In today’s rapidly growing and dynamic business world, the demand for skilled professionals in project management has increased. To acquire the necessary skills and knowledge in this field, an online MBA in Project Management is an ideal option.
In the past, project management was only associated with civil or construction management. Currently, online MBA courses cover many other fields, including software development. Project management is now a complicated field that needs technical knowledge and the ability to work well with others and handle finances.
What is Online MBA Project Management All About?
MBA Project Management online is a graduate-level program that teaches students how to effectively manage projects in various industries. It focuses on providing technical skills and knowledge. It helps in developing communication, leadership, and financial skills.
This blog will cover various aspects of this program, such as its importance, scope, salary, benefits, job opportunities, entrance exams, syllabus, eligibility, and more. By the end of this article, you will have a better understanding of online courses for MBA Project Management and how they can benefit your career.
Online MBA Project Management: Course Highlights
To briefly sum up the Online MBA Project Management course, students can check out the particulars tabulated below:
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Particulars
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Course Highlights
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Online MBA Project Management Course Level
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Post Graduation
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Online MBA Project Management Course Duration
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2 years
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Online MBA Project Management Course Examination Type
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Online
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Online MBA Project Management Course Eligibility
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Graduation/ No age limit
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Online MBA Project Management Course Admission Process
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Entrance Exam Based
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Online MBA Project Management Course Major Entrance Exams
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CAT/ MAT/ XAT/ CMAT/ SNAP/ GMAT
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Online MBA Project Management Course Fee
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INR 4-5 Lakhs
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Online MBA Project Management Course Average Salary
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INR 4-5 lakhs
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Top Hiring Companies for Online MBA Project Management Course Graduates
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Amazon, Nestle, Grofers, Deloitte, Accenture, etc.
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Online MBA Project Management: Eligibility Criteria
Candidates interested in pursuing online MBA courses must meet eligibility criteria. These criteria consist of academic qualifications, work experience, and language proficiency.
- Candidates should have completed a bachelor's degree from a recognized university in any discipline.
- Students in their final year of graduation are also eligible to apply for an online MBA program.
- For the general category (UR), candidates must have obtained a minimum of 50% marks.
- For candidates belonging to the reserved category (SC/ST), they must have obtained a minimum of 45% marks in the aggregate.
- There is no minimum age requirement for applying to an online MBA program.
Online MBA Project Management: Admission Process
The admission process for online MBA courses typically involves the following steps:
- Start by researching the available online MBA programs in Project Management that are the best fit for your career goals and qualifications.
- Visit the official web portal and submit your application online, along with any required documents.
- Take the entrance exam CAT/ MAT/ XAT/ CMAT/ SNAP/ GMAT. Make sure to check the requirements of each program you are applying to.
- If you meet the initial criteria, you may be invited to participate in an interview with the admissions committee.
- After considering your application, entrance exam scores, interview performance, and other factors, the admissions committee will decide regarding your admission.
- Finally, you will participate in an orientation program that introduces you to the program, its faculty, and its resources.
Online MBA Project Management: Entrance Exam
There are several MBA entrance exams that are commonly accepted by universities and business schools around the world. Some of the most popular MBA entrance exams include the Graduate Management Admission Test (GMAT), the Common Admission Test (CAT), the Management Aptitude Test (MAT), the Xavier Aptitude Test (XAT), Symbiosis National Aptitude Test (SNAP), etc.
We will provide a comprehensive analysis of this topic in a separate blog post.
Online MBA Project Management: Syllabus & Subjects
While the syllabus for online courses for MBA Project Management may differ between universities, below are the commonly taught subjects in the first and second years for easy reference:
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Semester 1 (First Year)
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Quantitative Methods
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Organizational Behaviour
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Managerial Economics
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Business Communication
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Financial Accounting
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Human Resource Management
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Information Technology Management
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Marketing Management
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Semester 2 (First Year)
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Management Accounting
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Financial Management
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Management of Information System
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Operation Management
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Management Science
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Organization Effectiveness and Change
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Economic Environment of Business
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Marketing Research
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Semester 3 (Second Year)
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Legal Environment of Business
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Business Ethics & Corporate Social Responsibility
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Strategic Analysis
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Elective Course
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Semester 4 (Second Year)
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Project Study
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Elective Course
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Strategic Management
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International Business Environment
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Why Online MBA Project Management Degree: Top 5 Reasons to Choose Online MBA Project Management
Here are the top 5 reasons why you should consider an online MBA in Project Management in India:
- An online MBA in Project Management equips students with the skills and knowledge necessary to excel in leadership roles in project management.
- Students can balance their work, family, and personal commitments while pursuing their degrees.
- These programs are generally more cost effective than traditional on-campus programs. Students save on commuting and accommodation costs, among others.
- They allow students to interact and network with professionals from diverse backgrounds, industries, and geographies. This provides them with valuable insights and perspectives on project management practices.
