Does PMP Certification Training improve your salary?

PMP certification is not easy to achieve. Preparing for the following certification takes a lot of money, time, and commitment. Therefore, it is essential to know whether the following is worth it or not. The professionals of Project Management agree on this fact. In this article, we will discuss the certification training of PMP and how does the following prove to be beneficial for the candidates when it comes to raising their salary.

What a PMP certification actually is and who can achieve the following certification?

The PMP or the Project Management Professional is a certification offered to the candidates by PMI or the Project Management Institute in the field of project management. The following credential is specially designed for project managers. The following certification has now gained a lot of fame and popularity all over the world. The following has now become the benchmark of success in the field of PMP certification. The demand for project managers is increasing in a lot of sectors such as travel, construction, finance, healthcare and Information Technology, and many more. The main work of the project managers is to deal with issues related to the project.

The Project Managers have to locate the issues in the project and have to bring a solution for those issues. They also need to make sure that all the tasks are carried out in a proper way and on time. The following also involves maintaining a record of the people who work on the project, check the budget, and make sure that the projects are delivered as per the deadlines. The job of project managers is tough and complicated. This is the reason due to which they are paid a profitable salary. Who would deny such an offer when it comes to making money? Another reason for the high salaries of candidates in the field of project management is the increasing demand for project management.

Does the PMP certification play any role in raising the salary of individuals?

It is a sure fact that the certification of PMP brings a high salary along with it. The never-ending benefits and demand of the credential are the real reason for the high salaries of the individuals. Apart from a high salary, the certification of PMP brings a lot of benefits along with it, such as experience and recognition. In most countries, the candidates having the PMP credential seem to earn more money than non-certified candidates. As per surveys conducted, a candidate can earn around 114,000 to 144,000 if he has a PMP certificate and works as a project manager in financial or insurance organizations. On the other hand, the non-certified candidates seem to be earning a lower amount of salary as compared to the following.

The increment in the salary of an individual depends on many factors, such as the growth of the industry and the availability of projects in the industry. Some of the profitable jobs for project managers are Information Technology Senior Project ManagerProject Manager, Information Technology Project Manager, Program Manager, Software Development Manager, and Engineering Options Manager. These are some designations which give individuals a higher amount of salary.

What is the reason due to which PMP Certified Project Managers earn a higher salary?

The main concept which PMP follows is that “even if you’re executing the same work, after gaining the certification, you’ll be able to do the work with more consistency. The following credential just enhances the skills of the candidates in the field of project management. There are five phases of the project manager. They are:

1. Project initiation states that the project manager will bear the responsibility for the preparation of all the work before a project begins.

2. Planning: This means that the project manager has to build strategies in his whole project lifecycle and also has to find solutions for the issues that arise.

3. Implementing, which means the certified project manager has to lead the team and guide them to complete their objectives as well as fulfill the demands.

4. Monitoring, which means the project manager has to ensure that the deliverables of the project remain on the proper path, and he also has to take care of challenges that might arise in-between a project./

5. The last phase of the project is closing, in which the project manager has to make sure that the project is completed in an effective way. Winding up the final data of the project is also the work of the project manager.

EndNote:

PMP is recognized as “the most popular and recognized certification in the field of project managers.” In the following article, we have discussed the reasons due to which PMP professionals earn a high salary. This implies that the certification training of PMP improves the salary as well as the earning potential of a candidate.