It should cost no more than a PMP’s average week’s paycheck!
Kudos to all of those project managers and aspiring project managers looking to get certified as a project manager. This one step is so important in your career progression. As I often told my Soldiers in the Army, “winners do what losers won’t”. And if certification were easy, everyone would be certified and then it wouldn’t mean much.
But should getting certified mean taking out what savings you may have accumulated or maxing out your credit card? The answer should be no!
Google “PMP boot camp near me” and you will see a wide fluctuation of prices. From very expensive to relatively very inexpensive. Both ends of the spectrum should raise a red flag.
Some are north of $2,500 while some are as low as $500. But just like anything in life, the bell curve should apply.
So what goes into the cost of these? For those training companies that are international (normally from India or Pakistan), their prices are usually at the very low end or very expensive, depending on the market.
On the low end, they are selling pre-recorded boot camps which are very ineffective for preparing for the exam. On the more expensive side, they are hiring instructors at the lowest bid, which means you are still paying a lot, but the instructors are usually rookies or desperate while making the company is making a hefty profit. And they are notorious for cancelling classes due to not enough students to sustain a hefty profit margin. Sad but true.
For international and national companies that are reputable, you will definitely pay a hefty price. National companies hire freelance instructors to teach their courses which is very expensive.
These companies also tend to rent temporary space which is expensive as well. Some of these companies are not very good while others are. Many of these companies are forced to cancel or shuffle classes around if they do not have at least five students to cover the cost of the expenses. This is an unfortunate reality.
Some classes you will find are online, yet cost even more than in-class classes. This is nuts as the overhead is way lower for these types of classes.
Avoid paying more for live online formats than those that are in-class as this is a money making ploy to teach large impersonal classes for a lot of profit. Profit is not bad, but profit at the expense of quality is wrong.
Online courses that are ran well can be good, especially if you are in a remote location and do not have the option of in-class environments. But nothing beats in-class training. (Read “What Type of Project Management Training is Best for the PMP® Certification Exam?”)
What should be a win-win is a local project management training company such as PMCertDC. Why? If they are truly local, then the overhead costs are lower. They never cancel classes as they have a reputation to uphold locally. Typically the owner or a direct employee is the trainer. (Read “6 Reasons to Choose a Local PMP Boot camp Provider”)
Additionally, local providers like PMCertDC hold online classes at the same time and location as in-class. This way, the online learner is interacting remotely with real in-class students as well as other online learners.
So what is the answer to “how much you should pay for PMP boot camp”?
For in-class boot camps, the price to run a solid boot camp with great instruction, classes that are guaranteed to run, all course curriculum (including a textbook or a copy of the PMBOK- not just slides), and real study tools to include good online exam simulators, then the price should be between $999 and $1,899.
For online boot camps, I would say that the regular price should be no less than $899 and no more than their in-class prices ($1,899). Like in-class boot camps, the price should include great instruction, classes that are guaranteed to run, all course curriculum (including an actual textbook or a copy of the PMBOK- not just slides), and real study tools to include good online exam simulators. Read “What is the Best PMP Exam Simulator on the market?”)
If you stay within these price points, you know you are getting a local provider (in our opinion the best) and at a fair price for all. This allows the students to cap their costs while generating a decent operating income for the training company.
Nathan J. Kerr, MS, PMP is the co-owner and founder of PMCertDC – Washington D.C.’s metro area premier project management boot camp provider. With our primary location in Tysons, Virginia, we hold classes throughout the Washington D.C. metro area and anywhere online.
We are a proud Service-Disabled Veteran-Owned Small Business with a huge impact on the project management world. Visit us at https://pmcertdc.com
Read why PMCertDC is awesome here!