Salary comparison for PMP certified professionals versus non-PMP certified professionals

Introduction:

Project Management Professional certification is an industry-recognized credential with international recognition for project managers. PMP exhibits the experience, education, skill and competency required to lead and direct projects. It is a professional designation offered by the Project Management Institute (PMI). Project Management Professional consists of all the steps that are executed in a project starting from the initiation of the project until the conclusion. The sole purpose of this course is to ensure that there is an improvement in the success rate of projects in all areas of knowledge, by applying a standardized and evolving set of project management principles that are offered in the course. PMP certification acts as a certification of professionalism all over the globe. Each step taken in a project is crucial as it will determine the success rate. Project Management Professional certification will help you to take every step of the project process efficiently with no errors. Today, PMP certification has become essential for project management. Salaries provided to PMP certified professionals are different when compared to those individuals who don’t hold a PMP certificate. Let’s compare the salaries to find out how important PMP certification is in the project management sector.

Skills you will learn from the PMP course:

After completing your PMP course, you will be able to understand the basic characteristics of the project and also what is project management. The training also enables you to get an idea of the Strategic Management and Project Management Office. This will further help you to build a strategic plan which will ensure that your plan towards project management is foolproof. This course will help you understand the product management life cycle. Influence of multiple factors on a project, learning various processes are covered during the PMP course as they are crucial elements that cannot be ignored.

Salary Comparison:

According to the 9th PMI salary survey, a PMP certified project manager tends to get 20% higher salary when compared to a non-certified project manager. The survey conducted, covered 26,000 project managers in 34 countries including 1,197 professionals from India. If we talk about salary difference in India, a PMP manager can expect up to Rs. 17 lakh per annum, while a non-PMP manager earns only 12 lakh per annum. The remarkable salary difference is noticed on the basis of gender. The average pay for male PMP manager varies between Rs. 6,59,179 to Rs. 21,73,384. On the other hand, the salary for a female PMP manager varies between Rs. 4,60,107 to 17,54,870. Moreover, this number is calculated after considering various roles and experience levels for a PMP. Therefore, you may get a 20% upward revision in PMP certification salary if you go by the survey results. Apart from certification, your experience in this field will also play a crucial role in determining your salary. Although PMP certification increases your salary on an average of 20%, if you already have been in this sector of work for many years, it may do wonders to your basic pay. The hike would be an added beneficiary after PMP certification. The top job profiles that deliver maximum worth of PMP Certification are IT Project Manager (Rs 793,585 to Rs 2,119,428), IT Senior Project Manager (Rs 1,172,525 to Rs 2,559,417), Software Development Manager (Rs 821,760 to Rs 2,309,586), Project Manager, Program Manager (Rs 491,610 to Rs 2,739,591) and Engineering Operations Manager (Rs 308,613 to Rs 1,618,782 ).  You may be wondering how would PMP certification have a positive impact on your salary. The only reason is that PMP training focuses on the main 5 phases of project management; project initiation, planning, execution, monitoring, and closing. According to the survey reports, India stands out as the global leader in hiring PMP-certified professionals in the coming years. PMP certification is hard to get, but the instructor-led training designed with Global Blended Model of Approach (GBMA) makes the task easier.     

Conclusion:

This is the overall understanding of what PMP is and what it’s worth. PMP certification can help you climb up the salary chart as well as do wonders for your project management skills. With a PMP certificate, you can now become a professional certified project manager. Preparing for your PMP exam can be hard for the first time. It will be a wise option to choose a PMP exam preparation course from a reputed training center.

ANALYTIXPRO can help you achieve the desired results in your PMP examination. From giving you the best preparation to helping you with the applications, everything is available conveniently through Analytixpro.

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