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Why should you get the PMP certification? Obviously, individuals derive pmp certification benefits by obtaining the PMP credential. However, companies add great value when their employees get pmp certified.
There are over 1 million (1,000,000) Project Management Professional (PMP) certification holders in the world. That is less than 5% of an estimated 35 million project managers community.
According to PMI (2017) Project Management Job Growth and Talent Gap 2017-2027, there will be 22 million new project management jobs available by 2027.
Companies in the United States and around the world value PMP certification tremendously. As a PMP-certified individual, you will be attractive to the thousands of companies that require or desire these skills. PMP benefits include higher salaries. Here are some numbers about salaries and companies that are hiring actively.
According to glassdoor.com, project manager positions command an average salary of $86,901 per year. The maximum compensation could go up to $134,000 per year in the United States.
One of the PMP certificate benefits is being hired by the world’s best companies. Companies that are actively hiring for this position are:
Cisco Systems, Deloitte, IBM, Cognizant Technology Solutions, AT&T, SAP, Google, Microsoft, and others.
As project managers gain experience, they move into project director and higher positions. According to glassdoor.com, project director positions are offered at an average salary of $86,901 per year. Their compensation can go up to $134,000 per year in the United States.
Even entry-level positions such as project analyst pay very well. The average salary of project analyst is $65,654 per year. Their peak take-home compensation is $93,000!
In 2017, Project Management Institute (PMI) published “Earning Power: Project Management Salary Survey, 10th Edition (2017)”. According to this survey, PMP certification holders earned $115,000 on average. Those without PMP certification earned $92,000. As you can see, PMP credential holders had a 25% upgrade in compensation. Additionally, maintaining the PMP certification shows increasingly sustained benefits. Those with PMP certification 5-10 years earned $120,000 and those over 10 years earned $130,000.
The CIO magazine ranks PMP certification among the top 15 paying certifications.
The PMP certification is a highly desirable job requirement for experienced project managers. This is true whether you work in defense, information technology, health, transportation, or other industries. The PMP certification is best suited for
It is a common misconception that you should carry a job title of “Project Manager” to satisfy PMP eligibility. Project Management Institute (PMI) does not require it. You can have any job title and meet PMP certification eligibility if you led or directed projects. In an agile or hybrid project you must have served as a servant leader. This means you must have managed one or more of initiating, planning, executing, monitoring and controlling, and closing of the project.
When you sign up for the PMP training, you will receive a PMP application preparation toolkit. The toolkit will help you develop an accurate experience timeline and document your project management experience in clear terms.
Who should do the PMP certification? To qualify for the PMP certification you should meet one of the following PMP certification requirements:
The PMP certification process can be laborious. The PMP certification exam has a reputation for being one of the toughest exams on the planet. The PMP course has a clear and proven roadmap to pass the PMP exam on your first try.
Project Management Institute (PMI) will send the PMP certificate within 2 weeks of successful completion of the PMP exam. Do not forget to check PMP certification portal at www.PMI.org to ensure your profile is updated to show you passed the PMP exam.
The PMP license is not cheap. You will need to budget approximately $600 towards PMP fees.
The PMP exam fees for members and non-members of PMI are:
|Fee Type||PMI Members||Non-Members|
|PMI new membership fee||$139||N/A|
|PMI membership renewal fee||$129||N/A|
|PMP certification exam fee||$405||$555|
|PMP reexamination fee||$275||$375|
Your PMP certification is valid for three years. As soon as you pass the PMP exam, you will receive an electronic Acclaim badge that you can display on your electronic signature and social media.
The PMP certification is valid for three years. You will need to obtain 60 Professional Development Units (PDUs) within the three years to extend the certification for another three years.
PRO TIP 4: When you sign up for the PMP training, you will get access to FREE PDU courses that will help you maintain your PMP certification for another three years.