2025 Best MBA Programs in Project Management

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MBA Programs in Project Management
Tuition, ROI, Graduate Salary, GMAT Requirements

10 Best Ranked | Interactive Table | Salaries | Tuition | ROI | GMAT | Alumni Networking | How We Rank

$95,828

Average Tuition – Project Management MBA Programs

$85,620

Average Starting Salary – Project Management MBA Programs

559

Average GMAT Scores – Project Management MBA Programs

197%

Average ROI – Finance MBA Programs

Executive Summary for MBA Programs in Project Management MBA Programs

The ranking team at MBAGuide.org, evaluated 27 Project Management MBA programs. Here is a summary of our comprehensive findings. Explore the details about the Project Management MBA, compare schools, find states and cities where the degree is offered.

  • Starting salary for new MBA graduates in Project Management is between $54,300 and $140,490 with an average of $85,620.
  • Campus tuition in for Project Management MBAs ranges between $1,012 to $1,521,252, with an average total tuition cost of $95,828
  • ROI for campus MBA programs in Project Management ranges between -12% to 450%, with an average ROI return of 197%
  • A GMAT score between 475 and 706 with an average of 559 is needed for acceptance into an MBA program in Project Management.
  • There are 27 campus and 22 online MBA Project Management Programs.
  • Average student enrollment varies between 9 and 1,770 with an overall average of 262.
  • Student / Faculty Ratio for MBA programs offering a Project Management concentration varies between 7:1 and 31:1 with an average of 17:1 students.
  • 25 MBA programs in Project Management are ranked by the following institutions MBAGuide: 21, US News: 5, Forbes: 4, BW: 4, FT: 3 and Economist: 4.
  1. Comprehensive comparisons, data and analysis – MBAGuide conducted an in-depth analysis of 27 AACSB-accredited campus MBA programs in Project Management to find the top programs in the country.
  2. Ranking metrics you care about – such as average starting salaries, tuition fees, return on investment (ROI), GMAT scores, alumni networks, student-to-faculty ratios, and more with no paywall.
  3. Detailed school profiles of Project Management MBA programs their strengths, faculty expertise, alumni networks to help align your program choice

Best 10 MBA Programs in Project Management

Emory University

Goizueta Business School

Location:

  • Atlanta

,

  • GA

Control: Private

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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  • Tuition: $153,800
  • Graduate Salary: $121,380
  • Graduate ROI: 78%
  • GMAT Required: Yes
  • Avg. GMAT: 705
  • Student / Faculty Ratio: 2:1
  • Business School Enrollment: 2,808

Degree Level(s):

  • Doctoral
  • ·
  • E-MBA
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Evenings
  • ·
  • Full-Time
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 23
  • Accounting
  • Consulting
  • Corporate Finance
  • Data Analytics
  • Entrepreneurship
  • Finance
  • Global Management
  • Healthcare Administration
  • Information Systems
  • Leadership
  • Management
  • Marketing
  • Operations Management
  • Organizational Behavior
  • Product Management
  • Real Estate
  • Rankings
  • City Rank: 1
  • State Rank: 2
  • National Rank: 14
  • Best in:

Carnegie Mellon University

Tepper School of Business

Location:

  • Pittsburgh

,

  • PA

Control: Private

Academic Year: Quarter

Accredited: AACSB

Accreditation: Business

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  • Tuition: $81,340
  • Graduate Salary: $189,275
  • Graduate ROI: 232%
  • GMAT Required: Yes
  • Avg. GMAT: 697
  • Student / Faculty Ratio: 13:1
  • Business School Enrollment: 1,924

Degree Level(s):

  • Doctoral
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Distance Education
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • Concentrations: 14
  • Accounting
  • Corporate Finance
  • Data Analytics
  • Economics
  • Energy
  • Finance
  • General Business
  • Information Systems
  • Marketing
  • Operations Management
  • Organizational Behavior
  • Other
  • Product Management
  • Quantitative Methods
  • Science and Technology
  • Sustainability
  • Rankings
  • City Rank: 1
  • State Rank: 2
  • National Rank: 31
  • Online Rank: 14
  • Best in:

Washington University in St. Louis

Olin Business School

Location:

  • St. Louis

,

  • MO

Control: Private

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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  • Tuition: $70,250
  • Graduate Salary: $130,000
  • Graduate ROI: 185%
  • GMAT Required: No
  • Avg. GMAT: 706
  • Student / Faculty Ratio: 7:1
  • Business School Enrollment: 2,983

Degree Level(s):

  • Doctoral
  • ·
  • E-MBA
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Partnership
  • ·
  • Weekends
  • Concentrations: 12
  • Accounting
  • Corporate Finance
  • Data Analytics
  • Economics
  • Entrepreneurship
  • Finance
  • General Business
  • Healthcare Administration
  • Information Systems
  • Marketing
  • Operations Management
  • Organizational Behavior
  • Product Management
  • Project Management
  • Science and Technology
  • Supply Chain
  • Rankings
  • City Rank: 1
  • State Rank: 1
  • National Rank: 51
  • Online Rank: 27
  • Best in:

University of California, Davis

Graduate School of Management

Location:

  • Davis

,

  • CA

Control: Public

Academic Year: Quarter

Accredited: AACSB

Accreditation: Business

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  • Tuition: $51,297
  • Graduate Salary: $98,000
  • Graduate ROI: 191%
  • GMAT Required: Yes
  • Avg. GMAT: 663
  • Student / Faculty Ratio: 9:1
  • Business School Enrollment: 863

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Full-Time
  • ·
  • Online
  • Concentrations: 8
  • Accounting
  • Consulting
  • Engineering
  • Entrepreneurship
  • Finance
  • General Business
  • Healthcare Administration
  • Human Resources
  • Information Systems
  • Leadership
  • Manufacturing
  • Marketing
  • Operations Management
  • Organizational Behavior
  • Product Management
  • Project Management
  • Real Estate
  • Statistics
  • Rankings
  • City Rank: 1
  • State Rank: 5
  • National Rank: 55
  • Online Rank: 30
  • Best in:

