MBA in Project Management

6 minute read
5.2K views
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.

Here are a few reasons for pursuing MBA after BSc for a shining career!

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

Must Read: MBA in Australia for Indian Students

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:

Check out some of the best answers for why an MBA!

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:

Must Read: Best Options for Masters in Project Management in UK 2022

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

Q1: Is an MBA Good for project management?

Ans. An MBA Project Management degree is a good choice if you want to go towards a career in project management. The course covers all the core topics related to business and management that is necessary for having a successful career. Moreover, many companies prefer a candidate with an MBA degree for a position as a project manager. 

Q2: Which is better MBA or project management?

Ans. While both degrees are excellent for working in high-level managerial and executive job positions, MBA is obviously the better choice if you want to have a broad specialization in business-related fields, with greater career options open. But if you are sure of specializing in a specific field of business, you could go for a master’s in project management.

Q3: Do you need an MBA to be a project manager?

Ans. While an MBA may not be absolutely necessary for being a project manager, an MBA Project Management degree is certainly valuable since it covers vital topics such as project planning basics, managing multiple projects etc., which is of immense use for a project manager.

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.

Leave a Reply

Required fields are marked *

*

*

10 comments
  1. An MBA degree in project management will be a great asset for employees who want to be able to qualify for promotion to management-level positions within the companies they work for.. Thank you for sharing the post with us.

  2. Please am really interested in this course and i have all the requirement except GMAT /GRE and TOEFL,PTE, IELTS, Cambridge English can i please still apply.

    1. Hi, Cornelius.
      You must meet the eligibility requirements.
      You can also call us at 1800 57 2000 for expert guidance

  3. Please i want to apply i have all the requirement listed except TOEFL, IELTS, PTE, GMAT/GRE can i please still apply?

    1. Hi, Corenlius!
      If you want to pursue MBA in Project Management Abroad those are the basic eligibility requirements you need to have. Some of the listed universities may not follow on this criteria, depending upon the university! Feel free to contact us at 1800 57 2000 or mail us at hello@leverageedu.com for expert help, clarity and application process!

  4. Please am really interested in this course and i have all the requirement except GMAT /GRE and TOEFL,PTE, IELTS, Cambridge English but am from Ghana and English speaking country where I did my first degree in English. can i please still apply

    1. Hi Francis,
      We are delighted to know that you aspire to pursue MBA in Project Management. We hope that our blog must have provided you with all the relevant information. For more inquiries, you can get in touch with our Leverage Edu experts on 1800572000 and they will help you out with your admission process, the best-fit university and a lot more!

  1. An MBA degree in project management will be a great asset for employees who want to be able to qualify for promotion to management-level positions within the companies they work for.. Thank you for sharing the post with us.

  2. Please am really interested in this course and i have all the requirement except GMAT /GRE and TOEFL,PTE, IELTS, Cambridge English can i please still apply.

    1. Hi, Cornelius.
      You must meet the eligibility requirements.
      You can also call us at 1800 57 2000 for expert guidance

10,000+ students realised their study abroad dream with us. Take the first step today.
Talk to an expert