Last Updated on July 28, 2020 by Larious
The PMP credential offered by PMI is one of the widely known project management certifications. PMI also places the PMP as the most relevant credential recognized by project management professionals. According to the ninth edition of Earning Power: Project Management Salary Survey, PMP badge holders receive a 22% higher pay as compared to their uncertified counterparts.
As a result, many applicants have false presumptions about it. Many speak of it as a gateway to higher-paying employment opportunities. With these expectations, many specialists commit themselves to earn the PMP badge and end up being frustrated.
They have a definite mindset that they will start enjoying the benefits immediately. Not to say that you won’t enjoy better salaries and industry recognition but this should just be complementary benefits. The true value of having the PMP certification is discussed below:
- Personal achievement
The pathway of earning the PMP credential starts with being eligible. This means having a 4-year degree, 36 months of experience as a project manager, and 35 hours of project management training. However, if you don’t possess these achievements, a high school diploma, with 60 months of project management experience and 35 hours of training will also do. On top of this, you need to study for and ace the PMP assessment.
This test is comprehensive and covers all aspects of project management from initiation, planning, execution, monitoring, and control to closing. The exam registration fee is $405 for PMI members and $555 for non-members. The PMP assessment can either be taken online or in person at a testing centre. This requires personal commitment and the end result is a sense of personal achievement and satisfaction. It also gives you self-belief and the confidence to have bigger career aspirations.
- High drive to study
The most powerful tool a specialist can have is knowledge and no one can take that away from you. During exam preparation, you will learn newer concepts and have a deeper understanding of many topics. Besides, maintaining your credential through the PMI continuing certification requirements program encourages you to keep up with any updates in your discipline. This does not only maintain your career relevance but also activates your creative side.
- PMI professional community
Whether you are a PMI credential holder or not, being a member of the PMI professional community is good for your career. PMI annual membership fee is $129 and exposes you to localized PMI agencies in addition to being a source of reliable research materials, mentorship opportunities, and networking platforms. Also, PMI members receive a discount on certification exam fees. All this promotes your professional growth.
The true benefits of being the PMI PMP certification holder, as you can see, mostly contribute to your personal growth which then translates to the professional one. From these advantages, you can land a better and higher-paying job and enjoy recognition at your workplace. The truth is that being PMP accredited is worth it. Nevertheless, don’t focus on the quick gains, and don’t be disappointed when the benefits don’t come easily. Continue accomplishing your goals to learn more about your discipline and in the long run, you will look back and know that you made the best investment.