PMP Salary Guide: How Much Do Certified Project Managers Earn?

PMP salary in IndiaManaging complex projects isn’t child’s play. It requires professionals who can manage across various project environments. In India particularly, Project Management Professionals (PMP) are in high demand due to rapidly developing industries. As a result, it has driven an increase in the PMP Salary in India.   Today, a candidate can expect to earn a salary between  ₹ 7.0 Lakhs to ₹ 35.8 Lakhs with an average annual salary of ₹ 16.3 Lakhs, according to Ambition Box. Also, after receiving the PMP certification, applicants can work as Project Managers, Computer Scientists, and Software Publishers, etc. Additionally, as other Project Managers have acknowledged, this accreditation has incredible returns on investment.  So, if you want to see your future secure, then it is the right time to start looking for lucrative PMP salaries across industries.

Not sure where to start? Read this blog to know about the PMP salary & career opportunities in India and other locations based on job title, skills, experience, and education in 2023.

Table of Contents

1) What is meant by PMP Certification?

2) Reasons to Pursue PMP Certification Courses

3) PMP Certification Salary in India

4) What are the ways in which PMP Certification can help you get a well-paid job?

5) Jobs and Scope under PMP Certification

6) Can PMPs in India expect a salary raise in 2023?

7) Conclusion

What is meant by PMP Certification?

The Project Management Institute (PMI) offers a certification known as Project Management Professional (PMP). It is a Project Management Certification acknowledged worldwide that trains applicants to manage people and processes through different Project Management approaches. This aids experts in meeting project requirements on schedule and ensuring the highest level of client satisfaction.

It is indeed the Project Management Certification that is most in demand globally. So, if you want to become a PMP certified professional with a high-end salary, this certification will assist you in highlighting your expertise, qualifications, and abilities necessary to lead project teams and follow them through to completion.
 

Reasons to Pursue PMP Certification Courses

Here are a few primary reasons why you should pursue PMP Certification Course:

1) Aids in developing Project Management skills, such as monitoring processes, applying principles to projects, and leading your team to success.

2) Helps you comprehend and practice several techniques required for delivering a successful project.

3) Compared to other professionals competing for the same post, having the PMP Certification raises your professional stature.

4) According to PMI's survey on earning power, a PMP Certification can significantly boost your income potential, thus raising your salary expectations. It also reported that individuals with certification earned higher median salaries than those without a PMP Certification.

5) Obtaining PMP Certification will help you join the list of 79% of Project Managers globally who possess the PMP Certification. 

6) You will have the chance to network with 6,00,000 Project Managers worldwide if you decide to pursue the PMP Certification.

7) The output of project-intensive businesses like finance, manufacturing, construction, and  Information Technology (IT) is expected to expand by 37%, and there will be 15.7 million new job prospects in Project Management.

Start your preparation today – register for the Introduction to Project Management course today!

PMP Certification Salary in India

PMP Salary in India, typically, ranges from INR 7 to 36 Lakhs annually, which varies significantly according to the level of experience, region, organisation, and even according to gender. Let’s have a look at the average salary of a Project Management Professional across various domains.

1) PMP Salary in India based on Job role

The average salary of PMP Certified holders are listed below according to job roles:
 

                                                                                               Source: Glassdoor

2) Region-based PMP Salary in India 

Across the country, the salaries of a PMP can vary significantly. Following are the salaries of PMPs across Indian subcontinent.
 

                                                                                                  Source: Glassdoor

Also, check here to know the PMP salary across the globe in detail!

3) Gender-based PMP Salary in India

IPMP Salary in India can differ based on the gender of a person. Here’s how the pay gap looks like:

                                                                                                            Source: Glassdoor

4) Company-based PMP Salary in India 

Different companies offer different pay to Project Management Professionals. While top-tier companies pay you a lucrative salary, other startups can lag in paying the professionals. Here’s the list of companies that are paying high salaries to PMPs.

                                                                                                   Source: Glassdoor

5) Industry-based PMP Salary in India

While a salary difference exists among companies, it is also visible across industries. For example, in Business Process Outsourcing (BPO), the PMP Salary can be as high as ₹17.6L per year. While the advertising sector only pays an average of ₹10L per year to experienced PMPs. Here’s a detailed list of industries paying high salaries to PMPs:
 

                                                                                                Source: Glassdoor

What are the ways in which PMP Certification can help you get a well-paid job?

Below we have listed 5 best ways to achieve a high-salary job through PMP Certification-

1) The PMP Certification Enhances Your Resume-

The challenges one must overcome to earn the PMP certification are well acknowledged. As acquiring this certification requires time, effort, and commitment, overcoming these obstacles is challenging for many aspirants. But, the certification will significantly improve your resume as a beginner in the profession of Project Management. The certification will advance your career as a professional with a record of accomplishment to back it up! Recruiters typically use the certification to shortlist from potential candidates.

The PMP credential provides training with in-depth, advanced exposure to industry projects. Industries appreciate the PMP’s because it shows a capacity to follow carefully defined procedures while managing regulated and delicate projects, such as developing a new drug for public consumption. Now you must be clear why PMP ranks top among the top project management certifications!

