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MBA in Project Management - Courses, Admission, Fees, Scope, Salary

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MBA in Project Management - Courses, Admission, Fees, Scope, Salary

Edited By Team Careers360 | Updated on Jun 07, 2023 03:44 PM IST

What is an MBA in Project Management?

MBA Project Management is a postgraduate programme of two academics years that consists of four semesters. Project planning, risk management, contract negotiation, and cost control are all covered in MBA in Project Management courses. Students also learn how to effectively communicate with clients and team members. Those looking to enter or advance in project management can benefit from an MBA in project management. The coursework provides students with the skills and knowledge needed to effectively manage projects.

MBA in Project Management is intended to assist students in developing the skills and knowledge required to become successful project managers. MBA can assist students in developing strong communication and negotiation skills, both of which are required for success in this field.

Highlights - MBA in Project Management

Course Name

MBA in Project Management

Course Duration

Two years

Semesters

Four semesters

Mode of exam

Offline mode

Eligibility for course

Candidate should pass bachelor with minimum 50 percent

Admission Process

Based on Entrance Exam

Average Salary

Rs 5,00,000 to Rs 8,00,000

Top Companies

Wipro, IBM, TCS, Infosys, and Accenture

Job positions

Project Analyst, Project Manager, Executive, and General manager

MBA in Project Management Eligibility Criteria

Candidates have to fulfil the basic requirements needed by the top colleges and universities. There is a list of educational qualifications that an aspirant must meet in order to be admitted to the MBA Project Management programme. Several of these criteria are discussed further below:

  • Candidates should have passed 12th class from a recognised board or university.
  • Candidates must have passed BBA with the minimum 50 percentage from a recognised board or university.
  • Candidates need to appear for the entrance exams like XAT, CAT, and MAT.

Top Colleges in India offering MBA degrees

Here, we have mentioned some of the top colleges that provide MBA degrees.

Admission Process for MBA in Project Management

Admission to the MBA in Project Management programme is determined by a student's performance on the entrance examination. Admission can be based on cut-off scores from the entrance exam or on merit and quota, with a limited number of seats. The steps and procedures that students must follow in order to be admitted to the MBA in Project Management programme are outlined on their official website. MBA in Project Management course application is available both online and offline. Students can apply online through the university's website by submitting all required documents.

  • Students can also visit the admissions office or they can obtain the form and submit it along with all required documents.
  • Students who pass the entrance exam must then go through aptitude tests, group discussions, and personal interviews.
  • Students can obtain their admit card once they have passed all of the rounds required by their college and university.

Top Entrance Exams for MBA in Project Management

CAT: The CAT is a competitive exam designed to evaluate student profiles and shortlist students based on merit. The CAT entrance exam is a computer-based aptitude test that is given each year. If you score well on the CAT exam, you will gain admission to some of India's top business schools.

MAT: Management Aptitude Test (MAT) is a standardised test that has been used by Business Schools since 1988 to screen candidates for admission to MBA and allied programmes. The All India Management Association administers the Management Aptitude Test (MAT), as a standardised national-level exam.

XAT: The XAT is a national level test administered by XLRI to select the best candidates for management education from across the country. The XAT scores will be used for admissions at XLRI Jamshedpur and other Xavier Associate Management Institutes which are more than 100 B-schools throughout the country. Candidates are admitted based on the entrance exams.

Cutoff of Top MBA in Project Management Colleges

MBA in Project Management programmes require minimum cutoff marks. Candidates in unreserved categories must achieve a minimum average score of 50 per cent or higher. The minimum score for reserved category candidates is 45 per cent. Candidates for getting admission into the top Business schools need to appear for the entrance exams like MAT, CAT, and XAT. Candidates who score less than the expected cut off can also get admission into B-schools based on the reservation category.

MBA in Project Management: Skills Required

Project managers are the project leaders in charge of finishing the project on time. A Project Manager can be considered the premier if he or she completes the project on time or within the time frame specified with no errors.

Management Skills

Leadership Skills

Critical Thinking

Communication Skills

Problem solving Skills

Analytical Skills

Negotiation Skills

Organisation Skills

Risk taking Skills

Strong communication Skills

Creative Skills

Time management Skills

MBA in Project Management: Subjects/Syllabus

MBA in Project Management covers business communications, business ethics, financial management, human resource management, information technology management, and international business. This degree programme's coursework is intended to provide students with a broad overview of the various aspects of project management from the beginning of the project to the end of the project.

