Thursday, October 26, 2006

Higher Pay For PMP Certified PM's

PMP Exam Certification continues to have positive effects on compensation. To jump-start your career in project management, the Project Management Institute offers professional certification in project management. Their certification is the profession's most recognized and respected. Many corporations are now starting to require the PMP certification for employment or advancement as a PM. The most successful, upper-level PMs will also have formal business training, usually in the form of an MBA. It is important that PMs also have some financial background or knowledge so that they are able to understand and plan for project budgeting.

Check Out this Salary Report


Here is a Practical Salary Survey Results currently being administered by PMI:

Created on Monday, February 21, 2005
Survey ends on Sunday, May 20, 2007

PMI is asking it's memebers: What is your base salary? So far 573 People have voted. You already know what your making today, so see for yourself what the average salary for a PMP is and estimate the salary increase value for obtaining the PMP Certification. I'm willing to bet it's somewhere around 10 - 15 %. Let me know if I'm right or wrong by leaving comments on this blog entry.

$25,000 - $35,000 (42 votes) 7%
$35,001 - $45,000 (18 votes) 3%
$45,001 - $65,000 (76 votes) 13%
$65,001 - $80,000 (125 votes) 22%
$80,001 - $90,000 (103 votes) 18%
$90,001 - $100,000 (73 votes) 13%
$100,001 - $120,000 (80 votes) 14%
$120,001 - $150,000 (56 votes) 10%

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