Why should I get a PMP?
There are many reasons to earn the Project Management Professional (PMP) designation. One is its global appeal. The number of PMP holders has now reached 1 million, across more than 200 countries, according to the issuing organization, the U.S.-based Project Management Institute (PMI). By comparison, a similar designation issued by the International Project Management Association (IPMA), headquartered in the Netherlands, has a fraction of the holders, and represents far fewer countries (approximately 70).
Many consider the PMP to be the de facto world-standard in project management. Supporting its strong multinational use is the availability of the PMP examination in many languages. Whereas the IPMA examination is currently available in English, German, and Polish, PMI offers the PMP examination in 14 languages including Chinese. Earning a PMP means recognition as a Project Management Professional no matter where your next project takes you.
Another reason to earn the PMP, and much more importantly, is the credibility it confers on its holders. Few efforts bestow standing like earning a professional credential. Whether in information technology, software programming, or another discipline, credentials symbolize knowledge, skills, abilities, and even work ethic.
Not all credentials are equal, however. The credibility of a given designation stems from the standing of the organization behind it and the rigor of the requirements to obtain it. As a leading practitioner, academic, and research organization, PMI is not only the largest dedicated project management organization, the standards it has set for obtaining its credential are among the most stringent. PMI has considerable standing among professional organizations as does its PMP credential. As a direct result, PMP holders enjoy the trust and confidence of their peers and clients.
While recognition and credibility are two important reasons the PMP is worth earning, there is another reason that is frequently talked about: increased earnings potential. So, "how much does a project manager with a PMP make?"
Project managers with or without PMI's credential can earn attractive salaries. Those with a PMP distinction can earn even more. Those with the credential made 23% more than their non-credentialed counterparts, according to a 2019 survey conducted by PMI. For example, the average salary of project managers without PMI's credential earned approximately $100,000.00 per year as compared to the median U.S. household income of $56,516.00 per year. However, with a PMP, project manager salaries increase significantly, with an average salary in the U.S. of $123,314. Holding the PMP pays off financially for those that have earned it!
Three good reasons to earn the PMP designation: Global acceptance, professional credibility, and the opportunity to earn high salaries. Like most professional credentials, the PMP represents an investment that pays strong dividends to those that earn it.