The Project Management Institute (PMI) recently published a job growth report detailing the talent shortage forecast to hit management-oriented occupations from now through 2027. By the end of that period, PMI anticipates that employers will need over 87 million people globally working in project management-oriented roles. This is due to both attrition in the field and a significant increase in the demand for project talent—all fuelling a projected 33 percent job growth in project management, equalling around 22 million new jobs.
All of those project managers, of course, must be overseen by program managers (PMs). These professionals supervise multiple project management teams as they work toward their project goals in support of the organization’s intended outcomes. Project managers also design the project planning including scheduling, arrange for the procurement of materials and team members, budget time and money, facilitate communication with all stakeholders, and mitigate project risk for the life of the program. These positions rely heavily on the PM’s leadership skills and working knowledge of information technology to guide complex projects and initiatives to completion.
Job market analytics firm Burning Glass anticipates that the program manager field will grow by 8 percent over the next decade—which tracks with US Bureau of Labor Statistics (BLS) projections that all management occupations will increase by 9 percent between 2020 and 2030. So, the program management field is ripe with opportunities for proficient professionals well into the future.
Program managers work in almost every business sector, particularly those reliant on data and information management. According to the BLS, the industries with the highest wages for PM roles are computer systems design (approximately $115,000 per year), architecture and engineering ($105,000), management, scientific, and technical consulting ($102,000), oil and gas ($152,000), and securities, commodities, financial, and other investment pools and funds ($129,000 to $138,000).
If you’re wondering if you need an advanced degree to be a PM, this article addresses the question what degree do I need to be a program manager, as well as:
Program managers utilize skills rooted in a variety of fields, including information technology, business administration, project planning, risk management, and human resources to make informed business decisions and fulfill organizational goals. These are related to the fundamentals of a Master of Science in Information Management (MSIM) degree program, which teaches you how to organize and analyze information, recognize and resolve information issues, translate datasets into actionable information, and leverage data to forecast future trends. In addition, an MSIM degree provides you with the essential analytic, critical thinking, communications skills, and interpersonal management skills necessary to effectively lead complex programs and meet desired goals. (As well, some professionals earn additional credentials, such as program and project management certificates to further specialize.)
I.T. encompasses a vast spectrum of systems and applications. They include common networks most of us use every day, such as telephone and point-of-sale systems. At the other end of the spectrum are comparatively obscure, poorly understood systems like blockchain, used in cryptocurrencies and other transactions. In between lie background systems such as databases and inventory management, crucial to businesses, corporations, and government agencies. (
The U.S. Bureau of Labor Statistics (BLS) reports that the computer and information technology job market should grow by 15 percent between 2021 and 2031, creating more than 682,000 new jobs. Earning a Master of Science in Information Technology builds skill sets in critical areas that include cloud computing, algorithms, big data, business intelligence, cybersecurity, data science, machine learning, and IT management, among others. ( )
|University and Program Name
A Master of Science in Information Management is a professional master’s degree focused on data-driven strategic business planning and leadership skills. This master’s program provides general project management courses along with foundational knowledge of technology and the impact of information systems on business decision-making. It’s designed for early and mid-career professionals who seek to enhance their knowledge and optimize their understanding of information systems and develop their organizational management skills.
In addition, UW provides six specialization tracks in:
Specialization coursework for the program/product management and consulting track include:
Recommended elective course options for this specialization are:
UW also requires a capstone project overseen by PMP (Project Management Professional) certified faculty in line with the student’s career path.
Of note, the University of Washington and other MSIM programs also train students to consider the ethical, social, and environmental implications of their decisions and strategies, encouraging social responsibility in business and manufacturing.
Admissions criteria and prerequisites are all program-specific, so make sure to check on each school’s website or speak to the admissions team about enrollment details, (as well as financial aid information). At the University of Washington, applicants must have a bachelor’s degree from a US institution with proper accreditation and a GPA of at least 3.0. All mid-career applicants must have at least five years of work experience (early career applicants who are less experienced need to supply GRE/GMAT scores).
You can earn an MSIM in full-time, hybrid, or online programs from the following schools:
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