Hence we will discuss the main factors that influence project manager salary. Furthermore, we will discuss how can you increase your salary if you are a project manager.

Project management is one of the complex fields in this technological era. Dynamic market trends bring many challenges to the organizations which are complex in nature. Therefore project managers who need to handle these challenges have to be well equipped. When they are ready to take up on these challenges, they become successful. However, these well-equipped professionals have their associated costs.

See our Project Management Training post.

Many organizations take initiatives to introduce new products and services in order to be trending market leaders because it brings them more market share. These organizations look for educated, certified, experienced domain experts so that the tendency to achieve success at higher rate increases. Project managers have the ability to lead the project teams throughout all the project phases from initiation to closing as the projects play a key role to meet the organization’s sustainability in the dynamic environment.

So if you are a project manager you must prepare yourself to be the best fit for these organizations. You need to be the best in what they are looking for. There are certain aspects to assess yourself. The following questions can act as the measuring yardstick for you: Does your education meet the minimum criteria set by these organizations? Are you an experienced project manager? Do you hold any project management credentials? Do you have the required industry domain knowledge?

Top 5 Factors Affecting Project Manager Salary

In this section, we will highlight the significant factors that affect project manager salary.

1- Industry Aspect of Project Manager Salary

There is not only a single industry that needs project management discipline. All industries focus to empower their project management skills in order to make their portfolios, programs and projects highly successful. Whether you are working for pharmaceutical, energy, aerospace, manufacturing, finance, information technology, all of these industries require project managers and project teams to ensure successful projects. So the project manager must have associated with an industry.

Education plays a vital role in the expertise of the domain. Therefore the organizations with different domains have their specific need for project managers. A construction-based organization will look for the candidates who have civil engineering or equivalent degree. Likewise, financial firms will be on the lookout for candidates who have a financial degree. So that the industry-specific foundation is already part of the knowledge and skills of the project management candidates. The good part is that such companies may also look for candidates who have knowledge of relevant functions. Like if these companies are filling in for the positions of information technology project managers they will look for project managers with IT background and prefer the industry-specific experience. Similarly, if the Oil and Gas sector company is looking to hire project managers they may focus on chemical engineers.

If you are planning to pursue your career as a project manager your degree will play a vital role. Therefore you should plan your education with respect to the industry. This will set your foundation step for the specific industry and as we’ve already mentioned the project manager salary will depend on the industry. For instance, the average salary in the IT industry is more than that of a project manager in the entertainment industry.

2- Experience Aspect of Project Manager Salary

Organizations hire experienced project managers. Because the experienced project managers are the ones who have gone through many challenging situations and have transformed them into success. This is a big plus for the organization. If you are working for a consulting organization, your experience will be a big plus for the organization as your profile is more sellable by the client organizations. It means that your profile is more sellable for your organization.

The salary of the fresh candidate is on the lower ranges and with the passage of time while you gain experience your PM salary will increase accordingly. In other words, we can say that your project manager salary is directly proportional to your experience. But only to a certain level! When you achieve higher grades and salary ranges this proportion will not remain the same. So having more experience will not bring more PM salary in correlation with your further experience after some years.

If you want to advance your project manager salary through experience, the only way is to acquire it. Experience comes with the passage of time but you can enhance your skillset inline with your future endeavors while you are experiencing the challenges within the current projects. Each step you take to handle such challenges adds to your experience whether it is a success or a failure for a specific activity.

At the end of the day, you have applied tools and techniques to handle the projects and learned out of it. Also, you have gone through various challenges and handled them to bring clarity from vagueness. Some of the challenges include poorly defined goals, unrealistic deadlines, scope creep, insufficient team skills, improper communication, geographically dispersed teams, risks and threats, diverse culture management.

3- Skills Aspect of Project Manager Salary

Another most important factor to advance project manager salary is the skillset they obtain with time. Soft skills required by project managers to lead the project teams and manage stakeholders are vital factors. On top of this, the technical skills are the influencing factors too. For example, if the job is related to construction project management, having drawing skills or planning tools knowledge will bring additional value to your resume.

Similarly, if the job is pertaining to infrastructure project management, having skills of networking, designing networks, setting up data centers, managing infrastructure equipment will be a major plus for your job consideration.

If you want to pursue your career as an IT infrastructure project manager the skills related to the data center, virtualization, IT Service Management, Networking, and Wireless may be a value-added to your project manager salary. If you are part of an IT Team you can aim to obtain Business Skills, Cloud Computing, Cybersecurity, Application Development, DevOps.

This means that skills are an important aspect of the project manager selection and PMP salary. Your project manager salary depends on the soft skills and technical skills you have. If you want to enhance your project manager salary, it definitely requires you to focus on your soft as well as technical skills.

If you want to advance your salary and career, you must attain education in the domain that you are pursuing your career. Education is the must-have and best to have to get the required skill set. You can earn new skills by attending project management courses.

Project management is one of the most complicated fields of work. Be prepared for a true adventure you’ll never get bored of! There is no space for dullness in this profession. A project manager (PM) is responsible for leading an entire project through initiation, planning, execution, control, and completion.

4- Project Management Certification

There is a vital distinguishing factor in project manager salary advancement. This factor is the project management certification. It is globally accepted that PMP certified professionals have the project management skills to complete projects on time, within scope and budget.

Project Management Institute (PMI) offers the Project Management Professional (PMP) certification. PMP is a globally recognized professional certification. It is an approval of project management knowledge and experience. PMP carries the reputation of being the best option for project management aspirants.

The market positions the PMI certifications in a very conscious way. PMI is much well-known for its Project Management Professional (PMP) certificate. PMI has more than 470,000 members in 207 countries, which make them the world’s largest project management association, and it has globally certified more than 740,000 PMPs. This is the mere fact to grasp the importance of PMP and it is also an indicator of PMP certified professional induction trends in the market.

PMP Certification and Project Manager Salary

The best thing you can do to take advantage of this value-adding factor is to obtain the PMP credentials. As if you are interested to advance your career in the field of project management, there is no best way other than earning the PMP Certification.

PMP certification requires you to have relevant knowledge and experience of the project management processes. Undoubtedly, a serious effort is needed to obtain the PMP credentials. A PMP certification means that you have a passion for attaining your targets. The PMP certification displays your skills, efforts, knowledge, experience, and reliability. It is also helpful for you to earn respect from your peers and team members. When you compare its benefits you will realize that all the effort is worth to attend a PMP training and obtain PMP certification.

