Scope Of PMP Jobs and Salary

Many project managers are asking themselves if they can get certified. If so, what salary will I earn? The certification is a significant investment in time and money. Let's take a look at some statistics and numbers to help you understand the potential benefits of PMP certification.

An experienced PMP-certified project manger earns 20% more than a non-certified manager.

58% of organizations don't fully appreciate the importance of project management. This leaves you with a lot of potential for your project management skills.

PMI's annual survey found that 68% of respondents used contract or outsourced project managers in 2018. This is more than 2/3 of the organizations. Organizations are actively seeking qualified project managers to join their ranks.

India's PMP-certified professionals makeover 17 Lakhs per year, with a PMP salary of up to 40 Lakhs each. These PMP salaries alone are enough to justify a PMP certification.

We will be covering the following topics in depth in this article:

Competitive edge of PMP

Five ways that the PMP certification will help you land a great job

How do you become PMP certified

PMP's Competitive Edge
To spice up their resumes and show their commitment to their work, increasing numbers of people enroll in certification courses. Both recruiters and candidates see certifications as a major advantage.

The Project Management Professional is not just the most reputable PMP certification training (https://www.edureka.co/pmp-certification-exam-training), but one of the best certifications to get across the board. Many professionals want to become a PMP. The numbers make it clear why. A high salary is the main draw to pursuing a PMP certification.

What other benefits can a PMP certificate bring? Is it possible to get a job on these highly competitive markets with a PMP certification? Here are some ways you can get the PMP salary you have always desired!

Five Ways the PMP Certification can Help You Get an Amazing Job
The PMP makes your resume stand out Most employers find it telling that you have to overcome these obstacles. It takes effort, time, and dedication. A certification in Project Management will make your resume stand out as a great asset. Certification will make your career more successful if you are a veteran with a track record. Most recruiters use certification to reduce their candidate pool.

In an interview with Software Advice, Kevin Archbold, consulting manager at Key Consulting, said that while applicants are being filtered, many recruiters tend to divide resumes into two piles: one that consists of candidates with the PMP certification stamp, and the other without it.

Rosemary Guzman is an Executive Recruiter for Hook the Talent. She stated to the same source that many recruiters prefer this certification over a master's. While a master's degree is valuable for many reasons, a PMP certifies that the rigorous criteria have been met and approved by Project Management Institute, a national authority in project management. The PMP credential provides training and high-level industry exposure.

Tim Wasserman, Program Director of Stanford's Advanced Project Management Program says that PMP certification is a prerequisite for many highly-regulated industries like aerospace, financial services and pharmaceuticals. These industries value the PMP certification because it shows that you can adhere to strict processes and oversee sensitive and regulated projects such as creating a new drug to be released for public consumption.

The PMP imparts knowledge of a common global language

Not only will it improve your job prospects but also help you become proficient in Project Management, the international standard language that is used by executives and other Project Managers. PMP training shows segments of a project that candidates may not have been able to articulate before. The project goals, the resources required, assumptions made, risks taken and constraints that stakeholders work under are all examples of PMP training.

PMP training is a proven framework that promotes effective communication. Employers will be more likely to hire candidates who have demonstrated the ability to solve problems.

It is easier to communicate with vendors and clients using the same PMP language. The common language reduces the need to explain and give examples and makes brainstorming sessions faster, easier, and more productive.

There is a demand for certified project managers

Project Managers will continue to be in high demand as long as there is human enterprise. Andrew Kallman, Enterprise Agile Coach, found that Project Managers are in greater demand than Agile Coaches and Agile Project Managers. Below is the graph that shows this difference.
A survey conducted by ComputerWorld shows that 40% of the IT executives have declared that they intend to hire Project Management professionals.

Project management is constantly evolving. Therefore, any company that addresses these issues must use standard and formal project management methods. As new digital markets emerge and new industries develop, so will the number of projects. These two factors will ensure that the demand for Project Management professionals is high for a very long time.

Networking Opportunities

To become a PMP, a potential candidate needs to first become a member of the PMI (Project Management Institute) which introduces them to the world of certified Project Managers. The 2016 Annual Report of PMI shows that there are more than 740,000 PMP members around the world, with this number growing each year.
PMI holds meetings in major cities where members gather to share their knowledge and build a network. These meetings are also designed to help PMPs obtain the Professional Development Units (PDUs) that are required to renew their certification.

These networking sessions offer a variety of career opportunities for members who are looking for fellow PMP professionals. These meetings often have enough time for members to present the job opportunities at their organizations.

There are many resources that PMPs have access to, apart from PMI meetings. These resources allow them to connect online and offline, explore career possibilities, and reflect on the most recent developments in Project Management.

Little experience can make a big difference

As mentioned, the PMP exam requires that aspirants meet a number of requirements that employers value highly. Candidates must have accumulated thousands of hours and have a high level experience. For an associate's degree you need at least 60 months experience to be eligible to take the exam. A bachelor's degree requires close to 36 months experience.

To ensure honesty about potential candidates, there is a strict audit process. Employers will see that the PMP is on your resume. This shows they know you have worked hard and have plenty of work experience to verify your skills.