Top 10 Masters in Project Management Scholarships for International Students

What is an MSc in Project Management?

What is a project management degree? Isn’t it a managerial role that one gets with experience?
These are questions we hear a lot of people ask. Here are some quick answers to these questions.
Yes, it is a managerial role, as the name suggests, but organizations have realized that mere experience or seniority does not always guarantee the successful completion of a project.
You need to have a level of dedicated knowledge and expertise to assume responsibility for the management of projects.
A degree in project management will teach you, at the outset, the processes of planning, organizing, and executing projects.
You will learn to define the scope of a project, time management skills to plan and stay on schedule, budgeting, principles of HR to manage your teams, documentation, risk assessment, troubleshooting, leadership, and communication skills to ensure smooth progress in any project across industries.

For instance, you can choose any of the following methodologies to manage a project:

  • Waterfall
  • Six Sigma
  • Lean manufacturing
  • Rational Unified Process
  • Extreme Programming and many more.

Each of these methodologies will give you a path to plan, organize, and execute your project.
You can choose one, or many, or combine a few and decide the one that would be the best suited for your project and your organization.
As a project manager, this would be one of the first decisions you will be taking.
If you are wondering what these words mean, well, it is part of what you will learn in your project management degree.
At the bachelor’s level, coursework typically focuses on skill development including analytical, interpersonal, organizational, and teamwork.
An MS in project management in the UK will teach you advanced skills in communication, risk analysis, strategy, leadership, and quality control.
In some universities, you can even choose to specialize in core areas such as engineering, supply chain management, or construction management.
As a part of your master’s program, you will also gain practical experience by completing research projects, capstone projects, internships, or placements.

Why study Masters in Project Management in the UK?

For international students considering these professional courses for their higher education, the United Kingdom has some of the best business schools that global education has to offer.
It is a global hub for postgraduate courses, offering a captivating combination of academic excellence, state-of-the-art research facilities, opportunities for real-world experiences, and an updated curriculum that meets industry requirements.
Here are some of the reasons why you should study project management masters in the UK.

1. Professional Accreditation

By doing an MS in Project Management in the UK, you get access to courses that are accredited by professional bodies or international organizations to maintain global standards.
These include the Association of Project Management (APM) in the UK or the Project Management Institute (PMI).
These certifications give you a chartered status, making your degree more valuable to your prospective employers. We have discussed PM certifications in detail in the following sections.

2. Top Universities and Expert Faculty

There is no doubt that the UK is home to some of the top-notch universities in the world, offering some of the best project management courses in the UK.
These universities and business schools work in close relations with industry experts and professional bodies to keep up with the ever-changing demands of a dynamic field. The list of top universities for a master’s program in PM is listed in the next section.

3. Increasing Demand for Project Managers

Based on the research conducted by APM, the average annual revenue generated by project management in the UK is around £160 billion.
In 2020, the average salary for PM professionals was £47,500, with an average starting salary of £27,500 with a huge potential for progression (source: APM Salary and Market Trends Survey).
These figures have only increased in the last three years with more projects emphasizing DEI (diverse, equitable, and inclusive) plans.
Business ethics and sustainability are also important factors when organizations are seeking out managers who can keep up with the demands of the current times.

4. Gain Transferable Skills

Besides professional requirements, a degree in PM in the UK will give you several transferable skills that can be applied anywhere throughout your professional career.
You will learn excellent and effective communication, strategizing, risk assessment, critical thinking, decision-making, and problem-solving skills, all of which are essential in any aspect of business.

Eligibility Criteria For Masters in Project Management in the UK

Let us take a look at the entry requirements for project management courses in the UK for international students.

Academic Qualification

You must hold a bachelor’s or bachelor’s honors degree from a recognized university. The cut-off fluctuates between 55 and 75%, depending on university criteria.

Most institutions do not care about the course of study because PM is open to students from all faculties. Some colleges demand an undergraduate degree in a relevant field, such as business management, economics, mathematics, or computer science.

English Language Requirements

As an international student, you must meet English language requirements by taking the IELTS Academic or TOEFL iBT.

The minimum IELTS or TOEFL scores are 6.0–7.0 or 88–105, respectively. The scores should not be more than two years from the date of admission.

Work Experience

A master’s degree in project management is aimed for recent graduates or professionals who are new to the sector. As a result, previous professional expertise is mandatory.

