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PSM Certification Cost in 2024 [Updated]

psm certification cost
Certifications are invaluable assets in today’s competitive job market. They validate your skills, boost your resume, and open doors to new career opportunities. Professional Scrum Master (PSM) certifications are among the most sought-after credentials in the field of Agile and Scrum.
However, understanding the PSM certification cost structure can sometimes be confusing, especially with the various levels and international pricing differences. In this blog post, we’ll break down the  PSM certification cost by country, providing you with a clear understanding of what to expect.

PSM Certification Cost by Country 

India ₹20,000 – ₹25,000
USA $500 – $1,000
Canada CAD 700 – CAD 1,300
UK £450 – £850
Australia AUD 750 – AUD 1,300

 

PSM Certification Levels

1. PSM I: This entry-level certification assesses your fundamental understanding of Scrum principles and practices.

2. PSM II: Geared towards experienced Scrum Masters, PSM II delves deeper into advanced Scrum techniques and practical application.

3. PSM III: The highest level of PSM certification, PSM III, is designed for experts who demonstrate mastery in the application of Scrum.


PSM Certification Exam Cost By Levels

Certification Level Exam Fee Exam Retake Fee Validity
PSM 1 $150 $150 Lifetime
PSM II $250 $250 Lifetime
PSM III $500 $500 Lifetime

 

Factors Influencing Cost Differences for PSM Certification

1. Economic Discrepancies:
The variation in certification costs across countries is primarily influenced by economic factors, currency exchange rates, and local market demands. For instance, certification fees in the USA, and Canada are higher due to the strong demand for Scrum professionals and the overall higher living standards.

2. Training and Exam Complexity:
PSM II and PSM III certifications are more advanced and require a deeper understanding of Scrum practices. The increased complexity of these exams justifies the higher costs associated with them.

3. Retake Fees:
To maintain the integrity of the certification process, retake fees are imposed. These fees encourage candidates to adequately prepare before attempting the exam, ensuring that certified professionals truly possess the required knowledge.

Note: PSM Certification is Provided by Scrum.org

Investing in Your Future

While the initial investment in PSM certifications might seem daunting, it’s essential to view it as an investment in your professional development. A certified Professional Scrum Master possesses skills that are in high demand across various industries. The knowledge gained through certification can lead to better job prospects, higher salaries, and more significant contributions to your organization’s success.

In conclusion, understanding the cost structure of PSM certification empowers you to make informed decisions about your professional development. Whether you’re aiming for PSM I, PSM II, or PSM III, the benefits of certification far outweigh the costs. By investing in your skills, you’re not just obtaining a certification – you’re investing in a brighter, more prosperous future in the world of Agile and Scrum.

Also Check: Benefits of PSM Certification
Also Check: Professional Scrum Master Salary