Enrolling in an online Project Management MBA program ensures that students will be able to improve their skills and build a fulfilling career with high earning potential.
From business to engineering to healthcare and beyond, every industry benefits from project managers. And with the growing demand, job openings in this field only seem to be increasing. According to the Project Management Institute, you can expect 22 million new project management job openings through 2027, making it a great time to get an online MBA.
An online MBA in project management can hone your skills and set you apart from your competitors. It will prove that you have the tools and the know-how to turn big ideas into real results. Another benefit is that you can continue working and advancing your career with this online MBA from the comfort of your home at lower prices.
If you want to know more about the MBA degree in Project Management, here is a quick overview of what the program is:
What is an MBA in Project Management?
The Online MBA in Project Management is a two-year postgraduate program that equips you with the skills necessary to excel in the field of project management, including analytical skills, time management skills, team building skills and problem solving skills. It focuses more on action than on theory to manage the challenges and conflicts that arise during the life cycle of a project.
In addition, this online MBA will give you the opportunity to propose and implement innovative procedures for workers to successfully achieve a project objective and require strategic thinking about how a company can achieve its objectives, allowing you to stand out from the ordinary.
Benefits of taking an online MBA in Project Management program:
A degree in project management can have a positive impact on your success in your personal and professional life.
This gives you an advantage.
Project management is an in-demand skill. People who have a high level of organizational and leadership skills are needed in industries such as healthcare, technology, engineering, financial services, and law. With the growing demand for businesses to become smarter and more efficient, the skills you’ll learn in any Project Management MBA degree will give you an edge over the competition.
As one of the best online MBA courses, investing in this program teaches you how to bring your ideas to life, become a better leader, keep team members motivated, and ensure they have all the the resources needed to do their job properly. You’ll be better organized, boosting your career and giving you a competitive edge over others.
Better career prospects
With a growing demand in several industries due to the nature of this job, adding project management skills makes you even more marketable and gives you better career prospects. According to the PMI report, the number of jobs related to project management is expected to increase by 33%. This means 22 million new job opportunities.
An online MBA in this field will effectively show that you are ready to go above and beyond in this type of career. Keep in mind that gaining access to higher-level positions means you could increase your earning potential while also enjoying a successful career.
– Project analyst
– Project Manager
– Project planner
– Program manager
– Responsible for project procurement
– The Project Risk Manager
Greater earning potential
One of the most significant benefits of pursuing an online MBA in Project Management program is that you will land a job that is not only challenging and rewarding but also well paying. Depending on your area of interest and the projects you are hired for, as well as your experience and education, you can expect a 23% increase over those without a management degree of project.
According to Glassdoor, the average project manager salary in India is around Rs 14,00,000. For comparison, the average software developer salary in India is only around Rs 5,000,000. So being a project manager could earn you nearly three times as much income as your software developer peers. .
Respect of deadlines
Deadlines are a symbol of danger that you should always avoid. Statistics suggest that 40% of people have suffered financial loss due to procrastination. And when you’re juggling multiple projects at once, you need a strategy to maintain balance and deliver equal value to everyone. What better way to learn it than through an online MBA?
The advantage of an online MBA project management program is that you are assigned to real-world projects that test your management and problem-solving skills. It also puts you in real-life situations so you can become project managers who value time management over every other aspect and meet every deadline given to you.
To conclude, enrolling in an online MBA project management program ensures that you will be able to improve your skills and build a fulfilling career with high salary potential. This in-demand skill focuses on problem-based learning to help you develop the right skill set for this type of career so you can stand out from the crowd and become a skilled project manager.