How A Master’s Degree In Project Management Can Advance Your Career

Share

Whether it’s constructing a house, designing software, or making a movie every company starting from manufacturing to IT to real estate works on project to project basis and this is why they are always on the lookout for skilled project managers. Project management is a subject that has a huge scope in the field of employment and is always in high demand.  It plays a vital role in the workplace whether it’s a start up or a multinational organization. Project managers are the key persons who make the organization productive and thrive towards making it successful bringing in profits in the company through successful project implementation. They also help in fostering collaboration among team members. Working in different locations; they set goals for the organizations.  Some of the key responsibilities of project managers are defining the scope of work, and successfully managing costs, outcomes and timelines so that the organization can work efficiently and derive profits. In this article we are going to learn how students who wish to become a project manager can advance his or her own career by getting a degree in project management.

What Are The Available Options For Students Who Wish To Take Up Project Management As A Career?

For students who wish to build an exacting career in project management there are three popular options. First is Master of Science in Project management (MSPM). Second is Master of Arts in Project management and third is Master of business administration in project management (MBA). (Bredin,et.al, 2013) Students can now avail MBA assignment help from OmanEssay experts if they wish to peruse a career course in project management.

Career Levels In Project Management

  • Project Manager I – this position involves projects of limited complexity. Level I managers often hold supportive roles, rather than leading projects on their own.
  • Project Manager II– Similar to level I, this position requires greater experience, as it grants professionals a more hands-on role in the execution of limited, but critical projects.
  • Project Manager III– this role grants professionals the ability to pursue independent, yet collaborative initiatives. This level necessitates at least five years of experience, although those with sufficient academic credentials may jump quickly to this position.
  • Program Manager– this position shifts its focus slightly to a specific program or department. While projects are, by nature, temporary, program managers tend to take a long-term approach. Rather than focus on a single project at a time, they handle a series of interconnected projects with the ultimate intention of meeting ambitious business objectives. These projects rarely hold the clearly defined budgets or timelines associated with the initiative pursued by conventional project managers. Despite these differences, a Master of Science in Project Management offers the crossover skills needed to impress those in charge of program management hiring.
  • Project Management Consultant– The field lends itself well to consulting, especially given the typically temporary nature of key initiatives. Consultants may be called upon to handle specific projects that align with their niche skills. Others, however, examine project management departments from an outside perspective to determine where improvements can be made. Their efforts help organizations improve both the efficiency and outcomes of key projects. Many project management consultants are employed by firms which are tasked with finding them positions that match their unique skills and knowledge.
  • Director of Project Management– With experience and a graduate education, successful project managers can move into senior positions. Those employed at large corporations or in charge of especially significant initiatives may be referred to as directors of project management. This additional responsibility comes with a significant boost in pay. (Kerzner, and H.2019)The pay raises that naturally accompany director positions also come with a dramatic increase in time spent on the job. Listings often indicate that directors of project management are expected, on average, to spend just over 40 hours per week at work. In reality, however, the average position actually involves over 48 hours per week. Many directors of project management report maintaining 50 or even 60-hour workweeks, with demands intensifying as projects near completion.

Advantages Of Having A Masters Degree In Project Management

  • An MSPM degree will help students get better job opportunities with higher pay scale. An MBA course is way more expensive than an MSPM degree and there are a lot of multinational organizations who have made the MSPM degree compulsory.
  • An MSPM course equips students to become a project manager and is not restricted to any one field. Therefore it provides flexibility to students who wish to become a project manager in the near future. They can change their area of interest in due course as per their convenience after they complete a MSPM course.
  • An MSPM course enhances and polishes problem solving, communication and organizational skills in students. (Kinkusand J.2007)These skills are practical skills and prove to be beneficial for students in any field.
  • These courses help students gain firsthand experience of running a project by allowing students to work on real-time projects before they step into the real world. It further helps students tailor their interests towards a particular field. Students can now avail assignment help from OmanEssay experts to gather knowledge and experience in their desired field of interest.
  • Students perusing a course in project management learn to effectively manage diverse groups, make necessary adjustments when the project is live and running, and also incorporate principles and practices in the work place.  Most importantly students get to learn from experienced professors and also gather information from their experiences.  

Conclusion

Therefore it can be said that Project managers are the key persons who make the organization productive and thrive towards making it successful bringing in profits in the company through successful project implementation. They also help in fostering collaboration among team members. Working in different locations; they set goals for the organizations.  Some of the key responsibilities of project managers are defining the scope of work, and successfully managing costs, outcomes and timelines so that the organization can work efficiently and derive profits. Students who wish to become project managers can either enroll themselves in Master of Science in project management, or take up master of arts in project management or else they can also take up Master of Business Administration in Project Management. They can seek expert help and instant solutions and clear their doubts while they are working on assignments in project management by availing assignment help from OmanEssay .

References

Bredin, K., & Söderlund, J. (2013). Project managers and career models: An exploratory comparative study. International journal of project management, 31(6), 889-902.

Kerzner, H. (2019). Using the project management maturity model: strategic planning for project management. John Wiley & Sons.

Kinkus, J. (2007). Project management skills: A literature review and content analysis of librarian position announcements. College & Research Libraries, 68(4), 352-363.

Open chat
Welcome to Oman essay.
How can I help you?