The millionaire guide on ‘how to become PMP certified’ to help you get Top Salary

For professionals like project managers earning a handsome salary in this competitive era is a little difficult.

Handling the agile, extreme, process-based project management is a cumbersome task. But the Project Management Professional Certification could work as a solution to all of their problems.

It’s a prestigious course that provides an opportunity for project managers to earn up to USD 132,000 in a year. This is considered to be the most important industry-recognized certification for project managers.

Why is PMP certification necessary for project managers?

Achieving certification in Project Management Professionals can be fruitful for the personnel and their collaborative organization. It has the ability to gear-up career anticipation by exemplifying skills and expertise.

The curriculum of PMP certification was created to substantiate knowledge education and competency. A person holding the certificate can easily differentiate from the league of other presented professionals in the team.

It helps in boosting the confidence level of project managers with experience in the stipulated field.

Also Read : How to Become a Project Manager with PMP Certification Training

PMP course outline

From the reference of PMBOK (Project Management Body Of Knowledge) guide 6th edition published on PMI, the PMP course outline is seen below.

1. Projection Integration Management
2. Project Management Framework
3. Project Scope Management
4. Project Cost Management
5. Project Resource Management
6. Project Schedule Management
7. Project Quality Management
8. Project Risk Management
9. Project Communication Management
10. Project Stakeholder Management
11. Project Procurement Management

These project modules include the study of project, program, portfolios, factors, plans schedule management, estimate the cost, estimating resources, manage and monitor communications, identify risk, plan procurements, identify stakeholders, and many more.

PMP certification cost and eligibility

A project manager who wishes to become a PMP certification holder needs to follow these requirements to become eligible for the exam.

• Carrying a secondary degree or completing a bachelor’s or any Global equivalent degree.
• Possessing 7500 hours of minimum practice in managing and leading the projects.
• Already retaining CAPM certification or completion of 35 hours of project management education is necessary.

Or,

• Retaining a 4-year degree or 36 months of professional exposure in project management
• Minimum experience of 4500 hours on projects lead and direction is required
• Completion of 35 hours of formal project management education or acquirer of the CAPM certificate.

After complying with all the PMP course eligibility the next part is the PMP certification cost which includes the examination fee with a membership fee, study guide, and a question bank for the members and non-members.

The Project Management Professional Certification examination can be applied thrice in a year.

The exam fee for the examination is USD 405 for the members of PMI whereas USD 555 charged from the non-members.

How much does the PMP certification holder make? A survey Report

The PMP training and certification provides an opportunity for the project managers to earn maximum in comparison to their other teammates.

According to the Earning Power: Project Management Salary Survey with the Eleventh Edition published by PMI in 2020 many facts and figures related to salaries of project managers were revealed on the global charts.

• The survey was concluded on the basis of country, job position, work experience, gender, and many other parameters
• In the survey conducted over 12 months, the total number of countries participated is 42.
• Around 32000 respondents have participated in the survey conducted, in which 82% was the PMP certification holder.
• From the report, the highest salary earned by a PMP certificate holder in the Philippines is USD 58,870 whereas the non-certificate holders only earn USD 20,131 against a year of work.
• The highest median PMP salary reported in Switzerland on a demographic basis is USD 132,036 p.a. PMP salary in India which is the maximum is USD 28,750 p.a.
• The tenure is also important, the PMP holders earn with 0–3 years of experience USD 68,800 p.a. and with 20+ years of experience, they earn USD 126,000 p.a.(PMP salary in Australia).
• The job position of Director of project management earns a maximum salary of USD 127,000 p.a. (PMP salary in Australia) which is highest across 42 countries and on 8 provided job positions.

Growth after the PMP certification

The aftermath of having a project management professional certificate is not easy. The PMP holders need to comply with other requirements to maintain the pursuance of their excellence.

• To maintain the PMP certificate the holder needs 60 professional development units in 3-year tenure.
• From these 60 PDU credits, professionals are eligible for applying in the project management professional course.
• After earning 60 PDUs additional 30 PDU could help practitioners to earn a PMI-RP certificate through the Risk Management Professional Course which enables PMP holders to tackle the issues aroused in an emergency.

Benefits of having a PMP certification

• The candidate will have the most requisite and prestigious certificate in the area of project management.
• PMP certificate holders can see a sudden surge in their salary up to 20% which is a most alluring one.
• The recognition among the peers and colleagues, and entry in the most elite club for PMP holders which is recognized globally for the knowledge pursuit.
• Communication is the key to successful projects and after learning the skills to locate the stakeholders, effective communication skills can be discerned.
• The holders of PMP can do volunteering with PMI towards the project management community. Which provides inclusion to network with other professionals as well as sharing the best practices with other holders.

As said, the projects are like arts and project managers are the artist, the more knowledge they have the better colors they can fill in the projects.

So the Project Management Professional Certificate works as the key for project managers to comprehend, perform, and reap additional from anyone else in their area of expertise.