PROJECT MANAGEMENT SALARIES SHOW GROWTH & CAREER POTENTIAL

INTRODUCTION

The best perk that attracts a huge number of people to the PMP certification is salary. A great salary, a valuable designation, what else would we want from our dream job? Unquestionably, a PMP certified project manager earns a large amount of money. For earning a lot of money, first, we need to know what the specific requirements of the PMP certification are.

The greatest demand for a PMP certification is that you must have a four year bachelor’s degree along with 4500 hours of experience in the area of project management. Along with this, you must have also acquired PMP training for approximately 35 hours.

Salary of a PMP certified project manager

A PMP certified project manager can expect up to a 20% hike in his salary. This clearly shows that the salary of a PMP certified project will be more than a normal project manager. This hike for a PMP certified project manager is revealed by the PMI salary survey. The survey has been done among approximately 26,000 project managers across 34 countries. The average annual salary of a PMP certified project manager is $91,000 to $111,000 in the United States. The average figure of a PMP certified project manager is $81,000 per year. Of course, the salary depends on the job profiles as well as the experience level.

Salary based on experience

Usually, people with more experience in project management expect more salary than people with less experience. No doubt, they think in the right direction. But the increment of the salary for experienced people is not uniform all around the world. Among all the places, Singapore has remained at the first position on the list.

The difference in a PMP certified project manager with experience of three years and a PMP certified project manager with an experience of twenty years is 177%. On the other hand, in China, the percentage is 38%.

In South Africa, you get an increment of 47% in your salary if you have at least ten years of experience, but when it comes to Japan, experience doesn’t matter much at all. 

Salary according to job profiles

Along with the experience, the salary of a PMP certified project manager depends on the job profiles as well. If you are a project manager in information technology, then your average annual salary will be $65,161 to $125,836. Meanwhile, if you are a general project manager, then your average salary will be $57,877 to $122,485. Moreover, if you are a program manager, then your average annual salary will be $68,150 to $139,552. These salary figures have been revealed by the most popular job portal, i.e. PayScale.


CONCLUSION

There are many factors that decide what the salary of a PMP certified project manager is. Apart from experience, the qualification, the country where the person is posted as project manager and the responsibilities decide the salary package. Along with this, we have also seen the growth in PMP certified project managers. Get started with this informative project management course.

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