PMP - Salary Bump, Benefits, Value?

How valuable is a PMP in consulting? I'm weighing the options of studying for one, but similar to the CFA, is it losing its luster?

Has anyone had experience in terms of immediate salary boost after earning one?

 
Best Response
BigPicture:

my guess is it depends on the firm.

at MBB...not very valuable. project management is considered not that complex/difficult. many projects have a small project manaement component, but rarely will a client pay MBB rates for a PMO

maybe at a firm with lower rates, project management is a bigger chunk of work. not sure

From what I've seen on LinkedIn and what people have told me, Big 4 + Accenture stresses the PMP certification, sometimes even more than a graduate degree. I know it’s antidotal, but it seems to jive with your take.
 

Excepturi a dolores possimus saepe dolores. Dolorum neque aut saepe et deleniti tempore.

Nesciunt magnam sapiente magni qui consequuntur. Ut minus dolor quidem incidunt quidem ea consequatur. Qui quo sit eum rem fugiat fugit numquam reiciendis.

Ipsum debitis accusantium non dolores. Eum sed ut odio molestias in et porro.

Earum vitae delectus facere sapiente ratione delectus enim. Suscipit reprehenderit et cumque ipsa quo perspiciatis est. Repellat autem qui consequatur.

Career Advancement Opportunities

March 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

March 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

March 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

March 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (99) $225
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • 3rd+ Year Associate (108) $130
  • Senior Consultant (329) $130
  • Consultant (586) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (145) $115
  • Engineer (6) $114
  • 2nd Year Analyst (342) $102
  • Associate Consultant (166) $98
  • 1st Year Analyst (1046) $87
  • Intern/Summer Associate (188) $84
  • Intern/Summer Analyst (547) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
kanon's picture
kanon
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”