How much does a PMP increase salary
How much increase in salary can be seen if you do PMP certification?
If we see the benefits of doing the PMP certification, then we can see that the project managers have the capacity to reduce the cost of the company, help in generating the revenues and increase in the organizational efficiencies. 97% of the organization have agreed that Project Management is necessary for the success of the company and this is the reason that they are ready to pay for it. It includes the level of education and experience of the manager, region, team size and the industry of the company.
Now the question is How much does a PMP increase salary? If we compare the salary of PMP and non-PMP project manager, then the difference is 20% and that is a sizable amount. Earning the master’s degree in Project Management will not only increase the salary but it also enhances the marketability.
The salary also depends on years of experience. It also makes the impact on the you as a Project Manager.
The area of specialization within the discipline will also increase the salary.
- 26000 Project Managers in 34 countries were covered in a survey that included 1197 professionals from India. They expect the salary of 17 lakh P.A. while non PMP manager only gets 12 lakh p.a.
- The report also provides the information about the salary across 15 demographic variables that include years of experience, position description, industry and type of projects.
- Overall 20% hike is for sure for the candidates who have done the PMP certification.
This rise in the salary and the career ladder it provides is the only reason that professionals opt for this certification. The economic growth becomes the reason for the people going towards this certification.