MBA in Project Management

What is an MBA Degree?


An MBA degree is a Master in Business Administration degree, which as its name suggests, imparts the skills required in order to effectively manage various aspects of a business. This includes managing finances, human resources and other factors that affect product output and increase profitability. MBA degrees with a specialization in Project Management are useful in virtually every field of work and are equally important for people who wish to start their own businesses. Project Managers are not only responsible for efficiently managing materials, human resources and ensuring a high standard of quality, but also responsible for ensuring that projects are completed on time within the estimated budget. Most of their work is done at construction sites on projects such as large hotels, stadiums, shopping malls, bridges and airports.



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How to Enroll in an MBA degree?


In order to enroll in an MBA in Project Management program, applicants must hold at least a bachelor’s degree with appropriate work experience in management or construction. The MBA program includes courses in the areas of labor law, labor relations, occupational safety, cost management, quality assurance and project planning & execution. After completing this degree, the Project Management Professional (PMP) certification can be obtained, such as through the Project Management Institute, which opens up loads of managerial opportunities across a variety of industries.
 

An MBA in Project Management is designed to help students manage projects, and understand and deal with the various problems that arise during the completion of a project.
MBA in Project Management

Career Opportunities after MBA of Project Management


Most graduates with an MBA of Project Management degree immediately find work with large construction companies, oil & gas exploration companies, mining companies and federal or state bodies. More experienced professionals in this field are often put in charge of projects in foreign countries and work independently with local contractors. As per the data available on the website of the US Bureau of Labor Statistics (BLS) compiled in May 2010, the median wage for construction managers stands at $83,860. However, the BLS also states that with more experience, professionals in the top ten percent slot earn over $150,250 per year. Furthermore, according to the findings of the Project Management Institute in 2011, the median annual salary of project managers in the US was $105,000,

How long does it take to get an MBA in Project Management?

An MBA degree would typically take you up to 2 years to complete. Full-time students may be able to complete this degree in as less as 16 months. You will be expected to complete around 36 to 48 credit hours, depending on the exact requirements of your degree. Students who enroll in a part-time program can complete their degrees in around three to five years, depending on the pace they set.

What are the requirements to get an MBA in Project Management?

To get admission into an MBA in Project Management program, students will need to fulfill certain prerequisite requirements. This would include a four-year long bachelor’s degree in a related field. Students who do not have a business background would be required to complete prerequisite courses as well. In addition to the bachelor’s degree, students will also need to possess some professional experience in most cases. This could be at least one to two years of relevant experience. Most universities would also have a minimum GPA requirement for MBA in Project Management program applicants. You will need to provide transcripts and letters of recommendations too.

How much can I make with an MBA in Project Management?

According to the US Bureau of Labor Statistics, Management Occupations has an average median annual wage of $104,240 as of May 2018. This is the highest of all the major occupation groups. The exact amount of salary you make with an MBA in Project Management would depend on the job you get and the employer you work for.

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Frequently Asked Question(s)

Q:What are the prospects of an MBA in Project Management degree holder working in an oil manufacturing company?

A:MBA in Project Management is preferred by most of the oil manufacturing companies such as ExxonMobil, Shell, Chevron, Tesoro and BP. Such individuals are used at the onshore and offshore oil refineries as well and are paid quite well. Their pay increases with the increase in the level of experience.

Q:How long is the MBA Project Management program?

A:The Master of Business Administration in Project Management degree program is a two year course if pursued in the regular track. However, the duration for graduate programs can differ with the type of program chosen. That is, the accelerated, executive, or the online program. Accelerated courses take about 18 months to complete, executive programs take more than 3 years to complete and the online programs are self-paced hence can be completed in as much time as the student sees fit.

Q:Why is it essential to have the MBA Project Management degree accredited by the PMI?

A:It is essential to have the MBA Project Management degree accredited and monitored by the PMI because PMI (Project Management Institute) is a global institute that promotes the practice and understanding of project management in the world, with global presence in all continents and most of the countries of the world, hence, expanding your career scope.

Q:How quickly can I get the Project Management MBA degree?

