We all know how important knowledge, understanding and experience are when applying for a job or new role. Your CV can discuss your skills and experience, but how do you prove it? Competition is fierce and employers want to be certain that you will deliver to the standard you presented at the interview stage.
According to the Times Higher Education research, it is not uncommon for university graduates to earn 30-80% more than individuals who stopped at the end of upper secondary education. This is mirrored by the Arras People Project Management Benchmark data, which determines that accredited PPM practitioners receive higher salaries and day rates than those who are not accredited. This is then broken down into how APMG’s PRINCE2® andMSP® qualifications, as well as APM’s APMP certification, benefit PPM practitioners financially.
As mentioned previously, PRINCE2 qualified project managers run more successful projects, which correlates with Arras People’s data showing that they also earn more. The results for MSP are a bit different, as it is not as widely used as PRINCE2 and is a more specialist certification. MSP practitioners tend to have higher salaries than PPM practitioners in general. This differs from the PPM results as the majority (60%) of MSP practitioners are earning over £50k a year whereas PPM overall peaks at a salary of around £40k. (Anybody fancy an MSP brochure?!)
Passing an examination does not mean you’ve proven yourself as a great project manager, but it is a good place to start. Getting a qualification can help you reach your potential and prove your excellence in the field once you’ve earned it.
To learn more about the PPM market, have a look at the Arras People blog, to the right of your browser window under Blogroll – How to Manage a Camel. Also, this presentation gives great insight into current marketplace conditions for PPM practitioners, written by John Thorpe, Managing Director, Arras People.