PMI Membership Fees: Guide to Benefits, Costs & Renewals
As everyone knows, PMP certification is the gold standard certification for project management. However, acquiring one is difficult as it includes specialized formal training and rigorous hours of practical experience to pass a certification exam. It takes a lot of time, and this process also helps validate your project management skills. In addition, it ensures that you have the knowledge of the highest standard that makes you apt for the role of a Project Manager.
PMI plays a huge role in becoming a certified PMP professional. As all know, PMI is the accredited governing body for PMP certification. It offers many benefits to all project managers, and PMI membership is one among them. PMI offers many membership options to aspiring project management professionals, and they must be aware of them. So, today, let us talk about PMI membership and its fees.
PMI Membership Benefits
The Project Management Institute (PMI) is the world's leading project management organization, with over 700,000 global members and more than 300 local chapters worldwide. PMI membership demonstrates your commitment to your project management career and professional development.
PMI states, "Membership is part of the world's leading community of project, program, and portfolio professionals."
PMI membership gives your career an edge that highlights your dedication to employers, colleagues, and the community. In addition, it provides access to knowledge, networks, and resources that help you improve and advance.
PMI Membership Fee
Project Management Institute (PMI) offers four types of membership options
- PMI Individual membership
- PMI Student membership
- PMI Retiree membership
- PMI Group Membership
Let us discuss them below one by one.
1. PMI Individual Membership
This type of membership is open to any individual or professional who pays the applicable fee to join the PMI community. It is beneficial for industry professionals who want to enhance their project management knowledge and skills and implement the acquired knowledge in their projects.
2. PMI Student Membership
The cheapest form of membership.
A student membership is only available to students enrolled in a full-time undergraduate or degree program. However, it helps students or learners who are willing to become aspiring project managers in the future. As mentioned above, the PMI membership cost is the lowest among the available membership types.
3. PMI Retiree Membership
Retire membership applies to professionals who have renounced active careers in project management and taken the retiree status. It is also useful for those who want to remain part of the PMI community but have no interest in pursuing project management in their future careers.
4. PMI Group Membership
This membership is available only to organizations or universities. The enterprises that want to take up this membership must have a group of 15 or more people interested in joining PMI and then can pay the PMI membership fees. If you are already part of such a group, you can directly contact PMI and get the membership.
The table below includes the PMI membership renewal fee and membership fee for the mentioned types of PMI membership.
| Membership Type | Membership Fee (One Year) |
Renewal Fee (One Year) |
|---|---|---|
| Student Membership | $32 | $32 |
| Individual Membership | $139 | $129 |
| Retire Membership | $65 | $65 |
| Group Membership | NA | NA |
Is PMI Membership Worth it while Aiming for PMP Certification?
Answering this question is pretty much easy. The simple answer is: Yes, of course, joining PMI as a member is worth it.
Reduction in the PMP Exam Fee
The first and foremost benefit of being a PMI member is that it helps you to save money. PMI offers a discount to its members for applying to the PMP certification exam.
The regular PMP certification fee is $675, but the fee is reduced to $425 for PMI members. Although this is a direct saving of $150, it is not. You will have to shell out $139 for individual membership, but you can still save $11.
The PMI membership gives many benefits, such as
- Membership access gives you PMBOK for free
- Have a chance to join the local chapters of PMI
- Avail discount on PMP exam fees and save money on many globally recognized certifications
- Boost your skills through many free webinars and events
- Stay ahead of deadlines by getting access to 1,000+ free tools and templates
- You can re-attempt the PMP Certification exam if you cannot pass on your first try and can save up to 100$
We can also find many other benefits. Let us discuss them in detail now.
As mentioned earlier, PMI membership is an "add-on" advantage if you are an aspiring project manager. You are benefited in most of the ways:
Discounted Access to Huge Project Management Resources
As a PMI member, one can easily save up to 20% on PMI publications available in the PMI store. In addition, all the resources related to PMI's exams and PMI's online self-learning courses covering project management can be used for free. Also, you can download the latest version of the PMOBOK free of charge.
One can also download many other relevant standards and frameworks for free. For Example, some of the Standard for Program Management, Practice Standard for Scheduling, Practice Standard for Project Risk Management, and many others.
Be a Part of the PM Network
Every PMI member is entitled to receive free copies of the PM Network and PMI Today Magazines published by the PMI every month. They can either be delivered to your doorstep or in your email free of charge.