A:The MBA in Project Management is generally completed within two years. However, students can get enrolled in the accelerated MBA in Project Management degree program and complete the program at the quickest - within 18 months. Students enrolled in the accelerated program are not allowed any semester breaks or vacation since they are made to study the courses continuously to complete the program early.

Q:What is the study duration of each of the modules of the Bachelor's online project management degree programs?

A:The Bachelors online Project Management degree programs are of 4 years and roughly all of the study modules are of 9 months each. These modules are further divided into various courses and project based case studies as well as on site visits.

Q:Can I pursue an Associate's Degree in Project Management?

A:Yes, associate's degree in Project Management is also offered. They take 2 years to complete and can be pursued in traditional campus-based institutions as well as in online institutions.

Q:What are the core teaching points of the Project Management programs?

A:The Project Management programs teach students how to make strategies, plan things out and implement these plans at corporate and business levels. They also train individuals to identify the constraints in business projects and working around them to cover up for it.

Q:I learnt that Project Scheduler is one of the MBA Project Management jobs. Can you please tell me what's in this job?

A:The Project Scheduler is one of the entry level and basic MBA Project Management jobs. In this job you are required to run the business software and input data for management purposes. There is much more of computer work involved in this job and quite little of actual management, but is a preferred entry level job.

Q:Are there any scholarships for the MBA with Project Management programs?

A:Yes. Numerous scholarships can be pursued with a Masters in Project Management degree program. You can apply to various federal scholarships through the FAFSA, or look for some state graduate level scholarships. If by any chance you cannot find a relevant scholarship from the above mentioned sources, you can hunt for private scholarships being advertised on the internet or apply to the institute for a scholarship if they offer any.

Q:Do the Project Management MBA schools offer scholarships?

A:Numerous Project Management MBA Schools offer scholarships, grants and other financial aid services. Their criteria and application processes vary from institute to institute. You can check university websites for further details.

Q:What is the prerequisite to the MBA in IT Management?

A:To get enrolled in the MBA in IT Management, there are a bunch of things that need to be taken care of. Initially, applicant must have an information technology or related bachelor's degree from an accredited American school. Applicants must also have some level of work experience which can be professional as well as in the form of an internship. Applicants must able submit three reference letters and a statement of purpose. At times a few universities also have a minimum GPA requirement as well. However, that's not the case for all institutes.

Q:Can we opt for home based online project management jobs?

A:Yes, there are immense prospects for the home based online Project Management jobs. These freelance jobs allow you to work with a number of organizations, such as working for ExxonMobil and BP and prepare their project strategies. Even though there are better salary packages in freelance home based jobs, they do cut back on facilities and incentives.

Q:Do the scholarships for the MBA programs for Project Management affect my credit score negatively?

A:The MBA Project Management scholarship programs should not negatively affect your credit score.

Q:What courses are taught in the MBA in Project Management Degree?

A:The MBA in Project Management teaches courses like project scheduling, project risk management, project team leadership, project budgeting and estimation and contracts for project management amongst many other introductory courses.

Q:Is the MBA in Project Management most complete degree available to students?

A:The MBA in Project Management is the most comprehensive degree in the field, which covers a rigorous curriculum, research based projects and presentations. Also, students are encouraged to explore the practical aspects of project management in these degree programs. Thus, it can be considered the most complete and detailed program in project management.

Q:Is there an MBA project and risk management degree?

A:The universities listed on our website allows students to pursue the MBA degree in project and risk management. Students can either pursue these degrees separately or opt for a program that entails the combined project management and risk degree. Also, the duration of the MBA degrees in this field is up to two years, however, if opted online, these can be completed much sooner.

Q:What can I do with MBA in Project Management?

A:With MBA in Project Management you can work in project based organizations that work on human capital and infrastructure development. Most of the holders of Project Management degrees are given the tasks of handling construction based works and are to be constantly involved in the daily work progress, that they also have to audit vigorously. Companies such as Accenture, Vodafone, Apple Inc. and Chevron are leading employers of individuals with Project Management degrees.