University of Cincinnati

Carl H. Lindner College of Business

Location:

  • Cincinnati

,

  • OH

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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  • Tuition: $23,000
  • Graduate Salary: $110,000
  • Graduate ROI: 478%
  • GMAT Required: No
  • Avg. GMAT: 630
  • Student / Faculty Ratio: 18:1
  • Business School Enrollment: 5,852

Degree Level(s):

  • Doctoral
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • 1-Year
  • ·
  • Campus
  • ·
  • Distance Education
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Off Campus
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 6
  • Accounting
  • Communications
  • Corporate Finance
  • Data Analytics
  • E-Commerce
  • Economics
  • Entrepreneurship
  • Finance
  • General Business
  • Global Management
  • Human Resources
  • Information Systems
  • Insurance
  • International Business
  • Management
  • Manufacturing
  • Marketing
  • Operations Management
  • Product Management
  • Project Management
  • Quantitative Methods
  • Real Estate
  • Science and Technology
  • Taxation
  • Rankings
  • City Rank: 1
  • State Rank: 1
  • National Rank: 64
  • Online Rank: 38
  • Best in:

University of Nebraska-Lincoln

College of Business

Location:

  • Lincoln

,

  • NE

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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  • Tuition: $34,080
  • Graduate Salary: $129,985
  • Graduate ROI: 380%
  • GMAT Required: No
  • Avg. GMAT: 627
  • Student / Faculty Ratio: 16:1
  • Business School Enrollment: 4,386

Degree Level(s):

  • Doctoral
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Distance Education
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Partnership
  • ·
  • Weekends
  • Concentrations: 17
  • Accounting
  • Actuarial Science
  • Corporate Finance
  • Data Analytics
  • Economics
  • Entrepreneurship
  • Finance
  • General Business
  • Global Management
  • Human Resources
  • International Business
  • Law
  • Management
  • Marketing
  • Other
  • Product Management
  • Supply Chain
  • Rankings
  • City Rank: 1
  • State Rank: 1
  • National Rank: 96
  • Online Rank: 64
  • Best in:

San Jose State University

Lucas College and Graduate School of Business

Location:

  • San Jose

,

  • CA

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

  • Tuition: $42,462
  • Graduate Salary: $77,500
  • Graduate ROI: 182%
  • GMAT Required: Yes
  • Avg. GMAT: 587
  • Student / Faculty Ratio: 31:1
  • Business School Enrollment: 6,334

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Full-Time
  • ·
  • Online
  • Concentrations: 9
  • Accounting
  • Communications
  • Corporate Finance
  • Data Analytics
  • Entrepreneurship
  • Finance
  • General Business
  • Global Management
  • Hospitality Management
  • Human Resources
  • Information Systems
  • International Business
  • Leadership
  • Management
  • Marketing
  • Operations Management
  • Other
  • Product Management
  • Project Management
  • Supply Chain
  • Taxation
  • Rankings
  • City Rank: 1
  • State Rank: 13
  • National Rank: 131
  • Online Rank: 90
  • Best in:

University of Massachusetts Lowell

Manning School of Business

Location:

  • Lowell

,

  • MA

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business

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  • Tuition: $17,036
  • Graduate Salary: $61,467
  • Graduate ROI: 360%
  • GMAT Required: No
  • Avg. GMAT: 623
  • Student / Faculty Ratio: 17:1
  • Business School Enrollment: 3,767

Degree Level(s):

  • Doctoral
  • ·
  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • 1-Year
  • ·
  • Campus
  • ·
  • Distance Education
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Off Campus
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 9
  • Accounting
  • Corporate Finance
  • Data Analytics
  • Entrepreneurship
  • Finance
  • General Business
  • Leadership
  • Marketing
  • Product Management
  • Supply Chain
  • Rankings
  • City Rank: 1
  • State Rank: 16
  • National Rank: 201
  • Online Rank: 138
  • Best in:

Gonzaga University

School of Business Administration

Location:

  • Spokane

,

  • WA

Control: Private

Academic Year: Semester

Accredited: AACSB

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  • Tuition: $41,085
  • Graduate Salary: $78,300
  • Graduate ROI: 190%
  • GMAT Required: Yes
  • Avg. GMAT: 485
  • Student / Faculty Ratio: 12:1
  • Business School Enrollment: 1,849

Degree Level(s):

Offered As:

  • Distance Education
  • ·
  • Full-Time
  • ·
  • Part-Time
  • ·
  • Partnership
  • Concentrations: 2
  • Product Management
  • Project Management
  • Rankings
  • City Rank: 1
  • State Rank: 5
  • National Rank: 202
  • Best in:

Wright State University

Raj Soin College of Business

Location:

  • Dayton

,

  • OH

Control: Public

Academic Year: Semester

Accredited: AACSB

Accreditation: Business and Accounting

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  • Tuition: $23,400
  • Graduate Salary: $115,000
  • Graduate ROI: 310%
  • GMAT Required: No
  • Avg. GMAT: 525
  • Student / Faculty Ratio: 15:1
  • Business School Enrollment: 1,395

Degree Level(s):

  • Master
  • ·
  • MBA
  • ·
  • Undergraduate

Offered As:

  • Campus
  • ·
  • Distance Education
  • ·
  • Evenings
  • ·
  • Full-Time
  • ·
  • Online
  • ·
  • Part-Time
  • ·
  • Weekends
  • Concentrations: 10
  • Accounting
  • Corporate Finance
  • Economics
  • Entrepreneurship
  • Finance
  • General Business
  • Global Management
  • Healthcare Administration
  • Human Resources
  • Information Systems
  • International Business
  • Management
  • Marketing
  • Other
  • Product Management
  • Project Management
  • Supply Chain
  • Rankings
  • City Rank: 2
  • State Rank: 8
  • National Rank: 214
  • Online Rank: 148
  • Best in:

Interactive Table of the Best Ranked MBA Programs in Project Management

Easily sort the interactive table below to find the best Project Management MBA programs by RankSchool NameROITuitionAverage Starting Salary, and Campus or Online to find and to compare MBA programs in Project Management. Click on any school for a comprehensive school profile.

