What Is The Average Salary Of A PMP Certified Professional In The United States?

What do you think a PMP certified professional draws as salary in United Sates?

PMI’s Project Management Salary Survey 10th edition, states that the salary can anywhere between $80,000 – $110,000 in the United States depending upon the number of years in experience, job position, location, and certification status. There are other factors that will influence your pay and perks like your employer and employment.

Look at the infographic to draw insights about the salary and various factors that influence and impact the figure that you carry home.

Factors that influence PMP salary

Experience, Roles & Responsibilities, Position and Certification status:

The salary will always vary as the composition of the team is never uniform. Even with Project Managers who have the same experience, the pay can be different and that’s where you factor the PMP Certification.

According to PMI, a PMP certified project manager draws 23% more than non-certified peers. That’s the earning power of PMP certification, considered a gold standard in project management that makes the Project Management Professional (PMP) ® certification holders stand out. It’s a great differentiator and decider too.

The roles and responsibilities assigned as part of your job description have a significant bearing on the salary. And so does experience - the more in experience draws more.

The PMP certification is valid for 3 years. Many professionals after the euphoria of passing the PMP exam and joining the elite professionals tend to overlook and some even forget to maintain their PMP credentials.  To maintain your PMP credentials, you will have to recertify by earning 60 PDUs every three years. There is no need to write the exam for renewal. This is to ensure you are in touch with your profession and stay abreast of the prevailing best practices and changes across the world. By renewal, your status of PMP will reflect as “‘PMP with good standing.”  And this ‘active’ status of PMP does impact your compensation, especially the 5-10 years or Top experienced Project Manager with more than 10 years.

PMP – Supply vs. Demand

How many active PMPs are there in the world? The official number as released by PMI is 1 million.

(source: www.pmi.org)

What is the market demand for PMP professionals? About 2.2 million per year as per the PMI-commissioned talent gap analysis. The job opportunities project a positive outlook for PMP certified professionals.

At the same time, the report highlights a critical deficit in Project talent as the need for skilled professionals has increased phenomenally in numbers, but the availability of the resources is abysmally low. 1 million is hardly a number when the need is more than twice the figure. It's no wonder PMP is at a premium and hence the pay difference between the certified and non-certified stands at a substantial 23%.

PMP – Return on Investment (ROI)

How much does it cost you to get PMP certified?

The cost involved in getting the PMP certificate:

• PMI membership – non-negotiable, costs $139
• PMP exam fee: for a member, it costs $405. Non-member, the cost will be $555
• The cost of PMP certification training to gain 35 PDUs
• The cost of buying study materials.

Now add them up. It is going to be a little over $1000.

Check the statistic: PMP holder median pay is $111,000 as against $91,000 for a non-certified professional in the United States.

So over a $1000 investment, you could potentially earn $111,000 per year, and the returns will be recurring.

One of the factors influencing your salary will be the employer or the company as observed in the infographic. It is so because there are companies that do reimburse the employers for the exam and membership fees - which make the ROI, go higher.

Hence, as a project manager, your salary will increase when you are PMP certified and helps you to contribute to your profession with remuneration inline experience and position.

For more information about professional certification, please visit us at https://www.icertglobal.com or call now on +1-713-287-1213 / 1214 or e-mail us at info {at} icertglobal {dot} com.

Do visit our Corporate Training to know more about core offerings for enterprises in empowering their workforce.

For more information about our PMP (Project Management Professional) exam prep certification training courses, visit us at https://www.icertglobal.com/

Download Free PMP® Exam Practice Test with 200 PMP® Questions. 
Full-length PMP sample test with 200 PMP exam prep questions. 

Download our Free PMP Brochure for more information.