Project management, a much talked about subject in MBA, is not a simple concept to understand but a specialization in the area gives you an opportunity to advance your career to a great extent. A master’s degree in the field qualifies you to hold titles like Project Manager, Project Director, Chief Technical officer, Project management consultant, but of course with proper practice and experience.
Project management is a highly respected and high paying field and very organized one as well. To become a project manager, who is recognized all over the world, you need to certify yourself as a Project manager.
A globally recognized organization called PMI offers a variety of choices for certification and you can go for any of the certifications from CAPM, PMP,PgMP, PMI-ACP, PMI-RMP, PMI-SP, OPM3, as per your qualification. You can find more information about them at http://www.pmi.org.in/.
But certification is not the only step as Project management career is path of continuous learning, and you have to keep yourself updated by participating in professional development activities that earn you PDU’s(Professional Development Units) to maintain your credentials. Every credential you earn requires specific amount of PDU’s per 3-year certification cycle.
Let us understand the scope of earnings that project management. Project managers’ salaries vary, depending on different criteria like title, education background, and certification duration.
Average : $84,000 to $99,000
|Education background||Salary||PMP certification||Salary|
|High School Degree||$88,000||Less than 1 year||$86,000|
|College or Associate’s Degree||$90,000||1 to 5 years||$100,000|
|Bachelor’s Degree||$98,000||5 to 10 years||$108,206|
|Master’s Degree||$105,000||10 to 20 years||$118,000|
There are instances of Project Managers doing well in India, even without certification but for this, they need to work with an organization to learn the skills of Project Management from other experts for 5-6 years before you can establish yourself and get to the level of recognition, when you can compete with other project managers in the world.
Thus, it is recommended to get the certification if you are serious about making your career into Project Management
What after certification?
There are various industries where you can apply for the post of project manager including IT, Infra-structure, Automation, training, Defense and Financial services. Your knowledge will enable you to handle new product development, design, procurement and construction.
The colleges offering project management specialization in India are
- IIBMS, Pune
- PMI, Noida
- IMSR, Mumbai
- Bharati Vidyapeeth Deemed University’s Dept. of Information Technology & Management, Pune
- National Institute of Construction Management and Research, Mumbai
- Oasis Institute of Health Science & Research Center, Pune
- Profex Institute of Technical Education, Kolkatta
N.B. There are more instates today which offer Project Management course, which you can find out from contacting the institute you are applying to
You can also pursue your MBA from other institutes of India and at the same time prepare for the certification to succeed.
How to Prepare?
PMI offers courses to prepare you for certification also. They have some Registered Education Providers (R.E.P’s) in India that offer you preparatory courses. You cn find the details of these R.E.P’s on their website.
You can also prepare for the examination on your own by using the PMBOK guide which is easily available online on various websites, one of which is unipi.gr (http://www.unipi.gr/akad_tmhm/biom_dioik_tech/files/pmbok.pdf)
The syllabus and education criteria for different kinds of specifications are given on the PMI organizations website.
Project Management doesn’t necessarily require an MBA, even technical graduates go for such specialized courses but MBA can definitely be add on advantage that you have, if you want to get into a management role.
by Pooja Dubey Srivastava