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Online MBA in Project Management Explained
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Online MBA in Project Management Explained

  • Sep 07, 2024
  • 111 Views

In today’s fast-paced and interconnected business environment, project management has become a critical skill for ensuring corporate success. With the rise of online education, it has become super easy for working professionals to advance their knowledge and skills in this vital area without disturbing their current jobs. An Online MBA in Project Management provides a comprehensive education that blends core business principles with specialized project management training, offering flexibility for working professionals to enhance their expertise while balancing their academics and professional lives. The Online MBA in project management not only equips students with the strategic and practical tools needed to manage complex projects effectively but also prepares them for career advancement in an increasingly competitive market. 

This comprehensive blog is written with the motive of providing detailed information about the Online MBA in project management along with other details like eligibility criteria, reasons to choose the program, benefits of the program, core syllabus, colleges/ universities offering the program and the top hiring firms. 

What is an Online MBA?

An Online Master of Business Administration is a 2 years (24 months)  professional post-graduate program. The program equips students with advanced business and management skills to prepare them for leadership roles in project management, enabling them to manage complex projects, drive organizational success, and navigate the challenges of a dynamic business environment. An online MBA typically covers a broad range of core subjects, such as financial management, marketing management, operations management, strategic management, organizational behaviour, and human resource management. The students can complete their coursework completely online, which allows them to balance their studies with professional and personal responsibilities simultaneously. 

Features

Details 

Course name

Master of Business Administration 

Course Level 

Post Graduation 

Accreditation 

UGC-DEB, AICTE

Eligibility criteria 

  • Completed Graduation from any recognized university with 50%- 60% aggregate marks.
  • A relevant working experience 

Entrance exams 

  • commonly accepted entrance exams CAT, GMAT, XAT, MAT, SNAP, and 
  • NMAT. 

Course duration 

2-years (4 semesters)

Average Course fees 

INR 6 LPA - INR 12 LPA

Mode Of Education 

Online

Top MBA Specializations 

  • MBA in Finance
  • MBA in Marketing 
  • MBA in information technology 
  • MBA in Human Resources
  • MBA in Operataion Mangment 

What is an Online MBA in Project Management 

An Online MBA in Project Management is a specialized MBA program that focuses on equipping students with the skills and knowledge necessary to manage and lead projects effectively. The program combines core business administration courses with in-depth project management training. Students learn to plan, execute, and oversee projects across various industries, using techniques and tools that are critical for successful project delivery.  

Eligibility Criteria

The eligibility Criteria for enrolling in an Online MBA in project management program in India are generally similar, however, specific requirements may vary depending on the university you prefer. Here are the common eligibility criteria:

  1. Student must have completed their bachelor’s degree in any field from a recognized university with a minimum percentage of 50% to 60% aggregate marks.
  2. Most Online MBA programs can be pursued by fresh graduates, some programs particularly require students to have a certain amount of work experience.
  3. Some universities may require students to take an entrance exam like CAT, MAT, XAT, or GMAT.
  4. Some universities have their entrance exams followed by personal Interviews, which are mandatory for admission.

Reasons to Choose an Online MBA in Project Management 

1. Increasing Demand- Project management is very high in demand across industries such as IT, construction, healthcare, and finance. An MBA with a focus on project management positions you as a competitive candidate for leadership roles in these sectors. 

2. Career Progress- An Online MBA in Project Management enhances your qualifications and equips you with skills and knowledge that make you eligible for higher-level positions, promotions, and increased responsibilities within your organization. 

3. Flexibility- The online format allows you to continue working while pursuing your degree, making it easier for you to learn and upskill yourself without compromising on your current job and helping you balance both your professional and personal life. 

4. Practical Application - The program often includes real-world projects and case studies, helping you apply theoretical knowledge to practical situations. 

Benefits of Pursuing an Online MBA in Project Management

1. Enhanced Skills and Knowledge- An Online MBA in project management helps you gain a deep understanding of project management methods, tools, and best practices that can improve your ability to handle complex tasks and lead groups effectively. 

2. Networking Opportunities - The program helps you connect with peers, instructors, and industry professionals from various backgrounds, expanding your professional network and opening doors to new career opportunities. 

3. Cost-Effectiveness- The online Program often has lower tuition fees compared to offline programs, additionally there are no accommodation and travelling expenses. 

4. Worl-Life-Balance - The flexibility of online learning allows you to balance your studies with work and personal commitments. You will not have to sacrifice work for studies or studies for work, you can simultaneously balance both of them. 

Online MBA in Project Management Syllabus 

Core Subjects

Project Management Fundamentals

Project Planning and Scheduling 

Risk Management 

Budgeting and Financial Management 

Leadership and Team Management 

Quality Management 

Strategic Management 

Business Analytics 

Change Management 

Stakeholder Management 

Contract Management 

Global Project Management 

Top Universities offering the program

  • Indra Gandhi National Open University (IGNOU)
  • Amity University
  • NMIMS 
  • Suresh Gyan Vihar University
  • ICFAI University 
  • Symbiosis Centre For Distance Learning 
  • Manipal University Jaipur
  • Jain University 
  • Venkateshwaea Open University 
  • Bharathiar University

Career Opportunities 

There are various career options available for an online MBA in project management graduates such as 

  • Project Manager
  • Program Manager
  • Project Director
  • Portfolio Manager
  • Operations Manager
  • Project Coordinator
  • Business Analyst
  • Project Consultant
  • Risk Manager
  • Product Manager

Top Hiring Firms 

Here is a list of top hiring firms that actively recruit Online MBA in project management graduates. 

  • IBM
  • Deloitte
  • Accenture
  • Cisco Systems
  • Siemens 
  • Microsoft
  • Capgemini
  • Hewlett Packard Enterprise(HPE)
  • Tata Consultancy Services 
  • Wipro 

Conclusion 

An Online MBA in Project Management offers a valuable opportunity for professionals to enhance their project management skills while balancing their careers and personal lives. With flexible learning options, a focus on practical application, and numerous benefits, this program is a strong choice for those looking to advance in the field of project management. By understanding the program’s core components, eligibility criteria, and the top institutions offering it, you can make an informed decision about pursuing this degree and position yourself for future success. 

Frequently Asked Questions

An Online MBA in Project Management is 2 years graduate-level program, that combines core business administration coursework with specialized training in project management. It focuses on managing projects effectively, covering planning, execution, and leadership. It is delivered entirely online, allowing students to complete their studies online while balancing professional and personal commitments. 

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There are multiple career opportunities open up for an Online MBA in project management graduates, such as Senior project manager, program manager, and Risk Management Specialist in the technology, healthcare, and finance sectors.

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Yes, an Online MBA degree in project management from a university with UGC-DEB, NAAC, AICTE, NIRF, and AIU approval and recognization is valued by Employers. 

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