What Is The Average Salary Of A PMP (Project Management Professional) Certified Project Manager Worldwide?

What Is The Average Salary Of A PMP (Project Management Professional) Certified Project Manager Worldwide?

Companies are setting major hiring goals and for a project manager, the most decorated and distinguished PMP certification is a key differentiator. PMP certified professionals set themselves apart with their experience, expertise and exclusive skill-set in leading and managing complex projects. Project Management roles call for in-demand project management skills to demonstrate your capabilities and competencies – and that’s where PMP will prove to be the clincher.

The increasing demand for skilled project management professionals and the excellent salary levels make PMP highly desirable for both project managers and potential job seekers. 

(source: www.pmi.org)

The demand for PMP professionals cannot be met by the existing supply as there are just 1 million PMP holders against the need for 2.2 million per year as per the PMI-commissioned talent gap analysis.

Some statistics about Project Management opportunities:  

• By 2020, there will be more than 15.7 million roles created for project managers.
• The project management profession is further estimated to grow by $6.61 trillion.
• PMP certification directly translates to a rise in salaries. PMPs draw 23% more than non-certified peers.
• What is the mean household income in the United States? The mean household income in the United States, according to the US Census Bureau 2014 Annual Social and Economic Supplement, was $72,641
   What Is The Average Salary Of A PMP Certified Professional In The United States? According to, PMI’s Project Management Salary Survey 10th edition, it is $110,000. Look at the difference a certification can add value monetarily.
• The growth in project management roles is forecast by 13.4 million through 2020. The expanding job markets, the project management roles   will increase in 10 countries (Australia, Brazil, Canada, China, Germany, India, Japan, Saudi Arabia, United Arab Emirates and the United Kingdom as reported in Talent Gap: Project Management through 2020)

Source: PMI’s INDUSTRY GROWTH FORECAST

The Average Salary Of A PMP Certified Project Management Worldwide

The source for the data represented in this blog is the Earning Power: Project Management Salary Survey, 10th Edition from PMI.

Salary Based On Employment

The salary structure for PMP varies from country to country. The countries where project management professionals report the highest median salaries

Surprisingly, its not the United States (US$112,000), that tops the chart for the highest median salary project management professionals. It is Switzerland (US$130,996). Egypt is the country with the lowest median salary(US$10,159).

Salary based on Number of Years of Experience in Project Management

Salary based on certification status

PMP certification has to be renewed to maintain the “active” status. One of the factors to influence the salary is the certification status. The tenure of the PMP certification has its added advantage.  South Africa tops the list for median salary at 58%for PMP certified professionals as compared to those without PMP credential.

Salary Based On Position

The position with added roles and responsibilities plays a significant role in deciding the salary. The PMP professionals draw more as salary with respect to their designation. Higher the position, the higher the pay. It can be inferred from the survey that Nigeria, offers the highest in terms of the median salary for a Project Manager III (US$30,305 ),  Project Manager 11 (US$20,735 ) and Project Manager I (US$13,079).

Salary Based On Project Size

Project Managers managing larger projects and big teams are paid more. However, the variance of salary with regard to team size changes from country to country.

Footnotes:

For a more detailed and comprehensive study of the PMP salary worldwide, you may please visit https://bit.ly/pmpsalaries

Are you interested in learning more about the top IT certifications that working professionals are aiming to target in 2020?  Read our blog on 'Top 10 High Paying Certifications to Target in 2020.’

RECOMMENDED POST:

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