As we near to the end of our MBA program I decided to look into several different certifications that are available for PM. I thought it would be beneficial to understand how employers view PM certifications and what benefits they can have on your career. I found several articles that clearly define the benefits of being certified but I also was able to find some disadvantages that one should be mindful of.
Obtaining PM certifications obviously holds benefits. Regardless of what business field you decide to pursue, having PM certification enhances the resume and can open doors to PM positions if you do not already have sufficient experience. Additionally, salaries for those individuals tend to be higher, anywhere from $5,000 to $10,000 annually. Further, the PM certifications and education enables stronger communication skills. Although the certification does not teach communication skills, it does allow for standardized vocabulary and set of best practices. Another benefit of obtaining a PM certification now allows you to be more versatile especially due to the forecasted high demand for PM jobs in the near future.
I was interested to find some disadvantages of getting PM certified. Some of the drawbacks to consider before entering the field of PM is the long hours that are often times required for that role. Additionally the expense of getting certified can be pretty high. Further, passing the PM exam does not necessarily deem you an expert in project management. This simply implies that you have a good grasp on the framework of project management process. Additionally, having to stay PM certified, it is required to earn credits every three years which also have costs associated with attending classes as well as costs to renew your certification every year.
Overall, I believe that the advantages far outweigh the disadvantages of becoming PM certified. However, it is clear to me that if one is to pursue a career in PM, getting certified requires some serious commitment to the role of a PM. However, since the career in PM is so versatile and transferable within different industries, it is in my opinion that it is a desirable skill and is appealing to any employer within any industry. According to Project Management Institute, it is estimated that there will be 6.2 million new jobs from 2010 to 2020. According to the source, the projection is on track. A career in PM is on the rise and it is worth considering the commitment.