According to the project management job growth and talent gap survey by PMI, the demand for project managers over the next 10 years is predicted to grow faster than any other profession or industry. Project management is growing at a fast pace and so is the need for project managers. In this guide, now let us take a closer look at what is the salary of a project manager and the factors that influence this salary range.Įvery organization is looking to hire project managers who can lead and manage all the organizational projects. Jira Certification Course for Business analyst.BA Training with Investment Banking Domain.Project management has several various benefits and it is a much function in different forms of modern industries. The task of a project manager is very critical and important for the progress of the project.įor planning or completion of a project, the project manager is responsible for managing the people of the team. Project managers are now in incredibly high need, regardless of the sector in concern. In today’s world, a project manager needs to have a PMP certification if he wants to complete his dream and grow exponential in the competitive world, due to this it increases the chances of getting high perks with a better job profile. In reality, 93% of STEM workers’ pay salaries well above the national average, and the national median salary for all STEM occupations is almost twice the average salary for non-STEM roles. Project management wages in the fields of research, technology, engineering, and mathematics (STEM) are extremely high due to the fast growth and demand in these sectors. It is expected to be true and might be critical to some other factors like which country you have worked in. Work experience also counts for your increment in your salary, if you have worked as a project manager in a company and has a PMP certification then you expect that there will be an increment in the salary. Experience also counts for a project manager PMP certification ensures that the project manager knows what to do in the above 5 phase by PMP certified project managers get wide knowledge and it helps to perform better. Finishing: The project manager makes a successful delivery of the project.Supervising: The project manager ensures the project values is being done and make necessary changes if needed.Executing: By giving the proper guidance to the team the particular task is achieved.Preparing: The project manager makes a plan by knowing the available resources like equipment, workforce, etc.Project initiation: In this, the project manager initiates the project and prepares a particular task before starting the project. Why one gets a compensated hike after the PMP Certification? However, if you have a PMP, your salary can increase to $111,000. In the US a normal non-certified PMP person can get a pay boost of up to $90,000 per year. However, various organizations have strong standards of pay incremental increases for managers who have obtained a PMP test. The maximum job profile for PMP certification manager is from IT Industries, Software Project Manager, Developer Manager, Engineering Operation Manager, and much more. Only 10% – 12% of females take the PMP exam in India, their average salary is around 4,60,107 to 17,54,870 lakh PA. The survey included around 20,000+ managers in around 40 countries, which includes 1200 managers from India.įor India, a PMP-certified manager gets a salary of around 17 lakh PA while the non-certified manager gets 12 lakh PA. Effect of PMP Qualification on salariesĪ survey was conducted by 9 th PMI salary shows that those managers who have PMP certifications get a 20% rise in their salary than the non-certified managers. Before giving the exam one should practice thoroughly and solve all previous year’s questions to easily give the exam. It is a 4-hour exam that consists of Multiple Choice Questions (MCQ) and recent PMP exam pattern change from which consist of different types and format of questions, the results of the exam are immediately available on the computer screen after the submission of your answers.
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