These copies provide you with the latest updates in the project management stream and within the PMI and its local chapters. In addition, interviews, in-depth articles, and case studies will help you increase your knowledge and skills.
Have an Advantage from Your Local PM Community
Once you become a PMI member, you will have a chance to understand PMI local chapters. In addition, project managers, professionals, and other experts can use this platform to enhance their professional network.
Earn More PDUs
The PMI has a large library of free webinars that you can watch to earn an unlimited number of PDUs. Anyone with an active PMI membership can access projectmanagement.com and watch the webinars to stay updated on the latest developments.
However, if you are PMP certified, you can watch these webinars while earning PDUs. These PDUs will be automatically reported to PMI, and you can renew your PMP credential for another three years for free with them. Their website categorizes PDUs for PMP, PMI-RMP, and PMI-SP, among others. This makes earning PDUs for all of your PMI credentials easier.
Annual Renewal PMI Member Fees
After you become a PMI member, you must renew it regularly. Therefore, you will pay the annual renewal fee, which is $119 for PMI members. If your PMI membership ever expires and you want to rejoin PMI again, you will be considered a new member. You must also pay a $129 membership fee plus a $10 joining fee.
Is it Essential to Become a PMI Member Before Taking the PMP Exam?
No, PMI membership is not mandatory to take the PMP exam. You can apply for the PMP exam without being a member of the PMI. There is no problem with that. However, I strongly advise you to join PMI before applying for the exam because it will save you money. As previously stated, one can save up to 11 USD. As a result, if you join the PMI and then apply for the PMP exam, you will pay USD 405.
Obtaining a PMI membership provides certain benefits that will assist you in navigating your PMP journey with ease. In addition, your PMI membership at the local PMI Chapter allows you to expand your network by attending various events. These events allow you to attend various sessions, including informal meet-ups. Furthermore, you can work with like-minded people to create and share consumable tools, content, and resources.
Conclusion
Joining PMI offers various benefits for professionals seeking to advance their careers in project management. With access to valuable resources, networking opportunities, and certification discounts, PMI membership provides immense value for individuals looking to stay competitive. While membership fees may vary depending on membership type and location, the investment is well worth the opportunities for professional growth and development that PMI provides.
FAQs on PMP Certification
Where can I enroll in PMP Course classes to become a certified Project Management Professional?
Numerous options for PMP exam preparation are available, including courses offered by the Project Management Institute (PMI), universities, colleges, and private companies. Your choice should align with your learning preferences and budget. Selecting a course that matches the latest PMI standards is vital.
Invensis Learning provides a PMP Certification Training course tailored for PMP-credentialed project managers. This course prepares you comprehensively for the PMP exam and meets the latest PMI standards. Choose a course that suits your learning style, and Invensis Learning's PMP Certification Training is recommended.
How can I proceed with PMP re-examination?
Undertaking the re-examination for Project Management Professional certification needs to be completed. You possess three opportunities to take the PMP exam within a year of approval. Failing all three mandates a one-year hiatus. To reapply, visit pmi.org, remit the re-examination fee, and obtain a fresh eligibility ID. This ID facilitates exam scheduling without a required waiting duration. Follow these steps:
- Request re-examination
- Await prior result registration (typically 3-4 business days)
- Secure a new exam slot within the one-year eligibility window
Is calculator usage allowed during the PMP certification exam?
You can utilize a non-programmable basic calculator to address questions within the PMP exam.
What types of PMP exam questions should I anticipate?
The PMP exam comprises questions from three distinct domains:
- People (42%): Focuses on vital soft skills for leading cohesive teams
- Process (50%): Concentrates on the technical intricacies of orchestrating successful projects
- Business Environment (8%): Emphasizes aligning projects with organizational strategies and objectives
Are there any specific regions where PMP-certified professionals are in high demand?
PMP-certified professionals are in demand globally, especially in regions with powerful industries, such as technology hubs, financial centers, and emerging markets.
What job roles are typically associated with PMP Certification?
PMP-certified professionals can pursue roles such as Project Manager, Program Manager, Portfolio Manager, Project Coordinator, and other leadership positions.
Can PMP Certification lead to higher salary opportunities?
Yes, statistically, PMP-certified professionals tend to earn higher salaries than their non-certified counterparts, reflecting the value of their expertise. PMI says that PMP-certified professionals earn 16% higher than non-PMP-certified professionals.
