The PMP (Project Management Professional) credential is the most widely recognized certification for project managers globally. But is it still worth going through the rigorous studying, exam fees, and application process to become PMP-certified in Canada heading into 2024? Let’s evaluate the key considerations.
High Demand for Skilled PMs in Canada
First, project management skills are in very high demand within Canada. In recent labor market analysis, project manager roles top the lists for fastest growing positions across a number of provinces. British Columbia in particular saw over 30% job expansion over 5 years for PM related occupations. This outpaces many other developed nations. Large resource, construction, IT, consulting firms all continue to hire project talent. Earning the PMP shows employers you have real skills to effectively manage projects and balance constraints.
Higher Salaries for PMPs in Canada
Additionally, studies consistently show those with a PMP certification in Canada earn 15-20% higher salaries than those without. The average salary for PMP certified project managers is between $85,000 to $120,000 per year depending on level of responsibility and location. However, salaries in major metros like Toronto and Vancouver tend to sit at the higher ends of that spectrum to match a higher cost of living. Either way, the potential boost in earnings from pursuing the PMP remains substantial across provinces.
PMP Aligns with Canada’s Economic Goals
Moreover, the technical, leadership, and strategic skills gained in preparing for the PMP directly align with Canada’s economic development goals for the coming decade across sectors like construction, IT, natural resources, and more. The country will need qualified managers to oversee these important initiatives. Having the PMP on your resume signals you likely have capacity needed to contribute to key programs and complex projects at scale that require seasoned PMs.
Weighing Costs and Convenience
Finally, while the PMP process involves notable costs between prep materials, the exam fees, and applying for certification, many employers will actually reimburse some or all of these expenses. From an administration standpoint, you can now take the exam from home rather than traveling to distant testing locations – making the process more convenient within Canada.
The Bottom Line
Given positive salary and career advancement potential combined with high employer demand – those established in project management roles will likely continue to find strong value in pursuing the PMP credential within Canada in 2024 and the coming years. Just be strategic in covering any costs and carve out adequate study time for exam preparation. Good luck with your PMP exam prep in the Canada hunt.