Mumbai: The Project Management Institute (PMI) India released its “Earning Power: Project Management Salary Survey,” which reveals a significant advantage in earning potential for practitioners who hold the Project Management Professional (PMP)® certification. According to the survey, respondents from India with a PMP certification reported 13% higher median salaries than those without a PMP certification. New in this edition is salary information from five countries not previously covered— Indonesia, Pakistan, the Philippines, Portugal, and the Russian Federation.
The comprehensive biennial survey offers insight into the value of project management skills, experience, and certifications. It is an industry-leading source of data, giving project management practitioners a greater awareness of their earning potential — and helping employers, compensation committees, human resource departments, and executive recruiters to better determine salary ranges.
PMI President and CEO, Sunil Prashara said, “To fulfil the growing needs of The Project Economy, there is accelerating demand for project management practitioners with the right skills and qualifications. This growing demand and interest in Project Management being a core skill for all enterprises regardless of sector is attracting competitive compensation opportunities. Our Salary Survey is a crucial tool for organizations seeking to fill project management positions, as well as for individuals competing to qualify for those roles around the world.”
More than 80% of survey participants report that their total compensation, including salary, bonus and other forms of compensation, increased over the 12 months prior to completing the survey. About one-quarter (25%) reported increases of at least 10% over that time period.
PMI India Managing Director, Dr. Srini Srinivasan said, “PMP certification tells employers, peers, and the world that certificate holders know what they are doing in project management. It proves that they have the specific skills and experience employers seek. According to the survey, respondents from India reported 13% higher median salaries than those without a PMP certification. We will continue to create awareness about this exciting trend.”
PMP certification holders report higher median salaries in most countries included in this study; however, this varies widely from country to country. Those holding the PMP certification demonstrate the largest salary increases in the Philippines and Indonesia, where PMP holders report a median salary over 80% higher than those who do not hold the certification.