One of the lucrative advantages PMP brings to the project managers is an advancement in the project manager salary. According to an independent survey, PMP holders are drawing more than 20 percent salary as compared to their non-certified counterparts. However, this is an average and it can vary depending on your experience, skills, and industry. PMP certification brings a great return on investment you spend on the certification activities. In other words, the investment you make on the PMP certification takes you to the next level with tangible benefits throughout your career span.

According to the PMI salary survey 11th edition, the majority of survey respondents (82%) have the PMP certification. PMP certification holders report higher median salaries in most countries included in this study; however, this varies widely from country to country. PMP tenure also plays a role. Among survey respondents in most countries, the median salary steadily increases with the length of time one holds a PMP certification.

You must attend in a 35 contact hours project management education to be eligible to sit for the PMP exam. Read about PMP certification requirements. If you are in the early steps of your project management career, you can consider sitting for CAPM exam and getting CAPM certification first, which is the entry level project management certification of PMI.

5- Urgency for Vacancy

Another aspect is the urgency of the organization to fill in the vacancy. This can be a good opportunity to get a good salary range. As in this case, they can offer up to 20% more than the defined salary range for the position. If you are the right fit that the employer is seeking for a long time or wants to employ asap, you can get more salary than you expect.

Though the urgency for a vacancy within an organization is beyond the applicant’s control, however, the best an applicant can do is ensure the readiness with the value-adding factors on the profile like education, certification, skills and technologies, and domain expertise. If you have these factors you can bag the upcoming opportunities being the right fit for the job. This is the best you can do to find and capture such opportunities.

Project Manager Salary

There are various sources from where the information about the project manager salary can be acquired. These data sources include professional bodies, survey agencies, and recruiting agencies. These sources of data provide project management practitioners a greater awareness of their earning potential. Hence they are very beneficial for employers, candidates, human resource departments, compensation committees, and executive recruiters for determining the market trends and salary ranges.

PMI Project Manager Salary Survey

One of the most prominent is the Project Management Institute (PMI) itself. PMI releases project manager salary surveys and publishes them biennially. The latest they have released is the 11th edition “Earning Power: Project Management Salary Survey”. This survey highlights a significant advantage in earning potential for project management professionals. According to the survey, respondents with a PMP certification reported higher median salaries than those without a PMP certification – 22% higher on average across the 42 countries surveyed.

One interesting factor of the survey is the expansion of the horizon. As in this edition, PMI includes project manager salary information from five countries that were not previously covered. These countries include Indonesia, Pakistan, the Philippines, Portugal, and the Russian Federation.

Furthermore, the survey spans across the globe with a huge number of participants. So more professionals and aspirants can get the idea of their relevant countries. In this survey, PMI incorporates information from more than 32,000 project management practitioners in 42 countries across the globe. This makes the survey quite comprehensive offering insight into the value of project management skills, experience, and certifications.

When converted to U.S. dollars using normal exchange rates, the median project manager salary varies considerably among project practitioners from country to country. Switzerland (US$132,086), the U.S. ($116,000) and Australia (US$101,381) are the countries where project practitioners report the highest median salaries.

Similar to median salary variations, the rate of project manager salary increase varies extensively from country to country. However, in virtually all countries included in the survey, project manager salary increases when practitioners are tasked with more responsibility. The most significant increase is in the Philippines. There, the median salary increases from US$17,247 for a project manager I to US$24,524 for a project manager II and US$36,167 for a project manager III.

Recruiting Agencies

There are various other surveys and data available on the recruiting agencies websites like Indeed and Glassdoor. One of them is Indeed which calculates the average project manager salary based on data submitted anonymously to Indeed by Project Managers, users, and collected from past and present job advertisements in the last three years. The level of experience for project management typically is 1 –  3 years. So the salary ranges are much higher for senior project managers.

Project Manager Salary by Countries

In this section, we will share with you the salaries from the aforementioned data sources for different countries. The purpose of sharing this data is not the compare the different counties and locations. It is also important to keep in consideration that each country and location have its own cost of livings and other economic factors.

United States

Based on the data collected from 8,967 respondents from the United States who participated in the PMI survey, the median project manager salary in the United States is $$116,000. Like other countries, the project manager salary increases with more years of experience.

The professionals with less than 3 years of experience get $83,000 average whereas the professionals with experience ranging from 3 to 5 years get average project manager salary of $90,000. The ones with the experience from 5 to 10 years get $103,407. Professionals with the experience of 10 to 15 years get $120,000 on average. The ones with experience ranging from 15 to 20 years get $126,690. Finally, the professionals with more than 20 years of experience get $135,000.

Likewise, according to Indeed, the average salary for an IT Project Manager is $92,862 per year in the United States. These project manager salary estimates are based on 1,431 salaries submitted anonymously to Indeed.

Australia

According to the PMI project manager salary survey, there were 818 respondents from Australia who participated in the survey. According to the results, the median PM salary in Australia is $101,381. The project manager salary varies with years of experience. The professionals less than 3 years of experience get a median salary of $68,763. The ones with experience ranging from 3 to 5 years get $71,231 on average. And the ones with the experience from 5 to 10 years get $91,684. Professionals with the experience of 10 to 15 years get $101,205 on average. The ones with experience ranging from  15 to 20 years get $117,778. Lastly, professionals with more than 20 years get $126,946.

And according to indeed.com, the average salary for a Project Manager is $127,888 per year in Australia. Project manager salary estimates are based on 3,525 salaries submitted anonymously to Indeed.

Canada

The data is collected based on 2,869 respondents from Canada who participated in the PMI survey. According to the survey, the median project manager salary in Canada is $73,355. Like other countries, the project manager salary varies with years of experience.

The professionals less than 3 years of experience get a median salary of $55,016. The ones with experience ranging from 3 to 5 years get $58,684 on average. And the ones with the experience from 5 to 10 years get $67,487 Professionals with 10 – 15 years of experience get $77,023 on average. The ones with experience ranging from  15 to 20 years get  $84,358. The professionals with more than 20 years get $90,000.

According to indeed.com, the average PM salary is $77,974 per year in Canada. Project manager salary estimates are based on 1,683 salaries submitted anonymously to Indeed.

United Kingdom

Based on the data collected from 739 respondents from the United Kingdom who participated in the PMI survey, the median PM salary in the United Kingdom is $83,410. But it depends on the years of experience.

