Astoundingly, project managers around the globe received an increase of 23% on average after acing the PMP certification. PMI conducted this survey from 33,000 project managers across 37 countries. PMI showed these figures in the 10th edition of the PMI Salary Survey. The certification can bump your salary for as much as 23% compared to a project manager who hasn’t been certified by PMI. Increase in Salary after PMP Certification It does not penalize you with negative marks for wrong answers, and you can also see the result of your test immediately after taking the exam. The PMP exam is four hours long and is laden with multiple-choice questions.
However, before continuing to give the exam, we advise you to prepare for the exam with a credible institution. You have the option to schedule your exam from Monday to Friday, according to the slots available. However, like the first method, you will still need to complete 35 hours of formal project management training or have a CAPM certification.Īfter being eligible for the exam, you can apply and prepare for it as your application is verified. Thus, you only need 3 years of project management experience with 4,500 hours of project direction in those years.
If you have earned a four-year bachelor’s degree or a global equivalent, then you need less experience to qualify for the exam. However, both of these qualifications must be awarded from a Registered Education Provider (R.E.P.). You can skip the last condition if you already have a CAPM certification. Within these 5 years, you must have directed projects for at least 7,500 hours.įurthermore, you must have 35 hours of project management education or training. You need at least 5 years of experience as a project manager to qualify for the PMP exam. If your educational qualification is less than a bachelor’s degree or an equivalent, then you would need to have greater work experience. There are two ways to qualify for the PMP certification exam: Method#1 While the prospect of a hike in salary is appealing itself, it’s important to understand what the PMP certification actually is and its basic requirements. Furthermore, we will talk about the chances of salary increase after acquiring the certification, depending on your years of experience, job title, or the size of your company. However, many professionals are unsure whether or not the certification is worth the time, money, and effort.įor this reason, we will discuss the advancements in your career that PMP can bring. Applying for a PMP certification is a big step in a project manager’s career.
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