The Project Management Professional (PMP)® is a globally acknowledged professional certification that validates a professional’s education and experience in project management. This coveted credential is offered by the reputed Project Management Institute to professionals who qualify in the PMP Exam conducted by the Project Management Institute (PMI)®.
Why PMP Certification? Here are the top 10 reasons you should consider getting PMP certified:
1: Globally Acknowledged
Who should become PMP certified? Anyone who wants the freedom to work anywhere in the world. The PMP is one of those credentials whose reputation precedes them, recognized and sought-after the world over (there are more than 760,000 PMP certified professionals worldwide). Achieving the PMP certification helps professionals demonstrate and showcase their skills and expertise to potential employers across the globe.
2: Salary Bump
If you’ve wondered why to get a PMP certification, you should know that PMP holders typically enjoy a dramatic and steep hike in salary once they have attained the PMP certification. On average, PMP certified professionals earn 17% more than their non-certified counterparts, according to the Project Management Salary Survey, Eighth Edition. According to the PMI’s Project Management Salary Survey released in July 2017, PMP certified professionals earn a median salary of $111,969 per year in the United States.
3: Expand Your Market Reach and Scope
PMP certification holders are a global yet close-knit community. There are many Project Management forums and online communities that attract PMP professionals from across the world who are willing to share tips, insights, and pool their experience—helping everyone stay abreast of the latest industry developments and trends.
4: Better Job Opportunities
PMP Certification opens up better career avenues and provides professionals with greater job opportunities in the project management world. According to a PricewaterhouseCoopers survey, 80% of high-performing projects use PMP credentialed project managers; according to the PMI Pulse of the Profession study, organizations with more than 35% PMP certified project managers demonstrated much better project performance than those without a certification.
5: PMP Professionals Get The Most Challenging Projects
The PMP Certification earns a professional a challenging and important role since the certification demonstrates an individual’s dedication to project management and attests to that person’s knowledge and experience in handling challenging projects. Additionally, since even the eligibility to take the PMP exam includes both education and experience, the PMP Certification validates one’s skills and experience leading and directing projects.
6: PMP Professionals Demonstrate Better Project Performance
Not all project managers are PMP certified. Consequently, project managers who lack the credential perform less efficiently than their certified peers. The standards for the rigorous PMP exam are higher than other project management certifications, testing professionals on five project management processes: initiating, planning, executing, monitoring & controlling, and closing, providing the Project manager with a detailed, standardized, actionable set of project management best practices.
Further, in order to qualify for the PMP exam, aspirants must have an in-depth understanding of nine knowledge areas of project management, including project scope management, integration management, human resource management, time management, cost management, quality management, and procurement management.
7: Greater Visibility To Recruiters
Research across industries suggests that organizations prefer hiring PMP certified project managers rather their non-credentialed peers. The PMP certification is a standard that demonstrates a professional’s expertise in project management and it immediately catches a recruiter’s eye during profile evaluation.
8: Applicable to Most Industries
The PMP certification is an ideal bet for all project managers in various professional fields, including IT, telecom, business processing, commerce, finance, research, and more.
9: A Great Investment for Your Future
The exam itself falls into about the middle range in terms of cost. While not as expensive as many of the high-tech, very specific exams, it isn’t something you are likely to take lightly. At $555 a test (unless you are a PMI® member, in which case it is $405), it doesn’t seem too expensive.
The passing rate of the PMP exam is estimated to be around 50 – 60%. Once you consider the pass/fail rate, you may decide that you need formal training. These types, of course, can cost between $1,500 and $2,000—not counting the cost of the exam.
10: PMP Professionals are Secure Even During Economic Downturns
With the economy yet to get back to where it was 15 years ago, there is still plenty of uncertainty. While no one is immune to layoffs and downsizing, 80% of executives around the world believe that having a PMP certification demonstrated core competencies that made the certification holders valuable even during a recession.