Project Management Institute
(PMI) Salary Survey has revealed that certified project managers in Nigeria
earned 60per cent more than their non-certified counterparts.
PMI, this week, released the 13th
edition of its Earning Power: Project Management Salary Survey. Results show
that survey respondents with Project Management Professional (PMP) certification
earn higher median salaries than those without PMP certification, 33per cent
higher on average across the 21 countries surveyed. PMP certified project
professionals in Nigeria demonstrated an even greater lift, reporting an
increase of 60per cent in median salary than their non-certified peers.
Managing Director, PMI,
Sub-Saharan Africa, George Asamani, said: “Project management is a fulfilling
career and, with the right certification rewarding too. The PMP certification
holds the potential to boost earning power, making it a must-have for
professionals. Viewed as a scarce skill on the continent, PMI is intentional
about supporting project professionals with globally recognized certifications
at every career stage.”
About two-thirds (66per cent) of
the survey participants reported that their total compensation (including
salary, bonus, and other cash incentives) increased over the 12 months before
completing the survey. The data also shows a broad consensus that the PMP
certification is valuable not only for salary growth but also for career
development.
The survey data shows that the
median salary of project professionals varies considerably from country to
country and across variables. In Nigeria, it is $23,370 among project
professionals.
This latest edition of the
biennial publication draws insights from over 20,000 respondents in 21
countries, 78% of whom hold the PMP certification. Survey results revealed that
consensus among respondents from Nigeria that the PMP certification is valuable
to their careers is particularly strong.
This report is a useful resource
for professionals applying for project management roles and organizations
seeking to fill them, as it helps define the earning power of project
professionals around the world.
Asamani said: “Africa’s economic
prospects hinge on various elements and strategies and include policy
framework, capacity building, infrastructure, and access to resources,
technology, and R&D, among others. This requires a comprehensive approach
involving various stakeholders, including governments, private sector entities,
and civil society, working together. The final piece of this puzzle is project
management – getting all these role players to deliver successful projects.”
In a volatile, uncertain, complex, and
ambiguous (VUCA) business environment, the hiring of PMP-certified project
managers has emerged as a strategic imperative for companies. Their expertise
spans critical areas such as strategic decision-making, risk management, and
adaptability to change, all of which are indispensable in a VUCA world.
Moreover, the PMP certification reflects a commitment to career-long learning
and professional development, which equips them to stay ahead of trends.
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