What is PMP Certification Jobs Salary ?

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What would be the scenario after doing PMP certification? Will there be better job prospects? Will there be salary improvements? These are some of the questions, which pop up inside the mind of people, who think of doing this credential. So, it’s all about the money in the end. Let me tell you, as per the multiple reports it is a right decision for those who think of going for this credential and who are still thinking of whether to go for it or not. It is indeed true that there would be better job prospects, and yes, there could be a hike in your salary and an open world of numerous opportunities post passing the PMP certification exam.

Talking about the jobs like in India where a PMP certified individual is preferred over the non-certified ones are in IT sector, real estate, consulting, telecom sector and it goes on. We will go one by one so that you may have a better understanding of how things are like post getting this credential. Some of the companies who hire the certified individuals with a good paycheck are Infosys, Accenture, Capgemini, IBM India Pvt Ltd., HCL technologies and the salaries vary from one organisation to other but the median salary is almost similar. Individuals who have the PMP certification get an average 20 per cent higher salary than those without one.

Now the Stats

In India, the median salary of a PMP certified individual is ₹17 lakhs per annum and ₹12 lakhs per annum for those who do not have the certification. Typically the beginners who just got themselves in project management and those who have been in the field for 20 years, the median salaries range from ₹15 lakhs per annum to ₹30 lakhs per annum. The mean salary for the PMP certified individuals is probably ₹21 lakhs per annum. The salary figures are different for men and women who are certified, the mean salary for men is around ₹6,59,000 to ₹21,73,000, whereas, for women it is ₹4,60,000 to ₹17,54,000 according to the PMI report.

Let us look onto the hierarchical level of a PMP certified individual in any organization as a project manager are, Project Management Consultant, Project Management Specialist, Project Manager I, Project Manager II, Program Manager, Portfolio Manager, and the highest level being the Director of Project Management Office (PMO). The median salary for a PMO is around ₹33, 00,000 per annum and for a Project Management Consultant it is ₹16, 00,000 per annum. The individuals who are having a work experience of 5-10 years their mean salary is ₹13,00,000 per annum, 10-15 years of work experience have a mean salary of ₹18,00,000 per annum and more than 20 years of work experience, their mean salary is ₹27,00,000 per annum (according to the latest PMI report).

what is pmp certification jobs salary

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Gender Bias

The gender diversity data of PMP certified individuals tells a lot about the current status of the preference, the good thing is that more women are joining the project management workforce in India. The men population is around 87 percent and 13 percent for the women and there is about 2-3 lakhs of difference in their salaries for the same position occupied in any organization. It is seen that women have better empathy and compassion as compared to men when it comes to interpersonal relationships. Well there is not any report or any evidence that could give an inference if gender makes better PMP certified project managers or not but something to be assured of is that the future is going to be good.

Industry Specific

The salary structure is typically based on the type of projects a PMP certified individual is into. As such, some of the project types are Business Transformation, Construction, Engineering, Information Technology, Manufacturing, Operations, Quality Management, Regulatory Compliance, Research & Development, and Supply Chain Management/ Logistics. The mean and median salaries of the PMP certified individuals working in these projects vary from ₹17,00,000 to ₹23,00,000 per annum. The industries in which the PMP certified individuals are hired are Aerospace, Business services, Construction, Consulting, Engineering, Financial services, Food and beverage, Government, Healthcare, Information technology, Insurance, Pharmaceuticals, Real estate, Resources (Agriculture, Mining, etc.), Telecommunications, Training/education etc. In them the aerospace and resources give the higher salaries as compared to other industries.

Conclusion to the Topic: What is PMP Certification Jobs Salary ?

Getting a PMP certification would not only enhance your salary figures but will also open a door of numerous opportunities. Since it is a globally recognized certification, and post getting certified the person could work in any industry globally. This credential indicates that you can communicate in the global language of project management and it provides an excellent regard to PMP certified individuals around the globe. Also, as the prerequisites of the exam says that a candidate needs to have at least 4500 hours (for bachelor's degree) of project management experience, and 7500 hours (for associate degree) of work experience, so there is a presumption that a PMP certified candidate would be well enough equipped with the necessary knowledge and skills and be industry ready.

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