The professionals with less than 3 years of experience get $57,305 average. Whereas the professionals with experience ranging from 3 to 5 years get an average salary of $64,945. The ones with the experience from 5 to 10 years get $77,145. Professionals with less 10-15 years of experience, on average, get $82,773. The ones with experience ranging from  15 to 20 years get $92,961. And the professionals with more than 20 years of experience get 101,875.

Likewise, according to Indeed, the average salary for a Project Manager is £43,940 per year in the United Kingdom. Project manager salary estimates are based on 26,702 salaries submitted anonymously to Indeed.

Europe (Germany, France, Spain, Italy, Netherlands)

France

The data is collected based on 792 respondents from France who participated in the survey. According to the survey, the median salary in France is $68,663.

The professionals less than 3 years of experience get a median salary of $46,920. The ones with experience ranging from 3 to 5 years get $56,647 on average. And the ones with the experience from 5 to 10 years get $64,658. Professionals with less than 10-15 years of experience get $72,096. The ones with experience ranging from  15 to 20 years get  $75,300. And the professionals with more than 20 years get $88,118.

Germany

Based on the data collected from 988 respondents from Germany who participated in the survey, the median project manager salary in Germany is $96,987. The same pattern of experience applies here, the project manager salary varies with the years of experience.

The professionals less than 3 years of experience get median salary of $69,464. The ones with experience ranging from 3 to 5 years get $74,385 on average. And the ones with the experience from 5 to 10 years get $89,834. Professionals with less who are experienced for 10-15 years get $98,417. The ones with experience ranging from 15 to 20 years get $109,289. And the professionals with more than 20 years get $114,438.

Italy

The data is collected based on 1,131 respondents from Italy who participated in the survey. According to the survey, the median PM salary in Italy is $57,219 but it varies with the years of experience.

The professionals less than 3 years of experience get a median salary of $45,775. The ones with experience ranging from 3 to 5 years get $48,064 on average. And the ones with the experience from 5 to 10 years get $51,497. Professionals with experience ranging from  15 to 20 years get $57,219. The ones with experience ranging from  15 to 20 years get $62,941. The professionals with more than 20 years get $69,807.

Spain

The data is collected based on 1,308 respondents from Spain who participated in the survey. According to the survey, the median project manager salary in Spain is $52,642.

Let’s look at how the salary changes according to experience. The professionals less than 3 years of experience get a median salary of $40,053. The ones with experience ranging from 3 to 5 years get $43,487 on average. And the ones with the experience from 5 to 10 years get $49,781. Professionals with 10 – 15 years of experience 57,219 on average. The ones with experience ranging from 15 to 20 years get  $61,797. And the professionals with more than 20 years get $67,519.

Netherlands

Based on the data collected from 347 respondents from the Netherlands who participated in the survey, the median salary in the Netherlands is $93,839.

The professionals with less than 3 years of experience get $63,22 on average. Whereas the professionals with experience ranging from 3 to 5 years get an average salary of $77,646. And the ones with the experience from 5 to 10 years get $86,401. Professionals with 10 – 15 years of experience get $101,166. The ones with experience ranging from  15 to 20 years get $108,716. And the professionals with more than 20 years of experience get $102,995.

Gulf Region (United Arab Emirates, Saudi Arabia, Qatar)

Qatar

Based on the data collected from 283 respondents from Qatar who participated in the PMI survey, the median salary in Qatar is $81,6681. The same pattern of experience applies here, the project manager salary varies with the years of experience.

The professionals less than 3 years of experience get a median salary of $$61,904. The ones with experience ranging from 3 to 5 years get $76,767 on average. And the ones with the experience from 5 to 10 years get $65,334. Professionals who worked for 10 to 15 years get $$88,201. The ones with experience ranging from  15 to 20 years get $100,043. And the professionals with more than 20 years get $122,501

According to Indeed, the average salary for a Project Manager is QAR 17,067 per month in Qatar.

Saudi Arabia

The data is collected based on 542 respondents from Saudi Arabia who participated in the PMI survey. According to the survey, the median PM salary in Saudi Arabia is $63,944. 

The professionals less than 3 years of experience get the median salary of 38,366. The ones with experience ranging from 3 to 5 years get $53,286 on average. And the ones with the experience from 5 to 10 years get $57,549. Professionals with 10 to 15 years of experience get $76,999. The ones with experience ranging from  15 to 20 years get $95,916. And the professionals with more than 20 years get $88,242.

United Arab Emirates

The data is collected based on 602 respondents from the United Arab Emirates who participated in the PMI survey. According to the survey, the median PM salary in the United Arab Emirates is $81,665. But the project manager salary depends on the years of experience.

The professionals less than 3 years of experience get a median salary of $48,999. The ones with experience ranging from 3 to 5 years get $65,332 on average. And the ones with the experience from 5 to 10 years get 70,776. Professionals with 10 – 15 years of experience get $94,972. The ones with experience ranging from  15 to 20 years get  $114,330. And the professionals with more than 20 years get $133,658.

India

The data is collected based on 885 respondents from India who participated in the survey. According to the survey, the median PM salary in India is $28,750. 

The professionals less than 3 years of experience get a median salary of $21,563. The ones with experience ranging from 3 to 5 years get $22,389 on average. And the ones with the experience from 5 to 10 years get $25,875. Professionals who have 10-15 years of experience, on average, get $32,894. The ones with experience ranging from  15 to 20 years get $35,938. And the professionals with more than 20 years get $51,750.

And according to Indeed, the average salary for a Project Manager is ₹ 31,516 per month in India. Salary estimates are based on 1,839 salaries submitted anonymously to Indeed.

Singapore

Based on the data collected from 783 respondents from Singapore who participated in the PMI survey, the median salary in Singapore is $71,279. The same pattern of experience applies here, the salary varies with the years of experience.

The professionals with less than 3 years of experience get $50,233 on average. Whereas the professionals with experience ranging from 3 to 5 years get an average salary of $54,559. And the ones with the experience from 5 to 10 years get $65,999. Professionals experience ranging from 10 to 15 years on average get $77,366. The ones with experience ranging from  15 to 20 years get $91,666. And the professionals with more than 20 years of experience get $100,466.

According to indeed.com, the average salary for a Project Manager is $6,238 per month in Singapore. Salary estimates are based on 1,594 salaries submitted anonymously to Indeed.

Russian Federation

Based on the data collected from 240 Respondents from the Russian Federation who participated in the survey, the median salary in the Russian Federation is 34,541. The same pattern of experience applies here, the project manager salary varies with the years of experience.

