Project Management (M.S.)
Our STEM-designated master’s degree builds your technical, leadership, and business skills for career success as a project manager.
Project management is a dynamic and rapidly growing field, as more and more businesses, governments, and organizations of all sizes implement new, complex technologies and initiatives. Demand continues to increase significantly for trained professionals who have the skills required to successfully manage those projects.
The Master of Science in Project Management at Illinois Tech’s Stuart School of Business prepares you to launch and advance your career in this challenging and rewarding field.
Our curriculum is designed to encompass the leading industry standards, so you will develop a comprehensive skill set that combines technical and leadership skills with strategic and business management acumen. The program prepares you to apply for globally recognized certifications from the Project Management Institute (PMI), such as Certified Associate in Project Management (CAPM) and Project Management Professional (PMP).
At Stuart you’ll learn the latest project management ideas, skills, and technologies from industry-experienced faculty who teach with an applied approach and bring their career knowledge and understanding of the marketplace into the classroom. And you’ll benefit from a legacy of curricular innovation that seamlessly bridges business and technology, spanning more than 125 years of management and business education at Illinois Tech.
Through Illinois Tech’s one-of-a-kind Elevate program, you are guaranteed access to hands-on experiences throughout your graduate years, such as virtual and in-person internships, real-world projects, and more. You’ll also receive personalized mentorship to guide your academic studies and career planning.
Chicago is a global business and financial center with one of the most diverse regional economies in the nation, encompassing industries ranging from health care to manufacturing to banking. Stuart’s strong industry connections open up opportunities for employment and for you to network with Stuart alumni and other accomplished professionals.
Convenience for Busy Professionals
- Enroll full-time or part-time
- Evening classes at our downtown Chicago location near Union Station and Ogilvie Transportation Center
This is a STEM-designated program, and international graduates of the program are eligible to apply for an extension for Optional Practical Training, which allows selected students to stay and work in the United States for up to three years after graduation.
The M.S. in Project Management program prepares you for a career as a project management professional, with the skills, expertise, and industry certifications to step into pivotal management roles that are critical in driving change, increasing productivity, and delivering innovation at all types of businesses, organizations, and government entities.
The demand for professionals in project management roles is rapidly increasing around the world, according to a study released by the Project Management Institute. Project management is key to implementing new technologies across industries, with some of the fastest growth in employment for project managers occurring in sectors such as software development, health care, manufacturing, information services, finance, and insurance.
In the United States, the U.S. Bureau of Labor Statistics reports an overall median annual wage of $95,370 for project management specialists in 2022 and projects that employment in project management will grow six percent from 2022 to 2032.
Stuart faculty developed the M.S. in Project Management curriculum in collaboration with the program’s advisory council, who are practitioners, Project Management Institute affiliates, and major employers. The program’s curriculum focuses on mastering the ideal skill set outlined by the PMI, which includes high-level skills in technical project management, leadership, and strategic and business management. Elective courses allow you to customize your degree to match your interests and career goals.
This program requires successful completion of at least 33 credit hours (11 courses).
- Full-time students are expected to enroll for at least three courses per semester and can complete their degree in two years or less.
- Part-time students can enroll for as few as one course per semester.
- The program schedule has options for students to accelerate their studies. For example, full-time students may be eligible to graduate in 12-16 months by beginning their studies in the summer of year one and completing their program in the summer of year two.
Required; 24 credit hours (eight courses; three credits each)
PM 501—Foundations of Project Management
PM 502—Project Scope and Quality Management
This seminar focuses on the identification, elaboration, planning and management of project scope, including selected processes from the Project Integration Management and Project Scope Management Knowledge Areas. The class addresses requirements identification and analysis, scope identification and planning, the scope baseline, scope management and change control, integration of scope, schedule and cost, scope verification and sign-off by the customer. During the course “best practices” will be introduced, and put into context through various exercises and scenarios and case studies.
The Project Quality Management section of the course will introduce students to the process and theory of quality management. Process and theory of total quality management with primary emphasis on the total quality approach, ethics and corporate responsibility, strategic alliances, quality culture, employee empowerment, leadership and change, team building, effective communication, and tools and techniques. Students understand how continual improvement of people, processes, products/services, and environments can enhance the process and outcomes of project management. Students have the opportunity to develop practical total quality management skills as they apply theory and practice to real-world cases.
