PMP Salary in 2024

Every Project Management aspirant is curious about the monetary growth that they will get from the Project Management certifications offered from the globally recognized PMI. Being one of the most sought out jobs for the current decade, financial growth is just one of the perks one gets from the PMP certification. With as much as 120 USD as an average salary in the USA alone, the Project Management aspirants are also looking at over 15 million job opportunities in the upcoming years.

The first question that an aspiring project manager asks for PMP is: What can I expect to earn as a PMP?(Project Management Professional) A project manager's average compensation in the United States is $75,000. PMP represents one of the most demanded jobs and is projected to provide more than 15 million new job opportunities in project management by 2023. Let's examine the PMP's pay perspectives.

Country-wise PMP Salary in 2023

The top countries where Project Management Professionals can get a competitive salary are USA, UK, Canada, India, and Australia. The table below shows how much a PMP will earn on average in these countries.

Country Salary
United States of America USD 120,000
India INR 2,000,000
Canada CAD 93,000
United Kingdom GBP 60,000
Australia AUD 130,000
Singapore SGD 96,000
South Africa ZAR 91,000
New Zealand NZD 117,000
Germany EUR 79,000
Switzerland CHF 119,000
UAE AED 312,000

PMP Salary in Various Job Roles

A project manager is mostly responsible for the project completion and coordination with engineers and clients. However, in every organization the function of a project manager is different. PMP is popular with project managers, senior project managers and operations managers. The following table shows the PMP salary for the top PMP job roles.

Job Role Salary per annum (in USD)
Project Manager 60,000 - 87,000
Senior Project Manager 65,000 - 115,000
Information Technology Director 80,000 - 143,000
Director of Operations 77,000 - 109,000
Program Manager 79,000 - 120,000
Project Manager, Engineering 64,000 - 105,000

PMP Salary Based on Years of Experience

The Project Management Professional salary increases with more experience. Let's look at how much a PMP can earn based on their years of experience.

Years of Experience Salary per annum (in USD)
< 1 59,000 - 64,000
1-4 60,000 - 71,000
5-9 70,000 - 1,00,000
10-19 90,000 - 121,000
20+ 120,000 - 150,000

PMP Salary in Top Companies

The demand of PMPs is at an all-time high. Some of the top companies in the world that employ Certified Project Management Professionals are IBM, Amazon, Bank of America, and more. Here's the Project Management Professional certified salary outlook in top companies.

Top Companies Salary (in USD)
Amazon Inc. 79,000 – 162,000
Northrop Grumman Corp 77,000 – 168,000
Deloitte Consulting LLP 93,000 – 173,000
Booz, Allen, Hamilton 73,000 – 144,000
International Business Machines (IBM) Corp. 83,000 -163,000

PMP Salary in Various Industries

Top Industry Salary
IT 120,000 USD
Resources 132,000 USD
Healthcare 108,000 USD
Consulting 132,000 USD
Sales/Marketing 106,000 USD

Conclusion

The salaries and the perks are quite promising but still need a very long and structured path to be completed. The eligibility criteria and the PMP certification exam format is not something one can easily achieve, it takes a lot of dedication, guidance and Project Management education. Enroll for PMP certification training by a PMI authorized training partner like invensis learning to not only fulfill the eligibility requirements, but to get that structured learning path for getting your PMP certification in your first attempt.

FAQs on PMP Salary In 2024

How Much Does Project Management Professionals Make in a year?

The Average Salary of PMP in the USA is $120,000 USD and in Canada is CAD 93,000. In Australia the average salary is AUD 130,000. For further details, refer to Project Management Professional (PMP) Salary in 2023.

How Much Salary Does a PMP Certification Increases?

PMI estimates that, on average, project managers with no certification in the United States make about $95,000 a year. Instead, project managers holding their PMP certification earn $120,000 annually. It represents an increase of around 25 percent salary increase on the basis of the PMP certification factor.

How Long Does PMP Stay Valid For?

PMP certification is valid for 3 years and You must earn 60 PDU every three years to keep your certification, beginning on the day that you pass the PMP certification exam. These PDUs include 35 educational PDUs and the rest of the 25 are the Giving Back PDUs. Find more details about “How to maintain PDUs for PMP certification”.

Syllabus of PMP Certification Training

Areas of Study

  • Proven leadership skills & techniques
  • How to communicate effectively?
  • How to create an effective project Schedule?
  • Project Risk Management
  • Ability to create an atmosphere of trust
  • Decision making skills
  • Managing conflicts
  • Agile way of project management
  • Educational Requirements:
    A four year degree along with 35 Hours of project management training or CAPM certification.

    Or

    A high school diploma/associate degree. With this an additional 35 hours of project management training or CAPMⓇ certification.
  • Professional Requirements:
    If you have a 4 year degree, you would also need experience of 36 months leading projects.

    Or

    If you have an associate degree/high school diploma, you will need experience of 60 months leading projects.
  • Exam Type: Closed book, Multiple choice, multiple responses, matching, hotspot, etc.
  • No Of Questions: 180 questions per paper, 175 scored
  • Exam duration: 230 Minutes
  • Result: The passing score is determined through psychometric analysis
  • The PMP Certification fees for PMI Members is USD 405 and for non-members is USD 555.

Job roles that can benefit from PMP Exam Prep Course include, but are not limited to:

  • Associate Project Managers
  • Project Managers
  • IT Project Managers
  • Project Coordinators
  • Project Analysts
  • Project Leaders
  • Product Managers
  • Program Managers
  • Project Sponsors
  • Project Team Members

Invensis Learning has been reviewed and approved by the PMI Authorized Training Partner Program to provide 4-day instructed led PMP Certification Training.

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 Knowledgehut'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.

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.

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