Q:What skills are required for jobs for MBA project management careers?

A:Project management careers are very diverse and allow individuals to experience work in a variety of different settings. However there are some skills that make project managers successful such as communication skills, team work skills, problem solving skills, time management skills, analytical thinking skills, strong decision making skills, multi tasking skills, leadership skills, prioritization skills, motivational skills, and many more.

Q:Is there a relationship between the Bachelors and MBA in Quality and Project Management?

A:Indeed. The Bachelors and the MBA in Project Management are interrelated. The Bachelors in Project Management is an undergraduate degree whereas the MBA is the graduate program. The MBA in Project Management degree program requires the applicants to have an undergraduate degree in project management or a related field hence making it a prerequisite for the MBA program. At the same time, the MBA and the Bachelors program both include quality management and quality assurance courses.

Q:What to the best MBA for Project Management degrees teach?

A:The best MBA for Project Management degree program teaches on ways in which you can organize your team so that you can achieve, practice and investigate the procedures of managing business projects from scratch to fruition. This is done by the culmination of analysis in the real world examples to see how things are actually done. You will also learn how to instigate effectiveness in the teams.

Q:As I read on why pursue MBA in Project Management, I came across the course on Brand Management. What are the contents of this course?

A:MBA in Project Management degree programs have a 5 credits worth course on Brand Management. This course provides contemporary in depth and closeup exploration of all of the strategies of practical nature for measuring, building as well as managing the equity of brand. This course also highlights on the marketing strategies to be taken for improving the image of company brand.

Q:Could you please guide me about job prospects for an MBA in Project Management in the logistics industry?

A:The logistics industry actively pursues professionals with an MBA in Project Management. Professionals serve as consultants advising companies about cost effectiveness, project management and different methods of streamlining the transportation process. Professional are also required as resident project managers to ensure smooth running of operations. Professionals can search online for more information about a project manager's role in the logistic industry.

Q:Are there any scholarships for MBA in Project Management available to international students?

A:Yes. If you are an international student, a number institutions offer scholarships for MBA in Project Management. These scholarships are a result of a joint collaboration between universities and their affiliates abroad. Schools like Stanford, Duke, University of Michigan and University of Pennsylvania offer assistance to international students. For more information students can search our website.

Q:is an MBA in Project Management more useful with a course in E-Business Strategy?

A:An MBA in Project Management degree program does get more credible and extensive with the inclusion of a course on E-Business. This course introduces the students to the E-Business fundamentals and also discusses the strategic roles that are played by information technology in reaching as well as persevering a competitive advantage. Some of the other topics included in the course are software, hardware, ethics, online business security and networking.

Q:How can I join an online MBA Project Management program?

A:In order to join an online MBA Project Management program, you will need to have at least a bachelor's degree with work experience in a relevant field such as construction or management. You will be trained in the fields of labor relations, cost management, labor law, project planning and quality assurance.

Q:What are the contents of the the contracts Project Management MBA program?

A:The MBA in Project Management does offer the course on Contracts in their set of core courses since it is of importance to the degree program. The contracts course teaches students how make, handle, analyze, and interpret contracts. Students are often asked to make projects on contract management at the end of the course for better understanding of the taught concepts.

Q:Searching about project management MBA entry level mentioned a signing bonus. What is that?

A:Signing bonus would be mentioned when reading about project management MBA entry level. It is a sum of money paid by the employer as an incentive for joining the company. This is not a common practice but is quite normal in multinational companies. However, there might be a clause in the contract which states that if the employee leaves the company before the discussed date, the signing bonus will have to returned.

Q:What are the contents of the International Management course of the Project Management MBA degrees?

A:The Project Management MBA degrees have a rather contemporary course on International Management. This course is worth 5 credits and stresses on presenting the students with an understanding of the impact that international business has on businesses of a country, individuals and of course, corporations. Students also get comprehensive understanding of the various roles of culture, politics and policy making.

Q:What is the credit breakdown of an MBA of project management?

