MBA in Construction Management

The Construction industry is one of the biggest industries in the world. The industry is divided into three sectors- Real Estate Construction which includes commercial and residential construction, Industrial Construction which includes oil and gas refineries, textiles, pipelines, etc and Infrastructure Building consisting of roads, railways, etc. The Construction industry is a huge sector with various career opportunities. There are a number of professional careers in the construction industry one such course is an MBA in Construction Management.

Particulars	Details
Course Name	Masters of Business Administration in Construction Management
Short Form	MBA in Construction Management
Types of BHS Courses	Full Time  Part-Time  Distance Learning Executive MBA 1 Year MBA
Duration	Full Time: 2 years  Part Time: 2-4 Years   Distance Learning: 2-3 Years Executive MBA: 15-18 Months1 Year MBA: 1 Year
Exam Type	Semester-based
Admission Process	Entrance-based/ Merit-based
Eligibility	A bachelor’s degree from a recognised board or university in a relevant field of study
Minimum Aggregate Required for BHS Admissions	50%-60%
Average Annual Course Fee	INR 5-25 Lakhs
Average Annual Salary Offered	INR 4-10 Lakhs per annum
Popular Entrance Exams	CAT GMAT CMAT NMAT XAT MAT KIITEE
Popular Recruiters	HCL, L&T, Capgemini, Infosys, Tech Mahindra, Honeywell, Tata Projects Ltd, Shapoorji Pallonji & Co Ltd, GMR Group, Adani, Hindustan Construction Company (HCC), Afcons Infrastructure Limited
Popular Job Prospects	Project Administrator Project Manager Site Manage Project Consultant Site Engineer Architects Structural Engineers Electrical Engineers Sustainability Experts Finance Experts Design Manager Area Superintendent

Must Read: Career in Construction Management 

Overview of MBA in Construction Management 

MBA in Construction Management is a 2-year program available both online and on-campus. The course is a blend of theoretical knowledge and practical experience along with research work. The course emphasizes the basic characteristics of construction management as well as provides an insight into the nature of work that you will have to be a part of once you are a construction manager. The course also provides students with practical learning experiences in a real construction environment to enhance their knowledge and skills. MBA in construction management comprises of the following study areas:

• Construction Planning and Scheduling
• Construction Estimation
• Financial management
• Marketing management
• Legal aspects in construction

Why Study MBA in Construction Management?

Construction management is a rapidly expanding industry where you can establish a successful career. Aspirants who desire to lead a team and choreograph the fine details of complex projects have a place in this field. Here are four solid reasons for pursuing an MBA in Construction Management, whether they seek career security or a position that puts their skills to the test every day.

• Opportunities for Advancement: MBA in Construction Management graduates have numerous opportunities to advance to new positions in the construction sector, such as Senior Construction Managers, Site Managers, Site Engineers, Project Managers, and so on. As one acquires expertise and exposure to numerous real-world projects, one can begin to move up the ranks and earn well.
• Great Salary: Due to the long working hours, the rigour of the job, and the great demand for construction managers, MBA in Construction Management graduates’ salaries will reflect these factors. Consider that the global median annual compensation for construction managers in this field is approximately USD 97,000 in May 2020. One could possibly earn more depending on their bonus arrangements. Keep in mind, however, that pay is also determined by job experience and competence.
• High Demand: Construction will become increasingly vital as people and industries grow. To meet this increase, more homes, workplaces, hospitals, restaurants, and other infrastructure will be required. A construction manager supervises the work on each project. While there is already significant demand for these roles, the job market is predicted to grow by 8% between 2019 and 2029. Even in a weakening economy, experienced managers are likely to remain market competitors.

Skills Required

• Able to work beyond 9-5 schedules
• Project Management
• Sustainability practices
• Public management
• Time Management
• Quality Management
• Cost Management
• High aptitude for leadership
• Good Mathematical and Analytical Skills
• Team Worker
• Able to work outdoors

MBA in Construction Management Syllabus

Following are some of the core subjects that will be a part of the main curriculum of the MBA in construction management. 

• Basics of Project Management
• Organizational Structure and Organizational Issues
• Project Risk Management
• Project Planning
• Resources Considerations in Projects
• Project Quality Management
• Project Identification and Selection
• PERT and CPM
• Value Engineering
• Purchasing and Contracting for Projects
• Project Management Information System
• Project Performance Measurement and Evaluation
• Project Termination
• Project Execution and Control
• Case Studies in Project Management
• Construction Contracts and Dispute Man
• Building Information Modelling and Managementagement
• Management of Building Services
• Quality, Health and Safety Management
• Project Monitoring Control
• Data Analytics for Built Environment
• Construction Project Planning and Scheduling
• Procurement and Tendering
• Cost Planning and Management
• Construction Methods and Technology
• Risk Management in Construction Projects

Eligibility Requirements

Candidates applying for admission to the MBA in Construction Management must meet the college’s eligibility requirements. Each college will have its own set of eligibility requirements. The following are the requirements for an MBA in Construction Management.

• Bachelor’s degree in any field with minimum 50% marks.
• Competitive entrance exam scores such as  GMAT/GRE/CAT/CMAT/XAT/NMAT etc.
• English Proficiency Test scores such as IELTS/TOEFL/PTE, if planning to study abroad.
• All academic transcripts
• Statement of Purpose 
• Letters of Recommendation 
• Work Experience (if required)
• Updated CV/Resume 
• Student Visa (if planning to pursue MBA from Abroad)

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Also Read: Construction Management in Canada

MBA in Construction Management: Top Universities in India 

Some of the institutes in India that offer construction management courses are listed below.

