![]() ![]() The PMP certificate is widely recognised as the industry standard qualification and with this you’ll be a cut above the rest. ![]() Now that you understand the difference between the PMP certificate and a masters or MBA in project management, here are the five advantages of the PMP over an MBA in project management: What it does do, is strengthen your qualifications that will enable you to take up managerial roles with regards to business administration in the project management industry. What you need to bear in mind is that an MBA in Project management does not make you a good project manager, or set you up for a career in project management. In such a course you will learn about accounting, finance, human resources, strategic planning and business operations – after all, it’s a Master of Business Administration in project management. To maximise opportunity in the project management industry, an MBA can be beneficial, but ultimately you will want to complete the PMP certificate.Īn MBA in project management provides you with the skills and knowledge to enter administrative roles. And this is because an MBA in project management is an academic qualification. In the project management industry, it is important to recognise that even if someone completed an MBA, their careers often remained stagnant. This resulted in an over-supply of MBA graduates and thus the qualification lost its flare and attractiveness. The initial high demand for MBA graduates drove educational institutions to shorten MBA programmes and make them more accessible to a larger audience – but this resulted in an influx of MBA students and practically anyone who could qualify and afford one, enrolled for one. Nowadays there are hundreds of universities and business schools that offer MBAs in a variety of specialisations – including project management driven MBAs. Initially an MBA was a sought after degree because not many people could afford the cost or to spend two years on a degree-programme during their working career. It allows for flexible study-time, you may be able to do the masters over 3 years instead of 2, or simply enjoy the work-from-home arrangement and complete your masters in the comfort of your own home. If you are already working or have a busy daily schedule, an online project management masters is a good choice. There are many project management programs to choose from, and postgraduate options at both in-person and online educational institutions are plentiful. The project management industry is a hugely practical industry and being able to show proof of work done is rather important – especially if you do not have the PMP certificate yet. One aspect of a masters in project management that you’ll need to consider is that it is purely an academic qualification and will probably only cover the theoretical part of project management. One big benefit is that you’ll likely be accepted in almost any industry and will have a thriving career and plenty of growth opportunities. Studying a masters in project management will give you an added edge when applying for jobs. So what is it and what benefits does it have? If you studied toward a degree in project management, a masters in the field seems like a good idea. Once you have completed your undergraduate studies, you might consider a postgraduate qualification. To find out more about the PMP certificate, read more on how to become a certified project manager. In order to be a certified project manager, you’ll need to obtain the PMP certificate from the PMI. Although these qualifications may help you understand the theoretical part of project management en route to the PMP certificate, it doesn’t dictate that you are a certified project manager. These are governed by educational institutions and do not need to comply with requirements as set out by the PMI. It consists of external exams and compulsory work experience.Īn MBA or a masters in project management on the other hand are academic qualifications. The PMP certificate indicates to employers that you indeed understand all the ins-and-outs of project management. On the other hand, the PMP certification is a professional certification of competence which is governed by the Project management Institute (PMI). The most important aspect to consider between the three qualifications is that an MBA and a masters in project management are academic qualifications which you obtain from a tertiary institution such as a university or business school.
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