Do employers actively seek PMP-certified professionals?
Many employers actively seek PMP-certified professionals for project management roles due to their proven skills and ability to drive successful projects.
In which industries are PMP Certification highly valued?
PMP Certification is valued across IT, construction, healthcare, finance, manufacturing, and more industries, wherever project management is essential.
What career benefits can PMP Certification offer?
PMP Certification enhances your professional credibility, career growth, and earning potential. It opens doors to leadership roles and global opportunities.
How soon will I receive my PMP exam results?
You'll receive a preliminary pass/fail result immediately after completing the exam. PMI will send you an official score report later, which includes details about your performance.
What is the exam environment like for the PMP exam?
Depending on your chosen mode, the exam is typically conducted in a secure testing center or online. It's monitored to ensure a fair and secure testing environment.
What topics are covered in the PMP exam syllabus?
The PMP exam syllabus covers many project management domains, including people, processes, and business environment.
Where and how can I register for the PMP exam?
Register for the PMP exam through PMI's official website. Select a testing center or opt for an online proctored exam, depending on your preference.
Do you assist with the Exam Application Process?
At Invensis Learning, we are dedicated to aiding your PMP certification journey. Our expert team supports you through the application process, ensuring all requirements are met. Valuable insights, tips, and strategies are provided to increase your chances of PMP exam success. Our resources encompass a comprehensive training course, practice exams, study materials, and a supportive PMP community. Our services not only enhance your application process but also provide exam readiness. This holistic approach distinguishes us from other PMP certification courses, making us a preferred choice.
Is the PMP course and training material effective for PMP Exam preparation?
Invensis Learning's PMP course and training material offer the most effective resources to excel in your PMP exam on the first attempt. It comprehensively covers the exam syllabus and provides valuable practice opportunities, making it an optimal choice for aspiring PMP candidates. To ensure a strong exam preparation, start early, diligently follow the step-by-step study plan, seek guidance from mentors, solve mock and simulation exams, and engage with PMP-style questions. With determination, you can achieve exam success and earn your certification.
How do I apply for PMP Certification?
Apply through PMI's online portal, detailing your project management experience, education, and contact information. If your application is accepted, you'll receive instructions for scheduling the exam.
Are there any specific strategies for tackling situational questions in the PMP exam?
Read the question carefully, identify the problem, analyze the options, and choose the best answer based on project management principles.
How can I manage my time effectively during the PMP exam?
Plan to allocate time wisely for each question, but don't dwell too long on one question. Skip difficult ones and return to them later.
Are there any mock exams or practice tests available for PMP preparation?
Yes, we have many PMP practice exams and simulation tests available that mimic the real exam environment and help you assess your readiness.
What study materials are recommended for PMP exam preparation?
PMBOK Guide, practice exams, study guides, assessments, and reference books from reputable sources are essential for comprehensive preparation.
How should I prepare for the PMP exam?
Prepare systematically by studying the PMBOK Guide, using reputable study materials, taking mock exams, and reviewing your weak areas.
Do I need any prerequisites for enrolling in PMP training?
There are a set of minimum requirements to be met for PMP certification. The prerequisites to take the PMP certification exam are:
Option 1
- Educational Background: Secondary degree (high school diploma, associate's degree, or the global equivalent)
- Project Management Experience: 60 months leading and directing projects
- Project Management Education: 35 hours of project management education or CAPM certification
Option 2
- Educational Background: Four-year degree
- Project Management Education: 36 months hours leading and directing projects
- Project Management Education: 35 hours of project management education or CAPM certification
Are there different modes of PMP training available?
Yes, our PMP training is available in various formats, including in-person classroom sessions and virtual live training, allowing you to choose what suits your learning style.
How can I choose the right PMP training program?
Look for accredited training providers that offer a comprehensive curriculum, experienced instructors, flexible schedules, and positive reviews from past participants. Invensis Learning is one such training provider which is recognized globally.
What does your PMP training involve?
Our PMP training covers project management concepts, methodologies, and exam-specific topics. It prepares you for the PMP exam and provides practical skills for effective project management.
Upon completing this PMP course, what certification will I receive?
Upon successfully finishing the PMP course, you'll earn two certificates:
- A course completion certificate signifies your mastery of project management concepts and skills
- A 35-hour PDU (Professional Development Unit) certificate validating completion of the training required by PMI for PMP Exam eligibility
- These certificates underscore your expertise and dedication to professional growth in project management.
