Why Become a Certified Project Management Professional? Explained

Project Management is a lucrative career option that is always in high demand, offering you lots of rewards and job opportunities with high-paying salaries. At times it can be quite stressful and demanding. There are about 1,036,368 active PMP-certified professionals across the world as of 31 July 2020.

According to a report generated from PayScale, the average PMP (Project Management Professional) salary in 2022 is £55,000 per annum in the United Kingdom.

If you have ever wondered whether choosing a career in project management is right for you, this post will certainly help you to evaluate your stand.

Table of Contents

1) What is a PMP Certification?

2) List a Few Reasons to Become a PMP Certified

3) What Type of Jobs can I get into after Obtaining a PMP Certificate?

4) Conclusion

What is a PMP Certification?

Project Management Professional also referred to as PMP, is a globally recognised certification offered by PMI (Project Management Institute). PMP is one of the nine certifications offered by PMI. Most of the PMP exam questions refer to the PMI Project Management Body of Knowledge, also known as the PMBOK Guide. test

Since 2021, the PMP exam test candidate's potential on three domains based on ECO (Exam Content Outline). The three domains are as follows:

1) People (42%)

2) Process (50%)

3) Business Environment (8%)

The PMP exam is a closed book consisting of 180 multiple-choice questions, with no-reference materials allowed. The first five questions are not counted and are used only to fine-tune the exam difficulty and precision. The 175 questions valued grade for the candidate's proficiency.

Upon completion of the PMP exam, the candidates will get the exam results immediately if it is a computer-based test. And it might take up to 4 weeks if it is a paper-based test.

List a Few Reasons to Become a PMP Certified

The reasons you should consider becoming a PMP-certified professional are plenty. Here are a few reasons listed below that might be of your interest.

Leading sectors New Job Opportunities

Expected Job openings due to expansion and development in project-oriented sectors. Analysed for 11 countries from 2017-2027.

Manufacturing and Construction 9.7 million

Finance and Insurance 4.6 million

Information Services and Publishing 5.5 million

Management and Professional Services 1.7 million

Utilities 279,000

Oil and Gas 49,000

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1) By 2027, the PMI expects around 22 million new job opportunities in project management. The demand is exceedingly high for project managers.

2) Competitive salary packages are offered for entry-level project managers. According to Pay Scale, the average salary for entry-level project managers is about £32,000 per annum.

3) Globally, high demand for PMP-certified project managers in multiple industries, such as Oil, Gas, Insurance, Finance, Construction, Manufacturing, and Utilities.

4) Several opportunities to upgrade and advance. Certified project managers who are experienced and specialised in specific domains can expect double or more than the double entry-level salary.

5) Upskilling or upgrading with certification can increase project management skills and help you ascend your designation and increase your income.

6) As a project manager, you will have multiple options to prove your creativity.

7) A project management career is ideal for those interested in taking up challenges and responsibilities to complete the work remarkably.

8) You will be exposed to agile methods and learn to efficiently and quickly get your project completed.

If you are interested in gaining experience and skills in agile methodologies of project management, then this PMI-ACP Certification Training is for you.

What type of Jobs can I get into after obtaining a PMP certificate?

Once you have obtained a PMP certificate, you will have tremendous opportunities to choose from. You can pick your area of speciality among the various domains present and continue to work on them to gain experience and develop practical skills in that profession.

Beginners or inexperienced certification holders can start with small projects or be a part of a project management team handling massive projects to gain hands-on experience. Once you have gained considerable experience and have managed to acquire a project management certification, you can apply for senior management positions, which expect high responsibilities and commitment to complete the project within the anticipated constraints.

Following is the list of a few job roles that will suit a PMP certified professional. Also, the average expected salary for each position - according to the PayScale, is mentioned in the table below. For the job roles in the United Kingdom and the United States.

Also, check out our blog to prepare the top PMP interview questions to ace your interview!

Conclusion

Project management has a plethora of options for you to choose from the options provided in the organisations. You can decide which career you want to select and what specialisation can help you achieve your goals. Most companies prefer a certified project management professional, as they believe that certified project managers tend to complete projects accurately and within the estimated time limit and cost.

Candidates from any background interested in building or upgrading their career in Project Management can enrol in PMP Training now.