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#Pmp requirements mba professional#

To increase your capacity for learning, to reach toward your greatest potential, and to be truly extraordinary, not just in project management but also in other life’s endeavors, strategically, you must evaluate what’s best for you in a larger context. PMP and certifications like it, outperform the MBA and other advanced degrees easily by 20 to 30 times.įurthermore, the MBA and other graduate degrees take an average of two years while most project professionals can prepare and pass the exam in a quarter of that time or less.īut, and this is an important but – the MBA or other degreed program is much more than a singular topic and is surely beyond project management. Thus, as a short-term decision based on financial, there is simply no comparison. The cost of the certification is about $2,000 for exam fees, books, and training.

#Pmp requirements mba professional#

So a simple analysis of payback period is roughly 2 years.Ĭontrasted with the PMP’s salary of $120,000, the median project professional with 5 to 10 years of experience. Hence with the MBA route you can expect to earn ‘half’ per year of what that MBA costs.The national average salary for those with an MBA working as marketing directors and chief financial officers was $118,654 and $128,201, respectively.Overall, the average total cost of North American programs (MBA) came in at $222,000.The cost and benefits analysis is fairly straightforward:

Let’s start with the simple question – financial. I would look at this question in two ways: strategic and financial. My views are nuanced as I am a college professor, a practitioner, and a trainer.

This is a great question, and there is a national debate currently underway about the value and financial return of higher education. Can you speak to me about the cost differences and return on investment? I’ve been thinking about getting an MBA but recently someone showed me a recent salary survey by the Project Management Institute that showed project professionals with Project Management Professional or PMP certifications earn 22% more than non-credential holders. I am a college graduate with a few solid years of experience and I am looking to advance my career. Tell me more about “training what you preach”?ĭetailed Interview (with transcript) 1.

PMO Advisory is also a training company.

Tell me more about the project award that your team has recently won?.

Which do you recommend: MBA or other graduate degrees or a project management certification such as PMP?

As a business school professor, CEO of a project management consulting and training company, and a working practitioner whom I believe has recently won an award for success in project delivery, you have strong credibility in all these arenas.

Can you tell me more about time commitment?.

I am a college graduate with a few solid years of experience and I am looking to advance my career.

Based on a recent interview, the goal of this article is to clarify and demystify some of the core questions in this debate. For project managers, the question of MBA or PMP (and similar certifications) is hotly debated. This decision-making is complicated by a growing trend for the past decade in which professional certifications are gaining prominence. For young professionals pursuing an MBA and other advanced Master and Doctoral degrees, this calculation is intimately intertwined in their decision making. While not necessarily and strictly financial, economic performance is certainly one important factor. Today, prudent students and their families are examining closely the cost of education, potential job prospects after completing their studies, and the life time value. The best path to advancing careers, building professional credentials, and enhancing job security is on the minds of many. Today, with the student debt at $1.3 trillion dollars in the United States, investment in education is the single most important decision confronting millions of people. With the Great Recession of 2007, the sense of vulnerability in the workforce continues to dominate.