USA : $80,000 - $110,000 Per Year (Source)

India: 17,00,000/- INR Per Year (Source)

Employers usually lookout for professionals who can manage projects, not just effectively but also efficiently. Now, the managers can gain expertise in project management methodology by directly involving themselves in live projects and also by formal education. Experienced project managers along with new professionals entering the field can get this certification. Apart from that, managers, in general, would want to consider getting PMP certified in order to land their dream job or simply bag the much-awaited promotion.

1. Monetary Benefit
   A PMP certified professional earns 18% above the average salary of a North American IT professional.


2. Effort Recognition
   It takes the uninterrupted dedication of abilities to earn the designation as the eligibility criteria for taking the exam itself is quite demanding. Therefore, this certification earns a lot of respect in the corporate world.


3. Career Enhancement
   A practitioner who is PMP certified is an expert in the field and therefore is advantageous when it comes to the market value. Since there will be an estimated growth in the management-oriented jobs in the near future, the career opportunities are also likely to enhance.


4. Right Language
   Along with learning new skills, the professionals also get to grasp the right business language required for the role. Project management involves the usage of certain terms that are not just industry-related but require a deeper understanding. With the PMP certification, the practitioners can ensure that everyone is on the same page when it comes to handling various projects.

A PMP certification involves a lot of other costs along with just the exam cost. All the processes to become PMP certified involve various costs. They vary from region to region and also from person to person. In brief, the certification involves an application fee and an exam fee plus additional costs to prepare for the exam.

Components of the PMP certification cost

1. PMP Training Cost : $50-$3,500
2. PMP Prep Duration : 6 Months
3. PMP Exam Fee: $405.0 (Member) | $555.0 (Non-member)

The PMP certification is valid for exactly three years from the date of the certification. For instance, Paul got his certification on 10 July 2018, then it will be valid until 10 July 2021. However, the credential can be renewed by earning 60 Professional Development Units (PDU) in the duration of three years and on the third anniversary, a new renewal cycle begins.

Step 1. Eligibility Criteria

Step 2. Documenting Information

Step 3. Application

1. It comprises 200 multiple-choice questions out of which 25 are pretest(unscored) questions.
2. The standard method of conducting the test is Center-based. However, under certain circumstances, Paper-based testing is also available.
3. The allotted examination time is four hours with no scheduled breaks.

The PMP candidates try to be well-versed with the syllabus and take about 35 hours to prepare for the exam.

For more details, log on to official PMI Website.