As a project manager, you likely want to know how to increase your salary. After all, who doesn't want to make more money? While there are no guarantees when it comes to salaries, there are some things you can do to position yourself for a raise. Here are four ways to increase your project management salary.
1. Ask For A Raise
If you haven't gotten a raise yet, you may want to do your research and ask for your current market value. Look at the pay scale for your position in your field, region, and location to get a good idea of what your skills are worth in the job market.
2. Apply For a New Job
If you've been in the same job for a long time, you may find that others are receiving much higher offers than you're currently making. Even if you're worth twenty or thirty percent more than you're making, your current employer is likely won't give you that high of a raise.
Negotiate your salary with a new employer. Ask them about the salary range of the job. Instead of revealing your current salary, tell the recruiter the range you want based on your research, skills, and experience.
3. Obtain Industry Education
Study the subject you are interested in, such as engineering, finance, or information technology, and then apply project management techniques to that subject. You'll learn industry terminology and become a subject matter expert in the field, which makes it easier to communicate effectively on a team.
The method of obtaining an education is a personal choice and depends on the field you go into. Whether you attend a traditional college or take courses available online through massive open online courses (MOOCs), the goal is to gain valuable knowledge that you can apply in your role. Having a four-year degree may waive 24 months of the experience required if you plan to pursue your PMP certification.
4. Obtain PMP Certification Training
A great way to gain project management skills is to study for the PMP certification. A PMP certification training course will help you develop the following skills that you can use in any industry.
- Conflict Management
- Leadership
- Communication
- Control Costs
- Procurement Management
- Budget Management
- Schedule Management
- Data Analysis
- Risk Analysis
- Risk Management
- Critical Thinking
- Problem-Solving
- Adaptability
Focus on understanding the material to make the skills you're learning stay with you long term. As soon as you learn a new skill, try to get hands-on experience applying the knowledge you learned so it becomes second nature.
Memorization has its place in learning, but if you just cram instead of comprehending the material, you'll quickly forget what you learned. For long-term success, continue to review and practice even after you've earned your certification to keep up with advances in the field of project management. For more information on PMP certification courses, contact a company like Facilitated Methods.
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