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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 Club’s PMP Courses to gain PMP Certification with fewer hurdles possible.
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.
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
Australia
Agriculture/Mining
$166,000
Australia
Financial services and Consulting industry
$ 150,000
United States
Pharmaceuticals
$125,000
United States
Agriculture/Mining, Consulting
$120,000
Canada
Agriculture/Mining
$115,000
Canada
Utilities
$110,000
India
Agriculture/Mining, Healthcare
INR 1800,000
India
Telecommunication, Engineering
INR 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.
So, if you wish to gain the benefits of being certified with the PMP Certification, you should check out the training courses which are being offered at the SPOTO Club.
