PMI: Project managers can ease tough times
Project Management Institute (PMI) has unveiled the 13th edition of its Earning Power: Project Management Salary Survey, shedding light on the financial benefits of Project Management Professional (PMP) certification.
Results indicate that a substantial salary premium for those with the PMP certification, with respondents earning 33 per cent higher median salaries on average across 21 surveyed countries.
Drawing insights from over 20,000 respondents worldwide, 78 per cent of those who hold the certification. The report not only provides salary benchmarks but also underscores the broader value of the PMP certification in terms of career development.
Two-thirds of participants reported an increase in total compensation over the 12 months preceding the survey, emphasizing the tangible impact of PMP certification on professionals’ financial well-being.
The data reinforces the widespread belief in the value of the certification not only for salary growth but also for long-term career progression.
“ Viewed as a scarce skill on the continent, PMI is intentional about supporting project professionals with globally recognized certifications at every career stage.,” says George Asamani, Managing Director, PMI, Sub-Saharan Africa. He noted that the certification is a crucial asset in the region, describing it as a “scarce skill.” As Africa focuses on economic development, project management will key role in executing these strategies.
With Kenya’s economy projected to grow at 5.5 per cent in 2023, the President of PMI Kenya Chapter, Jeane Mathenge said project managers can help in navigating the volatile, uncertain, complex, and ambiguous business environment.