The Global Demand for Project Managers
The demand for skilled project managers is rapidly growing, creating a significant “talent gap.” As industries expand, companies struggle to find enough professionals with the right project management expertise. This shortage is already impacting project efficiency, leading to delays and cost overruns. According to the Project Management Institute (PMI), without enough skilled project managers, organizations face serious risks in keeping projects on track.
For students pursuing a BSBA with a concentration in Project Management, this presents a great opportunity. Touro University Worldwide’s 100% online program prepares students for roles such as:
- Project management coordinator
- Project management specialist
- Project execution and management
- Team coordination expert
The U.S. Bureau of Labor Statistics projects about 77,000 project management specialist positions will open annually from 2023 to 2033 in the United States, driven by growing demand and retirements. With a rising need for project managers, now is the perfect time to enter the field, and a BSBA with a project management concentration sets you up for success
Growing Demand for Project Managers
The demand for project managers is skyrocketing. More jobs require project management expertise as companies focus on efficiency, innovation, and meeting deadlines. Regions like South Asia and China, experiencing rapid economic growth, are especially in need of skilled professionals. At the same time, many experienced project managers are retiring, further increasing the demand for fresh talent to fill the gap.
This trend continues to gain momentum. Construction, IT, and finance are growing fast. This creates more opportunities for project managers to lead critical projects. As organizations adopt project-focused strategies, project managers play a vital role in driving success. They help businesses stay competitive, organized, and achieve their goals.
25 Million New Jobs Worldwide by 2030
To meet this growing demand, the PMI reports in their Talent Gap Report that it is projected that 25 million new project professionals will be needed by 2030. That’s approximately 2.3 million new job openings every year. This isn’t just about the volume of positions available; the talent gap could potentially impact global GDP by as much as $345.5 billion if left unaddressed. Countries like China, India, and the United States are experiencing the largest growth in project management roles, but opportunities are expanding worldwide.
A project management degree, paired with PMP certification, gives you the tools and expertise to excel in the field. The PMP is recognized worldwide. This opens doors to opportunities in various industries and countries, far beyond just the U.S. With the demand for skilled project managers on the rise, now is the ideal time to enhance your skills and position yourself for success. By earning these credentials, you’ll be ready to take on leadership roles. Preparing you to navigate the growing challenges in project management.
Why The Big Demand for Project Managers
The demand for project managers is growing fast, as more businesses recognize the importance of using solid project management strategies to complete tasks on time and within budget. Companies are no longer limiting these skills to traditional project management roles. They want employees in various departments to have project management training, even in part-time positions. This shift has created more opportunities for professionals with these skills.
Focusing on project management can open doors to many career paths in today’s global market. The ability to lead projects effectively is becoming a key skill across multiple sectors. Earning a degree with a concentration in project management sets you up for long-term success, providing you with the tools and expertise needed to thrive in this expanding field. Whether you’re looking to enter the business world or advance in your current career, project management is a smart focus for future growth.
