Master of Construction Management Job Market Needs
Construction Management (CM) is an interdisciplinary field between engineering and management. It focuses on the engineering & management of construction. This program is specifically oriented to emphasize the application aspects of construction. The U.S. Department of Labor predicts that employment of construction managers is expected to grow 17 percent from 2010 to 2020, about as fast as the average for all occupations. Also, the current median pay predicted for construction managers is $83,860 per year. Just to gauge the potential market for construction managers, according to the North Central Texas Council of Governments, in the DFW Metroplex, by 2040, we need:
- 1,100 new primary and secondary schools
- 1 million new homes
- 44 new hospitals
- 350 new neighborhood retail centers
- 14 new malls
- 470,000 new multifamily units
- 70 million more sq. ft. of class A office space
- 350 new neighborhood retail centers.
The American Society for Engineering Education reports that the Master's enrollment in Civil Engineering grew steadily from around 8,721 in 2001 to more than 10,300 in 2010. Based upon the assumption that many civil engineering students will be involved in construction projects, the student demand for construction management is growing.