PMP, or the Project Management Professional Certification, is a highly regarded professional qualification for project managers worldwide. The Project Management Institute (PMI) certifies candidates as PMPs. The PMP certification proves that an individual with a PMP credential has verified experience, educational qualifications, skills required, and competency required to lead and execute projects. Since the PMP is such a prestigious certification, its fee is just a starting investment! The benefits are multifold. In this blog, we will look at the PMP certification fees and their structure in USD and INR.
What Does The PMP Certification Demonstrate?
PMP is the most desirable qualification for project managers worldwide today. With its credentials, criteria, and suggestions, PMI has added value to the careers of over three million people worldwide. In addition, PMP certification has become a necessity for many jobs worldwide. But PMP aspirants still have the question: Is PMP Certification worth it? And to that, we say yes!
The PMI-issued PMP certification validates your project management skills and abilities. It demonstrates your understanding of the most recent principles, procedures, and practices. PMP demonstrates your excellent grasp of project management practices, scheduling, Agile, business, and leadership management. Moroever, as per PMI’s Salary Survey PMP-certified professionals earn 33% more than their non-certified peers!
Obtaining the Project Management Professional credential is a great method to boost your career prospects. It unlocks multiple doors to higher-paying positions in healthcare, finance, Technology, and other industries. According to reports, PMP-certified professionals earn significantly more than their non-certified peers. In addition, a PMP certification expands your skill set and verifies your leadership experience. Thus, the PMP certification is among the most well-known credentials awarded by the Project Management Institute.
Convinced that it is worth the shot? Let’s look at the PMP certification fees then!
What Is the PMP Certification Fees Structure?
- PMP Exam Fee: The PMP exam fee is $425 for PMI members and $575 ($595 in the USA) for non-members. Many firms allow their employees to gain professional certifications and education perks, and this amount can be claimed under the same.
- Membership Fee: The PMI membership fee as of 2024 is $149. If you apply for PMI membership at the time of application, you must pay $574 (the sum of the membership fee and the exam fee.) But, if you notice, if you opt for the non-membership route, the fee remains approximately the same. Thus, we advise you to subscribe to PMI membership, for additional perks – such as community access, further discounts, and more.
- PMP Application Fee: PMP aspirants must pay an additional $10 as an application fee as well.
- Re-examination Fee: PMI offers 3 attempts to pass the PMP exam, in a 12-year period. If applicants fail to qualify the first time, they can apply the next time for $275 as PMI members. Non-members need to pay $375 for the subsequent reexamination attempts
What Is The PMP Certification Fees In India?
Depending on where a candidate registers, the full cost including the PMP certification fees totals between ₹ 25,000 and ₹ 3,00,000. The PMP examination costs $405 for PMI members and $655 for non-members. The PMI membership cost in India is ₹9,840 as of 2024. We highly recommend subscribing to PMI membership to make paying for the PMP course price more convenient.
The application fee for PMP is ₹772. Moreover, the PMP Re-examination Fees in India is ₹15,929 for PMI members and ₹28,961 for non-members.
Some additional costs besides the PMP certification fees include study materials such as textbooks, practice tests, and sample exams. Depending on the institute, the cost of study materials can be as low as ₹5,000 and as high as ₹10,000.
Let’s go through the PMP Certification cost for renewal.
What is the PMP Certification Renewal Fee?
The PMP certification fees to earn 60 PDUs vary from place to place, ranging from $300 to $5,000. You can also earn PDUs for free by attending webinars or through guided courses. After PMI verifies that a candidate has satisfied the PDU requirements, they will receive an electronic reminder to submit for PMP fee renewal.
After receiving the notification, the PMI requests that the renewal PMP certification fees be paid through the online certification system.
Costs of PMI Membership CCR Renewal Fee:
- PMI member – $60
- Non-PMI member – $150
One needs to remember that the PMI membership renewal charge differs from the PMP certification renewal fee in India. After completing the PDU requirements, a candidate can finish the renewal procedure at any time within their cycle by submitting payment within 90 days of the cycle end date.
