A high-quality master of project management program like Northeastern’s will offer students multiple opportunities for experiential learning—such as co-ops or internships—which allow them to gain real, hands-on experience and put their education to use. This need comes at a time when many project management professionals are retiring, which will create even more of a demand for early- or mid-career professionals with the right skills and project management experience. “A project manager takes a project and drives it through an organization, helping the organization achieve the project goals set forth by executive leadership,” says Christopher Bolick, lead faculty for Northeastern University’s Master of Science in Project Management program. Certification helps demonstrate your proficiency in managing projects and teams. In other cases, though, having a master’s degree—while it makes you a more attractive job candidate—is a “want” for employers and not a “must,” says Katie Bardaro, lead economist at PayScale. When trying to figure out which program is right for you, keep the following points in mind: Each of these criteria is a hallmark of Northeastern’s Master of Science in Project Management program, making it a coveted choice among project managers on the path toward career growth. A Master of Science in Project Management will help you advance your career in five key ways. #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; } Unless you have very specific career goals within the discipline, or have the opportunity to pursue it part-time while working in the field, a graduate degree doesn’t appear to be worthwhile. As is the case with materials engineering, salary at the 75th percentile of earners in the biomedical engineering field is double that of the lowest 25th, suggesting that these two fields present the clearest case for pursuing a Master’s degree in your chosen specialty. 48% of working engineers in the field hold Master’s degrees or higher, while 52% hold undergraduate degrees. “We partner with a company that has a project to complete, and develop a project management plan that they will use,” Bolick says. “They may not be centrally located. Have your eye on a particular grad school? One way to advance your career in this industry is by obtaining, from the PMI. Some of today’s most in-demand disciplines—ready for you to plug into anytime, anywhere with the Professional Advancement Network. can help advance your career, download our free guide to breaking into the industry below. These include: Even if your career path eventually takes you in a different direction, the skills that you can learn during the pursuit of a master’s in project management will help you in whatever new role you take. Intuitively, we expect materials engineers to serve a critical role in the development of new technologies and process solutions through the development of improved photovoltaic cells, processor substrates, and similarly game-changing materials. Perhaps the two strongest examples for the general case, where pursuing a Master’s in engineering is of unquestionable value, are materials and biomedical engineering. The project management field is expected to see substantial growth over the next decade, making now a great time to upskill and meet demand. Employers will need to fill 2.2 million new project-oriented roles each year through 2027. For example, moving from a Project Manager II role to a Project Manager III role typically comes with a 13 percent raise. , he says, focus on oversight of the five stages of the project life cycle, which include: , identify the key stakeholders, discuss overall expectations, and secure the permission to move forward. 7 Business Careers You Can Pursue with a Global Studies Degree. */. Instead, a master’s degree in project management can be the key to advancing your career, as it focuses on building the critical project management skills you need to thrive in this industry. Petroleum engineers with Master’s degrees can only expect a 7% increase in mean salary through higher education. Grad school isn’t right for everyone, especially when you consider that the cost of tuition alone can reach well into the six figures. will help you advance your career in five key ways. 2. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. : Release resources that are no longer needed, close contracts, pay invoices, archive project files, and lead a post-implementation review. The key characteristics of an effective project manager—which include organization, discipline, time management, and communication—are well-suited for any job in today’s ever-changing world. If you are considering earning a master’s degree in project management, it is important that you evaluate all of your options in order to find the program that best aligns with your personal and professional goals. While it’s possible to bypass education requirements for certain jobs, some occupations, such as speech-language pathologists, biomedical engineers, and data scientists, demand a master’s degree, no exceptions. According to the PMI, employers will need to fill about. It also tends to lead to a salary boost; according to the PMI, the median annual salary of a project manager with PMP certification is $111,000, as compared to $91,000 for non-PMP holders. There are a number of fields with similarly low salary gaps between bachelor’s and Master’s degree holders, though the opportunity cost analysis is nowhere near so drastic.
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