PMPs Make More Pay

Posted on May 17, 2010 by

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The Project Management Institute has made available its PMI® Project Management Salary Survey Sixth Edition. One may purchase the survey results at www.pmi.org/Resources/Pages/Project-Management-Salary-Survey.aspx for $150 for non-members of PMI. PMI’s publication, PMI Today, provides an overview of the survey results. It includes the statement that “in Saudi Arabia, United Arab Emirates, New Zealand, France, Australia, and the United States, salaries are at least US$10,000 greater for PMP credential holders than noncredential holders” (pages 8-9, April 2010). This is good news for PMPs in these countries and motivation for others to earn their PMP. One should keep in mind that earning a credential does not automatically mean that one will receive a $10,000 raise. There are additional differences in project managers who obtain their PMP and those who do not which may partly explain the differences in salary. On average, those who obtain certifications may place more emphasis on career development. Also, they may be more likely to belong to organizations that value training and have the financial resources to support people in earning a PMP. Regardless of the various differences, these latest survey results suggest that it is indeed to a project manager’s benefit to have their PMP.