A Certified Associate in Project Management (CAPM) certification will add value to your career, even if the cost seems to be a little steep at first look. Before you consider doing a CAPM certification, you should know about the different cost components involved.
Professional certifications are important for career growth. Let us look at the components involved in getting a CAPM certification:
Cost #1: Examination Fee
The examination fee is a mandatory fee that you must pay online directly to PMI. If you are a PMI member, you pay $225 for the examination. If you are not a PMI member, you pay $300.
The annual membership fee for PMI is $129.
Cost #2: Re-Examination Fee
You get three attempts in a single year to pass the CAPM exam. The fee for the second and third attempts for members and non-members is $150 and $200.
Cost #3: Recertification Fee
The CAPM certification has a validity period of five years. You can choose to renew the certification before it expires, or afterward. The recertification fee for members and non-members is $150 and $200 if you renew the certificate before it expires.
Cost #4: Renewal Fee
If you do not renew your certification within five years, the certification process starts as a fresh process for you. In that case, the fee becomes $225 for members and $225 for non-members.
Cost #5:PMBOK®Guide - Sixth Edition
The PMBOK®Guide - Sixth Edition is available as a free download for PMI members, but it is not printable. Both members and non-members can buy a printed copy from pmi.org or Amazon for $49.5 or $99.
Cost #6: Reference Books
It will cost you about $50 to buy a good reference book. You can check the prices online.
Cost #7: CAPM Training Cost
It may or may not be necessary for you to take 23 hours of formal training before the certification examination. The CAPM course fees are between $150 - $250.
Cost #8: Simulation Test Cost
If you want to take some practice questions before you appear for the actual exam, a good simulation test will be about $50 - $100.
Cost #9: Other Study Material
It will cost about $50 - $100 for any extra study material that you buy for better exam preparation.
The total cost of CAPM certification will vary from person to person. Several factors decide the cost: the country you stay in, the type of training you undergo, the study aids you purchase, and so on. An indicative cost of CAPM certification is as follows:
|Examination Fee (for PMI Members)||$225|
|PMBOK®Guide - Sixth Edition||$49.50|
|Other Study Aids||$100|
The CAPM certification is costly when you factor in all the possible components involved. However, CAPM certified professionals typically earn $127,000 in the US, C$ 100,000 in Canada, and 9 lakh INR in India.
Apart from the good pay, you will also get an opportunity to network with and learn from experts in the field, be recognized by your peers, and become familiar with best practices for setting project guidelines.
Project Management Institute (PMI) provides accreditation for the CAPM certification. PMI is a global non-profit professional organization in the area of project management
The CAPM certificate is valid for a period of five years, and it expires at the end of the fifth year. You can get re-certified before it expires, in the fourth year and you will have 12 months to appear for the examination. The other option is to appear for the CAPM certification after five years, but this will be a fresh process.
The PMI membership is not mandatory, but you get certain benefits if you obtain membership. The certification examination is available to you at a reduced fee, and you are also able to download a soft copy of the PMBOK®Guide - Sixth Edition for free.
What are the modes of training provided by Invensis Learning?
Invensis Learning provides 5 different modes of training in the form of:
How do I enroll for training?
You can enroll for training by following below mentioned points:
Can I opt for a customized schedule other than what is mentioned on the website?
Yes, you can opt for a customized schedule which is not there on the website. But getting custom schedules will depend on few criteria mentioned below:
How much discount will I get if I enrol for training?
What is the certification that I will get after completing my training?
What will be included in my training?
Once you enroll for training from Invensis Learning, you will receive:
What is the refund amount I will get if I cancel my enrolment?
Will the training be delivered in a native language if a participant choses to?
If I want to know more about a course, whom should I connect with?
Who should take up the CAPM course?
Job roles that can benefit from CAPM Prep Course include, but are not limited to:
Eligibility criteria to take the CAPM Exam
To be eligible for the CAPM certification, you must meet certain educational and professional requirements:
What is the CAPM exam format?
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