What is the Average Salary for a PMP Certified Professional?

08-Jun-2021

When a company hires a worker, emphatically, it looks out for many independent things. First is if the worker has relevant experience in the professional domain. Next, if the worker can serve the customer, client right, by improving on the performance of business functions; and for mostly, if the employee is completing the projects on time and if they are profitable for the enterprise and for accumulating bigger amounts of money.

Now, if a professional worker has it all, he can be hired and selected. If s/he fails to exhibit his/her agency at the time of the interview and other screening processes, s/he may forego a highly beneficial job opportunity!

In the 21st century, everybody - mainly an employer and an employee/worker need to be pretty sure about how things will turn out in the end. Will s/he fit in as an effective and efficient worker, will a company see a bright future in his/her moves, if a CV/Resume will bespoke for workers earned attributes, talents, and industry proficiencies, or if s/he will be able to manage his role in the best way possible!

We believe all of this demand a mark of value - a sign and credential of worth that speaks for professional’s advantage over other competitors in the marketplace. Also, it talks about their constructiveness, profitability, and efficacy in the long term. Today, in 2021, we have a way with us. Yes, you thought it right; we are talking about professional certifications!

The Significance of PMP Certification

The PMP certification is one such authority and name in the domain of Management, Healthcare, Construction, IT, and Energy. To conduct the right market research, organizations need more PMP credential holders.

The PMP certified professionals are hired to manage bigger projects, complete tasks on time, with remarkable profitability, and reach customer’s happiness with a marked sense of utility and achievement.

The need for PMP professionals and project managers with Project Management Professional - PMP certification is moving upwards at a faster pace than ever. It is mainly because the qualification and the right PMP certification training add more value to the skills and competencies that a learner already has. Today, the PMP certification has become an inevitable essential for project managers.

If you dream of a better-paid position, more consistency at work, a higher pedestal in the hierarchy of the organization, and good income incentives, with dreams of exponential growth, the PMP certification is for you!

Although for many, it is a tougher lane to be traversed, still as an aspirant if you can upgrade your work position with a PMP certification and an exam, it can eventually brighten up your possibilities of fetching a higher salary with a better job profile.

What is the Average Salary of a PMP Certified Professional?

According to surveys conducted in over 34 countries, analyzing 26,000 project managers showed that the average PMP salary in India is estimated at around INR 17 lakh every year.

If a professional is not PMP certified, and s/he performs the role of a manager, in any top firm, the worker is assumed to get a package around INR 12 lakh per year.

It is final if you have undergone a valid PMP certification training, taken the exam, passed it with an authentic number of experience hours, expected by the PMI, and taken up PMP certification, you will be a signified and a powerful leader of a highly qualified pack of workers and subordinates! You all will be working on a firm’s project - aspiring to be the best, supreme and unmatchable!

Here we enlist how much a PMP certified professional earns as an average salary (Country wise):

• India - 2 M
• USA - 112K
• UAE - 312K
• Germany - 82K
• Australia - 142K

Let’s have a look at what premier companies pay their employees, at an average (Company-wise):

• Accenture - ₹743k - ₹4m
• Capgemini - ₹848k - ₹3m
• Infosys - ₹862k - ₹3m
• IBM - ₹554k - ₹3m
• HCL - ₹744k - ₹3m

Chief Factors that affect your salary after PMP certification

Almost everything in the professional world is money-oriented. It is all about finances, funds, subsidies, and economic dealings with capital gains and losses of a business. Similarly, when a manager, analyzes the market and targets a particular company or an organization - be it private or governmental, s/he has one thing in mind.

What is that? It is all about financial gains, economic upliftment, higher pays, and best incentives. This means a Project Manager, Program Manager, Operations Manager, IT Director, or Vice President (IT) can ask for a better salary hike if s/he has a PMP credential.

The PMP certification opens all ways for the best pay in the world of IT, making it easy for an executive or human personnel to bid for better packages, best incentives, and finer deals while s/he switches his/her job, for a better position.

Currently, PMI’s many documented reports confirm the value of getting PMP certification. To access the real growing and expanding need of PMP professionals in various countries worldwide, surveys have been conducted in many countries.

PMI throws light on some of the key factors that influence how a PMP-certified worker will get paid in an organization. We list some of the important factors below for you:

• Position/Role in project management
• Average size of the project
• Average project team’s size
• Average project budget
• Type of industry
• Location of job
• Numbers of years experience in project management

It is witnessed that with large projects, the project managers and other IT professionals get to grab bigger opportunities for professional development and financial growth.

We can also say that, how much a PMP certified worker - on average - makes in a company depends on the type of task s/he is assigned, the number of people involved in the project, and majorly the economic investment that goes into it! These three factors top the list in deciding how much will be the PMP certification salary for a project manager.

The Project Management Institute (PMI) estimates that, in the coming years, there will be around 15.7 million new job vacancies in the domain of project management. There will be a 37% growth in the production of project-intensive sectors.

These will be - Finance, Construction, IT, and Manufacturing. Hence, we can say that in more progressive years, humans will advance in their professional lives as well. The move will be huge and towering concerning what is estimated today.

There will be an increasing demand for program managers, operations managers, and project managers with a worthy PMP professional certification. This will largely impact the average salary drawn by PMP professionals, in coming times. Undeniably, we will see a productive boost in the incomes of PMP executives and masters.

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