Project Management Institute Salary Survey has revealed that certified project managers in Nigeria earned 60 per cent more than their non-certified counterparts.
PMI, this week, released the 13th edition of its Earning Power: Project Management Salary Survey, indicating that survey respondents with Project Management Professional certification earned higher median salaries than those without PMP certification, 33 per cent higher on average across the 21 countries surveyed.
The survey showed that PMP-certified project professionals in Nigeria demonstrated an even greater lift, reporting an increase of 60 per cent in median salary than their non-certified peers.
The Managing Director of 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.”
According to the report, about two-thirds (66 per 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.
Also, the data showed a broad consensus that the PMP certification was 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,” it highlighted.
This latest edition of the biennial publication drew insights from over 20,000 respondents in 21 countries, 78 per cent of whom hold the PMP certification.
Asamani claimed, “Africa’s economic prospects hinge on various elements and strategies and include policy framework, capacity building, infrastructure, 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.”
He added that in a volatile, uncertain, complex, and ambiguous business environment, the hiring of PMP-certified project managers had emerged as a strategic imperative for companies.
Asamani noted that certified project managers’ expertise spanned critical areas such as strategic decision-making, risk management, and adaptability to change, all of which were indispensable in a VUCA world.
“The PMP certification reflects a commitment to career-long learning and professional development, which equips them to stay ahead of trends,” Asamani asserted.
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