PMP stands for Project Management Professional, a certified designation offered by the Project Management Institute (PMI) based in Pennsylvania. As the complexities of businesses and their processes are on the rise, the corporate world is seeing an increase in the demand for proven experts in Project Management. A PMP certificate is that one thing that certifies your expertise and ensures the recruiter that you have what they are looking for.
The Project Management sector is forecasted to grow almost 33% between 2020 and 2027, as reported by PMI. There would be around 88 million project managers by the end of this period, and candidates would need something to make them stand out from the crowd. Project management training caters to this need and is thus very well recognized by recruiting top firms. As payscale.com reports, a PMP certificate also helps increase the salary of an individual by almost 40%.
The average salary of a Project Manager in India is nearly ₹12 lakh per annum. The same Project Manager, if having a PMP certificate, can earn an average salary package of ₹20 lakh per annum [Source: payscale.com]. This certificate, which can be pursued online, also opens multiple jobs for you, which a generic project management course might not be able to.
A PMP certificate is recognized across the globe and thus considered a trademark of expertise in Project Management. Let’s get into this depth and find out what all this non-traditional certificate has in store for you.
What are the Job Openings after a PMP Certificate?
Practically, the usefulness of any educational certification course can be assessed only based on the career prospects it offers to you. This can be divided into two categories: job and salary. A PMP certificate gives a dual benefit here as it opens new job arenas for you as well as increases your pay package.
The table below gives insights into what all jobs are available to a certified PMP candidate and what average salary they get in India as well as the USA.
|Job Role||Average Salary in India||Average Salary in the USA|
|Senior Project Manager||₹22,71,000||$118,200|
|Agile Project Manager||₹10,48,000||$110,139|
|Assistant Vice President||₹24,10,000||$116,655|
|Entrepreneur in Residence||₹8,08,000||$103,000|
|Project Management Consultant||₹7,60,000||$84,563|
Which are the Top Companies Recruiting PMP Candidates?
PMP recruiters are spread across the globe; therefore, candidates mainly found jobs in top-notch companies like Fortune 500 and other global MNCs. Some of the common PMP recruiters are listed below:
- Publicis Sapient
- JP Morgan
- RBS Bank
- McKinsey & Company
Which are the Major Skills Earned by a PMP Certificate?
PMP is a skill-oriented course as it aims to land you in a superior job role directly. While different Authorized Training Partners (ATPs) of PMI claim to offer unique benefits, the overall gist is the same. The points below highlight the key skills which you earn after completing a PMP certification course.
- A PMP certificate teaches you how to break down your work into proper structure, prepare layouts, and then proceed properly.
- You also learn about how to estimate the cost beforehand and keep that in mind at every stage of the process.
- Resource allocation is a major player and thus a key responsibility of a Project Management Professional.
- In project management training, you also learn about Gantt charts, mathematical project scheduling models, and various concepts of economics too.
How to Get a PMP Certificate?
Getting a PMP certificate from any corner of the world is pretty easy, and you need to go through the following steps for that.
- Step 1: You need to register yourself on the official website of PMI. While registering, you also have the option to become a member of the PMP community. However, you would be required to pay an additional fee for that.
- Step 2: After registering, the next step is to join an online PMP certification course, from an Authorized Training Partner (ATP), as accredited by the PMI itself. Some of the best ATPs are Simplilearn, SPJIMR Mumbai, TATA, etc.
- Step 3: Once your training starts, you would be required to earn 35 PDUs, i.e., Professional Development Units. These PDUs can be either the hours you spend learning or even the hours you spend mentoring others. One hour of engagement is equivalent to 1 PDU.
- Step 4: Once you meet all the requirements, you need to revisit the official PMI visit and sign up for an exam, as per your date and time convenience. Make sure you pass the exam with at least 80% marks to stay on the safe side. Each exam is very costly, and it is not feasible for everyone to give multiple attempts.
- Step 5: As you clear the exam, you are a certified PMP professional now. But wait! It does not end here. Even after you get your certificate, you need to keep it alive. As the market evolves, it is mandatory for PMP candidates to earn 60 PDUs every 3 years. Failing this, you are liable to lose your certification.
In addition to this, candidates also need to consider specific eligibility terms as asked by PMI. Before attempting the PMP exam, candidates need to have a certain minimum work experience in project management.
For those with a 4-year full-time bachelor’s degree, a minimum of 36 months of work experience is required. Those who, on the contrary, have a diploma or an associate’s degree need to complete 60 months of work experience.
If you feel you satisfy all these criteria, it is best to go for a PMP certification right now. The popularity is still on the rise, and only a few people know about it. Therefore, utilize the era of less competition and start your incredible PMP journey now.