Year I

Introduction to Project Management

Project Procurement Management

Quality Management in Projects

Case Studies in Project Management


Strategic Planning for Projects

Value Engineering

Project Management Information System

Project Planning

Research Methodology and Seminar

Purchasing and Contracting for Projects

Project Management Professional Certification Exam Review

Project Quality Management

Year II

Small Business Management

Project Exports

Management Information System

Project Termination

Tools and Techniques of Project Management

Basis of Project Management

Project Identification

Selection of project

Computer Integrated Manufacturing

Operations Management

MBA in Project Management: Fee Structure

In India, the MBA tuition fee in India ranges from Rs 20,000 to Rs 40,00,000 for a full-time program. Taking into account the variety of MBA college fees in India students are provided the scholarships and fees will be calculated based on the scholarships they received.

Scope of MBA in Project Management

Candidates after an MBA in Project Management can work in many industries. Regardless of project-oriented work being prevalent in the IT industry, it is also prevalent in business service, oil and gas, finance and insurance, manufacturing, construction, and utility industries around the world. Project managers can earn a handsome package and compensate well. Aside from the growing opportunities mentioned above, other reasons to choose this course include the high earning potential and the fact that many companies will be eager to hire you if you are a good Project Manager.

MBA in Project Management Career Options

MBA in Project Management careers include project planning, execution, organisation, monitoring, and closure at a specific time and cost. This is accomplished by a Project Manager or a team of project managers working together to achieve the specific and desired goal. The project's challenges are classified as scope, time, quality, and budget. A Project Manager works independently and may involve another manager or a team to closely monitor the work's quality and progress.

Project Manager: A project manager is responsible for the management and development of new projects. Active research is required to design new projects, as well as to prepare and present new ideas to improve current processes that impact the business.

Project Planner: A project planner entails creating programmes for design, procurement, construction, installation, and commissioning activities for each project from tender to completion, as well as reviewing programme progress on a regular cycle and providing management reporting as needed.

Risk Management Analyst: A risk management analyst is in charge of the organisation's comprehensive insurance and risk management programme, assessing and identifying risks that could seriously affect the organisation's reputation, safety, security, or financial success.

Project Procurement Manager: A project procurement manager is in charge of coordinating and negotiating with suppliers to obtain low-cost, high-quality materials for manufacturing processes. Project Procurement Managers devise strategies to deliver outputs within budget and time constraints.

Project Leader: A project leader creates team schedules and assists with team member onboarding and training. He or she creates and communicate a clear list of team members' expectations and goals. Make project team members feel valued by providing emotional support.

Top Recruiters

MBA Project Management graduates can work in a variety of fields. Candidates can find jobs as quality consultants, project consultants, project managers, risk managers, business developers, and supply chain managers. Some MBA in Project Management scopes to consider:

  • Construction
  • Finance
  • Marketing
  • Health care
  • NABARD
  • Infosys
  • Accenture

Benefits of Studying MBA in Project Management

MBA in project management is a useful course for learning technical skills. Candidates can learn professional skills and technical skills from this course. He or she will learn how to manage projects, planning of projects, and estimating project budget. These skills and abilities can assist candidates in better understanding how to plan and execute projects, as well as how effectively the team manages the given resources. A project management course can also help you understand the various types of risks associated with projects and how to mitigate these risks.

Salary Trends for MBA in Project Management

Job ProfilesAvarge Salary

Project Manager

Rs. 15 LPA

Project Planner

Rs. 7.2 LPA

Risk Management Analyst

Rs. 9.9 LPA

Project Procurement Manager

Rs. 11.3 LPA

Project Leader

Rs. 13,00,000

List of Top colleges in India offering MBA in Project Management

There are many colleges in India offering MBA in Project Management. Colleges conduct entrance exams for admitting students in MBA and its specialisation. Direct admission to top MBA colleges is possible through Management quota or Institute level quota seats. Most of these colleges provide direct admission to an MBA without requiring a donation, though the admission fee may be slightly higher.

