The construction industry contributes approximately 8% to our country’s GDP (Gross Domestic Product). It is all set to become the third-largest construction sector in the world. All the persistent challenges, if handled diligently, can catalyse this growth relatively fast. The challenges include delayed bureaucratic clearance, sustainability concerns, and a lack of skilled professionals. While PPP (Public-Private Partnership) models have relatively reduced the role of bureaucracy, fifth-generation technologies have taken the initiative to solve the issue of environmental concerns. Various diplomas, certifications, and specialised construction project management courses are bridging the third and final challenge of lacking skilled professionals.
Among the different reasons for choosing a Masters Degree In Construction Management (CPM), getting high-paying jobs is one of the prime reasons fresh graduates and working professionals opt for an MBA compared to other project management courses in India.
This blog explores the top five high-paying jobs after an MBA in Construction Project Management.
As there is a demand and supply gap in the availability of skilled and expert professionals in the construction industry, the job roles after completing dedicated project management courses in construction give high financial returns. The top-five of such roles are enumerated below:
This is one of the highest-paying jobs involving developing comprehensive project plans. These elaborate plans include timelines, resource allocation, and procurement strategies. This job role entails handling and overlooking the entire construction project. A construction project manager supervises all decisions, including investment, initiation, planning, coordination, and execution.
The most crucial step of the construction project is to design its details. Once the graduates are fully equipped with detailed work knowledge of building a construction project, they are ready to handle complex and creative roles such as design manager. A design manager is a design coordinator who oversees design-related matters on construction projects. Their role is of great importance as they ensure that the multi-disciplinary teams involved in the construction process work smoothly, efficiently and within stipulated time.
A cost manager plays a vital role in the construction industry. She is responsible for ensuring that projects are completed within a specified budget. A cost manager tracks project expenditures against the approved budget, identifies cost variances, investigates their causes, and implements cost-saving measures. Additionally, the manager provides regular cost reports for all the stakeholders involved. The management of cash flows and payment schedules is integral to a construction project because money is involved, which automatically makes it a high-paying job.
The role of a valuation advisor in a construction project justifies a high pay scale in this job profile. Graduates can expect to become valuation advisors after taking MBA courses in Construction Project Management. Valuation advisors play an essential role in a construction project. They ensure that the project is progressing accurately and at the right pace. Valuations are necessary for making logical and informed decisions, client satisfaction, and significant investment decisions.
The main reason for enrolling in specialised project management courses is to qualify for essential and well-paying job positions in the industry. Another such position is that of an investment consultant who provides expert guidance throughout all stages of the engineering and construction project life cycle. This includes front-end planning (business plan development, conceptual scope development, and front-end engineering design - FEED), execution (detailed engineering, procurement, and construction - EPC), and project closeout (pre-commissioning, commissioning, and startup).
Getting a high reward demands a high investment, too. To get recruited for the above-mentioned five roles, individuals need to invest in a reputed institution and a specific industry-oriented course. RICS SBE, Amity University, a dual-accredited institution with global recognition, presents an opportunity to land the best-paying job after an MBA in Construction Project Management. Choosing a trusted institution means the course would be up-to-date and include all the training required to land a respectable and high-paying job.
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