Most Affordable Online MBA Programs in Project Management

An MBA in project management can help you rise through the ranks of your field and obtain some of the most desirable leadership positions in business. You’ll develop the skills to lead large-scale teams and projects in many environments.

However, MBAs require an investment of time and money. This guide covers the most affordable online MBAs in project management and shows you what to look for when choosing a program.

An MBA in project management prepares students to develop and lead teams and projects across various industries. While program specifics vary among schools, the sections below provide an idea of what you can expect from an MBA in project management.

Every program is different, but MBAs generally take two years of full-time study to complete. They feature 30-60 credits and may offer full-time or part-time options. Some accelerated MBA programs offer one-year completion pathways.

Program length depends on your school choice, delivery method, and course load. In some schools, you can reduce your study time with transfer credits or work experience credits.

MBA programs offer various delivery formats, including traditional full-time, online, hybrid, and evening and weekend options. Online programs accommodate distance learners, but they may feature a less interactive experience than in-person programs.

Online programs may use synchronous delivery in traditional, evening, and/or weekend classes. Some schools deliver asynchronous classes through flexible or even self-paced schedules.

Hybrid programs offer a blend of online and on-campus courses, but students still need access to campus.

Earning an on-campus or online MBA in project management can greatly enhance your career options and employability. However, a master’s degree in project management can carry a hefty price tag.

According to the National Center for Education Statistics, the average annual cost of an MBA is $31,267. Online MBA programs have a lower average annual cost of $22,767, whereas campus-based programs cost $40,299 per year on average.

You can begin your search for financial assistance by completing the Free Application for Federal Student Aid (FAFSA) and researching scholarships and grant programs from your school. You can also explore the five funding options presented below.

In the United States, the Council for Higher Education Accreditation (CHEA) and the U.S. Department of Education (ED) oversee accrediting agencies. Both organizations ensure that accrediting bodies maintain high standards and apply criteria consistently. Accreditation primarily occurs at the institutional and programmatic levels.

Institutional accreditation ensures a school’s quality and also allows students to apply for federal financial aid. Only candidates enrolled at accredited institutions may apply for federal grants and scholarships, loan forgiveness programs, and government fellowship opportunities. Furthermore, most accredited schools exclusively accept transfer credits from other accredited colleges and universities.

Academic colleges, departments, and programs may receive programmatic accreditation from specialized agencies and professional organizations. Though not currently recognized by ED or CHEA, the Project Management Institute Global Accreditation Center for Project Management Education Programs is the main accrediting body for project management programs at all levels. Additionally, top MBA programs in the country can seek accreditation from the Association to Advance Collegiate Schools of Business or the Accreditation Council for Business Schools and Programs.

Project managers and specialists can take on leadership positions across many organizations and industries. Depending on their expertise, they can pursue work in business, information technology, architecture, and construction. The following sections explore some of the more common job opportunities within management.

An MBA in project management can lead to more job opportunities, salary increases, and increased professional responsibilities. However, while you can develop in-demand leadership skills, an MBA in project management takes a great deal of time and money. You need to determine if the return on investment is worthwhile for your unique situation.

MBA programs can be rigorous, and the project management specialization is no different. If you have an interest in the discipline and commitment to your studies, you should not find the program any more difficult than a typical master’s program.

You don’t need an MBA to become a project manager, but it can certainly help you in your job search. According to the Bureau of Labor Statistics, a project management specialist typically needs a bachelor’s degree at minimum, but they can better access senior positions with more experience and advanced education.

You can benefit from both an MBA and project management professional certification. Both credentials demonstrate an advanced understanding of the field and can help you stand out to employers. An MBA takes longer to complete and costs more, but it also has a broader appeal and more far-reaching applications.

You can lower the cost of an MBA in project management through transfer credits and work experience credits. You can also save on travel expenses and other costs by choosing an online MBA. Scholarships and grants can also help lower the cost of your degree.