PgMP®’s requirements are more inclined to PMP®. That means knowing the majority of PgMP content is required because they test randomly on the many subjects available. You need to have experience in both project and program management, as well as a high school diploma or a bachelor’s degree or equivalent with project management of 4 years and 7 years of experience in program management. It provides details of 8 different cost components, including exam fee and training expenses. 3. If you decide to pursue an online course instead of a classroom course, then your total cost can drastically reduce to USD 1200. In this post I’ll walk you through some of the pros and cons of getting PMP certified. Frankly speaking, the value of PMP should not be measured by its cost. If someone is drawing a salary of USD 80000 per year, then she/he can potentially earn USD 98400 after doing PMP. But, many countries do provide tax deductions to professionals for educational expenses. Regarding taxes – I am no tax expert and this blog is not about taxable income. Knowledge or fast learning of software tools of choice and so on. Helps to distinguish you from other project management professionals in this tough job market. 2020 PMI PgMP –Professional New Test Forum, Before you buy our product, you can download and try out it freely so you can have a good understanding of our PgMP quiz prep, The valid PgMP exam practice torrent are edited and verified by our professional experts who have rich hands-on experience in this industry, Knowledge of the PgMP study materials contains is very comprehensive, not only have the … We have deduced that one can recover the investment in a few months. I’m also curious if it’s drastically helped anyone? Required fields are marked *. Is PMP certification worth it? By what number you ask? This lesson will introduce you to the prerequisites, application, and the credentialing process of PMI and PgMP. The main factors are country of your residence, mode of training, and choice of study material. More complex projects fulfilled, better career advancements. [/pullquote]. Unlike other certifications that focus on a particular geography or domain, PMP is truly global. But cost is only one side of the equation. Thanks for sharing the detailed guidelines. Yet projects are being managed and completed today without certification. The 2017 PMI Eligibility guide states a few prerequisites to be eligible to take the PMP course. I believe PMI’s data is the only scientific statistical data out there. A whopping 80% executives believe that PMP provides a certain amount of security against layoffs. According to a recent PMI survey, the median salary for a certified project manager is $1,08,200. You can find PMPs leading projects in nearly every country. In order to apply to take the PMP exam, you are required to have attained a certain amount of experience leading and directing projects. [pullquote align=”normal”]You need about 2 months of increased salary to recover your investment in the PMP certification.[/pullquote]. Does potential salary increase justify pursuing this credential? You are stumped because of the expenditure involved. In my opinion, you should set aside a budget equivalent to 3 months of potential increase in your emoluments for attaining the PMP credential. While there are only ~2000 certified PgMPs currently, isn’t that a sign of the lesser industry demand for the certification? Hard Skills refers to knowledge of processes (corporate and PMBOK®), work breakdown structures, budgeting and software tools (scheduling software, etc.). Get PMP certified from AcadGild now and taste success before your peers! The PMP certification exam tests five areas relating to the life cycle of a project: Initiating, Planning, Executing, Monitoring & Controlling, and Closing. Data Science Bootcamp with NIT KKRData Science MastersData AnalyticsUX & Visual Design, Acadgild Reviews | Acadgild Data Science Reviews - Student Feedback | Data Science Course Review, What is Data Analytics - Decoded in 60 Seconds | Data Analytics Explained | Acadgild, Introduction to Full Stack Developer | Full Stack Web Development Course 2018 | Acadgild. 2016 saw PMP as the fifth highest-paying and the first business-related instead of technical-related certification. I don’t know how true is PMI statement. Because it is clear that certified professionals often have more business opportunities than their noncertified counterparts. For doing the cost-benefit analysis, I have taken global median salary and an average increase in salary as per the PMI report. Earning College Credit. Here I was hoping to make $1M after certification. According to a recent PMI survey, the median salary for a certified project manager is $1,08,200. According to the PMI Pulse of the Profession study, PMP opens new career vistas and provides professionals with greater job opportunities in the project management world. I am absolutely impressed about his skills, attitude and i am strongly recommending … A Project manager will have to demonstrate amazing capabilities to set the project on a smooth sail. You might be contemplating about pursuing the PMP certification. The non-certified project managers, on the other hand, showed a median income of $91,000.”