University/College Name	Location	Program Name
Symbiosis Institute of Management Studies, Pune	Pune, Maharashtra	PG Advanced Diploma in Management Real Estate and Construction Management
MIT School of Management	Pune, Maharashtra	MBA Construction and Project Management
National Institute of Construction Management and Research	Pune, Maharashtra	PGP Advanced Construction Management
Amity University	Navi Mumbai, Maharashtra	MBA Construction Project Management
GLA University	Mathura, Uttar Pradesh	MBA Construction Management
RICS School of Built Environment	Noida, Uttar Pradesh	MBA Construction Project Management
Bangalore School of Design, Bengaluru	Bangalore, Karnataka	PGDM Construction Management
Mangalore Institute of Fire and Safety Engineering	Mangaluru, Karnataka	PGD Industrial and Construction Safety Management
PRISM School of Business and Entrepreneurship	Durg, Chhattisgarh	PGDM Real Estate and Construction Management

MBA in Construction Management Entrance Exams

As previously indicated, applicants’ undergraduate degrees as well as the results of the entrance tests are used to determine admission to MBA in Construction Management programmes. The following are some of the most common admission tests for applicants interested in pursuing an MBA in Construction Management in India:

• CAT (Common Admission Test)
• XAT (Xavier Aptitude Test)
• Common Management Admission Test (CMAT)
• GMAT (Graduate Management Admission Test)
• NMAT (NMIMS Management Aptitude Test)
• MAT (Management Aptitude Test)

Know About: MBA in Civil Engineering Fees, Duration, Jobs, Salary

Top Colleges for Construction Management Course Abroad

Here are the top universities and colleges offering MBA in Construction Management and its related courses abroad:

Dublin Business School

Dublin business school is one of the largest independent colleges in Ireland offering a wide range of undergraduate, postgraduate, special training and part-time courses. MBA in project management is a course designed to provide key skills and knowledge to operate the modern business world. The course aims at providing essential knowledge related to financial management, strategic management, and research methods. 

RMIT University

RMIT University is a global university of design and technology offering a wide range of undergraduate, postgraduate, and doctoral programs in various disciplines. RMIT University offers a Master of Project Management to those students willing to pursue a career in the construction management field. The course focuses on practical knowledge to develop students’ capacity to engage with real issues and trends. 

Australian National University

https://www.youtube.com/watch?v=uJLBeS4Xsls

A national research university located in Canberra, Australia. ANU College of Business and Economics offers a master of project management which is an effective program to strengthen the student’s leadership skills in the field of construction and project management. The course provides knowledge and skills to operate and manage the industry. The course also offers students with exposure to the industry so that they gain practical experiences which will help them handle the everyday challenges of the industry.

The Queensland University of Technology

A public research university situated in the urban coastal city of Brisbane. Master of project management is a course designed with the intention of providing knowledge and experience in managing projects of professional organizations. The course provides opportunities to explore advanced study methods by giving exposure to industries like engineering and infrastructure. 

GISMA Business School

A private business school in Germany, the university provides a wide variety of undergraduate, postgraduate, and doctoral degrees in various fields such as business, marketing, finance, etc. GISMA Business School offers masters of science in project management to students with an eagerness to discover the construction management field. The course offers knowledge and skills to effectively manage international projects by analyzing data and researching market trends.

Other masters programs offered in Construction management by universities across the world are:

Name of University	Location	Program Name	Duration
University of South Australia	Australia	Masters by Research in Construction Management	2 Years
Swinburne University of Technology	Australia	Master of Construction Management	1 Year
Kent State University	United States	Master of Science in Construction Management	3 Semesters
New York University	United States	Master of Science in Construction Management	2 Semesters
University of British Columbia	Canada	Master of Engineering in Civil Engineering – Project and Construction Management	1 Year
University of Manchester	UK	MSc Construction Project Management	1 Year
The University of Auckland	New Zealand	Master of Engineering Studies – Construction Management	1 Year
The University of Melbourne	Australia	Master of Construction Management	3 Years
Deakin University	Australia	Master of Construction Management (Professional)	2 Years
Auckland University of Technology	New Zealand	Master of Construction Management	1 Year

Also Read: Construction Management Courses in Canada 

MBA in Construction Management: Career Options and Job Prospects

According to experts in the field, this particular sector will not run out of jobs anytime soon. With the constant pace of industrial growth taking place around the world, this is rising at a massive rate in India and around the world. MBA in Construction Management job and career opportunities are numerous and diverse. Following is a list of career opportunities for people who have completed the MBA in Construction Management program.

• Project leader
• Database administrator
• Facilities Manager.
• Site Engineer.
• Building Surveyor.
• Building Services Engineer.
• Sustainability Consultant
• Consultant

Some of the career prospects for MBA in Construction Management are as follows: 

• Relevant Government departments
• Consultancies 
• Architecture agencies
• Construction firms
• Real estate firms
• Large Development Companies
• International Consulting Firms
• Multinational Architectural Firms
• Government Sector Organizations

Also Read: Scope of Civil Engineering 

Construction Manager Salary

The average wage of a construction manager in the United States is $92,260 (INR 68,28,093) per year, according to the Bureau of Labor Statistics. In the next ten years, the market for construction managers is projected to increase by 20 times globally. A construction manager in India can expect to earn at least INR 10 lakh per year

Give A Read: MS in Engineering Management – An Engineer’s MBA

FAQs

Construction management is a field with various opportunities to explore globally. If you are someone who wants to pursue an MBA in Construction Management or any of the professional management courses and are confused about the right colleges, don’t worry. The experts at Leverage Edu can help you choose a course that will enhance your abilities and help you build a bright career.