Online MBA in Project Management 2021

Online MBA in Project Management 2021

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Project managers plan and oversee the timely completion of business projects. They prepare budgets, allocate resources, and monitor the project from start to finish. These managers begin their careers with a bachelor's degree in business, project management, or a related field. Many pursue an MBA in project management degree to enhance their career prospects or enter the job market with advanced skills.

An MBA in project management produces experts knowledgeable about business operations. Alumni possess specialized project management skills employers need to optimize business processes. Graduates enter a job market with good employment prospects. Project management specialists earn a $77,420 median wage, according to the Bureau of Labor Statistics (BLS).

This guide provides a ranking of the top online MBA in project management degrees. It also explores required coursework, job and salary outlook, certifications, and scholarship opportunities for students.

AffordableCollegesOnline.org is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

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MBA Students FAQs About Project Management

true Q. Why is project management relevant for an MBA?

An MBA prepares business managers with expertise in areas such as accounting and finance. Project managers blend this experience with project management skills to efficiently produce goods and services.

true Q. What jobs can I get with an MBA in project management?

Graduates assume roles such as project manager, program manager, and project management specialist. Job titles may also reflect various project management niches.

true Q. What do project managers do?

Project managers define the steps and resources necessary to initiate and complete a project. They develop a schedule, monitor staff and costs, and provide updates to stakeholders.

true Q. What is covered in an MBA in project management?

Students learn advanced business administration concepts as well as project management technical expertise. These skills include budgeting, managing teams, overseeing contracts, and using project management software.

Why Get an MBA in Project Management?

Companies need project managers for various initiatives. The Project Management Institute (PMI) notes that over the next three years, organizations and industries plan to launch major projects in fields including healthcare, online education, and logistics. An MBA in project management enhances managers' employability and competitiveness in the job market.

Online MBA in project management degree-seekers acquire theoretical and practical skills applicable across many sectors, giving employees great flexibility. Students build a network of professional connections that can lead to job opportunities after graduation. Many of the nation's top business schools offer MBAs online, letting workers earn a degree while continuing to work. Learners must consider a number of factors as they explore schools, including the price of tuition.

How Much Does an MBA in Project Management Cost?

Tuition costs depend on several factors such as school, location, and learning format. Based on a sampling of schools, learners may pay $550-$1,716 per credit for an online MBA in project management degree. Online programs cost significantly less than the $140,000 average for full-time programs at brick-and-mortar institutions.

Online degree-seekers avoid many traditional MBA expenses such as room, board, and transportation. In-state tuition costs less than out-of-state tuition, but many programs charge an affordable flat rate tuition for e-learners. Private institutions typically charge higher tuition than public schools.

Bachelor's in business degree-holders may receive a waiver for foundational coursework, saving time and money. Colleges with generous financial aid packages help make an MBA in project management degree more affordable.

Break down your current financial situation, and receive a college tuition estimate you can afford to pay.

How Much Do MBA in Project Management Majors Make?

Project management specialists make a $77,420 median salary, according to the BLS. Pay depends on various factors such as role, location, and industry. An entry-level project manager earns $56,370 on average, according to April 2021 PayScale data. Those with 1-4 years of experience average $64,840, and the most experienced earn a $91,150 average. Project managers with enough experience can assume roles such as senior project manager of operations. March 2021 PayScale data reports these professionals averaging $99,960.

Project managers with in-demand skills such as Cisco networking, Oracle, and development operations, enhance their salaries by 40-47%. Certifications also enhance earnings and job prospects. Project managers with Project Management Professional (PMP) certification earn 22% higher wages than those without it, according to the PMI.

Courses in MBA in Project Management Programs

An MBA in project management examines a company's key operational areas. Students learn the best practices and tools project managers use to oversee projects and teams. Enrollees complete 30-48 credits in 12-24 months. The curriculum may begin with foundation courses such as accounting, marketing, and economics. An MBA core develops managerial skills in financial, operations, and strategic management.

MBA students advance to a concentration in project management or use elective credits to complete the specialization. Coursework emphasizes collaboration, creativity, and teamwork through various projects. Internship opportunities give degree-seekers hands-on experience with managers at a real company. The degree culminates in a capstone project integrating lessons learned. The following lists three courses commonly found in an online MBA in project management.

