PMP Salary in 2024

In the competitive world of project management, obtaining a PMP (Project Management Professional) certification is a mark of excellence. The PMP certification, awarded by the Project Management Institute (PMI), is globally recognized and demonstrates a professional's expertise, experience, and competency in leading and directing projects. One of the most compelling reasons to pursue this credential is the substantial salary boost it often brings.

This article explores the various aspects of PMP certification salary, exploring the financial benefits, industry-specific pay scales, geographic variations, and the overall impact of this certification on career growth and earning potential.

Country-wise PMP Salary in 2024

Project Management Professionals (PMPs) enjoy rewarding career opportunities worldwide, with some countries offering particularly competitive salaries. The USA, UK, Canada, India, and Australia are among the top countries where PMPs can expect to earn impressive salaries. These countries value the PMP credential and have powerful industries that depend on skilled project management.

The table below provides a detailed breakdown of the average annual salaries PMPs can expect in these countries.

Country Salary
PMP salary in the USA USD 117,000
PMP certification salary in India INR 20,00,000
PMP salary in Canada CAD 100,000
PMP certificate salary in United Kingdom GBP 59,000
PMP salary in Australia AUD 136,000
PMP certification salary in Singapore SGD 110,000
PMP salary in South Africa ZAR 659,000
PMP certificate salary in New Zealand NZD 118,000
PMP salary in Germany EUR 79,000
PMP certification salary in Switzerland CHF 129,000
PMP salary in UAE AED 250,000

Source: PayScale

PMP Certification Salary in Various Job Roles

Understanding the impact of a PMP certification on salary involves examining how it varies across different job roles within project management. While obtaining a PMP certification is widely recognized for boosting earning potential, the extent of this increase can differ significantly depending on the specific role. From project coordinators to senior project managers and directors, each position comes with its own set of responsibilities and corresponding salary scales.

In this section, we will explore how a PMP certification influences salaries across various job roles, providing a comprehensive overview of what professionals can expect. This analysis will help to estimate the financial benefits of a PMP certification for the specific job role within the expansive field of project management. The following table shows the PMP certification jobs salary for the top PMP job roles.

Job Role Salary per annum (in USD)
Project Manager 65,000 - 133,000
Senior Project Manager 96,000 - 157,000
Information Technology Director 98,000 - 197,000
Director of Operations 74,000 - 187,000
Program Manager 97,000 - 170,000
Project Manager, Engineering 81,000 - 152,000

Source: PayScale

PMP Certification Salary Based on Years of Experience

The impact of a PMP certification on salary is closely tied to a professional's years of experience in the field of project management. As individuals progress through their careers, the combination of their growing expertise and the PMP credential can significantly enhance their earning potential.

We'll explore how PMP certification salaries vary based on experience levels, from entry-level project managers to experienced levels. By understanding these trends, professionals can better analyze how experience and certification shape financial outcomes in project management.

Experience Level Pay in Percentage
Experienced 35.8%
Mid-Career 24.2%
Late Career 27.7%
Early Career 11.9%
Entry Level 0.4%

Source: PayScale

PMP Salary in Top Companies

Top companies across various industries recognize the value of PMP-certified professionals and offer competitive salaries to attract and retain them. In this section, we will explore the salary trends for PMP-certified professionals at leading organizations.

By examining these trends, individuals will gain insights into the salary benefits and career opportunities a PMP certification can bring to some of the most prestigious companies. Here's the Project Management Professional certified salary outlook in top companies.

Top Companies Salary (in USD)
Amazon 132,638
Northrop Grumman Corp 135,175
Deloitte 134,222
Citi 131,984
Accenture 133,861
The Boeing Company 125,569
IBM 142,703

Source: PayScale

PMP Salary in Various Industries

The earning potential for PMP-certified professionals can vary widely across different industries. Each industry uniquely values project management skills, influencing the salaries offered to those with a PMP certification. We'll examine how salaries of PMP certification differ across various sectors, such as construction, healthcare, finance, and more.

Understanding these industry-specific salary trends will provide valuable insights into where PMP certification can yield the highest financial rewards and help make informed career decisions.

Top Industry Salary
Energy, Mining, and Utilities $1,36,548
Aerospace and Defense $1,22,331
Financial Services $1,20,855
Construction, Repair, and Maintenance Service $1,20,804
Pharmaceutical and Biotechnology $1,19,824

Source: PayScale

Conclusion

PMP certification in 2024 proves to be a valuable asset for boosting the earning potential. With competitive salaries across different job roles, industries, and experience levels, PMP-certified professionals are in high demand globally. This article has provided insights into how this certification can enhance one’s financial prospects, helping them make informed decisions about career growth and development in the field of project management.

Still not sure how to become a PMP professional? Enrol in our Invensis Learning’s PMP Certification Training and start the project management journey.

FAQs on PMP Salary In 2024

1. How Much Does Project Management Professionals Make in a Year?

The average salary of a PMP in the USA is 117,000 USD, and in Canada, it is CAD 100,000. In Australia, the average salary is AUD 136,000.

