PMP^® Certification Holders Earn 33% Higher Median Salary Than Non-PMP Certified Professionals According to PMI Salary Survey, Further Raising the Appeal of Pursuing Professional Certifications

PHILADELPHIA–(BUSINESS WIRE)–#PMI—Project Management Institute (PMI) today released the 13th edition of its “Earning Power: Project Management Salary Survey,” which reveals the global project management salary landscape and highlights the importance of continuous education and skill building to stay ahead in today’s job market.

According to the survey, respondents holding the Project Management Professional (PMP)^® certification reported higher median salaries than project management practitioners without a PMP certification – 33% higher on average across the 21 countries surveyed. This report is a useful resource for professionals applying for project management roles and organizations seeking to fill them as it helps define the earning power of project professionals around the world.

About two-thirds (66%) of the survey participants reported that their total compensation (including salary, bonus, and other cash incentives) increased over the 12 months before completing the survey. The data also shows a broad consensus that the PMP certification is valuable not only for salary growth but also for career development. For example, in the United States, 55% of practitioners agreed that their PMP certification has been extremely valuable to their career development. To further demonstrate these points, in this video, PMP certification holders discuss the financial benefits they have realized through earning their certifications.

The survey data shows that the median salary of project professionals varies considerably from country to country and across variables. Salary information has been converted to U.S. dollars using normal exchange rates:

• The countries where project practitioners report the highest median salaries are the United States (US$120,000), Australia (US$103,789), Germany (US$99,512), United Kingdom (US$87,993), and Singapore (US$79,464).
• Salary increases with higher positions in virtually all countries, but the rate of increase varies significantly. The most dramatic increases are seen in Saudi Arabia, South Africa, and The United Arab Emirates, where respondents demonstrated increases of more than 60 percent in median salary from project manager I to project manager III.
• There appears to be a connection between salary and the size of projects managed, where most countries demonstrate higher median salaries among practitioners managing larger projects. For example, in Brazil, the median salary is reported to be US$26,507 when the project budget is less than US$100,000 and US$48,121 when the project budget is greater than US$10 million.

While there can be a monetary advantage to earning the PMP certification, there are other benefits, including the fact that certified project professionals are in significant demand across industries and geographies, and hiring managers are recognizing the value of industry certifications and skills-based hiring. Additionally, earning the PMP certification proves professionals have the skills needed for project success, which helps them break into an industry they are passionate about, empowering them to build a career around their passion. Maintaining the PMP certification proves professionals’ commitment to continuous learning, which is especially important as emerging technologies are becoming part of everyday business.

“This reported increase in compensation is a true recognition of the impact PMP-certified project professionals deliver in their daily work. Organizations are relying on project teams to make strategic priorities happen, and project managers are being rewarded for the pivotal skills they offer,” said Pierre Le Manh, PMP, President & Chief Executive Officer at PMI. “Earning potential is a major factor when making career choices, and organizations across the world acknowledge the depth of knowledge and expertise that PMP-certified project managers bring to the table. Becoming part of this globally recognized PMP-certified cohort sets you apart.”

A global summary report and interactive salary tool are available here. PMI members can access a more comprehensive report featuring annualized salary information for the 21 countries surveyed.

About the Report

PMI’s biennial report, “Earning Power: Project Management Salary Survey,” is an industry-leading source of data for both project practitioners and organizations who want to stay current with the salary landscape for today’s project professionals. The report is based on self-reported salary information fielded between March and April 2023 from more than 20,000 project management practitioners, bringing accuracy to the salary figures. The stratified random sampling methodology used for this study results in the ability to report meaningful compensation data for 21 countries.

About Project Management Institute (PMI)

PMI is the leading authority in project management, committed to advancing the project management profession to positively impact project success. We empower professionals to excel in project management practices through our growing global community, knowledge sharing, and best-in-class certifications—driving positive change in organizations and communities. Since 1969, our unwavering mission has been to advocate for the profession by offering life-long learning and connections to sharpen high-demand skills. Today, PMI provides professionals at every stage of their career journey with the globally recognized standards, online courses, thought leadership, events, and tools they need to succeed. With more than 300 chapters around the world, PMI members can network, find mentors, access career opportunities, and learn from peers, working together to drive greater impact. Visit us at: www.PMI.org, linkedin.com/company/projectmanagementinstitute, facebook.com/PMInstitute, and on X @PMInstitute.

Project Management Institute, PMI, and BRIGHTLINE are registered trademarks of Project Management Institute, Inc. All other trademarks are the property of their respective owners.

