Project Management (MBA) Master's Degree

Find out what project managers do on a day-to-day basis, and review how you can train to become one through an MBA program in project management. Get info on the typical curriculum for these programs, and check the prerequisites for enrollment. Read about the salary potential for project managers, and learn what other jobs you could pursue with an MBA in Project Management. Schools offering Business Management degrees can also be found in these popular choices.

What Will I Learn in an MBA Program?

Coursework in an MBA program with an emphasis in project management provides training in traditional business practices, such as entrepreneurship, finance and accounting, sales and human resources management, combined with coursework that focuses on project management. These courses include project planning and initiation, financial and managerial accounting, operations management, organizational behavior and fundamentals of information technology.

If you enroll in an online program, you may be required to attend on-campus learning sessions several times a year. An internship, capstone experience and study abroad may be integrated into the program. Other classes found in these types of MBA programs include:

  • Project management systems
  • Risk control
  • Organizational leadership
  • Cost control and efficiency
  • Project scheduling
  • Budgeting
  • Quality control practices
  • Corporate accountability
  • Strategic planning

Common Courses Organizational behavior, operations management, information technology, managerial accounting, project planning
Prerequisites Bachelor's degree is required; schools may also need standardized test scores
Key Skills Strong mathematical foundation, clear communication, critical thinking, analytical ability
Career Options Promotions, consulting, logistics, venture capitalism
Median Salary (2014) $106,182 per year

Source: Salary.com

What Are the Prerequisites?

The minimum requirement for consideration for this program is a bachelor's degree, although some programs may prefer candidates with a graduate degree or professional business experience. However, the admission to many programs is competitive and takes into account both educational and professional accomplishments. You should also expect to submit General Management Admission Test (GMAT) scores as well as a resume. Classes like psychology, microeconomics, accounting, marketing and public relations could be useful for incoming students.

What Does a Project Manager Do?

A project manager supervises the execution and completion of projects. Project managers are needed in many fields, including information technology, healthcare, marketing, engineering and construction. You might be responsible for delegating tasks to team members, project planning, setting deadlines and allocating resources. Additionally, you could be in charge of budgeting, coordinating and collaborating with other organizations, preparing project reports for executives or ensuring operational efficiency. Your job duties will vary according to the industry and types of projects with which you work.

What About Jobs and Salaries?

Salary.com reported that project managers with several years of business experience earned a median annual salary of $106,182 as of February 2016. The top 25% of project managers made upwards of $119,554, while the bottom 10% made $83,486 per year or less. However, you could also be eligible for jobs in the following areas:

  • Promotion management
  • Consulting
  • Healthcare service administration
  • Venture capital
  • Logistics
  • Operations management
  • Media buying

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:

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The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

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