In this blog we are going to tell you about PMP Certification Exam Cost Worth , so read this blog carefully to get the complete information.
PMP Prep Course
You must finish 35 hours of project management course work in order to sit for the PMP. For the most part, this 35-hour requirement is met by taking a PMP prep course.
The cost of these PMP prep courses varies. Based on my previous experience, would allocate $2,000 for this demand. However, if you’re lucky, your boss may be willing to repay you for this cost. Ask your supervisor or HR contact if this is a viable alternative for you, just as you did with your membership fee.
PMP Exam Cost
Now let’s talk about the exam fee. If you are a PMI member, the exam will cost you $405, but it will cost you $555 if you are not. As previously said, the $150 savings is a compelling incentive to consider becoming a member.
If your company is invested in professional growth, it may cover the cost of the exam fee, similar to the PMI membership and Prep Course. Check with your boss or HR contact once again.
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Total Costs
The PMP Exam could cost you around $3,000 in total; but, if you have an employer who will assist you, the exam could cost you nothing. Assume you have to cover all of the expenditures on your own for the sake of demonstrating the benefits.
So you’ve spent $3000 at this point. What’s in it for you, Bow?
Benefits
“What are the Benefits of Project Management?” One of the peers discusses the benefits of project management in great detail. It feels there are a few essential factors that make PMP certification worthwhile. Following that, we’ll go into the income and professional benefits, including both reputation and ongoing education.
Salary
According to PMI, obtaining your PMP will result in clear salary benefits. According to PMI, certified PMPs often earn 20% more than their non-certified counterparts.
Read PMI’s wage survey report to get a complete grasp of the salary benefits and how they develop with years of experience. This report details salaries from all over the world.
A Project Manager’s global median income ranges from $53,000 to $110,000. In the United States, the median compensation for a PMP is $111,000. The PMP is a valuable credential, as seen by this simple statistic.
Expert Reputation
Passing the PMP exam gives you extra power because it is a well-known and respected certification. Your candidacy will be boosted if you include the PMP certification on your CV, along with your certification number. You’ve established yourself as a respected project management specialist.
Professional Development and Continuing Education
Finally, obtaining a certified PMP will provide you with the motivation to keep studying about your industry. You’ll need to pursue professional development or continuing education options to keep your certification current.
Maintaining your PMI membership will give you access to the same free materials you used to prepare for your exam, which you will need to satisfy this criterion. This will set you back about $150 per year (if you also join your local chapter).
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The PMP Certification Cost IS worth it
At the end of the day, $3,000 is a significant sum of money. If you choose to complete this voyage, though, there are definite advantages for you. There are monetary and professional rewards that have been shown via solid research, not just someone’s word. That means a great deal to me, and hopefully to you as well.