2. Does PMP certification increase salary?

Yes, obtaining a PMP certification can significantly increase your salary. According to the PMI Salary Survey, PMP certification holders earn a median salary that is 33% higher than that of non-certified professionals.

3. What jobs can you get with a PMP certification?

With a PMP certification, you can qualify for roles such as Project Manager, Program Manager, Project Coordinator, Project Analyst, and Senior Project Manager. It also opens doors to leadership positions like Director of Project Management or PMO Manager across various industries, including IT, construction, healthcare, finance, and manufacturing.

4. How much can you make with a PMP certification?

Salaries for PMP-certified professionals vary depending on factors like location, experience, and industry. On average, PMP holders earn significantly more than their non-certified counterparts, with salaries ranging from $80,000 to over $150,000 annually.

5. How much is my salary after PMP certification?

After obtaining PMP certification, professionals typically see an increase in earning potential. Exact salary increases vary, but many experience boosts range from 10% to 20% compared to pre-certification earnings. This growth reflects the added value and skills that PMP certification brings to project management roles.

FAQs on PMP Certification

Why should I consider getting PMP certified?

PMP Certification enhances your project management skills, credibility, and career opportunities. It validates your expertise and demonstrates your commitment to the profession.

Numerous options for PMP exam preparation are available, including courses offered by the Project Management Institute (PMI), universities, colleges, and private companies. Your choice should align with your learning preferences and budget. Selecting a course that matches the latest PMI standards is vital.

Invensis Learning provides a PMP Certification Training course tailored for PMP-credentialed project managers. This course prepares you comprehensively for the PMP exam and meets the latest PMI standards. Choose a course that suits your learning style, and Invensis Learning's PMP Certification Training is recommended.

Undertaking the re-examination for Project Management Professional certification needs to be completed. You possess three opportunities to take the PMP exam within a year of approval. Failing all three mandates a one-year hiatus. To reapply, visit pmi.org, remit the re-examination fee, and obtain a fresh eligibility ID. This ID facilitates exam scheduling without a required waiting duration. Follow these steps:

  • Request re-examination
  • Await prior result registration (typically 3-4 business days)
  • Secure a new exam slot within the one-year eligibility window

You can utilize a non-programmable basic calculator to address questions within the PMP exam.

The PMP exam comprises questions from three distinct domains:

  • People (42%): Focuses on vital soft skills for leading cohesive teams
  • Process (50%): Concentrates on the technical intricacies of orchestrating successful projects
  • Business Environment (8%): Emphasizes aligning projects with organizational strategies and objectives

PMP-certified professionals are in demand globally, especially in regions with powerful industries, such as technology hubs, financial centers, and emerging markets.

PMP-certified professionals can pursue roles such as Project Manager, Program Manager, Portfolio Manager, Project Coordinator, and other leadership positions.

Yes, statistically, PMP-certified professionals tend to earn higher salaries than their non-certified counterparts, reflecting the value of their expertise. PMI says that PMP-certified professionals earn 16% higher than non-PMP-certified professionals.

Many employers actively seek PMP-certified professionals for project management roles due to their proven skills and ability to drive successful projects.

PMP Certification is valued across IT, construction, healthcare, finance, manufacturing, and more industries, wherever project management is essential.

PMP Certification enhances your professional credibility, career growth, and earning potential. It opens doors to leadership roles and global opportunities.

You'll receive a preliminary pass/fail result immediately after completing the exam. PMI will send you an official score report later, which includes details about your performance.

Depending on your chosen mode, the exam is typically conducted in a secure testing center or online. It's monitored to ensure a fair and secure testing environment.

The PMP exam syllabus covers many project management domains, including people, processes, and business environment.

Register for the PMP exam through PMI's official website. Select a testing center or opt for an online proctored exam, depending on your preference.

At Invensis Learning, we are dedicated to aiding your PMP certification journey. Our expert team supports you through the application process, ensuring all requirements are met. Valuable insights, tips, and strategies are provided to increase your chances of PMP exam success. Our resources encompass a comprehensive training course, practice exams, study materials, and a supportive PMP community. Our services not only enhance your application process but also provide exam readiness. This holistic approach distinguishes us from other PMP certification courses, making us a preferred choice.

Invensis Learning's PMP course and training material offer the most effective resources to excel in your PMP exam on the first attempt. It comprehensively covers the exam syllabus and provides valuable practice opportunities, making it an optimal choice for aspiring PMP candidates. To ensure a strong exam preparation, start early, diligently follow the step-by-step study plan, seek guidance from mentors, solve mock and simulation exams, and engage with PMP-style questions. With determination, you can achieve exam success and earn your certification.

Apply through PMI's online portal, detailing your project management experience, education, and contact information. If your application is accepted, you'll receive instructions for scheduling the exam.

