Project Management Professional Salary Trends
A Detailed Look at How Much Project Management Professionals Earn
The first question aspiring Project managers taking a Project Management Professional (PMP) ask is What can I expect to earn as a PMP? The Project Management Professional salary is $75,000, on average in the United States. PMP is one of the most in-demand jobs and it is estimated that over 15 million new Project Management job opportunities will arise by 2020. Let's look at the salary outlook of a PMP.
Country-Wise PMP Salary
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.
Here is a summary of the PMP® certification cost in India and other countries:
| Country | Currency | Salary per annum |
|---|---|---|
| United States of America | USD | 61,000 - 151,000 |
| India | INR | 363,000 - 3,000,000 |
| Canada | CAD | 55,000 149,000 |
| United Kingdom | GBP | 28,000 -65,000 |
| Australia | AUD | 73,000 - 182,000 |
PMP Salary in Various Job Roles
A Project Management Professional is basically responsible for completing the project and coordinating with engineers and clients. But, the role of a project manager is different across organizations. The popular job roles for a PMP are Project Manager, Senior Project Manager, and Director of Operations. The table below 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 |
What a Certified PMP Gets Paid 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 |
Companies are on the lookout for professionals who can not only manage a project but also have engineering and IT experience, which helps them understand the company’s operations better. This is why a Project Management Professional is preferred by top companies since these professionals have a better understanding of the de-facto practices.
More and more companies have realized that a PMP is essential for enhancing productivity. This has increased the demand for Project Management Professionals. According to the Earning Power: Project Management Salary Survey, PMP job demand has risen by 37% across the globe. As a result of the increased demand, the PMP salary is also reported to have increased by 43%.
According to a survey, PMP is one of the highest-paid jobs in the USA. A Project Management Professional salary is the highest in Alaska, with an average salary of $90,000. This is followed by Missouri, Louisiana, Florida, and Alabama.
According to Payscale data, the skills that can help you earn more as a PMP include Business Analysis, Project Management and Coordination, Microsoft Office, and Microsoft Project.
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FAQs on PMP Certification
What are the pre-requisites to take up PMP Examination?
There are a set of minimum requirements to be met for PMP certification. The pre-requisites to take the PMP certification exam are:
Option1
- Educational Background: Secondary degree (high school diploma, associate’s degree or the global equivalent)
- Project Management Experience: 7,500 hours leading and directing projects
- Project Management Education: 35 hours of project management education
Option2
- Educational Background: Four-year degree
- Project Management Education: 4,500 hours leading and directing projects
- Project Management Education: 35 hours of project management education
What is the PMP exam format?
- Exam Type: Multiple choice
- No Of Questions: 200 questions per paper: 175 scored, 25 unscored
- Exam duration: 4 hours
- Type: Closed book exam
- Result: The passing score is determined through psychometric analysis
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