PMI PMP Salary
Introduction
What is the PMP certification?
The Project Management Professional (PMP) certification is a globally recognized credential for project managers. It is offered by the Project Management Institute (PMI), a professional organization for project managers. The PMP certification validates your knowledge of project management principles and practices, and it demonstrates your commitment to the profession.
Why is the PMP certification valuable?
The PMP certification is valuable for several reasons.
-
First, it is a globally recognized credential. This means that employers all over the world value the PMP certification and are more likely to hire PMI Scheduling Professional certified project managers.
-
Second, the PMI PMP certification demonstrates your knowledge of project management principles and practices. This means that employers can be confident that you have the skills and experience necessary to manage projects successfully.
-
Third, Project Management Professional certification can help you to earn a higher salary. According to the PMI Salary Survey, certified project managers earn an average of 16% more than non-PMP-certified project managers.
How much do PMP-certified project managers earn?
The average salary for PMP-certified project managers in the United States is $123,000 per year. However, salary can vary depending on a number of factors, such as experience, industry, and location.
For example, Project Management Professional certified project managers with more experience typically earn higher salaries.
Additionally, Project Management Professional who work in the technology, finance, and healthcare industries typically earn higher salaries than those who work in other industries. Finally, PMP certified project managers who work in major metropolitan areas typically earn higher salaries than those who work in rural areas.
Factors that affect PMP salary
There are a number of factors that can affect your PMP salary. These factors include:
-
Experience: The more experience you have, the more valuable you will be to employers.
-
Industry: PMP certified project managers who work in the technology, finance, and healthcare industries typically earn higher salaries than those who work in other industries.
-
Location: PMP certified project managers who work in major metropolitan areas typically earn higher salaries than those who work in rural areas.
-
Education: PMP certified project managers with a master's degree or higher typically earn higher salaries than those with only a bachelor's degree.
-
Certifications: In addition to the PMP certification, there are a number of other project management certifications that can help you to earn a higher salary. For example, the Certified Scrum Master (CSM) certification is a popular certification for project managers who work in agile environments.
If you are interested in increasing your salary, you can focus on developing the skills and experience that are valued by employers. You can also consider getting additional certifications, such as the CSM certification.
Average PMP Salary
The average salary for PMP-certified project managers in the United States is $123,000 per year. This is 16% higher than the median salary for non-PMP certified project managers.
Salary by Industry
The highest paid Project Management Professional work in the technology, finance, and healthcare industries. According to the PMI Salary Survey, the median salaries for PMP certified project managers in these industries are as follows:
-
Technology: $130,000
-
Finance: $125,000
-
Healthcare: $120,000
Salary by Experience
PMP certified project managers with more experience typically earn higher salaries. According to the PMI Salary Survey, the median salaries for PMP certified project managers with different levels of experience are as follows:
-
Less than 3 years of experience: $110,000
-
3 to 5 years of experience: $115,000
-
5 to 10 years of experience: $120,000
-
10 to 15 years of experience: $125,000
-
15 or more years of experience: $130,000
Salary by Location
PMP certified project managers who work in major metropolitan areas typically earn higher salaries than those who work in rural areas. According to the PMI Salary Survey, the median salaries for PMP certified project managers in the top 10 metropolitan areas in the United States are as follows:
-
San Francisco-Oakland-Hayward, CA: $137,710
-
San Jose-Sunnyvale-Santa Clara, CA: $132,950
-
Seattle-Tacoma-Bellevue, WA: $127,390
-
New York-Newark-Jersey City, NY-NJ-PA: $126,400
-
Boston-Cambridge-Newton, MA-NH: $125,370
-
Washington-Arlington-Alexandria, DC-VA-MD-WV: $121,290
-
Los Angeles-Long Beach-Anaheim, CA: $120,250
-
Chicago-Naperville-Elgin, IL-IN-WI: $118,420
-
Dallas-Fort Worth-Arlington, TX: $117,820
-
Houston-The Woodlands-Sugar Land, TX: $117,150
Highest-paying jobs for PMI PMP professionals:
-
Astronaut
-
Brain surgeon
-
CEO of a Fortune 500 company
-
NBA player
-
Movie star
It is important to be realistic about your salary expectations when you are job searching. Even if you have a PMP certification, you are unlikely to land a job that pays millions of dollars per year. However, there are many high-paying jobs available to PMP-certified project managers, and you can increase your chances of earning a top-dollar salary by developing your skills and experience, networking with other project managers, and building a strong online presence.
Tips for Increasing Your PMP Salary
Here are some tips for increasing your PMP salary:
-
Get experience. The more experience you have, the more valuable you will be to employers. Look for opportunities to gain experience in different project management roles and industries.
-
Get certified. The PMP certification is a globally recognized credential that can help you stand out from other candidates. It demonstrates your knowledge of project management principles and practices.
-
Network. Networking is a great way to learn about new job opportunities and meet potential employers. Attend industry events, connect with people on LinkedIn, and join professional organizations.
-
Negotiate your salary. When you are offered a job, be sure to negotiate your salary. Do your research to determine what a fair salary is for your position and experience level. Be prepared to walk away from a job offer if you are not being offered a fair salary.
Conclusion
The Project Management Professional (PMP) certification is a valuable credential that can help you earn a higher salary. PMP certified project managers earn an average of 16% more than non-PMP certified project managers.
There are a number of things you can do to increase your PMP salary, such as:
-
Gaining experience
-
Getting certified
-
Networking
-
Negotiating your salary
In addition to these tips, you may also want to consider developing your leadership and communication skills, taking on challenging projects and responsibilities, and staying up-to-date on the latest project management trends and technologies.
By following these tips, you can position yourself for success in the project management field and earn a salary that reflects your skills and experience.
Call to action:
If you are interested in getting the PMP certification, I encourage you to visit the PMI website for more information. The PMP certification is a valuable credential that can help you achieve your career goals.
You can also visit the PMI Salary Survey website to learn more about the salaries that PMP-certified project managers earn in different industries and locations.
Recommended Courses and References for Exam Preparation:
Good luck 🙂