There’s quite a big debate around the value of completing a Masters in project management, so it’s no surprise that you’re currently asking yourself the same question. Like most decisions, valid arguments can be made for both sides of the coin.
To cut through that confusion, we’ve created pros and cons that will, hopefully, help you better answer that ultimate question – should you get a Master of Project Management?
Let’s start with the positives.
Employable AND promotable
It’s undeniable; having a Masters degree in project management is an impressive addition to your resume. When applying for a job, you can get lost in a sea of equally talented, impressive and skilled candidates, so a postgraduate qualification helps you stand out.
As well as improving potential employability, a Masters can boost you to the top of the list for that coveted promotion. This is particularly advantageous for those who already work within the industry and want to better their chances in what can be quite a challenging career ladder to climb.
A Masters is quickly becoming an expectation for candidates. Sometimes it’s listed in a job description as a hard-and-fast requirement, other times it’s an easy way for recruiters to identify candidates that will have an advanced level of knowledge.
Either way, you can count on it being a standard that most headhunters in the industry keep their eyes out for.
More skills (and more confidence)
The whole point of a Masters degree is to help you boost your arsenal of skills. While fine-tuning and improving your industry knowledge, abilities and employability, you also simultaneously gain a greater confidence in your abilities.
With a Master of Project Management under your belt, you can enter the workforce or apply for that promotion feeling empowered by your newfound skills.
It’s not all rainbows and sunshine; here are the cons.
Practical experience wins over theory
There is the classic argument about time spent studying versus time spent gaining experience. It’s true that practical, hands-on experience is incredibly important. However, it doesn’t necessarily negate the importance of the theoretical knowledge gained through studies.
One size does not always fit all
Not all Masters courses are created equal, and as such the benefits of completing one can vary. For this reason, it’s essential to put your research in and make sure you choose the right institute to complete your studies.
Takes time and money
Like most things worth accomplishing, a Master of Project Management isn’t going to necessarily be a walk in the park. It will take energy, hard work and, of course, time. On top of all that, there are the financial aspects to consider.
So is this level of energy expenditure worth it for the potential pros that it can bring to your career in project management? Ultimately, only you can say. But with the skills and confidence that an online Master of Project Management can equip you with, the boost it can give to your resume, and the doors it can potentially open, it does seem to be a pretty easy decision to make.