Many people have gained PMP certification due to its value. This number is increasing day by day. If you are working in the IT sector and are considering getting a PMP certificate, you might be thinking, “How much PMP Certification cost?” or “Where do I start?” Don’t worry as we’re here for you to cover all this information. Let’s delve into this guide and find the right answers.
What is a PMP Certificate?
PMP certificate shows that PMP-certified holders have the necessary leadership skills and expertise. They make sure that projects are completed on time, within budget, and to the right standards. They plan, organize, and assign tasks to their team.
All organizations need project managers, so they work in many different industries. This is why getting a Project Management Professional certification can be very beneficial for project managers.
A PMP certification can help you succeed as a project manager and open doors to better-paying jobs. It shows you have the skills and experience to lead projects and teams. With a PMP certification, you can earn more money, work on bigger projects, and advance your career. It’s a valuable tool to help you stand out and achieve your goals.
How Much PMP Certification Cost?
The cost of getting a PMP certification depends on if you’re a Project Management Institute (PMI) member. If you’re a PMI member, you’ll have to pay $405 for the exam, and if you’re not a PMI member, you’ll pay $555.
If you want to join PMI, you’ll have to pay $129 per year at the time of sign-up. There is also an application fee of $10. This amount can save you money on the exam and give you other benefits too.
If somehow you need to retake the exam and you are a PMI member, you’ll pay $275. In the case of non-members, the time to retake the PMP exam, they pay $375.
What Is the PMP Renewal Fee?
The renewal fee is given when PMI confirms you’ve met the PDU requirements. PMI sends you an email notification regarding this confirmation to renew your PMP certification. After you get the notification, you’ll need to pay the renewal fee online through the PMI certification system.
Now that if you are a PMI member, you’ll have to pay $60 otherwise non-members pay $150. You can renew your certification anytime during your cycle if you’ve met the requirements. But remember pay within three months of the cycle end date. After that PMI then send you an updated certificate in 6-8 weeks.
Remember to follow PMI’s rules, including audit rules. If you’re audited, you must complete the audit before renewing your certification. Please note that the PMP renewal fee is not the same as your membership fee.
What Is The Cost Of PMP Training?
There are many PMP training institutes available out there to choose from. You must check their potential, output, and instructors otherwise you’ll waste your time as well as money. monroyal is the top PMP training institute in Abu Dhabi offering quality course content with a huge number of satisfied candidates and an affordable training fee for you.
The cost of PMP certification classes ranges from $350 to $4000. Online courses typically cost between $400 and $1500. Some websites offer free trial courses, but they’re not enough for full preparation.
If you are a job holder and can not give enough time to your training, the option of online courses would be best for you. They offer flexible scheduling with both live and recorded classes.
Applied For PMP Exam And Want Refund?
If you have applied for the PMP exam and given the exam fee but for some reason you don’t want to take the exam now and want a refund, there’s also a solution for you. You can ask the Project Management Institute at least a month before your exam eligibility expires.
If you haven’t scheduled or taken the exam, PMI will keep $100 as a processing fee. If your application was rejected or didn’t pass the audit, you can also get a refund.
However, you won’t get a refund either if you scheduled the exam but didn’t take it, or cancel/reschedule with PMI or your eligibility period expires without taking the exam.
What Are The Benefits Of PMP Certificate?
Now that we have briefly explained how much PMP certification cost, let’s move on to its benefits. PMP certification is recognized worldwide due to its value, So getting a PMP certification is worth the cost.
PMP Certificate helps you learn new skills, meet other professionals, and earn a higher salary. Certified professionals can earn up to 20% more money than those without certification. It also shows that you’re committed to your job. Overall, having a PMP certification can help you get better job opportunities and advance in your career.
PMP Certified Jobs And Their Salaries
PMP certification helps you to earn a handsome salary. Getting this certificate is a valuable investment. With a PMP certificate, you can pursue various high-paying jobs.
An Information Technology Director earns an average salary of $440,000, while an IT Project Manager with an average salary of $215,000, and a Vice President in the IT sector earns an average salary of $435,000. A Project Manager earns an average salary of $185,000 and a Program Manager an average salary of $290,000, Overall, having a PMP certification can significantly boost your career prospects and salary.
The Bottom Line
In conclusion, getting a PMP certification can help you advance your project management career and earn more money. if you are still worried about how much PMP certification cost, it will cost you from $250 to $3000 to train and $405-$575 to take the exam. But the outcome is much more valuable than its cost.
You’ll learn useful skills and techniques to lead your team. To keep your certification, you’ll need to take more classes and pay a fee every three years. It’s a great investment in your career.