The professionals with experience ranging from 3 to 5 years get average project manager salary of $$29,120. And the ones with the experience from 5 to 10 years get $34,512. Professionals with 10-15 years of experience get $41,702. The ones with experience ranging from  15 to 20 years get $36,238.

Project Manager Salary by Industries

Similar to experience, the industry in which an individual pursues their project management career has an influence on the project manager salary range. The following table depicts the average project manager salary of some of the industries. So you can get an idea about the variation in salaries based on different industries within different countries.

The below data depicts salaries of 25 percentile based on respondents of the PMI survey within different countries. The salaries are mentioned in the country-wise currency so the aim is again not the compare the salaries but to give you an idea of the salaries within the countries.

Conclusion

In this article, we discussed the project manager salary and the five main factors which can influence the project manager salary. Then we discussed each of the factors that include industry, experience, skills, education, certification. The organizations look for educated, certified, experienced domain experts because these experts have the tendency to achieve success at a higher rate.

The article also highlights project manager salary trends based on the data from different sources so you can plan your career considering the available facts. The salaries vary based on countries, experience, skillset requirement and industry in which you are working.

We hope you found this article helpful to get the overall idea of project manager salary and you found patterns that can help set your goals and pursue a project management career.

The post Project Manager Salary – How Can I Increase My PM Salary? appeared first on Project Hipo.

PMP Salary – How much will I earn after I get PMP?

In this article, we will give an overview of the PMP certification. What factors affect the PMP salary? We will also share the salary range of PMP certified professionals across the globe. This will help you to decide whether to go for PMP certification or not. Further, you will be able to explore the ROI of PMP certification.

Undoubtedly, projects are dynamic in nature. Hence, they change the world and the change agents are PMP certified individuals. You can mark it as one profession where demand for skilled practitioners is always high and life is never dull. It is projected that over the next decade, there will be a demand of 88 million people for the project management roles.

It is quite obvious that any individual or professional works for knowledge, experience, growth in career and last but not the least money. We often come across our friends who are working as a project manager and earning a handsome salary. Some professionals have climbed the ladder from a junior position to a senior one as a project manager. Another way they have adopted is to attain a recognized project management certification and achieve a senior position as a project manager. This is where PMP certification comes into the picture.

Project Management Professional (PMP) Certification

PMP is a globally recognized professional certification. This certification is offered by PMI, the Project Management Institute. PMI is a non-profit professional organization. PMP is a well recognized and respected credential and it is considered vital for the project managers. Especially for those who want to take their career further.

When you have the PMP certification, you also have the global standards of excellence for validating the crucial skills and knowledge in a project management team. PMP has worldwide recognition irrespective of industry, profession or geographical scope of operation. Moreover, the PMP certification is truly a valuable asset A well recognized and respected credential, because it will help you to initiate, plan, execute, monitor, control and close a project successfully across the various industries.

The PMP certification is the most important credential for project managers recognized by any industry. Recognized and requested internationally, the PMP shows you have the expertise, training, and skills to lead and direct the project. This recognition can be seen through increased employer marketability and a higher salary. Also according to the survey of the Project Management Institute, PMP positively impacts project manager salaries by an average of 23% more than their non-certified colleagues.

Let us talk about some of the benefits of PMP certification!

Benefits of PMP Certification

1. Higher Salary

PMP Certification gives an added advantage of an increase in salary and higher earning potential. Besides, it increases the chances of advancement in your career down the line.

2. Better Job Opportunities

The demand for project managers is outpacing the supply in many industries. Hence, job opportunities will be more and better for those who have training, experience, and knowledge possessed by PMP certified individuals. PMP Certification adds value to the resume.

3. Credibility in the Market

Having PMP certification in the resume adds credibility to your experience, skillset, knowledge base and commitment to your career.

4. Better Networking

As a PMP certified individual and a member of PMI, you get more opportunity to network with other project managers in your domain, industry and across the globe.

5. More Challenging Projects

PMP Certification can open new doors to opportunities for more challenging projects, greater responsibility, embrace and overcome new challenges.

6. Job Security

With changing technology, job security has become an issue. But still, project managers continue to be in high demand especially PMP certified individuals. PMP certification will give you greater confidence to be valuable to current employers. It validates your dedication to the job.

7. Applicable to Any Industry

Project Management is not limited to one industry. Likewise, PMP certified individual’s knowledge can be used in any leading sectors like Manufacturing, Construction, Oil and Gas, Finance, Insurance, Information Technology, etc. Organizations in different domains seek qualified and talented professionals so as to ensure that projects are executed with excellence. Besides, this certification provides industry recognition.

8. Enhances Knowledge and Skills

PMP Certification helps you learn important skills, tools, and techniques required to excel in your career.

9. Global Recognition

PMP Certification holds credibility in more than 90 countries worldwide. The global community recognizes PMP certification as highly valuable. It indicates a level of experience and qualification compared to non-certified professionals.

10. Builds a Healthy Environment

PMP Certification builds an organized and productive culture. This further embraces project management and increases business value.

What Affects PMP Salary?

Looking at strategic projects from inception to completion, project managers have the ability to increase a company’s efficiency, productivity, reduce the cost and generate high revenues. As per a recent survey, 97% of organizations strongly agree that project management is critical to the success of the organization. Thus they are willing to pay for it. However, PMP salary depends upon several key factors such as Certification, Industry, Experience and Education, Position, Skillset and Region or Location.

The first and foremost factor that affects the salary of the project manager is PMP certification.

PMP certification will itself gives an average of 23% more salary than a non-certified individual. However, this is an average percentage that will vary further depending upon your experience, skills, and industry.

Besides, PMP certified project managers demonstrate to employers that they have skills and knowledge to successfully manage project and team.

Especially in countries like South Africa, PMP holders have a 58% higher median salary than the non-PMP certified holders. In South Africa, the median salary of a PMP holder in USD is $ 75,392 and the salary of a non-certified employee is $47,868.

Moreover, PMP tenure also plays a vital role in regard to salary. It is quite observed that the median salary steadily increases with the length of time one holds a PMP certification.

Other factors that influence the salary apart from PMP Certification are:

1. Type of industry or industry domain

2. Years of experience in project management

3. Skillset

4. Role or position in project management

5. Project team size and project budget

6. Region or location of the job

1. Industry Aspect of PMP Salary

Depending on the industry, PMP salary varies. It might change significantly.

For instance: According to the Project Management Institute (PMI), the topmost industry for PMP salary is Government. Due to the fact that projects are complex, they often require specialized knowledge of software resulting in making PMP salaries higher than average.

