How hard is the PMP exam? The PMP exam is known for being hard, but PMI doesn’t disclose specific statistics about the passing score or failure rate. Some project expert surveys estimate the failure rate at around 40-50%, meaning only about half of the first-time test takers pass the PMP exam.
Is PMP equivalent to Masters? A PMP is superior to a Masters in Project Management. A PMP represents at least 7,500 hours of actual experience leading and directing projects, as well as an objectively assessed degree of theoretical knowledge. In contrast, a Masters in Project Management is almost purely theoretical knowledge.
Is a PMP certification worth it? Is this certification worth it? YES, according to statistics from the PMI itself, a certified PMP could experience a 20% paycheck increase. That is also my personal experience when I got certified. Other project managers have also admitted that the ROI you get after getting a PMP certification makes it worthwhile.
Is PMP better than MBA? An MBA is a more prestigious and recognizable degree than a PMP certificate, making it a better choice for those who want to pursue a high-level career in the business industry. An MBA graduate can gain knowledge on many aspects of business administration, which can make it easier to change their career trajectory.