Many project managers are considering becoming certified. They wonder if they can get a job as a PMP®. If so, what is the salary? The certification is a significant investment of time and money. It’s important to determine if this decision is worth it.
Let’s look at a few numbers and statistics to understand where the PMP certification might lead you to –
- An experienced PMP project manager earns 20% more than a non-certified manager.
- Only 58% understand the importance of project management. This leaves you with a lot of potential for your project management skills.
- PMI’s annual survey found that 68% of respondents used contract or outsourced project managers in 2018. This is more than 2/3 of the organizations. Organizations are actively seeking qualified project managers to join their ranks.
India’s PMP-certified professional’s make over 17 Lakhs per year, with a PMP salary of up to 40 Lakhs each. These PMP salaries alone are enough to justify a PMP®.
Competitive Edge of PMP
To spice up their resumes and show their commitment to their work, increasing numbers of people enroll in certification courses. Both recruiters and candidates see certifications as a major advantage.
The PMP® is not just the most reputable Project Management certification, but one of the best certifications to get across the board. Many professionals want to become PMP® and it is clear from the numbers. A high salary is the main draw to pursuing a PMP certification.
What other benefits can a PMP® certification provide? Is it possible to get a job on these highly competitive markets with this certification? Here are some ways you can get the PMP salary you have always desired!
How Does the PMP Certification Help You Find A Job?
1.PMP Makes Your Resume Stand Out
It is widely recognized that the certification has many obstacles to overcome in order to become a PMP®. Most employers find it telling that you have to overcome these obstacles. It takes effort, time, and dedication. A certification in Project Management will make your resume stand out as a great asset. Certification will make your career more successful if you are a veteran with a track record. Most recruiters use certification to reduce their candidate pool.
Rosemary Guzman is an Executive Recruiter for Hook the Talent. She told the same source that many recruiters prefer this certification to a master’s. While a master’s degree is essential for many reasons, a PMP®, which shows that a rigorous set of criteria has been met and approved by Project Management Institute, a national authority in project management, is more valuable. The PMP®, a credential that offers extensive and high-level exposure to projects in the industry, is available.
Tim Wasserman, Program Director of Stanford’s Advanced Project Management Program says that highly-regulated industries like aerospace, pharmaceuticals, and financial services do not accept candidates without the PMP®. These industries value the PMP®, which demonstrates the ability to follow strict processes and oversee sensitive projects such as creating a new drug that is available for public consumption.
2.PMP Imparts Knowledge Of A Common Global Language
You can improve your job prospects by learning PMP®. This training will help you become proficient in Project Management, the international standard language that is used to communicate with executives and other Project Managers. The PMP training shows segments of a project that candidates may not have been able to articulate before. The project goals, the resources required, assumptions made, risks taken, constraints and constraints are all part of PMP® training.
PMP is a time-tested, solid framework for effective communication, provided by PMI®. Employers will be more likely to hire candidates who have demonstrated the ability to solve these problems.
It is easier to communicate with vendors and clients using the same PMP language. The common language reduces the need to explain and give examples and makes brainstorming sessions faster, easier, and more productive.
3.There Is A Demand For Certified Project Managers
Project Managers will continue to be in high demand as long as there is human enterprise. Andrew Kallman, Enterprise Agile Coach, found that Project Managers are in greater demand than Agile Coaches and Agile Project Managers. Below is the graph that shows this difference.
Project management is constantly evolving. Therefore, any company that addresses these issues must use standard and formal project management methods. As new digital markets emerge and new industries develop, so will the number of projects. These two factors will ensure that the demand for Project Management professionals is high for a very long time.
A potential candidate must first be a PMP® before they can become a PMP®. Member of the PMI(Project Management Institute), which introduces them into the world of certified Project Managers. According to the 2016 Annual Report of PMI, there were more than 740,000 PMP®, and this number keeps growing every year.
PMI holds meetings in major cities where members gather to share information and build relationships. These meetings are also designed to help PMP obtain the valuable Professional Development Units required to renew their certification.
These networking sessions offer a variety of career opportunities for members who are looking for fellow PMP®. These meetings often allow members to present the job opportunities at their organizations.
There are many resources for PMP® aside from PMI meetings. These resources allow PMP to connect and interact both offline and online to create communities, explore career possibilities, and reflect on the most recent developments in Project Management.
5.Little Experience Can Make A Big Difference
As mentioned, the PMP® exam requires that aspirants meet a number of requirements that employers value highly. Candidates must have accumulated thousands of hours and have a high level experience. For an associate’s degree you need at least 60 months experience to be eligible to take the exam. A bachelor’s degree requires close to 36 months experience.
To ensure honesty about potential candidates, there is a strict audit process. Employers will see that the PMP which you have on your resume, is proof of your hard work and quality work experience.