Rank University ROIIn State TuitionAvg. Starting SalaryStateOnline
1 The University of North Carolina at Chapel Hill 253.00% $55,416 $140,490NCYes
2 Washington University in St. Louis 185.00% $70,250 $130,000MOYes
3 University of California, Davis 191.00% $51,297 $98,000CAYes
4 University of Cincinnati 478.00% $23,000 $110,000OHYes
5 George Mason University 194.00% $53,064 $103,100VAYes
6 Purdue University 318.00% $34,944 $111,284INYes
7 San Jose State University 182.00% $42,462 $77,500CAYes
8 California Polytechnic State University, San Luis Obispo 210.00% $37,080 $78,000CANo
9 Wright State University 310.00% $23,400 $115,000OHYes
10 Minnesota State University Moorhead 300.00% $28,313 $85,000MNYes
11 California State University, Chico 383.00% $30,000 $115,000CAYes
12 University of Detroit Mercy 119.00% $56,100 $67,000MIYes
13 University of Wisconsin Oshkosh 200.00% $25,740 $87,400WIYes
14 Ashland University 151.00% $34,650 $76,001OHYes
15 Illinois State University 473.00% $1,521,252 $72,000ILNo
16 University of Portland 25.00% $58,500 $73,500ORNo
17 University of Toledo 212.00% $1,012 $73,300OHYes
18 Arkansas State University 415.00% $17,292 $71,917ARYes
19 William Paterson University 260.00% $26,752 $70,500NJYes
20 University of Nebraska at Kearney 627.00% $9,603 $60,296NEYes
21 Loyola University New Orleans 46.00% $35,568 $55,290LAYes
22 University of West Florida 594.00% $124,608 $74,044FLYes
23 Fayetteville State University 79.00% $8,064 $54,300NCYes
24 Universidad Ana G. Méndez Gurabo 305.00% $15,000 $60,752PRNo
25 Northeastern State University 650.00% $12,340 $80,820OKYes

An MBA program in Project Management will cost you between $1,012.00 to $1,521,252.00.

  • Number of Programs Offering Project Management MBAs: 27
  • Average GMAT Score for Project Management MBA Programs: 559
  • Average In-State Tuition for Project Management MBA Programs: $95,828.28
  • Average Graduate Salary for Project Management MBA Programs: $85,620
  • Average ROI for Project Management MBA Programs: 197%

Compare Project Management MBA Program Averages vs Campus

 AveragesMBA ProgramsOnline MBA Programs
Number of Programs2722
Average Starting Salary$85,620$88,392
Average MBA Tuition$95,828
$36,375
Average ROI197%185%
Average GMAT Scores559
568
Average Full-Time MBA Faculty6262
Average MBA Student Faculty Ratio17:117:1
Faculty with Doctorate84%84%
Average Full-Time MBA Enrollment262291
Average Part-Time MBA Enrollment322349
Average % of MBA Students from U.S.84%84%

Read about our ranking methodology.

What is the Average MBA Salary for Project Management Graduates?

Though it’s not the only factor, compensation is an important consideration for individuals considering obtaining an MBA degree. Salaries for graduates with master’s degrees in Project Management can be significantly higher than those of graduates with only a bachelor’s degree. In addition, advance salary projections from the US Department of Labor show that average MBA salaries are expected to increase by 13.5% each year through the year 2028 with an annual need of 99,000 new managers needed each year.

MBA salaries differs wildly depending on the program you chose, the industry you enter and the experience you have. After earning an MBA from Fayetteville State University, the average MBA graduate annual salary is $54,300 . A degree from The University of North Carolina at Chapel Hill, will provide an annual salary of $140,490.

Average MBA starting salary for graduates from accredited programs is $85,620 with the lowest of starting of $54,300 and the highest reported starting salary of $140,490.

Average Graduate Salaries for In-Person Project Management MBA Programs

  • Average Project Management: $85,620
  • Lowest Project Management: $54,300
  • Highest Project Management: $140,490

10 Highest Salaries for In-Person MBA Graduates in Project Management

  1. The University of North Carolina at Chapel Hill - $140,490.00
  2. Washington University in St. Louis - $130,000.00
  3. Wright State University - $115,000.00
  4. California State University, Chico - $115,000.00
  5. Purdue University - $111,284.00
  6. University of Cincinnati - $110,000.00
  7. George Mason University - $103,100.00
  8. University of California, Davis - $98,000.00
  9. University of Wisconsin Oshkosh - $87,400.00
  10. Minnesota State University Moorhead - $85,000.00

10 Lowest Salaries for In-Person MBA Graduates in Project Management

  1. Fayetteville State University - $54,300.00
  2. Loyola University New Orleans - $55,290.00
  3. University of Nebraska at Kearney - $60,296.00
  4. Universidad Ana G. Méndez Gurabo - $60,752.00
  5. University of Detroit Mercy - $67,000.00
  6. William Paterson University - $70,500.00
  7. Arkansas State University - $71,917.00
  8. Illinois State University - $72,000.00
  9. University of Toledo - $73,300.00
  10. University of Portland - $73,500.00

Average Salary for Graduate of MBA Programs in Project Management Programs – Interactive Table

Easily sort the interactive table below to find the best Project Management MBA programs by Starting Salary, and Campus or Online to find and to compare MBA programs in Project Management. Click on any school for a comprehensive school profile.

