Is PMP certification worth my time and money in 2023?

Is PMP certification worth my time and money in 2023?

PMP Certification is designated to open the doors for professionals to lead a project directly in the top organization across the world. It holds the top position in the job market today.PMP certification benefits project managers to upgrade in the field of project management.Though PMP Certification requires extremely hard work, the certification is worth your time and money in 2023.The most acquainted PMP-certified project manager would be able to handle several high-performing projects. A PMP-certified project manager is expected to get a 20% higher salary when compared to a person who is a non-certified project manager.The demand for PMP certified project managers is increasing because it not only has the advantage for the project manager but also for the organization. Are you still doubtful whether PMP Certification is worth my time and money in 2023? Let's start decoding.

What is PMP Certification?

Project Management Professionals are crucial in every aspect, likewise, the demand for the certification also varies in different regions. PMP certification is a credential for projectmanagers, exhibiting the experience, skill, and competency to lead a project. With the widespread of industries, a certified PMP professional is expected to handle a wide range of scenarios, and only a certified holder will get experience in project management. The individual passing the comprehensive exam becomes a certified PMP professional.
Nearly, thousands of aspirants take up the PMP exam every year. According to the survey,there are 1.2 million people who are holding PMP certification.

Who can enroll for PMP certification?

Project Management Professional was launched in 1984, as there was a huge requirement for it in the field of defense, aerospace, and construction industries. PMP is one of the certifications offered by PMI. As project management is a complex field, it has many challenges in the career journey. These challenges have made them the most demanded professionals in the industry.
According to Indeed, PMP is one of the highest-paying certifications around the world.Though PMP is worthwhile for anyone in the field of project management, here is the list of professionals who can enroll for PMP certification:

● Project Coordinators
● Project Analysts
● Mid-level Project Managers
● Senior-level Project Managers
● Project Leaders
● Product Managers
● Program Managers
● Project Sponsors
● Team Leaders
Remember, anyone interested in the field of project management and who wants to improve their management skills can enroll for PMP certification.

Fee Structure
The major components of a PMP certification include training fees, expenses for study material, practice test stimulator, and exam fees. The Project Management Institute conducts the PMP exam and sets the cost for the certification for professionals in project
management.

Prerequisites for PMP Certification

The major components of a PMP certification include training fees, expenses for study material, practice test stimulator, and exam fees. The Project Management Institute conducts the PMP exam and sets the cost for the certification for professionals in project
management.

The eligibility requirement for PMP Certification are as follows:

● The applicant must hold a bachelor’s degree or s equivalent project management experience of 3 years. In the duration of 3 years, the applicant must have spent 4500 hours on leading direct projects and take up 35 hours of project management
education.
● If the applicant does not have a four-year degree, you need to have a secondary diploma with 5 years of experience in project management. During the five years,the applicant must have spent 7,500 hours on leading direct projects and 5 hours of
project management education.

The table summarises the eligibility requirement for PMP Certification:

Benefits of PMP Certification

PMP Certification is one of the excellent career opportunities for management professionals. It adds value to your ability to lead a project. If you are looking to get a PMP certification it is very important to know the benefits. We have listed the benefits of PMP
Certification below, for your better understanding:

● Higher Salary

PMP certification has great benefits in terms of career growth as well as salary hikes. Certified PMP professionals are given priority in the field of project management. With this PMP certification, there is going to be a hike in your current salary and job status when
compared to non-certified project managers.The median salary of a PMP professional will be 16% higher globally and 32% higher in the United States.

● Good knowledge of project management With meticulous training and tough exams, by the end of completion of certification, you
would have gained better management skills. The PMP Certification helps you learn thelatest technology in project management. One would notice an improvement in earning good knowledge of project management, its tools, and strategies for future execution.

● Adds weightage to your resume
Resumes look great with certification that defines your knowledge and experience.Certification expresses to the recruiter your willingness towards learning new skills. PMP Certification would be the cherry on top of your career development, it adds weightage to your resume and makes you stand out in the crowd.

● Improves your network
Networking is the required craft for a PMP professional. Networking is one of the expected soft skills in a PMP professional life. PMP Certification benefits you with networking, while you get to reach out to other PMP Certified professionals. PMP Certification brings you a great opportunity to connect with people belonging to the same background.

What to do after PMP Certification?

PMP Certification boosts your career manyfold. With different levels of challenge in your career ahead, learning should begin from the day you earn your PMP Certificate. Along with career development, a hike in salary, and growth, you can take up PDUs credentials. The Professional Development Unit is the professional credential to maintain in the next three years. The project manager needs to get the required PDUs through their career journey. By the end of 3 years of certification, one must at least maintain 60 PDUs.With PMP Certification, you would land a lucrative job role in the top performing industries like IT, healthcare, finance, etc. PMP Certification takes you to different job profiles like project manager, program manager,Project Manager in the IT industry, Vice president in the IT industry, Director of IT, etc.

Is PMP Certification worth my time and money in 2023?

Yes, PMP Certification is worth your time and money in 2023. PMP Certification helps you showcase your management skills, gives you a salary hike, adds weightage to your resume, and opens the door for management-level networking. Gaining a PMP Certification is more like an investment for your future. The experience makes you lead and direct projects.According to sources, a certified professional gets a 20% higher salary when compared to non-certified project managers. The demand for PMP Certification has grown rapidly in the past two decades, as project management has become a peripheral part of businesses today. PMP aspirants get started now, PMP Certification is definitely worth your time and money in 2023. We at Gold Standard Certifications continue to offer the best Project Management Education. We conduct Instructor-Led training, self-paced courses, live sessions, and
workshops, to engage learners and provide opportunities to understand on-the-job problems to get the upskilling and training you need.Contact us at [email protected] or call us at +1 281-394-1224