A:The credits allocation for an MBA in Project Management might vary according to the institution and program. The program foundation is worth 6 credits. Core courses take up 15 credits, which include courses like Managerial Accounting and Marketing Management. The specialization courses are worth 12 credits that include Strategic Project Management, and Applied Project Management. And the Capstone course of Strategic Management is worth 3 credits. Prospective students are recommended to search our website for a list of institutions offering this program.

Q:Which job for MBA Project Management is the best?

A:With a MBA in Project Management degree in hand, the individual can get into managerial posts as well. At the beginner's level, the individual with this degree can work at positions such as Logistic Specialist and Junior Project Manager with a scope of becoming the Project Manager with experience in hand.

Q:Reading about MBA in project management career mentioned consultants. What are these professionals required to do?

A:Consultants would be mentioned when reading about MBA in project management career. These individuals usually work as Project Management Consultants who are required to assist organizations in making sound business decisions. These consultants provide their expertise in overseeing projects from its initial stages to its completion. There is a significant demand for professionals with this qualification in both federally administered and private organizations

Q:My search on jobs for MBA Project Management graduates led me to Energy Sector Management course. Can you brief me about it?

A:You often come across courses such as Energy Sector Management while searching on jobs for MBA Project Management graduates, the main focus of this course is seeking management chances within the energy sector and identifying the opportunities for business. The individuals are equipped with skills to keep an eye on business management.

Q:What is my career scope after MBA in project management?

A:Career Scope After completing MBA in Project Management is quite high as master's level degree holders are highly paid. However, there are some other factors which determine one's career scope such as the type of industry and geographical location of the organization. Project managers have extremely diverse opportunities as their career prospects are not restricted to one industry only. They can work in any industry they see fit.

Q:What are the contents of the course on College Algebra in the Project Manager MBA degree programs?

A:The Project Manager MBA degree programs in United States have dedicated course on College Algebra. This course is worth 3 credits in total. It is structured to offer students with understanding of the major college level algebra concepts. Students are also highlighted on the extensive and the more intermediate concepts to the fullest, with hands on application and experience.

Q:What are my project management mba scholarship options?

A:If you are looking for a scholarship in order to complete and MBA in Project Management, there are a large number of options available to you. You can go for need-based, academic and athletic scholarships. Federal scholarships are available through various government departments while private scholarships are normally offered by banks and private financial firms. A number of universities also have their own scholarship programs.

Q:Searching If I have my Associates and Bachelors Degree in Criminal Justice would an MBA in Project Management mentioned a course in managing and implementing projects. What is included in this course?

A:Course on managing and implementing projects would be mentioned when searching If I have my Associates and Bachelors Degree in Criminal Justice would an MBA in Project Management. This course is worth 2 credit hours and deals with the processes to initiate and practically start the project. Students with the help of this course also learn about the information system to track performance, labor charges and issues and expenditures. Prospective students interested in this course are advised to search our website for more information.

Q:What are the contents of the course on College Mathematics in the MBA in Project Management?

A:The MBA in Project Management have a dedicated course on College Mathematics. This course is usually of around 2 credits in total. It is structured to provide students with ample understanding of the comprehensive level reviews of the skills of mathematics and the applications commonly used in vocational and academic levels. Students are also provided with hands on experience.

Q:As I was looking for Project Management in MBA, I got to know about Project Risk Management course. Can you tell me more about it?

A:You often come across the reference of various courses and programs relevant to the field when going through search such as Project Management in MBA. Project Risk Management course is included in a number of programs related to the field. In this course the students get to study about organized approach for managing the uncertainties in a business.

Q:What course will I be required to attempt when studying at top universities offering MBA in Project Management?

A:The curriculum at some of the top universities offering MBA in Project Management aims to provide students with extensive knowledge and practical skills. Some of the courses included in this program are Essentials of Business Development, Managerial Economics, Financial Management, Organizational Behavior, Marketing Management, Strategic Project Management and Techniques and Cases in Applied Project Management.

Q:My search for project management MBA programs mentioned a course on Project Communication. What is the premise of this course?

