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I’m not going to see that someone has a PMP certification and hire them based on the weight of the certification alone - no interviews, background and reference checks, etc. But I do like seeing it. In theory, it at least ensures a common vocabulary and means I won’t have to explain terms or concepts and methodology. I especially like seeing a PMP that is several years old combined with experience. Those things are going to bump someone over into the pile of resumes to conduct interviews with.
It can be important in federal consulting because government clients like to see it. Otherwise though I agree with you, it basically seems like an enormous cash grab. I tried studying for the exams and found the content about as exciting as a glass of warm milk.
While important, a PMP credential is not the key factor to me. The experience is more important.
Mentor
In the tech industry, PMPs are worthless since most dev teams use agile. Better to get Scrum Master or RTE certification.
Respectfully disagree. As you said, most dev teams use agile. But there are still tons of job recs and consulting gigs out there for PMs on the facilities, infrastructure side of the tech stack, and to deploy software stacks (CRM, ERP, HRIS, etc).