Rank University Avg. Starting SalaryIn State TuitionROIStateOnline
1 Fayetteville State University $54,300 $8,064 79.00%NCYes
2 Loyola University New Orleans $55,290 $35,568 46.00%LAYes
3 University of Nebraska at Kearney $60,296 $9,603 627.00%NEYes
4 Universidad Ana G. Méndez Gurabo $60,752 $15,000 305.00%PRNo
5 University of Detroit Mercy $67,000 $56,100 119.00%MIYes
6 William Paterson University $70,500 $26,752 260.00%NJYes
7 Arkansas State University $71,917 $17,292 415.00%ARYes
8 Illinois State University $72,000 $1,521,252 473.00%ILNo
9 University of Toledo $73,300 $1,012 212.00%OHYes
10 University of Portland $73,500 $58,500 25.00%ORNo
11 University of West Florida $74,044 $124,608 594.00%FLYes
12 Ashland University $76,001 $34,650 151.00%OHYes
13 San Jose State University $77,500 $42,462 182.00%CAYes
14 California Polytechnic State University, San Luis Obispo $78,000 $37,080 210.00%CANo
15 Northeastern State University $80,820 $12,340 650.00%OKYes
16 Minnesota State University Moorhead $85,000 $28,313 300.00%MNYes
17 University of Wisconsin Oshkosh $87,400 $25,740 200.00%WIYes
18 University of California, Davis $98,000 $51,297 191.00%CAYes
19 George Mason University $103,100 $53,064 194.00%VAYes
20 University of Cincinnati $110,000 $23,000 478.00%OHYes
21 Purdue University $111,284 $34,944 318.00%INYes
22 Wright State University $115,000 $23,400 310.00%OHYes
22 California State University, Chico $115,000 $30,000 383.00%CAYes
24 Washington University in St. Louis $130,000 $70,250 185.00%MOYes
25 The University of North Carolina at Chapel Hill $140,490 $55,416 253.00%NCYes

What is the Average In-Person MBA Tuition for Project Management Programs?


If you plan on attending an MBA program, it’s best to start thinking about fiscal responsibility. A prospective B-Student needs to weigh their tuition options. An AACSB-accredited MBA program can pave the way for a great starting salary or career advancement. An MBA program can provide the flexibility of completing a program while being employed in your respective career.

The average in-state tuition for an MBA in Project Management is $95,828.28 compared to an average campus program Project Management is $95,828.28 .

The lowest AACSB tuition rate at $1,012.00 from University of Toledo.

The highest AACSB tuition rate is $1,521,252.00 from Illinois State University.

Average Tuition for In-Person MBA Programs in Project Management

10 Most Affordable MBA Programs in Project Management

  1. University of Toledo - $1,012.00
  2. Fayetteville State University - $8,064.00
  3. University of Nebraska at Kearney - $9,603.00
  4. Northeastern State University - $12,340.00
  5. Universidad Ana G. Méndez Gurabo - $15,000.00
  6. Arkansas State University - $17,292.00
  7. University of Cincinnati - $23,000.00
  8. Wright State University - $23,400.00
  9. University of Wisconsin Oshkosh - $25,740.00
  10. William Paterson University - $26,752.00

10 Most Expensive MBA Programs in Project Management

  1. Illinois State University - $1,521,252.00
  2. University of West Florida - $124,608.00
  3. Washington University in St. Louis - $70,250.00
  4. University of Portland - $58,500.00
  5. University of Detroit Mercy - $56,100.00
  6. The University of North Carolina at Chapel Hill - $55,416.00
  7. George Mason University - $53,064.00
  8. University of California, Davis - $51,297.00
  9. San Jose State University - $42,462.00
  10. California Polytechnic State University, San Luis Obispo - $37,080.00

Interactive Table – Tuition for MBA Programs in Project Management Programs

Easily sort the interactive table below to find the best Project Management MBA programs by Tuition to find and to compare MBA programs in Project Management. Click on any school for a comprehensive school profile.

Rank University In State TuitionAvg. Starting SalaryROIStateOnline
1 University of Toledo $1,012 $73,300 212.00%OHYes
2 Fayetteville State University $8,064 $54,300 79.00%NCYes
3 University of Nebraska at Kearney $9,603 $60,296 627.00%NEYes
4 Northeastern State University $12,340 $80,820 650.00%OKYes
5 Universidad Ana G. Méndez Gurabo $15,000 $60,752 305.00%PRNo
6 Arkansas State University $17,292 $71,917 415.00%ARYes
7 University of Cincinnati $23,000 $110,000 478.00%OHYes
8 Wright State University $23,400 $115,000 310.00%OHYes
9 University of Wisconsin Oshkosh $25,740 $87,400 200.00%WIYes
10 William Paterson University $26,752 $70,500 260.00%NJYes
11 Minnesota State University Moorhead $28,313 $85,000 300.00%MNYes
12 California State University, Chico $30,000 $115,000 383.00%CAYes
13 Ashland University $34,650 $76,001 151.00%OHYes
14 Purdue University $34,944 $111,284 318.00%INYes
15 Loyola University New Orleans $35,568 $55,290 46.00%LAYes
16 California Polytechnic State University, San Luis Obispo $37,080 $78,000 210.00%CANo
17 San Jose State University $42,462 $77,500 182.00%CAYes
18 University of California, Davis $51,297 $98,000 191.00%CAYes
19 George Mason University $53,064 $103,100 194.00%VAYes
20 The University of North Carolina at Chapel Hill $55,416 $140,490 253.00%NCYes
21 University of Detroit Mercy $56,100 $67,000 119.00%MIYes
22 University of Portland $58,500 $73,500 25.00%ORNo
23 Washington University in St. Louis $70,250 $130,000 185.00%MOYes
24 University of West Florida $124,608 $74,044 594.00%FLYes
25 Illinois State University $1,521,252 $72,000 473.00%ILNo

What is the Average ROI for MBA Programs in Project Management?

Choosing an MBA program requires more than a glance at the school’s reputation or curriculum. The return on investment (ROI) should take center stage in your evaluation. This measurement reveals the potential value derived from your tuition investment, putting key factors such as starting salary and career progression under the microscope.

