PMP credential holders have a demonstrated knowledge of proven project management strategies, and they are presumably equipped to complete projects on time and on budget. So, by holding an internationally recognized and respected PMP certification, you can easily demonstrate your value in a global market.Ĭompanies and clients alike are quick to recognize the benefits of having a PMP certification holder on their team. It’s easier than ever for companies to reach into new markets and engage with international clients. Why is the global appeal valuable? Living in the digital age has facilitated a new level of globalization. The PMP certification is recognized on a global scale, holding value in both the U.S. One way to broaden your career horizons is to hold a certification that provides both domestic and international recognition. You can use this certification to propel your career to new heights. But, you’ll also earn the respect of your peers, employers, and clients. When you hold this certification, you’ll definitely earn a higher average salary, like we mentioned above. The PMP certification is the most widely recognized project management certification in the world. The PMP Provides Global, Professional Recognition So, in less than a decade, there will be a staggeringly high demand for PMP certified individuals, but will there be a workforce to fill them? This need is why many project managers are pursuing the certification. It’s estimated by 2027, there will be 90 million project management-related job roles that need to be filled, according to the Project Management Institute’s (PMI) ® Earning Power Report. Those with the PMP certification are valuable assets – and, it looks like companies worldwide are getting the hint. Whether a company wants to implement a new organization-wide software solution or coordinate an entire organizational restructuring, PMP credential holders are the people for the job. Why Does a PMP Credential Holder Earn More? About one-quarter (26%) reported increases of at least 5% over that time period.” Plus, you can expect to continually increase your earnings as your career in project management progresses and matures.Īs stated in PMI’s Project Management Salary Survey 10th Edition, most project managers surveyed “(70%) report that their total compensation (including salary, bonus, and other forms of compensation) increased over the 12 months prior to completing the salary survey. That’s about a 25% salary increase based on the PMP certification factor. Project managers that do hold their PMP certification instead earn $120,000 per year. earn, on average, approximately $95,000 per year. PMI estimates that project managers who do not hold a certification in the U.S. PMP Certification Salary Rangeīecause PMP credential holders offer so much value to companies, you can expect to earn more in your project management role compared to your previous salary or the salaries of your non-certified peers. As an older generation of the workforce leaves, this industry vacuum contributes to the need to hire PMP credential holders more than ever. Another factor that could play into this demand for PMP credential holders is high retirement or attrition numbers. So, as processes and business strategies change, the need for project managers, change managers, project analysts, and the like will only increase. Plus, the role of PMP certification holders is carrying greater weight than ever as companies adopt more project-oriented modes of operation. If you’re hired by a company to successfully manage and deliver projects and you use the PMP certification skills you’ve gained, you can reduce project spend and increase profitability for your employer. In fact, hiring a PMP certification holder can yield a high return on a company’s investment. Earning a certification shows that you have the necessary skills to lead a team. While earning your PMP certification requires a major investment of time and effort, the monetary benefit is worth the hard work. Increase Your Earning Potential with A PMP Certification
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