Those with relevant job experience will be accepted for a maximum of 1–3 years. Proof of employment can be shown through your CV and reflected in your statement of purpose and letters of recommendation.

Cost of Studying MS in Project Management in the UK

If you’re wondering, “How much does it cost to pursue a master’s degree in project management in the UK as an international student? Here’s an estimate.

It is crucial to note that the data displayed are averages and approximations intended to provide a basic idea. The real expenses will vary depending on the courses you choose, the universities you attend, and the city where you will live.

Cost                          Amount in Pounds (Approx figures per year)

  • Tuition (Range): £19,000 – £35,000
    Additional Costs
  • Rent (On Campus): £4,000 – £7,000
  • Rent (Off campus, shared living): London – £9,000 Rest of UK – £6,700
  • Food: £1,800 – £2,200
  • Transport: £1,000
  • Health Insurance: £470
  • Utilities: £650 – £800
  • Average Total Living Expenses: £14,400 – £16,800

Scholarships to Study Masters in Project Management Masters in the UK

Financial aid is another essential consideration when it comes to higher education in the United Kingdom.

So, as you prepare for your application, you should also consider scholarship grants or bursaries to aid you with your expenses as you apply to some of the world’s best project management universities.

Scholarships are typically awarded on merit, whereas bursaries are offered based on financial need.
As an international student, it is important to look at four sources of financial aid

  • Scholarships from home government
  • UK government scholarships for international students
  • Department or university scholarships
  • Awards or grants scholarships from external charitable organizations.

That said, here are some you can consider for your master’s in project management in the UK.

  • Agile Business Consortium Scholarships
  • Aziz Foundation Scholarships
  • British Council Scholarships
  • Chevening Scholarships
  • Commonwealth Scholarships
  • Rhodes Scholarship
  • Felix Scholarships
  • Dr Manmohan Singh Scholarships
  • Global Study Awards

Salary and Career Opportunities after Project Management in Courses in the UK

As a project manager, you will plan, manage, execute, and deliver a project. This comprises resource allocation, strategic planning, budgeting, risk assessment, time management, staff allocation, and so on.

Depending on the structure of the business, novices generally begin by working on one project and progress to become project leads for several at the same time.

However, it is inconceivable to envision a corporation without projects and, as a result, project managers, whatever their title may be.

The average salary for juniors or freshmen ranges between £25,000 and £35,000, depending on what industry one works in.

For example, marketing project management typically pays less than IT. With expertise, project managers can make between £40,000 and £80,000.

The typical day rate for freelancers (subject to visa limitations) is between £300 and £500.
Industries hiring project managers:

  • Architecture
  • Construction
  • Engineering
  • IT
  • Manufacturing
  • Retail

Demand for project managers in the UK: Regardless of industry, there is a lot of demand to optimize and deliver projects with the least amount of wastage.
A study found that organizations that invest in project management strategies spend 28 times less money than those that do not

With the rapid technological innovation that is changing the face of project management, businesses are scrambling to hire well-rounded personnel who can increase outputs while minimizing expenses. The infrastructure business alone requires millions of project management personnel in the United Kingdom.

By 2027, organizations will need 87.7 million individuals working in project management roles.

Frequently asked questions about Masters in Project Management Masters in the Uk

What is the best course for project management in the UK?

A master’s degree in Project Management is one of the top choices. Check Top Universities for Masters for more in-depth answers.

Is project management a good course in the UK?

Yes, there is an urgent need for project managers, with an employment rate of more than 95%.

Furthermore, it is a master’s degree that you can get in one year.

What is the cost of a project management course in the UK?

You should plan to spend anywhere from £14,400 to £16,800.

Is project management in demand in the UK?

Yes. By 2027, companies will need 87.7 million project management professionals.

What job can I get after completing my Master’s in project management in the UK?

Graduates are hired in a broad spectrum of industries, including manufacturing and service companies, management of supply chains, purchasing, logistics, healthcare, retail, information technology, and government organizations.

What qualifications do I need to study master’s in project management?

Unlike medicine and engineering, there is no law that specifies which qualifications are required.

However, recruiters may seek for bachelor’s or master’s degrees and PMP/PRINCE2 certifications, as well as relevant professional experience.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like