![]() *We respect your privacy and we will not send any spam emails. You can find out your own Personal PMP ROI by downloading our calculator. You are potentially losing a lot of money by delaying your PMP certification. We would suggest that you should not think too much about the investment cost and start your PMP preparation immediately. Depending on the country of your residence, you can recoup your investment of in a matter of 2-3 months. Table 3 CountryĪfter looking at ROI, it is apparent that the salary benefits outweigh the cost of doing PMP. The calculation is done by assuming that you will invest about $1000 to attain the PMP credential. The following table provides potential ROI for the countries mentioned in Table 2. Step 3: Calculate the ROI by dividing potential increase in earning (step 2) by your investment (step 1). Step 2: Refer to the section PMP salary and determine how much PMP certified project managers earn over non-PMP professionals in your country. Step 1: Refer to the section on PMP Cost and determine how much you will spend to attain PMP credential. You can calculate the ROI by following the steps mentioned below. Note: Depending on your sector, geography, role and many other things your current salary might be more or less than the mean salary written in the table above. Now, let’s take a look at cost and salary together. You would have noticed that across countries PMPs earn substantially higher than the non-PMPs. The salary of a PMP holder is generally much more than the salary of a non-PMP certified professional. However, there is a stark similarity across countries. ![]() ![]() The salary of a project managers varies from country to country. PMI salary survey suggests that project managers with PMP credentials garner higher median salaries than the non-credentialed professionals – 16% higher on average. potential gains that can be accrued from investing the money. Let’s look at the other part of equation i.e. However, it is only first part of the equation. Overall, the cost of doing PMP certification could range between $810-$1150. Total fees with PMI membership cost & with membership is approx. Out of these, the three major components are enumerated in the table below. The article lists and explains seven different cost components. Refer to my other article on the cost of PMP certification. Note: If you do not have requisite project management experience then you can opt for CAPM certification (Certified Associate in Project Management). To answer this, let us look at the investment cost and salary benefit to analyze the value of PMP. Now, you might ask if PMP exam is worth the trouble, effort, and money. Depending on your project management training choice, you can end up spending close to $3000 to attain the PMI certification. Lastly, it is a very costly proposition.PMP exam preparation requires extensive study. ![]()
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