PMP Salary in 2023
Every Project Management aspirant is curious about the monetary growth that they will get from the Project Management certifications offered from the globally recognized PMI. Being one of the most sought out jobs for the current decade, financial growth is just one of the perks one gets from the PMP certification. With as much as 120 USD as an average salary in the USA alone, the Project Management aspirants are also looking at over 15 million job opportunities in the upcoming years.
The first question that an aspiring project manager asks for PMP is: What can I expect to earn as a PMP?(Project Management Professional) A project manager's average compensation in the United States is $75,000. PMP represents one of the most demanded jobs and is projected to provide more than 15 million new job opportunities in project management by 2023. Let's examine the PMP's pay perspectives.
Country-wise PMP Salary in 2023
The top countries where Project Management Professionals can get a competitive salary are USA, UK, Canada, India, and Australia. The table below shows how much a PMP will earn on average in these countries.
| Country | Salary |
|---|---|
| United States of America | USD 120,000 |
| India | INR 2,000,000 |
| Canada | CAD 93,000 |
| United Kingdom | GBP 60,000 |
| Australia | AUD 130,000 |
| Singapore | SGD 96,000 |
| South Africa | ZAR 91,000 |
| New Zealand | NZD 117,000 |
| Germany | EUR 79,000 |
| Switzerland | CHF 119,000 |
| UAE | AED 312,000 |
PMP Salary in Various Job Roles
A project manager is mostly responsible for the project completion and coordination with engineers and clients. However, in every organization the function of a project manager is different. PMP is popular with project managers, senior project managers and operations managers. The following table shows the PMP salary for the top PMP job roles.
| Job Role | Salary per annum (in USD) |
|---|---|
| Project Manager | 60,000 - 87,000 |
| Senior Project Manager | 65,000 - 115,000 |
| Information Technology Director | 80,000 - 143,000 |
| Director of Operations | 77,000 - 109,000 |
| Program Manager | 79,000 - 120,000 |
| Project Manager, Engineering | 64,000 - 105,000 |
PMP Salary Based on Years of Experience
The Project Management Professional salary increases with more experience. Let's look at how much a PMP can earn based on their years of experience.
| Years of Experience | Salary per annum (in USD) |
|---|---|
| < 1 | 59,000 - 64,000 |
| 1-4 | 60,000 - 71,000 |
| 5-9 | 70,000 - 1,00,000 |
| 10-19 | 90,000 - 121,000 |
| 20+ | 120,000 - 150,000 |
PMP Salary in Top Companies
The demand of PMPs is at an all-time high. Some of the top companies in the world that employ Certified Project Management Professionals are IBM, Amazon, Bank of America, and more. Here's the Project Management Professional certified salary outlook in top companies.
| Top Companies | Salary (in USD) |
|---|---|
| Amazon Inc. | 79,000 – 162,000 |
| Northrop Grumman Corp | 77,000 – 168,000 |
| Deloitte Consulting LLP | 93,000 – 173,000 |
| Booz, Allen, Hamilton | 73,000 – 144,000 |
| International Business Machines (IBM) Corp. | 83,000 -163,000 |
PMP Salary in Various Industries
| Top Industry | Salary |
|---|---|
| IT | 120,000 USD |
| Resources | 132,000 USD |
| Healthcare | 108,000 USD |
| Consulting | 132,000 USD |
| Sales/Marketing | 106,000 USD |
Conclusion
The salaries and the perks are quite promising but still need a very long and structured path to be completed. The eligibility criteria and the PMP certification exam format is not something one can easily achieve, it takes a lot of dedication, guidance and Project Management education. Enroll for PMP certification training by a PMI authorized training partner like invensis learning to not only fulfill the eligibility requirements, but to get that structured learning path for getting your PMP certification in your first attempt.
FAQs on PMP Salary In 2023
How Much Does Project Management Professionals Make in a year?
The Average Salary of PMP in the USA is $120,000 USD and in Canada is CAD 93,000. In Australia the average salary is AUD 130,000. For further details, refer to Project Management Professional (PMP) Salary in 2023.
How Much Salary Does a PMP Certification Increases?
PMI estimates that, on average, project managers with no certification in the United States make about $95,000 a year. Instead, project managers holding their PMP certification earn $120,000 annually. It represents an increase of around 25 percent salary increase on the basis of the PMP certification factor.
How Long Does PMP Stay Valid For?
