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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 (

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. (

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



  • Tuition

  1. Estimated Cost Per Credit: $828

Important dates & deadlines

FALL 2024

  • Priority Application Deadline
    June 14, 2024
  • Final Application Deadline
    July 31, 2024
  • Program Start Date
    August 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.


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