The Certified Associate of Project Management (CAPM)® certification may be useful for project management professionals with less than three years of experience who want to strengthen their resumes and validate their abilities.
Early-career professionals who are debating whether to pursue the CAPM should take into account the certification's essential components. The fees, possible earnings growth, and career opportunities related to CAPM certification are all included in this article's summary.
What does CAPM Certification entail?
The Project Management Institute (PMI) offers the CAPM certification, a foundational credential that certifies a person's understanding and proficiency in project management basics. Project team members, project managers, and entry-level professionals who want to expand their knowledge and apply best practices to their daily work can all benefit from the certification.
Salary and Employment Prospects Calculator
By 2030, according to PMI's projections, the global economy would require 25 million additional project management workers to keep up with demand, including 12 million new hires to account for the field's anticipated increase and 13 million retirees. Up to 2030, there will be 2.3 million job vacancies in project management, which demonstrates the industry's robust, ongoing expansion.
According to PMI, even project management experts in their early careers make a respectable living. In the United States, the typical annual income for project professionals with less than three years' of experience is $78,279.
We've included a few occupations below that you could be eligible for with a CAPM certification, ranging from entry-level to senior positions.
Analyst for project management
$93,000 is the median annual salary.
Management analysts give suggestions to increase an organization's effectiveness. These experts, also known as management consultants, assess ways in which a company may boost profitability by lowering expenses and raising revenues and offer managers the appropriate advice.
A bachelor's degree and many years of work experience are required for management analysts. Although it is not necessary for this position, CAPM certification might improve your CV.
Project Coordinator
Over $48,000 in annual salary on average
Project coordinators' duties include planning projects to make sure they are finished on schedule and within budget. These experts organize project management tasks, supplies, and tools. They also work together with clients to determine and establish the goals, specifications, and parameters of the project.
Risk analysis is done by project coordinators, who also keep an eye on project timelines and budgets. Stakeholder meetings are frequently organized by and attended by project coordinators.
Project Director
$94,500 is the median annual salary.
Project managers' essential leadership is essential to the success of organizations' initiatives. These experts keep an eye on current projects to make sure teams adhere to customer expectations, project specifications, and deadlines. They provide communication between teams, team members, stakeholders, and clients by submitting deliverables, creating status reports, and more. They aid in locating and resolving problems that develop throughout the project.
Director of Project Management
Over $123,000 in annual salary on average
Project management directors plan, oversee, and manage several initiatives strategically inside bigger businesses. To develop quantifiable quality and productivity goals, they create techniques and standards. To make sure teams finish projects on schedule and under budget, these experts control finances, organize resources within the specified scope, and keep an eye on any hazards.
Does a CAPM Certification Make Sense?
The CAPM certification is a reputable label that denotes dedication to the industry as well as demonstrable expertise and understanding of project management. If you're thinking about getting a CAPM certification, think about the following things first.
Think about your career
A CAPM certification may enhance resumes and make job applications stand out for those with up to three years of project management experience.
If project management is one of your career ambitions, the certification is a good place to start. It can act as a stepping stone for jobs and certifications at higher levels in the industry, such as the Project Management Professional (PMP)® title. In actuality, CAPM certification satisfies the formal training criteria for PMP certification.
Examine the earning potential
Your income potential may enhance if you obtain CAPM certification. According to Payscale, CAPM-certified professionals make about $68,000 a year. Be aware that several variables, such as your degree of education, job title, geography, and professional experience, might affect your ability to generate money.
Increase Your Employment Options
Candidates for the CAPM certification are judged according to stringent criteria that require them to be competent in and knowledgeable about project management abilities, techniques, procedures, and best practices. This professional title can provide you with a competitive edge when searching for employment and make your CV stand out. Employers will see this as an indication that you are capable of handling their positions, obligations, and responsibilities.