Besides, PMP salary is high in sectors such as Science, Technology, and Engineering owing to the rapid growth and demand in these industries.

On ranking the industries in descending order, PMP salary in the United States will vary as follows:

1. Pharmaceuticals (Highest)

2. Agriculture, Mining and Natural Resources

3. Consulting

4. Aerospace

5. Engineering

6. Oil, Gas, and Utilities

7. Government

8. Information Technology

9. Entertainment (Lowest)

Hence the average PMP salary in the IT industry is more than the entertainment industry.

2. Experience Aspect of PMP Salary

As it is quite obvious that more work experience you have, more it will impact the salary you will make as a project manager.

If you are an entry-level professional who is a leader and you attain PMP certification then you have an edge over others. Also, you will get a higher PMP salary. But, let’s suppose you reach a level of say 10 years experience then PMP is a default certification that every project manager has in their kitty. Hence, this PMP Certification will not add much increase in your salary.

These days, if you go through job sites and professional networking sites like LinkedIn, PMP certification is a must to have in job requirements of every project management profile.

Hence, it is almost not possible to find a project manager job without a PMP certification requirement.

Besides, if you have more than 10 years of experience and you don’t have PMP certification then already you have lost the competition from peers. However, if you are a PMP certified with more than 10 years of experience then PMP certification will not add much difference to your salary. Because almost all 10+ years of experienced project managers are PMP certified. Hence you as a project manager are no different from others.

Check our Project Management Training post.

According to the PMI 10^th Edition Survey, annualized PMP certification salary (in USD) in different countries by Years of Experience in Project Management is as follows.

Years of Experience in Project Management

3. Skills Aspect of PMP Salary

Your salary as a PMP certified also depends on the skills such as soft skills and technical skills you have.

For instance, if the job requirement is about project management in construction then having drawing skills or planning tools will bring additional value to your resume.

Likewise in the software industry, having knowledge of the language, coding, and software as a project manager is a huge advantage.

Similarly, if you have to work as a project manager in telecom or banking or healthcare sector then having domain knowledge of telecom or banking or healthcare sector will add value to your job.

4. Position Aspect of PMP salary

Regardless of industry and country, PMP salary increases along with responsibility. And responsibility increases with the position. Hence PMP salary increases in accordance with the position in the organization.

But it varies from country to country. It is observed that the most drastic increase in PMP salary is in Nigeria from project manager to senior project manager position i.e. from $13,079 USD to $30,305 USD.

Likewise in a country like New Zealand, median salary increases from $52,800 USD to $84,480 USD for a project manager in a senior-level position.

Similarly, in countries like Qatar, the median salary varies from $72,436 USD to $114,581 USD from one level of the project manager to another level.

5. Project Size

We determine the size of the project by the average number of team members and the average project budget. Hence a large number of team members and project budget constitutes a large project.

If you are managing a large project, then the median salary will be high in most of the countries. Also, variation in managing a large project vs. small project is quite significant from country to country.

6. PMP Certification Holders’ Salary by Location/Region/Country

The location also plays a vital role in PMP salary. PMP salary can have a huge impact depending upon where you physically choose to work within the US and worldwide. In fact, PMP salary will increase by $16,000 depending upon your location in the US.

Talking about the worldwide figures, highest median PMP salaries are in countries like Switzerland ($130,996), The United States ($112,000) and Australia ($108,593) whereas country with the lowest median salary is Egypt ($10,159)

According to PMI 10^th Edition Survey, Annualized Salary in (US Dollars) of PMP by country is as follows.

Annualized Salary in (US Dollars)

About the Project Management Professional Exam

PMP Exam is carried out by the Project Management Institute. The exam consists of 200 multiple-choice questions out of which you will be scored on 175 questions. Thus, 25 of those 200 questions are just pretest questions. The reason for these randomly placed questions is to validate them for inclusion in the future exam database.

The duration is 4 hours. 

The 3 points to remember for the PMP exam are:

1. First of all, this exam is not a test of the information in PMBOK Guide
2. Secondly, you cannot rely on real-world experience only
3. Last but not least, training in project management aligned to the PMBOK Guide is critical

There are 5 process groups defined for Project Management i.e. Initiating, Planning, Executing, Monitoring and Controlling, Closing.

A project management process is what you need to do to manage the work throughout the project lifecycle. This includes managing the efforts related to initiating, planning, executing, monitoring and controlling and closing the project.

Here is the distribution of PMP certification exam questions process-wise:

All the project management processes map to the following 5 process groups:

1. Initiating Process Group

Processes in this process group officially start a new project or a project phase.

Major activities include:

• Identifying and analyzing stakeholders to align their expectations about the project
• It provides a guiding vision for the project in terms of an organization’s strategic objectives, benefits, high-level scope, and known constraints.
• Here project gets officially authorized
• It provides the project manager with the authority and information necessary to begin the project

2. Planning Process Group

It involves walking through a project using a process, iterating your plans, and getting the project organized in sufficient detail before actually doing the work to produce the product of the project.

Major activities include:

• Establish the scope of the project
• Then, refine the objectives
• Further, define the course of action to attain the objectives that the project was undertaken to achieve
• Also, perform a detailed analysis of whether the objectives in the project charter and expected business benefits can be achieved.
• Finally, decide how the project objectives will be accomplished addressing all appropriate project management processes and knowledge areas

3. Executing Process Group

It involves completing the project work as defined in the project management plan to meet the project objectives and achieve the expected business value

Major activities include:

• Leading and managing the project
• Then, engaging the stakeholders
• Besides, working with the team to complete the work
• Further, following the processes
• Last but not least, communicating according to the plan

4. Monitoring and Controlling Process Group

Here, Monitoring and Controlling are combined into one process group. This process group involves processes to track, review, and measure the progress and performance of the project.

Monitoring requires the project manager to focus on how the project is progressing. On the other hand, Controlling requires evaluating the data on how the project is conforming to the plan and take action to address the variances outside of acceptable limits.

Major activities include:

• Firstly, assess how stakeholders are participating and communicating
• Besides, assess the work and uncertainties that have been identified
• Moreover, it identifies any areas where a change to the plan is required and initiate those changes
• Further, measure the work against other metrics in the project management plan to see how the project is performing
• Also, taking actions to correct any variance i.e. to recommend changes to the way work is being done
• Additionally, adjusting changes to the baselines to show more achievable outcomes

5. Closing Process group

Here processes are performed to formally complete or close the project, phase or contract.  

