How much does a PMP make in Canada ?

How much does a PMP make in Canada ?

Learning Mudra, Category - PMP

Project Management Professional is a widely recognized and respected certification in project management. Positions for PMP-certified project managers have high demand. Organizations recognized that inefficiently managed projects would impact profits. So investing in skilled and certified project management professionals (PMPs) will enhance the firm’s overall success. Certified PMP managers are working around the world and in every industry. PMP project managers utilize updated standard methodologies, practices, and terminology to plan and facilitate all types of projects.

How much does PMP earn?

The average Project Management Professional (PMP) salary in Canada is between $61,140 and $224,618 as of February 2021. However, this range varies based on location, experience, position, and certification status. Everybody knows that salaries will vary, even for similar job roles and work positions. How much a person will be paid depends on several factors. Firstly, if you are an apprentice, you cannot expect a higher income.

Furthermore, living in an industrialized or urban area will probably fetch you more in earning income. Another factor that heavily influences a particular person’s salary is his employer and the responsibilities that are assigned to them. Ultimately, all of these criteria account for deciding salary for anyone, regardless of any course or profession. From the topmost professionals to less experienced ones, salaries vary hugely in every corner of the world.

Factors that affect PMP salaries

According to the PMI’s Project Management Salary Survey 10th edition, a Project Manager’s average salary in Canada is 98,000 CAD. Additionally, these salaries vary based on the role covered and a project manager’s experience in the field. Some of the factors that will affect the average annualized salary are:

• Number of years of experience
• The position and responsibilities
• Certification status
• Experience as Project Manager
• Team size you are leading

PMP salary based on work experience

According to the PMI 10th edition salary survey, project managers’ average salaries vary widely based on their experience levels. Ultimately, here’s what you can expect to make in Canada based on your Work Experience:

S.No	Work Experience	Annual Mean Salary in CAD
1	Less than 3 years	61643
2	3 – 10 Years	66750
3	5 – 10 Years	81697
4	10 – 15 Years	93295
5	15 – 20 Years	102451
6	More than 20 Years	116384

PMP salaries based on job position

Work experience and job position go hand in hand in any organization. As you accumulate more experience, you will naturally get promoted to a higher position in the firm. Hence, here are several different Project Manager Position salaries for companies in Canada.

S.No	Position	Annual Mean Salary in CAD
1	Director of Project Management/ Project Management Office	131695
2	Portfolio Manager	119449
3	Program Manager	114269
4	Project Manager III	107714
5	Project Manager II	91119
6	Project Manager I	81646

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PMP salaries based on years worked in project management

Work experience is considered an essential criterion in determining a person’s salary, but having work experience in a similar field in which you are currently working makes a significant impact on determining your aligned skills and practices. Professionals who worked as Project Manager in their prior organizations will fetch them even more salaries.

S.No	Years worked in Project Management	Annual Mean Salary in CAD
1	Less than 3 years	68992
2	3 – 10 Years	82331
3	5 – 10 Years	92234
4	10 – 15 Years	108321
5	15 – 20 Years	116385
6	More than 20 Years	128596

PMP salaries based on team size you are leading

Managing people has never been easy – employees don’t come with an operating manual. Each person is different and has their own unique set of complexities and quirks. Significant changes in the workplace make managing today’s employees is even more difficult. Challenges include increases in matrixed teams, digitalization, remote working, and automation, blending of work and life, and building diverse and inclusive environments. Therefore, Project Managers leading team size is directly proportional to PM’s salary.

SL.No	Team size	Annual Mean Salary in CAD
1	1 – 4 People	93141
2	5 – 9 People	102623
3	10 – 14 People	109870
4	15 – 19 People	111179
5	20 or more People	123818

PMP salaries based on your gender

In almost all countries, if you compare men’s and women’s salaries, you find that women tend to earn lesser than men at similar positions. These inequalities have been narrowing across the world. In particular, over the last couple of decades, developed countries have seen sizable reductions in the gender pay gap; Canada is no exception from these.

SL.No	Gender	Annual Mean Salary in CAD
1	Male	108244
2	Female	95996

How quickly do PMP salaries increase from raises and promotions?

Organizations will offer different career paths depending on their frameworks, culture, and situations. Furthermore, growing in Project Management in various roles is a matter of your results, efforts, experience, etc.

Generally, suppose a project manager is doing a great job. In that case, he/she can expect to become Project Manager II in a maximum of five years and ten years to become Project manager III. However, accessing even higher roles is just a matter of time, effort, and opportunities.

No matter whatever the position is, the Project Manager can expect fast salary growth. According to the same PMI salary survey, 70% of the Project Managers interviewed had a salary increase from last year. Furthermore, a quarter of them had at least a 5% increase from the previous year’s salary.

Conclusion to the Topic : How much does a PMP make in Canada ?

According to the PMI survey, 80% of the PMP certified earn at least 20% more than their non- certified counterparts. PMP certification makes a huge difference. Combining with that, the possibility of being hired by employers worldwide is very high. It is undoubtedly worth gaining the PMP certification for any Project Manager across the world, and Canada is no exception from this.

There are several criteria in determining salaries like the number of years of experience, position covered and responsibilities, Certification status, Experience as Project Manager, Team size you are leading, and gender. Recent Project Management Institute (PMI) 10th edition of Salary survey of PMP in Canada shows that an average Project Manager gets an annual salary of CAD 98,000. This amount of salary increases with your capabilities, efforts, and result efficiencies.

So, what are you waiting for? Take your career to the next level by being a PMP certified Project Manager.