MBA in Construction Management

Master of Business Administration or MBA in Construction Management is one of the most popular specialist curriculum tracks. The programme in India prepares students for the tough demands of modern business leadership by providing a diverse and nationally recognised foundation of the core curriculum. The programme consists of a combination of theoretical and applied courses focusing on real estate and urban infrastructure management. 

The best part is that candidates can choose from a variety of options for how they wish to study for this MBA programme. They can pursue a full-time MBA, part-time MBA, distance learning MBA, executive MBA, and other programmes aimed at improving their skills and horizon in the field of construction management. Aspirants after the completion of their bachelor's degree in the same or relevant field of study can pursue an MBA in Construction Management programme. Additionally, aspirants also have to give and qualify for an entrance exam like CAT/XAT/CMAT/NMAT/MAT/GMAT to seek admission for this course. 

Among the top MBA in Construction Management colleges in India are IITs, Amity University, Symbiosis Institute of Management Studies, GLA University, College of Engineering Pune, D.Y. Patil College of Engineering, KIIT School of Management and others. Candidates often pay anywhere between INR 5 lakhs and INR 25 lakhs for an MBA in Construction Management degree.

MBA in Construction Management candidates have several job prospects in both private and public sectors of the economy. They are often well suited for job roles like Project Administrator, Project Manager, Site Manager, Project Consultant, etc. Let us unveil everything about MBA in Construction Management degree here.

Let us first have a quick look at the highlights of MBA in Construction Management:

Construction management is a constantly growing sector where you can build a rewarding career. There is a place in this profession for aspirants who want to lead a team and choreograph the fine aspects of difficult projects. Whether they want job security or a position that puts their skills to the test every day, here are four excellent reasons to pursue an MBA in Construction Management.

• High Demand: Construction will become more important as people and industries develop. More homes, workplaces, hospitals, restaurants, and other structures will be needed to accommodate this increase. A construction manager oversees the work being done on every project. While demand for these positions is already high, the job market is expected to rise by 8% between 2019 and 2029. Even in a slowing economy, experienced managers are likely to remain competitive in the market.
• Opportunities for Advancement: There is lots of room for MBA in Construction Management graduates to move to new jobs within the construction industry, such as Senior Construction Managers, Site Managers, Site Engineers, Project Managers, and so on. As one gains experience and exposure to various projects in the real world, they can begin to climb up the ranks and earn well.
• Great Challenges and Rewards: Current construction trends favour more sophisticated, modern structures that incorporate smart technology and sustainability programmes. These projects are sometimes highly complicated, necessitating excellent problem-solving skills in order to control risk and stay under budget. MBA in Construction Management graduates will confront a variety of problems while working in the field, particularly when dealing with multiple perspectives, stringent government rules, and inclement weather. A good degree programme will prepare them to face these challenges.
• High Salary: Because of the long working hours, the rigour of the job, and the high demand for construction managers, the salary of MBA in Construction Management graduates will reflect these factors. Consider that the global median annual salary for construction managers in this industry in May 2020 is around USD 97,000. Depending on their bonus structures, one could possibly make more. However, keep in mind that income is also affected by job experience and expertise.

MBA degrees are available in a range of formats, including full-time and online degrees that can be completed from the convenience of one's own home. Each MBA programme offers the potential to get a thorough understanding of the business and construction management fields, but which should a person pursue? The following is an overview of the numerous MBA in Construction Management programmes available:

• Two-Year Full-time MBA: A two-year full-time MBA programme is one of the most common MBA programmes. Enrolling in a two-year MBA in Construction Management programme helps learners to sharpen their fundamental business skills while delving into specialised topics. The first year will cover core subjects like strategy, communication, finance, and marketing. Students will also be able to focus on subjects of their choice during elective modules and focus periods in year two. They will also be able to engage in a summer internship, which can sometimes lead to a full-time job offer after graduation.
• Part-Time MBA: For those who want to study for an MBA but do not want to take time away from their employment, a part-time MBA in Construction Management may be the best option. Part-time MBA programmes allow working professionals to create a curriculum that works around their schedules. Students' degrees are usually completed over a long period of time, ranging from 2 to 5 years or more. Candidates can also enrol in MBA FinTech with a weekly schedule of evening or weekend classes to complete the programme.
• Online MBA: Online MBA programmes enable students to acquire degrees from the convenience of their own homes, anywhere in the world. The same subjects will be covered in online MBA in Construction Management programmes as in traditional MBA programmes, and the same professors will be teaching them. They do, however, provide the extra benefit of a flexible learning environment. Students can complete classes at their leisure and study for an extended time, similar to a part-time programme.
• Executive MBA: Executive MBA programmes are designed for mid-career professionals who desire to ascend into positions of leadership. Because the MBA in Construction Management programmes place a great focus on the experience that each student offers, applicants must have at least 5 years of work experience. Part-time EMBA programmes are usually held in the evenings or on weekends. This enables trainees to continue working while immediately using their knowledge and abilities in their business as they advance.

