Kanhaiya Kumar
Table of Contents
MBA in Project Management
People who like working on projects and directing others may wish to explore pursuing an MBA in project management. An MBA allows students to advance in their area of expertise while also improving the workplace as a whole. So, what exactly is a MBA Project Management?
An MBA in Project Management is a master’s degree in business administration that focuses on leadership and problem solving. In a fast globalizing industry, the abilities required to effectively build and execute a business strategy in real time are in high demand. Students will be prepared to respond decisively and strategically in real-world settings as a result of this curriculum. A degree with a concentration in Project Management shows a significant skill set for any company striving to become more efficient and profitable.
For a variety of reasons, an MBA in Project Management is a useful degree choice. Several of these programs provide chances to get hands-on experience in the field. Although essential disciplines such as financial analysis and marketing are still beneficial, there is a focus on result-specific courses such as time and cost management, which stress plan execution and supervision.
MBA in Project Management Highlights –
| MBA in Project Management Course-Level | Postgraduate |
| MBA in Project Management Duration | 2 Years |
| MBA in Project Management Eligibility | Bachelor’s degree with the minimum work experience |
| MBA in Project Management Admission Process | Merit and Entrance-based |
| MBA in Project Management Course Fee | Up to INR 10 Lakhs |
| MBA in Project Management Average Salary | INR 3-20 Lakhs per annum |
The cost of a degree will vary depending on the school and other considerations such as whether the program is meant to last one year or three. Students should do research on various programs to locate the one that best fits their needs.
Employers in engineering, construction, and information science, to mention a few, find an MBA in Project Management to be a precious asset. The curriculum teaches students how to prepare for and achieve the most efficient applications for a firm. Those who understand on-the-ground concerns like supply chain management and can exhibit the communication skills necessary to lead successfully are in high demand in global enterprises.
There are several worldwide possibilities for earning an MBA in Project Management. Remote learning allows you to manage your time on your own terms. Online learning allows you to further your education and enhance your career chances while still satisfying other duties. Browse for your program below and fill out the lead form to contact the admission office of the institution of your choosing.
MBA is a two-year professional degree program that offers a variety of specializations. Applicants from all streams may choose an MBA specialization depending on their interests and future objectives. Project Management is one of the more than 50 MBA specializations available. An MBA in Project Management teaches students how to divide a major project into smaller tasks to make it more manageable. In other words, a project management degree enables one to manage and complete tasks.
MBA in Project Management Quick Questions
Q. Who Should Study for an MBA in Project Management?
Ans. The MBA in Project Management aims to improve discussion and information exchange in the areas of strategic organization, analytical work management, and leadership capacity. Below is a list of key characteristics that applicants should consider while choosing an MBA program in project management:
- Those who want to be leaders and trailblazers in their fields.
- Students with a BBA or Bachelor’s degree in a related discipline should be allowed to enroll.
- After working in the area for at least a year, candidates may enroll in the course to sharpen and improve their project management skills.
Q. When Should You Get an MBA in Project Management?
Ans. Project administration MBA programs at both the national and international levels provide professional prospects in a variety of fields. A few factors that impact MBA in project management are as follows:
- Before pursuing an MBA in Project Management, it is recommended to have at least a year of experience as a Project Manager, Marketing Manager, etc. Gaining weight while being welcomed is beneficial, even if it is optional.
- Candidates must have between three and five years of work experience if they wish to pursue an MBA overseas.
- Due to the high expense of the program, it is recommended that you have some resources and employment experience before enrolling in an MBA in Project management.
List of Private and Public MBA in Project Management Colleges in India
In India, there are 28 private, 5 public, and 1 public private MBA in project management colleges.
