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Comparison between MBA and PMP certification

Education PMP Certification PMP training

MBA is a generalized degree course that gives an overview of the various aspects of a business. Whereas PMP is a specialized certification course that mainly focuses on project management.

They differ in various aspects:

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  • Cost and time

 

The expenses in obtaining an MBA degree is huge. Most families have difficulty in procuring that kind of money. People often opt for loans or invest their life savings. But, the money spent on obtaining a PMP certification is rather low when compared to an MBA degree. The money required is affordable and does not require you to sell all your assets.

 

You can obtain the PMP certification by giving a single exam but it requires 35 hours of professional training and 7500 hours of experience over a span of 3 years. MBA is a 2-year degree course with exams taken at semesters.

 

  • Nature

 

In today’s world, obtaining an MBA degree has become relatively easy. The mere abundance of so many MBA holders greatly decreases the value of the position in the industries. The subjects that MBA covers vary greatly from that of a PMP degree. The positions that an MBA holder can apply for are greatly generalized. It mainly focuses on managerial skills.

 

PMP degree is greatly desired in the upcoming era. The relatively new concept of obtaining PMP training for the course has created a wide berth in the market for PMP jobs. The degree especially focuses on the specific needs of the industry. It particularly gives a knowledgeable insight into the most functional aspect of an industry. It perfectly blends the managerial skills with technical prowess.

 

  • Validity

 

An MBA degree is validated by numerous colleges and universities. Whereas, PMP certification degrees are awarded by the Project Management Institute (PMI).

 

Keeping the tumultuous economy in mind, it has become wildly evident that the upcoming industries are more in need of PMP holders than those with an MBA degree. PMP certification degree definitely increases your chance of obtaining a job as it has a higher value in the job market.