Interested students can earn a Master of Business Administration (MBA) in Construction Management or Construction Project Management online or on-campus. These degree programs prepare students to manage construction projects and oversee the business side of these endeavors. Explore the degree program and some of its requirements below.
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Information on MBA Degrees in Construction Management
MBA programs in construction management can usually be completed in 12 to 16 months and may culminate with a capstone course. These degree programs typically consist of core business courses and concentration-specific courses in construction management. We examine some of the common courses for these programs in more detail below.
Courses in construction estimating equip students with the necessary skills to estimate the various costs of a construction project. Students in these courses learn how to factor in variables, such as equipment, labor and material costs, into the project's total cost estimate. These courses may also examine topics in depreciation, job cost accounting systems, computer-based estimating, international work implications, project delivery implications and other cost analysis methods.
Legal Aspects in Construction
Students in these programs typically take a course in the legal aspects of construction to learn about the different kinds of contracts and specifications in the industry. These courses generally include a legal and business perspective while examining contract procedures, owner responsibilities and labor laws. Other specific topics may include aspects of contracts, like insurance, bidding, claims, payment, disputes, substitution and the termination of contracts.
Construction Planning and Scheduling
These courses provide students with the foundational concepts in project management for the construction industry. Students learn about work breakdown structure and scheduling logic. These courses also discuss strategic planning, how to analyze projects, project control, resource allocation and more.
Students in these programs usually have to take a course in financial management as a part of the core MBA course requirements. These courses take a broad approach to the subject and can be applied to many fields of business, including construction management. Students in these courses study the theories and methods behind effective financial management and may discuss specific topics in capital budgeting, dividend policy, working capital, investments and liability.
Courses in marketing management are also usually offered as a core requirement for an MBA and discuss a broad overview of marketing concepts. Students discuss marketing theories and may examine marketing strategies for national and multinational firms. These courses also develop students' decision-making skills in marketing that will help keep their organizations competitive, but also work to provide customer satisfaction.
Common Entrance Requirements
Students wishing to apply to MBA programs in construction management must hold a bachelor's degree. Some of the specific admissions requirements may vary depending on whether the degree is in business or not. For example, before entering the program, students usually need to have coursework in accounting, statistics and other business courses, which can be achieved as a business undergraduate or taken in pre-MBA programs. Applicants typically need to submit their GMAT scores and programs may have specific minimum score requirements for the test. Some schools may also have a minimum GPA requirement for all of their applicants, and students with higher GPAs may be able to get a GMAT waiver.
Students can earn an MBA in Construction Management online or on-campus to prepare for leadership positions in the field. These programs cover a range of business- and construction-related topics and can be completed in about a year.