PMP Certification: The Complete Guide for 2023

By Alex • Updated Jan 15, 2023

Project Management Professional (PMP) certification is a highly sought-after credential for project managers.

It is a globally recognized certification that validates an individual's knowledge, skills, and experience in project management.

In this guide, we will explore everything you need to know about PMP certification, including what it is, the jobs you can get with it, the salary you can expect, the requirements to earn it, the cost of certification, and how to maintain it.

About: What is the PMP Certification?

The PMP certification is a professional certification offered by the Project Management Institute (PMI).

It is designed for project managers who have the experience, knowledge, and skills to lead and direct projects. The certification is based on the PMBOK (Project Management Body of Knowledge) Guide, which is a set of best practices for project management.

To earn the PMP certification, individuals must pass a rigorous exam that tests their understanding of these best practices.

Jobs: Which jobs can you get with a PMP certification?

According to Credly, there are 130,439 job openings related to the PMP Certification in the US alone. The 5 job titles with the most openings are:

1. Project Manager: 7,382 job postings
2. Senior Project Manager: 2,719 job postings
3. Construction Project Manager: 1,461 job postings
4. Transportation Engineer: 1,269 job postings
5. Land Development Project Manager: 1,180 job postings

Salary: Which salary can you expect with a PMP certification?

As a certified PMP, you can expect a competitive salary that reflects your valuable skillset.

According to data from ZipRecruiter, as of January 8, 2023, the average annual pay for a PMP in the United States is $120,604 a year. This works out to be approximately $10,050 per month.

It's worth noting that the salary range for PMP professionals is quite broad. The lowest salary reported by ZipRecruiter is $57,500, while the highest is $173,000.

However, the majority of salaries for this profession fall between $100,000 and $138,500, with top earners making as much as $160,500 per year.

Additionally, the average pay range for a PMP varies greatly (by as much as $38,500), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.

Requirements: What are the requirements for the PMP certification?

To be eligible for the PMP certification, individuals must meet certain experience and education requirements. The specific requirements are as follows:

• A secondary degree (high school diploma, associate's degree, or the global equivalent)
• A minimum of five years of project management experience
• A minimum of 7,500 hours leading and directing projects
• A minimum of 35 hours of project management education

Cost: How much does the PMP certification cost?

The cost of the PMP certification can vary depending on your membership status with PMI. The following are the current costs for the PMP certification:

• PMI Member: $405
• Non-member: $555
• Retake: $275

Recertification: How can you maintain your PMP certification?

To maintain your PMP certification, you must earn 60 professional development units (PDUs) every three years.

PDUs can be earned through various activities such as attending project management conferences, taking courses, or volunteering. Additionally, you must also comply with PMI's Code of Ethics and Professional Conduct.

FAQs

Who is the PMP certification for?

The PMP certification is for project managers who have the experience, knowledge, and skills to lead and direct projects.

This certification is based on the Project Management Body of Knowledge (PMBOK) Guide and is globally recognized as the standard for project management.

Is the PMP certification worth it?

Yes, the PMP certification is worth it. PMP certified individuals earn 20% more than their non-certified counterparts, and it opens up a wide range of job opportunities in the project management field.

Additionally, it demonstrates a high level of knowledge, skills, and experience to employers and clients.

How can you get the PMP certification?

To get the PMP certification, individuals must meet certain experience and education requirements and pass a rigorous exam that tests their understanding of PMBOK Guide's best practices.

What are the benefits of obtaining the PMP certification?

The benefits of obtaining the PMP certification include:

• Increased earning potential
• Wide range of job opportunities
• Recognition of knowledge, skills, and experience in project management
• Professional development opportunities
• Increased competitiveness in the job market

How difficult is it to obtain the PMP certification?

The PMP certification exam is considered to be challenging, and it requires a significant amount of study and preparation.

However, with the right resources and dedication, it is possible to pass the exam and earn the certification.

How long does it take to get the PMP certification?

The time it takes to get the PMP certification can vary depending on an individual's level of preparation and study.

However, on average, it takes around 6-12 months to prepare for the exam and earn the certification.

What are the best PMP certification alternatives?

Some of the best PMP certification alternatives include:

• CAPM (Certified Associate in Project Management)
• PRINCE2 (PRojects IN Controlled Environments)
• IPMA (International Project Management Association)
• Six Sigma Green Belt
• Agile Project Management

Note that these certifications may have different requirements and be more focused on specific methodologies or industries.

It's important to research the best certification for your career goals.

Conclusion

In conclusion, PMP certification is a valuable asset for project managers.

It not only validates an individual's knowledge, skills, and experience in project management but also opens up a wide range of job opportunities and increases earning potential.

If you are considering PMP certification, be sure to familiarize yourself with the requirements, costs, and recertification process.

With the right preparation and dedication, you can earn your PMP certification and take your project management career to the next level in 2023.