![]() ![]() It’s unique, entertaining and highly effective … and you can do it anytime, anywhere. Oh, and check out our Complete PMP® Exam Prep Course. Not sure what’s involved in getting your PMP? Check out the article A Beginner’s Guide To PMP: Everything You Need To Know If someone already has an MBA, why not add a PMP credential to it? Why can’t they have both? Plus, they get the opportunity to work on the “entire” business because projects require integration with scope, schedule, cost, quality, resource, communications, risk, procurement and stakeholders.įor those who are thinking about getting an MBA, have they considered these factors? Deliver them on time and within budget, and one can expect guaranteed visibility across the organization. On the other hand, project managers get to manage key initiatives and strategic projects. It can also break the invisible executive ceiling. Also, an MBA can open doors for specialized areas such as investment banking where one can earn up to $1M or more. Given that the average age for those starting an MBA is 28, they likely have at least three years of work experience.Īn MBA is a degree and a PMP is a professional certification. The PMP credential requires three years of experience working on projects. PMP = $500 to $1,000 for a PMP exam prep course + $550 exam fee = $1K+ Which one has a better ROI?Įven for project managers without the PMP credential, the average income is $95K. MBA = $40K tuition + $20K room, board and textbooks + $60K of lost income = $120K, multiply that by two years = $240K $1K+ and a couple of weeks to prepare and earn the PMP credential. One Key Distinctionįrom that perspective, an MBA degree and a Project Management Professional (PMP)® credential are roughly equal, EXCEPT for one key distinction.Ĭonsider the huge discrepancy for the time and financial commitment (tuition, board and lost income) of earning an MBA which can run almost a quarter of a million dollars (yes, you read that correctly) vs. Those with 3-5 years of experience make $90K. Interestingly enough, the Project Management Institute’s (PMI)® Salary Survey (2020) listed the median annual salary for project managers in the US at $116K. In general, for comparison purposes, let’s peg the average annual salary between $74K and $90K. Gender, industry, location and the school also play a factor. MBAs working in HR are on the low end and those in strategy are on the high end. Obviously, there are several factors that can impact the average salary. Similarly, the National Association of Colleges and Employers predicted that the average starting salary for the MBA Class of 2021 at $87,966. (2021) listed that experienced MBAs earn $74,288. PayScale (2021) reported that those with an MBA earn an average annual salary of $89,854. Is it better to pursue an MBA credential or to earn the PMP certification? To advance your career, the ultimate question is: MBA vs PMP. ![]() Since 2006, the MS in Computer Information Systems concentration in IT Project Management and the MS in Project Management at BU MET have been accredited by the Project Management Institute Global Accreditation Center for Project Management Education Programs (GAC).An MBA Degree vs. Proven practices and innovative techniques ensure that you gain the advanced competencies needed to excel in multinational industries such as telecom, construction, energy, IT, aerospace and defense, finance, and healthcare. Online or evenings on campus, you will develop the advanced skills in project management necessary to retain an advantage in a global marketplace that is ever more competitive and complex, making valuable connections to other professionals from around the world. Graduates become qualified for careers that include program manager, project engineer, project management consultant, and project manager, among others. Thanks to their expertise, BU MET’s project management programs provide expert support for professional certification training, including the Project Management Professional (PMP)® and Licensed or Professional ScrumMaster designations. Led by some of the most accomplished individuals in the business, BU’s Metropolitan College (MET) pioneered project management as an academic discipline, and today offers a variety of programs designed to prepare you to get the job done-under budget and on time.īU MET’s project management programs are taught by faculty who are highly credentialed and have played key roles in advising numerous multinational organizations on training and technology needs. ![]()
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