Executive MBA in I.T. Project Management
Why take up Executive MBA in I.T. Project Management?
Own the Project, Own the Business – Project managers are on the frontlines of the business, helping to turn intangible things like goals and values into solid results that move the needle. Project managers have a great opportunity to make their mark on the business and improve how work gets done. Amongst roles, it is a greatly respected one.
Sought-After Skills With a Unique Specialization – IT project management skills are in high demand as an increasing number of organizations prefer specialists and project-based methods to get the job done right, the first time. IT project managers are unique in a way in which they’re focused solely on the IT needs of an organization and handle their varied duties and responsibilities with the help of robust IT project management software.
Interesting Role Providing Great Insights – Project Management is at the heart of businesses. Due to its interdisciplinary nature, it allows you to be the SPOC between departments, among stakeholders, between the top management and execution team, and even between the business and the client or vendor. It continues to remain an interesting profile because you get to interact with experts from all disciplines and gain knowledge of their respective domains which adds to your subject matter expertise, thereby helping you manage better.
Get Ready to Join the C-Suite – Project managers are some of the best candidates to be CEOs because to carry out the usual work they have to bring together all the disparate aspects of theory, reality, vision, process, finances, value, politics, and human nature to create successful outcomes. Project managers often manage projects that cross all organizational functions and get to see the organization as a whole entity rather than from the “siloed” view of a particular functional program for years within an industry or across industries.
Growing Industry & Attractive Prospects – IT Project Management professionals are drawing attractive compensations owing to their capabilities to face challenges in complex scenarios. As per PayScale, the average salary for a Project Manager, Information Technology (IT) is $88,619. The upper end of the highest range can go to $1,40,000 and beyond.
Impact on the Global Economy – Project managers contribute to a nation’s productivity, which supports GDP that in turn contributes to the standard of living. Looking globally, an estimated GDP output of project-oriented industries will reach $20.2 trillion in the next decade, while the lack of qualified talent could result in a potential loss of billions of dollars. This signifies how Project management has an enormous potential in driving economic growth.
A Trending Career – Today, the demand for project management specialists keeps growing. The data by PMI predicts exponential growth for the next decade. It is expected that employers will need around 87.7 million project management professionals by 2027. The BLS predicts the fastest growth rate for project managers in IT, i.e., 12 percent, faster than the average for all occupations. Also, in the last 5 years, the U.S. healthcare sector showed a 17% increase in project-oriented jobs – the biggest growth rate compared to other sectors.
Various career options for MBA in I.T. Project Management
The Project Management career progression is an interesting one since in a way it prepares you for the C-suite roles. Some of the interesting opportunities are as below:
Opportunities – Project Manager, Project Management Consultant, Network/Cloud Manager, Technical Services and Operations Manager, Software Product Manager, Database Manager, Senior Project Manager, Program Manager, PMO Director, New Product Development Manager, Team leader, Business Analyst, Technology Director, Information Security Manager, Chief Technology Officer, Chief Information Officer, Director of Project Management, COO, CEO
Industries – Manufacturing, Business Services, Finance and insurance, Oil and gas, Information services, Information technology, Construction, Utilities, BFSI, Healthcare and Life Sciences, Government and Defense, etc.