Many project managers want to know if they are eligible for certification. How much does it cost to become certified? Let us now look at the numbers and statistics to understand where certification in PMP might lead you to.
- A PMP-experienced project manager makes 20% more than a noncertified manager.
- Only 58% of people understand the importance and value of project management. This gives you a lot of potentials to improve your project management skills.
- PMI’s 2018 survey revealed that 68% of respondents employed contract or outsourced project management in 2018. This represents more than two-thirds of all organizations. Organizations are actively looking for qualified project managers to join them.
PMI says that any experienced project manager “responsible for all aspects of project delivery, leading, and directing cross-functional teams” is a good candidate for the PMP certification.
PMP Jobs with the Highest Salaries
These five jobs are among the highest-paying in the industry with at most 100 respondents to PMI’s salary survey.
They are listed in ascending order according to the PMI survey.
1. Engineer Project Management Professional
Engineering PMs work alongside engineers. They work with clients to make sure that the product they have in mind is perfect. A successful project involves directing the product’s development and completion within a set time frame and budget.
Engineer project managers enjoy the satisfaction of seeing real, tangible, and practical results at the completion of their projects. An engineering PM must have knowledge about the product they manage, so it might be helpful to have some experience.
2. Aerospace Project Management Professional
Aerospace PMs are engineers and designers who work together to deliver new aircraft on time and within budget. The main focus is on quality control and risk management. Supervision of projects that result in new aircraft or other aerospace systems is essential for success.
Aerospace project managers have many benefits. They can work with advanced technology and planes. There are many moving parts in aerospace projects, so there is a high chance of something going wrong.
3. Professional In Pharmaceutical Project Management
Globally, the pharmaceutical industry is expected to reach $1.1 trillion in sales by 2022. It is not surprising that pharmacist project managers are among the highest-paid PMPs.
The pharmacist PMs work closely alongside researchers, doctors, engineers, and other professionals to ensure that research and development projects are completed on time and within budget. Projects that have been successful include the supervision of the testing and development of new medicines for diseases and other health problems.
A great career option is to be a project manager for pharmaceutical companies. It is possible to save lives, find a cure, and improve the lives of millions. Pharmaceutical PMPs need to have either a pharmacy degree or high-level healthcare experience in order to be eligible for top-tier salaries. To ensure safety and quality standards, pharmaceutical research can take time.
4. Project Management Consultant
A project management consultant is not the same as an experienced consultant in project administration. The first is a project manager for a consulting company, while the second is a consultant in project management. The most important is the first.
The most versatile person in project management is a consultant project manager. A consultant PM may work with sales managers once a month and environmental engineers the next. Each industry has its own goals for a consultant project manager. A consulting project manager’s goal is to share industry knowledge and expertise with clients in order to help them succeed in their projects.
A consultant project manager is a rewarding job for someone who enjoys variety. They will have to wear everything from a construction helmet to a computer technician’s…computer hat. This unpredictability can be a problem for someone who likes a structured environment.
5. Resources Project Management Professional
The average U.S. resource management professional salary has increased by more than $5,000 annually since 2018, allowing this job to rise from No. 2. The resources industry employs project managers who work in areas like petroleum, mining, or agriculture that extract or cultivate natural resources.
Resource PMs work closely alongside farmers, miners, oil companies, and other stakeholders to increase the extraction and growth of natural resources. They help reduce waste and improve communication. The success of a project is about managing the acquisition of natural resources to ensure efficient delivery to end-users.
As a resource manager, you have many opportunities to travel and be outside, as well as make a positive impact. Due to the unique nature of each resource, a background in engineering might be required for any field such as mining, drilling, farming, or fishing.
Five Ways the PMP Certification Can Help You Find An Amazing Job
- PMP Makes Your Resume Stand Out
It is widely recognized that the certification has many obstacles to overcome in order to become a PMP. Most employers find it telling that you have to overcome these obstacles. It takes effort, time, and dedication. A certification in Project Management will make your resume stand out as a great asset. Certification will make your career more successful if you are a veteran with a track record. Most recruiters use certification to reduce their candidate pool.
Interview with a software advisor Kevin Archbold from Key Consulting, a consulting manager, stated that, while applicants are being filtered out, many recruiters tend not to separate resumes into two piles. One pile contains candidates with the PMP certification training stamp and one without.
Rosemary Guzman is an Executive Recruiter for Hook the Talent. She told the same source that many recruiters prefer this certification to a master’s. While a master’s degree is essential for many reasons, a PMP which shows that a rigorous set of criteria has been met and approved by Project Management Institute, a national authority in project management, is more valuable. The PMP a credential that offers extensive and high-level exposure to projects in the industry is available.
Tim Wasserman, Program Director of Stanford’s Advanced Project Management Program says that highly regulated industries like aerospace, pharmaceuticals, and financial services do not accept candidates without the PMP. These industries value the PMP which demonstrates the ability to follow strict processes and oversee sensitive and regulated projects such as creating a new drug that is available for public consumption.
- PMP Imparts Knowledge Of A Common Global Language
You can improve your job prospects by learning PMP. This training will help you become proficient in Project Management, the international standard language that is used to communicate with executives and other Project Managers. The PMP training shows segments of a project that candidates may not have been able to articulate before. The project goals, the resources required, assumptions made, risks are taken, constraints, and the risk are some examples of the segments that PMP training covers. Stakeholders operate under.
PMP is a time-tested, solid framework for effective communication, is provided by PMP. Employers will be more likely to hire candidates who have demonstrated the ability to solve these problems.
It is easier to communicate with vendors and clients using the same PMP language. The common language reduces the need to explain and give examples and makes brainstorming sessions faster, easier, and more productive.
- There Is A Demand For Certified Project Managers
Project Managers will continue to be in high demand as long as there is a human enterprise. Andrew Kallman, Enterprise Agile Coach, found that Project Managers are in greater demand than Agile Coaches and Agile Project Managers. Below is the graph that shows this difference.
A survey found that 40% of IT executives intend to hire Project Management professionals.
Project management is constantly evolving. Therefore, any company that addresses these issues must use standard and formal project management methods. As new digital markets emerge and new industries develop, so will the number of projects. These two factors will ensure that the demand for Project Management professionals is high for a very long time.
- Networking Opportunities
A potential candidate must first be a PMP before they can become a PMP. Member of the PMI (Project Management Institute), which introduces them to the world of certified project managers. According to the 2016 Annual Report of PMI, there were more than 740,000 PMP and this number keeps growing every year.
PMI holds meetings in major cities where members gather to share information and build relationships. These meetings are also designed to help PMP s obtain the valuable Professional Development Units required to renew their certification.
These networking sessions offer a variety of career opportunities for members who are looking for fellow PMP. The meetings often allow members to present the job opportunities at their organizations.
There are many resources that PMP aside from PMI meetings. These resources allow PMP is to connect online and offline and share their thoughts on current developments in Project Management.
- Experience Can Make A Big Difference
As mentioned, the PMP exam requires that aspirants meet a number of requirements that employers value highly. Candidates must have accumulated thousands of hours and have a high level of experience. For an associate’s degree, you need at least 60 months of experience to be eligible to take the exam. A bachelor’s degree requires close to 36 months of experience.
To ensure honesty about potential candidates, there is a strict audit process. Employers will see that the PMP which you have on your resume, is proof of your hard work and that you have plenty of relevant work experience to back up your abilities.