MBA in Project Management

The rapidly globalizing economy calls for professionals with skills and expertise to successfully design and implement efficient business plans in real time. An MBA in Project Management prepares a student with knowledge and understanding of how to act strategically and decisively in real-world situations. Moreover, with a lot of top global universities and colleges offering high-quality education and training programs, an MBA with an emphasis on Project Management can be worth pursuing. Here is all the information on MBA in Project Management.

Course-Level	Postgraduate
Duration	2 Years
Eligibility	Bachelor’s degree with the minimum work experience
Admission Process	Merit and Entrance-based
Course Fee	Up to INR 10 Lakhs
Average Salary	INR 3-20 Lakhs per annum
Top Recruiting Organizations	BG India, NDSC, SGC India Private Limited, L&T Infotech, HCL Technologies, Capgemini, Infosys, Tech Mahindra
Job Profiles	Computer Scientist, Database Administrator, Project Leader and many other positions

What is Project Management?

Project Management deals with the application of knowledge, processes, methodologies, skills and experience to accomplish project objectives within acceptable parameters. Also, the final deliverables have to be achieved in a provided timescale and budget unlike just ‘Management’ which is an ongoing process. This calls for professionals with management and technical skills along with good business awareness.

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Why Pursue an MBA in Project Management?

An MBA program in Project Management deals with the basics of critical project planning and developing well-structured project schedules in a business environment. Moreover, students are allowed to select projects, and review projects and fundamentals to understand the influence of the stakeholder. A career in Project Management is considered to be a top choice in today’s world. Let’s explore the benefits of pursuing an MBA program in Project Management:

• Professionals in Project Management are employed with a range of skills to work in a variety of industries like IT, consultant etc.
• The course offers an opportunity to polish Project Management skills every single day.
• There is fast growth with a specialization in Project Management.
• An MBA program in Project Management opens the door to alluring career opportunities.
• Project managers are highly in demand for the development of new technology and resources.

Subjects Covered

An MBA in Project Management covers interactive project planning concepts like financial planning, project life cycle and risk analysis. You will study cross-cultural management in order to understand the cultural issues affecting the projects and ways to deal with them. Moreover, industrial exposure and training will allow you to inspect the project planning of an organisation and make suggestions for improvements. Below is a list of basic subjects covered in the Project Management course:

Resources Considerations in Projects	Project Quality Management	Case Studies in Project Management
Project Identification and Selection	CPM and PERT	Project Risk Management
Organizational Structure and Issues	Value Engineering	Project Termination
Project Planning	Project Performance Measurement and Evaluation	Purchasing and Contracting for Projects
Basics of Project Management	Project Execution and Control	Project Management Information System

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Basic Eligibility Requirements

Candidates need to meet a few conditions to pursue MBA in Project Management. These requirements are very similar to any other MBA course. Read the following points to understand it better:

• A BBA degree or any other equivalent degree with a minimum of 50%–60% grades from an accredited university.
• You must pass one of the entrance exams given below
• There is no upper age limit for enrollment in this course.
• For candidates in the reserved category, the passing percentage is relaxed by 5%.

Entrance Exams

A candidate can take a number of well-known entrance tests to be considered for admission to the MBA Project Management programme. For studying this course abroad, you just have to clear the GMAT exam. In India, there are a couple of tests that you can give. These are as follows:

• CAT
• SNAP
• NMAT
• IIFT
• CMAT
• TISS NET
• IBSAT

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Admission Process

A merit list or entrance exam, followed by a personal interview, is used to determine admission to the MBA Project Management programme. The majority of colleges offer to counsel and choose students based on their bachelor’s degree marks or a merit list created by the universities. For course admissions, a few reputable universities hold entrance examinations and individual interviews.

The following is a discussion of the MBA Project Management Admission course stages:

• Choose the college or university where you want to apply, and find out which entrance exam applicants must take. Enter those selection exams.
• Enrol in those admission exams.
• Based on the results of the selection tests, colleges narrow down the pool of applicants. The college publishes a cut-off list, and applicants must make it on that list to advance to the next phase of the admissions process.
• The group discussion and personal interview rounds will come after.

Documents Required

As a part of the admission process, you must also submit a list of required documents. Some of the essential documents required to pursue an MBA abroad for Indian students are as follows:

• Visa
• Resume 
• Passport
• Language Proficiency scores such as IELTS, TOEFL
• Academic transcripts 
• LOR 
• Statement of Purpose 
• Additional documents

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Skills Acquired

The following are some of the abilities that participants in the MBA Project Management programme will learn.

Critical Thinking	Good Communication Skills	Creative, Strong, and Strategic Mindset
Analytical Skills	Problem-Solving Skills	Strong Organizational Skills and Management Skills
Negotiation Skills	Strong Leadership Quality	Ability to Monitor and Control Budgets
Risk Taker	Attention to Detail	–

Top Universities and Fees

Various universities and colleges all across the world cover master’s courses in Project Management for students to develop organisational and leadership skills to manage projects and people. There is a wide range of learning options for an MBA program like online/distance learning courses, and full-time or part-time MBA programs. Here is a list of universities and colleges offering MBA in Project Management:

Institution	Fees	INR Conversion
University of Toronto, Canada	CAD 78,533.02	INR 47.12 Lakh
University of British Columbia, Canada	CAD 81,034.07	INR 48.62 Lakh
Technical University Munich, Germany	EURO 20,474.12	INR 17.81 Lakh
Teesside University, UK	GBP 16,407.95	INR 16.13 Lakh
University of Alberta, Canada	CAD 40,350.30	INR 24.21 Lakh
Coventry University, UK	GBP 31,100.03	INR 30.58 Lakh
Harvard University, USA	USD 91,190.40	INR 74.51 Lakh
University of Greenwich, UK	GBP 24,022.10	INR 23.62 Lakh
University of Melbourne, Australia	AUD 11,1742.32	INR 61.79 Lakh
University of East London, UK	GBP 24,448.80	INR 24.04 Lakh

Top Universities Accepting GMAT Scores

MBA in Project Management: Job Prospects

After earning an MBA in Project Management there are endless career opportunities available for students with the knowledge and expertise of essential tools and methods of project planning. Below is a list of career options available for those with an MBA in Project Management:

Database Administrator	Engineering Director	Project Analyst
Manager of Software Engineers	Computer Scientist	General Manager
Consultant	Project Planner	Project Quality Manager
Senior Project Manager	Project Manager	Program Manager
Director of Project Management Office	Project Risk Manager	Project Portfolio Manager

Also Read: MBA Career Options

Top Recruiters

Top Recruiting Companies
Accenture	IBM
Hitachi	Telford International
Epsilon India	BG India
UnitedHealth Group	NDSC
Saipem	Bechtel India Private Ltd.

Future Scope

Graduates of MBA programmes in project management may find employment in a variety of fields, such as architecture, marketing, graphic design, and film.

Applicants might pursue a PhD in Management Studies to deepen their education in project management. Candidates may fully understand all facets of project management as well as develop their project management knowledge and abilities in this course. Graduates may get employment in reputable or government-related channels or businesses with high-wage packages after completing this degree.

FAQs

So, if you’re someone who wants to focus deeply on the details of hands-on project execution, an MBA in Project Management is the most suited career option for you. You can reach out to the experts of Leverage Edu, who can help you in choosing the best university for your field of interest.