This course is a multi-disciplinary course with a focus on techniques, tools, risk aspects, methods, and management. It also focuses on statutory requirements, development aspects, business environment, infrastructure, valuation, marketing, legal framework and funds and finance amongst others.
The importance of this course is that it offers you the experience of working in the project and construction management field, where you use your knowledge of the core subjects. These core subjects are Marketing and Finance analysis. You will also have a good knowledge of cost management, problem-solving skills, leadership, and time management.
This degree is a very prestigious degree which grooms a student to manage, lead and execute projects effectively. The project and construction management field has witnessed good growth and is a thriving sector, therefore the job prospects seem to be very promising here.
The construction industry is very important and is regarded as the backbone of a country since it helps the economy by creating investment opportunities.
In this blog we will give you a brief overview of what this course offers. We will mention its’ scope both in India and overseas, job prospects, roles and responsibilities with indicative salaries.
This is a popular field attracting candidates with similar skill sets that are needed here. The jobs in this field are good-paying jobs. The lowest-paid construction managers overseas make close to $50,000 while the top positions nearly 10 % attract $144,500 +
India is still in the starting phase and has immense potential. Large construction companies hire their own team. Construction majors like PWD, L&T, Gammon India Ltd, Indian Railways, CPWD offer employment both in India and those having contracts overseas can offer employment overseas too. Most of the students after successful completion of this course can start their own firms.
The job opportunities that exist are in:
Countries like USA, Canada, Australia, UK, New Zealand, France, Ireland Germany and many others offer good education through good colleges.
The following 10 countries have reported the highest median annual salaries:
In Europe and North America, the country is shifting to vertical growth and smart management. Construction management overseas is shifting to smart initiatives
New Developments in this industry include automation, virtual reality, adoption of prefabrication, 3D printing, sensors, drones, robots to be used for repetitive or dangerous processes, and processing of large volumes of data to help decision making for the present and the future. The industry is moving towards digitalization
After completion of this prestigious course, the students are entitled to take up jobs in reputed construction companies and other companies too. The various job opportunities are:
They collaborate with electrical engineers, structural engineers, architects, finance experts, sustainability experts, and so on.
They can work in the areas of:
With the construction industry evolving both in India and overseas, career opportunities and job roles are promising. We have outlined below a few key roles with their job responsibilities and their indicative salary packages.
They are in charge of designing major projects that involve transportation. They are involved right from the conception to the implementation stage. They are in charge of conceiving ideas, designing, building, supervising, operating, constructing and maintain infrastructure projects and systems. These projects and systems could be both in the public and private sectors. These include roads, airports, buildings, tunnels, buildings, dams, bridges, sewage treatment, and water supply.
Avg. Base Salary (INR) is ₹308,251/ year
Source: https://www.payscale.com/research/IN/Job=Civil_Engineer/Salary
They supervise a team of engineers for implementing the design and development of products. They oversee projects, look after new development and solve problems. They are in charge of the planning, directing, organizing, and coordinating of the engineering and technical operations of the company.
They interpret plans, drawings, give advice, on the construction and production requirements.
They ensure that the high engineering standards of cost, quality, and safety are complied with.
They oversee the maintenance requirements, contribute to the R&D, decide project schedules, allocate budgets, keep projects and the engineering team on track.
Avg. Base Salary (INR)₹2,055,787 / year
Source: https://www.payscale.com/research/IN/Job=Engineering_Manager/Salary
An architect leads and develops projects for its concept to design and development. They prepare drawings, constriction documents and specifications. They design and do the necessary documentation for commercial, residential as well as industrial building projects. They also consult with clients and liaison with interior decorators and other professionals involved in the execution of projects.
₹23,257per month
The average salary for an architect is ₹ 23,257 per month in India.
Source: https://in.indeed.com/career/architect/salaries
They are responsible for controlling the team throughout the projects. They ensure that the project deliverables are adhered to. They set the expectations of the team members. They play a key role in the ensuring that the team is motivated and timely deliverables are executed.
₹ 2,095,238 /year Avg. Base salary
Source: payscale.com
The roles and responsibilities of the project managers in construction are to ensure that the customer is satisfied and the scope of work is adhered to. The project manager ensures that that project is completed in a timely manner with good quality within the allocated budget. They lead the team in planning, organizing, and controlling the objectives of the construction project.
₹985, 746 / year Avg. Base Salary
Source: payscale.com
₹819,775/ year Avg. Base Salary
Source: payscale.com
An assistant project manager construction follows and reports the progress of the project to the project manager. They are responsible for coordinating with employees, clients and vendors for the project expectations and deliverables.
They also look after the monitoring and reporting of the project budget and its spending. They evaluate any challenges that come in during the project and see how they can utilize the resources at hand in solving those challenges and problems.
₹672,449/year Avg. Base salary
Source: payscale.com
If an MBA in Project and Construction Management excites you, then we invite you to explore the excellence in education that MIT ADT University offers.
With its dedicated resources, competent faculty members, state-of-the-art infrastructure, and commendable placement record, students passing out of this institute are groomed for availing the best that this field offers.
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