WHAT ARE THE JOB OPPORTUNITIES FOR A PROJECT MANAGER?

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WHAT ARE THE JOB OPPORTUNITIES FOR A PROJECT MANAGER?

WHAT ARE THE JOB OPPORTUNITIES FOR A PROJECT MANAGER?
  25 September, 2020   Dr. Preeti Adhav

People who are highly organized, good at multitasking, and can lead others often succeed as project managers. Project manager jobs can give a great push to one's career. A survey conducted by the Project Management Institute (PMI) showed a higher median salary of Project Management Professional (PMP) certified professionals in comparison to non-certified professionals. Project manager certification showed a hike in earning potential by 22% across the 42 surveyed countries.

What does a project manager do?

How does a project manager add benefits to the organization and value to the customer? As the name indicates a project manager oversees specific projects and manages professionals in different fields. A project manager job oversees the following processes:

  • Defining the goals and objectives of the project
  • Creating deadlines for every task on the project
  •  Determining how the resources must be allocated
  • Monitoring and controlling the quality of the work

How to become a project manager?

It is extremely necessary to equip oneself with the knowledge and skills to deliver projects successfully. There are several tools and techniques to enhance one’s performance as a project manager and learn the global best practices. They are

·Gather more information by looking up into project management blogs

·Improve and work on your project management skills

·Give importance and focus on your team management skills

·Understand the project management methodologies

·Start understanding and using project management software

·Get Project Management Certification

IMPORTANCE OF PMP CERTIFICATION

To add credibility to the project management work, the project manager needs to get certified in a globally recognized, highly acclaimed, and most in-demand -Project Management Certification. 

PMP certification is one of the topmost management certifications in the world. It opens a wide range of opportunities for professionals around the globe. Job opportunities after PMP certification increases as the employers sifting through the resumes notice the amount of commitment and seriousness the professionals have for the job. It can be a difference-maker in the ever-growing project management job market where you always need an exclusive skillset.

The demand for a skilled project manager is ever-increasing around the world. The knowledge, experience, and skills required to contribute effectively to a project team's success can be gained from PMP certification which is accepted worldwide. Reasons for getting a PMP certification are:

  • It recognizes your project management skills, abilities, and knowledge
  • It reflects your achievement
  • It leads to increased earning potential
  •   It provides better career opportunities and advancements
  • It gets you better recognition among your employers
  • It gives you a competitive advantage in the job market

PRE-REQUISITES FOR PMP CERTIFICATION

Getting a PMP certification is valuable because it requires sheer commitment. Project manager qualification to get the PMP certification as given by PMI, USA is:

· A four-year degree

·36 months of leading projects

·35 hours of project management education/training or CAPM certification

  Or

·A high school diploma or an associate degree (global equivalent)

·60 months of leading projects

·35 hours of project management education/training or CAPM certification

PROJECT MANAGER JOBS

jobs for project manager

According to the reports, India will be the second-largest producer of project management jobs by 2027. Project manager jobs in India are gaining rapid significance due to the higher earning potential and global recognition. The job opportunities are available in various fields including healthcare, pharmaceuticals, software development, information technology (IT), marketing, consulting, construction, banking, education, oil and gas, etc.

In a report by PMI, USA (Talent Gap: Project Management through 2020), it is projected that there will be 15.7 million project management roles created by 2020. This is the time for any professional or a job seeker to gain the project management skills as this profession is expected to grow by US$6.61 trillion. In 10 countries including India, the project management roles are expected to grow by 13.4 million by 2020.

Project managers in construction require a multitude number of skills as they are no stranger to the risks involved in this industry. Every construction project is highly structured with the budget ranging from millions to trillions of dollars. Effectively managing the consequences from planning an unexpected delay to mitigating the risks along with good communication skills will provide the construction project manager benefits in the long run.

The Project Management Institute (PMI), USA has developed the construction extension to Project Management Body of Knowledge (PMBOK) guide, which is a standard, that has processes extending from initiation to closing a project.

PROJECT MANAGER SALARY

The 10th edition of PMI's Project Management Salary Survey gives an insight into 33,000 respondents in over 37 countries. There is an added advantage for people with PMP certification in their median salary. The salary of PMP certified professionals in the USA was 25% higher than the non-certified professional, which is averaged to about $115,000 v/s $92,000 annually.

The global demand for project management skills is increasing with rapid progression as it promises an increase in the earning potential. The PMI's report on Earning Power: Project management Salary Survey, 11th Edition 2020 gives a thorough view of the earning potentials of project managers across 42 countries which showed a 22% increase in the salary which is averaged to about $120,000 v/s 95,000 annually.

PROJECT MANAGER SALARY IN INDIA

If you are constantly willing to update yourself and possess the required skillset then your career as a project manager will see only the upward and ascending growth. There is a direct and indirect relationship between your skills and how updated you are to the project management salary in India.

With the global growth of the job market, there is an immense creation of new project management job opportunities with a highly competitive pay scale. In a report by Glassdoor, on average a project manager earns up to 14,00,000 rupees annually in India.

A Survey conducted by indeed.com projected that an average salary of a project manager in India is around 32,789 rupees per month. PMP salary in India depends on the sector as well. For example, an IT project manager of a large firm earns nearly 15,00,000 rupees annually according to PayScale.

 

CONCLUSION

Project Management is a strongly distinguished field and there no way that its demand and popularity will decrease in the coming times. With every industry generating innovative ideas to stay ahead in the market, a project manager who can turn an idea into successful reality is needed more than ever.

Research indicates that the hiring managers will need to fill up the project-oriented roles which will require skilled project managers. A certification in project management will not only take one's career to another level but he/ she will be an astonishing asset to the organization as well.

Read here the things you should definitely know before going for PMP certification Exam.