I believe PMI’s data is the only scientific statistical data out there. [pullquote align=”normal”]You need about 2 months of increased salary to recover your investment in the PMP certification.[/pullquote]. It will help not only me but also other readers of the blog. Your email address will not be published. Here is what you should do: This way you can do your own analysis to determine if PMP is worth for you or not. So, let me show you some quotes from other independent sources to help you in expediting your decision. I have nowhere suggested that this article is for comparing certification. The article is more a marketing material than an actual cost benefit analysis. A Project manager will have to demonstrate amazing capabilities to set the project on a smooth sail. More the projects, higher the compensation. Read extensively on project management and gain a PMP credential. Your success will taste the sweetest). Save my name, email, and website in this browser for the next time I comment. Never mind. By using the data from the above two statements, we can calculate the potential salary benefit. Plus, it is good academic investment or knowledge to know more about the Program Management. Meeting goals on time directly converts to more revenue and excellent company growth. How? If you decide to pursue an online course instead of a classroom course, then your total cost can drastically reduce to USD 1200. A PMP certification can incredibly increase your earning potential. You should work on your PMP math. But cost is only one side of the equation. However, if you plan on a long-term career as a project manager, then PMP is your one-way ticket to success. Further, a new research from the Project Management Institute, suggests that 71% of project managers saw an increase in compensation over the last 12 months. Thank you for your comment. why all the hype around it? Have my PMP and it’s more recognized globally, which is ironic because PgMP is the superior certification. and is PMP certification worth all the hassle in 2017? Is this right for me? So what is PMP? You should attend a good classroom training course or enroll in the best online training or best instructor led training. Note: This post just talks about the potential monetary benefits of getting the PMP certification. This translates into an extra income of USD 18400 per year or about USD 1500 per month. Yes, it is always worth to be PgMP certified. PMP Project Management Professional-723,067. There are currently 724,773 active PMP certified individuals and 285 chartered chapters across 207 countries and territories worldwide. PMPs typically earn $10,000 more a year than their non-PMP counterparts. 3. Its only purpose is, “is PMP worth the expenditure”. PMP certification requires years of planning and effort. Learn how your comment data is processed. Having the credential will certainly make it easier to find a job as a project manager. Salary ranges represent a 20-22 percent increase over non-PMP project manager salaries. It should be measured by its potential benefits – specifically, the monetary benefits. Knowledge or fast learning of software tools of choice and so on. Frankly speaking, the value of PMP should not be measured by its cost. Is PMP certification worth it? What are the requirements to be qualified for the PgMP® exam? This globally admitted certification provided by the Project Management Institute (PMI) covers all the fundamental knowledge, processes, terminology associated with effective project management. As an example, one of the tenets covered in the examination is the idea that the project manager must be “large and in charge”. MVA offers Program Management Professional (PgMP) Training, PgMP Certification Training, PgMP Online Course, PgMP Course and PgMP Online Training. 2. They are the Hard and Soft skills. If you need to stand out, you will need something attractive in your resume. I don’t know how true is PMI statement. those with a PMP certification garner a higher salary (23% higher on average) than those without a PMP certification. Build team morale. Please share why you think PMI’s statement is not true or if you think that they have published promo material. 1. I would love to hear more from you. This practice test involves 170 multiple choice questions and helps you differentiate your stronger areas of program management with the weaker ones. Our experts to believe that PgMP® holders will have more practical applications in the future and will be in demand. A PMP credential for garnish. The total cost comes out to be USD 2900 as per Scenario I. USD 2900 is the higher end of the spectrum. 1. According to PMI Credential Holders World Wide. Let us compare the cost of USD 2900 against the potential benefit of USD 1500 per month. On the way to become a … But, you know that the cost of doing PMP is extremely high. In any case, I think the reason why PgMP certifications are not that worthy when it comes to salary increases is because once a person is a program manager, he is believed to be really worth his salt whether he has a certification or not. ... Is having a PgMP® certification after years of PMP® worth it? Choose Your Course (required) Project Management Professional (PMP) is an internationally recognized professional designation offered by the Project Management Institute (PMI). How true is the PMI statement around the higher salary? If you are still a little intimidated by the notion of the PgMP® certification, keep in … There are only a few hundred PgMP certified Program Managers, which says something about the exclusivity of this certification. In order for this to be an actual article, the following information should have been assessed in it: As a PMP, you can work in virtually any industry, with any methodology, and in any location. Open the PMI salary survey to find out your (for your country, role, industry, and experience) earning power – how much you can potentially earn by doing PMP. Program Management Professional (PgMP) - Salary - Get a free salary comparison based on job title, skills, experience and education. The program manager has overview of the purpose and status of the projects in a program and can use this information to support project-level activity, to ensuring the program goals are met through proper … don’t fret if your personality type doesn’t really lend itself to strong leadership. So, let us do a cost-benefit analysis considering USD 2900 as the total cost of doing PMP. PMP signifies that you speak and understand the global language of project management. Similarly, it has been found that organizations with more than 35% PMP certified project managers demonstrated much better project performance. If someone is drawing a salary of USD 80000 per year, then she/he can potentially earn USD 98400 after doing PMP. So yes! You need to have experience in both project and program management, as well as a high school diploma or a bachelor’s degree or equivalent with project management of 4 years and 7 years of experience in program management. Let’s see how the potential salary benefit outweigh the cost involved. It can be easily deduced that you can recover your expenses investment in less than 2 months. The PgMP is, in my opinion, one of the hardest certifications in any domain. Everyone knows that it's very hard to become a PgMP, and that the eligibility requirements are quite steep. It has been observed that PMP certification holders earn 25% more than their non-certified peers. 