Project Management is becoming established as a profession, and an essential part of that is practitioners should have a sound theoretical knowledge of the subject, from which they can make predictions about which approaches will lead to better outcomes for their projects. Hence, the provision of formal education programs are an essential part of the development of the new profession. In this paper, we give an overview of the current state of formal education in project management throughout the world. We start by reviewing the role for education programs in the competence development of project management professionals. We then describe current education programs globally.