2) Learning a Common Global Language through PMP-

Along with enhancing your employment opportunities, PMP® certification training enables you to become fluent in the Project Management jargon that executives and other Project Managers use. Project components that a candidate could not previously articulate are demonstrated in PMP training. For instance, the project's objectives, the resources required, the assumptions made, the risks accepted, and the limitations stakeholders must work within.

A reliable, tested foundation is provided by PMP training to support efficient communication. A candidate immediately gains the employer's preference once they have demonstrated their ability to locate and resolve these issues. Corporates have a high preference for such individuals considering them worth a well-paying salary.

It is simpler to speak on an equal level with clients and vendors when you are conversant in the common PMP language. The use of common language speeds up, simplifies, and increases the effectiveness of brainstorming sessions by reducing the need for explanations and examples.

3) High Demand for Certified Project Managers-

Project Managers will continue to be in demand if there is a human enterprise. According to a ComputerWorld survey, 40% of IT executives plan to employ project management specialists.

Any organisation dealing with Project Management challenges must accept Project Management techniques because the approach to handling projects is constantly evolving. Furthermore, as new digital markets and industries emerge, the number of new projects will increase tremendously. These two factors should keep the need for Project Management specialists relatively high for an exceptionally long time.

4) Networking Connections-

A potential applicant must first join the Project Management Institute (PMI), which connects them to the world of certified Project Managers, to apply to become a PMP. According to PMI's 2016 Annual Report, over 740,000 PMP members exist worldwide, and this figure is increasing annually.

For most major metropolitan areas, the PMI regularly hosts meetings where members gather to network and gain more knowledge of the Project Management sector. These meetings are also designed to assist PMPs in obtaining the necessary Professional Development Units for the PMP certification renewal process.

The members looking for other PMP’s will be presented with a wide range of new career prospects during these networking events. People often have time designated during these meetings to discuss the employment opportunities available at their various organisations.

Apart from PMI events, there are a variety of alternative platforms where Project Management Professionals can network, engage in offline and online interactions, examine potential career paths, and keep abreast of recent advancements in the field of Project Management.

5) A Little Experience Can Go a Long Way-

As was previously mentioned, candidates for the PMP exam must meet several requirements that companies highly value. Candidates must accumulate thousands of hours of experience in Project Management. To be eligible for the examination, you must have at least 60 months of work experience with an Associate Degree. In contrast, you will need close to 36 months of Project Management work experience if you hold a Bachelor's Degree. While this might seem like a high endeavor, PMP Salary more than makes up for it.

There is a stringent PMP audit process to ensure that prospective candidates are truthful about their prospects. Now that you have the PMP Certification on your profile, potential employers can see that you have put a lot of effort into earning this certification. This significant amount of quality job experience will reflect upon your future employment and salary by backing up your abilities.

Understand and learn how to lead and direct successful projects. Register for our PMI Project Management Ready Course today!

Let’s discuss the Jobs and Scope under PMP Certification

PMP Certification can open a lot of job opportunities with a well-paying salary for the certified candidates. As more and more businesses are setting up their offices in India, the PMP job market is growing bigger and bigger. Thus, anyone seeking a sustainable and lucrative job in India can go for Project Management Professional jobs.

But, before anything else, it is important to know if this field is for you. Here’s how you can go for PMP jobs:

1) Eligibility   

To be certified as a PMP, a candidate must complete specific educational and professional prerequisites before taking the PMP exam. The following are the essential PMP requirements for enrolling in a PMP certification course.

a) A four-year Bachelor's Degree or a High School Diploma is required for the position.

b) Applicants must have three years of Project Management experience.

c) Applicants should have 35 hours of Project Management education/training or  Certified Associate in Project Management (CAPM) Certification, as well as 4500 hours for graduates and 7500 hours for Diploma holders of a project leading and supervising experience.

2) Skills Required

A Project Manager needs a wide range of skills to be effective. A successful project requires various interpersonal abilities, including technical and conceptual ones.

The necessary skills entail:

a) Excellent communication, decision-making, and motivational capabilities.

b) Political and cultural sensitivity, effective leadership abilities, and conflict resolution.

c) Skills in creating a team, negotiating, training, and developing trust.

3) Job profiles

Your ability to command more pay than your competitors help you achieve a high-salary job you have always dreamed of.

In IT, manufacturing, finance, healthcare, and other intriguing fields.

The following table lists PMP Certified Jobs with job profiles, job salaries and job descriptions- 
 

                                                                                                            Source: Glassdoor

4) Leading Recruiters

The following table lists the Top-Notch organisations that employ PMP-certified professionals-
 

Check out our course to develop a program and Project Management standards. Register in Program Management Professional (PgMP)®  course today!

Can PMPs in India expect a salary raise in 2023?

India has become one of the fastest-growing economies. It is representing itself globally and actively adapting as well as contributing to the latest technological advancements. Most of the world’s best MNCs find it a suitable ground to expand and open possibilities of doing businesses.

Therefore, one can say that for anyone who wants to begin their career in Project Management, it is the right time to invest. Moreover, career opportunities are only going to increase for beginners and existing professionals. Thus, leading to an increase in the salaries in 2023.

Conclusion

As you have read, the career opportunity for a Project Manager is vast and rewarding in terms of PMP Salary in India. We hope we have provided you with enough information to know about PMP Salary to kick-start your journey in Project Management.

The Knowledge Academy offers the best PMP Training courses to help you train and achieve this highly sought-after certification and boost your career.