Lead the Future of Products with a Master's in Product Management

A Scholar's Program for Industry-Oriented Research in Engineering

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I am interested in the Master of Professional Studies in Product Management.

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Apply Now for SPRING 2025

Final Application Deadline: January 31, 2025
Program Start: February 27, 2025
Start your application

Apply Now for Fall 2023

Space is limited and you are encouraged to apply early.  Applications will be reviewed on a rolling basis until all seats are filled.

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 photo

Faith DeFreitas

Concert AI
The program provides a meticulously designed curriculum tailored to equip you with the essential skills to navigate every aspect of product lifecycle management.
- Faith DeFreitas, Concert AI
The program provides a meticulously designed curriculum tailored to equip you with the essential skills to navigate every aspect of product lifecycle management.
Lei Zhang photo

Lei Zhang

Microsoft
I gained valuable insights and developed a strong foundation in product management. I deeply appreciate the teaching and guidance that significantly influenced my academic and professional journey.
- Lei Zhang, Microsoft
I gained valuable insights and developed a strong foundation in product management. I deeply appreciate the teaching and guidance that significantly influenced my academic and professional journey.
The skills gained from the program allowed me to confidently build and refine products and processes in my own business as well as prepare me for success in any future role.
- Casandra Fazio, Digitas
The skills gained from the program allowed me to confidently build and refine products and processes in my own business as well as prepare me for success in any future role.

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

Term I — Becoming a Product Manager

Purpose:

Discover how to deliver products that customers love, deliver value, and work for the business.

Courses:

"Fundamentals of Product Management" and "Strategies for Managing Innovation"

Description:

Learn the basics of customer discovery, product discovery, product delivery, and the core-context model for managing products through maturity. Explore how these change given the product adoption lifecycle and the market life cycle maturity, including how to detect which stage you are in and what types of strategies can be employed at each stage. Examine the processes of technological change and how firms can creatively recognize, screen, and evaluate tools and techniques to practice innovation.

Term II — Customer and Product Discovery

Purpose:

Discover if the problem is worth solving and explore solutions with early product prototyping by engaging the customer through proven discovery and validation techniques.

Courses:

"Business Modeling and Customer Validation" and "Data Analysis and Decision Making"

Description:

Customer and product discovery is the process of using ideation methods and minimum viable prototypes to discover and test product-market fit. This is best accomplished by using a sound product discovery process with validating tests that confirm your product-market fit. Knowing how to build and conduct tests for value, usability, feasibility, and viability are essential so you can lead products with data-driven decisions. These techniques and skills enable you to evangelize your product concept, and answer important questions about your product, including:

  • Is the value proposition compelling and urgent?
  • Can the customer actually use it to solve the problem?
  • Does the business model make sense for our business?
  • Can you build the business and technology in a scalable way?

Term III — Product Delivery

Purpose:

Enable business agility using design thinking and DevOps that empowers product teams to scale product innovations, delight customers, and capture market share.

Courses:

"Innovative Thinking" and "Managing Product Development and Operations"

Description:

With a strong product idea, the work to take that product to market at-scale begins. Doing this well means transforming the business and the customer experience. Design thinking drives this change through bias for action and a confident approach to innovating solutions that scale. Accomplishing this also requires DevOps principles for engineering, and empowering teams through modern product leadership for development and operations. Product managers must enable productivity and delivery by actively influencing the delivery pipeline to address scalability, reliability, performance, and maintainability.

Term IV — Gaining Traction & Influence

Purpose:

Gain traction through actively managing the customer journey while influencing stakeholders and negotiating business partnerships that drive growth.

Courses:

"Market Development and Commercialization" and "Negotiation and Problem-Solving"

Description:

With modern product frameworks in place, marketing takes on completely new dimensions. The rise of growth hacking means finding your optimal growth channel and driving customers into it. Therefore, the product is no longer just the features, but the entire customer journey. Meanwhile, negotiating a great business relationship can often leap a product or company an order of magnitude higher in customer access and acquisition, while reducing costs.

Term V — Managing Products at Scale

Purpose:

Lead product portfolios and innovations at scale with tailored product frameworks, lean budgeting, empowered teams, and aligned objectives and key results.

Courses:

"Financing the Product Life Cycle" and "Building and Leading Innovative Organizations"

Description:

As products scale and diversify across market segments, and vertically orchestrate as product suites, how do you keep innovating? Delivery and growth create momentum that push down on costs and people to do more with less. This is the greatest challenge for product leaders and heads of innovation. Learn how to establish product frameworks for flow, empower teams, leverage lean budgeting strategically for product value streams, manage long-term product teams and continuous employee engagement, and ensure that every aspect of the product work ties to business value, key financials, and the objectives and key results (OKRs).

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Apply Now for Fall 2023

Preferred Application Deadline: June 16, 2023
Final Application Deadline: July 28, 2023
Program Start: August 28, 2023
Start Your Application »

Space is limited and you are encouraged to apply early. Applications will be reviewed on a rolling basis until all seats are filled.