MBA in Project Management is a two-year postgraduate program that deals with teaching students to act decisively and strategically in a dynamic world. The program educates students in planning and leadership for and achieving the most desired goals of a company. There is a lot of job scope in MBA in Project Management, as it is a degree option with considerable opportunities in diverse sectors like construction and information technology.
|Full Form||Master of Business Administration in Project Management|
|Duration||Course Duration of Master of Business Administration [MBA] (Project Management) is 2 Years.|
|Age||No age limit|
|Minimum Percentage||50% in Graduation|
|Average Fees Incurred||INR 4 - 6 Lakhs|
|Average Salary Offered||INR 5 LPA (Source: Payscale)|
|Employment Roles||Project Manager, Engineering Project Manager, Operations Manager, Senior Test Engineer, Operations Project Manager, Software Development Project Manager|
According to Oxford Languages, Project Management is "The deliberate planning, control, and coordination of all aspects of a project (initiating, planning, executing, controlling, and closing), to achieve the agreed objectives. The expert faculty of MBA in Project Management shares deep insights tested methodologies and helps develop and polish the social skills of that particular project and the sustainable results to lead their teams for success.
MBA Project Management subjects include project management, accounting, finance, project management information system, pert and CPM, and much more. A career in project management provides the aspirant with many career options and has diverse job scopes.
The technologies and tools used by a project manager are listed below:
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For admission in MBA in Project Management, students must research all the eligibility criteria required for admissionsuch as the aspirant should obtain a minimum aggregate of 50% of marks in the final examination. Students can apply through scores obtained on entrance exams or through management quota. The minimum age for applying for the course is 21 years.
The admission process and the eligibility criteria differs from institute to institute course and must be met by the student. The students admission process in MBA Project Management course depends upon the performance in the entrance exam. Admission process can be through cut off scores of the entrance exam or through the merit and quota basis, which will be having the limited seats. Below are the steps and the procedures that the students need to go through for the admission process in general.
Students can either apply online or offline and submit the required documents like adhar cards, undergraduate final scores, address and other required proofs.
After clearing the entrance exam students, the selected students need to go through aptitude tests, group discussions, and personal interviews. Once you have cleared all the rounds according to college/university, the students can avail their admit card.
The aspirants need to appear for the entrance exams like national, state-level, or university level exams to get admission to the desired college. Students who are interested in opting MBA in Project Management have to clear some of the entrance exams which includes:
An entrance exam is important to pursue an MBA in a Project Management course. Listed below are the common exam pattern and structure of standard entrance exams.
Here is the list of top MBA in Project Management colleges mentioned below as according to the NIRF Rankings:-
|16||SP Jain Institute Of Management & Research Mumbai|
Average fee structure fees for MBA Project Management course is INR 4 - 6 Lakhs. Colleges which are offering MBA in Project Management course full-time are listed below:
|Colleges||Total Fees Structure|
|Indian Institute of Technology, Kanpur||INR 3.6 Lakhs|
|Indian Institute of Management, Indore||INR 65000|
|S. P. Jain Institute Of Management & Research, Mumbai||INR 65000|
|Indian Institute of Management, Rohtak||INR 7.15 Lakhs|
The syllabus includes subjects that are both theoretical and practical. This course is structured as core and elective subjects and project submission in the final semester.
MBA in Project Management syllabus includes:
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Project Management courses provide knowledge, skills, tools, and techniques intending to meet and achieve the company's desired goals. The graduate of the MBA in Project Management will have skills to design, evaluate and apply the learned skills in projects and complete projects within a limited time frame. Let's get to know more about "why choose MBA in Project Management" with three simpler questions.
MBA in project management is a post-graduate program which lasts two years. MBA in Project management is the process of leading the work in a team to achieve goals and meet success at a specified time. The primary challenge of a project management team is to achieve all the targets of a project within a particular point of time. MBA in Project Management is a growing and dynamic business profession that involves planning, coordinating, and evaluating jobs of all sizes, and as well as managing the people and risks involved.
MBA in Project Management deals with skills, knowledge, and techniques needed to gain more employment opportunities for managing projects of all sizes as a senior team leader, project manager, or project director.
Listed below are the job responsibilities of a project manager:
Achieve Project Objectives: MBA in Project Management is the application of processes, methods, skills, knowledge, and experience to achieve specific project objectives according to the criteria within agreed parameters of two or more two individuals or firms.
Develop Strategies: A project manager's main objective is to complete a project successfully as soon as possible within a timeframe. Project managers utilize all the skills and various project management strategies to help the organizer teams complete the tasks according to their success criteria while engaging companies.
Demand: India is working on the tag for a superpower in the world. MNCs coming here are convinced that India can lead its projects and has a wide range of skillful persons who may help MNCs. Existing project managers are busy improving their skill sets and gaining more knowledge about the streams, and freshers are looking to learn and grow.
Skill Development: It is the process of managing and handling the task from right planning and executing. It helps to prioritize tasks assigned to the particular person and track them to get complete.
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MBA in Project Management can help professionals students become marketing managers. They can use their skills and knowledge to direct significant marketing efforts and ensure teamwork and leadership qualities towards their goal achievement.
Get hold of the Examination Syllabus: Hmake a list of topics-wise strengths and weaknesses according to the syllabus and work on them rigorously.
Understand the Exam Pattern: Understand the test structure of the examination and make a time-bound exam preparation strategy.
MBA in Project Management careers have a large number of opportunities in the field of management. Students can work in organizations with different positions. The average salary of an MBA in Project Management in India is about INR 5 LPA. The pay may increase according to the working experience of a professional.
Know More about MBA in Project Management Salary
MBA Project Management careers are planning, executing, organizing, monitoring, and closing a project or work at a specific time and cost. This is achieved by a Project Manager or a team of project managers together as a team to achieve the unique and desired goal.
The challenges for the project are classified into scope, time, quality, and budget. A Project Manager works individually and can involve another manager or a team to monitor closely to ensure the quality and progress of the work.
Project Managers are the project leaders who have all the responsibilities to fulfill or complete the project in a time. If a Project Manager completes the project on time or under the time duration without any mistakes, he/she can be the best Project Manager.
Strong Leadership Skills: Strong Leadership skills are the strengths and abilities of individuals that demonstrate that they help and oversee processes and guide their employees toward achieving goals.
Communication: Communications with leadership skills will help the Project Managers to work with an excellent team to work in, But you're not only going to be communicating with your team, but you also have clear communications with everyone associated with the project, from vendors and contractors to stakeholders and customers.
Critical Thinking: Project managers have to think about the techniques that can follow in a particular task. Critical thinking is merely being as objective as analyzing and evaluating an issue or situation and having to solve problems accordingly.