Project Management Professional certification (PMP) is a challenging and highly sought after professional designation. This certification is offered by the Project Management Institute (PMI). The PMP designation demonstrates a certification holder's advanced knowledge and experience with project management principles. The salary of a PMP varies depending on the industry and experience.
The national average annual salary for a certified Project Management Professional (PMP) is $88,000. This is the average for all PMPs nationwide as of 2010. According to Indeed.com, “Average PMP salaries for job postings nationwide are 19% higher than average salaries for all job postings nationwide. This salary reflects the average mid-career candidate with approximately 10-15 years of experience." This salary data was provided by Indeed.com and is current as 2010. According to Indeed.com, the salary average for a PMP peaked in approximately September of 2010 and has come down slightly to $88,000 since that time.
The salary of a certified project manager will depend heavily on the industry in which he works. The average salary of a software project manager is $80,000 but can range as high as $120,000. An engineering PMP project manager earns an average salary of $93,000. An executive project manager earns $232,000 on the high end and public sector program managers with their PMP earn $74,000 on the low end. This salary data was provided by SimplyHired.com and is current as of 2010.
Years of Experience
A PMP's experience will also help determine his average salary. A PMP fresh out of school will earn an average salary of approximately $51,000 while one to four years brings an average of $66,000. A PMP hits the national average salary of $88,000 between the nine and 19 years of experience. While the average salary for a PMP with five to nine years of experience is $81,000 the average for 10 to 19 years is $99,000. According to Payscale.com, a PMP will hit the six-figure salary mark between their 15- and 20-year mark with an average salary of $111,000. This salary data was provided by PayScale.
PayScale's 2010 salary data shows that PMPs working for companies with one to nine workers earned a median salary of $73,000 while those with companies of between 10 to 49 employees earned a median salary of $81,000. Employees of companies with over 1,000 employees earned an average salary of approximately $95,000. This average continues to grow as the size of the company increases. Huge companies, like AT&T, with 309,000, employees, pay their PMPs an average salary of $98,500. Surprisingly, the highest paid group were the employees who worked for organizations with between 20,000 and 49,999 employees, earning a median salary of $101,335.