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Does CSM Certification Increase Salary?

 

Certified Scrum masters are in great demand these days. CSM certification is a great way to earn a maximum salary compared to other certification courses. These days, bigger companies prefer to hire individuals with CSM certification as they can perform multiple roles to achieve business goals faster. This is the reason CSM holders earn 40% more than other individuals. But how much salary does a CSM certification holder get? Stay tuned to get the brief about the CSM course and how much compensation you can expect after having CSM certification.

What is a Certified Scrum Master?

Scrum is a methodology that enables people to work professionally and creatively to create products with the best potential value while addressing complex adaptive issues. The role of “Scrum Master” is to support and promote ScrumScrum. Scrum Masters accomplish this by assisting everyone in comprehending the principles, procedures, guidelines, and values of ScrumScrum.

For the team members, the Scrum Master serves as a steward. Outsiders to the scrum team can learn which of their encounters with the team are beneficial and which are not with the guidance of the project manager.

What is the CSM Certification Holder’s Average Salary based on expertise?

The average compensation of a scrum master with an entrance qualification and no prior experience with agility is $85,000, with just a standard deviation of $8,000, according to a study by the age of Product. Your annual salary increases as you get more experience after holding CSM certification.

 

Years of Experience Annual Salary of the CSM
0-1 $85,000- $ 91,000
2-4 $91,000- $ 110,000
5-9 $112,000- $125,000
10-19 $125,000- $140,000
20+ $ 140,000+

 

Average Salary of the Certified Scrum Master in Different Countries

Like other sectors, the level of experience and location matters greatly, especially regarding salaries. The average salary of the certified scrum master in different countries is as follows:

Countries Currency Annual Salary of Scrum Master
Canada CAD $ 93,113
United States of America USD $ 112,925
United Kingdom GBP £ 53,542
India INR ₹ 15,72,345
Australia AUD $ 135,866
Europe Euro € 63,228 – 96,521

 

Salary based on Certifications

More certifications from the Scrum Alliance are available as you advance your scrum training. A two-year-old entry-level certification, the CSM, is recognized. You must either renew your membership or choose advanced certification to move on. More qualifications imply more years of expertise and trustworthiness, which translates to more excellent salaries.

  • Certified Scrum Professional-Scrum Master

In addition to improving your facilitating and mentoring abilities for ScrumScrum, this course will also teach you essential leadership techniques like emotional maturity, systems thinking, and lean manufacturing for scaling ScrumScrum. You can test for the Certified Scrum Professional- Scrum master certification after holding the ACSM title for at least two years. Within the US, a CSP-SM makes an average pay of about $135,000.

  • Advance Certified Scrum Master

The A-CSM is an advanced scrum course for those with at least a year of prior scrum experience. With the help of this course, you can develop your basic scrum leadership abilities to better the everyday contextual difficulties of managing a scrum team. Additionally, it will strengthen your profile on the international job market and legitimize your experience. In the US, an ACSM typically earns roughly $120,000 per year.

  • Certified Scrum Trainers

You get to work with Scrum Alliance after getting considerable expertise in managing scrum teams and transformations. The highly sought-after Certified Scrum Trainer accreditation certificate comes next on the scrum master progression path. Certified Scrum Trainers (CSTs) are held in high esteem and earn an average income of $ 150,897. Certified Scrum Trainer Salary is as follows:

Percentage Monthly Pay Annual Pay
Top earners $29,333 $352,000
Average earning $12,238 $146,867
25th Percentile $5,416 $65,000
75th Percentile $13,583 $163,000

 

What Industry Pay Higher Salaries to the Scrum Masters

The IT sector is the primary Scrum user; however, other industries are also starting to use it. Similar to the salaries mentioned above, these specifics can change based on the state of the economy, the level of demand, and other variables. It’s still a respectable selection, though. Also, be aware that the pay between a senior and a junior-level Scrum Master may differ significantly. Scrum may become more widespread across sectors as long as it continues to produce positive outcomes.

  • Product development (light manufacturing, heavy industry)
  • Financial services (insurance, investment firms, retirement planning)
  • Construction (contractors)
  • Consulting firms
  • Advertising and marketing
  • Government offices
  • Disrupters (Airbnb, Uber

The financial industry rules the field regarding compensation, with product owners earning an average of $149K yearly. Product owners earn up to $136K per year in the industrial insurance sector and $125K in the telecoms sector. As indicated by Apple’s project manager positions paying roughly $145K a year, the computing sector, where ScrumScrum originated, has comparable high compensation.

Different Pathways to Start Your Career as Scrum Master

Here are some of the best pathways you can choose to build a successful career.

  • Mentor

Mentors provide Scrum Master training to others. Consider becoming a trainer if you have mastered the scrum process and gained some time as a Scrum Master. Since bigger companies and organizations typically have several scrum teams, they will also require multiple Scrum Masters.

  • Scrum Agile Coach

Agile coaches facilitate Scrum and Agile implementation. Think of it as a more specialized, narrowly focused Scrum Master.

  • Scrum Manager

You may even completely leave ScrumScrum and apply for a managerial post. After all, a successful manager has a solid grasp of the company and knows how to lead others. A previous Scrum Master is the ideal candidate to do these tasks.

There are more options; your creativity and aspirations are your only constraints. The Scrum Master who chose to transfer on would be most suited to any career that calls for communication skills, management, and some level of technical knowledge.

Bottom Line

Whether you are a project manager, product owner, entrepreneur, or even a non-IT professional, ScrumScrum is the most fulfilling path to high-value leadership and excellence. So, starting your career as a scrum master is the best thing right now for your growth. In addition to this, you can attend the Agile Scrum Master certification course to increase your salary.

 

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