![]() ![]() One of the best ways for doing that is to attain the renowned PMP certification and get better job opportunities that will quickly increase your salary. How much is 22% ? In layman language, Whatever your CTC is (cost to the company) currently, remove the last zero and double the amount – that is how much you are losing now by NOT being PMP certified.Are you a professional working in project management and looking forward to enhancing your career or increasing your salary? If yes then you must be wondering what are the quick ways to increase the PMP salary. What all this boils down to is that if you are not already PMP ® certified, you are loosing 22% more salary that you can possibly earn. Respondents with PMP ® certification report 22% higher median salaries than those without PMP ® certification. But what the report truly indicates is that there has never been a better time to be a PMP ® certified project manager. “There’s never been a better time to be a project manager”, states the PMI Salary Survey, Eleventh Edition (2020). The Final Verdict of the PMI Salary Survey This includes managing multiple projects at the same time with the goal of improving the overall performance and efficiency of the company. It is the responsibility of the project manager to manage the budget. When a company creates new products or implements new strategies, it comes with a cost. A project manager should have the planning and foresight to complete the project efficiently. It is more than just getting a project done. One of the main parts of Project Management is to manage a project strategically. As you will be overseeing several people throughout the project, you must be able to manage them for ensuring that the project completes on time and budget. Top skills for a Project Manager to earn moreĪccording to the survey, here are the key skills that you should develop to boost your project management earning power: LeadershipĮven though this is not the latest skill, it is one of the most important ones for becoming a program project manager. Project Management – Highest paying industriesĪccording to the PMI report, the highest paying industries for project management are: PMP salaries by years of experience Years However, the median salary depends on several factors such as their country of residence, years of experience, position or role and the average size of projects managed, including average project budget and average project team size. They are also more likely to get better compensation. The top 3 countries on median salary figures were:Ĭandidates with a PMP certification are prioritized over non-certified candidates. One can thus slice and dice the figures to extract an amazing amount of insights into how project management in general and PMP certification can impact the salary of employees across industries, verticals, positions, and geographies. The report is of about 360 pages long, with quite a detailed information segregated by countries. The huge sample size and the large number of variables on which data is collected are a testimony to the efforts by the PMI to obtain the survey results meaningful and as close to real world as possible. Data is collected from about 32,000+ project managers spread across 42 countries, and across different industries and verticals.įurther, information is collected by PMI’s team regarding different salary variables such as – Position Description, Years of work experience, Years worked in key techniques, Years worked in Project Management, Highest Formal Education level, Degree in Project Management, PMP ® status, Training per year, Gender, Department/Function, Industry, Type of project, Number of employees in the organization, Average Project Team size, Typical project budget, and many more. The scale of the PMI salary survey is vast. The Final Verdict of the PMI Salary Survey How much data is gathered as part of the PMI Salary Survey?
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