Why and Why Not Earn Your PMP?
Getting your Project Management Professional (PMP) certification can be very beneficial for any project manager. Here are just some of the reasons you might want to consider earning one:
Higher Pay – A PMP certification can open doors to higher salaries. According to the PMI Salary Survey, project managers with a PMP earn, on average, 16% more than those without the credential (in the USA, it is even more, with the average being 32%.) Many employers prefer or require PMP certification for mid to senior-level project management roles.
Career Advancement – Since the PMP credential is recognized worldwide, it can make you more marketable in a competitive job market. Gaining the credential also demonstrates your commitment to lifelong learning and the project management profession – something hiring managers like to see these days when many people swap and change careers.
Enhanced Skillset – The PMP certification is a globally recognized standard for project management. The PMP certification is based on the Project Management Institute’s (PMI) framework of vetted industry good practices. By becoming certified, you learn these good practices, which can significantly enhance your skillset.
Confidence and Credibility Boost – Project management can be a lonely profession, leading to self-doubt and Imposter Syndrome. While team members work daily with peers, project managers sometimes have few peers to bounce ideas off. Obtaining your PMP certification can boost confidence in your abilities – it will probably make you as well qualified as the majority of project managers in an organization. It also adds credibility to your professional profile, perhaps making it easier to earn the trust of team members, stakeholders, and clients.
Continuous Learning: Maintaining PMP certification requires ongoing professional development, encouraging individuals to stay updated with industry trends and good practices. This commitment to lifelong learning is highly valued by employers.ts.
What are the Potential Downsides of Studying for Your PMP?
2) Why Not?
While earning a Project Management Professional (PMP) certification can offer numerous benefits, it’s important to be aware of the potential disadvantages or challenges of pursuing this credential. Here are some of the potential downsides you should consider before deciding to seek a PMP:
- Time and Effort – Preparing for the PMP exam can be time-consuming and demanding. It typically requires significant study time, especially if you are new to project management concepts.
- Financial Investment – There are costs associated with obtaining a PMP certification, including exam fees, study materials, and training courses. These costs can add up, and it’s important to budget accordingly.
- Eligibility Requirements – To be eligible for the PMP exam, you need a specific combination of education and professional experience. Meeting these requirements can be a barrier for some people, so check they are achievable before applying.
- Exam Difficulty – As mentioned, the PMP exam is known for its challenging situational questions. Some people find the exam difficult; passing it may require multiple attempts.
- Continuing Education – The PMP certification requires ongoing professional development to maintain. Certified professionals must earn Professional Development Units (PDUs) through continuing education activities. This can involve additional time and expense.
- Career Expectations – Earning a PMP certification does not guarantee immediate career advancement or a salary increase. The benefits may take time to materialize as you gain experience and demonstrate your project management skills. Or, you may need to apply for a new role to get the PMP boost you were hoping for if the credential is not recognized for its full value where you currently work.
Ultimately, the decision to pursue a PMP certification should be based on your career goals, industry requirements, and personal circumstances. It’s crucial to weigh the potential downsides against the benefits and consider whether the PMP certification aligns with your professional aspirations and long-term plans.