Many ambitious project managers considering certificates ask: “Can I get a job with PMP® certification? First, decide if this is a reasonable move.
Let’s take a look at some numbers and statistics to see how far PMP certificates can go.
According to workamajig:
- PMP certified project managers receive 20% more salaries than non-certified project managers.
- Only 58% of companies fully understand the value of project management. That leaves plenty of room for you and your project management experience.
- 68%, i.e. more than 2/3 of companies, stated in PMI’s annual survey that they used external or contracted project managers in 2018. This means that companies are only looking for qualified project management professionals to join.
What is a PMP certificate and who can get one?
Let’s start with the basics. What is PMP Certification?
The PMP accreditation offered by the Project Management Institute (PMI) is a certification for project managers. PMP accreditation is recognized in almost all sectors and is a benchmark for excellence in project management.
Today, project managers work in all types of organizations: finance, insurance, travel, healthcare, IT, etc.
Your main task is to manage projects in the company and make sure all tasks are done correctly and on time. This includes monitoring the people involved in the project, adhering to deadlines, controlling budgets, and more.
Needless to say, this is not an easy thing. So, if you can make more money doing the same job through tests, why not?
Does a PMP certificate increase your salary?
There are many benefits of PMP certification training, and a higher salary is certainly one of them. According to Smartsheet’s 2018 PMP Salary Source Comparison and Survey, PMP-certified project managers in the US earn 22% higher salaries than non-certified project managers
According to the smartsheet, if you work as a project manager in the finance and insurance industry and are a PMP, you can expect a salary of between $114,000 and $144,000 – a 20-22% increase over the salary of a non-PMP project manager.
However, wage increases may vary based on your industry and your current position.
Why do PMP certified project managers earn more?
The concept behind PMP training is that while you can do the same job after certification, you can do it with more skill and consistency. In essence, it validates your project management skills.
The five phases of project management include:
- Project initiation: The project manager is responsible for the preparation of all work prior to the start of the project and leads the initiation.
- Planning: The project manager plans the entire project life cycle and finds suitable resources such as consumables, Labor, etc.
- Implementation: The project manager leads the team through task execution and goal achievement.
- Monitoring: The project manager ensures that project results are up-to-date and handles all possible changes.
- Closing: The project manager ensures that the project is completed and completes all final details.
- The PMP certificate ensures that you know what you are doing in the 5 phases and prepares project managers to apply it in every organization and in every industry.
According to Tim Wasserman, Sandford Advanced Project Management Program Program Director, highly regulated industries “appreciate project management certification because it demonstrates the ability to follow a strictly defined process – a valuable skill in overseeing highly sensitive and regulated projects”.
While you don’t need a PMP certificate to work as a project manager, accreditation shows employers that you have the skills, knowledge and experience to run projects to a certain standard.
How to get a PMP certificate?
To become a project management professional, you must pass the PMP exam. Sounds pretty simple, right? Unfortunately, it’s not that simple – hence the raise.
According to PMI, experienced project managers who are responsible for all aspects of project management and who lead and lead cross-functional teams are eligible for PMP applications.
Applicants must have 4,500 hours or 7,500 hours of project management and leadership experience and 35 hours of project management training, depending on whether they have secondary education or a four-year degree.
Once project managers meet these qualifications, they can take the exam. The PMP exam fee is $404.00 for PMI members and $555.00 for non-members.
As explained earlier, these are not cheap or easy certificates, but when you weigh the costs against the benefits, the benefits always come first.
Is PMP worth it?
Project management is no longer seen as a simple job, but as a strategic competency that is critical to the company’s success. With the increase in enterprise managed projects, the need for competent and qualified project managers continues to grow worldwide.
With more than 790,000 project managers accredited by PMP worldwide, certification is no longer just a suggestion, it’s a must. Those who are not certified are severely disadvantaged in terms of employment opportunities, career development and wage development.
Recognized by the Project Management Institute as “the most important project manager certificate recognized in the entire industry”, the PMP certificate is the best way to stand out from the rest and to grow faster as a project manager.
PMP® Competitive Advantage
More and more people have signed up for certification courses to forge their resumes, add outstanding value and demonstrate their commitment, which in turn differentiates them from their non-certified counterparts. Having a resume with this credential is seen as a huge benefit to both applicants and recruiters.
What else can a PMP® certificate do for you? Can it guarantee operation in this highly competitive market?
5 Ways PMP® Certification Can Help You Get Great Jobs:
PMP® highlights your resume
This certification is widely recognized for the barriers one must overcome to become a certified PMP® professional. Overcoming this challenge is indicative for most employers as it will take time, effort and commitment. As a beginner in project management, certification will add tremendous value to your resume. As a veteran with proven experience, certification will take your career to the next level! In most cases, recruiters use certification to narrow their recruitment.
Kevin Archbold, a consulting manager at Key Consulting, said that many recruiters split their resumes into two piles when screening: one is a candidate with the PMP® certification seal and the other without it.
Rosemary Guzman, executive recruitment officer at Hook the Talent, told the same source that many employees prefer this certificate over a master’s degree. A master’s degree is important for other reasons, but the PMP® has strict criteria that have been endorsed and accepted by the national promoter, the Project Management Institute. The PMP® certificate offers training with extensive experience with industrial projects at a high level.
Tim Wasserman, program director of Stanford’s Advanced Project Management Program, said tightly regulated industries such as the pharmaceutical, financial services, and aerospace industries would not consider applicants without this PMP certification. Industry loves these PMP® because they demonstrate the ability to adhere to strictly defined processes and at the same time comply with regulated and sensitive projects, such as the development of new drugs for public consumption.
PMP® provides knowledge in the same world language
In addition to improving your job prospects, the PMP® training will help you gain knowledge of the global standard language for project management, which is registered with other project managers and managers. The PMP® training shows excerpts from projects that the applicant was unable to formulate beforehand. For example, the objectives of the project, the resources required, the assumptions made, the risks taken, and the constraints in which the stakeholders operate.
PMP® training provides a solid and proven framework that helps promote effective communication. Once the candidate is proven to be able to identify and resolve these issues, he or she will automatically be preferred over the employer.
Knowing the common PMP language makes it easier to communicate with customers and suppliers on an equal footing. Using a common language reduces the need for explanations and examples and makes brainstorming faster, easier, and more productive.
Request for a certified project manager
As long as there is human enterprise, project managers will continue to be in demand. A study by Enterprise Agile Coach Andrew Kallman of Simplyhired.com found that there are more jobs on the market for project managers than Agile Trainer, Agile Project Manager, CSM, PMI-ACP or CSP. The following graph shows the difference.
A survey conducted by ComputerWorld showed that 40% of IT managers have indicated that they intend to hire a project management expert.
Project management methods are constantly changing, so any company dealing with this issue needs a formal and standardized project management method. Moreover, the number of new projects will grow exponentially as new digital markets and industries emerge. For these two reasons, the need for project management professionals must remain high for a long time.
To become a PMP®, potential candidates must first become a member of the PMI (Project Management Institute), which introduces them to the world of certified project managers. There are more than 740,000 PMP® members worldwide, according to the 2016 PMI Annual Report, and that number is growing every year.
PMI holds regular meetings in most major metropolitan areas where members meet to learn more about the industry and project management networks. This meeting is also designed to help PMP® receive the valuable professional development units needed to renew their certification.
During these networking sessions, there are a variety of new member career opportunities that other PMP® professionals need. These meetings usually take time for people to present the job vacancies available in their respective organizations.
In addition to PMI meetings, there are many other resources through which PMP® can connect and interact online and offline to build community and explore potential career opportunities, as well as reflect on the latest developments in PMI project management.
A little experience means a lot
As mentioned earlier, the PMP® exam requires candidates to meet a number of requirements that are highly valued by employers. Applicants must achieve thousands of hours of high experience. An associate’s degree requires at least 60 months of work experience to qualify for the exam, while a bachelor’s degree requires nearly 36 months of work experience.
There is a strict review process to ensure that potential candidates are honest about their prospects. Now that PMP® is on your resume, potential employers know that you worked really hard to earn this certification and that you have enough work experience to prove your skills.
How do I get a PMP® certificate?
With 32 hours of instructor-led training, 29 hours of high-quality e-learning content, 83-chapter completion tests and 5 simulated exams, and 98.6% pass with a 100% money back guarantee, Vinsys offers the best courses for PMP certification to help you, train and achieve this coveted certification and give your career a big boost.
This is how you get the PMP salary you’ve always wanted
Given the constantly evolving job market, outstanding skills range and excellent reputation; A PMP® certificate can definitely make all the difference when applying for a position in the project management industry. Employers spend hours reviewing resumes to find the perfect candidate. It is important to stand out from your competitors and competitors. Also check out our project management certification at Vinsys and stand out from the crowd there.
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