There are many colleges and universities that offer an MBA in Construction Management degree in India to aspirants and each one of them has its own set of eligibility criteria that aspirants must fulfil in order to seek admission and pursue this programme. Moreover, some of the most general eligibility criteria to pursue this MBA programme are enlisted below for aspirants:

• Aspirants must hold a bachelor’s degree in a relevant field of study from a recognized university with at least 50% aggregate marks.
• Most of the time, preference is given to aspirants from architecture/engineering backgrounds. 
• Colleges also demand entrance exam qualifying marks for this programme like CAT/XAT/NMAT/CMAT/MAT/GMAT, etc.
• Furthermore, aspirants can also be asked to give personal interviews and group discussions. 

As previously stated, admission to MBA in Construction Management programmes are based on applicants' undergraduate degrees as well as the results of the entrance tests. Some of the most prevalent admission tests for candidates wishing to pursue an MBA in Construction Management in India are as follows:

• CAT (Common Admission Test)
• XAT (Xavier Aptitude Test)
• Common Management Admission Test (CMAT)
• GMAT (Graduate Management Admission Test)
• NMAT (NMIMS Management Aptitude Test)
• MAT (Management Aptitude Test)
• Other Entrance Exams

Note: Admission will be based on the score or rank attained in the entrance exam, as well as a personal interview and group discussion.

MBA admission is a four-step process in all major MBA institutes and colleges in India. These four MBA admissions processes apply to all MBA programmes, including the MBA in Construction Management. Students should be aware that top-tier business schools in India employ a stringent screening process to choose the best candidates.

Step 1: Register for an MBA Entrance Exam and Apply

The MBA in Construction Management admission to top MBA colleges begins in the first week of August/September and finishes in the last week of November. During the registration window, candidates seeking admission to top MBA programmes should register and apply for the relevant MBA entrance exam, such as CAT/XAT/NMAT/GMAT. The registration period for most national-level MBA entrance exams, such as the CAT and XAT, closes in September and November, respectively.

Step 2: Appear in Any of the MBA Entrance Exams

Those who wish to follow a management course PGDM/MBA programme specialising in Financial Technology from top MBA colleges must take the CAT, XAT, NMAT, or any equivalent entrance test accepted by colleges and business schools in India offering MBA in Construction Management.

Step 3: The Selection Process

Following the announcement of MBA exam results in January, most top business schools will shortlist qualified candidates for the final admission round based on exam scores, academics, diversity, work experience, and other parameters as determined by the respective B-school admission policy and weightages. The process is completed independently by each business school or institution.

Step 4: Final Admissions Round, GD-PI-WAT

All shortlisted candidates will be required to participate in a Group Discussion (GD), Written Ability Test (WAT), and Personal Interview (PI). Some B-schools additionally perform GD and Extempore before the PI round, whereas others do GD-PI. Some colleges also administer Psychometric tests to pupils. The final merit list will be prepared and admission offers for the MBA in Construction Management programme will be made based on their performance in the final selection round, weightage granted to entrance scores, academic profile and diversity, work experience, and gender diversity.

Related Reads:

Here is a list of some of the most well-known and prestigious universities in India that provide MBA in Construction Management programmes to students:

Some of the world-class institutions where students and aspirants can pursue MBA in Construction Management courses abroad are given below:

MBA in Construction Management course fee in India is determined by a variety of factors, including the type of university (whether public or private), the duration of the programme, location, course content, rating, reputation/goodwill, and more. The following chart represents the estimated yearly average fees for MBA in Construction Management programmes at several of India's most prestigious institutes:

The MBA in Construction Management course syllabus varies from one university to university. However, this course's general syllabus is as follows:

First Year 

Second Year 

Since the construction sector in India is in its early stages, there are several prospects for construction management specialists. Energy (24%), Roads (19%), Urban (16%), and Railways (13%) account for over 70% of India's estimated capital spending on infrastructure from 2020 to 2025. The NIP was launched in the Union Budget to assist India in becoming a USD 5 trillion economy by 2025.

Project managers are essential throughout the delivery process, whether it is a residential high-rise or a huge airport.

A one-of-a-kind MBA programme in Construction Management equips you to flourish as a project manager, working in a team, and often as a team leader. You will be able to lead speciality teams that include architects, structural engineers, electrical engineers, sustainability experts, and finance experts. The most successful project managers base their success on project performance, operational effectiveness, and long-term viability.

An MBA in Construction Management student/graduate will be in charge of project planning, execution, monitoring, control, and closure. They take the lead in managing the project team and resources, which ultimately determines the project's success or failure. The duration of the course overlaps with 10 PMI knowledge areas: integration, time, scope, cost, human resources, quality, communication, risk procurement, and stakeholder management.

Scope for Higher Studies 

Graduates of the MBA in Construction Management programmes can always continue their education in the same field. Students who complete this course may pursue the following courses:

• PhD in Management
• PhD in Construction Management
• PhD in Sustainable Development
• PhD in Sustainable Construction/Architecture 
• MPhil in Management

Job Prospects 

Consider the following job possibilities if you want to work in construction management:

Graduates with an MBA in Construction Management degree can expect to make INR 4.5 lakhs to INR 8.7 lakhs per year as a starting income, with the potential to earn INR 23-25 lakhs per year. In general, different job classifications pay differently. Aspirants should be aware that this compensation is not fixed and may fluctuate depending on a number of factors. A graduate's pay is affected by criteria such as designation, education level, experience, and location. The table below shows the average starting salary for MBA graduates in Construction Management in India: