People with PMP certifications are important assets to any firm because they can renew their certification and have years of relevant expertise. Earn an average base salary of $120,000 if you have a PMP certificate and have maintained your certification for ten to twenty years.Ĭertification holders show their employers that they stay relevant on project management techniques by retaining their certification. A typical base income of $113,000 is earned by PMP holders who have held their certificate for five to 10 years. So there will be a staggeringly large demand for PMP certified professionals in less than ten years, but will there be a workforce to fill them? So most project managers are seeking to get certified because of this need.Ī few conclusions from the PMI report were presented as evidence in favour of keeping the PMP certification. The PMP certification is a great asset, and it appears that businesses worldwide are starting to realise this.Īccording to the Project Management Institute’s ( PMI )® Earning Power Report, 90 million employment responsibilities connected to project management are expected to need to be filled by 2027.
Project management professional pmp certification salary software#
PMP certificate holders are the right candidates for any position where a company needs to adopt a new organizational-wide software solution or plan a comprehensive organisational restructure. Why Does a PMP Certificate Holder Earn More? The United Arab Emirates is ranked tenth on the list, whereas the United States ranks third. Let us look at the top 10 nations for salary increases after PMP certification:ĭata source: PMI’s PMP Salary Survey Report 9th editionĪs you can see from the above data, Switzerland offers the highest PMP salaries.
The PMP certification is acknowledged throughout the world and by multinational corporations, and research shows that holders typically get better benefits. Increase Your Earning Potential with A PMP CertificationĪ PMP Certified project manager’s salary is based on a variety of factors and varies by country, industry, and project size. Source: PMI Project management salary survey (2018) As your project management job develops and advances, you may also anticipate seeing an ongoing boost in your salary. Taking the PMP certification element into account, that represents a wage boost of around 25%. The annual salary of project managers who hold the PMP certification is $120,000. Without a qualification, project managers in the US are estimated to earn, on average, $95,000 a year, according to PMI. These three letters have undoubtedly been mentioned in every discussion you’ve had regarding certification if you’re a project manager wanting to advance your career.īecause PMP certificate holders are so valuable to businesses, you can anticipate making more money in your project management position than you did previously or than non-certified colleagues. PMP is a prominent certificate that many project managers add to their resume. Project managers in almost every industry, including finance, information technology (IT), construction, and health, can benefit from it. The Project Management Institute (PMI), which oversees the certification, estimates that there are more than a million PMP holders worldwide. The Project Management Professional (PMP)® certification is a widely recognised project management credential that assesses a candidate’s ability to oversee the people, procedures, and business prospects of a professional project. The demand for these highly desired professionals is only predicted to increase over the coming eight years the latest talent gap analysis by Anderson Economic Group, endorsed by PMI, predicts that by the year 2027, the project management sector will be managed to grow by 33% and nearly 22 million new jobs will have been created. Project managers are a valuable asset to any company because they lay the groundwork for operations by organising project workflows and assuring that they are carried out effectively.
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