What is PMP engineer salary ?

What is PMP engineer salary ?

Learning Mudra, Category - PMP

Estimation is such that there will be approximately 16 million new Project Management job opportunities by 2021. We anticipate a $6.1 trillion growth in the industry’s footprint by 2020 (PMI institute Talent Gap: Project Management through 2020), and a 37% increase in the output of project-intensive industries, such as manufacturing, finance, construction, and IT. In order to bridge this talent gap people are taking PMP courses to gain the necessary skills and knowledge. Project Management Professionals or Certified PMPs take home an average salary of $109,405 almost double the average! These numbers alone justify taking the PMP credential test after being trained from the best and affordable PMP training institute.

Current trends

The good thing about hiring the PMP certified managers is the on time completion of the project with exceptional profit and consumer satisfaction. The global demand for project managers with PMP certification having done PMP course, is increasing fast because this qualification adds more values to their skills and competencies. Today, PMP certification has become a necessity for the project managers with dreams of exponential growth as a result of it brightens the prospects of obtaining higher earnings with better job profile.

Influencers

When you choose PMP course to upgrade your qualification, you certainly look into the probable benefits side of it. PMI institute conducts surveys across the globe on a daily basis to assess the salary hikes of the PMP certified professionals; the documented reports are just the reflection of the benefits as in salary increments, which are reaped after this certification. Besides the PMP certification, the top 7 key factors that influence the salary are Role in project management, Average size of project,  Average project budget, Average project team’s size, Type of industry, project management experience and job location. The good thing is everything of it is covered in the PMP course.

Salary Stats

According to last PMI institute salary survey, a PMP certified project manager or the oneswho have done PMP course get 20% higher salary in comparison to a non-certified project manager. If we talk about salary difference in India, a PMP manager can expect ₹ 17 lakh per annum while non-PMP manager gets only 12 lakh P.A. The significant salary difference is noticed based on gender. The average pay for male PMP manager varies between ₹ 6,60,000 to ₹ 22,00,000 approximately, whereas that of female PMP manager varies between ₹ 4,60,107 to ₹ 17,54,870 per annum approximately. The better perspective can be perceived if a candidate takes the PMP course.

Best Profiles in the market

An individual can have the real perception of what is liked in the industries who hire PMP certified individuals. The top job profiles that deliver maximum worth of PMP Certification are IT Project Manager (₹ 7,93,585 to ₹ 21,19,428), IT Senior Project Manager (₹ 11,72,525 to ₹ 25,59,417), Software Development Manager (₹ 821,760 to ₹ 2,309,586), Project Manager, Program Manager (₹ 4,91,610 to ₹ 27,39,591) and Engineering Operations Manager (₹ 3,08,613 to ₹ 16,18,782 ) etc. Although several of these positions do not need certification as such, also the PMP certification earnings tends to be higher for every post. The PMP course would impart all the required skills before a candidate delves into the professional career.

Industrial Perspective

The best and affordable PMP training course could give a practical idea of the fact that how things are like in the project-oriented industries. The designation of one's work is additionally an important attribute about the earnings that they get. Here is what the average pay of a certified PMP certified employee for various positions looks like: For in IT industry, a program manager earns an average of ₹ 2 million per annum, an Operations manager earns ₹ 8,68,000 per annum, IT director around ₹ 4 million per annum, and an IT vice president around ₹ 3 million per annum. A project manager in a construction can earn up to ₹ 1 million per annum.

Actual Company Perspective

PMP training course reflects you have gained some expertise into project management. Now, if you compare a PMP salary vs. non-PMP project manager’s earnings, the distinction is 20% a large quantity.  In USA, if you inspect a median PMP earnings, i.e., a PMP certified project manager’s salary- it is $111,000 as against $91,000 for a non-certified project manager as quoted by the PMI instituted. Not the United States, but it is Switzerland with a median PMP salary of $130,000 followed by Australia, United States, and the United Kingdom. The lowest PMP earnings within the list is Egypt.

Benefit of PMP coaching course is you have got the flexibleness in selecting the one that matches your budget, PMI membership that is non-negotiable, costs $139, PMP communication fee: prices $405 if member, else $555. The other resources that you will need to use in your preparation are books, question banks, flash cards, etc.  PMP certification could be a viable choice for those individuals who wish to make career in the project management world and again there are numerous holistic benefits as the learnings itself transforms the overall personality with necessary skills and knowledge. Hence, your earnings will increase after you still stay certified and in reality with the profession.