Online MBA Degree in Project Management
Find out how online MBA programs in project management work. Review the typical curriculum in these programs, and get employment outlook and salary info for project managers. Learn about some alternate careers you could pursue with a project management MBA. Schools offering Business Management degrees can also be found in these popular choices.
What Will I Study During an Online Master of Business Administration Program?
An MBA program with a concentration in project management covers several areas of business and can be taken entirely online. You'll study marketing, accounting, finance, leadership, management and business law. You'll also develop project management skills, such as cost control and scheduling, risk management, quality control management and contracting. MBA programs can typically be completed in 2-3 years. You might take courses in:
- International trade
- Strategic planning
- Corporate accounting
- Business law
- Leadership and supervision
|Common Courses||Finance, management, leadership, business law, accounting|
|Technology Requirements||A computer with Internet access that meets the hardware and software specifications set by the institution|
|Median Salary (2016)||$68,025 per year (for entry-level project managers)|
|Work Environments||Purchasing, Internet business, retail sales, media sales, operations analysis and consulting|
How Will I Learn Online?
During an online MBA program specializing in project management, you'll collaborate with your peers by working on projects and case studies through e-mail correspondence and chat features. You can also work independently by completing online exercises, quizzes and readings. Online MBA programs usually require you to purchase an antivirus system, along with specific Web browsers and office software programs. You also might need a DVD drive and a high-speed Internet connection.
What Can I Do With My Degree?
An online MBA program can prepare you to apply for positions as a project manager. A project manager makes sure projects get done on time and on budget. You might be responsible for allocating monetary resources, assigning tasks to employees, preparing timelines and maintaining operational efficiency. Other job responsibilities could include preparing reports for upper management and collaborating with professionals from other departments. Project managers could work in many different industries, including civil engineering, construction, healthcare administration or software development.
In February of 2016, Salary.com reported that experienced project managers earned a median annual salary of $106,182. Top-earning project managers made more than $131,728 per year, while the lowest-paid made $83,486 or less during the same time. Salary.com also reported that entry-level project managers earned a median annual wage of $68,025 in February of 2016.
Can I Pursue Other Careers?
If your area of emphasis is project management, you don't necessarily need to become a project manager. You might qualify for management positions at government institutions, nonprofit organizations or private businesses. Alternatively, you could start your own business or work as an independent consultant. You might work in the following areas of business:
- Advertising and marketing
- Media sales
- Operations analysis and consulting
- Regional sales
- Internet business
To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below: