As an aspiring Project Manager, you might wonder if the PMP certification is worth it and how a PMP could benefit you. For starters, the PMP (Project Management Professional) is considered the most important industry-recognized certification for project managers. This would be because companies across the globe would trust the PMP certification. Perhaps you are happy with your current career and would be considering moving up the career ladder.
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What exactly is the PMP?
The PMI (Project Management Institute), the governing body behind the PMP certification, encourages all qualified candidates to apply for a Project Management Professional (PMP) certification. The PMP would be consistently the highest paid IT certification, and salaries are only predicted to increase with time. It would have financial benefits, but the PMP certification would be improving your job security.
Below mentioned points would be able to let you know the worth of the PMP Certification:
1. Networking opportunities
With over 2.9 million PMI members worldwide, the PMP would be your gateway for a reliable, professional global community. This global community would be having about 774,000 active PMP certification holders across the globe. When joining the PMI and becoming a member, you would be becoming part of an elite group of highly-qualified professionals. The PMI frequently would be hosting networking opportunities for members in major cities annually.
2. Improved Reputation
As per the survey, PMP certified managers would be leading and directing 80% of high-performing projects. A PMP certification would also be affecting project performance, with over 35% PMP certified project managers, which would be demonstrating high-value project performance. If you would still be wondering is the PMP worth it, consider that the PMP would be recognized across multiple industries and geographies, which eventually reflects its worth.
3. You Might have already met the qualification criteria
To qualify for the PMP exam, you must have attained a certain amount of experience directing and leading projects. Most likely, you probably might already have all or nearly all the criteria required. The PMI would request that candidates either have about 60 months, which is 7500 hours of experience with an associate’s degree, OR 36 months, which would be 4,500 hours of experience and a bachelor’s degree. If you would be leading and directing projects, you likely have much of the required hours of experience already attained.
4. Increased remuneration
Countless studies would be showing that a PMP certification could increase your earning potential. Besides, PMP certification holders would be earning between 20 to 25% more than their non-certified peers. A certified PMP manager would be making $16,000 above their non-certified peers, with a median salary of about $108,000. There is more financial payoff from having the PMP certification, but PMPs would more likely to weather an economic depression. This would be because certified PMP’s bring valuable core competencies that would help the firms even during a recession.
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5. The time you put in paying off in the long-run
Several firms wouldn’t even consider your application unless you would have the PMP certification. To them, the PMP is considered to be mandatory. Well, the most cited reason why candidates would be avoiding getting their PMP is a professed lack of time. Although the preparation for PMP certification could be taking a considerable amount of time, it would be paying off in the long run.
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