Major activities include:

• Administrative activities such as collecting and finalizing all the paperwork needed to complete the project
• Also, technical work to confirm that the final product of the project is acceptable
• Furthermore, work needed to transfer the completed project to those who will use it
• Finally, solicit feedback from the customer about the product and project

All the processes in the above 5 process groups help the project manager to run the project successfully from start to finish. Thus, s a PMP certified, you get thorough knowledge of all of these processes in 5 process groups. Hence, PMP certified individuals tend to make the success rate of the project higher thereby resulting in higher salaries.

The Cost of PMP Exam

The cost involved in the PMP exam includes the PMP exam fees + the cost of training for PMP certification + the cost of time and efforts spent in studying for the preparation of the PMP exam.

1. PMP Certification Exam Fee

This is the cost of the PMP exam itself and you have to pay it online at PMI.org after you have filled the application form and it is approved by PMI.

You get the benefit of saving money in exam fees if you are a PMI member.

To become a PMI member, you need to pay the membership fee of $129. This membership remains valid for 1 year. You can avail of multiple benefits such as accessing unlimited material, numerous resources like books, sample questions at the PMI site. You can attend free webinars that help you gain knowledge as well as earn PDUS. Further, this helps in networking among your peers and people across the region by attending local chapter programs and events.

• For PMI members, the PMP certification exam fee is 405 USD
• For non-members, the PMP certification exam fee is 555 USD

Hence, you get the double benefit of saving money and accessing unlimited PMP certification resources at the PMI’s website.

Further, you save $100 in the re-examination fee as a PMI member. That means if you are a PMI member and you do not pass the exam in the first attempt then the re-examination fee for PMI member is 275 USD and whereas for a non-PMI member, it is 375 USD.

2. PMP Certification Training Cost

The second cost is the training cost for the preparation of the PMP exam.

While filling the application form, one of the prerequisites to sit for the PMP exam is to have 35 contact hours.

You can earn 35 contact hours by attending project management education or project management courses from any recognized institute for 35 hours (approx 4 days).

Now there are 2 modes to attend the training either online training or classroom training.

• Classroom training has the advantage of face to face interaction with the instructor. You can resolve the queries directly.

The cost of classroom training varies from 450 USD to 2100 USD depending upon the country.

• Online PMP training has 2 modes i.e. self-learning or instructor-led training.

In self-learning mode, you have the flexibility to attend the training at your own location, pace, and timing

Whereas in instructor-led training, you have to be available as per the time slots of the instructor for PMP training. But you have the flexibility to attend from anywhere as you need to have a laptop and limited accessories like headphones to be online for that class.

The cost of online self-learning training varies from 200 USD to 600 USD. Whereas the cost of instructor-led training ranges from 750 USD to 3600 USD

3. PMP Certification Exam Preparation Cost

This is the indirect cost you spend during your preparation process for the PMP exam. The time required to prepare may vary from person to person depending upon experience, background in project management and time an individual can devote to prepare for the PMP exam.

For a working professional, you can plan for 3 months time wherein you have to spend 3-4 hours every day studying.

Summary

Undoubtedly, the PMP certification is one of the most popular, recognized, world-renowned certification in project management across the globe. Many factors such as certification, industry, years of experience, position, team size and budget, region or country play a significant role in PMP salary.

Moreover, PMP Salary varies from region to region within the US and across the countries. According to PMI surveys, PMP certification impacts project manager salaries by an average of 23% more than their non-certified professionals.

Hence, the best and quickest way for a project manager to get an increase in their salary is to acquire PMP certified status!

The post PMP Salary – What is PMP® Certification Salary? appeared first on Project Hipo.

PMI has set certain PMP certification requirements for the candidates. That candidates need to fulfill them in order to become eligible to sit in the PMP exam. These requirements are related to education, experience, and PMP training. The education and experience requirements are pretty much correlated. This correlation is stated in the PMI requirements. If you are an associate, you require 60 months of experience to be eligible. On the other hand, a person with a bachelor’s degree requires 36 months of work experience. In addition to this, you must have professional training that earns you 35 PDUs (professional development units). These PMP PDU hours are also termed as contact hours.

PMP Certification Benefits

One of the main PMP certification benefits is that PMP being globally recognized accreditation. Obviously, it is due to the fact that PMP holders have earned this accreditation which is possible only after the aspirants meet the PMI criteria of education, experience, and formal training. For this sake, the candidates have practiced and applied these practices in real-time situations. PMP certification exam is considered as a tough one, but only for those who have not put in the right effort to qualify the exam. All this effort pays off as PMP benefits once you are a certified PMP. Then you start enjoying the PMP certification benefits. What are these PMP certification benefits? Now we will list the top 5 PMP certification benefits.

1-) PMP Certification Benefits: It Is The World’s #1 PM Certification

One of the PMP Certification benefits is this means achieving the world’s number 1 project management certification. PMP credential is offered by the Project Management Institute. It’s been offered for more than 30  years. You are considered in the front line of the project management profession. You can get the idea of PMP certification benefits from the fact that there are around one million PMP certified professionals around the world. PMP is the most popular project management certification. There are various project management certification programs. But some of them are confined to a specific domain or geographical location. Whereas PMP has a global presence and it does not limit to a specific industry or location.

A project is a temporary endeavor which means that every project should have a start time and end time to carry out the specific endeavor. Therefore the projects have defined scope and other resources like time and budget. In a project team, there are often people who don’t usually work together. Even project teams are formed from various organizations, various geographies, and cultures. All these factors add to the complexity of the project. Project managers play a key driving role to implement the projects. They transform the chaos into clarity by the application of their skills and the right tools. The main objective of the project managers is to deliver on-time, on-budget results. Consequently, having the PMP certification means that they have these skills and know these tools.

PMP Certification Benefits – An endorsement of your skills

In project management, you apply the knowledge, skills, tools, and techniques to project activities in order to meet the project requirements. PMP is an endorsement of the qualification of the project manager who can drive the project to success. Hence, as one of the PMP certification benefits, the companies recognize that certified managers are better at completing the project on time and within the budget.

If you are in the early stage of your professional experience and want to pursue your career in project management, then PMP certification will not only make up for the lack of experience. Moreover, it will also help you advance in the project management profession. In other words, PMP certification will take you to the next level.

You can also turn to more than 1,600 Registered Education Providers (R.E.P.s) for project management training and continuing development. PMI Global Accreditation Center (GAC) has recognized nearly 100-degree programs in institutions worldwide. This is a mere indicator of the popularity and authority of PMP Credentials.