PM 503—Project Scheduling and Cost Planning
PM 504—Project Risk Management
Risk management is the process of identifying, assessing and controlling financial, legal, strategic and security risks to an organization’s capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters. If an unforeseen event catches your organization unaware, the impact could be minor, such as a small impact on your overhead costs. In a worst-case scenario, though, it could be catastrophic and have serious ramifications, such as a significant financial burden or even the closure of your business. To reduce risk, an organization needs to apply resources to minimize, monitor and control the impact of negative events while maximizing positive events. A consistent, systemic and integrated approach to risk management can help determine how best to identify, manage and mitigate significant risks.
PM 505—Financial Management and Procurement
This course covers all aspects of financing projects and setting up a procurement system. Topics include project finance, project agreements, project finance markets, financial models, supply chain issues and procurement systems. Learn how to manage projects efficiently and effectively.
PM 506—Agile Project Management
Agile project management is an iterative approach to managing projects and teams that focuses on incremental changes to a project throughout its life cycle. Rather than a pre-planned course of action, Agile project management outlines adaptable tasks that are flexible based on the needs of the project and evolving circumstances. It is a popular methodology for tracking various roles, responsibilities, deadlines and other factors of a project. When used properly, Agile can save organizations a great deal of time, frustration and money.
PM 507—Project Management Capstone
This course teaches students various leadership concepts such as leadership behaviors and styles, and several critical project leadership skills like communication, negotiation, conflict resolution, decision making, problem solving, coaching and mentoring. The course covers both the theory and practice of leadership as it applies to project management.
BUS 510—Strategic Management
Choose any three courses (three credits each)
ITMM 571—Project Management for Information Technology Management
ITMM 574—Information Technology Management Frameworks
ITMM 587—Product Management
ITMM 537—Vendor Management and Service Level Agreements
ITMS 578—Cyber Security Management
MAX 502—Analytics for Decision Making
MAX 507—Visual Analytics - Data Analytics and Visualization
MBA 532—Artificial Intelligence
MBA 523—Negotiations and Strategic Decision Making
MBA 511—Marketing Strategy
- Completed online application
- Official transcript submission with a minimum cumulative undergraduate grade-point average of 3.0 on a 4.0 scale
- No GMAT or GRE scores required
- Experience is desirable, but not essential
- English proficiency exam, if required
Domestic students pursuing the M.S. in Project Management degree are eligible to apply for the Chicago Talent Pipeline Scholarship, which supports motivated individuals to advance their career paths as project management professionals. This scholarship awards up to $14,000 per degree.
International students pursuing the M.S. in Project Management degree are eligible to apply for the Stuart School of Business Dean’s Scholarship, which awards up to $14,000 for the full two-year program.
Read more about Stuart scholarship opportunities and tuition and fees:
Earn Globally Recognized Certifications
The M.S. in Project Management program prepares you to apply for globally-recognized certifications from the Project Management Institute. PMI certification proves that you have the ability to lead projects for any organization and in any industry.
- Certified Associate in Project Management (CAPM)—Designed for professionals with three years of experience or less, the CAPM distinguishes your skill set as a project manager and is a crucial stepping-stone on your path to career advancement.
- Project Management Professional (PMP)—This recognition demonstrates that you are an experienced project management professional who has the educational background and demonstrated skills in leadership and using predictive, agile, and hybrid approaches to determine the best methods for each project.
Stuart Stands Out
Stuart is AACSB Accredited. Only 6% of Business Schools Globally Are.
—Association to Advance Collegiate Schools of Business International
Career Placement Rate
—Stuart School of Business 2022 master’s and Ph.D. graduates reporting
Only Business School in a Tech-Focused University in Chicago
Move Your Career Forward
A global network of accomplished Illinois Tech alumni is available to engage with and support our students.
For More Information
Do you have questions about Stuart School of Business degree programs or the application and enrollment process? Connect with our Director of Recruitment and Enrollment Strategy Brian Albertsen.