. Is it worth jumping through these hoops to attain PMP certification? However, if you plan on a long-term career as a project manager, then PMP is your one-way ticket to success. It should be measured by its potential benefits – specifically, the monetary benefits. And finally, determination and commitment as required. You should work on your PMP math. Not earning your PMP is expensive. and is PMP certification worth all the hassle in 2017? Is it too high? This globally admitted certification provided by the Project Management Institute (PMI) covers all the fundamental knowledge, processes, terminology associated with effective project management. Find out the potential increase in your salary i.e. You state: PMP certification holders earn 25% more than their non-certified peers. A PMP credential for garnish. Hi, My name is Praveen Malik. PgMP PMI Exam - VCE Pack - Pass in First Attempt . Apply for PgMP Certification Login or Create Your Account It was the best way to start my PgMP journey and Dharam appeared an exceptional mentor and professional, by providing ALL info and means in order to achieve my goals and obtain the certification. They are the Hard and Soft skills. So don’t give up, it is worth it, and all this work will pay off! Whatever may be your peculiar situation; it is highly improbable that you would need to spend anything more than USD 2900 for getting the credential. Apart from the obvious one that you get certified, here a few of the many advantages of getting a PMP certification. Practicing for an exam like the PgMP can be a full-time … According to a PwC survey, 80% of high-performing projects use PMP credentialed project managers. Most successful exam takers are aware of this necessity and answer the exam questions appropriately. On the way to become a … PMP certification validates expertise running any kind of project and is not specialized into subtypes, such as manufacturing, construction or IT. Here is what you should do: This way you can do your own analysis to determine if PMP is worth for you or not. Some of you may feel that PMI’s report may be biased for its own credential. If you are still a little intimidated by the notion of the PgMP® certification, keep in … This translates into an extra income of USD 18400 per year or about USD 1500 per month. But, you know that the cost of doing PMP is extremely high. So all in all, you only to gain from a PMP course. You are losing lot of money by delaying it.[/pullquote]. Or, do you think there are better ways to get a salary boost? More the projects, higher the compensation. It is way easier to become a PMP than to become a PgMP, yet the trouble for the latter is definitely worth it if you’re a Program Manager with the … Just look at the title of this article. why all the hype around it? ... Is having a PgMP® certification after years of PMP® worth it? This site uses Akismet to reduce spam. I personally think it's too little. The trainer was well acquainted and well behaved; the trainer explains every topic with ease and explanatory examples that helps a lot in understanding … Salary ranges represent a 20-22 percent increase over non-PMP project manager salaries. Write down how much you are currently earning. Well, a PMP certification gives you more projects. PMP certification requires years of planning and effort. Earning Credit. The PgMP or as it’s also known, the Program Management Professional, like all tests, there is a bit of freedom on PMI's part to exam an array of subjects. Another PMI survey states that even the middle eastern countries like the United Arab Emirates and Saud Arabia showed salaries greater for PMP holders. Let’s see how the potential salary benefit outweigh the cost involved. 3. These figures may not hold true for you. When more than one-third of their project managers are PMP-certified, organizations complete more of their projects on time, on budget and meeting original goals. Is PMP Certification Worth all the Hassle – 2017? A PMP certification will definitely expose you to mainstream thinking on project management standards, techniques, best practices, and current trends. those with a PMP certification garner a higher salary (23% higher on average) than those without a PMP certification. It does not talk about the various other advantages of PMP. These meetings often have time allotted for people to stand up and share any job opportunities that are available in their organizations. Let us look at 2 quotes from PMI Salary Survey. BR, Praveen. The total cost can vary from about USD 550 to a few thousand dollars. It has been