December 12, 2017

Financial benefits of PMP Certification Salary

The Project Management Professional (PMP) Certification is a certificate that the Project Management Institute (PMI) issues.  This is a professional credential that is well-recognized by project managers and management teams worldwide.  It indicates how well educated they are in project management and the skill level that they have achieved.  Although it is widely used in the IT (Information Technology) field, it has also been in place for architects, designers, and engineers for many years.

The following is a breakdown of PMP Certification salary expectations based on the 2010 salary data published by PayScale and the four criteria of company size, industry, years of experience, and the national average:

Company Size

Companies with one to nine employees had an annual earnings average of $73,000 while companies having between 10 and 49 employees earned $81,000 per year.  PMP’s of larger firms (minimum 1,000 employees) could expect annual earnings of $95,000.  PMP’s of much larger Corporations such as AT&T (over 300,000 employees) earned an average of $98,500.  Surprisingly, the highest average PMP salary of $101,335 was found with companies having between 20,000 and 49,999 employees.

Industry

The PMP Certification salary oftentimes depends on the particular industry that he or she works in.  For instance, SimplyHired.com published the following salary statistics for the industries listed here:

  • Engineering Project Manager – $93,000
  • Executive Project Manager – $232,000 (top end of the pay scale)
  • Public sector Project Manager – $74,000 (low end of the pay scale)
  • Software Project Manager – $80,000 to $120,000

As you can clearly see, the PMP Certification salary range is quite broad and the type of industry can make a huge difference as to your level of earnings.

Years of Experience

Another key determinant is the years of experience that an individual has.  For instance, a newly certified PMP that is a recent graduate of a 4-year college or university can expect to earn $51,000 per year on average when first starting out.  Here is additional statistics regarding PMP Certification salary expectations based on years of experience:

  • 1 to 4 years – $66,000
  • 5 to 9 years – $81,000
  • 10 to 19 years – $99,000

Additional statistics show that the national average earnings of $88,000 per year is achieved between 9 and 19 years, while certified PMP’s typically hit six figures between 15 and 20 years of experience ($111,000).

National Average

As was mentioned in the immediately preceding section, the national average of the PMP Certification salary is $88,000.  The average PMP salary offer found in most nationwide job postings (according to Indeed.com) is 19% higher than average that has been posted for all nationwide employment opportunities.

This particular salary applies to average mid-career individuals who have between 10 and 15 years career field experience.  Indeed.com went on to say that the national average of a PMP Certification salary peaked in September, 2010 and has steadily declined to the current average of $88,000 listed above.  Regardless your salary expectations are going to be considerably higher with a PMP Certification, no matter what industry you are employed in.

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