India’s Private MBA in Project Management Schools
The table below shows a list of private colleges and their yearly fees:
| College Name | Total Tuition Fee |
|---|---|
| Praxis Business School | INR 8.91 lakh |
| Pune Institute of Business Management (PIMB) | INR 7.45 lakh |
| MIT College of Management | INR 3.58 lakh |
| BITM | INR 10.6 lakh |
| Universal Business School | INR 9.98 lakh- INR 10.98 lakh |
List of Public MBA in Project Management Colleges in India
Below table showing list of public colleges with their annual fees:
| Public Colleges | Total Tuition Fee |
|---|---|
| The Gandhigram Rural Institute | INR 61,240 |
| Madurai Kamaraj University | INR 9,400- INR 36,400 |
| Alagappa University | INR 25,700 |
MBA Programs in Project Management in India Eligibility
The qualifying requirements for an MBA in Project Management program may vary across universities. The core qualifying requirements for the course, however, remain the same. The following are the eligibility requirements for an MBA in Project Management:
- Qualification Exam/Degree: Candidates must have a bachelor’s degree from an accredited institution or institute.
- Qualifying Score: Most MBA in Project Management programs have a minimum score requirement. Applicants in unreserved categories must have a minimum average score of 50% or above. The minimum score for restricted category applicants is 45%.
- Provisional Eligibility:If the results of the final year examinations for a bachelor’s degree are still pending, applicants are eligible for provisional admission until a set deadline stipulated by the college regulations.
All About MBA in Project Management
The Master of Business Administration in Project Management program is a two-year degree that may be completed in a number of ways. Each semester covers a full school year’s worth of coursework. Project planning and management, project control, risk assessment, finance, and permissions are among the topics addressed.
Why Should You Get an MBA in Project Management?
Project Management courses give information, skills, tools, and approaches aimed at meeting and exceeding the company’s objectives. The MBA in Project Management graduate will be able to create, assess, and apply the taught abilities in projects, as well as finish projects in a timely manner. Let us learn more about “why select MBA in Project Management” by asking three easy questions.
What is an MBA in Project Management?
MBA in project management is a two-year post-graduate degree. An MBA in Project Management is the practice of guiding work in a team to accomplish objectives and reach success within a certain time frame. The major task of a project management team is to complete all project objectives within a specified time frame. MBA in Project Management is a developing and dynamic commercial career that encompasses the planning, coordination, and evaluation of works of all kinds, as well as the management of the people and risks involved.
MBA in Project Management focuses on the skills, knowledge, and strategies required to advance your career as a senior team leader, project manager, or project director managing projects of all sizes.
What Is the Role of a Project Manager?
A project manager’s duties are as follows:
Reach Project Goals: MBA in Project Management is the use of techniques, methods, skills, knowledge, and experience to accomplish specified project goals within the boundaries agreed upon by two or more persons or businesses.
Create Strategies: The primary goal of a project manager is to execute a project effectively as quickly as feasible within a certain deadline. When engaging organizations, project managers use all of their expertise and numerous project management tactics to assist organizer teams in completing assignments in accordance with their success criteria.
Why is an MBA in Project Management Course a Rewarding Professional Path?
Demand: India is attempting to establish itself as an international powerhouse. MNCs coming here are sure that India can lead its initiatives and has a large number of skilled individuals who can assist MNCs. Current project managers are busy honing their skills and learning more about the many streams, while newcomers are eager to learn and improve.
Skill development is the process of controlling and handling tasks via proper preparation and execution. It assists in prioritizing work allocated to a certain individual and tracking their completion.
Entrance Exam
There are some very reputed entrance exams, for which a candidate can appear for gaining admission to the MBA Project Management course. A few of those examinations are discussed below for the candidate’s support:
| Exams |
|---|
| IBSAT 2023 |
| CAT 2023 |
| TISS NET 2023 |
| SNAP 2023 |
| NMAT 2023 |
| MAT 2023 (February Session) |
| CMAT 2023 |
| ATMA 2023 |
| MAH-CET 2023 |
| IIFT 2023 |
| XLRI XAT 2023 |
MBA in Project Management Distance Education
Distance learning courses are good for those candidates who are either working or cannot travel from their hometown to pursue this course. One can also pursue this course from distance learning. A few colleges and universities are also offering this course from correspondence. The average fee for this course is usually lower than pursuing MBA in Project Management from Abroad or pursuing it full-time.