PMP certification is valid for 3 years and You must earn 60 PDU every three years to keep your certification, beginning on the day that you pass the PMP certification exam. These PDUs include 35 educational PDUs and the rest of the 25 are the Giving Back PDUs. Find more details about “How to maintain PDUs for PMP certification”.
Syllabus of PMP Certification Training
Eligibility Criteria
- Educational Requirements:
A four year degree along with 35 Hours of project management training or CAPMⓇ certification.Or
A high school diploma/associate degree. With this an additional 35 hours of project management training or CAPMⓇ certification.
- Professional Requirements:
If you have a 4 year degree, you would also need experience of 36 months leading projects.Or
If you have an associate degree/high school diploma, you will need experience of 60 months leading projects.
Exam Format
- Exam Type: Closed book, Multiple choice, multiple responses, matching, hotspot, etc.
- No Of Questions: 180 questions per paper, 175 scored
- Exam duration: 230 Minutes
- Result: The passing score is determined through psychometric analysis
Exam Fees
- The PMP Certification fees for PMI Members is USD 405 and for non-members is USD 555.
Who Should Attend?
Job roles that can benefit from PMP Exam Prep Course include, but are not limited to:
- Associate Project Managers
- Project Managers
- IT Project Managers
- Project Coordinators
- Project Analysts
- Project Leaders
- Product Managers
- Program Managers
- Project Sponsors
- Project Team Members
Authorized Training Partner
Invensis Learning has been reviewed and approved by the PMI Authorized Training Partner Program to provide 4-day instructed led PMP Certification Training.
FAQs on PMP Certification
How do I enroll for training?
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
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:
- 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
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:
- 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
What is the refund amount I will get if I cancel my enrolment?
Please check out our refund policy page to know more if you cancel your 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?
FAQs on PMP Certification
What is the cost of the PMP Exam?
The PMP Certification Exam cost is USD 405 for members and USD 555 for non-members.
What qualifies as PMP experience?
The project management experience is any work that is spent planning and executing projects. This may include any work related to initial planning, time management, execution, budget allocation, risk management, etc.
Who should take up the PMP exam prep course?
Job roles that can benefit from the PMP Exam Prep Course include, but are not limited to:
- Associate Project Managers
- IT Project Managers
- Project Coordinators
- Project Analysts
- Project Leaders
- Product Managers
- Program Managers
- Project Sponsors
- Project Team Members
What is the PMP certification training course objective?
After completing your PMP Exam Prep training, you will gain an in-depth understanding of:
- Initiating a project
- Planning project work
- Developing Project schedules, cost estimates, and budgets
- Planning project staffing and communication
- Analyze projects risks
- Plan and manage project procurement
- Monitoring and controlling of project work, and more
What are the prerequisites to take the PMP exam?
There are a set of minimum requirements to be met for PMP certification. The prerequisites to take the PMP certification exam are:
Scenario 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
Scenario 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
What is the PMP exam format?
- Exam Type: Multiple choice, multiple responses, matching, hotspot, etc.
- No Of Questions: 180 questions per paper, 175 scored
- Exam duration: 230 Minutes
- Type: Closed book exam
Result: The passing score is determined through psychometric analysis
Is it difficult to get PMP certified?
The most challenging part is clearing the eligibility criteria for the PMP Certification. Once you have done that, half the job is done. The other half is the examination and maintaining the credential. A structured learning path and dedicated preparation are needed to get PMP certified.
How long does it take to get PMP certified?
After clearing the necessary eligibility requirements for the PMP Certification, including the 35 hours of training/learning, the application process can be started. Where the audit will take place, and a candidate has to pay the exam fee. This could take anywhere between 5 days to 3 months. In short, getting a PMP certification can take up to 8-10 weeks, including the preparation and PMP Certification training.
Can I get PMP certified without experience?
The eligibility criteria clearly state that a candidate must have project management experience. So, unfortunately, a candidate cannot get a PMP Certification without experience. But a little relaxation in qualifications is overwhelming. A high school diploma holder can also appear for the certification after completing the other eligibility requirements.
Does PMBOK® Guide - 7th edition play a role in the PMP certification training?
The most important thing to consider with the PMBOK® Guide - 7th edition is that it does not make any impact on the PMP Exam Prep Training material. The training material is solely based to cater the PMP exam content outline which was reconstructed in January 2021, and covers the new domains i.e people, processes, and business environment along with the tasks and enablers in respective domains.
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