Online Master's in Project Management | Admissions, Tuition & Curriculum

To help you learn more about online master's degree programs in project management, we've outlined admissions requirements, a course and specialization list, and tuition costs, along with more key information below.

What Is an Online Master's Degree in Project Management?

A master's degree in project management gives students a deeper understanding of managing complex projects than a bachelor's program alone would. Although it isn't required to be a project manager, graduates are better job candidates and have the potential for a higher salary.

This program focuses on planning, executing, monitoring, and closing projects within various constraints like time, budget, and resources. It prepares professionals to lead and manage projects effectively, ensuring alignment with organizational goals.

The online format offers flexibility, making it accessible to working professionals who want to enhance their project management skills without interrupting their careers.

Graduates from this program are equipped with the tools and methodologies needed to manage projects across different sectors, including construction, IT, healthcare, and finance.

They gain a strong foundation in both the theoretical and practical aspects of project management, preparing them for roles such as project managers, program directors, or consultants.

Online Master's Degree in Project Management Admissions Requirements

To apply for an online master's degree in project management, prospective students generally need to meet some requirements. Ensure that you can check off each of the following requirements.

• bachelor's degree from an accredited institution, preferably in business, management, or a related field
• GPA around 3.0 on a 4.0 scale (In some cases, programs may also consider other factors instead of or alongside GPA, such as professional experience, strong GRE or GMAT scores, or letters of recommendation.)
• official transcripts from all previously attended colleges or universities
• statement of purpose detailing career goals, interest in project management, and reasons for pursuing the degree
• letters of recommendation, usually from academic or professional references.
• current resume highlighting relevant work experience, particularly in roles related to project management or leadership.
• GMAT or GRE scores (may be optional depending on the program).

Tips for Applying To an Online Master's in Project Management Degree Program

When applying for an online master's in project management, keep these questions in mind before submitting the application.

• Did I highlight the experience I have in managing previous projects? Did I include specific details?
• Is my statement of purpose clear? Do I explain why I want to pursue this degree?
• Do I discuss other relevant skills such as leadership, communication, and financial planning?
• Did I choose strong references to write my letters of recommendation? Are they able to discuss my strengths surrounding project management?
• Am I comfortable using Microsoft Project, Asana, and Trello? Did I mention my proficiency in my application?
• Did I review the exact requirements for this program? Did I adjust my application to align with the program's expectations?
• Am I ready for an interview? Can I discuss my experience, motivation, and future plans confidently?

Types of Online Master's Programs in Project Management

Consider the following types of online project management programs, including a project management MBA, when researching the program you want to enroll in.

• Master of Science in project management (MSPM): focuses on the technical and strategic aspects of project management, providing a deep understanding of project planning, execution, and control
• Master of Business Administration (MBA) with a concentration in project management: combines business and project management training, making it ideal for those looking to apply project management skills in a broader business context
• Master of Science in project and program management: emphasizes both project and program management, preparing graduates to oversee multiple projects or programs within an organization
• Master of Science in agile project management: focuses on agile methodologies, ideal for those working in fast-paced industries like software development or marketing
• Master of Science in construction management: emphasizes project management in the construction industry, including contract management, site planning, and regulatory compliance
• Master of Science in information technology with a concentration in project management: prepares students to manage technology-related projects, focusing on software development, IT infrastructure, and digital transformation initiatives.

Online Master's Degree in Project Management Coursework

Because of the many types of project management master's degree options, the coursework will be quite different. However, we've listed some common topics that you can expect to take classes about.

• Project risk management: techniques for identifying and managing risks throughout a project's life cycle
• Project scheduling and control: tools and methods for developing project schedules, monitoring progress, and making adjustments to ensure timely completion
• Cost management: understanding budgeting, cost estimation, and financial control of projects to keep them within financial constraints
• Leadership and team dynamics: strategies for leading diverse teams, resolving conflicts, and motivating team members to achieve project goals
• Quality management: focuses on quality planning, assurance, and control processes to ensure project outputs meet the required standards
• Strategic project management: aligning projects with organizational strategy to ensure they deliver maximum value

Timeline To Complete an Online Master's Degree in Project Management

It can take anywhere from 18 months to three years to complete your master's degree in project management. Factors that may affect this timeline include:

• Enrollment status: Full-time students usually complete the program faster than part-time students.
• Program structure: Some programs offer accelerated paths or allow students to take more courses per term.
• Course load: The number of courses taken each semester can impact how quickly a student progresses through the program.
• Professional and personal commitments: Balancing work, family, and studies may extend the time needed to complete the degree.
• Prior learning credits: Some programs offer credit for prior coursework or professional certifications, potentially reducing the time required.