Contacts

Amanda DeFuria
Regional Communications Lead, PMI

Amanda.DeFuria@pmi.org

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–LoanSpace, the modern command center for commercial credit powering billions in assets on behalf of commercial lenders, servicers, borrowers, and brokers, today announced its selection by ArrowMark Partners for commercial real estate credit portfolio management technology. Through the partnership, ArrowMark’s origination, servicing, asset management, and investment management teams will gain access to LoanSpace’s platform to organize data to help manage, optimize, and grow their commercial real estate credit portfolios using technology for:

• Servicing teams to streamline onboarding, billing, collections, remittance, oversight and compliance.
• Asset Management teams to manage risk with transparency into asset level performance, business plan variance, financial covenants, and reforecasting.
• Investment Management teams to deploy capital more effectively with enhanced analysis, insight, decisioning, and investor reporting.

“LoanSpace’s technology opens up an unprecedented opportunity to unlock scale and enhance returns across our commercial real estate credit portfolio,” said Kirk Reid, Chief Operations and Technology Officer at ArrowMark Partners. “With a unified golden record of our data, operations, and relationships, LoanSpace positions us to grow exponentially via automation rather than linearly via hiring.”

“Our industry has waited decades for a simple, intuitive, all-in-one data warehouse and portfolio command center to help us have real information we can convert to knowledge and action at our fingertips as well as free us from the manual burden of email and Excel,” said Jack Cohen, Head of Origination at ArrowMark Partners and former CEO of Cohen Financial, which grew from $200 million to $35 billion of loan servicing during his tenure as CEO. “Finally, the right team, the right technology, and the right portfolio have come together.”

“Empowering our investment programs across commercial real estate credit with enhanced data, transparency, and insight is an immediate benefit to all of our clients and investors,” said Matthew Michalovsky, Head of Commercial Real Estate Investment at ArrowMark Partners. “Superior investment performance and risk management driven by technology is a major differentiator.”

“ArrowMark Partners is an ideal commercial lender to deepen LoanSpace’s track record in commercial real estate credit technology,” said Maxwell Ellerhorst, President at LoanSpace. “With a robust portfolio representing almost $2 billion of commercial real estate credit on behalf of premier institutional capital partners, ArrowMark Partners is unique in its understanding and readiness to excel using technology. We could not be more excited to demonstrate net new recurring return generated by LoanSpace.”

About ArrowMark Partners

ArrowMark Partners is an employee-owned investment management firm founded in 2007. Today, ArrowMark manages $22.5 billion in assets on behalf of a broad array of institutional clients and professional asset allocators across public and private equity, structured credit, and commercial real estate finance investment strategies, as well as through the management of broadly syndicated and middle-market CLO funds. Our unique approach, based on the team’s collective experience navigating market cycles, provides extensive insights across the capital structure and a skilled understanding of how to manage complex risk/reward tradeoffs through fundamental research.

To learn more about ArrowMark Partners, visit https://arrowmarkpartners.com.

About LoanSpace

Founded in 2020 and headquartered in Newport Beach, California, LoanSpace is the modern command center for commercial credit powering billions in assets on behalf of commercial lenders, servicers, borrowers, and brokers who use the platform to digitally manage, optimize, and grow their commercial credit portfolio.

To learn more about LoanSpace, visit https://loanspace.com.

Contacts

Maxwell Ellerhorst

President

maxwell.ellerhorst@loanspace.com

TORONTO–(BUSINESS WIRE)–Dream Unlimited Corp. (TSX: DRM) (“Dream”) will be releasing its financial results for the quarter ended September 30, 2023, on Tuesday, November 14, 2023.

Senior management will be hosting a conference call to discuss the financial results. Participants may join the conference call by audio or webcast.

Conference Call:
Date:		Wednesday, November 15, 2023 at 2:00 p.m. (ET)
Audio:		1-800-319-4610 (toll free)
		416-915-3239 (toll)
Webcast:		A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the Calendar of Events on the News and Events page on Dream’s website at www.dream.ca and click on the link for the webcast.
Digital Replay:		A taped replay of the call will be available for ninety (90) days. For access details, please click on the Calendar of Events on Dream’s website.

About Dream

Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $24 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land, residential and income generating assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. For more information, please visit our website at: www.dream.ca.

Contacts

Deb Starkman
Chief Financial Officer

(416) 365-4124

dstarkman@dream.ca

Kim Lefever
Director, Investor Relations

(416) 365-6339

klefever@dream.ca