Read the question carefully, identify the problem, analyze the options, and choose the best answer based on project management principles.

Plan to allocate time wisely for each question, but don't dwell too long on one question. Skip difficult ones and return to them later.

Yes, we have many PMP practice exams and simulation tests available that mimic the real exam environment and help you assess your readiness.

PMBOK Guide, practice exams, study guides, assessments, and reference books from reputable sources are essential for comprehensive preparation.

Prepare systematically by studying the PMBOK Guide, using reputable study materials, taking mock exams, and reviewing your weak areas.

There are a set of minimum requirements to be met for PMP certification. The prerequisites to take the PMP certification exam are:

Option 1

  • Educational Background: Secondary degree (high school diploma, associate's degree, or the global equivalent)
  • Project Management Experience: 60 months leading and directing projects
  • Project Management Education: 35 hours of project management education or CAPM certification

Option 2

  • Educational Background: Four-year degree
  • Project Management Education: 36 months hours leading and directing projects
  • Project Management Education: 35 hours of project management education or CAPM certification

Yes, our PMP training is available in various formats, including in-person classroom sessions and virtual live training, allowing you to choose what suits your learning style.

Look for accredited training providers that offer a comprehensive curriculum, experienced instructors, flexible schedules, and positive reviews from past participants. Invensis Learning is one such training provider which is recognized globally.

Our PMP training covers project management concepts, methodologies, and exam-specific topics. It prepares you for the PMP exam and provides practical skills for effective project management.

Upon successfully finishing the PMP course, you'll earn two certificates:

  • A course completion certificate signifies your mastery of project management concepts and skills
  • A 35-hour PDU (Professional Development Unit) certificate validating completion of the training required by PMI for PMP Exam eligibility
  • These certificates underscore your expertise and dedication to professional growth in project management.

Enrolling in PMP Training with a PMI Authorized Training Partner offers numerous advantages:

    Access to PMI-approved, up-to-date training content aligned with the PMP Examination Content Outline
  • Instruction from PMI-approved instructors with practical project management experience
  • Guidance and support to ensure your success
  • Networking opportunities with fellow project managers to learn from diverse experiences
  • Flexible learning formats, such as online, in-person, or blended, tailored to your preferences

The journey toward PMP certification follows these steps:

  • Confirm eligibility for the PMP exam
  • Complete 35 hours of training from a PMI Registered Education Provider
  • Apply for and schedule the PMP exam
  • Pay the exam fee ($405 for PMI members, $555 for non-members)
  • Develop a study plan utilizing the PMBOK Guide and other resources
  • Successfully passed the exam to earn the title of Certified Project Management Professional
  • Showcase your PMP credential to establish global recognition in project management

Yes, PMP Certification is widely recognized and respected internationally. It's a testament to your skills and expertise, opening doors to global opportunities.

PMP Certification is valid for three years. You can renew it by earning Professional Development Units (PDUs) and demonstrating ongoing professional involvement.

The PMI ceased disclosing pass rates after 2005. Nonetheless, it is widely believed that the PMP pass rate remains below 70%. The amalgamation of commitment and intensive training from a PMI Authorized Training Partner forms the successful formula for acing the PMP exam on your initial endeavor.

General FAQs

What are the modes of training provided by Invensis Learning?

Invensis Learning provides 5 different modes of training in the form of:

  • Instructor-led live online (virtual) training
  • Instructor-led classroom training
  • On-site group training
  • Focused 1-to-1 training
  • Self-paced E-learning

You can enroll for training by following below mentioned points:

  • Select a course
  • Select a schedule of your choice
  • Select the mode of your training
  • Click on “Enrol Now” button
  • Fill the necessary details to make the payment
  • Get all the course materials to prepare for the training
  • Join the training on the scheduled date

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:

  • Focused 1-to-1 training can be customized as per your choice
  • Group training of more than 5 participants can be customized
  • On-site training can be customized as per clients’ requirement

Please check the website regularly to check for new offers and discounts happening throughout the year. You can also get in touch with one of our training consultants through chat to check if any discounts are available.
For all the certification training courses, you will receive their official certificate. Upon completion of the certification exam, the results will be immediately announced. If a participant has cleared the exam, your digital certificate will be made available immediately. But, if you require a hard copy of the certificate, you may incur additional cost and it will be delivered to your address in 2-3 weeks of time.

Once you enroll for training from Invensis Learning, you will receive:

  • A copy of course material
  • Study guide Prepared by SMEs
  • Practice Tests
  • Retrospective session
  • Access to free resources
  • Complimentary additional training session
  • PDUs for relevant courses
  • Course completion certificate/Official certificate

Please check out our refund policy page to know more if you cancel your enrollment.

No, English is the preferred language for the mode of training delivery. Any language other than English will have to be custom request which will be fulfilled at additional cost and availability of a native language trainer.
If you would like to know more about a course, you can mail us at support@invensislearning.com or call us at (+91 96202-00784) or chat with our training consultant to get your query resolved.

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