Why are more project management professionals earning an MBA or MBA in Project Management? It’s because in today’s business environment project management is becoming an increasingly crucial responsibility. Currently, there are close to 75,000 jobs listed on indeed.com requesting an MBA and/or project management experience. Here are three reasons why earning your MBA from Florida Tech, 100% online, is the right choice to make.
#1: More Money
Master of Business Administration (MBA) degree holders can earn on average $15,000* more than those with a bachelor’s degree alone. An MBA in Project Management gives a degree holder the ability to not only earn a salary worthy of a professional project manager, it also gives them the ability to claim a salary worthy of their MBA.
In 2010, Payscale.com published a salary breakdown for MBA degree holders based on their experience:
| Years of Work Experience | Median Salary |
|---|---|
| Less than one year | $50,000 |
| Five years | $73,000 |
| Over five | $97,714 |
| Over 20 years | Over $100,000 |
The Payscale.com averages above are considered conservative. Signing and annual bonuses were not added into these figures. Payscale.com estimated that MBA holders received an additional $6,000 to $37,000 in signing and annual bonuses, which depended on the positions held and the skills brought to the job.
Figuring out your “worth” as an employee to a company involves a variety of factors. There are several websites that you can use to help you come up with this figure:
- Monster.com
- Careerbuilder.com
- Payscale.com
#2: Leadership Expertise
Today’s leading organizations look for employees who are equally comfortable being a team player and a project leader. Why? If you have ever worked in a team environment, there is always a leader who delegates to the other team members. Getting everyone to work as a cohesive unit is a huge undertaking, and only a good leader can accomplish this.
Florida Tech’s MBA with a specialization in Project Management is not your every-day MBA program. This program provides a solid business foundation and specialized courses that cultivate and reinforce the skills that project managers require. Florida Tech’s MBA students utilize team-based methods while receiving hands-on experience in planning and managing projects in the modern business environment.
An MBA in Project Management Gives You the Skills to Be a Good Leader
A specialized MBA program such as Florida Tech’s MBA/Project Management, will provide students with abilities to:
- Strategize, plan and implement at business and corporate levels
- Achieve project objectives while managing constraints
- Implement a process-based approach to accomplishing work activities
- Determine which tools or techniques are appropriate during different phases of the project management lifecycle
More Benefits From Earning a Specialized MBA
- Experience developing project plans using hands-on methodology
- An understanding of the project management body of knowledge and its theory
- An appreciation of how to plan and manage a project using concepts from development to closing
- Skills you can apply immediate in your workplace
#3: The Prestige of Earning an MBA in Project Management From a U.S. News-Ranked University
People recognize big names and accolades. When a recruiter or hiring manager sees an applicant with a credential from a top-ranking college or university, it stands out. Florida Tech holds numerous distinctions and is among the most respected and visionary research universities of the 21st century.
Not only is Florida Tech nationally recognized, it’s consistently ranked a Best National University by U.S. News & World Report, and is regionally accredited. If you receive your MBA from a regionally accredited university, you can move on to earn a doctorate.
Benefits of Learning Online
Convenience is another reason why earning your MBA in Project Management from Florida Tech is beneficial. You can earn your MBA 100% online, without having to set foot into a classroom. Essentially, your classroom can be anywhere you are as long as you have an Internet connection. This allows you to complete your courses around your schedule, whenever and wherever you are, 24/7.
Florida Tech’s state-of-the-art e-learning system immerses its students into a multimedia environment that allows them to study at their own convenience. You can watch, pause, rewind and review instructor-led lectures via the Internet or CD-ROM. Plus, you can even take your lectures on the road or to the gym with downloadable MP3s.
These online e-learning benefits allow you to maximize interaction with faculty and fellow students from around the globe. Also, you will be able to communicate, network and perfect your teamwork and leadership skills by collaborating on projects through online message boards and live chat rooms.
Make Your Move
Request more information on Florida Tech’s MBA with a specialization in Project Management now!
*U.S. Bureau of Labor Statistics, Q4 2009 income data for workers 25 years and older