2-) PMP Certification Benefits -Advantage in Getting Project Management Jobs

Organizations look for skilled professionals as their expertise is critical to the success of the organizational initiatives. Many organizations take initiatives due to a variety of reasons. These reasons may include:

• technology advancement,
• process re-engineering,
• environmental factors like sustaining as a market leader,
• or even to meet statuary requirements

All such factors pose a lot of pressure on management to meet and exceed these objectives. Hence organizations look for the key players who can successfully achieve their objectives. For this sake organizations are quite choosy to filter the ones who have furbished their resumes with the demonstrable skill set. PMP certification is a way to demonstrate your knowledge and skills. As one of the most important PMP certification benefits, PMP brings this tag value to your resumes. Hence it makes you a prominent and most suitable applicant for the PMP jobs.

In other words, we can say that the recruiters, looking to fill in the position of a project manager, use it as a filter criterion and prioritize the profiles with PMP credentials. When recruiting agencies fill in the positions for their client organizations, they tend to prioritize the resumes with PMP credentials over those who do not hold them. Because they are well aware of the worth of the PMP credentials. The value-adding factors include:

• practical demonstration of well-set project foundation,
• ability to groom and achieve,
• good understanding of the common language for the project managers and higher-ups.

Growing trends in Project Management

As one of the PMP certification benefits, we can say that the demand for certified PMPs is growing in recent years at a very fast pace. It is also expected that this demand will grow at a faster pace than earlier. According to Project Management Job Growth and Talent Gap analysis, the demand over the next 10 years for project managers is growing faster as compared to the demand of workers in other fields. According to the report, employers will need nearly 88 million individuals in project management-oriented roles.

These demands reflect the opportunities to advance your career in the project management discipline. More opportunities mean more options and more rewards. So if you want to keep growing and be successful, you need to align yourself with the best practices as well as the latest trends so that you can get better at what you are doing. When you obtain the PMP certification, you have set your standards to improvise based on a solid foundation. That will enable you to focus on your growth. In other words, the PMP certification will always make you prominent and need, once compared to other individuals at your experience level. So, we can include this in PMP certification benefits as well: PMP is an enabler of fast-paced growth within your career.

3-) PMP Certification Benefits – You Earn ~20% More

PMP certification has high standards and passing a PMP exam is not a piece of cake. You need to practice and make sure that you are ready to crack the exam. Therefore PMP certificate is an endorsement; that you have a good foundation of the project management framework along with education and experience. So this gives you an edge over the others who are not certified.

One of the main PMP certification benefits is that you get a salary advancement. PMP has been one of the highest-paid certifications. Also, the demands are indicative that the trend will keep on growing in the future as well.

According to another report, individuals holding PMI’s globally recognized Project Management Professional (PMP) certification have observed significant earnings increases in most countries. So as one of the PMP certification benefits, we can say that the PMP credential holders earn almost 22% more than their non-certified colleagues at the same experience level.

Factors Impacting Project Management Salary

According to the report, salaries depend on a number of key demographic factors. These factors include:

• Country of employment
• Number of years of experience in project management
•  Position/role
• The average size of projects managed, it includes the average budget and average team size.

According to the report, Switzerland, the United States, and Australia are the countries with higher median salaries. The median salaries in these countries are $132,086, $ 116,000, and $ 101,381 respectively.

In addition to this, the median salary increases based on position. For instance, in the United States, the median salary for the director of PMO is $144,000. And the salary for the portfolio manager is  $138,000, Likewise, the salary for the Program Manager is $125,000. And the salary for project manager III is $115,000.

Similarly, there is an impact of project size on the salary base don the project size. These also vary significantly from country to country. Another factor is the length of time of holding PMP certification.

Once you are a PMP certified project manager, you surely become an asset to your organization. Many consulting organizations even get value addition due to the PMP certification, it adds strength to their management force. Hence companies are willing to reward for the certification as they also get the advantage of their highly skilled force.

4-) PMP Certification Benefits – Common Project Management Language

Project management is multi-disciplinary and applied in several industries. The challenges of handling the projects very much rely on the skills of project managers. Hence these industries focus to empower their project management skills so they can succeed in their portfolios and programs.

The examples of industries include:

• pharmaceutical
• energy
• aerospace
• manufacturing
• finance
• information technology

All of these industries require key players to accomplish their projects. These key players include project managers and project teams. Therefore, whichever industry you are working in, you can excel in the project management field. For instance, a construction-based organization requires project managers with the education of civil engineering.

Similarly, the projects are also carried out among different locations with cross-cultural aspects. Many times multi-lingual aspects are to be taken care of. Many large projects are taken up as joint ventures of multiple companies with multiple cultures. In addition to this, there is another aspect of stakeholder management when projects are awarded across the globe. So the management of these outsourced endeavors needs to collaborate with the management of implementing organization. Project stakeholders are also at various levels of knowledge, culture, and experience. These varying factors bring the question of common understanding and language among the project teams.

PMP Certification Benefits = Common Lexicon

PMP highly recognizes the need to sort these gaps in communication. As one of the PMP certification benefits, we can say that it brings the PMP holders in a common platform of communication at various levels. This resolves the gaps and provides the best solution for a common platform for better understanding. Once the understanding is under one umbrella, so is the case for better communication. Communication is key to successful project management. One of the PMP certification benefits is that it brings a set of standardized vocabulary that you can speak across the board. When you refer to a project management term, it is understood by others as well. PMI has aligned all the professional certifications they are offering for project management. These include:

• Program management,
• Project management,
• Certified associate of project management,
• Certified Agile practitioner

All of these have a common business language. So everyone stays on the same page. PMI brings a common Lexicon of Project Management Terms. This lexicon offers a very clear and concise set of definitions of frequently used terms. These terms are used across various management levels and industries. So Lexicon is an essential tool that brings common and consistent usage of terminology. These standard terms promote better communications among project teams. No doubt! It is one of the main PMP certification benefits.

5-) PMP Certification Benefits – Following Emerging PM Trends

PMP certification requires you to earn 60 PMP PDU hours every three years to retain your certification. This pushes PMP certified professionals to follow new events, attend seminars, courses, and other events that will earn PDU credits. Thus, as one of the PMP certification benefits, PMP certified professionals keep learning new and emerging project management trends through several events and resources.

