PMP certification not just adds value on your Resume but also adds numbers to your Salary Slips!
PMP as mentioned many times in this blog is the most demanded project management credential offered by the reputed PMI Institute to professionals who qualify in the PMI PMP exam. PMP certification avails you host of benefits such as enhancing project management experience, increasing market visibility, earning challenging projects, experiencing dramatic increase in salary and more. This reflects the idea that PMP certification not just adds value on your resume but also to your salary slips. This is also a major reason behind the growing popularity of the certification. Let’s have a look at various PMP salary surveys and evaluate an estimation of PMP salary in India.
PMP Salary Surveys
New research from the Project Management Institute reports that 71% of project managers saw an increase in compensation over the last 12 months. According to the PMI Project Management Salary Survey, Seventh Edition, the salaries of project managers around the world continue to climb, indicating not only that project management professionals are in strong demand, but also that organizations are increasingly recognizing the value of trained project managers to their overall business goals. Further, the survey states: Nearly 33% reported increases of at least 5% of total compensation in the last year and countries including the United States, Germany and Australia posted average salaries well above the median, each exceeding US$100,000. Also that, Project Management Professional (PMP) credential holders in the U.S. earned an average of 16% more (approximately US$14,500) than their non-credentialed peers. (Source)
The above was data based on PMP Salary in the USA. Let’s evaluate its relevancy in Indian corporate world. PMP certified professionals in India like other countries get higher income than others. The credential not just offers greater career prospects but also provide better monthly income. Based on popular job search engine payscale.com, the data related to PMP salary in India is provided here. Salary for a professional is decided based on various factors – educational qualification, experience and nature of company and location being some of the major ones. According to recent statistics provided by payscale.com, here’s a glance of PMP Salary in India.
A project manager in IT field earns and annual average salary of Rs. 5 to 18 lakhs. In the field of software development, a project manager has the scope of earning up to Rs. 19 lakhs. Being a senior project manager, you can earn an average annual income of Rs. 10 to 22 lakhs. A program manager in the IT field can earn an average salary of Rs. 9 to Rs. 23 lakhs annually. In construction, a project manager has the scope of earning up to Rs. 24 lakhs. Thus, a project manager in India has great scope to earn across industries, construction being the highest paying sector.
PMP Salaries across Indian Cities
PMP is a globally recognized credential and is hugely popular across all major cities in India. Along with better visibility, PMP project managers also earn better income in these cities as compared to the non-credential peers. In the Silicon Valley of India, Bangalore, the average annual salary range of PMP certified professional is Rs. 6 lakhs to Rs. 25 lakhs. From startups to MNCs, PMP professionals can explore their ways in a wider space. In Pune, PMP professionals can earn from Rs.7 lakhs to Rs. 22 lakhs annually. While the average annual salary range in Chennai is from Rs. 5 lakhs to 22 lakhs, it is the maximum in Mumbai and Hyderabad. These two cities offer an average annual salary from Rs.5 to 6 lakhs up to Rs. 29 lakhs. Thus, PMP certification pays back handsomely to professionals in India across all major cities.
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