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Project management is considered a lucrative career choice, with the average project manager salary exceeding $75,000 per year as per the Glassdoor survey. Additionally, project management would be able to open doors to exciting and engaging work in various industries. It would be no wonder many aspiring project managers would be looking to advance their careers by obtaining project management certification. However, deciphering the differences and making an informed decision when comparing the PMP and the CAPM could be a bit difficult. If you are willing to achieve any of the two certifications, you should opt for the
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Let us explore the differences between the two and help you decide whether the CAPM or PMP would be the right choice for you.
PMP vs. CAPM: What's the Difference?
The high-level difference between the PMP and CAPM certifications would be that the CAPM is associate-level, and the PMP is professional-level.
What is the PMP exam?
The
PMP certification is believed to be the gold standard when it comes to project management certifications. The PMP exam would also be considered to be one of the toughest. It would be trailing only the Cisco Certified Internetwork Expert (CCIE) on our list for 10 Most Difficult IT Certifications. The exam is considered to be about four hours, consists of 200 multiple-choice questions, and would be based on the concepts and principles in the Project Management Body of Knowledge (PMBOK) Guide. The PMP goes beyond simple memorization of topics and concepts and actually would be testing your ability to apply knowledge.
Here are the details on the PMP exam cost, prerequisites, as well as recertification:
PMP exam Costs about USD 405 for PMI members and USD 555 for non-members. PMP exam Prerequisites: The candidates should achieve High-school diploma or associate's degree (or equivalent), 7,500 project experience, as well as 35 hours of education in project management OR bachelor's degree (or equivalent 4-year degree), 4,500 project experience, & 35 hours of education in project management.
What is the CAPM exam like?
Like the PMP, the CAPM is also based on the PMBOK. However, the CAPM is considered to be less focused on applied knowledge as well as it is focused more on understanding the concepts as well as principles. Worded differently, if you get contented with the PMBOK content, you could have a good chance at clearing the CAPM. The CAPM is consisting of about 3-hours long and composed of 150 multiple-choice questions.
While the CAPM exam is considered relatively easier than the PMP, it isn't believed to be a cakewalk. CAPM also cracked the list of 10 Most Difficult IT Certifications. CAPM's consensus is considered to be more difficult than other entry-level project management certifications such as CompTIA Project+ or ITIL Foundation. Never underestimate the CAPM. Additionally, to mastering the content in the PMBOK, a good study-guide, as well as an online course, could go a long way.
Here are the details on the CAPM exam cost, prerequisites, as well as recertification:
CAPM exam would Cost about USD 225 for PMI members and USD 300 for non-members. CAPM exam Prerequisites: The candidates should achieve a High-school diploma or associate's degree (or equivalent) and 1,500 project experience OR 23 hours of education in project management.
PMP and CAPM salaries Comparison
Salary takes into account multiple variables, as well as certifications, which are just one of many. According to PayScale, the average salary for a PMP certification holder would earn USD 104,000. At the same time, it pegs that the average salary for a CAPM certification holder would make USD 65,000.
Now that you have obtained the information regarding both the certification, you must be willing to get it. If so,
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