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

Why should I consider getting PMP certified?

PMP Certification enhances your project management skills, credibility, and career opportunities. It validates your expertise and demonstrates your commitment to the profession.

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.

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

You can utilize a non-programmable basic calculator to address questions within the PMP exam.

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

PMP-certified professionals are in demand globally, especially in regions with powerful industries, such as technology hubs, financial centers, and emerging markets.

PMP-certified professionals can pursue roles such as Project Manager, Program Manager, Portfolio Manager, Project Coordinator, and other leadership positions.

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.

Many employers actively seek PMP-certified professionals for project management roles due to their proven skills and ability to drive successful projects.

PMP Certification is valued across IT, construction, healthcare, finance, manufacturing, and more industries, wherever project management is essential.

PMP Certification enhances your professional credibility, career growth, and earning potential. It opens doors to leadership roles and global opportunities.

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.

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.

The PMP exam syllabus covers many project management domains, including people, processes, and business environment.

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.

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.

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.

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.

Read the question carefully, identify the problem, analyze the options, and choose the best answer based on project management principles.

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.

Yes, we have many PMP practice exams and simulation tests available that mimic the real exam environment and help you assess your readiness.

PMBOK Guide, practice exams, study guides, assessments, and reference books from reputable sources are essential for comprehensive preparation.

Prepare systematically by studying the PMBOK Guide, using reputable study materials, taking mock exams, and reviewing your weak areas.

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

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.

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.

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 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.

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

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

Yes, PMP Certification is widely recognized and respected internationally. It's a testament to your skills and expertise, opening doors to global opportunities.

PMP Certification is valid for three years. You can renew it by earning Professional Development Units (PDUs) and demonstrating ongoing professional involvement.

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

What are the modes of training provided by Invensis Learning?

Invensis Learning provides 5 different modes of training in the form of:

  • Instructor-led live online (virtual) training
  • Instructor-led classroom training
  • On-site group training
  • Focused 1-to-1 training
  • Self-paced E-learning

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

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

Please check the website regularly to check for new offers and discounts happening throughout the year. You can also get in touch with one of our training consultants through chat to check if any discounts are available.

For all the certification training courses, you will receive their official certificate. Upon completion of the certification exam, the results will be immediately announced. If a participant has cleared the exam, your digital certificate will be made available immediately. But, if you require a hard copy of the certificate, you may incur additional cost and it will be delivered to your address in 2-3 weeks of time.

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

Please check out our refund policy page to know more if you cancel your enrollment.

No, English is the preferred language for the mode of training delivery. Any language other than English will have to be custom request which will be fulfilled at additional cost and availability of a native language trainer.

If you would like to know more about a course, you can mail us at support@invensislearning.com or call us at (+91 96202-00784) or chat with our training consultant to get your query resolved.

PMI-ACP Exam Prep certification is beneficial for various roles, including Project Managers, Scrum Masters, Product Owners, Agile Coaches, and anyone involved in Agile project management seeking career advancement. These roles are highly sought after in industries that rely on Agile frameworks to improve project outcomes.

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