The truth is that both degrees hold long-lasting value and show a dedication and commitment to your chosen field.
Working business professionals are expected to perform at the highest level in today’s global economy. The discipline of project management has always been important in the fields of construction, information technology and engineering, but project-management methodologies are now being applied to other fields because there is a greater understanding of strategic project, portfolio and programme management.
But what if you are considering your next career move – in the long run, is it better to do an online Master of Business Administration degree (MBA) or an MSc in Project Management? If you’re faced with the task of deciding which online management programme would suit you best, it might be worth considering the following points.
Are you looking to move into the field of project management or perhaps build your knowledge in the area so that you can take the lead on larger projects? The MSc in Project Management is designed to equip students with the skills and competencies needed to build their confidence to manage the full lifecycle of a project, from initiation to closing and evaluation.
If you are hoping to position yourself as a strategic thinker at an executive level then an MBA will give you the general overview and leadership skills you will need in order to understand the direction your company is heading and to contribute to strategic conversations.
An MBA from an accredited UK university is an established accolade recognised throughout the world. According to the Graduate Management Admission Council’s 2014 year-end poll, hiring demand for MBA graduates remained strong. This talent was the most sought-after candidate type among all business school graduates, with 72% of employers reporting plans to hire an MBA candidate in 2015.
Although project management is a comparatively new discipline, the majority of organisations believe it is critical to business performance and organisational success. Computerworld released a study confirming the increasing demand for project management. After programming, it was the second most desired skill for 2015 and forecast employment figures of project managers are on the rise.
With regards to programme content, both programmes include a focus on leadership as a key area of personal and professional development. Even though the MSc in Project Management looks primarily at the execution of individual projects, strategic thinking and change management also play an important role. No project has “steady state” as its goal.
If you hold a middle-management position or you’re a young entrepreneur, or part of an SME, an MBA could help you develop your critical thinking. By enhancing your ability to strategise at a high level, this could give you the knowledge needed to increase your company’s capacity to manage several projects simultaneously.
Universities such as the University of Roehampton, London offer a range of online masters degree programmes tailored towards giving working professionals the learning they need to bridge skills gaps, implement current best practice and achieve greater success in their field of expertise.
Whether you choose and MBA or an MSc in Project Management, both should give you a competitive edge that could lead to new career opportunities, increased earning power and the ability to lead with confidence.
Find out more about online management programmes at the University of Roehampton, London Online.