“There’s never been a better time to be a project manager.”
..states PMI Salary Survey —Eleventh Edition (2020).
But what the report truly indicates is that,
“there’s never been a better time to be a PMP® certified project manager.“
PMI regularly runs a salary survey to find out what kind of salary do project managers draw across industries, across geographies. This is probably one of the most comprehensive salary surveys conducted for any job type.
Some of the data you will discover might surprise you.
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In this PMI salary survey article you will find –
- What data is collected?
- The top-3!
- Interactive salary tool
- What’s the verdict?
- PMI member benefits
- What does all this mean for me?
- The good news (& a PMP® prep blueprint)!
The 11th edition of PMI salary survey compares earnings of over 32,000 project managers from 42 countries. This time around 82% of the survey respondents held PMP® certification.
What is interesting to know is that 72% of them reported that their compensation increased in the past 12 months before taking the survey salary, and the report also shows the expected increase in next 12 months.
The respondents numbers from US, UK, Australia, India, and Canada decreased marginally compared to last year’s Salary Survey, while almost all remaining countries’ number increased. This means more homogeneous distribution across countries giving better picture.
Few countries (Russian Federation, Indonesia etc) took part for the first time.
What data is collected?
You can imagine the scale of PMI salary survey – over 32,000+ project managers across industries and verticals, across the globe. The sample size should be a good representative of the population (remember ‘random sampling’ from tool/technique of Control Quality process?) in order to provide realistic representation of salary figures.
Quite a wide variety of information is collected by PMI’s team – position, years of PM experience, highest formal education, degree in project management, PMP® status, training per year, type of project, avg team size, project budget, and many more – from the sample size from each of the 42 countries.
The Earning Power: Project Management Salary Survey—Eleventh Edition (2020) report is of about 360 pages long, with quite a detailed information segregated by countries.
Thus one can slice and dice the figures to extract an amazing amount of insights into how project management in general and PMP certification in particular can impact the salary of employees across industries, verticals, positions, and geographies.
Also read: Richard shows how to get certified when you don’t find time!
The top-3!
The top 3 countries on median salary figures were – [continue reading…]
I have been wanting to get my PMP for a long time – I think since I started my Bachelor’s degree. I had talked with many senior and executive managers about what their thoughts were on the certification and frankly, they didn’t put too much into the value of the cert.
Master Sergeant Matt D. Durbin took his PMP exam and passed on his first attempt. In this article you will know his approach, study philosophy, study resources, and insights.
As a Contracting Officer, I found myself becoming involved in complex projects from beginning to end and working with other project managers in the process. PMP certification seemed like a natural progression and a way to add a set of skills to my tool set that would benefit my professional career.
In addition to learning the real methodology for project management, the certification adds to my marketability when pursuing other jobs after my military career.
PMP® has been on my wish-list for a very long time but I only attempted it now. While I was exploring & practicing other methodologies such as Agile & Scrum, my affection towards PMP reminded me of my unfulfilled goal.
