The latest Earning Power: Project Management Salary Survey reveals that practitioners with the Project Management Professional (PMP)® certification have a significant advantage in terms of earning potentialGlobally, survey respondents with the PMP certification reported 22 percent higher median salaries than those without a PMP certification. This was the global average for the 42 countries surveyed. This year, the report covers five new countries — Indonesia, Pakistan, the Philippines, Portugal, and the Russian Federation.In India, survey respondents reported an advanta ge of 13 percent.The 11th edition of the survey incorporates information from more than 32,000 project management practitioners in 42 countries across the globe. The comprehensive biennial survey offers insight into the value of project management skills, experience, and certifications. It is an industry-leading source of data, giving project management practitioners a greater awareness of their earning potential. It also helps employers, compensation committees, human resource departments, and executive recruiters to better determine salary ranges.“In order to fulfill the growing needs of the project economy, there is an accelerating demand for project management practitioners with the right skills and qualifications,” said PMI President and CEO Sunil Prashara. “This growing demand and interest in project management being a core skill for all enterprises regardless of sector is attracting competitive compensation opportunities. Our salary survey is a crucial tool for organizations seeking to fill project management positions, as well as for individuals competing to qualify for those roles around the world.”Nearly three-quarters of survey participants (72 percent) report that their total compensation, including salary, bonus, and other forms of compensation, increased over the 12 months prior to completing the survey. About one-quarter (28 percent) reported increases of at least five percent over that time period.The countries where project practitioners reported the highest median salaries are Switzerland (US$132,086), the U.S. ($116,000), and Australia (US$101,381). In all countries inc luded in the survey, salary increases when practitioners are tasked with more responsibility. The most dramatic increase is seen in the Philippines, where the median salary increases ranged from US$17,247 for a project manager I to US$24,524 for a project manager II, and US$36,167 for a project mana ger III. PMP certifica tion holders demonstrate the largest salary increases in the Philippines and Indonesia -- where they report a median salary over 80 percent higher than those who do not hold the certification.Click to read more.