Does It Pay to Earn a PM Certification After One Year?

There has always been a discussion regarding professional credentials, and we often see many recruiters seeking specific accreditations in their job listings. However, is a professional certification required to get a job? Does it increase my salary?

We have conducted a survey where the results for the post-Project Management (PM) certifications are captivating. So let’s see, read till the end.

First Attempt PM Exam Pass Rate

iCert Global candidates have around 98% first-attempt success rate.

Based on the survey, over 95% of the candidates who appeared for the exam have succeeded in the first attempt. The rest of the individuals are those preparing for their credential exam and couldn't sit for the test in one year.

The prep process for the certification exam differs from one individual to the next. As iCert Global, we provide 100% self-paced and online training courses for PM certifications such as PMP, CAPM, PgMP, and PMI-RMP.

If you opt for a self-paced program, it's entirely up to you how much time you dedicate to completing the course training. Moreover, we always suggest that the candidates support their study schedule with various materials like flashcards or sample tests.

If you are a working professional with a tight schedule, the entire study period required to complete will be longer.

If you're looking to obtain a certification in PMP, refer to our PMP training program - Corporate, e-learning, and Instructor-led live online classes.

Promotion or Found New Jobs

Achieving a certification increases the pay scale; instead, it brings new opportunities. Around 40% of the participants who earned a project management credential in one year stated that they either found a new job or got a promotion in their present company.

If you're already working or want to start a career in the project management field, acquiring yourself a professional accreditation is highly beneficial. You can either get a promotion in the existing firm or get a brand-new job role.

Salary Increase by More Than 10% or Maybe 20%

There is much debate circulating whether achieving a credential increases the pay scale.

Over 30% of our candidates who earned a project management accreditation in one year had a salary increase of 10%, and about 12% of them had more than 20%.

Considering the present pandemic scenario and financial turmoil globally, workforces with professional certification earn more than non-certified peers.

There are many professional credentials that you can achieve, out of which PRINCE2 certification is popular in countries like Australia, the UK, and New Zealand, whereas PMP certification is popular in the USA, Germany, UAE, India, and others.

Here is a list of average income received by professionals with PMP certification in different countries:

Helping Professionals in the Early Years of Career

When it comes to years of experience, employees who have experience of less than 5 years receive handsome remuneration when they achieve certification. Around 35% with a minimum of 5 years have salary raise of 10% or more, while over 20% increased their pay scale by 20%.

Around 13% of individuals with more than 5 years of experience said they increased their pay scale by 20% after obtaining a professional credential.

This shows that achieving an accreditation significantly boosts if you're a newcomer in the project management industry, as recruits look for more evidence that you're qualified to execute specific tasks offered.

Starting a career is not easy, as many good positions often need significant experience. But you can handle this barrier by acquiring a professional certification.

Concluding Thoughts

Organizations want to keep up with the swift transforming global environment in today's corporate world. To do so, they have to deliver more innovative services and products to satisfy customer demands. This makes PM skills highly valuable as it's the projects that add to new services and products.

Getting a PM certification differentiates you from other skillsets competing for the same jobs.

PMI's PMP certification has global recognition and demand. Hence, it's the most recognized accreditation for project managers. But like, stated, PRINCE2 might be more beneficial if you're working in New Zealand, UK, or Australia. You can begin your PM career with PRINCE2 Foundation certification and develop your skills with PRINCE2 Agile Practitioner credential.