Timeline: How to Build One, Definitions, and Examples

ebook

Project Scope Statement: How to Write One With Example

ebook

Statement of Work in Project Management Guide 2024

ebook

Project Management in Product Development : Essential Role

ebook

10 Best Change Management Tools to Use

ebook

Mastering Resource Scheduling to Unlock Project Success

ebook

Project Risk Analysis: Tools, Templates & Best Practices

ebook

How to Write a Project Summary in 4 Steps

ebook

Top Leadership Skills: Mastering the Art of Effective Leadership

ebook

How to Write a Project Descriptions: A Step-by-Step Guide

ebook

What is Project Monitoring? A Comprehensive Guide

ebook

What Are Project Fundamentals? A Quick Guide

ebook

Kanban Board: A Detailed Guide to Understanding and Usage

ebook

10 Effective Management Styles for Leaders (With Real-Life Examples)

ebook

Product Manager Career Path: What to Expect

Article

Career Path for Program Manager - Strategic Navigation for Professional Growth

ebook

Exploring Career Path for Product Owner

Article

An Ultimate Guide to Project Coordinator Career Paths

Article

Trending Posts

CAPM Cheat Sheet 2024

CAPM Cheat Sheet 2024

Last updated on Feb 9 2024

Hybrid Project Management Guide 2024

Hybrid Project Management Guide 2024

Last updated on Apr 25 2023

Top Gantt Chart Makers in 2024

Top Gantt Chart Makers in 2024

Last updated on Sep 21 2022

Is PMI ACP worth it?

Is PMI ACP worth it?

Last updated on Aug 4 2022

How to Write a Project Descriptions: A Step-by-Step Guide

How to Write a Project Descriptions: A Step-by-Step Guide

Last updated on Jun 21 2023

PERT vs CPM in Project Management

PERT vs CPM in Project Management

Last updated on Sep 2 2022