Project Management Professional (PMP) Salary in 2021

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 an aspiring project manager taking a Project Management Professional (PMP) certification asks is, what can I expect to earn as a certified PMP? The average salary of a Project Management Professional is $75,000, 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 in 2021

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 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

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.

Syllabus of PMP Certification Training

  • Proven leadership skills & techniques
  • How to communicate effectively?
  • How to create an effective project Schedule?
  • Project Risk Management
  • Ability to create an atmosphere of trust
  • Decision making skills
  • Managing conflicts
  • Agile way of project management

Download detailed course syllabus

Download Syllabus

FAQs on PMP Certification

For how long does the PMP certification stay valid?

The PMP Certification is valid for three years, starting from the day the candidate clears the exam. In this period, the candidate must earn 60 PDUs to maintain the PMP credential after the completion of 3 years.

The PMP Certification Exam cost is USD 405 for members and USD 555 for non-members.

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.

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

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

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

  • 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

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.

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.

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.

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