By scrutinizing the ROI, you’re not just making a decision—you’re making an informed one. This approach will ensure the selection of an MBA program that provides the most bang for your buck. Checking the ROI might not be an afterthought; it could be the game-changer in your MBA journey.

For MBA programs in across the U.S., the ROI ranges from -12% to 450%.The lowest MBA ROI of -12% is from the program at University of Portland.The highest MBA ROI of 450% is offered by Northeastern State University.On average, MBA programs across the U.S. have an ROI of 186%.

Interactive Table – ROI for MBA Programs in Project Management Programs

Easily sort the interactive table below to find the best Project Management MBA programs by ROI to find and to compare MBA programs in Project Management. Click on any school for a comprehensive school profile.

Rank University ROIIn State TuitionAvg. Starting SalaryStateOnline
1 Northeastern State University 650.00% $12,340 $80,820OKYes
2 University of Nebraska at Kearney 627.00% $9,603 $60,296NEYes
3 University of West Florida 594.00% $124,608 $74,044FLYes
4 University of Cincinnati 478.00% $23,000 $110,000OHYes
5 Illinois State University 473.00% $1,521,252 $72,000ILNo
6 Arkansas State University 415.00% $17,292 $71,917ARYes
7 California State University, Chico 383.00% $30,000 $115,000CAYes
8 Purdue University 318.00% $34,944 $111,284INYes
9 Wright State University 310.00% $23,400 $115,000OHYes
10 Universidad Ana G. Méndez Gurabo 305.00% $15,000 $60,752PRNo
11 Minnesota State University Moorhead 300.00% $28,313 $85,000MNYes
12 William Paterson University 260.00% $26,752 $70,500NJYes
13 The University of North Carolina at Chapel Hill 253.00% $55,416 $140,490NCYes
14 University of Toledo 212.00% $1,012 $73,300OHYes
15 California Polytechnic State University, San Luis Obispo 210.00% $37,080 $78,000CANo
16 University of Wisconsin Oshkosh 200.00% $25,740 $87,400WIYes
17 George Mason University 194.00% $53,064 $103,100VAYes
18 University of California, Davis 191.00% $51,297 $98,000CAYes
19 Washington University in St. Louis 185.00% $70,250 $130,000MOYes
20 San Jose State University 182.00% $42,462 $77,500CAYes
21 Ashland University 151.00% $34,650 $76,001OHYes
22 University of Detroit Mercy 119.00% $56,100 $67,000MIYes
23 Fayetteville State University 79.00% $8,064 $54,300NCYes
24 Loyola University New Orleans 46.00% $35,568 $55,290LAYes
25 University of Portland 25.00% $58,500 $73,500ORNo

ROI for MBA Programs

  • Average: 186%
  • Lowest: -12%
  • Highest: 450%

10 Highest ROI for MBA Programs in Project Management

  1. Northeastern State University - 650.00%
  2. University of Nebraska at Kearney - 627.00%
  3. University of West Florida - 594.00%
  4. University of Cincinnati - 478.00%
  5. Illinois State University - 473.00%
  6. Arkansas State University - 415.00%
  7. California State University, Chico - 383.00%
  8. Purdue University - 318.00%
  9. Wright State University - 310.00%
  10. Universidad Ana G. Méndez Gurabo - 305.00%

10 Lowest ROI for MBA Programs in Project Management

  1. University of Portland - 25.00%
  2. Loyola University New Orleans - 46.00%
  3. Fayetteville State University - 79.00%
  4. University of Detroit Mercy - 119.00%
  5. Ashland University - 151.00%
  6. San Jose State University - 182.00%
  7. Washington University in St. Louis - 185.00%
  8. University of California, Davis - 191.00%
  9. George Mason University - 194.00%
  10. University of Wisconsin Oshkosh - 200.00%

What is the Average GMAT Score Needed for an MBA Program in Project Management?

The Graduate Management Admission Test (GMAT) is a standardized examination used by MBA schools to assess their applicant pool. The test is strategically designed to measure an applicant’s analytical, verbal, writing and mathematical skills. The GMAT is used as a predictor of success in MBA programs and tests one’s ability to successfully handle the advanced quantitative and qualitative study of business and management.

Even though some B-Schools may not require a GMAT Scores, there’s a good chance that a highly-competitive MBA program does require the GMAT. With that being said, average GMAT Scores for in-person MBA programs in Project Management is 559 with a highest of 706 and the lowest of 475

The average GMAT score needed for a Project Management MBA program from an institution is between 475 from University of Toledo to 706 from The University of North Carolina at Chapel Hill. The average GMAT scores for Project Management MBA programs is 559.

It’s important to note that not all MBA programs require a GMAT Score for admissions, but most reputable programs do. With that being said, if you have your eye on a list of competitive programs, it’s best to boost your GMAT Score accordingly. Outside of a solid GMAT Score, B-School admissions departments look at a candidate’s undergraduate GPA, professional experience, letters of recommendation, CV, and personal statement. A strong undergraduate performance may offset a sub-part GMAT Score. The average GMAT Score for on-campus MBA programs in Project Management is a 558.65 compared to an average MBA program score of 558.65. It is recommended that each B-School applicant take a GMAT diagnostic test in order to determine whether or not further study and/or a prep course is needed to boost your score.

Average GMAT Score for MBA Programs in Project Management

  • Average: 559
  • Lowest: 475
  • Highest: 706

10 Lowest GMAT for MBA Programs in Project Management

  1. University of Toledo - 475
  2. University of Nebraska at Kearney - 490
  3. Universidad Ana G. Méndez Gurabo - 500
  4. William Paterson University - 501
  5. Fayetteville State University - 510
  6. University of Portland - 510
  7. Loyola University New Orleans - 510
  8. University of West Florida - 514
  9. Wright State University - 525
  10. Illinois State University - 526

10 Highest GMAT for MBA Programs in Project Management

  1. The University of North Carolina at Chapel Hill - 707
  2. Washington University in St. Louis - 706
  3. University of California, Davis - 663
  4. Purdue University - 634
  5. University of Cincinnati - 630
  6. Minnesota State University Moorhead - 614
  7. George Mason University - 595
  8. San Jose State University - 587
  9. California State University, Chico - 570
  10. University of Detroit Mercy - 565

No GMAT or GRE: Best MBA Programs in Project Management

More than 233 AACSB accredited MBA programs do not require their applicants to take GMAT exam. Many well-known programs such as the University of Michigan and the University of California, Los Angeles no longer require the exam. If you are unsure where you would like to take your program, then you should take the GMAT sooner rather than later so you don’t lose time meeting the score requirement of a program.