If you are a PMP, you must fulfill the continuing education requirements. This continuing education brings implied PMP certification benefits to the PMP credential holders. It provides the opportunity to groom the latest trends in project management. On the other hand, it does not force you to confine yourself to a certain topic of education. So project managers can earn and gear up for the new technologies and skills. These can ensure their readiness for more complex, and technology advanced projects. There are certain areas which include:

1- Emerging Trends: Project Management Approaches

The project nature has transformed from a detailed elaboration mode to agile mode. Likewise, the focus from extensive full-fledged planning is changed to priority based iterations. This results in different approaches to manage the projects. Additionally, the philosophy of the projects has also evolved. Now the projects are more towards handling technology advancement along with dynamic requirements. The philosophy emphasizes fast-paced delivery and adding value to the client.

These factors have resulted in a variety of project methodologies that range from waterfall to agile methodology. This range also includes the following:

• Spiral
• Continual development
• Extreme Programming (XP)
• Kanban
• Scrum Framework
• Scrum of Scrums.

It is essential for project managers to understand these various methodologies. So they can choose the best fit and implement as per project requirement. Many times, project managers need to implement hybrid approaches which is a result of combining traditional methodologies with the latest methodologies.

You can make better decisions provided you have a good knowledge of these methodologies. You can choose the right methodology. Also, you can focus on the tools and techniques to implement the right ones. Even if required you can identify and merge the methodologies to bring a more effective approach for your project. Hence the knowledge of the methodologies is essential for identification and customization to achieve the right fit.

2- Emerging Trends: Increasing Role of Artificial Intelligence

Artificial intelligence has been a topic for the latest trending technologies. It has also been realized as an important factor in the project management sector. These new trends of projects encompass the automation of various aspects of the organizations.

Business Process Re-engineering results in the improvement of processes within an organization. This improvement is achieved through the automation of the processes. Many organizations take initiatives to improve their operations. For this sake, they focus on the possible ways to explore and automate essential possible tasks. Automation of tasks can reduce human dependency. This means fewer chances of human errors and the implementation at a consistent rate regardless of distractions.

Automation has been vital in industries where hazardous material handling poses threats to human lives in addition to accessing the areas which are riskier for human lives or which are not approachable by humans. These have posed the organizations to come with innovative solutions. Projects in the field of Biotechnology, Robotics, Complex and lengthy processes are few examples.

Furthermore, the simulations and automation of the risk estimation based on several factors. These simulation tools can help project managers to manage the complexity within the project. Decision support systems, expert systems, and machine learning are the challenges of the future. No doubt a lot of exploration is already done in these areas.

Project managers need to grip these AI factors in project management so they can work on complex projects.

3. Emerging Trends: Project management tools

As there are a number of project methodologies, project managers opt with respect to the project nature. Likewise, there are numerous tools that project managers use to manage the projects. The first of them is project scheduling tools. Project managers use tools like MS Project, Primavera, Team Foundation Server, Version One. These software help project managers to plan the traditional project implementation as well as the agile sprints.

Once the project manager sets the road map of the project using these softwares, the team follows the plan to implement the project. The tools help the project managers to perform project planning, scheduling, and time tracking as well as communications and collaborations. Identification of the project progress becomes easy with the help of these tools. Project managers can identify the gaps in budget and time. So overall monitoring and tracking becomes easier with the help of these tools. The exposure of these tools will help you gain more value. Hence you will qualify for more PMP certification benefits with the passage of time.

4. Emerging Trends: Virtual Team Management and Collaboration tools

Nowadays, it is a common practice that the project teams are working remotely. All the team members are part of virtual teams which means that all the team members are not co-located. There are lot more tools that are not specific to project scheduling but these are the need of the day. Project managers should be well equipped with these tools to better communicate with the team. Slack, Zoom, Blue Jeans, and Skype for business are some of the well-known communication tools. Project managers use these tools to effectively collaborate among the team for real-time discussions and broadcasting.

Furthermore, you can use cloud-based storage to store and share the artifacts within the team. Tools like Mega and Dropbox are some of the examples that provide such features. In addition to this, there are many software development tools that support DevOps, Continuous Integration, Continuous Deployment, Test-driven development are the recent trends that have attracted a lot of attention and focus for the recent development. The expertise of remote management and focus on DevOps will be another factor of advancement which can result in PMP certification benefits in regards to the continuation of education as well as the latest technology experience.

5. Emerging Trends: Data Analytics

Project management focus is trending more on data analytics to gain more insight into the data and trends. These insights enable the decision-makers to get real-time latest information and take appropriate decisions. These decisions can help businesses grow with the support of fact-based decision making.

These analytics have enabled project managers to get the dimensional depth of the data. Project managers try to quantify things so that they can measure and manage the project well. Based on these data insights, project managers talk about facts and impacts. Organizations require such information to take well-informed data-driven decision making.

Project management software helps the organization to maintain and extract the details of the historic projects. This historic information helps the project managers to estimate and plan based on the historic information. For instance, for a certain type of project, what were the associated risks? Moreover, for a certain type of activity what was the team effort and associated budget? Furthermore, you can look for the reasons for the failure of a certain project type. Project managers can also use the lesson learned within the alike projects. All such information can help project managers to position their teams.

Many software provides high-level data and custom reports. Power BI, Tableau, SAS are some of the examples of the data analytics tools.

In addition to the aforementioned trends, Cyber Security and Emotional Intelligence are the more trending aspects. Project managers should focus on these areas to further enhance their careers and to keep abreast of the latest trends. This will help them to further pursue their careers and gain PMP Certification benefits.

Summary

In this article, we’ve shared the top 5 PMP certification benefits that PMP accreditation holders enjoy once they are PMP certified. Global recognition is one of the main PMP certification benefits. PMP certification is an endorsement of your project management knowledge and skills.

Another one of the PMP Certification benefits is that the PMP credentials are a hot favorite for the recruiting agencies. They give prioritization to PMP certification holders. Even some organizations make it mandatory to have PMP certification while inducting project managers.

We can also certainly include salary advancement in the PMP certification benefits. According to the recent surveys, the advancement of salary is also one of PMP certification benefits. Because PMP holders get more than 20% increased salary as compared to their non-certified colleagues of the same scale. Furthermore, the latest reports on the project management trends show an increase in the demand for project management jobs in the coming years. So this is also one of the PMP certification benefits for sure.

In addition to this, PMP certification brings a common platform for effective communication. The standardized terms have increased the influence in the communication across the board. And lastly, we discuss the latest PM trends in project management which gives you the idea to align your skillset while meeting the continuing education criteria set by PMI.

We hope this article helped you understand the PMP certification benefits that PMP certification can bring to its holders. We wish you the best of luck for your project management career advancement.

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