PMP Certification Salary in India: Earn More with Project Management Credential

If you are preparing for PMP certification and wondering if all the hard work will be worth your while, this article is for you.

PMP-certified professionals are highly sought after across industries such as software development, manufacturing, construction, and information services. In fact, PMI’s 2021 Job Growth and Talent Gap Report predicts demand for 25 million new project management professionals globally by 2030.

We have prepared a data-backed guide on the average PMP-certified salary in India and USA. We will also go over what factors affect PMP certification salary, among many other things.

So, let’s get going!

Does PMP Certification Increase Salary?

Absolutely!

The 13th edition of “Earning Power: Project Management Salary Survey,” by The Project Management Institute (PMI) is out now. The survey provides an in-depth look at the salary landscape for project management professionals.

According to the survey, PMP-certified professionals in India enjoy a median salary of ₹1,800,000, compared to ₹1,327,026 for non-certified practitioners.

This stark contrast reveals a substantial 35.6% salary advantage for PMP holders in India.

Here are some more insights on PMP salary in India and across the world:

• Global Perspective: The same survey has also reported median salaries 33% higher than their non-certified counterparts across 21 countries surveyed.
• Career Growth: Beyond immediate financial gains, 55% of U.S. practitioners affirmed that PMP certification has been extremely valuable for their career development.

Salary increment happens to be one of the many perks of getting a PMP certificate. The survey reveals that PMP certification does more than just boost salaries. About 66% of participants reported a noticeable boost in their total compensation, which includes salary, bonus, and other cash incentives) over the past year.

This increment can be easily attributed to the continuous education and skill-building emphasized by the PMP certification program. So, if you want to stay competitive in this cut-throat job market, enroll in a Project Management Masters Program!

PMP Certification Salary: Detailed Overview

There’s no iota of doubt that a PMP certification translates to higher earning potential. However, let’s not forget that there are several other variables involved here that can significantly PMP certified salary in India.

We are talking:

Geographic Variations

Salaries fluctuate significantly based on location. For instance, PMP average salary in USA is approx. $123,000 per year, while certified professionals in India can fetch around 17 lakhs per annum. Similarly, PMP average salary is much higher in urban centers and tech hubs of these countries.

For example, PMP-certified professionals in Silicon Valley might earn significantly more than those in smaller U.S. cities due to the high concentration of tech companies and increased living costs. Similarly, in India, PMP holders in Bangalore or Mumbai typically command higher salaries than those in tier-2 cities.

It goes without saying that you need to take these numbers with a massive pinch of salt as every industry and every company offers different compensations based on a wide array of factors.

Industry-Specific Trends:

Certain sectors value PMP certification more highly. IT, healthcare, and aerospace industries are known to offer lucrative CTC to PMP holders, sometimes 30-40% above the median. This is due to the complex nature of their projects and the critical role of effective project management in these sectors.

Experience Multiplier:

The compound effect of PMP certification and experience is sizeable, to say the least. The credential demonstrates your ability to manage the people, processes, and logistics of a project as a lead.

A PMP-certified project manager with 10 years of experience might earn 40-50% more than their less experienced peers. Since only candidates with a minimum of 36 months of project management experience are eligible for the program, the certification can be your ticket to senior-level positions.

Organization Size:

Larger organizations naturally have more complex project ecosystems and can afford to offer higher compensation. Multinational corporations tend to PMP-certified professionals 20-25% higher salaries compared to smaller firms, reflecting the scale and complexity of their projects.

Additional Certifications:

The synergy of multiple certifications can further improve your earning potential. For instance, a professional with both PMP and Agile certifications might command a 15-20% premium over those with PMP alone, as they demonstrate versatility in different project management methodologies.

Economic Factors:

Market conditions also play an important role in salary determination. If you are applying for a job in regions experiencing rapid economic growth or facing a shortage of qualified project managers, you can expect 30-40% higher compensation due to high demand. Conversely, in saturated markets, the salary premium tends to be more modest.

Salary Insights for PMP Certified Professionals [2024 Updated Data]

In this section, we will discuss the average PMP certification salary in India across different industries, states, and companies.

Average PMP Salary in India

Please keep in mind that the numbers we are going to mention aren’t set in stone. Different companies have different procedures for reviewing PMP-certified candidates. Having said that, according to a report based on 286 salary packages, PMP project managers between 6 and 18 years of experience can expect to earn ₹ 7.7 Lakhs to ₹ 36.0 Lakhs, with a median salary of ₹ 16.5 Lakhs.

Entry-level project managers holding PMP certification will be looking at ₹ 6 Lakhs to ₹ 9 Lakhs per annum.

PMP Salary Based on Cities in India

The following table highlights the average salaries and ranges for PMP-certified project managers in key metropolitan areas, with major tech cities leading the chart:

Find out our PMP Training in Top Cities/Countries

PMP Salary in India Based on Industries

The table you see below illustrates the estimated average annual salaries for PMP-certified project managers in key sectors, based on the review of hundreds of job posts on various job platforms:

Do you also want to work as a top-ranking PMP-certified project manager in your preferred industry? Learn about the educational and skill requirements in this detailed blog post on How to Become A Project Manager.

PMP Salary Based on Companies in India

Find out the estimated salaries offered by leading companies in India in the chart below:

What Factors Affect Project Manager Salary in India?

 A project manager’s salary in India is influenced by the following factors:

Experience and Track Record

It shouldn’t come as a surprise that experience is a major determinant of salary. Project managers with a proven track record of successfully leading complex projects tend to command higher salaries. Experience equals your ability to handle pressure, navigate challenges, and deliver projects on time and within budget.

Certifications and Qualifications

As is the case with any other industry, certified professionals are eligible for a higher package than their non-certified counterparts. Apart from PMP, other valuable certifications include PRINCE2, Agile certifications (like PMI-ACP or CSM), and industry-specific qualifications. Each additional certification can potentially lead to a 5-10% increment.

Industry Type

Sectors like IT, construction, and finance typically offer higher salaries for PMP holders due to the intricate nature of the projects they manage. Specialization also pays off. For example, knowledge of Agile methodologies in IT or building codes in construction automatically puts you ahead of the curve.

Company Location

Location matters too. Tier-1 cities like Bangalore, Mumbai, and Delhi offer the highest salaries, often 20-30% higher than the national average.

Emerging tech hubs like Pune and Hyderabad are catching up, offering competitive remuneration to attract top talent. In Tier-2 and Tier-3 cities, you may have to face lower salaries, but in hindsight, these cities generally have lower living costs.

Final Words

On that note, it’s a wrap. We hope this article gave you a comprehensive overview of PMP certification salary around the world. These numbers are highly dynamic and given the increasing demand for qualified PMP-certified professionals across multiple industries, the salaries are going to get more competitive than ever.

Kickstart your journey as an aspiring project manager, check out our expertly crafted Project Management Tutorial today!

FAQs

1. What is the salary after PMP certification?

Ans. PMP certificate holders in India expect a median salary boost of up to 33% compared to non-certified managers. (Source: PMI Salary Survey).

2. Is PMP still in demand?

Ans. Definitely. According to the Project Management Institute (PMI), there will be approx. 25 million vacancies for project managers globally by 2030.

3. What is the salary of a PMP fresher in India?

Ans. A fresher PMP-certified professional earns ₹6-9 lakhs annually. This can increase rapidly with experience.

4. Is PMP good for a career?

Ans. Yes! PMP certification enhances your earning potential by opening doors to leadership roles.