Why get the PMP Certification?

Many project managers have been doing their work for many years, some with and some without official training. In either instance, students quickly realize that there are qualifications accessible to them that would be advantageous to obtain through peers, superiors, or word-of-mouth. The Project Management Professional (PMP) certification is the most prominent among them. It was developed by the Project Management Institute (PMI), a nonprofit company whose mission is to promote the project management industry. They promote networking, offer standards, and organize monthly chapter meetings all across the world to that goal.A Guide to the Project Management Body of Knowledge (PMBOK® Guide) is the major reference work for the standard. SPOTO Guide "provides guidelines for managing individual projects and defines project management related concepts".

1. Although the PMP test predates the PMBOK® Guide and was primarily based on an earlier Special Report, it has been used as the foundation for the PMP exam ever since it was first published in 1996. The PMP certification, according to PMI, "demonstrates to employers, clients, and colleagues that a project manager possesses project management knowledge, experience, and skills to bring projects to successful completion".

2. Therefore, why pursue PMP certification? There are various motivating factors:

• Managerial preference
• Higher pay;
•  required or advantageous in job listings;
• pleasure both personally and professionall

Let's examine each of these individually. The PMP certification has over 600,000 holders, making it one of the most valuable and sought-after credentials in the world (January 2014 Statistic 3. You must level the playing field if you have to compete for a job with even a small portion of that number. Who do you think the hiring manager will choose between Candidate A with 10 years of experience and Candidate B with 10 years of experience and certification? Whom would you pick? Because the PMP certification at the very least demonstrates a level of dedication to the field and, in the words of PMI, "provides and promotes a common vocabulary".

4. This is essential for businesses that handle numerous mission-critical projects with project managers who must coordinate global communications.

The second justification for becoming certified is the simple fact that it will raise your earnings over time. Proof? Project managers are frequently surveyed about their salaries across the globe by PMI. The most recent one, conducted in 2013, polled more than 36,000 project managers across 33 nations. Many other types of information are broken down, including the number of years spent managing projects, the industry, the department, etc. But let's look at what most interests us here: what having a PMP certification does.

5. The median annual pay in the US for people without PMP certification is $91,500. The average annual compensation for those who do is $110,000. Therefore, obtaining certification alone results in a pay boost of about 20%. The story goes on to explain that remuneration increases with the duration of the accreditation. A careful examination of the report reveals that PMP certificate holders make more than those who don't, even though annualized earnings around the world aren't necessarily comparable to those in the United States. In any case, there is a significant wage incentive. (It's not a terrible idea to consider earning a degree in project management from a university. However, the median US income for that is only $107,250, which is still below the salary of a PMP certificate holder.

The third reason is that most project manager positions either "require" or "strongly prefer" applicants who have a PMP certification, according to a brief search through a job board like Dice. This prerequisite could be specified by the hiring manager or by HR. or either. Is it important? Market sentiment is clear. The abovementioned certification will, however, at the very least, secure you a job interview and may even transfer your application from the "do not consider" pile to the "consider" pile. Speaking of Dice, its most recent survey6 ranked the PMP certification first. Job postings needing it increased from 1,028 to 1,500 during the six months under study, or by roughly 50%.

Consider that obtaining the PMP certification will enable you to join the ranks of your colleagues and add a distinguished distinction to your name as one more non-job- or money-related motivation to get certified. Thousands of our students have passed the exam and joined the PMP community, and they can speak to the satisfaction they felt in doing so. The verdict is in: doors are opened by the Project Management Professional® qualification. So why are you still waiting? start moving in the direction of a better career!