2023 PMP Salary All Characteristics: How much will you earn if you get PMP?

You might have heard that the PMP- Project Management Professional certification is considered to be quite crucial to project managers. As a cost savvy project manager, you would consider the expected PMP Salary hike equally important to what would be your ROI- (Return on Investment). So, herein we are going to talk about what is going to happen to the Salary of PMP in 2023. Also, SPOTO's PMP Courses and PMP Exam Dumps to gain PMP Certification with fewer hurdles possible.

PMP Certification Salary:

You may be currently working as a project manager in your organization and you might have seen some of your friends who would have acquired the accreditation of PMP, but you are unaware of the PMP Salary hike. You might also have heard about the hardship from which they have gone through for being part of that elite group of PMPs. You might have a question in your mind regarding the cost of PMP Certification versus the benefits of being certified with the PMP.

PMI Salary Survey: The Lowdown

If you would be comparing a PMP salary vs. non-PMP project manager's salary, you would be shocked to notice the difference of about 20% of a sizable amount. In the United States, if you would be looking forward to the median of PMP salary, i.e., a Salary of a PMP certified project manager which would be about $111,000 as against the salary of non-certified project manager which would be about $91,000.

What is the source of the above-mentioned information?

This is taken from the self-declared information of 26,000 project managers which are spread across 34 countries. You might be thinking that the United States of America would be having the highest median salary for the PMP Certified Professionals, if yes that you are wrong. Not the USA, but it is Switzerland which would be having a median PMP salary of about $130,000 which would be followed by Australia, United States, as well as the United Kingdom. The lowest PMP Salary was fond out to be in Egypt.

If you would be doing a project manager in South Africa, you would be gaining the highest benefits of PMP salary - 47% more than the non-certified professionals. While if you would be working in the United States or Canada, you would still be able to gain a 22% and 21% salary hike in your PMP salary respectively as against your friend or colleague who is a non-PMP certified professional.

Country Industry Median PMP Salary

AustraliaAgriculture/Mining $166,000

AustraliaFinancial services and Consulting industry $150,000

United StatesPharmaceuticals $125,000

United StatesAgriculture/Mining, Consulting $120,000

CanadaAgriculture/Mining $115,000

CanadaUtilities $110,000

IndiaAgriculture/Mining, HealthcareINR 1800,000

IndiaTelecommunication, EngineeringINR 1700,000

These are figures which are taken from the salary survey from PMI of the ninth edition of "Earning Power". As you would be able to see, whichever country or industry you might be belonging to the earning power or PMP salary is would be going to higher than what you would be gaining without a certification.

Who would be able to Apply?

An experienced project manager who would be required to meets the following requirements:

Performing their duties under wide-ranging administration and are accountable for all characteristics of the project for the life of the project
Directing and Leading cross-functional teams for delivering the projects within the constraints of budget, schedule as well as resources
Demonstrating adequate experience and knowledge of applying appropriately a methodology to projects that would be reasonably well-defined project deliverables and requirements.

Comparing PMP Certification Salary with Others

As the discipline evolves and PMPs continue to command higher PMP salaries than those without PMP certification, you can expect to see an increasing demand for project managers, especially those who enter professional work after graduation. In addition, hard project management skills such as using project management software and recognized expertise in project management techniques will become more necessary. Professionals with PMPs will be the first choice for hiring.

Get Certified to Earn a higher PMP Salary

The PMP® certification is definitely a distinguishing factor in applying for a job in the project management industry, considering the expanding job market, unique skills, and glowing reputation. Whether you are striving for an entry-level project manager salary or a senior project manager salary, improving your skillset will undoubtedly pay off in the long run. Employers will spend many hours finding the perfect candidate through many resumes. It is vital to distinguish yourself from your peers and competitors.

So, if you wish to gain the benefits of being certified with the PMP Certification, you should check out the training courses or PMP Exam Dumps which are being offered at the SPOTO. Get started today and grab that amazing PMP salary now!