Why a Master's in Product Management?
Product management is a high-earning, fast-growing career with 29% annual growth in job openings and an average salary of $196,548, making it one of today’s most lucrative fields. The combination of rapid job growth, competitive salaries, and leadership opportunities makes product management one of today’s most exciting career paths.
Lead the AI and digital transformation wave by driving innovation in industries where over 90% of executives prioritize AI, delivering 20% productivity gains through cutting-edge strategies. Master the skills to lead AI-powered initiatives and position yourself as an essential leader in a technology-driven world where organizations rely on product managers to turn digital transformation goals into reality.
Amplify your earning power with a master’s degree, boosting your salary potential and opening doors to top-tier product management roles. A master’s degree not only opens doors to top-tier positions but also provides the confidence and credibility to lead teams, influence strategic decisions, and make an immediate impact in organizations seeking innovative product leadership.
Prepare for success at every level of your product management career by gaining the critical skills and tools needed to excel in roles ranging from assistant product manager to chief product officer. Whether you’re looking to break into the field or advance into senior leadership, this program equips you with the knowledge to manage the entire product lifecycle, align cross-functional teams, and deliver solutions that drive business success.
Join the University of Maryland, a top-tier university with global impact, and become part of a thriving community dedicated to excellence, innovation, and leadership. Ranked among the Top 20 public universities in the nation, UMD is renowned for its achievements in entrepreneurship and innovation and boasts a powerful 400,000+ global alumni network that opens doors across industries and continents.
The Job Outlook for Product Managers
#3
Best Jobs in America
Source: Glassdoor
29%
Annual Growth in Job Openings
Source: linkedin
128,000
Jobs Posted for Product Managers
Source: linkedin
$196,548
Average Salary in the U.S.
Source: Glassdoor
Faith DeFreitas
Lei Zhang
Casandra Fazio
A World-Class Education, Delivered Affordably
Earning a master’s degree in product management is a powerful investment in your future, and at just $26,000, this program is designed to deliver exceptional value. Tuition is paid in five installments at the start of each term, making it manageable for learners balancing their education with other financial commitments. Explore the flexible options available to make this degree attainable, whether through federal loans, employer assistance, or self-funding.
Flexible Financing Options
Access flexible financing options, including federal loans for U.S. learners, to make this affordable $26,000 program possible without disrupting your financial stability. With a strong return on investment, this degree positions you for substantial salary growth and career advancement.
Employer Tuition Assistance
Leverage your employer's tuition assistance program to reduce out-of-pocket costs, as many companies provide funding for employees pursuing advanced education. The program’s flexibility allows you to complete it in more than 15 months if needed, aligning with your employer’s reimbursement schedule while advancing your career.
Self-funding Your Education
Self-fund your education to boost earning potential sooner by investing in an affordable program that pays off. Flexible timelines ensure you can tailor your studies to fit your schedule while positioning yourself for high-paying product management roles faster.
An Innovative Curriculum
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Discover what it takes to become a member of the MPS in Product Management community.
Review Requirements
View an online information session to learn more about the MPS in Product Management degree.