Certifications and Licensure for MBA in Project Management Students

Project managers pursue certifications to prove advanced skills and move their careers forward. Several organizations offer generalist and specialized certifications. Students qualify for these credentials based on their education and work experience. The following list outlines three key certifications for project managers.

PMI offers the PMP designation, the leading project management credential. Candidates need a bachelor's degree and 36 months of experience leading projects to take the PMP exam. PMI awards the PgMP designation to managers who coordinate and oversee multiple related projects. Applicants qualify to sit for the PgMP exam with a bachelor's and 48 months of project/program management experience. Project managers who manage product development and work with project teams can earn the PMI-PBA. Eligibility criteria include a bachelor's degree, 36 months of business analysis experience, and 35 s of business analysis education.

Scholarships for Project Management MBA Students

Scholarships provide funding for online MBA in project management degree-seekers. Students do not need to repay ships, making this a great form of financial aid. Funding organizations establish eligibility requirements for each ship. The following lists three ship opportunities.

Scholarship Amount Who Can Apply

Dr. Harold Kerzner Scholarships

Up to $7,500 The Project Management Institute Educational Foundation awards this ship to undergraduate and graduate students pursuing project management or related degrees. Candidates submit school transcripts and an application.

ARES PRISM Project Management Scholarship

$1,000 ARES PRISM offers this ship to students pursuing degrees in project management or related fields. Candidates need a minimum 2.75 GPA and must submit an essay and school transcripts.

Forté MBA Fellowships

Scholarships and extensive benefits Forté offers a prestigious fellowship to advance women in business. Female candidates apply to an MBA program in the Forté partnership of schools. Once admitted, they receive varying ship amounts and Forté benefits.

Online MBA in Project Management Programs 2021

  1. Purdue University-Main Campus
    Location

    West Lafayette, IN

    Purdue runs a global campus with programs for working students. Learners gain practical operations and managerial skills in the online MBA in project management. The program teaches enrollees how to manage projects from start to finish.

    Students complete 76 quarter credits. Enrollees master various business functions such as financial management and HR management. One course focuses on best practices to improve and manage business processes. The 16-credit concentration explores the decision-making process involved in launching projects. Enrollees learn how to plan, execute, and close projects. They also study ethical and legal issues in project management.

    During an MBA capstone, participants apply their knowledge in team assignments and a business simulation. All students pay the same tuition regardless of residency. Admission requires a bachelor's degree and minimum 2.5 GPA.

  2. University of Louisiana at Lafayette
    Location

    Lafayette, LA

    UL Lafayette's online MBA provides business training in several specializations.

    Students can complete the 33-credit online MBA with a concentration in project management in 15 months. The program requires foundational coursework for non-business majors. Enrollees explore business topics such as marketing and finance.

    The concentration develops managers who understand how to oversee projects. Degree-seekers study resource allocation and performance measurement. Participants master scheduling techniques and examine how to control project costs. The program requires proctored exams for many courses.

    Enrollees can access online tutoring, library, and career services. Eight-week courses help accelerate degree completion. UL Lafayette offers flat-rate tuition for online students. Tuition includes all course materials. Admission requires a bachelor's degree and minimum 2.5 GPA. Some applicants must also provide GMAT scores.

  3. Central Michigan University
    Location

    Mount Pleasant, MI

    More than one-third of CMU's students qualify as online learners. The school offers an online MBA with a concentration in project management. This 36-credit MBA develops business leaders for a global economy. Learners study managerial accounting and data analysis. One core course also focuses on global sustainability challenges.

    The concentration begins with an overview of project management fundamentals. Degree-seekers advance to Lean Six Sigma practices. They learn how to create and evaluate project management solutions. Students apply their project organization, staffing, and qualitative skills in a simulated project. Learners show how to implement effective business strategies during a culminating experience.

    All students in this MBA in project management program pay a flat tuition rate regardless of residency. Admission requires a bachelor's degree, minimum 2.7 GPA, and recommended business coursework.

  4. Montclair State University
    Location

    Montclair, NJ

    Montclair is a public college in New Jersey. The school's online MBA with a project management concentration blends theoretical learning and practical application. Students can complete the degree in 27 months.

    Enrollees begin the 39-credit curriculum with an MBA core. These courses cover topics such as accounting and managerial economics. Degree-seekers study organizational behavior and workplace negotiations. They learn how to effectively plan and manage projects from start to finish. The concentration also explores risk analysis and management.

