Why not? As a prospective job candidate or as a employee seeking promotion, how long do you want to be making excuses for not having the CAPM or PMP certifications? Besides, you might not even get the opportunity to explain your strengths and experiences if the prospective employer or manager is filtering candidates based on having or not having certification.
Most employee compensation surveys report that certified project managers enjoy significantly higher salaries compared to their uncertified counterparts. The Project Management Institute (PMI) reports that certified project managers earn 20% more than their un-certified counterparts.1 The median salary for certificate holders in the U.S. was $108,200 in 2015. More specifically, PMI reports that non-certified project managers earn $91,000 and new PMP certificate holders earn $111,000 and as much as an average of $124,000 with 10 or more years of project management experience.
And if you are working for the U.S. government, a contractor, or a company that is nationally competitive, you will find PMP certification increasingly in demand. While it has been important for years, especially in the U.S. Department of Defense, in December 2016 the U.S. enacted Program Management Improvement and Accountability Act of 2015 (PMIAA, Public Law 114-264 or 31 USC 501).2 This law calls for enhance accountability and best practices in project and program management throughout the entire federal government. This means, as a practical matter, that the value of PMP certification, of the professional development and achievement it represents, will increase.