PMP Salary Across the Globe - Project Management Professional

Are you here considering getting Project Management Professional (PMP) certification? Well! If you like leading a team and are a multitasker, then this career can be the right choice for you. Gaining a PMP certification will open up many opportunities for you in Project Management roles. PMP certificate is provided by the Project Management Insititute (PMI). PMI says that more than 2.2 million new Project Management job roles will be created by 2027.

If you're in Project Management, one of the most incredible will be the hike in average annual salary. As per PMI, in the project management field, PMP average salary is 16% more than those without the PMP certification.

If you're asking what the PMP certification benefits or what your future will look like in terms of PMP salary are, then read this blog till the end. It is good to decide if it's taking up the PMP certification is worth it, as it will require a lot of your time and effort to pass the PMP certification exam.

Table of Contents

1) PMP Salary – An Overview

2) PMP salary based on location

3) PMP salary based on experience

4) PMP salary based on job roles

5) PMP salary offered by top companies

6) Benefits of getting PMP Certification

7) Conclusion

PMP Salary – An Overview

The PMP certification is one of the most important certifications in the market today to work as a Project Manager. When a non-PMP Project Manager's salary is compared to one with a PMP certification, the difference is nearly 20%. If you're curious about How Much Does a Project Manager Earn, the PMP certification can have a significant impact on a Project Manager's earning potential.

Various factors influence the salary hike for Project Managers with PMP certification and differentiate them from those who do not have one. The three main aspects on which PMP Salary is formulated are location, experience, job roles., and more. Let us look at these in detail.

PMP salary based on location

Let’s now move to analyse how much you can earn as a Project Manager with PMP certification based on the location you are employed.

Source – From PMI’s Project Management Salary Survey

PMP salary based on experience

Obtaining a PMP certification salary will open gates to never-ending opportunities for you in Project Management job roles. Let's see how PMP’s salaries grow with the increase in their work experience In Project Management.

Source – From PMI’s Project Management Salary Survey (2018).

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PMP salary based on job roles

Now, let's see how much you can make in different job roles. Your kind of profession also has a significant impact on the income that they receive. According to Glassdoor, these are the average annual salaries based on different Project Management job roles:

PMP salary offered by top companies

As mentioned above, most of the time, your PMP certification Salary will depend on the country you're working in, the type of job role linked to you, and your experience in the field. The final yet integral aspect of your PMP Salary is associated with your company. Let us look at the average salary paid by top companies to PMP-certified employees.

Benefits of getting PMP Certification

A PMP certification will help you gain the skills to lead projects of any scope and scale. A skilled Project Manager's job is to optimise the value of the resources from the project to the organisation. PMP certification in your portfolio will help you land your dream job. You will be the first choice of potential employers compared to your peers without the certification.

Let's see what the benefits of taking up PMP certification in detail are:

1) Your resume will stand out

PMP certification is recognized internationally. Your resume will stand out compared to other Project Managers without PMP credentials. They know you are a hardworking professional, as obtaining this certification requires tremendous time, effort and dedication. Usually, recruiters use PMP certification as a criterion to narrow down the list of prospective candidates applying for the job role. Preparing for interviews?

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2) Ensures your knowledge of the common global language

A PMP credential ensures the employers that you are well versed with the required Project Management skills and best practices. Aside from enhancing your employment chances, PMP® certification trainingallows you to gain expertise in the worldwide standard language of project management, which is recognised by executives and other Project Managers worldwide. PMP certification ensures the employer of your problem-identification and solving skills.

3) High demand means high opportunities

Project Managers are in high demand across industries, including healthcare, banking, IT and communication, among many others. As per PMI, around the world, organisations will require more than 87.7 million PMPs by 2027. Furthermore, as new digital markets and sectors emerge, the number of new projects will continue to grow exponentially.

4) Global Networking

When you apply to become a PMP on PMI, you will be provided with an arena by PMI to network with PMPs worldwide. According to PMI's 2016 Annual Report, there are over 740,000 PMP® members worldwide, and this figure continues to grow year-on-year. During these networking sessions, you can also find newer job opportunities for those looking for fellow PMP professionals.

5) Higher salary

PMPs earn more salary than those Project Managers without the certification. According to the PMI Earning Power survey conducted by PMI, project managers who do not possess a certification earn an average annual salary of 84,860 GBP per year. On the other hand, project managers with the PMP certification make 107,300 GBP per year. This means 25% more salary than your peers without the certification.

Conclusion

After reading this blog, we hope you understand that PMP salary differs from location to location and is also based on the individual's experience. In this blog, we highlighted the salary earned by professionals in the project management field all around the globe.

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