Top colleges
| College/ University Name | Average Fee (INR in Lakhs) |
|---|---|
| Jaipur National University, Jaipur | INR 43,100 |
| Alagappa University, Tamil Nadu | INR 72,600 |
| Dr. DY Patil Vidyapeeth Institute of Distance Learning, Maharashtra | INR 84,500 |
MBA in Project Management Online
| College Name | Cost per Credit (USD) |
|---|---|
| Regis University | 990 |
| Liberty University | 565 |
| Purdue University | 485 |
| University of mary | 550 |
| Pennsylvania State University | 1236 |
Top colleges in India
There are plenty of colleges that are offering this MBA Project Management course full-time. Given below are the college names, locations, and the average structure of the fees which will be taken by the college for this course.
| Colleges/Universities | Average Fee (INR in Lakhs) |
|---|---|
| Sikkim Manipal University | INR 5.5 Lakhs |
| Institute of Management and Research | INR 1.8 Lakhs |
| Institute of Business Management and Research | INR 2.35 Lakhs |
| Dibrugarh University | INR 1.04 Lakhs |
| Kanpur Institute of Technology | INR 1.6 Lakhs |
| Pacific University | INR 1.5 Lakhs |
| Sandip University | INR 74,000 |
| Rakshpal Bahadur Management Institute | INR 1.91 Lakhs |
| Invertis Institute of Management Studies | INR 2.7 Lakhs |
| Kalka Business School | INR 1.19 Lakhs |
Types of MBA in Project Management Courses
Aspirants can pursue the course in full-time or part-time mode. Below are the types of MBA in Project Management courses in detail:
Full-Time MBA in Project Management
A two-year, full-time MBA programme in project management is available. Practical knowledge is more important than theoretical understanding in this line of work. A full-time course provides the benefit of allowing students to connect closely with teachers and other students, thus expanding their exposure, experience, and knowledge.
Part-Time MBA in Project Management
There is a Part-time, two-year MBA programme in project management. In this line of business, practical expertise supersedes theoretical comprehension. MBA in project management part is offered by various institutions while allowing students to focus on the work.
Distance MBA in Project Management
The two to three-year online project management MBA programme is now complete. An MBA in project management distance education is the best choice after receiving a bachelor’s degree but lacks the time to attend conventional classes.
Popular Entrance Exams for MBA in Project Management
The aspirants need to appear for the entrance exams like national, state-level, or university-level exams to get admission to the desired college. Students who are interested in opting MBA in Project Management have to clear some of the entrance exams which include:
A Quick Glance at the MBA in Project Management Entrance Exams
An admission test is required to obtain an MBA in Project Management. The general exam format and structure of standard admission tests are listed below.
- Colleges have their own test pattern requirements, which include portions such as data interpretation, logical thinking, and mathematical aptitude.
- The admission test lasts three hours.
- The college/university will determine the pattern test.
- The test pattern differs depending on the college/university.
Top MBA in Project Management Colleges in India
Here is the list of MBA in project management colleges in India mentioned below according to the NIRF Rankings:-
| NIRF Rankings | Colleges |
|---|---|
| 9 | IIT Kanpur |
| 10 | IIM Indore |
| 16 | SPJIMR Mumbai |
| 19 | IIM Rohtak |
Top MBA in Project Management Colleges in Bangalore
Below is the list of colleges that are the top MBA in Project Management colleges in Bangalore:
| Institutions |
|---|
| NICC International College of Design and Technology |
| ISMS |
Top MBA in Project Management Colleges in Pune
Below is the list of colleges which are the top colleges for MBA in Project Management in Pune:
| Institution |
|---|
| NICMAR University |
| MIT WPU |
| Pune Institute of Business Management |
| ASM’s Institute of International Business and Research |
Top MBA in Project Management Colleges in Mumbai
The top MBA in Project Management Colleges of Mumbai are given below:
| Institution |
|---|
| National College |
| Athena School of Management |
| Universal Business School |
| NITIE |
Top MBA in Project Management Colleges in Delhi
Here is the list of top colleges of MBA in Project Management colleges in Delhi:
| Institution |
|---|
| Amity University |
| SRM Institute of Science and Technology |
Top MBA in Project Management Colleges in Chennai
Check the Table below for the top colleges in Chennai:
| Institution |
|---|
| Jaya College of Engineering |
Top MBA in Project Management Colleges in Kolkata
- Check the Table below for the top colleges in Kolkata:
| Institution |
|---|
| NMIMS |
| Praxis Business School |
| Indian School of Business Management and Administration |
| Amity University |
| ICFAI Business School |
MBA in Project Management job opportunities for graduates are mostly found in educational organizations or companies. The average salary of the graduates of MBA Project Management is around INR 5 – 8 LPA.