A:Course on Project Communication would be mentioned when searching for project management MBA programs. This course deals with the theory of communication. Students with the help of this course also learn about setting up a document control system and organizing project meetings effectively. Interested students are advised to search our website for more information.

Q:Can you give me some information about a career with MBA in project management?

A:An MBA degree is a graduate program that is one of the top pursued programs worldwide. This program is available at a number of business schools. The courses studied in this include management, strategy development, marketing, financial management, and human resource management. With this degree, an individual can apply for executive and manager job positions in many industries. The exact job position will depend upon the area specialized in.

Q:Jobs after MBA in project management are restricted to which kind of organizations?

A:If you have earned an MBA degree with specialization in project management, you can look forward to a number of job opportunities as a project manager. There are no restrictions to where you can apply for a job. Retail, manufacturing, services, education, the need for projects managers can be seen in almost every kind of sector.

Q:Can you tell me about job opportunities for MBA project management?

A:If you have a master's in business administration in project management you can work in a broad range of areas that will offer some very lucrative opportunities. Some of the fields that you can find work are: Manufacturing, Supply chain management, Operations management, Information management systems, Marketing, Construction executives, Industrial administrators, Software development.

Q:Can you tell me the scope of project management in MBA?

A:If you want to pursue a master's in business administration in project management, this is a very good option. Almost every firm nowadays needs project managers to over look the operations of the firm. The business environment in modern times is changing constantly and companies require skilled professionals to keep up.

Q:Can you brief what is studied in project management for MBA students?

A:The course work regarding project management for MBA students aims to prepare students for efficient handling of diverse business projects that improves productivity and delivers results. It includes taking into account project objectives, market analysis, project estimates and accounts management as well as risk analysis and the tools and methods required for achieving the desired goal.

Q:Can you tell me about project management MBA course?

A:I think you want to inquire about the courses that you will study in a master's in business administration degree with a concentration in project management. Although various schools have their own curriculum some of the common courses that you will come across are essentials of business development, financial management and strategic project management.

Q:Can students get masters in project management scholarships?

A:Yes, many accredited institutions offer scholarships for masters programs in project management. Students can also avail grants and other financial aid services. The eligibility criterion for these scholarships varies from school to school and from program to program. To know about a specific scholarship, it is advisable to thoroughly browse the university's website.

Q:What is MBA in project management?

A:An MBA in project management will equip you with the necessary knowledge required to complete tasks with limited budget and time. This is an excellent choice of specialization as nearly all businesses from marketing to manufacturing will require the services of skilled project managers. This means that there will always be demand for managers.

Q:What are MBA projects for project management specialization?

A:If you enroll in an MBA program with specialization in project management, you will be required to complete the degree requirements. You will have to undergo a thorough study of theoretical subjects related to the field. In the final year of the program, you will be required to design, develop, and implement a project. This will help polish your practical skills and give you hands on experience.

Q:What is meant by an accelerated MBA project management course?

A:An accelerated MBA project management course is a program that can be completed in a shorter duration of time than a regular course. In this course, the student can take more subjects and work load. The program deals with subjects such as finance, accounting, marketing, organizational behavior, cost management and human resource management.

Q:MBA construction project management

A:An MBA in construction project management is a two year graduate level program. It is designed to give students two fold knowledge regarding business administration and construction management. Important courses studies in this program include the following: construction project finance, safety management, advanced building services, risk analysis, contract management and law, and construction management.

Q:What do project management MBA programs entail?

A:Project management MBA is an advanced study program that can offer senior level jobs in the business industry. Generally, the degree can be completed in a period one two years but there are accelerated programs available as well. It entails studying finance management, human resource management, marketing strategies, market trends evaluation and project management.

Q:What is the enrollment criterion for online mba project management programs?

A:For anyone to enroll in an MBA in Project Management you need to have at least a bachelor's degree with experience in management or construction. It normally takes just two years to complete your MBA and its courses include areas of labor law, labor relations, occupational safety, cost management, quality assurance, and project planning & execution. Most students go for a certification in Project Management Professional (PMP) to be able to get better managerial opportunities in various industries.

