A project management masters degree provides excellent training for a rapidly expanding field. Project management (PM) is one of the nation’s fastest growing industries. This is an area in which trained professionals are required to plan, execute, and coordinate various projects by taking charge and directing a team to ensure deadlines are met and projects completed within the time set and without going over budget. By undertaking a PM masters you would be well placed to take up a desirable position in the shortest amount of time.
This page tells you more about the programs, provides links to both campus and online schools, and outlines the career prospects. Also check out the pages for project management, engineering management and operations management.
What do project management masters programs cover?
As a project manager it would be up to you to initiate, supervise and ensure the completion of a project. You would be required to have a proficiency in a number of areas, for example in human and administration management.
A PM masters program would typically focus on topics that are directly related to the workplace. These usually follow the globally recognized standard for project management – the content outlined in the PMBOK® Guide (“A Guide to the Project Management Body of Knowledge”). In general, expect that the program would introduce you to the phases of project management: initiation, planning, execution, monitoring and closure.
It would include modules such as risk management, finance, planning and scheduling, general business management, communication, organization, and team dynamics. It may also include learning to use software and other tools for planning, scheduling, and executing projects, and controlling the costs. Depending on the institution and program chosen you could also be provided with skills and knowledge relating to accounting, operations, human resources, business structure, time analysis, budget analysis, and forecasting.
Effective leadership and project management go together – motivating and influencing others, and building highly effective, diverse work teams is an essential requirement to achieve the objectives of the project. Some degrees, such as the Master of Science (M.S.) Leadership with specialization in Project Management, make this connection more explicit. It is also quite common to take project management in the context of information technology, e.g., the MS in Information Technology – Project Management.
Credentialing or certification is important in the industry. Some programs are based on the standards of the Project Management Institute (PMI), and so course content will help prepare you for PMI’s Project Management Professional (PMP) credential exam.
After completing your masters degree, you can take a PhD in Project Management. A typical business project management doctoral specialization has advanced project management course work, plus business and organizational topics such as: accounting and financial management, marketing strategy, and organizational theory. You will be required to attend residential workshops during your program.
What are the prospects for graduates of project management degree programs?
The skills learnt in your program can be applied to many situations and so you don’t just have to consider project management jobs. Graduates of MS project management programs can be found working in a wide range of positions in sectors such as IT, the financial industry, engineering, construction, the automotive industry, and healthcare. If you wish to travel, there is the option of working for private or governmental organizations overseas.
According to information made available from the Bureau of Labor Statistics, the median salary currently available to qualified project managers now stands at $97,000 per annum. As in any industry, those graduates with the best training and education are able to command the greatest financial rewards. A position in an urban location would offer a higher salary than those openings in rural areas of the country, as well as greater flexibility.
List of schools and programs
At Kaplan University, we offer over 180 degree and certificate programs. With three different ways to learn, you can choose the format that works best for you:
- Study wherever you have an Internet connection, because almost all of our courses are 100% online, or
- Take campus-based classes(with day and evening options available), or
- Combine campus learning with online classes (blended).
- Master of Science in Information Technology : Project Management
- Master of Science in Management : Project Management
- Master of Business Administration : Project Management
- And more...
- MBA - Project Quality and Management
Everest University Online, a Division of Everest University, makes career training convenient and accessible. With courses tailored for working students and others who need a more flexible class schedule.
- Business Administration (Master's)
- Master of Business Administration
- Business Intelligence
As a student at South University, you will have the opportunity to learn from accomplished faculty members who have real-world experience in the subjects that they teach. Our small class sizes allow you to receive personalized attention from instructors, and the encouragement to recognize your goals for the future and the means to achieve them.
- Business Administration (MBA)
You’re serious about success. With your busy schedule and the desire to move your career forward, you can earn an accredited associate, bachelors or master’s degree at a pace that works for you anywhere, anytime, 24/7.
At AIU, the Serious U, you can get started to get ahead.
- MBA - Project Management
- Master's (MIT) - IT Project Management
- MBA - Management
Regent University prepares students with the knowledge to excel and the faith to live with purpose. Our 20,000 alumni, from more than 110 countries, are changing the world as accomplished professionals. Named a top-15 school nationally for online bachelor's programs (U.S. News & World Report, 2015), Regent is among the most affordable undergraduate Christian colleges (CCCU 2015). Fully accredited, challenging programs are available online and on campus. New classes begin every eight weeks.
- Master of Business Administration - Innovation Management
- Master of Business Administration - SMBA
A degree from CTU can connect you to a powerful professional network, faculty who are real-world professionals and innovative technology. So once you earn your degree, you hit the ground sprinting. That’s the power of in. Are you in?
- Denver - Master of Science - Management: Project Management-100% Online
- Denver - Master of Business Administration - Project Management
- Denver - Master of Science - Management: IT/Project Management