Career Prospects and Job Scope for an MBA Project Management
Graduates’ salaries in the field of MBA Project Management are affected by a number of variables, including the industry in which they find employment. A master’s in business administration (MBA) in project management prepares graduates for managerial positions in any industry.
MBA Project Management jobs for students are:
- Project Manager
- Project Cost Estimator
- Project Risk Manager
- Project Quality Manager2
Project Procurement Manager
- Project Leader
- Project Scheduler
- Project Planner
- Team Leader Test Manager
- Engineering Director
Job designation for MBA Project Management with experience:
- Project Analyst
- Project Management
- Executive
- Director of Operations
- General Manager
Areas of Recruitment for MBA Project Management
MBA Project Management graduates may work in a variety of sectors. Graduates may find employment as quality consultants, analysts, service managers, project leaders, business developers, or operations and supply chain managers. Some MBA in Project Management scope should consider:
The areas of recruitment are:
- Construction
- Financial Services
- Energy
- Engineering
- Software Development.
- Information Technology (IT)
Government Jobs for MBA Project Management Aspirants
The average MBA in Project Management salary includes INR 5 – 15 LPA according to the experience of more than 5 years. The job designations include:
Top Government Companies Job Profiles
- DFCCIL Assistant Project Manager
- HSCC Assistant Manager
- TISS Research Associate
How Should You Choose an MBA in Project Management?
An MBA in Project Management is becoming more popular among businesses. As the corporate environment becomes increasingly complicated and interwoven, the need for project managers who can effectively lead and supervise projects grows.
An MBA in Project Management is ideal for developing the skills and knowledge required for success in this sector. Some important considerations while choosing an MBA in Project Management:
1. Program curriculum: Ensure that the program you choose has a curriculum that covers all elements of project management. Project planning, execution, and control are examples of such issues.
2. Faculty: Choose a program with knowledgeable and experienced professors. This guarantees that you have the opportunity to get the greatest education available.
3. Accreditation: Verify that your chosen MBA in Project Management program is accredited by a renowned body, guaranteeing that the program satisfies high requirements.
4. Location: Take into account the program’s location. If you wish to pursue your degree online, be sure that the program is offered by a recognized online institution.
5. Tuition: There is no one-size-fits-all solution when it comes to tuition. Each person’s scenario is unique. Assess your budget and choose a program that meets your budgetary requirements.
Frequently Asked Questions About MBA in Project Management
Q. Is MBA in Project Management worth it?
Ans. An MBA in Project Management might help you discover your new job path. Whether you want to work in healthcare, construction, the oil industry, finance, utilities, or information technology, this degree might help you get started.
Q. How much do MBA in Project Management programs cost in India?
Ans. Fees for MBA in Project Management programs in India vary. The course price for the majority of MBA in Project Management institutes in India exceeds INR 5 lakh. As a result, earning an MBA in Project Management in India is regarded costly.
Q. What exactly is an MBA in project management?
Ans. A master of business administration (MBA) in project management equips graduates with the knowledge and expertise required for advanced managerial positions. Accounting, finance, human resources, strategic planning, and business operations are all covered in an MBA program.
Q. Is an MBA in project management beneficial?
Ans. Integrating an MBA degree with project management education provides graduates with a better overall knowledge of how projects may help overall company operations. It provides obvious benefits by definition. Project management is the business of the future. It is a source of progress and innovation in all sectors.
