MBA in Construction Management Distance Education - Careers, Salary, Jobs, Scope

Brief Summary

All about MBA in Construction Management

Construction Management is a specialized program that teaches the student all the necessary skills that are required for designing and completion of a specific project. Construction management includes overall planning and overseeing a construction project, coordination and control from start to the finish.

An MBA in Construction Management teaches you the required skill important in an efficient construction manager would be to understand client needs comprehensively and then design and execute financially viable and functional construction projects.

As a management graduate the most common projects that will come your way, will be executing multiplexes or commercial building sites; you will be responsible in any capacity at one of the following tiers: – developing, building, conserving and sustaining built environments.

Construction management includes civil, environmental, residential, commercial and industrial aspects of construction. Other responsibilities that come with construction management and the prospective construction manager will be-

• Expected to shoulder include time management
• Project safety
• Cost and quality management
• Decision making
• Human resources
• Work blueprint reading

Due to a large demand for Construction Management, there are a lot of institutes that offer MBA and/ or PGDM in the field of construction management, both in the full- time and distance/ correspondence mode. In this article, we will be talking about the Distance MBA in Construction Management.

Popular Colleges offering Distance MBA in Construction Management

A number of institutes all across the country offer a Distance MBA in Construction Management. Following is a list of the top institutes offering this course:-

Salary

As per payscale, the average salaries offered to CM professionals on the basis of their work experience are tabulated as follows: –

*Note– The salary packages are highly dependent on the skill set of the candidate the college from which he/ she has pursued the degree.

Below is a tabulation of the salaries of various job profiles in the Construction Management sector: –

Recruiters

Principal Areas of Work

The principal areas of work of a Construction Management professional include: –

• Production & Operation Management
• Research Methodology for Management Decision
• Contract Management and Legal Aspects of Infrastructure Projects
• An Overview of Infrastructure Projects
• Environmental Policies & Issues
• Financial Management for Infrastructure Projects
• Regulatory Issues and Environmental Issues in Urban Governance and IT Infrastructure Management
• Environmental Impact of Growing Energy Need
• Project Work

Top Recruiting companies

• Hyundai Motor Company
• Larsen and Toubro
• RITES Ltd.
• Shapoorji Pallonji and Co. Ltd
• Tata Projects Ltd.

Fee Structure

An MBA or PGD in Construction Management can cost anywhere between Rs. 30,000 to Rs. 2,00,000, depending upon the institute and whether the course is a degree or diploma.

Following is the fee structure of some of the most popular distance Education institutes in the country:-

Syllabus

Following is a list of common subject topics covered during a course in construction management: –

• Management Theory Principals and Practice Economic
• Financial and Cost Accounting
• Project Planning, Appraisal and Execution
• Management Of Safety and Health
• Risk Management In Project and Business
• Personnel Management and Industrial Law
• Estimation and Quantity Surveying
• Construction Methods and Technology
• New Technologies and Materials
• Survey and Research Methods

Requirements for Distance MBA in Construction Management

The basic requirements for an admission into the Distance MBA in Construction Management include:-

• The candidate should have cleared 10+2 from a recognised board
• He/She should have graduated from a recognised college/ university with a minimum of 50% marks (45% for Reserved categories) in any discipline

NOTE: – Some institutes do not have a minimum requirement for admission into their MBA programs, hence the candidates who have just passed can also apply to these colleges

Scope after MBA in Construction Management

At the present time, there is a considerable shortfall of trained personnel in the construction and infrastructure sector, especially at the present crucial moment when the country is rearing up to participate and make its standing in global economics.

Holistically trained and capable individuals who can work upon social, economic, environmental and physical resources at hand to ensure maximum viability and profits are the need of the hour in the construction industry.

According to Associated General Contractors of America’s ‘Hire Again: The 2015 Construction Hiring and Business Outlook’ survey, 62% of 900 construction firms reported high demand for professionals like project managers, supervisors and estimators.

It was also reported in the survey that 80% of the construction firms planned to expand payrolls in coming years. Hence, it is needless to say that all job profiles in CM are in high demand.

In conclusion, a distance MBA in Construction Management is an excellent career choice for someone who is interested in this field. The course is affordable and has a wide scope with respect to placements.