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Jagpreet
24 June, 2024
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“Every project is an opportunity to learn, to figure out problems and challenges, to invent and reinvent.” – David Rockwell
What is the first thing that comes to mind when you think about a project? Creativity, research and innovation? If you are close to these adjectives, you have the right essence for a project management role. Most projects require planning, setting deadlines, and being executed well. These are the basic requirements to complete and implement a project. If you have execution skills, perfect time framing, and problem-solving skills, you are the ideal match to work as a project manager for any industry, sector, or company you desire. An online MBA in project management is the perfect place to start your dream salary package and desired organisation . An online MBA in project management could be achieved while you work full-time, and you know what? That’s not the only benefit; there’s more in the bag of an online MBA in project management. Come along with us on the journey of innovations, excitement and hustle. Here is your go-to guide for an online MBA in project management.
Also Read: Thriving Career after Project Management
According to Alan S. Gutterman (2023), Project management encompasses all the skills and tools necessary to work effectively. Project management is a tool for conducting and completing unique, one-of-a-kind projects or functions necessary for the execution of the strategy of a company without disrupting what would otherwise be the normal workflow embedded in the formal organisational structure. In general, project management creates and imposes a temporary management system over the normal organisational structure in order to accomplish a specific task or activity.
Sounds complicated? Let us break it down into a simple and fun example:
Imagine you and your friends decide to build the ultimate treehouse—a multi-level hideaway complete with a rope bridge, a lookout tower, and even a zip line! This ambitious project will require some great project management skills to ensure that the treehouse is completed on time, follows a certain budget that you had, and meets your and others’ expectations. These executions are completed simultaneously by constantly implementing successful planning, skills, and execution. You would learn more about the right skills, planning, categories, strategies and more through an online MBA in Project management, making you an expert in managing projects like a pro!
Project management focuses on four key objectives:
Are you wondering why you should go for online MBA course in project management rather than a full-time MBA? If you are a working professional who wants to upgrade your job role, increase your payscale in 2 folds and discover the world, that is the ideal deal for you. But we are here to tell you more and better deals that an online MBA in project management holds. Here are more reasons to go for an online MBA in project management: the more, the merrier, right?
Well, now that we have covered the basics of online MBA project management, from definition to benefits. It is time to test whether you are chosen for the online MBA projects. Don’t worry, this isn’t a test. Let’s look at the common eligibility for an MBA in project management (online). Please note this may vary based on each college/university’s preference for admission.
You must have completed a Bachelor’s degree in Project Management or a related field from a recognised institution.
Your undergraduate degree requires a minimum aggregate score of 50% (45% for reserved categories).
Here are the essential skills required to be an excellent project manager at any high-end organisation or to be hired by top global organisations. Here are the top skills you need for an MBA in project management (online).
| Communication | Effective leadership skills |
| Project management | Goal setting |
| Risk management | Managerial effectiveness and ethics |
| Leadership | Method |
| Quality management | People skills |
| Analytical skills | Problem-solving |
| Data analysis | Automated planning and scheduling |
| Effective leadership skills | Strategic planning |
We understand that not all of us can afford to break the bank for courses with fees beyond 101-5 lakhs. This is where an online MBA plays an important role. An online MBA in project management will be lighter on your pockets.
Online MBA project management fees range from just INR 80,000 to INR 2,50,000, depending on various factors such as resources, placement, location, library, student support, application fees, etc. This range is for many top colleges with active placements for you, including Amity Online, Manipal Online, and Dy Patil Online.
You can expect the application fees to range from INR 2,000 to INR 3,000.
That’s not it, in an online MBA, you get many benefits like other full-time courses. You can get many offers to do the online MBA in project management under your preferred budget.
There are options for:
Private & government scholarships
Fee waivers
EMI Payment Options
Here is a closer look at what subjects you will be covering during your coursework:
| Semester 1 | Semester 2 |
| Principles & Practices of Management | Management Information System |
| Financial Management | Human Resource Management |
| Business Communication | Operations Management |
| Organisational Behaviour | Marketing Management |
| Managerial Economics | Strategic Management & Business Policy |
| Research Methodology | Entrepreneurship Development |
| Management Accounting | Environment Awareness and Disaster Management |
| Semester 3 | Semester 4 |
| IT in Projects | Project Quality Management |
| Project Finance & Budgetary Control | Quantitative Methods in Project Management |
| Fundamentals of Project Management | Project Work Report |
| Business laws and Regulations | Generic Elective-II (Soft Skill/ Business Ethics and Corporate Governance) |
| Project Planning and Scheduling | Project Performance Measurement & Control |
| Generic Elective-I (Digital Marketing/ Business English) | |
These tables present the syllabus for each semester of the MBA programme in Project Management. Please note that the curriculum and syllabus may vary based on preference at each college/university.
| College Name | Fees Range (INR) |
|---|---|
| Amity University Online | INR 1,95,000 |
| Manipal University Online | INR 1,75,000 |
| IGNOU (Indira Gandhi National Open University) | INR 2, 12, 440 |
| DY Patil Online | INR 1,59,200 |
| Jain Online | INR 1,89,000 |
| Lovely Professional University Online | INR 1,24,100 |
Please note that fees vary based on the specific programme, duration, and other factors. It’s advisable to contact the universities directly for the most accurate and up-to-date fee information.
The career after completing an online MBA in project management is fruitful. It has diversified options, multiple choices and unlimited doors for you to knock on and discover. Whether you want to become a team leader and complete a successful project or drive strategic initiatives, your skills will be highly sought after. Industries such as Technology, Healthcare, Finance, Retail, Hospitality, Media and Entertainment, Education, Automotive, Real Estate, and Consumer Goods seek professionals skilled in precise project management. From overseeing operations and resources to steering business strategies, you can carve a niche in roles like Project Manager, Operations Manager, Business Analyst, and even Executive positions. As you gain experience and specialise, you will lead projects and shape organisational success.
Once you complete the journey and degree of an online MBA in Project Management, you can aim for high-paying roles. For example, as a Senior Project Manager, you could earn an average salary of INR 23.8 LPA, leading teams to project success. Progress to roles like Project Management Director with an average salary of INR 43 LPA or Head of Project Management Office (PMO) earning around INR 33.2 LPA. Explore opportunities as a Program Manager (average salary INR 22.5 LPA), Agile Project Manager (average salary INR 22.5 LPA), or Risk Management Specialist (average salary INR 8.7 LPA). Whether you prefer stable industries or dynamic startups, your Project Management expertise promises a fulfilling career.
This is your cup of tea if you can manage problem-solving and time-framing skills. The online MBA in project management is the ultimate bridge for anyone who wants to execute projects perfectly and implement life-changing features for others. The online MBA in project management has the option to broaden your skills while you are working as a full-time employee. You can now upgrade your degree, skills, paycheck and job role all at once through an online MBA. Check your eligibility today!
It’s a postgraduate programme focused on managing projects effectively, covering planning, execution, and leadership.
It provides valuable skills and flexibility, enhancing career prospects across various industries.
You can pursue roles such as Senior Project Manager, Program Manager, and Risk Management Specialist in the technology, healthcare, and finance sectors.
It offers higher-paying jobs, increased job security, and better leadership opportunities.
You’ll gain project planning, risk management, leadership, strategic thinking, and communication skills.
The plagiarised part has been used as a reference for the quote and definition of project manager, I have linked the links for all.