observed that PMP certification holders earn 25% more than their non-certified peers. Its only purpose is, “is PMP worth the expenditure”. different expenses involved in pursuing and maintaining the PMP credential, PMP Certification Cost: Exam Fee And Other Expenses. According to several resources, the minimum salary for a PgMP holder is around $100k, and the average is $120k. Contributes to higher income. Program Management Professional (PgMP) - Salary - Get a free salary comparison based on job title, skills, experience and education. is it worth getting PMP certified? As you can see from the above, the PgMP is a much more exclusive credential than the PMP, with so much less certified people, and a (much) more complicated process. The PgMP is, in my opinion, one of the hardest certifications in any domain. Purchase PgMP exam package at a discount and start PMI PgMP Exam preparation today. If it’s the value of the certificate, the answer is to 100% the PgMP. Please share why you think PMI’s statement is not true or if you think that they have published promo material. In my previous post, I discussed about the different expenses involved in pursuing and maintaining the PMP credential. The same post also talks about the various factors that influence the total cost of doing PMP. (we prefer if you give your 100%. What is your take on the overall cost of doing PMP? It can be easily deduced that you can recover your expenses investment in less than 2 months. Understand yourself objectively – your strengths and weaknesses. PMP Certification holders demonstrate core competencies that makes them valuable even during a recession. PgMP Program Management Professional-1,626. ... Is it worth it? It assumes that you are living in a western country and you are willing to spend on the best preparation resources that includes a good PMP boot camp. Well, at least US$ 10,000. You should not worry about the cost of the PMP certification. How PMP Bootcamp Save More $$ Than An Online Training? So a PMP certification proves that you have ample amount of experience in the Project Management field. PMI-PgMP Tutorial. A PMP certification can incredibly increase your earning potential. According to Earning Power, a PMP holders earn 20% more than their non-certified peers. It will help not only me but also other readers of the blog. Thanks, great post. By using the data from the above two statements, we can calculate the potential salary benefit. Is it worth spending the money, time, and resources not only to obtain but also to maintain? So, let us do a cost-benefit analysis considering USD 2900 as the total cost of doing PMP. 1. Copyright © AeonLearning Pvt. PMP is definitely worth all the hassle. Take a validated and trusted PMP course and ace it. Welcome to my eponymous blog! How? A PMP certification can incredibly increase your earning potential. Did you take into account taxes on the increased portion of the salary? Pass Guaranteed Quiz 2020 Efficient PgMP: Program Management Professional (PgMP) Latest Exam Online, PMI PgMP Latest Exam Online In today's society, everyone is working very hard, We are the best company providing valid PgMP certification training materials in this field, You may wonder how to pass PgMP valid test in a short time, PMI PgMP Latest Exam Online Only by practising them on a regular … A Heap-full of Project management experience the median annual salary, across all countries, roles and experience levels, is $80,000 (USD) PMI’s Survey. 2. Let us look at 2 quotes from PMI Salary Survey, those with a PMP certification garner a higher salary (23% higher on average) than those without a PMP certification, the median annual salary, across all countries, roles and experience levels, is $80,000 (USD). A PMP certification can beef up your resume. Using ExamTopics. They will be very few and will have a cutting edge in the project management community. Let us refer to the Scenario I from the previous post. I have nowhere suggested that this article is for comparing certification. This is the introductory lesson of the PgMP tutorial (part of the PMI-PgMP® Certification Training.). You should read the best study books and do mock tests from the best simulator. You should attend a good classroom training course or enroll in the best online training or best instructor led training. So here is my take: ... Project Management Professional (PMP), PMP, Program Management Professional (PgMP), PgMP, Portfolio Management Professional (PfMP), PfMP, PMI Risk Management Professional (PMI-RMP), PMI-RMP, Certified Associate in Project Management (CAPM), CAPM, PMI Scheduling … PgMP can shine as a rare jewel in your resume . I am a Project Management Instructor, Coach & Advisor. In this post, you will find a comparison of the expenses involved in PMP (exam fee and all the other costs) against the potential increase in the income. 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