Is PMP Still Good in the Market?

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  •   Posted on: 2020-12-30
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  •   Views: 33
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  • PMP News

You might wonder if PMP certification is considered worthy enough or not and if it would be valuable for your career. In my experience, PMP certification would be worth it. There are various advantages as well as the benefits of becoming certified. PMI salary survey suggests that a project manager with PMP credentials earn about 20% more than the non-credentialed professionals.

Even after knowing the benefits of salary, you still might have doubts. You would say that the salary increment would only happen after you clear the exam, and before that, you would have to go through the grind of clearing the exam.

You should ask if it would be worth the trouble has given that the PMP exam is expensive and costly, and it would require a lot of effort and time.

Is PMP Certification Worth It For Your Career?

There would be no second thought that the cost of PMP certification is relatively high. You might have temporarily delayed the review of passing the PMP exam. But I should tell you that you would be potentially losing a 20% increment in your salary by dealing with PMP.

The featured attraction of this certificate would be the higher salary provided to the PMP credentials. In numerous sectors, the average salary of a certified manager is higher substantially.

PMI salary survey would suggest that project managers with PMP credentials would be reporting a higher median salary than those without it. It would also be noted that there would be a nearly about 20% hike on average around the surveyed countries.

Let us discuss the cost and benefit attached to this certification. The PMP examination fee would be about $405 for PMI members and $555 for non-PMI members, as per the current exchange rate excluding all other costs such as training fee, study material cost, etc.

There would be a clear difference in the cost for members as well as non-members of PMI. This difference also appears if candidates would have to take re-examination or opt for the certificate's renewal.

Members could also download the PMBOK for free, whereas non-member would have to pay a certain amount to gain the PMBOK. The total cost for PMI members comes out to be $652 and $1086 for non-PMI members.

PMP's Salary

No doubt, PMPs' salary scale is considered to be relatively higher than the one without the certification. The PMP certification not only would be able to boost your career, your network, but it would also provide you an increment of your salary considerably. The significant implication of PMP certification on compensation would be listed below:

1. The salary of a PMP certificate holder would be increasing to about 20%.

2. If a person working in the USA, the median salary would be increasing would be $116,000.

3. Likewise, if a person working anywhere in the world, like supposing the USA, would be able to earn you about $749.81, the potential salary increase would be $1,131.54.

4. The countries where project professionals would be reporting the highest median salary would be Switzerland, US$132,086, the United States, US$116,000. In contrast, the countries reporting the lowest median wage would be Pakistan, US$14,914, and Egypt, US$13,933.

5. The PMP exam has both costs and benefits attached to it, and the benefits are always going to overpower the cost of the exam.

So, if you wish to gain all the perks and benefits associated with the PMP Certification, you have to acquire it and do it in a single attempt. You are going to need the help of the SPOTO PMP Exam Dumps. They are the best when it comes to PMP Certification.


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