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.
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 |
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 |
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 |
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 |
Top Industry | Salary |
---|---|
IT | 120,000 USD |
Resources | 132,000 USD |
Healthcare | 108,000 USD |
Consulting | 132,000 USD |
Sales/Marketing | 106,000 USD |
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.
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.
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.
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”.
Eligibility Criteria
Or
A high school diploma/associate degree. With this an additional 35 hours of project management training or CAPMⓇ certification.Or
If you have an associate degree/high school diploma, you will need experience of 60 months leading projects.Exam Format
Exam Fees
Who Should Attend?
Job roles that can benefit from PMP Exam Prep Course include, but are not limited to:
Authorized Training Partner
Invensis Learning has been reviewed and approved by the PMI Authorized Training Partner Program to provide 4-day instructed led PMP Certification Training.
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 Knowledgehut'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:
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:
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
Option 2
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:
How can I renew my PMP certification?
Enrolling in PMP Training with a PMI Authorized Training Partner offers numerous advantages:
What is the pathway to achieving PMP certification?
The journey toward PMP certification follows these steps:
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.
How do I enroll for training?
You can enroll for training by following below mentioned points:
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:
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:
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?
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