Benefits Of Pursuing Online MBA In Project Management
Enrolling in an online MBA Project Management degree program ensures that students will be able to upskill and build a fulfilling career with high salary potential
From business to engineering to healthcare and beyond, every industry benefits from project managers. And with the rising demand, the job openings in this field only seem to rise. As per the Project Management Institute, you can expect 22 million new project management job openings through 2027, making it the perfect time to get an online MBA degree in it.
An online MBA in project management degree can upskill you and help you stand out from your competition. It will prove that you have the tools and know-how to convert big ideas into concrete results. Another advantage is that you can continue to work and advance your career with this online MBA degree from the comfort of your home at lower prices.
If you are interested in learning more about the MBA Project Management degree, here is a quick understanding of what the program is all about:
What is an MBA in Project Management?
The online MBA in Project Management degree is a two-year postgraduate program that equips you with the skills required to excel in the field of project management, including analytical skills, time-management skills, team-building skills and problem-solving skills. It focusses more on action than theory to manage the challenges and conflicts that occur during a project's life cycle.
Moreover, this online MBA degree will give you the ability to come up with and implement innovative procedures for workers to successfully deliver on a project objective and necessitate strategic thinking about how a company can accomplish its goals, making you stand out from the ordinary.
The benefits of taking an online MBA Project Management Degree Program:
A project management degree can positively impact your success in both your personal and professional life.
It gives you an advantage.
Project management is an in-demand skill. People who have a high level of organisational and leadership skills are required in industries such as healthcare, technology, engineering, financial services and law. With the increasing demand for businesses to become smarter and more efficient, the skills you learn in any MBA project management degree will give you an edge over the competition.
As one of the best online MBA courses, investing in this program trains you to turn ideas into reality, be a better leader, keep team members motivated, and ensure they have all the resources required to do their job properly. You will be better organised, thus boosting your career and giving you a competitive advantage over others.
Better career prospects
With a rising demand in several industries because of the nature of this work, the addition of project management skills makes you even more marketable and gives you better career prospects. According to the report from PMI, the number of project management-related jobs is expected to grow by 33 per cent. This means 22 million new job opportunities.
An online MBA degree in this field will effectively show that you are willing to go above and beyond in this type of career. Keep in mind that having access to top-level positions means you could increase your earning potential while also enjoying a successful career.
- Project Analyst
- Project Manager
- Project Scheduler
- Program Manager
- Manager of Project Procurement
- The Project Risk Manager
Greater earning potential
One of the most significant benefits of pursuing an online MBA in Project Management degree program is that you will land a job that is not only challenging and rewarding but also pays well. Depending on your field of interest and the projects you are hired to manage and your experience and education, you can expect a 23 per cent hike compared to those without a project management degree.
According to Glassdoor, the average project manager's salary in India is around Rs 14,00,000. For comparison, the average salary for a software developer in India is only around Rs 5,000,000. So, being a project manager could earn you almost three times more income than your software developer peers.
Deadlines are a hazard symbol you should always stay away from. Statistics suggest that 40 per cent of people have experienced financial loss due to procrastination. And when juggling multiple projects at once, you need a strategy to maintain balance and provide equal value to each. What better way to learn it than through an online MBA degree?
An online MBA project management program's benefit is that you are assigned real-world projects that challenge your management and problem-solving skills. It also puts you in real-life situations so you can become project managers who value time management over every other aspect and meet every deadline given to you.
To conclude, enrolling in an online MBA Project Management degree program ensures that you will be able to upskill and build a fulfilling career with high salary potential. This in-demand skill is centered on problem-based learning to help you develop the right set of skills for this kind of career so you can stand out from the crowd and become a skilled project manager.
Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house
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