- These programs have an international focus, preparing students to work in a globalized economy and manage projects across borders and cultures.
Career & Jobs Opportunities After Online MBA Project Management Degree
Candidates who have completed this course can get various career opportunities in both private and public organizations in different roles.
- Project Manager
- Program Manager
- Project Risk Manager
- Site Maintenance Manager
- Project Executive Supervisor
- Project Procurement Manager
- Project Quality Managers
- Project Cost Estimators.
Scope of MBA in Project Management Degree
A report says India needs 7 million new project managers in the next 10 years and will become the world's fastest-growing country for project management jobs.
By 2027, India will have the second-highest number of project management jobs in the world. There are many job opportunities and good earning potential for project managers, and companies want to hire good ones.
Online MBA Project Management Salary in India
The salary for a project manager in India can vary depending on various factors like the candidate's experience, the industry they work in, the size of the company they work for, and their location. On average, a person with an MBA Project Management online course can expect to earn between Rs. 5-6 lakhs per year in India.
Top 10 Recruiters for Online MBA Project Management Graduates in India
Below are the top 10 recruiters for Online MBA Project Management Graduates in India:
- Amazon
- Snapdeal
- Flipkart
- Nestle
- Grofers
- Raymonds
- Puma
- Deloitte
- Accenture
- HCL
Top Recruiting Industries After Online MBA Project Management Degree
Here are the top recruiting industries after completing an online MBA in Project Management in India:
- Corporate Finance
- Corporate Banking
- Hedge Fund Management
- Private Equity
- Credit Risk Management
- Treasury
- Sales and Trading
- Asset Management
Online MBA Project Management: Interview Questions and Answers for Freshers
Here are the top 5 interview questions and answers for freshers who have completed an Online MBA in Project Management:
1. What is your understanding of project management?
Project management involves planning, organising, and managing resources to achieve specific goals and objectives within a specified timeline and budget.
2. What are some challenges you have faced while managing a project?
Some challenges that I have faced while managing a project include managing team dynamics, ensuring timely task completion, and dealing with unexpected obstacles.
3. How do you prioritize tasks when managing a project?
I prioritize tasks based on their urgency and importance, as well as the resources available. I also ensure that all stakeholders are aware of the prioritization and any changes that may occur.
4. What is your experience with project management software?
I have experience with various project management software (name the software, if any). I am comfortable learning and adapting to new software as required.
5. How do you measure project success?
Project success can be measured through various metrics such as meeting project timelines, staying within the allocated budget, achieving project objectives, and customer satisfaction.
NOTE: The answers depend on personal experiences. Keep it informative and real. Make sure to answer confidently.
Courses to Do After Online MBA Project Management Degree
These are the courses that students may pursue after the Online MBA Project Management Degree.
- ISB Certificate program in Business Analytics (CBA)
- CRMA
- CPIM
- CFA
- FRM
- CISA
- PhD in Management
- SAP course
- PGDCA
Online MBA Project Management: Related FAQS
Q1 - What can I do after Online MBA Project Management?
You can pursue CRMA, CPIM, CFA, FRM, or ISB Certificate program in Business Analytics (CBA) after completing this course.
Q2 - Is it a good career after Online MBA Project Management?
Yes, pursuing an Online MBA in Project Management can lead to a promising and rewarding career.
Q3 - Is an Online MBA Project Management worth it?
Yes, an Online MBA in Project Management is worth it for individuals interested in pursuing a career in project management or looking to advance their career in this field.
Q4 - What is the role of Online MBA Project Management?
The role of an Online MBA in Project Management is to prepare individuals to lead projects effectively, efficiently, and with a focus on achieving specific goals and objectives.
Q5 - Is Project Management a good career?
Yes, Project Management can be a great career for individuals interested in planning, organising, and managing projects to achieve specific goals and objectives within a specified timeline and budget.
Q6 - Is there any entrance exam for Online MBA Project Management?
Students have to undergo the CAT/ MAT/ XAT/ CMAT/ SNAP/ GMAT entrance exam for an online MBA Project Management course.
Summary
An Online MBA in Project Management is a popular program that can prepare individuals for leadership roles in project-oriented work across various industries. Completing an Online MBA in Project Management can equip you with the knowledge and skills to manage projects efficiently and effectively within budget. It can lead to numerous career opportunities and growth prospects.
Pursue the Online MBA Project Management Program at Dr. D. Y. Patil Vidyapeeth
If you're interested in pursuing online MBA courses, the D. Y. Patil Vidyapeeth (Deemed to be University) program is an excellent choice. The program's curriculum covers project management techniques, tools, and processes, as well as business operations, financial management, and organizational behavior.
The MBA Project Management online program is also designed to be completed in two years. With its flexible online format, experienced faculty, and emphasis on experiential learning, this program can equip you with the skills and knowledge necessary to succeed in a career in project management.
Apply now to take the first step towards your Online MBA in Project Management at Dr. D. Y. Patil Vidyapeeth!