Alumni from Schools Offering an MBA in Project Management

There are pros and cons when considering the size of your MBA in Accounting program. Larger, more diverse student populations, may lend itself to greater networking and job placement opportunities; whereas smaller programs may provide for more meaningful interactions with fellow classmates.

The importance of networking, whether it’s by way of campus job fairs, student organization members, or faculty mentorship, should not be understated when considering an MBA program. The average MBA enrollment size has a direct impact on your studies, your job prospects, your ability to define your career goals and after graduation connections.

Every B-School has a strategy behind their enrollment sizes. If a prospective B-Student is looking for networking opportunities, wants to attend job fairs, and plans on joining student organizations, B-School enrollment size plays an important role in the decision making process. For the B-Student interested in the smaller cohort-style classroom experience and thrive with face-to-face collaboration with their professors, a manageable enrollment size is the preferred option.

For Project Management MBA programs, the range for full-time enrollment is between 9 and 1,770. For part-time enrollment, the range is between : 23.00 and : 733.00.

Average Enrollment for MBA Programs Offering an MBA in Project Management

10 MBA Programs with the Highest Enrollment (Alumni)

  1. Washington University in St. Louis - 1,770
  2. Purdue University - 476
  3. University of Toledo - 462
  4. University of Cincinnati - 385
  5. George Mason University - 259
  6. William Paterson University - 218
  7. San Jose State University - 211
  8. Universidad Ana G. Méndez Gurabo - 206
  9. Illinois State University - 136
  10. Northeastern State University - 96

10 MBA Programs with the Smallest Enrollment (Alumni)

  1. University of Nebraska at Kearney - 9
  2. Minnesota State University Moorhead - 11
  3. University of Wisconsin Oshkosh - 21
  4. University of Detroit Mercy - 39
  5. University of Portland - 39
  6. University of West Florida - 45
  7. Wright State University - 70
  8. Northeastern State University - 96
  9. Illinois State University - 136
  10. Universidad Ana G. Méndez Gurabo - 206

Student / Faculty Ratio for MBA Programs in Project Management

For most students, their professors are the first exposure to the business world. They are normally practitioners in the field and have successful risen to the top of their respective careers. B-School Project Management Professors can guide you toward a specific concentration, provide the latest industry trends, and put you on the right track, career-wise. The Student/Faculty ratio is important to those interested in building a lasting relationship with their professor. To use them as a networking opportunity and an advisor.

Top 10 Concentrations Available from Schools Also Offering an Degree in Project Management?

Highly competitive B-Schools recruit part-time and full-time professors that are both academic and industry influencers. They are the subject matter experts in their respective concentrations. To meet the diverse needs of Project Management businesses, MBA programs here have risen to the challenge by offering you an array of more than 47 MBA concentrations including:

  • Project Management: 25
  • Marketing: 22
  • Finance: 22
  • Accounting: 19
  • General Business: 19
  • Information Systems: 17
  • Data Analytics: 17
  • Corporate Finance: 16
  • Management: 16
  • Supply Chain: 15

Here are the top schools offering the widest variety of concentrations to choose from:

The Importance of MBA Accreditation for MBA Programs

The importance of accreditation can’t be underestimated. For many, knowing your school is accredited by the AACSB and regionally accredited by the US Department of Education is enough assurance that you will receive a quality education, where credits are more likely to transfer, and you will be qualified for loans, grants, and scholarships.

AACSB accreditation is considered to be the gold standard in business school credentialing. Established to promote high-quality business education in the U.S., AACSB members developed a stringent accreditation process. Members are held accountable for following an established business education framework set forth by the AACSB. With that comes MBA degrees conferrals that are widely recognized by Fortune 500 companies. This results in lucrative job opportunities.

MBA Program Options Available for Project Management MBA Programs

Options for earning your Project Management MBA have never been more flexible. Project Management MBA programs have become adept at offering effective alternatives for you to earn your MBA, no matter your life situation or schedule.

There are 27 Project Management accredited MBA programs. 0 private and 19 public schools offering Project Management MBA programs.

Number of Award Earned for MBA Programs Offering an Project Management Degree

The ranking of MBA programs is certainly not an exact science and plenty of subjective reasoning and biases come into play. We offer insights into ranking as another way to evaluate a potential MBA program.

Of the 27 accredited MBA programs offered in Project Management, 21 of them have been recognized by at least one distinguished publication MBAGuide, PQ, US News, Forbes, BW, FT and Economist garnering an award as one of the best MBA programs in the country.

Publications and the number of awards granted for an MBA degree in Project Management :

  • MBAGuide: 21
  • US News: 5
  • Forbes: 4
  • BW: 4
  • FT: 3
  • Economist: 4

How We Rank the Best MBA Programs in Project Management

MBAGuide.org employs a comprehensive ranking methodology that combines quantitative data (80% of the score) with qualitative assessments (20%) to evaluate MBA programs. The quantitative component considers factors such as student-faculty ratio, tuition, enrollment, and post-graduation salaries, while the qualitative aspect incorporates editorial ratings and school reputation, providing a well-rounded view of each program’s quality and value.

Best MBA Programs by Concentration: Online and In-Person

What is an MBA in Project Management?

MBA Programs in Project Management equip students with the specific methods, processes, skills, knowledge, and experience to achieve project objectives according to the project criteria within agreed parameters. Unlike ordinary management that is an ongoing process, project management has a finite timespan and a final deliverable.

