So you’re interested in advancing your career in project management? Great choice! The field is growing rapidly, with a projected 33% increase in jobs from 2020 to 2030. But with so many different paths to take, how do you decide which one is right for you? Two popular options are Project Management Professional (PMP) certification and a master’s degree in project management.

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Let’s compare these two options to help you make the best decision for your goals and circumstances.
Duration of PMP Certification vs MPM
- PMP certification: The PMP certification process typically takes 8-12 months to complete, although it can vary depending on your experience and study habits. You’ll need to meet certain eligibility requirements, including having at least 36 months of project management experience and 35 hours of project management education. Then, you’ll need to pass the PMP exam, which is a four-hour, multiple-choice test.
- Master’s degree in project management: A master’s degree in project management typically takes 1-2 years to complete, depending on whether you enroll in a full-time or part-time program. There are no specific work experience requirements, but most programs do require a bachelor’s degree.
Cost of PMP Certification vs MPM
- PMP certification: The cost of PMP certification varies depending on factors such as the training provider you choose and the exam fees. However, you can expect to spend around $500-$1,500 on training and $350 for the exam.
- Master’s degree in project management: The cost of a master’s degree in project management varies widely depending on the school you choose, whether you attend full-time or part-time, and your residency status. However, you can expect to pay $30,000-$100,000 or more for tuition and fees. Master’s in Project Management is a 24-month, 36-credit program offered by New York University. The total cost of the program is $73,784.
Career Implications of PMP Certification vs MPM
- PMP certification: The PMP certification is widely recognized as the gold standard in project management. It can help you increase your job prospects, get promoted, and command a higher salary. According to PMI, PMP-certified professionals earn an average of 20% more than their non-certified counterparts.
- Master’s degree in project management: A master’s degree in project management can give you a deeper understanding of the field and help you develop specialized skills. It can also help you network with other professionals and open doors to leadership positions. However, it’s important to note that a master’s degree is not always required for project management jobs. On average, a project manager makes $87,726 in the United States every year according to Indeed.com. For more information, see Jobs, Salaries and Career after Masters in Project Management.

Universities offering Masters degree programs in Project Management
Here some Master’s in Project Management that you can pursue:
Master in Project Management at New York University
New York University offers a hybrid Master’s program in project management. Completion of the program requires 36 credits and can typically be achieved within a 24-month timeframe.
What students will learn: The specialized and core curriculum courses offered by the institution prepare students for various facets of professional development. Through these courses, students acquire the skills necessary to navigate corporate culture adeptly, which includes understanding organizational behavior and enterprise architecture to effectively modify decision-making processes, communication strategies, and project workflows. Additionally, students are introduced to techniques for professional conflict resolution, allowing them to refine their interpersonal and leadership abilities to address misunderstandings and cultivate positive group dynamics. Furthermore, the curriculum places emphasis on effective problem-solving strategies, providing students with the tools to overcome challenges within complex environments by navigating limitations and reconciling conflicting stakeholder preferences. Ultimately, the program ensures that students are equipped with the requisite skills and knowledge to excel in dynamic professional settings.
Admission Requirements: Admission prerequisites for the Master’s in Project Management:
- Submission of college/university transcripts.
- Statement of purpose.
- Two letters of recommendation.
- Resume.
- Completion of the Kira Talent Assessment
- GRE or GMAT scores are not required.
Master of Professional Studies in Project Management at Georgetown University
Georgetown University provides a Master of Professional Studies in Project Management program, equipping individuals with the skills to adeptly manage and execute complex projects. Tailored for busy professionals, this 30-credit program offers flexible options, allowing students to attend classes either on campus, online, or through a blend of both, ensuring they can earn their degree without interrupting their careers.
What students will learn: The program emphasizes effective communication practices and leadership skills, empowering students to navigate organizational boundaries, tackle challenges, and achieve corporate objectives. Every project aligns with the organization’s strategy, as students learn crucial techniques for scope control, cost reduction, risk management, and incorporating research findings into the planning process. Through the utilization of simulation software and real-world scenarios, students gain a comprehensive understanding of the project lifecycle, covering essential concepts such as project charters, project management plans, work breakdown structures (WBS), and risk management strategies. Upon completion of the program, students are proficient in team creation and leadership, adept at managing conflicting demands, and capable of overseeing initiatives that drive company success.
Admission Requirements:
Admission criteria for the Master’s in Project Management:- Submission of transcripts from all undergraduate institutions.
- Resume.
- Statement of Purpose.
- Two letters of recommendation.
- GRE or GMAT scores are not required.
Universities offering Graduate Certificate programs in Project Management
Here are some Certificate Programs in Project Management that you can learn:
Project Management Graduate Certificate from Harvard University
Harvard offers a Graduate Certificate in Project Management that can be completed in 1.5 years. Students have to complete 4 courses for 16 credits and the program is offered in online and on-campus formats.
What students will learn: Students will gain a comprehensive understanding of the project management life cycle, enabling them to effectively manage projects from initiation to completion. They will develop essential leadership skills and techniques, fostering collaboration and efficiency within project teams. Additionally, students will acquire insights into how project management aligns with organizational strategy and contributes to business success. Through the utilization of change management practices, they will learn to promote innovation within project environments, adapting to evolving needs and driving sustainable growth.
Admission Requirements: To apply to the Harvard Extension School you must hold a bachelor’s degree and have a good standing with Harvard to get into the program. No GRE scores are required for admission.
Strategy Essentials of Project Management Certificate from the University of Chicago
The University of Chicago offers a 100% Online Project Management certificate. The program can be performed part-time and can be completed in 8 months to 3 years.
What students will learn: Students will develop the capacity to inhabit their role as project leaders by applying quantitative skills to inform decision-making throughout all project stages. They will also cultivate the essential “soft skills” necessary for successful project execution, including effective communication, fostering interpersonal relationships, and problem-solving. Utilizing technology to facilitate communication and stakeholder management will be emphasized. Additionally, students will deepen their understanding of strategic, leadership, human resources, and operational aspects of project management. They will learn to manage stakeholder expectations, mitigate risks at both project and organizational levels, and align project planning with corporate strategy. Furthermore, students will gain proficiency in managing portfolios, navigating priorities, clients, and budgets, and implementing recovery techniques when necessary.
Admission Requirements: Admission criteria for the online certificate program in Project Management are:
- Personal statement
- Fully completed enrollment form
- Current resume or CV
- Confirmation of a bachelor’s degree
Which option is right for you? PMP Certification or MPM
The best option for you depends on your individual goals and circumstances. If you’re looking for a quick and affordable way to boost your career, PMP certification is a great option. If you’re looking for a deeper understanding of the field and want to open doors to leadership positions, a master’s degree may be a better choice.
Ultimately, the decision is up to you. Consider your goals, budget, and timeline to make the best decision for your career.
Additional factors to consider
- Your current level of experience: If you have little or no experience in project management, a master’s degree can help you fill in the gaps in your knowledge and skills.
- Your desired career path: If you want to work in a specific industry or specialize in a particular area of project management, a master’s degree can give you the specialized skills and knowledge you need.
- Your learning style: If you prefer self-directed learning, PMP certification may be a good option. If you prefer a more structured learning environment, a master’s degree may be a better fit.
Bonus Tip: Combining both can be powerful! A PMP validates practical skills, while an Masters of Science in Project Management adds theoretical depth and leadership prowess.
Remember: Research employer preferences. Some prioritize certifications, while others value academic degrees. Align your choice with their expectations.
No matter which option you choose, remember that the most important thing is to continue learning and growing as a project management professional.