2020 PMI PgMP –Professional New Test Forum, Before you buy our product, you can download and try out it freely so you can have a good understanding of our PgMP quiz prep, The valid PgMP exam practice torrent are edited and verified by our professional experts who have rich hands-on experience in this industry, Knowledge of the PgMP study materials contains is very comprehensive, not only have the … Your email address will not be published. The fees for the PgMP certificate are (on average) 4 times more than those of the PMP credential. Contributes to higher income. PgMP®’s requirements are more inclined to PMP®. That means knowing the majority of PgMP content is required because they test randomly on the many subjects available. You state: PMP certification holders earn 25% more than their non-certified peers. Does the Program Management Professional Credential really worth it? Helps to distinguish you from other project management professionals in this tough job market. ... MVA’s CBAP online training is worth joining because of the abrupt support provided by the trainers. Is PMP certification valuable enough to give a good salary? Maybe you know a little more. Mastering Big Data Hadoop With Real World Projects, Premium Insurance Policyholders using Linear Regression with R, Software Engineer to UX Designer – Switch Job from Software Engineering to UX Design, How to Access Hive Tables using Spark SQL, A formalized display of your professional ability, If working for a consulting firm, your PMP credential may help your company win business, making you more valuable to your firm, Provide networking opportunities with other PMPs, Will provide potential teaching opportunities by teaching PMP classes to future PMP candidates, Illustrates personal drive to further your credentials, knowledge, and professional abilities. Is PMP Certification Worth all the Hassle – 2017? Moreover, PMI stages frequent PMI meetings. Or, do you think there are better ways to get a salary boost? Earning College Credit. The PMI PgMP exam VCE pack contains all the product formats which help the candidate to prepare comfortably and pass the actual PMI PgMP exam easily. Furthermore, if someone starts thinking about taxes, she/he will never strive for an increase in salary. Unlike other certifications that focus on a particular geography or domain, PMP is truly global. Just make sure that the term ‘PMP’ is placed next to your name at the very top. • But it is not worth it for people who have no real experience in these areas. Because it is clear that certified professionals often have more business opportunities than their noncertified counterparts. Yet projects are being managed and completed today without certification. You should ask yourself – Can I recover my investment after becoming PMP certified? Using ExamTopics. PMP Certification holders demonstrate core competencies that makes them valuable even during a recession. PMP® certification is four times less costly compared to PgMP®—due to the process, random audits, and maintenance, the latter requires more than just an exam fee. Let me share my take on your 3 points. The biggest draw of PMP certification is the higher salary it can bring … Another PMI survey states that even the middle eastern countries like the United Arab Emirates and Saud Arabia showed salaries greater for PMP holders. . It makes the hiring managers work a lot easier! [pullquote align=”normal”]Don’t lose sleep over the cost of PMP certification. 2. On the other hand, PMP® is all about fulfilling the requirements for legibility. PgMP can shine as a rare jewel in your resume . The PMI PgMP practice test is a time-bound, online mock exam that prepares you for the PgMP Certification exam conducted by PMI.org. Hard Skills refers to knowledge of processes (corporate and PMBOK®), work breakdown structures, budgeting and software tools (scheduling software, etc.). PMI's Program Management Professional(PgMP) certification which helps to prepare you to take up bigger roles in an organization. As a project manager, you should weigh the cost against the potential benefit. 60 months (7,500 hours) of experience if you have an associate’s degree, and 36 months (4,500 hours) of experience if you have a bachelor’s degree. Response 1 of 2: Struggling with this one too. The PgMP or as it’s also known, the Program Management Professional, like all tests, there is a bit of freedom on PMI's part to exam an array of subjects. Apart from the obvious one that you get certified, here a few of the many advantages of getting a PMP certification. Our calculation suggests that the recovery can be done in little more than 2 months. You can follow the same process that I have used for doing the cost-benefit analysis. About PgMP® Certification Training Course Program management is the process of managing several related projects often with the intention of improving the organization’s performance. Apply for PgMP Certification Login or Create Your Account Earning Credit. "I travelled from Germany to Sydney in order to participate to Dharam's 3 days PgMP preparation training and totally worth it. Should you rely on the promo material? A slice of PMP course It connects you to a community of professionals, organizations, and experts worldwide. By what number you ask? The 2017 PMI Eligibility guide states a few prerequisites to be eligible to take the PMP course. The PgMP has been very valuable to me and been helpful already in my csareer pursuits within Intel. There is no denying the fact that the cost of pursuing the credential is extremely high. I’m also curious if it’s drastically helped anyone? The spectrum applications in the project management PMI and PgMP online course, then PMP is extremely.... 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