How can I renew my PMP certification?
Enrolling in PMP Training with a PMI Authorized Training Partner offers numerous advantages:
- Access to PMI-approved, up-to-date training content aligned with the PMP Examination Content Outline
- Instruction from PMI-approved instructors with practical project management experience
- Guidance and support to ensure your success
- Networking opportunities with fellow project managers to learn from diverse experiences
- Flexible learning formats, such as online, in-person, or blended, tailored to your preferences
What is the pathway to achieving PMP certification?
The journey toward PMP certification follows these steps:
- Confirm eligibility for the PMP exam
- Complete 35 hours of training from a PMI Registered Education Provider
- Apply for and schedule the PMP exam
- Pay the exam fee ($405 for PMI members, $555 for non-members)
- Develop a study plan utilizing the PMBOK Guide and other resources
- Successfully passed the exam to earn the title of Certified Project Management Professional
- Showcase your PMP credential to establish global recognition in project management
Is PMP Certification recognized internationally?
Yes, PMP Certification is widely recognized and respected internationally. It's a testament to your skills and expertise, opening doors to global opportunities.
How long is PMP Certification valid once obtained?
PMP Certification is valid for three years. You can renew it by earning Professional Development Units (PDUs) and demonstrating ongoing professional involvement.
What is the PMP exam's success rate?
The PMI ceased disclosing pass rates after 2005. Nonetheless, it is widely believed that the PMP pass rate remains below 70%. The amalgamation of commitment and intensive training from a PMI Authorized Training Partner forms the successful formula for acing the PMP exam on your initial endeavor.
General FAQs
How do I enroll for training?
You can enroll for training by following below mentioned points:
- Select a course
- Select a schedule of your choice
- Select the mode of your training
- Click on “Enrol Now” button
- Fill the necessary details to make the payment
- Get all the course materials to prepare for the training
- Join the training on the scheduled date
Can I opt for a customized schedule other than what is mentioned on the website?
Yes, you can opt for a customized schedule which is not there on the website. But getting custom schedules will depend on few criteria mentioned below:
- Focused 1-to-1 training can be customized as per your choice
- Group training of more than 5 participants can be customized
- On-site training can be customized as per clients’ requirement
How much discount will I get if I enroll for training?
What is the certification that I will get after completing my training?
What will be included in my training?
Once you enroll for training from Invensis Learning, you will receive:
- A copy of course material
- Study guide Prepared by SMEs
- Practice Tests
- Retrospective session
- Access to free resources
- Complimentary additional training session
- PDUs for relevant courses
- Course completion certificate/Official certificate
What is the refund amount I will get if I cancel my enrollment?
Please check out our refund policy page to know more if you cancel your enrollment.
Will the training be delivered in a native language if a participant choses to?
If I want to know more about a course, whom should I connect with?
Corporate Training Solutions
- Industry-Experienced Trainers
- Delivering Expert-Led Sessions Globally via Live Online Training
- Tailored Courses in Your Language
- Customized Training to Meet Your Specific Needs
Get the Invensis Learning Advantage
Popular Training Categories
Popular Courses
- PMP Certification |
- PRINCE2 Certification |
- Change Management Certification |
- ITIL Foundation Certification |
- CAPM Certification |
- Lean Six Sigma Green Belt Certification |
- Lean Six Sigma Black Belt Certification |
- Root Cause Analysis Training |
- Lean Fundamentals Training |
- Six Sigma Awareness Training |
- Kaizen Training |
- VSM Training |
- DevOps Foundation Certification |
- COBIT 5 Certification |
- SIAM Certification |
- MS Project Training |
- Project Management Fundamentals Training |
- Lean Project Management Training |
- Scrum Fundamentals |
- CSM Certification |
- CSPO Certification
- PMI®, PMP®, CAPM®, PMI-ACP®, PMBOK are registered marks of the Project Management Institute. Inc.
- ITIL® is a registered trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved
- PRINCE2® is a registered trademark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved
- PRINCE2™ Agile are trade marks of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved
- The Swirl logoTM is a trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved
- DevOps Foundation® is registerd mark of the DevOps institute®
- COBIT® is a trademark of ISACA® registered in the United States and other countries
- CSM, A-CSM, CSPO, A-CSPO, and CAL are registered trademarks of Scrum Alliance
- Invensis Learning is an Accredited Training Provider of EXIN for all their certification courses and exams