The accredited online master's degree in Grantham University sacrifices nothing to maintain its low cost. Despite being less than $4,000 a year, the program is nonetheless PMI-approved, closely following the reputable "Guide to Project Management Body of Knowledge" (GPMBK) guidelines. For rock bottom tuition, students get a set of classes adhering to the same high quality standards that much more expensive schools boast. Required courses include "Organizational Behavior," "Project Management Essentials," "Emerging Technologies," "Project Management Integration," and much more. College Prowler survey respondents laud Grantham and its online master's degree in project management for its meaningful online courses, flexibility, and affordability.
Talented leaders are needed by many businesses around the United States. With online project management degrees increasing in popularity, the Bureau of Labor Statistics projects that management occupations will experience a growth of 5% between 2019 and 2029. This is expected to result in 505,000 new jobs that offer a median annual salary of $109,760.
A master’s degree isn’t required for a successful career in project management, it is still an option to consider. Not only can the training and skills you’ll gain during your program make you a desirable candidate to employers, it can make you a more effective and efficient project manager.
If you’re interested in a career as a project manager or want to advance in your career, here’s what you need to know about obtaining an affordable online MBA in project management.
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The Top 20 Most Affordable Online MBAs in Project Management for 2021
Methodology: Here's How We Rank Schools
At Best Value Schools, we help students of all ages get the best possible value for their education. When choosing the best schools and programs, we prioritize tuition rates, student debt, financial aid opportunities, graduation rates, and the availability of online programs.
We source unbiased data from government and educational databases like the National Center for Education Statistics and the U.S. Bureau of Labor Statistics for 6,374 schools across the U.S. We organize that data into five weighted categories to compile our school rankings.
Metric Data Used Percentage Academic Quality Full-time faculty percentage, student-to-faculty ratio, student retention and graduation rates 25% Affordability Tuition rates, median student debt, and financial aid 35% Reputation Admission and enrollment rates 15% Program Offerings Number of program options 10% Online Enrollment Score Portion of learners taking at least one online course 15%
You can read more about our comprehensive evaluation process on our methodology page.
Here Are the Most Frequently Asked Questions About Master’s Degrees in Project Management
What will I learn in computer programming classes?
An MBA in project management provides students with the leadership skills and training necessary to be a successful project manager, such as organizing, planning and managing.
How long does it take to get an MBA in project management?
Most master’s programs take two years to complete; however, the length of the program depends on the program and enrollment status.
How much does it cost to get an MBA in project management?
The cost of the MBA in project management will vary based on the institution.
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An MBA in project management is a graduate degree that trains students for a career in a leadership or management position in nearly any industry. All businesses have leadership roles that need to be filled, from Fortune 500 companies to small mom-and-pop shops. These roles are best filled by someone with a clear idea of how to manage projects and people, which is what a master’s in project management will teach you.
With an MBA in project management, you can pursue a variety of roles, including project analyst, project manager, executive, director of operations, or even general manager of a store or business. While project management jobs will include a wide variety of tasks, you can expect to do everything from project planning, organizing, and tracking goal achievement to coordinating business activities and managing teams in this role.
The program admission requirements for online MBA in project management programs will vary based on the school you enroll in, but in general, you will need a bachelor’s degree, a high GPA (think 3.0 or higher for competitive schools), and a competitive GRE score for admission into any top program. You may also need copies of your transcripts, letters of recommendation, and other required documents based on the program’s admissions criteria.
The requirements for graduating with an online MBA in project management will also vary based on the college or university you enroll in. That said, most MBA programs are completed within one to two years. You will typically complete about 60 credit hours to graduate from a master’s in business program, and will likely need to complete a capstone project or a thesis to graduate.
Project Management MBA Courses
While enrolled in an MBA in project management program, you will take lots of business-centric courses that will help prepare you for your career. The classes you take will vary based on the program you enroll in. In general, though, you can expect to take classes that include:
- Strategic Project Management
- This class teaches students the role of project management as it pertains to the business world, from initiating, planning, and executing the project to setting budgets and giving updates.
- Leadership in Organizations
- In this course, you will learn the fundamentals of business and what tactics leaders use to drive productivity among staff. These tactics are based on organizational behavior theories, which are generally at the core of any leadership program.
- Data Analysis
- Data analysis courses teach you how to work with raw data as a project manager. This type of class is extremely important because data is what you will use to make business decisions.
After you graduate with your MBA in project management, you’ll be equipped with additional skills and knowledge that will make you a desirable candidate. There are a number of different career paths you can pursue with a graduate degree in this field. These roles include:
- Project manager
- Project management consultant
- Project analyst
- Architecture or engineering management
- Construction management
The benefit of this degree is that it does not limit you to one field or career path. Any company or business that needs a manager or executive could be a good fit for your skills.
Job Outlook & Salary
While the Bureau of Labor Statistics does not classify project management as its own career field, it does offer some insight into the potential earning and job outlook for management occupations as a whole.
In terms of average salary, management positions typically earn a much higher wage than the national average. The median annual wage for all management occupations was $109,760 in May 2020, which was the highest wage of all the major occupational groups, according to the BLS.
The job outlook in this field is also above average. Employment in management occupations is projected to grow by about 5% from 2019 to 2029, which is faster than the average for all occupations. This growth is expected to result in about 505,000 new jobs in the management field.
Scholarships & Financial Aid for MBA in Project Management Students
Those looking to advance their project management career may find an MBA program is the ideal route to take. That said, the cost of the program can be relatively high.
Students in need of financial assistance can apply for the grants and scholarships below to help cover the costs of a degree in this field.
Requirements: At least two years of work experience, enrolled in degree program related to project management, chapter member in good standing,
Deadline: April 30th
This scholarship is open to undergraduate or graduate students attending an institution in the Baltimore area and pursuing a degree in project management, as well as PMI Boston members or children of a member.
Deadline: May 1st
This scholarship is open to Orange County residents, at least half-time enrollment, involvement in professional extracurricular activities.
Amount: $1,000 to $3,000
Deadline: June 1st
This scholarship is open to any D.C. Chapter member pursuing project management at any accredited institution in Maryland, Virginia, or the District of Columbia.
Amount: Up to $2,000
Deadline: June 1st
While an MBA in project management can prepare you for a successful career in management, there are other similar degrees that may be worth looking into as well. These include:
- Master's in Management A master's in management program prepares you for a career in management by training you in multiple disciplines, including human resources or leadership and organization. With a master's in management, students can go on to secure a management role in multiple industries.
- Master's in Human Resources A master's in human resources trains you for a career focused on problem-solving, management, and decision-making. Unlike the MBA in project management, this degree allows students to build careers as HR managers or training and development managers who are equipped to handle a range of HR-related tasks.
- Master's in Healthcare Administration A master's in healthcare administration allows students to acquire the skills necessary to lead in a healthcare setting, which includes workforce and financial management, marketing and communications, and leadership. After graduation, you can pursue jobs like hospital administrator, patient-care professional, and management professional.
Angelica Leicht is the schools editor at Best Value Schools who oversees our college rankings, school profiles, and other higher education coverage. She previously served as an education reporter at Kearney Hub, and an editor at the Dallas Observer and Houston Press. Her writing has appeared in Affordable Colleges Online, Bankrate, The Simple Dollar, and elsewhere.
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