Skip to main content

Master's Degree in Product Management

from the University of Maryland
  • $25,000
  • 10 courses
  • Fully Online
  • 15 Months

Master's Overview

Lead the Future of Products in the Age of Digital Transformation and Artificial Intelligence

Product management stands at a transformative crossroads, shaped by rapid technological advancements and evolving market dynamics. According to Gartner's recent findings, by 2023, 40% of large enterprises will shift to a product-centric model, propelling innovation and fortifying their competitive edge. This burgeoning interest is evident as Fortune 100 companies have reported a 41% rise in Chief Product Officer roles over just three years. Furthermore, platforms like LinkedIn showcase an impressive landscape with over 2,000 CPO listings and 170,000 opportunities for product managers[1]

This growth trajectory is influenced by several key trends:

  • The Imperative of Digital Transformation: As the lines between physical and digital blur, software's role in product and service delivery has become paramount. Unlike tangible assets in industrial engineering, software-centric projects are perpetually evolving entities, demanding a paradigm shift from transient projects to enduring product teams. Giants like Apple, Alphabet, Meta, and Netflix have pioneered this approach, eliminating the risks of knowledge loss during handoffs and endorsing product life cycles that embrace iterative enhancement and support.
  • Tech-Powered Business Models: In an age where AI-driven searches, internet ubiquity, and crowdsourced reviews have democratized information access, the power dynamics have shifted to the consumer. The newfound ease of comparing products and services has spawned a fiercely competitive landscape. Organizations are now in a relentless race against time, vying to outpace technological advancements and ever-evolving customer preferences.

The University of Maryland's Master of Professional Studies (MPS) in Product Management is meticulously crafted to meet these shifts head-on. Our program offers a balanced mix of foundational theories and hands-on practices, preparing students to emerge as frontrunners in this digital age.

Embark on a journey with the University of Maryland to be at the forefront of product evolution, championing digital transformation, and harnessing the prowess of artificial intelligence.

[1] Product Management and Project Management: Alignment and Differences (pmi.org)

Job Outlook

  • #3 Best Jobs in America (Glassdoor)
  • 29% Annual Growth in Job Openings (LinkedIn)
  • 128,000 Jobs Posted for Product Managers (Glassdoor)
  • $90,000 Average Salary in the U.S. (Payscale.com)

Learn More About the Master's Degree in Product Management

  • #10
    Best Colleges for Entrepreneurship
    Princeton Review, 2022
  • #20
    Top Public Colleges and Universities
    U.S. News & World Report, 2022
  • #21
    Best Graduate Engineering Schools
    U.S. News & World Report, 2023
  • 30
    Faculty Elected to the National Academy of Engineering
    .

Details

Tuition

  • Tuition
    $25,000

  1. Estimated Cost Per Credit: $828

Important dates & deadlines

Spring 2024

  • Priority Application Deadline
    November 10, 2023
  • Final Application Deadline
    January 31, 2024
  • Program Start Date
    February 26, 2024

Prerequisite coursework

Four-year baccalaureate degree from a regionally accredited US institution (or the international equivalent).

Application requirements

  • Graduate School Application Form: Provides basic information on the applicant.
  • Statement of Purpose: Provides applicants with an opportunity to share their interest in the program.
  • Resume: Highlights applicants professional experiences and education. For learners applying immediately after their undergraduate degree, their university experiences may be emphasized.
  • Transcript: Transcripts from all universities previously attended evidence academic success in a conferred bachelor’s degree, and any subsequent university-level coursework.
  • TOEFL/IELTS/PTE: Select international students may require a TOEFL/IELTS/PTE score. Complete the "Learn More" form to receive additional information and to assess whether you qualify for a waiver.
  • Application Fee: The non-refundable application fee is $75.
  • GMAT or GRE scores are not required.

Curriculum

Enroll in two 3-credit courses per 12-week term, as a full-time student. With five terms, courses in the product management program will follow the product development life cycle:

Learn More About the Master's Degree in Product Management

FAQs

  • GMAT or GRE scores are not required. Instead, candidates are evaluated based on their statement of purpose, resumes, and transcripts.
  • Online students will have access to an online networking platform and job board, as well as online career resources available through the program. Graduates will also have access to the alumni network.
  • US Federal Financial Aid is available for qualified full-time and part-time students. Financial aid to include federal student loans, private student loans, third party billing, veterans benefits, and tuition remission may apply.
  • With the affordability of the program, we do not offer scholarships. Scholarships may be available from external sources.
  • The earned degree is a Master of Professional Studies in Product Management from the University of Maryland. edX and online are not listed in the degree title or in the awarding institution.
  • Select international students may require a TOEFL/IELTS/PTE score. Complete the "Learn More" form to receive additional information and to assess whether you qualify for a waiver.
  • Yes. There are no required residencies on campus or in-person requirements. Enrolled students are welcome to visit campus if they wish and participate in activities open to all students. Graduates are also invited to attend in-person graduation ceremonies, or may receive their diploma by mail if preferred.
  • No. We do not have a minimum work experience requirement that applicants must meet in order to be admitted. Applications are invited from experienced professionals as well as recent undergraduate degree holders.
  • Yes. The University of Maryland is accredited by the Middle States Commission on Higher Education (MSCHE), under the authority of the U.S. Department of Education.
  • Yes. While students may complete the program in 15 months, up to five years is allowed to complete the program.
  • Learners residing in one or more of the following countries or regions will not be able to register for this program: Iran, Cuba and the Crimea region of Ukraine. While edX has sought licenses from the U.S. Office of Foreign Assets Control (OFAC) to offer our courses to learners in these countries and regions, the licenses we have received are not broad enough to allow us to offer this program in all locations.