9 Best benefits of getting PMP certified as a project manager!

According to global trainer Arvind Rongala and management consultant Moira Alexander, the Project Management Professional (PMP) credential is the most sought-after project management qualification in the world. But what does this mean for those who have earned a certification? The following are the top nine advantages of earning a PMP certification.

Higher Base Salary

According to the PMI 2015 wage study, respondents with PMP credentials in the United States received a median salary of $111,000 per year. When compared to those who do not have the certification, the average salary is $91,000. It's worthwhile to learn PMP even if you already have a project management certificate.

Continually Rising Salary

A PMP certification provides more than just a quick rise in pay. It can help you stay on track to make more money over time. According to PMI's 2015 salary survey, this is the case. After five years or less, the median pay for PMP graduates in the United States is $103,506. It rises to $124,000 after ten years.

Promotion Prospects

Given that PMP grads' wages are steadily increasing, it's no wonder that this comes with more responsibilities. Norm Fjeldheim, Qualcomm's Senior Vice President and Chief Information Officer, was quoted in the PMI 2016 Pulse of the Profession. This professional route, he continued, "leads into a management track, which can lead to the director, senior director, and vice president."

Project Managers Are in High Demand

According to PMI's March 2013 Industry Growth Forecast, demand for project managers in the United States would grow by more than 12% by 2020. Project managers with the PMP certification are already in high demand. With the growth of project-intensive industries' GDP, demand is expected to continue to rise.

Highlights Skill

Of course, the PMP certification is impressive for more than just the needed work. The Project Management Professional (PMP) is the Project Management Institute's premier qualification. Demonstrating that you've put in the time to lead and direct projects, pass the PMP exam, and earn PDUs demonstrates that you're more than a credential holder; you're an expert.

Client Recognition

Employers aren't the only ones who will be impressed by a PMP certification. When you're trying to obtain new contracts or meet potential clients for the first time, it's a useful tool. "709 (almost 71 percent) of the project manager job advertisements on Monster.com either require or prefer the Project Management Professional (PMP) credential," according to a PMI job search.

Global Recognition

"77 percent of respondents have a defined, company-wide project management technique," according to a PricewaterhouseCoopers poll from 2007. They collected data from 26 countries on six continents. Not only would learning PMP - the worldwide language of project management – expand your network, but it will also expand your marketing reach.

Projects Perform Better with It

"Organizations finish more of their projects on time, on budget, and fulfilling initial targets when more than one-third of employers project managers are PMP-certified," according to PMI.

Projects Suffer Without It

Project performance is poorer in organizations that do not use PM approaches. When project management culture is a top priority, 71 percent of projects accomplish their original goals and business intentions, according to PMI's 2016 Pulse of the Profession. This percentage drops to 52% when it's a low priority. The best argument for hiring PMP project managers is to consider organizations that do not have them.

Ensure that your projects are performing well and that demand for your services is growing. Begin the process of obtaining your certification by enrolling in a PMP bootcamp today!

Richard Pierce An expert in Pmi and Iiba Certifications.