Which Industry Pays The Most To PMP ?
Which Industry Pays The Most To PMP ?
Learning Mudra, Category - PMP
Industry wise PayScale scenario of PMPs in India
In India, students have to work and study for a long time to finish their education. The education system in India is 10+2+(3/4) years minimum to get a Bachelor’s degree. After all this studying and working, the final goal for most of the students is to get a high paying job. With changing times, trends have also changed and technology and innovation are very much in demand along with healthcare. The highest paying jobs today are basically Healthcare, Data Industry, BFSI Project Management and Marketing. The average salary ranges from 7 lakh to 10 lakh rupees per annum and thee maximum is between 20 lakh to 40 lakh rupees per annum. But having said that, the salary also depends a lot on the person’s skill, knowledge, experience and a little bit of luck. Also, the highest salary also differs according to industry such as the salary of project Manager in IT industry is higher than that of a project manager in construction industry.
The average annual salary of a healthcare professional (doctors and surgeons) is 10 lakh rupees while 25% of the healthcare professionals earn a salary of in excess of 20 lakh rupees annually. The educational qualifications required for this industry is M.B.B.S and a specialization such as M.D. Top employers are AIIMS, Apollo etcetera. Next is the data science industry. The average salary of a data scientist in India is 9.5 lakhs annually. In fact, the starting salary for them is 4 to 12 lakhs while data scientists with a minimum of 5 years’ experience can earn up to 60 lakh rupees annually. The education qualifications required is a graduate degree along with a PG Diploma in Data science. Top employers are Amazon, Walmart Labs, People Interactive etcetera.
More Insight of the PMP’s PayScale in other industries
Another high paying industry is that of Blockchain Technology. Blockchain developers in India have an average annual salary of 8 lakh rupees. Due to the lack of skilled professionals, companies even pay up to 45 lakh rupees annually for the job of a blockchain developer. The educational qualifications required are BE / B. tech in Computer Science, Mathematics, Information Technology with experience in Java, Java script, Python, C, C++. Top recruiters are Auxesis, Primchain etcetera. The next industry is that of management consultancy. A management consultant earns around 6 to 7 lakh rupees annually at the beginning of his/her career while an experienced management consultant can earn up to 18 to 23 lakh rupees per year. The educational qualifications required are bachelors or master’s degree in management courses such as BBA or MBA along with specializations in Consulting, Finance, Economics etcetera. The top employers in India are McKinsey & Co., KPMG, Accenture etcetera.
The designation with high salary prospects
Lastly, the designation with high salary prospects currently is that of a project manager. According to LinkedIn, the average salary of project managers is 14.4 lakh rupees per annum. The beginners with no experience can earn around 7-8 lakh rupees per annum while experience professionals can earn around 17 to 26 lakh rupees per annum. The top paying industries in this field is IT, FMCG, Retail, Big Data companies and Telecom industry. The educational qualification required is a bachelor’s degree along with experience in project management. The best way to secure a high paying job in this role is to get a Project Management Professional, PMP Certificate from the Project Management Institute, PMI.
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What does the data say about PMPs' salary ?
According to PayScale.com, the average salary of a project manager with a PMP certificate in India is 17.5 lakh rupees per annum. The candidate is required to pass the PMP Exam in order to avail the PMP certificate. The criteria for the eligibility for giving a PMP Exam is either having a 4-year bachelor’s degree along with 36 months of experience leading projects and 35 hours of PMP education or having a high school diploma (or an associate’s degree or a global equivalent) along with 60 months of experience leading projects and 35 hours of PMP education.
About Learning Mudra
The 35 hours of PMP education plays an important role in the preparation for the PMP exam and it is important to opt for the best PMP training course from the top PMP Training Institute in India, which is Learning Mudra. Learning Mudra provides a hands-on course that prepares the candidate thoroughly for the PMP exam through rigorous training of 6 mock tests that include 1200 questions in addition to 24/7 end to end support via texts, call and email. According to PMI, the project managers with a PMP certificate earn 25% more than those without the certificate. Also, it is forecasted that companies would need to fill 2.2 million jobs each year in project management up to 2027. Therefore, it is a good time to take the course delivered buy Learning Mudra and prepare for the PMP exam and earn high amounts after becoming a project manager. The top employers are Google, Microsoft, Amazon, Flipkart, Wipro etcetera.
Other high paying Jobs in India
Other high paying Jobs in India are :
|Other high paying jobs||Average Annual Salary|
|Machine Learning||7 Lakh Rupees|
|Full Stack Developer||3.75 Lakh Rupees|
|Investment Banker||12 Lakh Rupees|
|Chartered Accountant||7.89 Lakh Rupees|
|Marketing Manager||7 Lakh Rupees|
The Author : Learning Mudra
Learning Mudra is one of the world’s authoritative providers of online training for Project Management, Data Science, Software Development, Digital Marketing, Cloud Computing, , IT, and many other budding technologies.
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