Why Get an MBA in Construction Project Management?

U.S. cities are seeing record levels of new construction. Infrastructure across the country needs rebuilding and updating. Homeowners and developers are retrofitting structures and commercial buildings to meet sustainability goals and safety guidelines. These conditions have created soaring demand for qualified construction project managers.

Successful construction project managers must have an in-depth understanding of contemporary construction, management techniques and best business practices. Lamar University’s online Master of Business Administration (MBA) in Construction Project Management program provides students with a comprehensive study of all aspects of this thriving field. This advanced study equips students with the dynamic, integrated knowledge and skills needed to excel in construction project management leadership roles.

What Are the Roles and Responsibilities of Construction Project Managers?

Construction project manager roles vary according to the type of project, scale, client involvement, labor force structure and other factors. But, in general, construction project managers are responsible for overseeing all aspects of a construction project from start to finish.

Initially, the construction project manager coordinates with architects, engineers and designers to devise the project’s design. Construction project managers draw up detailed estimates and confer with clients, customers and employers to set a budget and timeline for project completion. Once the parameters are agreed upon, construction project managers make a detailed project plan. They source materials and labor, allocate resources, set timeline benchmarks, review compliance code and local regulations and obtain necessary permits.

In implementing and executing the project plan, construction project managers oversee and delegate tasks to subordinates, teams, employees and subcontractors. They continuously monitor progress, benchmark completion and ensure budgetary constraints are met throughout. They address problems that arise, adjusting operations and plans accordingly. They also update and communicate with all stakeholders throughout the process.

These professionals are also responsible for safety and risk management. They must quickly respond to and address any issues that could negatively impact employees, other stakeholders or the project itself. In general, construction project managers are responsible for ensuring a project is completed on time and budget while fully meeting the client’s expectations.

What Does a Career in Construction Project Management Look Like?

Pursuing this career logically starts with gaining work experience in construction and management. Many professionals advance their careers by obtaining professional certification or earning a degree in construction management or a related field. Employers increasingly prefer or require that high-level job applicants hold specialized degrees like Lamar University’s MBA in construction project management.

Construction project managers tend to work regular, full-time schedules, though they are often on call 24 hours a day in case of urgent situations. They may have a centralized office, but they generally spend much time working from on-site field offices. Construction project managers may also travel nationally and internationally to oversee projects in various locations.

With the construction industry booming, job prospects in the profession are excellent. According to the Bureau of Labor Statistics (BLS), job growth for construction managers is projected at eight percent between 2019 and 2029, which is twice that of the national average for all occupations.

This demand equates to substantial compensation for highly qualified professionals. BLS reports that the median salary of construction managers in 2020 was $97,180. As of May 2021, PayScale reports the average base salary of senior project managers in construction is $113,210 a year. Bonuses, commissions and profit-sharing can add considerably to these figures.

What Are the Benefits of Earning an MBA in the Field?

Courses in Lamar University’s online MBA in construction project management program examine strategic management, decision-making, planning and scheduling, cost estimation, quality control and safety management. With an extensive understanding of these complex facets of construction project management, students graduate thoroughly prepared to carry out their professional responsibilities effectively.

Lamar University’s program also explores current and future developments in the field at length. Students study topics like modern construction ethics, legal practices, international business and sustainable building. This prepares students to navigate the rapidly changing landscape of contemporary, global construction management practices.

An MBA in construction project management can also boost a graduate’s marketability. Earning this credential demonstrates a professional’s commitment to excellence in their work and continued development. Employers, clients, customers and other stakeholders greatly value these attributes.

An advanced business degree in construction management can develop a professional’s expertise and competencies in all aspects of the modern construction industry. The degree’s advantages can be instrumental in helping professionals land construction management jobs and ascend to top-level, senior construction project management positions.

Learn more about Lamar University’s online Master of Business Administration (MBA) in Construction Project Management program.


Sources:

ESub: Construction Software:
8 Construction Project Manager Responsibilities
How to Become a Project Manager in Construction

Indeed: Learn About Being a Construction Project Manager

PayScale: Average Senior Project Manager, Construction Salary

U.S. Bureau of Labor Statistics:
Construction Managers
Project Managers Stay in Charge and Out Front

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