After processing the completed application and receipt of the PMP certification renewal fee, PMI will give the candidate a certificate with the new active certification/CCR cycle dates. The typically required time for mail delivery of the documents is six to eight weeks.
PMP-certification holders must agree to abide by the terms of service, including adherence to audit standards. The applicant can recertify if they pass all audit requirements if a certification audit is necessary.
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Process
The PMI will randomly pick a subset of PMI-certified professionals for the auditing procedure. During this time, candidates must provide documentation to verify their PDUs.Thus, a candidate must preserve all PDU-related documentation for at least 18 months beyond the conclusion of the CCR cycle.
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The Cancellation of Certificates
Candidate has the right to revoke their certification whenever they want. On receipt of the application form, PMI will reimburse one-third of the PMP certification renewal fee for each full year of the candidate’s renewed certification/CCR cycle that has yet to be utilized following the date of the written cancellation request.
PMP Certification Mumbai fees
The PMI has established PMP certification fees that are uniform throughout the world. However, pricing can vary by country. The costs of earning certification include exam fees, training fees, study materials, and the mock test simulator. PMP Certification Mumbai fees are $655 for non-members and $405 for PMI members. Candidates applying for PMP certification in Mumbai are charged the above fees accordingly.
PMP Certification Fees in Chennai
The price of earning your PMP certification in Chennai can deviate between ₹ 30,000 and ₹ 80,000 on average. The price of PMP training in Chennai varies greatly from one instructor to the next and from one set of materials to another. However, the typical cost of PMP training in Chennai ranges from INR ₹15,000 to ₹30,000. In addition, the PMP certification fee in India at ProThoughts in Chennai is only ₹ 11,999, significantly less than comparable courses on the market. This includes your training costs and study materials investments for PMP certification in Chennai, etc. For PMP certification fees in Chennai, you must pay a membership fee of ₹9,840 plus a one-time application charge of ₹772 per year.
PMP Certification Fees in Bangalore
Applicants who obtained their PMP in Bangalore are given three chances to pass the test in a calendar year. One can get the training needed to ace the PMP exam this PMP Certification in Bangalore.
Following passing the PMP examination, your certification will be ready in four to six weeks in Bangalore. Participants in the Bangalore PMP course report feeling well-prepared for the certification exam as a result. Once certified, ProThoughts PMP program graduates in Bangalore will have more job opportunities and higher market worth.
PMP Certification Fees in Pune
The field of Project Manager as an occupation is one of the rapidly growing occupations in many fields. By 2027, 88 million people will need to have skills related to project management because of the exploding demand for project managers. The research found that members for PMP certification in Pune receive 35% more than their non-certified peers.
Those with a Project Management Professional (PMP) certification in Pune will have greater employment opportunities with large organizations. ProThoughts is a prominent institution for educational services in Pune. One may rely on us for assistance at every stage of the PMP certification process they need. You can count on help at every turn while you fill out forms and study for exams.
Is there a return policy for PMP certification fees?
You may request a refund of the PMP certification fee if you have already paid the fee in full and would like a refund. You must submit a refund request to the Project Management Institute at least 30 days before the exam eligibility date ends for the refund to be processed. If you still need to schedule or take the exam, PMI will deduct about ₹8000 as a processing charge. As soon as the reimbursement is finalized, the application will be closed and the eligibility window will no longer be in effect.
The Bottom Line
The PMP certification is definitely a worthwhile investment if you wish to upgrade your project management career. This certification is for a lifetime, and its continuing learning requirement makes it more credible than ever. The PMP certification fees and cost are only the starting investment you need to make. We assure you that the ROI will be worth the time, effort, and money you put in!
Ready to get started? Explore PMP Certification Training by ProThoughts now!
