What do you need to know about your PMP salary? Obtaining a PMP certification can be very expensive, as you need to have the necessary education and training to get them. However, your salary will offset the money and hard work you put into in obtaining your PMP certification as more and more companies will compete for your services.
Project management professionals are known to have extensive knowledge and their PMP certification only demonstrates their ability to lead projects. They are employed by numerous companies to do different job functions but their PMP salary is based on their experience, job function and the company they work for.
Experience is a good criteria for your PMP salary, as in most professionals, those with most experience earn the highest salaries. In 2009, individuals with 20 years or more experience earned a median salary of $107, 966 while those with less than one year of experience have the salary of $57, 560. Job descriptions also play a major role in determining PMP salary as project managers for information technology have higher salary compared to construction project managers.
To know you PMP salary, you also need to know the type of your company or the employer type as they varies as well. PMP from private practices or firms have higher compensation than those in companies since they pay their PMP’s $97, 760 as oppose to $94, 253 for PMP’s in companies. You also need to consider the company sales since working for companies that grossed less than $500,000 will give you a salary of $86, 166. The bigger the company earned, the bigger your compensations. Company size also plays a part since larger companies paid their PMP’s more than the smaller companies did. To know the average PMP salary, a certified project management professional earned $88,000 in 2009, but you need to recognize that it depends on your experience and the industry you are working on.
Project management professionals are known to have extensive knowledge and their PMP certification only demonstrates their ability to lead projects. They are employed by numerous companies to do different job functions but their PMP salary is based on their experience, job function and the company they work for.
Experience is a good criteria for your PMP salary, as in most professionals, those with most experience earn the highest salaries. In 2009, individuals with 20 years or more experience earned a median salary of $107, 966 while those with less than one year of experience have the salary of $57, 560. Job descriptions also play a major role in determining PMP salary as project managers for information technology have higher salary compared to construction project managers.To know you PMP salary, you also need to know the type of your company or the employer type as they varies as well. PMP from private practices or firms have higher compensation than those in companies since they pay their PMP’s $97, 760 as oppose to $94, 253 for PMP’s in companies. You also need to consider the company sales since working for companies that grossed less than $500,000 will give you a salary of $86, 166. The bigger the company earned, the bigger your compensations. Company size also plays a part since larger companies paid their PMP’s more than the smaller companies did. To know the average PMP salary, a certified project management professional earned $88,000 in 2009, but you need to recognize that it depends on your experience and the industry you are working on.