College

Fee

Alagappa University - Alagappa University, Karaikudi

Rs 2,70,000

PIBM Pune - Pune Institute of Business Management, Pune

Rs 7,95,000

CMJ University, Shillong

Rs 1,20,000

Drs Kiran and Pallavi Patel Global University, Vadodara

Rs 1,30,000

Jain University, Bangalore

Rs 1,40,000

Singhania University, Jhunjhunu

Rs 80,000

Suresh Gyan Vihar University, Jaipur

Rs 4,00,000

Asian International University, Manipur

-

HK Hi-Tech College, Jodhpur

-

Top Private MBA in Project Management Colleges

MBA programmes from private colleges can be equally beneficial, as long as you select one from the list. If you pursue an MBA from a government college such as IIMs, you will have a reputation for the rest of your life. Many students receive the same package as IIMs from the private colleges.

College

Fee

PIBM Pune - Pune Institute of Business Management, Pune

Rs 7,95,000

Asian International University, Manipur

-

CMJ University, Shillong

Rs 1,20,000

Suresh Gyan Vihar University, Jaipur

Rs 4,00,000

NIMS University, Jaipur

-

Drs Kiran and Pallavi Patel Global University, Vadodara

Rs 1,30,000

Top Government MBA in Project Management Colleges

Government college fees are much lower than private college fees. Government colleges offer government degrees that will prepare you for a variety of job opportunities. Now it all depends on the subject you want. These colleges also provide scholarships and funds to the students.

Browse Popular MBA Colleges By Location

Browse Popular MBA Colleges By States

Frequently Asked Question (FAQs)

1. What is MBA project management?

A master of business administration (MBA) in project management equips graduates with the knowledge and experience required for advanced managerial positions. Accounting, finance, human resources, strategic planning, and business operations are all covered in an MBA programme. 

2. Is an MBA in project management good?

A project management MBA can be a huge help to those who are just starting out in their careers. Most disciplines have project managers in charge of a team of team members. The best project managers typically have some hands-on experience with the team they're managing.

3. Is an MBA in project management difficult?

Project management work is complex because project managers must be detail-oriented and organised in order to complete their tasks, but that doesn't mean it's impossible to learn.

4. Which MBA field has the highest salary?

MBA in Business Analytics, MBA in Finance, and MBA in Entrepreneurship are three of the highest-paying MBA specialisations.

5. What are the career options in MBA in project management?

Project Analyst, Project Manager, Executive, and General manager are the few career options after MBA in project management.

6. Who is eligible for pursuing MBA in project management?

Candidates after bachelors in BBA and BCom with minimum 50 per cent from a recognised university or board are eligible to pursue MBA in Project Management.

7. What is the salary of an MBA Project Management graduate?

MBA Project Management graduates earn an average salary of Rs 5,00,000 -Rs 8,00,000.

8. Is the MBA Project Management course difficult?

No, It is not difficult but the PMP Certification exam is challenging. It is intended to put your knowledge of project management concepts and practises to the test.  

9. Where are the graduates after completing MBA are recruited?

Candidates are recruited in many different fields such as health care, construction, information technology, and consultation.

10. What is the duration of an MBA in project management?

The duration of MBA in project management course is of two years, which includes four semesters and it is a full time course. The syllabus is also divided into these four semesters.

Articles

Upcoming Exams

Application Date:20 October,2023 - 30 April,2024

Application Date:06 December,2023 - 20 May,2024

Application Date:22 January,2024 - 28 April,2024

Others:29 January,2024 - 29 April,2024

Application Date:06 February,2024 - 30 April,2024

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Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues. 

5 Jobs Available
QA Manager
4 Jobs Available
Quality Controller

A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product. 

A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.

3 Jobs Available
Production Manager
3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
QA Lead

A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

2 Jobs Available
Structural Engineer

A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software. 

2 Jobs Available
Process Development Engineer

The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.

2 Jobs Available
QA Manager
4 Jobs Available
AWS Solution Architect

An AWS Solution Architect is someone who specializes in developing and implementing cloud computing systems. He or she has a good understanding of the various aspects of cloud computing and can confidently deploy and manage their systems. He or she troubleshoots the issues and evaluates the risk from the third party. 

4 Jobs Available
Azure Administrator

An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

4 Jobs Available
Computer Programmer

Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

3 Jobs Available
ITSM Manager
3 Jobs Available
Automation Test Engineer

An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

2 Jobs Available
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