Is PMP Certification Worth It? Salary vs Investment [2022]

In any profession, having credentials can give you an edge over the competition. The same is true in project management, where your Project Management Professional pmp dumps 2022 certification can help you command a higher salary. But is the PMP worth the time and money it takes to get certified? This article will break down the investment vs. salary debate so that you can make an informed decision for your career.

PMP Certification: The Pros

 PMP certification is widely recognized in the project management field and can give your career a boost. The certification demonstrates that you have the knowledge and skills necessary to be a successful project manager.

Earning your PMP can also lead to higher salaries. A survey by the Project Management Institute (PMI) found that certified project managers earn 20% more than those without certification.

Investing in your career with a PMP certification can pay off in the long run.

PMP Certification: The Cons

There are a few potential downsides to getting your PMP certification. The most significant one is the cost. The certification exam itself costs $555, and you will likely need to purchase study materials and take a prep course, which can add several hundred dollars to the total cost. In addition, you will need to pay an annual maintenance fee of $60 after you become certified.

Another potential downside to getting your PMP certification is that it does not guarantee you a job or a raise. While the certification may make you more attractive to potential employers, there is no guarantee that you will get hired or that your salary will increase.

Finally, keep in mind that the PMP certification is valid for three years. You will need to renew your certification every three years by taking an exam or completing 60 professional development units (PDUs). failure to do so will result in your certification becoming invalid.

Overall, the PMP certification can be costly and time-consuming. However, it can also open up opportunities for career advancement and higher salaries.

How Much Does PMP Certification Cost?

The cost of PMP certification varies depending on whether you are a member of the Project Management Institute (PMI) and whether you have any experience in project management. The exam fee for non-members is $555, and the exam fee for members is $405. There is also a $100 application fee. So, the total cost for non-members to become certified is $655. For members, the total cost is $505.

The cost of certification is not cheap, but it is an investment that can pay off. According to the Project Management Salary Survey, the median salary for project managers with PMP certification is $105,000. That is a significant increase from the median salary of $85,000 for project managers without certification.

So, if you are considering becoming a project manager, PMP certification is definitely worth considering. The cost may be high, but the potential salary increase is significant.

How Much Does a Project Manager Make?

 The average salary for a project manager is $85,000 per year. However, salaries can vary based on experience, location, and industry. For example, project managers in the construction industry tend to make more than those in the IT industry. Project managers who work in large cities tend to make more than those who work in smaller towns.

In addition to their salary, project managers also receive benefits such as health insurance and retirement savings plans. They may also receive bonuses and other forms of compensation.

Overall, project managers make a good salary. However, they also have to make a significant investment in their education and training. The cost of a PMP certification course can range from $2,500 to $4,000.

Conclusion

PMP certification is definitely worth the investment, especially if you are looking to improve your career prospects and earn a higher salary. The average PMP-certified project manager earns over 20% more than their non-certified counterparts, so the return on investment is clear. If you are serious about pursuing a career in project management, then PMP certification is essential. more about the author