MBA Project Management is another multi-dimensional program that covers general management studies as well as prepares candidates for project-related responsibilities in various organizations and industries. The course integrates business and technical study to prepare candidates for the challenging job profiles in this field. Graduates from any stream or even those holding a master’s degree can study MBA Project Management.
The MBA Project Management course is available in online, part-time, full-time, and distance modes, so it is easy for candidates to study the MBA Project Management course at their convenience. On average, the annual course fee may range from INR 3 lakhs to 12 lakhs.
Admission to the course is mostly dependent on scores obtained in entrance examinations such as CAT, MAT, XAT, SNAP, NMAT, ATMA, etc. Students who have a keen interest in MBA Project Management can apply to universities such as Pune Institute of Business Management, Parul University, NIMS Institute of Management and Commerce, Sikkim Manipal Institute of Technology, and Institute of Business Management and Research.
The common job roles that students get after MBA Project Management include Project Manager, Project Cost Estimator, Project Risk Manager, Project Planner, Project Leader and etc. These roles often pay an average salary between INR 5 lakhs and INR 8 lakhs a year. Read below to find more information about the MBA Project Management course.
Students interested in pursuing MBA Project Management can check the course highlights below to get a better understanding of it.
|Types of Course
|Entrance Exam Based: CAT, MAT, XAT, CMAT, SNAP, GMAT
|INR 4 - 6 Lakhs
|INR 5 LPA
Project Managers contribute to turning plans into tangible results for companies. MBA Project Management provides graduates with the skills and experience needed for advanced managerial roles and functions. The top reasons to choose MBA Project Management are:
One can select the type and mode of MBA Project Management according to their requirements. There are provisionals for both full-time students and working professionals. As the programme is rooted to create visionary individuals, colleges have started providing various modes to pursue the course. Let us look at the different types of MBA Project Management below:
It is a full-time two-year programme involving classroom teaching and learning and is designed typically for students who can dedicate time to the course. Additionally, candidates will be able to acquire skills and competencies in business leadership development. Complex theories and practices are unpacked in the classroom for learners to grasp better and ensure the success of graduates in a business environment.
A part-time MBA Project Management course requires students to dedicate at least two to three years of study. They can pursue their jobs, if any while studying the course. The course makes you suitable to work for small start-ups to big companies as project management skills are critical for both budget and time.
Working professionals can benefit immensely from online MBA Project Management courses, an option that many universities are providing to candidates. They can work and study at the same time thereby allowing them to complete the course without a break in their career. This way, the course becomes quite easier to pursue as compared to a traditional MBA.
An executive MBA should be applied for by professionals who are looking for a transition in their career and advancement in their career trajectory. The course may take anywhere between 24 and 27 months. A minimum of two years of work experience along with graduation is mandatory for this type of MBA Project Management.
MBA Project Management educates students in the planning and leadership of projects and helps them to master the art of strategizing and making decisions in an ever-changing business world. The syllabus of MBA Project Management is different from other specializations and students must have a thorough understanding before choosing this specialization. The syllabus may vary from one university to another, however, the common subjects taught in the first and second years are given below for easy reference:
|Economic Analysis for Business Decisions
|Business Research Methods
|Basics of Marketing
|Human Resources Management
|Operations & Supply Chain Management
|Summer Internship Project
|Enterprise Performance Management
|Indian Ethos & Business Ethics
|Basics of Project Management
|Purchasing and Contracting for Projects
|Project Quality Management and Value Engineering
|Project Identification and Selection
|Project Risk Management
|Project Performance Measurement and Evaluation
|Project Execution and Control
|PERT and CPM
|Organizational Structure and Organisational Issues
|Case Studies in Project Management
|Resources Considerations in Projects
|Project Management Information System
|Project Close-out, Termination, and Follow-up
|Project Management Software
The eligibility criteria for the MBA Project management course offered by different colleges vary. However, there are certain basic requirements that candidates need to fulfill to take admission into any college of their choice. The eligibility criteria for the MBA Project Management course are as follows:
|Qualifying Entrance Exam
These are the basic eligibility criteria students need to satisfy to get admission into the MBA Project Management course. Make sure you check the eligibility conditions defined by the colleges you are applying for; otherwise, your application might get rejected.
For MBA Project Management, students have to appear for entrance examinations. The scores acquired in any of these exams will help them acquire a seat in the business schools in India. The top entrance exams are:
India, being on the path of development, offers various lucrative jobs in the field of project management. With constant infrastructural, agricultural, industrial, and various other government projects being executed, there are ample job opportunities after pursuing MBA in Project Management. The areas of recruitment include construction, financial services, energy, engineering, healthcare, law, marketing, information technology, software development and etc.
Candidates who have pursued this course can take up jobs in different private and public organizations and seek the following profiles:
Project executives can bag packages of INR 3 lakh to INR 8 lakh per year right after completing their MBA in Project Management. However, job opportunities also vary on the internships pursued by the students as well as the institute from which the course has been pursued. Experienced candidates who are hired for profiles like Project Manager and Project Quality Managers can get salaries up to INR 20 lakh (varies from organization to organization).
|INR 10 Lakhs per annum
|INR 10 Lakhs per annum
|INR 5 Lakhs per annum
|INR 4 Lakhs per annum
|INR 15 Lakhs per annum
Yes, generally business schools provide placements after MBA Project Management. Students get to work and handle projects in the industry or sector that is suitable for them. So, it is recommended that students check the placement opportunities offered by the business school they wish to study at.
No, one cannot get direct admission to MBA Project Management in India. They have to appear for entrance examinations and the score will be the deciding factor whether they get admission to their preferred college or not. Also, there are group discussions and personal interview rounds post clearing the entrance exam.
As MBA is a post-graduate degree, it is not possible to do MBA in Project Management after Class 12th. One has to mandatorily have a bachelor’s or undergraduate degree to pursue MBA in this specialization. Also, they have to get at least 50% aggregate marks to be eligible for the course.
The job roles available after completion of MBA Project Management are project manager, engineer test manager, operations manager, senior test engineer, operations project manager, software development project manager and others. These job roles pay lucrative salaries to graduates and are certainly in huge demand across the world.
Yes, you can study MBA Project Management without work experience. Nonetheless, work experience is an important criterion for other different modes of MBA such as executive MBA. Here, students are required to have a work experience of two years. However, in other types of MBA, it can be done without having professional qualifications.
Students get admission to MBA Project Management through entrance tests such as CAT, MAT, SNAP, XAT, ATMA and others. The scores obtained in any of these tests are a major determining factor to establish the eligibility of candidates interested in studying the programme.
The skills that can be learned from MBA Project Management are:
MBA Project Management should be pursued after completion of a bachelor’s degree or even a master’s degree in a relevant field. Some candidates prefer to gain work experience of a few years before applying for the course in order to boost their chances of landing better job opportunities upon graduation.
MBA Project Management is a dynamic, practical, and contemporary course designed to create project managers for leading the future of a company or organization. Students will build a thorough foundation in project management concepts, methods, and techniques and understand ways to implement them in risky and complex conditions.
MBA Project Management in India is a two-year course. For part-time MBA Project Management, however, the course duration can extend up to 3 years or more. Similarly, the course can also be completed in a year if students choose a one-year MBA program.
The average fee for MBA Project Management is INR 3,00,000 per year. The course fee can rise upto INR 12,00,000 in some private institutions. If you have financial constraints, then you can choose to study in government universities where the course fee is comparatively affordable.
Following are some of the top colleges offering MBA Project Management courses: