PMP Certification Compliments Compensation See Your Salaries Soar

Did you know the average annual salary can go up to $81,000 USD? It’s exciting to study the top 10 countries with the highest median annual salaries for project practitioners. Your resume gets only 6 seconds to strike an impression. The threshold is that small a window. The initial credibility has to be telling to take the conversation forward. The door opener ought to be something valuable. As testified by Project Managers in a survey published in techrepublic online journal, many accounted PMP® certification as ‘the compelling factor’ in being counted. Else they won’t consider your CV. So the counsel is a PMP-packed profile will surely get past the screening process. Experience can further be strengthened with education. The PMP® certification is more about the science of project management in delivering successful projects. Certification is a clear indicator that you possess the relevant knowledge and expertise. Research undertaken by PMI® shows that Organizations that fully understand the value of project management and place a high priority in creating a culture that recognizes its importance report 71 percent of projects meeting original goals and business intent versus 52 percent that place a low priority on it. Besides, chances that one can clear the checks and balances created by PMI are favorably presumed to be equipped with expertise and proficient in their profession. Does a PMP® certificate make a Project Manager more successful in managing project with time, scope and budget? There is a business value to every deal signed. What’s the assurance the Project manager will deliver? Study reveals that a certified Project Manager, when weighed from all distinguishing parameters, has a better shot at success. And more often delivers. For that kind of competence, the PMP® professional commands an attractive compensation as compared to their non-certified counterparts. The ninth edition of PMI’s Earning Power: Project Management Salary Survey states that “those with a PMP certification garner a higher salary (20% higher on average) than those without a PMP certification.” Before we arrive at why salaries surge for certified PMPs as compared to the non-certified, let’s first deliberate why certifications count at all. Statistics reveal seven out of 10 projects fail. So what’s the best bet that a certified professional will perform? The PMI's 2008 Pulse of the Profession research found "that having project managers without PMP certification results in a lower percent of projects coming in on time and on budget—especially when less than 10 percent of the project managers in the company are PMPs. Organizations with less than 10 percent of project managers who are PMPs are also much less likely to indicate an increase in projects successfully meeting the goals and business intent." This is not to drive home that certification alone is the clincher as there are other factors that do impact project completion, but one cannot downplay or undermine the significance certification lends to success. That’s the point. The grind in getting a PMP certification is certainly rigorous given the prerequisite of practical experience and the hours invested in preparation to earn the credential. And the paycheck as well. The informed insights as published in PMI’s Earning Power: Project Management Salary Survey In the United States, keyed out project managers in the pharmaceuticals industry reported the highest median salary ($125,500), followed by those working in agriculture, mining and natural resources ($120,640) and consulting ($120,000). Other industries posting high median U.S. salaries include aerospace ($115,000), engineering ($112,000), utility ($110,425), government ($110,000) and information technology ($110,000). The median salary of U.S.-based respondents holding a PMP certification was $111,000 versus a median salary of $91,000 for participants without PMP certification. Interestingly, the median salary was based on a number of key demographic factors, especially the Country of employment, PMP status, and years of project management experience, project team size and budget. Some of the salient highlights listed below for your immediate attention: