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PMP Certification: Show Me the Money!

Bill Yates

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Home The Savvy PM Blog PMP Certification: Show Me the Money!

 

In a series of posts, we’ve been exploring topics related to the PMP certification.business woman drop dollars in the air

–PMP Certification: Is It Right for You?
–What Happens After You Pass the PMP Exam?
–How the PMP Certification Makes Careers Soar

You may be thinking: Let’s talk about salary and earning potential.  Why should I endure the pain & suffering of the notorious PMP Exam?  I want to see the bottom line.  Show me the money!

That’s a valid request.  In the following, we’ll explore the PMP earning potential.  And, I’ll hit you with 3 big statistics to build a case.  First and foremost, show me the money.

Those with the PMP certification earn more money.

The stats are obvious: if you earn the PMP certification, you’ll likely be making more money.

1st Statistic:

  • $110,000 = median salary for U.S project managers who have the PMP certification.
  • $91,500 = median salary for U.S project managers with no PMP certification.

Wow – look at that gap!  Do you want a bump in pay?  (I thought so.)  Don’t put it off –earn the PMP certification!

More money sounds nice, but what if the economy slows down?  What steps can I take to keep my job?  How do I remain valuable? 

Those with the PMP certification are more “recession-proof”.

Want job security?  Add the PMP credential to your business card.

A smart move is to be known as a project management professional.  Check out this stat from an Economist Intelligence report:

2nd Statistic:

  • 80 percent of global executives believed having project management as a core competency helped them remain competitive during the recession.

Ok, I get it…job security is nice.  But, does the world really need more project managers?  Is the door closing on this opportunity? 

Those with the PMP certification will continue to be in demand.

Once again, let’s go to the source: Mark Langley, President & CEO of the Project Management Institute (PMI).

In January 2013, Mark Langley was addressing over 150 volunteers at a PMI Leadership Institute planning meeting.  Mr. Langley pointed to research and forecasts that anticipate continued demand for our field well into the future.

3rd Statistic:

  • 1.5 million Project Management job openings globally every year through 2020. 

Step back and consider these 3 stats related to the earning potential of a PMP.  They point to better pay, better job security, and a brighter future.  If you’ve been on the fence about pursuing the PMP certification, ponder these statistics and your future.  When you are ready to go for it, contact us and we’ll help you achieve this goal of the PMP.  You can do it!  We can help.

The salary statistics I’ve quoted above are from page 269 of the Project Management Salary Survey – Eighth Edition – which was conducted in 2013.  The Project Management Institute (PMI) works with third party consulting agencies to carry out this survey of over 36,000 project management practitioners across the globe.  The study results in meaningful compensation data for 33 countries. If you are a member of PMI, you can access the full study for free.  To download your copy, start here.

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