Have you considered obtaining a Project Management Professional (PMP)® certification? This is the gold standard in project management qualifications, and individuals who pass the exam receive several perks. Often, one of those benefits is a considerable income increase for those who get PMP Certification.
Because PMP certificate holders add so much value to businesses, you can expect to be paid more in your project management role than you did previously or compared to your non-certified counterparts. According to PMI, project managers who do not hold a certification earn an average of around $95,000 per year in the United States.
On the other hand, project managers who hold the PMP certification earn an annual salary of $120,000. That equates to a roughly 25% wage boost when the PMP certification aspect is included. Plus, you may anticipate a steady increase in compensation as your project management career advances and matures.
Why Does a PMP Certification Holder Earn More?
Whether a business is looking to adopt a new enterprise-wide software solution or manage an entire organizational restructure, PMP certificate holders are the best candidates. PMP certified professionals are significant assets — and it appears as though businesses globally are catching on.
According to the Project Management Institute’s (PMI)® Earning Power Report, 90 million project management-related employment roles will need to be filled by 2027. Thus, in less than a decade, there will be an unprecedented demand for PMP-certified individuals, but will there be a workforce to meet it? This need is one of the reasons why many project managers pursue certification.
The PMP certification is the industry’s most generally recognized project management certification. As said previously, when you hold this certification, you will undoubtedly receive a better average salary.
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