Best MBA in Project Management Programs 2024
A master of business administration (MBA) is a 1-2-year graduate degree that covers the full array of business leadership skills, including topics in finance, accounting, strategic planning, human resources, and business operations. An MBA in project management focuses specifically on management skills for business leaders and can prepare current project managers for more complex and rewarding roles. Project managers execute business plans using a team, a budget, and a timeline.
Many industries need project management professionals. The Bureau of Labor Statistics (BLS) projects that the number of project management specialists will increase by 7% between 2023 and 2033. According to the BLS, these professionals earned a median annual salary of $98,580 in 2023.
The following guide dives deeper into the various educational options that can lead to a leadership role in project management. Not only will you find our data-derived ranking of the best online MBAs in project management, but you’ll also learn more about the degree’s costs, requirements, and benefits.
Still unsure about your MBA college choice? Check out our overall best online MBA programs.
Related Project Management Programs That Might Interest You
Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.
Best Accredited Online MBA in Project Management Programs
Cornerstone University
- Grand Rapids, MI
- 4 year
- Campus + Online
- In-State$27,040
- Out-of-state$27,040
- In-State$14,160
- Out-of-state$14,160
- Retention Rate97%
- Acceptance Rate91%
- Students Enrolled1,930
- Institution TypePrivate
- Percent Online Enrollment26%
- AccreditationYes
University of Mary
- Bismarck, ND
- 4 year
- Campus + Online
- In-State$18,340
- Out-of-state$18,340
- In-State$12,244
- Out-of-state$12,244
- Retention Rate77%
- Acceptance Rate79%
- Students Enrolled3,794
- Institution TypePrivate
- Percent Online Enrollment45%
- AccreditationYes
Spring Hill College
- Mobile, AL
- 4 year
- Campus + Online
- In-State$21,100
- Out-of-state$21,100
- In-State$7,704
- Out-of-state$7,704
- Retention Rate79%
- Acceptance Rate72%
- Students Enrolled1,107
- Institution TypePrivate
- Percent Online Enrollment66%
- AccreditationYes
How We Rank Schools
To create this ranking, BestColleges sourced the most recent data available from the National Center for Education Statistics and the U.S. Department of Education College Scorecard. We then ranked each school according to the top variables college students selected in our College Choice and Admissions Survey. To learn more, check out our full rankings methodology or read the summary below.
What Can I Expect From an Online MBA in Project Management Program?
Students earning an MBA in project management gain an understanding of business concepts and build their leadership and management abilities, positioning themselves for senior-level management positions. Whereas a master’s in project management exposes students to concepts relevant to the field, an MBA program specifically in project management has a strong business focus.
Online degrees provide many learners with the opportunity to pursue an MBA regardless of location or work schedule. Another difference between online and traditional MBAs is the amount of self-discipline and time management they might require. People with the motivation to stay on top of their coursework in light of other demands might thrive in an online program.
Additionally, earning an online degree does not attract the scrutiny it used to. Many employers value an online degree as much as an on-campus credential.
Example MBA in Project Management Courses
- Project Tools and Strategies
- Agile Project Management
- Risk Assessment
- Managerial Finance
- Strategic Project Management
What Can I Do With an MBA in Project Management Degree?
The demand for project managers with an MBA or another graduate degree continues to grow. The BLS projects there will be at least 1.2 million management job openings each year between 2023 and 2033.
MBA students might focus on a particular career track, such as information systems, marketing, finance, sustainability, or human resources. Choosing a concentration can help students focus their careers and position themselves for employment in industries that suit their interests.
Project Management Not for You? Check Out These Related Careers
Is an MBA in Project Management Worth It?
Earning an MBA in project management helps demonstrate your ability to manage complex projects and see them through. You can also gain an understanding of various business aspects and how a project ties in with a company’s overall goals. According to the BLS, management professionals tend to earn higher average pay than workers in other occupational groups.
An MBA in project management can help project managers step into high-level leadership positions within various contexts. This focused degree also provides students with finance and managerial competencies essential to overseeing and completing complex projects.
People who desire a managerial position might benefit from earning an online MBA in project management. This degree provides a relatively straightforward path to organizational leadership. However, competition for jobs in project management can be intense.
Why Get an MBA in Project Management Instead of a Master’s in Project Management?
A master’s degree in project management allows students to focus on the specific skills they want to market during a job search, making them more attractive candidates. For example, this degree can signal to employers that a job candidate has taken coursework on planning and leading projects effectively and cost-efficiently.
Although similar, an MBA in project management typically has more coursework covering traditional business topics, such as management, communication, problem-solving, and conflict resolution.
Professionals who want to earn an advanced degree in project management and seek a managerial position might also consider pursuing a dual MBA/master’s degree. Students willing to commit the time and money can benefit from leadership training and exposure to advanced coursework in their field.
Still Looking for the Right Fit? Discover Similar Programs.
Frequently Asked Questions About MBA in Project Management Programs
Any graduate degree demands time, concentration, and diligent study, but an MBA in project management is not known for being particularly rigorous. The Project Management Professional (PMP) certification exam that often follows it, however, has a reputation as a challenging assessment.
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