Is an MBA in Project Management Worth It?

After earning your bachelor’s degree, you may be wondering what your next steps should be to grow. Employers are always looking for candidates with leadership skills, but how do you go about gaining those skills? 

An MBA in Project Management could be an aspect that sets you apart from other job candidates. Deciding to earn that degree can feel like a big step, especially when you’re not sure if the financial risk is worth the reward.

Project managers are in high demand. A specialization in project management will strengthen your management skills and add other skills that are necessary for project managers to possess. Let’s take a look at what Montclair State’s online MBA with a concentration in Project Management could do for you and show you that the risk is definitely worth the reward.

Advance Your Current Career

Furthering your education can help you advance your current career path and allow for promotions and advancements in your current workplace and beyond.

Skilled management workers, especially workers with an MBA in Project Management, are needed more and more in the professional world. As older professionals retire and new positions are created, it’s estimated that nearly 90 million workers in project management positions around the world will be needed in the coming years, according to the Project Management Institute (PMI). This means that by earning your MBA in this field, you’ll be setting yourself up to fill those rapidly opening positions.

Increase Your Pay

Project management-related positions typically have higher salaries compared to jobs that don’t include project management. PMI reported this wage gap, stating that project management positions typically make 82 percent more than comparable non-project management positions. 

According to the U.S. Bureau of Labor Statistics, the median hourly wage for project managers is just over $40. Depending on the industry, you could even make more per hour. For example, a job as a project manager in the computer systems design industry could lead to you making just under $49 per hour. As a project manager for the independent artist, writing, and performing industry, you could make over $57 per hour. 

There are many other industries you could choose to work in that pay just as well hourly and salaried, and you will likely have your choice of jobs when you have earned an MBA in Project Management from Montclair State.

Make a Career Change

An MBA in Project Management could be essential to you finding your new career path. Whether you’re looking in the healthcare field, construction, oil field, financial sector, utilities, or the information sector, this degree could launch you into your new career. 

Having a degree in project management opens the doors to a number of different sectors that, depending on your career, may have been unattainable before. An MBA in Project Management prepares you for careers across the board, not just within the business realm.

It might feel like a big risk changing career paths, but it could be the greatest decision you ever made. An MBA in Project Management from Montclair State University could set you up to get a better job in a new field.

Montclair State University Can Help You Reach Your Goals

If you’ve been thinking about taking that first step in advancing your current career or choosing a new path for yourself, you can do that at Montclair State University. Our online MBA in Project Management could be the first step that propels you forward into a new world. Apply today so that we can start helping you reach your career goals.