    All MBA students complete a course on sustainability and corporate responsibility. Montclair offers six start dates annually. Enrollees pay the same tuition regardless of residency. Admission to this online MBA in project management requires a bachelor's degree.

  5. Lamar University
    Location

    Beaumont, TX

    LU's online MBA program offers a customizable curriculum with 10 specializations. Students in the MBA in construction project management learn how to oversee complicated projects in the building industry. The fully online curriculum enrolls business and non-business majors. Degree-seekers without a business education may need to complete levelling courses. Enrollees can earn this accelerated, 30-credit MBA in 12 months.

    The MBA core covers topics such as enterprise resource planning and managerial decision-making. Students choose three courses in the construction project management concentration. They learn about cost management and sustainable practices. One course focuses on conflict and negotiation management in construction.

    Students pay the same tuition regardless of residency. Admission requires a bachelor's degree and minimum 2.5 GPA. Some applicants must submit GMAT or GRE scores.

  6. University of Mary
    Location

    Bismarck, ND

    Mary is a private Catholic college in North Dakota. Learners in the online MBA in project management program develop operational and quantitative skills. Students earn 700 hours toward project management professional certification. Degree-seekers can complete this degree in 16 months.

    The 36-credit curriculum requires a core that explores topics such as accounting and marketing. Learners study HR management and leadership best practices. Degree-seekers complete project management training through three courses that teach how to initiate, plan, and control projects.

    During a capstone, students address a problem or identify business opportunities within an organization. All students pay the same tuition regardless of residency. Admission requires a bachelor's degree and minimum 2.75 GPA.

  7. Maryville University of Saint Louis
    Location

    Saint Louis, MO

    Almost 70% of Maryville's 11,000 students classify as online learners. The school's online MBA offers 12 concentrations. The MBA in project management requires 36-39 credits. Full-time students can complete this degree in 12 months. Enrollees develop the skills necessary to lead projects.

    The program covers core business areas such as accounting and economics. The concentration explores the role of the project manager and the various phases of the project life cycle. A course explores the stages and activities in supply chain management. Students learn enterprise resource planning and control.

    All students pay the same tuition regardless of residency. Admission requires a bachelor's degree and financial accounting coursework.

  8. Webster University
    Location

    Saint Louis, MO

    Webster's online MBA offers an emphasis in project management. The degree's 39-42 credits cover core business administration topics. Enrollees begin the program focusing on quantitative skills.

    Participants learn how to create business plans based on comprehensive market analysis. They explore how to assess projects' viability. Specialized coursework introduces project management theory and practice. Enrollees study the procurement process. They also develop skills in project selection and resource management.

    Students supplement theoretical instruction with weekly sessions that emphasize how to apply skills learned. Online learners pay a flat tuition regardless of residency. Military personnel receive tuition discounts. Applicants need a bachelor's degree and minimum 2.5 GPA.

  9. Pennsylvania State University-World Campus
    Location

    University Park, PA

    Penn State World Campus offers about 150 online programs. The online MBA offers 24 specializations, including project management. The 48-credit curriculum covers areas such as financial accounting and financial management.

    Students learn strategies to manage supply chains in the global market. The nine-credit concentration focuses on problem-based learning. Enrollees learn how to apply cost-control techniques in project management. They develop skills to plan the project across the life cycle. One course explores legal issues and procurement practices in project management.

    Degree-seekers complete an on-campus or virtual residency. Admission to this online MBA in project management requires a bachelor's degree and school transcripts. The school offers GRE and GMAT waivers for qualified applicants.

  10. Dallas Baptist University
    Location

    Dallas, TX

    DBU offers an online MBA with a concentration in project management. Students complete the 36-credit curriculum in 24 months. The MBA core covers topics such as managerial accounting and corporate finance.

    The concentration aligns with the Project Management Institute's certification requirements. Participants learn how to define and organize various project stages. They explore how to assess, manage, and mitigate project risk. A concentration capstone focuses on managing resources. The program's cohort model helps build a strong community of businesspeople. Classrooms feature a 13-to-1 student-to-faculty ratio.

    MBA degree-seekers pay the same tuition regardless of residency. Admission requires a bachelor's degree, minimum 3.0 GPA, and GMAT scores.

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