The purpose of project management is to foresee or predict upcoming dangers and problems that may likely occur. It also helps plan, organize, and control activities to ensure that the project is completed successfully, irrespective of the risks involved. 

An MBA program in Project Management introduces real-life situations you will be facing as a Project Manager and what to do to make accurate, strategic and tactical decisions.

As the US economy grows and is becoming linked with the economies of other nations, now is the best time to acquire the skills needed to manage projects efficiently. Getting an MBA in Project Management is a wise investment as there has never been a time when the skill is low. Rather, the demand for project managers is growing rapidly across the US. A project manager with an MBA in Project Management can find employment in construction, healthcare, industrial production, IT, consulting, or other areas. Although the content of an MBA in Project Management is similar across the United States, not all MBA in Project Management is the same.

The financial cost to get the degree differs from institutions. Some institutions might take a longer or shorter time to complete the MBA. The period might be a deal-breaker for you as shorter programs tend to be intense, while longer ones can be flexible yet be considered a waste of valuable time.

The Master of Business Administration (MBA) degree, one of the most in-demand graduate degrees available today and offers students the chance to learn an effective, diverse mixture of management theory and applied strategies from communication and supply chain management skills to financial and marketing needs.

With a strong focus on applied sciences and business knowledge, MBA students experience real-world interactions with other students and professors, providing a sense of collaboration between students as they tackle different facets of business theory.

An MBA with a concentration in business Analytics an advanced graduate degree that helps students build the critical tools and framework necessary to lead, manage, and grow businesses. Generally offered as a 2-year program, the majority of MBA programs require candidates to have at least 3 years of work experience before they begin the course work.

Common program requirements include accepting at least one internship during the term, writing a thesis or capstone project reflecting on the student’s growth over the year, and passing an exit exam or comprehensive final examination.

What Typical Classes Will I Take in My Project Management MBA Program?

Business schools typically offer programs that provide a comprehensive, rigorous training in business fundamentals and leadership. Full-time and part-time curricula exist, with part-time programs requiring students to balance school with full-time employment. As a student, you have the option of emphasizing an area of expertise by choosing a major or completing an integrated program. MBAs have flexibility in course selection due to the curriculum’s interdisciplinary nature; however, a typical curriculum has core courses, as well as required and elective courses in various disciplines.

Typically, to get into an MBA program, you must have had a bachelor’s degree or its equivalence. Most business schools desire these qualifications to ensure that you can pursue post-graduate school studies.

When you gain admission into a business school for your MBA program, there are courses you are expected to take. Below are some of the courses you will be offering:

  • Human Resources Management — Project managers should be able to effectively manage team members. Human Resources Management is one of the courses offered in business schools for prospective project managers. At the end of the course, you should be able to perform administrative functions in an organization. Since project managers can work in a variety of situations and different industries, they should understand hiring processes, interviewing people, consulting, and strategic planning.
  • Strategic Planning — A project manager should ensure that team members are working toward common goals. At the end of this course, the project manager should be able to prioritize tasks, delegate activities, and ensure that the team spirit is focused on achieving the goal of the project. Students taking this course will have the potential to develop a strategic plan in real-life situations.
  • Data Analytics — Data is the lifeline of businesses. One way to know whether a team is meeting its objectives is by analyzing the data. Fast-rising project managers should be able to read data and make accurate conclusions. The data analytics course in top institutions will expose a project manager to a variety of data. At the end of the course, the student should be able to model data from real-life instances and present them in a simplified manner to stakeholders.

What is the Starting Salary for Project Management MBAs?

The salary for a project manager depends on the industry and experience. The average starting salary for MBA students from Universities that offer an MBA in Project Management is $79,206, and the lowest starting salary is $55,955. The highest reported starting salary is $112,012.

The average salary of a project manager in some industries are given below:

Project Management Earnings by State and Experience

The amount you earn as a project manager also depends on where you are working. For instance, the District of Columbia pays Project Managers the highest salaries, followed by Maryland.

However, there are other factors that influence the amount you are paid as a Project Manager. Some of these factors are discussed below:

  • Years of Experience — A project manager with more than three years of experience will earn more than a fresh graduate. The difference in the salary of a fresh graduate in Project Management and an experienced Project Manager can be up to $15,000 or more.
  • Industry — The type of industry you work as a Project Manager can also determine how much you will earn. Project managers in consulting firms can earn as high as $132,500.
  • Team Size — As a project manager, you will have to manage teams. However, the size of the team you manage can be used to calculate what your salary will be. For example, a project manager that manages a large team will get paid a higher salary compared to a manager that manages a smaller team.
  • Location — The state or city you are working in can also affect what your salary will be as a project manager. The District of Columbia and the states around it — Maryland and Virginia — pay a significantly huge amount for project managers.

According to data collected by the U.S. Bureau of Labor Statistics, MBA pay and employment for 2022 is listed in the table below.

