PMP® Certification Holders Earn a 16% Higher Median Salary than Non-Certified Professionals, According to the PMI Salary Survey
PHILADELPHIA, November 22, 2021–(BUSINESS WIRE)–The Project Management Institute (PMI) today released the 12and sound editing”Earning Power: Project Management Salary Survey“, which reveals the power of continuous training and skills building in the field of project management, as it can increase the earning potential of professionals. According to the survey conducted between March and June 2021, respondents with Project Management Professional (PMP)® certification reported higher median salaries than those without PMP® certification – 16% higher on average across the 40 countries surveyed.
The latest edition of the survey provides information from over 30,000 respondents, 79% of whom are PMP certified. Despite the impact of the COVID-19 pandemic on the global economy, an increase in total compensation (including salary, bonuses and other cash incentives) was reported by half of survey participants in during the 12 months preceding the end of the survey. Almost a quarter (22%) reported increases in total compensation of at least 5% over this period.
“According to our Talent gap report, the global economy will need 25 million new project professionals by 2030,” said Mike DePrisco, chief operating officer, PMI. compensation opportunities across all industries and geographies. Our salary survey is a valuable resource for professionals applying for these emerging project management positions and for organizations looking to fill them. »
The biennial survey offers insight into the monetary value of project management skills, experience and certifications, giving project management practitioners greater awareness of their earning potential in a job market dynamic. This essential data can also help employers, compensation committees, human resources departments, and executive recruiters better determine competitive and fair salary ranges for project management roles within their organizations.
When converted to US dollars using normal exchange rates, the median salary varies widely among project practitioners from country to country.
The countries where project practitioners report the highest median salaries are Switzerland ($140,983), the United States ($115,000), and Australia ($113,664).
Salary tends to increase with higher positions in virtually all countries, but the rate of increase varies greatly from country to country. The most dramatic increases are seen in Pakistan, Egypt, Saudi Arabia and New Zealand, where respondents showed increases of more than 60% in the median salary from Project Manager I to Project Manager III. For example, as seen in New Zealand, median salary increases ranged from $56,937 for Project Manager I to $80,353 for Project Manager II and $92,441 for Project Manager III. . Practitioners in the United States also see a jump in average salary with an increase from US$83,000 for a Project Manager I to US$96,063 for a Project Manager II and US$115,000 for a Project Manager III.
“As the salary survey report indicates, project managers who are committed to continued professional development and upskilling are in a strong position to seize new opportunities,” DePrisco said. “The data shows significant financial benefits for project managers who are well-equipped to drive change in their organizations.”
About the report
The 12and edition of the PMI Earning Power: Project Management Salary Survey builds on features added for the 11and editing. PMI’s Market Research department continues to evolve this valuable offering to better serve the global project management community. The 12and The editorial report is based on self-reported salary information from more than 30,000 project management professionals, bringing accuracy to salary figures. The stratified random sampling methodology used for this study allows the reporting of meaningful compensation data for 40 countries. The report includes eight main job descriptions/levels in reporting data. PMI worked with a third-party research firm, as well as a volunteer group of PMI members, to make these descriptions as meaningful and “real” as possible. Using these job descriptions to cross-reference data throughout this report makes this information useful to everyone from entry-level project managers to senior project management executives. The full report is available at https://www.pmi.org/learning/careers/project-management-salary-survey.
About the Project Management Institute (PMI)
Project Management Institute (PMI) is the world’s leading professional association for a growing global community of millions of project professionals worldwide.
As the world’s leading authority on project management, PMI empowers people to bring their ideas to life. Through global advocacy, networking, collaboration, research and education, PMI prepares organizations and individuals at every stage of their professional journey to work smarter so they can succeed in a changing world. .
Building on a proud heritage dating back to 1969, PMI is a purpose-driven organization working in nearly every country in the world to advance careers, enhance organizational success and empower project professionals and change makers with new skills and working methods to maximize their impact. PMI offerings include globally recognized standards, certifications, online courses, thought leadership, tools, digital publications and communities.
Visit us at www.PMI.org , https://www.linkedin.com/company/projectmanagementinstitute , https://www.facebook.com/PMInstitute and on Twitter @PMInstitute .
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