An MBA is pursued with an objective to sharpen skills to accept challenges in all aspects of professional life. Like many other fields such as HR, Finance, marketing and so on, an MBA degree can be done with a specialization in project management too. It is an emerging and one of the most popular specializations students find extremely attractive to go for. It offers you various career paths and opportunities in different fields.
Students from diversified professional backgrounds and educational qualifications can opt for this specialization. An MBA in project management[/b] will enhance your leadership skills and help you develop new techniques to deal with various business operations. After completion of this specialization, students find many rewarding opportunities in all large business enterprises and companies. Moreover, a project manager can search a job anywhere across the globe.
The minimum requirement for consideration for this program is a Bachelor's degree, although some programs may prefer candidates with a graduate degree or professional business experience. However, the admission to many programs is competitive and takes into account both educational and professional accomplishments. You should also expect to submit General Management Admission Test (GMAT) scores as well as your resume. Classes like psychology, microeconomics, accounting, marketing and public relations could be useful for incoming students.
Implementing a project within an organization needs right set of knowledge, skills, tools and techniques. An MBA in project management[/b] will ensure proper planning and execution of projects on time and most importantly in budget. A professional who is involved in this task will be responsible for accomplishment of the project in time, plan strategies and prepare budget for the project.
A project manager can work on different projects at the same time. Individuals specialized in this field can work in any field and sector as per their interest, skills and knowledge. They can work with business houses, hotels, sports clubs, advertising agencies, IT companies and many other organisations.
Typically a project manager is expected to do Risk control, maintain Project management systems, Organizational leadership, Cost control and efficiency, Project scheduling, Budgeting, Quality control practices, Corporate accountability and Strategic planning.
There are different industry segments where project managers can seek employment such as Aerospace and Defence, Information Technology, Automation, Systems Manufacturing, Design, Procurement and Construction, New Product Development, Education and Training, Risk Management, Environmental Management, Urban Development and Financial Services.
A number of renowned management schools offer various programmes for MBA in project management[/b] at different levels. Students can pursue an MBA programme in project management or they can also opt for Post Graduate Diploma in Project Management or a short term certificate programme. Students can also choose diploma courses of one year duration.
An MBA no doubt adds value to any résumé and allows many students to walk through professional doors that would have otherwise been shut. But once an MBA graduate has stepped over that threshold, their skills will be put to the test. While many MBA students may be well versed in the nuances of finance, accounting, and analysis, employers have recently indicated that employers in various fields are seeking workers who have a proficiency in project management. Skills like time management, the ability to implement strategic change, and cost management, among others, are in great demand in the wake of the economic recession.