PMP Certification Salary Increase & Job Prospects In 2023

PMI Salary Survey suggests that PMP certified project managers get 16% higher median salaries than those without a PMP certification. In some countries the salary increase can be as high as 50% e.g in Columbia, credentialed PMPs can expect an wage increase of 56% over non-credentialed PMPs.
Similarly, the certified professionals in USA get much more remuneration than their non-certified counterparts. They earn $123,000, which is $30,000 or 32% more than non-certified project managers, who earn just $93,000.
As per Indeed.com, PMP is one of the highest paying certifications in the World. According to the article, the estimated annual income of Certified PMPs in USA is around $135,798, which is much higher than average personal income of $63,214.
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In this post we will analyze the emolument and career benefits of PMP certification. We will try to understand the earning power of PMPs and analyze how much salary increase is possible after passing the PMP exam. We will also discuss how PMP can enhance the job prospects.
Note: If you like what PMP credential can give you then you should read our detailed guide on how to become certified PMP.
Countries where PMPs get Maximum Percentage Salary Increase
We already know that certified PMPs can earn as high as 56% as compared to non-certified professionals. The increase in earning depends upon your country of residence, job role, and project management experience.
Following table contains a list of the top 10 countries where project managers can expect maximum percentage salary increase after becoming PMP certified.
S.No. | Country | Without PMP Certification | With PMP Certification | Salary Difference | Percentage Increase |
1 | Colombia | $21,327 | $33,236 | $11,909 | 56% |
2 | Peru | $23,176 | $33,108 | $9,932 | 43% |
3 | Portugal | $35,898 | $50,257 | $14,359 | 40% |
4 | Nigeria | $16,887 | $22,797 | $5,910 | 35% |
5 | Mexico | $29,834 | $39,779 | $9,945 | 33% |
6 | United States | $93,000 | $123,000 | $30,000 | 32% |
7 | Philippines | $29,348 | $38,410 | $9,062 | 31% |
8 | South Africa | $53,942 | $69,156 | $15,214 | 28% |
9 | Poland | $41,509 | $50,441 | $8,932 | 22% |
10 | Brazil | $25,941 | $31,181 | $5,240 | 20% |
Countries with Highest Earning Power for Project Managers
Following table contains a list of the top 10 countries where project managers earn highest average salary.
S.No. | Country | Maximum Average Salary |
1 | Switzerland | $140,983 |
2 | United States | $115,000 |
3 | Australia | $113,664 |
4 | Germany | $106,498 |
5 | Netherlands | $101,711 |
6 | United Kingdom | $96,326 |
7 | Ireland | $95,728 |
8 | Belgium | $92,732 |
9 | New Zealand | $88,886 |
10 | Canada | $81,869 |
Percentage Salary Increase in Countries with Maximum Certified PMPs
Following table contains salary increase data for top 10 countries that have highest number of certified PMPs.
S.No. | Country | Percentage Increase |
1 | United States | 32% |
2 | China | 15% |
3 | Canada | 17% |
4 | India | 18% |
5 | Japan | 2% |
6 | Saudi Arabia | 6% |
7 | Brazil | 20% |
8 | Germany | 17% |
9 | Spain | 11% |
10 | Singapore | 13% |
Job Prospects After PMP Certification
You might wonder why do project managers and specifically PMP certified project manager earn so much. The answer lies in demand and supply. Here is a quote from Project Management Job Growth and Talent Gap 2017โ2027 report.
Through 2027, the project management-oriented labor force in seven project-oriented sectors is expected to grow by 33 percent, or nearly 22 million new jobs.
PMP certification is one of the most renowned certifications worldwide for a project manager. Unlike any other certifications, PMP does not focus on a particular geography or domain, it is truly global. As a PMP, you can work in virtually any industry, with any methodology and in any location. You can find junior project manager remote jobs on Jooble.
This certification is universally recognized. Getting this certification is not easy. Therefore, it gives a good impression on the recruiter. This certification mark on your resume makes you stand out from a bunch of others.
PMP is one of the most sought after credential in the World – just search the “most valuable professional certifications” in Google and you will realize that recruiters go head over heels to attract PMP certified project managers.
The top job profiles that deliver the maximum worth of PMP Certification are IT Project Manager, IT Senior Project Manager, Software Development Manager, Project Manager, Program Manager, and Engineering Operations Manager.
Most big companies specifically look for this certification while hiring a project manager. It becomes easy to land up a project management job if you are certified. The certification inherently proves that the candidate holds a good experience and practical knowledge.
Conclusion
There are many benefits of PMP credential but salary increase and enhanced job prospects are the major ones.
PMP not only helps you on a professional level, but it works in favor of the company that youโre working with as well. PMP certification improves your effectiveness and efficiency as a project manager, which increases your productivity, this further leads to an overall improvement in the revenues of the organization. It gives you a prestigious position in society.
If you are thinking of taking the PMP exam then you should go for it because end-result will give a massive push to your career.
PMP is a costly exam but its value far outweighs its cost. It is a well-respected and renowned exam. Furthermore, it is globally accepted. So, the eligibility criteria is slightly strenuous.
If you have the requisite project management experience and are looking for a training then you can look at our PMP 35 contact hours online training course. It is a wholistic preparation program that comes with every possible study aid.
Our PMP program is priced as low as USD 149 in USA. Our training is unmatched in the industry. It will enable you to pass the PMP exam in your first attempt and, in case you are unsuccessful, we will refund 100% training fee.
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Over to You
Do you think just one certification can increase the salary by as much as 50%? In you opinion, how much bump can you expect in your salary after doing PMP certification?
Looking forward to hear from you in the comment section below.