Cost of an Online Master's Degree in Project Management

Online master's programs in project management cost anywhere from $20,000 to $75,000 in tuition according to U.S. News.

• Southern New Hampshire University: $637 per credit (36 credits total)
• New York University: $2,208.50+ per credit (36 credits total)
• Arizona State University: $762+ per credit (33 credits total)
• Penn State World Campus: $1,027 per credit (30 credits total)
• University of Denver: $834 per credit (48 credits total)

How To Pay for an Online Master's Degree in Project Management

Paying for an online project management degree may seem overwhelming, but if you use some of the ideas listed below, you could reduce your overall cost.

Industry-Specific Scholarships

Many organizations, such as the Project Management Institute (PMI), offer scholarships specifically for students pursuing project management degrees.

Employer Tuition Reimbursement

Some companies offer tuition assistance or reimbursement for employees who are advancing their skills in project management. Discuss this benefit with your employer, especially if your enhanced skills will directly benefit the organization.

Professional Development Grants

Many professional organizations provide grants to their members pursuing advanced degrees. Consider joining associations like PMI or APM to access these opportunities.

Income Share Agreements (ISAs)

Some institutions offer ISAs where you pay a percentage of your future income for a set period instead of upfront tuition fees. This can reduce immediate financial pressure.

Online Learning Grants

Some organizations provide grants specifically for online learners. Research these opportunities to find potential funding sources tailored to your needs.

Careers With an Online Master's Degree in Project Management

Graduates with an online master's degree in project management can pursue various career paths, including:

• Project manager: plans, executes, and oversees projects, ensuring they are completed on time, within budget, and to the required standards
• Program manager: manages multiple related projects, coordinating efforts to achieve strategic objectives and deliver value to the organization
• Project management consultant: provides expert advice to organizations on best practices for project management, helping them optimize processes and improve outcomes
• Construction project manager: oversees construction projects from start to finish, ensuring compliance with regulations and efficient resource management
• IT project manager: leads IT projects, including software development, system implementation, and digital transformation initiatives.

By focusing on these key areas, you can create a compelling application that showcases your qualifications and readiness for an online master's in project management program.

FAQs About an Online Master's Degree in Project Management

Here are some frequently asked questions that explain what you can expect from an online master's degree in project management, its value, and the career opportunities it can unlock.

Is Getting an Online Master's Degree in Project Management Worth It?

It's currently controversial among those in the project management field whether or not earning a master's degree in project management is worthwhile. Since it's not necessary to become a project manager and does not automatically lead to a Project Management Professional (PMP) certification, some may advise against earning it.

To decide if this degree is right for you, you need to evaluate your career goals and funds. Would an MBA be more beneficial? Should you gain a couple of years of experience first before deciding? Talk to some project management professionals to get their opinions as well.

Which Is Better: an MBA or a Master's in Project Management?

Choosing between an MBA and a master's in project management depends on your career goals and interests. An MBA offers a broad business education, covering areas like finance, marketing, and operations, and is ideal for those looking to understand overall business management and leadership.

In contrast, a master's in project management focuses specifically on the skills and knowledge needed to manage projects successfully, such as project planning, execution, monitoring, and completion.

If you aim to specialize in project management or lead project-based initiatives, a master's in project management may be more beneficial. However, if you want a broader business role or are considering executive positions, an MBA might be more suitable.

Can You Be a Project Manager Without a Master's Degree?

Yes, you can become a project manager without a master's degree. Many successful project managers have risen through the ranks based on experience and on-the-job training.

Certifications such as the Project Management Professional (PMP) or Certified Associate in Project Management (CAPM) are also highly valued by employers and can demonstrate proficiency in project management skills.

However, a master's degree in project management can provide a more comprehensive understanding of advanced concepts and methodologies, preparing you for higher-level roles and increasing your competitiveness in the job market.

Is an Online Master's Degree in Project Management Difficult?

The difficulty of an online master's degree in project management can vary depending on your prior knowledge and experience in the field. The program requires a commitment to mastering complex concepts such as risk management, project scheduling, financial management, and leadership.

Students are expected to engage in critical thinking and apply theoretical knowledge to real-world scenarios. Those with a background in business or management may find the program more manageable, while those new to the field may face a steeper learning curve.

Is an Online Master's Degree Respected?

Yes, an online master's degree is respected when it comes from an accredited institution. Employers recognize the value of online education, especially for working professionals who balance their studies with career and personal commitments.

Do I Need Work Experience to Apply for an Online Master's Degree in Project Management?

Having relevant work experience can enhance your application, but it isn't necessarily required. This experience can provide a practical foundation for the advanced concepts covered in the program.