Q:Can you tell me about career after MBA in project management?

A:After doing your MBA in project management, you can expect senior level jobs in business oriented organizations. The degree prepares you to handle jobs as quality managers, risk managers and project procurement responsibilities therefore the scope is quite vast. You can work in construction organizations, marketing sector or in information development sector.

Q:Can you tell me about MBA in project management subjects list?

A:An MBA in project management is a graduate level program that focuses on preparing students for professional roles as project managers. The program covers a wide range of business administrative courses as well as project management courses. Some of the important areas covered include strategy management, marketing, finance, human resource management, and more.

Q:Is the curriculum of the best MBA project management degree the same as other MBA degrees?

A:Yes, the curriculum for all MBA project management degrees is the same. All accredited business schools follow the same format for curriculums set by the higher education commission. So before you enroll in nay program, make sure you check the accreditation status. You can take a look at our page to see what programs are currently being offered.

Q:What kind of degree do I need to effectively work on business management projects?

A:A Masters in Business Administration (MBA) is a good degree which imparts detailed knowledge on most aspects of business such as managing finances and human resources. An MBA with a specialization in Project Management can help can be of particular use to business project managers who have to ensure that the projects are completed within time and according to the estimated budget.

Q:While looking for MBA project management online, I came across 'project management cycle', can you tell me about it?

A:Project management cycle is based on the steps involved in a project. A project goes through many phases and this cycle depicts all these phases starting from initiation till the completion of a project. A project does not only involve planning and execution, there are many other steps carried out to make the project functional, and this cycle enables students to understand the general picture of project management.

Q:How is an mba project management online degree different from the one offered on campus?

A:The coursework taught in mba project management degree online may be the same as that offered on campus. However, the mode of instruction is different. The method of instruction in online MBA programs involves online lecturing and video conferencing instead of class room lecturing. Online programs offer certain benefits to students, such as low cost flexible scheduling.

Q:I wish to enroll in project management executive MBA online .Can you tell me about the admission requirements?

A:Admission requirements for project management executive MBA online may vary from one institute to another. However, general requirements for the executive MBA may include a bachelor's degree in a relevant field, a certain grade point average, and some years of experience in project management or a related field. Interviews and tests may also be a part of admissions.

Q:What career prospects would I have if I enroll in online schools that offer mba project mgt?

A:Usually, those with online degree in mba project management find employment with construction companies, oil and gas companies, mining companies, or state and federal bodies. Professionals may also be given charge of projects in foreign countries and may also work with local contractors. According to the U.S Bureau of Labor statistics, the median annual wage of construction managers was $82,790 in May 2012.

Q:What does an online mba with project management concentration usually teach?

A:An mba degree with project management concentration teaches the skills needed to manage various business aspects. It includes management of finance, human resources, and other factors which contribute to output and improve profitability. This degree is relevant in almost any field of work and is equally useful for those who wish to open up their own business.

Q:How to get an MBA Project Management degree?

A:In order to get an MBA Project Management degree, you enroll in an MBA in Project Management program. To do so, you must hold at least a bachelor's degree with appropriate work experience in management or construction. The MBA program includes courses in the areas of labor law, labor relations, occupational safety, cost management, quality assurance and project planning & execution. After completing this degree, the Project Management Professional (PMP) certification can be obtained, such as through the Project Management Institute

Q:I want to earn a project management MBA online degree. Can you give me some tips to perform well in the program?

A:If you wish to earn a project management MBA online degree, you will need to stay consistent and focused throughout the program. Online programs require a lot of responsibility on your part and self-management can really help you excel in the course. Be regular in your classes, revise your lectures, participate in class discussions, complete your assignments in time, and follow project management news in order to perform well.

Q:What is the duration of the MBA in Project Management?

A:MBA in Project Management can take around two years to complete, if you choose to pursue the regular track. However, the duration of MBA can vary according to the program you choose. Program types include accelerated, executive, or online programs. Accelerated programs can approximately take 18 months, executive programs normally take more than three years, and online programs depend on the pace of the student.

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