The top quartile (25% greater than) was $110,000 USD.Īs one might expect, the range by experience level is quite high. The bottom quartile (75% greater than) income was $53,689 USD. The median annual salary across all countries, roles, and experience levels was $81,000 USD. Expected SalaryĪccording to the Project Management Institute’s Earning Power: Project Management Salary Survey, Ninth Edition (2015), which involved 26,000 respondents in 34 countires ( free download from the PMI), survey respondents holding a PMP certification indicated a 20% higher salary than those without certification. The yearly PMI maintenance fee is US$150/year. In general terms, you must complete a 3-4 day course yearly. The credential maintenance requirements are to obtain 60 Professional Development Units (PDU’s) over each three year period in three categories: Technical, Leadership, and Business Management. It also gives you many free resources on PMI’s website. It gives you access to a free electronic version of the PMBOK and you will receive PMI’s PMNetwork magazine in the mail. $150) therefore it is a good idea to get a PMI membership first (the membership comes free in the first year). There are also many “boot camps” which offer on site training and claim to give you the knowledge to write the exam after several days to one week of intensive training.īecoming a PMI member saves you more money on the exam fee than the membership costs ($129 vs. dollars for an online course to several thousand for training at a university or college. This does not include the formal education component (35 hours prior to writing the exam) which can run from a few hundred U.S. CostĪs of May 2018, the cost is US$555 (€465) to write the exam. The PMBOK does an excellent job of defining the “science” but reading it cover to cover will not give you a good idea of how to perform important project management functions, which you will need to know for the exam. Project management is an art as well as a science, and the science must be grasped first to allow the art form to flourish. It is highly analytical and generalizes the “art” of project management into analytical structures. Do not expect a straight forward, methodical guide to project management. It is not a chronological, step by step knowledge base upon which the exam questions are based, although it does include most of it.Īnd secondly, its writing style is not an easy read. Firstly, it is not considered by the PMI to be the official exam syllabus. However, it is not fair to say that the PMBOK is the only source you need for the exam. It is available at any bookstore or Amazon. The Project Management Institute publishes the official textbook and knowledge source for the exam, The Project Management Body of Knowledge (PMBOK). If you don’t have this much time per week, count on longer. If you diligently study the PMBOK guide, read 1-2 other project management books, and take an online course you should be looking at around 2-3 months in your spare time (say, 20 hours per week). Alternatively, if you hold a 4-year degree (in anything), from an american university or the global equivalent the requirement goes down to 36 months (three years) and 4,500 hours. Prior to taking the exam to become certified, you must have 60 months (five years) of project management experience during which at least 7,500 hours were spent leading or directing project(s). This formal education can be obtained from a PMI Registered Education Provider (REP) or from a non-approved vendor if you supply a course overview. You also need to obtain 35 hours of formal project management education prior to making the application and taking the exam. high school diploma or global equivalent. To get PMP certified, you need to have a U.S. The following overview outlines the most important information: The PMI issues a PMP Handbook which lists all the details. Issued by the Project Management Institute (PMI) based in the United States, it gives you the initials “PMP” after your name. Project Management Professional (PMP) certification is the largest and most well known project management designation with 650,000 people certified worldwide.
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