Project managers are among the most in-demand experts in the corporate and IT sectors. Over 15 million project management jobs were available worldwide in 2020, and more are added annually. Companies in various sectors seek project managers with the qualifications and experience to promote value and expansion at the corporate level CAPM Certification.
The Project Management Institute (PMI) offers two crucial certifications: the PMP (Project Management Professional) and the CAPM (Certified Associate in Project Management). These CAPM Certification aim to enhance a candidate’s credibility and provide professionals with opportunities to oversee significant projects, develop their skills, and advance their careers.
What is CAPM Certification?
The CAPM certification, offered by PMI, is an entry-level credential designed for professionals eager to delve into project management and broaden their perspectives. This certification equips candidates with proficiency in various areas, including concepts, terminologies, and managerial procedures. The CAPM exam is based on the sixth edition of the PMBOK Guide, although the 7th edition is now available. Experts recommend using the PMBOK 6th edition as a study guide for the CAPM certification exam.
Is It Worth It to Get the CAPM Certification?
Many professionals hesitate to switch fields and pursue new career paths. Since the CAPM is a fundamental-level certification, some wonder if obtaining it is worthwhile or if another field might be a better pursuit.
There are two primary reasons people choose to get a professional certification: for higher-paying jobs and career advancement, and for the associated pay raise. Understanding the benefits of obtaining this certification is crucial before deciding to pursue it.
Advantages of CAPM Certification
Regardless of the industry, project managers are vital components of organizations worldwide. Obtaining a CAPM certification opens several opportunities for you. Some primary advantages of this credential include:
- Improved Employment Opportunities: The demand for project managers with the necessary training and skills is rising in nearly every industry. Obtaining this certification enhances your value as a candidate and opens up more favorable job prospects.
- Professional and Personal Development: CAPM-certified individuals find it easier to advance their careers and improve themselves. The learning path and training program for the CAPM credential help candidates become competent and self-assured in their abilities, including recognizing market trends and managing challenging clients and projects.
- Greater Payment Opportunities: Candidates with CAPM accreditation can expect an average salary increase of 25%. The exact pay increase depends on the candidate’s skills, industry, experience, and location, but the certification undeniably enhances your resume.
Salary and Job Scope of CAPM Certification
Obtaining a CAPM certification equips you with the skills needed for entry-level project management roles such as associate manager, junior project manager, and project coordinator. The field of project management is expanding rapidly, with a significant demand for project managers. According to Burning Glass Technologies, over 280,000 entry-level project management jobs were posted between March 2019 and February 2020. Additionally, job postings for project managers increased by 51% from 2017 to 2019, with certified candidates earning 21% more than their non-certified counterparts.
A 2021 PMI assessment estimated that 25 million project managers would be needed worldwide by 2030. As of February 2022, the average annual compensation for a project manager in the United States was $67,911.
Here are some other career roles and their corresponding salaries for CAPM-certified professionals:
- Project Manager: $67,911 PA
- Project Analyst: $64,501 PA
- Project Coordinator: $52,014 PA
- Project Control Specialist: $74,645 PA
- Junior Project Manager: $63,582 PA
- Associate Project Manager: $60,278 PA
Salary by Country
CAPM-certified professionals are in high demand in the UK, Australia, USA, Canada, and India. The pay scales for CAPM specialists in these countries are as follows:
- USA: USD 60,000-126,000
- UK: GBP 58,000-109,000
- Australia: AUD 80,000-152,000
- Canada: CAD 30,000-60,000
- India: INR 5,47,000-20,00,000
Who Can Take the CAPM Exam?
The CAPM certification aims to certify the competence of beginners in project management. To take the CAPM certification exam, you should:
- Wish to pursue a career in project management.
- Need more experience to better manage projects.
- Be preparing for the PMP exam.
- Plan to obtain the PMP certification eventually.
Final Thoughts
Project management is a growing field with numerous opportunities for those equipped with the right skills and certifications. The CAPM certification is an excellent starting point for anyone looking to establish or advance their career in project management. Enrolling in a CAPM certification training can help you make the most of your profession and open doors to new and exciting opportunities.