StateEmployment1 to 4 Years5 to 9 Years10 to 19 Years20+ Years
Alabama7,270$52,010$64,620$110,010$134,210
Alaska2,750$50,510$62,900$102,030$125,270
Arizona25,710$45,560$58,790$102,480$128,620
Arkansas8,800$34,040$43,970$80,760$106,020
California227,470$41,370$57,660$111,730$145,510
Colorado53,490$46,640$60,410$110,650$142,190
Connecticut9,880$52,600$65,200$108,530$139,190
Delaware1,970$56,150$66,660$109,420$133,350
District of Columbia40,120$58,800$74,660$127,980$170,790
Florida95,330$33,310$45,400$92,580$121,080
Georgia56,450$32,850$48,440$97,550$129,440
Hawaii5,040$43,670$57,000$94,940$112,890
Idaho4,730$41,530$53,210$94,980$119,950
Illinois54,350$44,570$60,920$108,300$132,150
Indiana13,150$38,810$51,020$90,640$115,440
Iowa10,410$39,390$52,330$88,250$111,650
Kansas11,260$43,570$55,750$95,560$117,890
Kentucky12,630$39,930$49,730$87,390$111,340
Louisiana20,870$28,630$41,140$79,850$105,870
Maine5,130$42,510$51,780$88,290$105,570
Maryland37,030$51,410$70,140$121,040$157,550
Massachusetts29,140$52,490$65,830$117,790$154,980
Michigan41,450$42,310$55,080$95,530$124,040
Minnesota31,070$42,570$55,260$92,990$120,930
Mississippi4,700$35,310$51,120$83,220$102,470
Missouri22,500$44,250$57,080$99,270$123,540
Montana4,470$35,240$46,370$78,890$99,750
Nebraska4,400$41,100$54,340$92,980$112,820
Nevada11,570$34,380$48,780$84,390$107,730
New Hampshire4,340$49,680$60,070$98,940$123,080
New Jersey53,000$49,540$64,080$108,620$137,040
New Mexico9,630$38,450$51,770$101,970$168,380
New York61,250$48,530$65,490$119,760$160,590
North Carolina39,420$42,180$54,500$99,600$129,580
North Dakota2,690$44,820$56,450$90,580$116,420
Ohio48,460$43,150$55,540$97,240$121,900
Oklahoma9,270$43,580$55,330$94,280$118,610
Oregon21,950$43,290$55,800$97,370$121,930
Pennsylvania34,760$47,150$62,110$105,630$131,750
Rhode Island4,370$52,760$65,140$108,220$133,120
South Carolina4,180$40,750$54,680$93,100$118,610
South Dakota1,320$43,260$56,180$86,900$106,880
Tennessee26,050$33,720$45,150$81,500$108,220
Texas130,870$45,420$59,760$104,720$135,570
Utah19,640$37,830$52,710$95,590$126,330
Vermont1,800$43,610$55,100$85,980$106,440
Virginia43,070$52,170$66,470$119,180$158,120
Washington48,730$47,220$60,370$110,260$143,610
West Virginia3,830$33,980$45,640$84,960$109,510
Wisconsin20,930$24,250$46,310$85,660$109,220
Wyoming1,730$44,690$56,420$94,170$117,840
Bureau of Labor Statistics – 2022

What Can I Do With an MBA in Project Management?

An MBA in Project Management can get you into a variety of fields. Project managers find employees with the Federal Government, pharmaceutical companies, IT companies, and many other industries. The following are a few jobs you can get when you complete an MBA in Project Management.

  • IT Project Manager — Project Managers that are in the field of IT oversee from the planning to execution stage. The manager usually delegates tasks to various members of the team and ensures everyone works together to achieve the goals of the organization. An IT project manager can be paid as high as $120,000.
  • Consulting Project Manager — Consulting project managers advise external businesses temporarily. They help these businesses identify areas that need improvements. Consulting project managers can work with consulting companies. You can expect to earn about $133,000 as a consulting project manager.
  • Government Project Manager — A government project manager ensures that project activities and resources are used to meet the project objectives. This the manager does by ensuring that everything is well managed and coordinated. Expect to get paid $115,000 as a government project manager.

What Skills Do I Need to be Successful In Project Management?

To become a successful project manager, there are several skills that you need. Some of them can be acquired as part of the business school education. However, if you can develop these skills before applying for an MBA in Project Management, you’d be ahead of other applicants.

  • Communication Skills — A project manager should be able to communicate well. When meeting clients, strong communication skills can help present your ideas. Team members also need clarity. A good project manager will share the vision of the organization with team members without ambiguity. Frequently, a project manager will need to make reports and presentations to share with clients and team members.
  • Organizational Skills — For projects to run smoothly, the project manager should be able to organize things properly. A good project manager should have the ability to prioritize tasks, keep records of activities, and compartmentalize projects. Many times, there’ll be a need to handle multiple tasks simultaneously. Project managers ensure that things do not become disorganized when multiple activities take place.
  • Leadership Skills — Perhaps one of the greatest skills a project manager should have. A project manager should be able to coordinate, encourage and set rules for the team members. Leadership can make or mar a project. Most organizations that hire project managers prioritize this skill.

What Are Benefits of Earning an MBA?

  • Increased Job Opportunities: What exactly will an MBA do for you? Mid- to upper-level management positions are available to you. Jobs that see fewer applicants, such as chief executive officer, are also open to you. Earning your MBA qualifies you for positions that range from department director to enterprise director and chief operating officer. Employment for MBA candidates is projected to increase by six percent per year over the next seven years. Three-quarters of employers say that they plan to hire MBA graduates in 2016, while ninety-two percent are increasing the number of MBA internships that they offer.
  • Increased Earnings: A recent study showed that the average MBA graduate’s pay was 50% higher than their position before earning their degree. Even more impressive, in the five years after earning their MBA, the average pay increased by 80%. These figures clearly show the financial benefits of an MBA but they don’t address the personal satisfaction that comes with greater responsibility.
  • Sharpen Your Professional Skills: As a graduate of an MBA program, you’ll develop the skills necessary to succeed in a competitive business environment. You’ll learn to think critically about problems, communicate effectively, work on a team and analyze complex financial data. You’ll also have access to some of the brightest minds and the latest resources in today’s business world.
  • Greater Job Security: Today’s job market is more turbulent than ever before, filling many with uncertainty and fears of being left out. Earning an MBA not only increases your earning potential but also offers a foundation for greater career stability and security. With the marketable skills to lead teams, take initiative and make positive changes in companies, you can quickly establish a secure foothold in an otherwise shaky job market.
  • Become a Respected Member of Your Business Community: Choosing to earn an MBA enables you to position yourself as a respected member of your business community. An MBA increases your professional vocabulary, enhances your strategic thinking and analytical skills, and gives you a broadened level of cultural knowledge. Whether you pursue a program that offers concentrations or one focused on leadership and global management, an MBA will give you the tools and resources you need to succeed.
MBA Programs in Project Management

MBA in Project Management

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