You’re probably thinking to yourself – more than 20% – and calculating what a 20% increase would mean in your situation. Both with a rate much higher than the 20% increase PMI suggests the PMP certification is worth on average. Since passing the exam back in November 2017, I’ve worked as a contractor and an employee. This included exams costs, tools, and resources I used (click here to see which tools I used, and my thoughts on each of them). I spent about, $1,800 dollars to take the exam. Recommended reading: Are Project Management Certifications Worth Your Time & Money? ROI for PMP Certification Which brings us to the value of the PMP and its return on investment (ROI). So why do people even bother taking the time for this expensive and difficult exam in the first place?Īside from the reasons I came across interviewing a few dozen project managers as I noted above, there seemed to be an overall consensus that most of the professionals saw that those benefits were realized in a relatively shorter period of time in comparison to transitional degrees and other certifications out in the market. In my time as a PM, I have worked with and for certified project management professionals who could not manage a project to earn for a living. Nor does having a certification mean you’ll magically become a good project manager. You do not need a certification to be a good project manager. Truth be told, I wholeheartedly agree with the latter. After all, it’s only passing this one test. Others thought obtaining a certification didn’t make a person a true PM. There were a number of users sharing their success stories on how they moved up in their career to senior level project managers and even directors. I came across a popular discussion as to whether you can be successful as a project manager without the PMP certification, and most answered, “yes.” The other day I was surfing Reddit, reading through the news about PMP. Well, that and the fact that I love project management! Is the PMP certification worth it? Find more flexible and versatile roles that would allow travelingĪnd I admit, my reason to take the exam was similar.They all had very similar hopes and goals such as: As it turns out, they all were willing to sacrifice their time and money to take the exam. So, I engaged with those who were already certified and those aspiring PMPs on Reddit and asked them myself. Is a better salary the only motivating force leading professionals to sit for the exam? I wanted to know. Why do professionals get PMI’s certification? In fact, according to various sources, the initial pass rate is somewhere around 50-60%. For those who look into the exam and its requirements, many find that the preparation and the exam itself are no easy feat. According to PMI, those credential holders earn on average 20% more than their counterparts.Īs we’ll explore later, a higher salary is one of the top reasons business professionals chose to sit for the exam. Experienced project managers can apply for this credential and be well on their way to increase their earnings. PMP certification is a globally recognized gold standard offered by the Project Management Institute (PMI). Does it mean that all of them are good project managers and is the exam worth a try? I tried to figure it out. Almost a million of certified professionals. It may come as a surprise, but there are 876,500 total PMP credential holders. If you’re a project manager, chances are you’ve heard about the Project Management Professional (PMP) certification.
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