Blending together the two most sought-after career fields, Engineering Management is a specialised discipline which combines the technical aspects of Engineering with business acumen. Studying this field, students are equipped with a unique skill-set through which they can efficiently control, direct, plan, schedule, and organize the technical processes along with creating business strategies. Since it is an emerging branch that bridges the gap between the theoretical fields of Business and Engineering, it is generally pursued as a master’s degree. Masters program in engineering management is the most opted degree among engineering graduates who want to attain stability and growth in the higher management role of their company’s hierarchy. Through this blog, we will take a look at what the Master of Engineering Management as a degree entails, the universities you can choose from as well as the career scope you can avail.
This Blog Includes:
- What is Engineering Management?
- Benefits of Engineering Management Degree
- Master in Engineering Management (MEM): Course Highlights
- Who should pursue Master of Engineering Management (MEM)?
- Specializations Offered in Masters in Engineering Management (MEM)
- Admission Criteria for Master of Engineering Management (MEM)
- Subjects Covered Under MEM Degree
- Duration of Masters of Engineering Management (MEM)
- Tuition & Costs for Master of Engineering Management (MEM)
- Masters in Engineering Management: Courses
- Top Universities for Masters in Engineering Management (MEM)
- Career Prospects & Salary after Masters in Engineering Management
What is Engineering Management?
Bringing a fusion of the management and technical sectors, Engineering Management imparts students with the integrated knowledge of the business concepts with engineering disciplines. For the students aspiring to be such professionals, there are various master of engineering management degrees that are available which can equip them with the desired set of skills for this field. You can choose from a plethora of postgraduate degrees that put forward these two specialised disciplines in an integrated program. Studying a Master of Engineering Management degree, you will be equipped with the skills related to industrial engineering skills and expertise parallelly with the knowledge, strategies and techniques related to management and business. Here is a list of major subjects that you will be perusing in a master’s degree in Engineering Management:
|Managerial Analytics||Operations Excellence|
|Systems Engineering and Architecture||Product Management|
|Data Science for Business Intelligence||Industrial Internet of Things|
|Supply Chain Management||Technical Entrepreneurship|
|Business Process Change Management||Project Management|
Benefits of Engineering Management Degree
- Engineering Management offers a balanced understanding of best business practices and engineering sciences.
- Problems related to scheduling, planning, staffing, organizing directing can be solved efficiently by the managerial skills that a MEM candidate possesses.
- Prepares you for managerial positions by offering the opportunity to gain hands-on experience through industry training.
- Offers a lucrative career with the knowledge and skills gained, it widens career opportunities.
Master in Engineering Management (MEM): Course Highlights
|Duration||18 to 24 months|
|Eligibility||A Diploma or a 4-year Bachelor’s degree in Engineering|
|Fees per Semester||1.5 to 7 Lac (INR)|
|Top Job Prospects||IT Manager, Project Manager, Quality Manager|
|Salaries offered||46.5 Lac (INR)|
Who should pursue Master of Engineering Management (MEM)?
MEM may be the appropriate decision for you if you have a bachelor’s degree in engineering or science and are seeking for a non-traditional master’s degree. Is there a prerequisite for engineering experience? No, anyone with a bachelor’s degree in engineering can apply for a master’s degree in engineering management. It is a perfect fit if you are interested in research and development management, technology entrepreneurship, industrial management, quality control, intellectual management, data analytics and more.
Specializations Offered in Masters in Engineering Management (MEM)
Emerging from the amalgamation of two domains, Master of Engineering Management offers various specializations which are tailored with the unique combination of their parent disciplines. Here are some of the sub-fields that are generally added under this degree:
Management Science aims to impart the knowledge of the application of the elementary statistics for presentations, data analysis and financial project planning, analysis and interference and how to use it for designing several strategies. Studying this subject in Master of Engineering Management, you will also get to explore the wide arena of the global market and related economic theories.
This field involves mathematical computations that are used in Engineering. It is an integral specialization constituted under Master of Engineering Management and students get to learn about varied concepts related to derivative methods, differential equation, calculus, complex numbers and vectors. Moreover, the context of the mathematical applications would largely depend on the concerned area of study under Engineering.
In this specialization under the master of engineering management, the main focus is to ensure that the business operations are running smoothly in an organization and use the least possible amount of the resources in providing the utmost output. This subject enables you with the knowledge of simulation modelling, production system and metrics that are a pivotal part of operation management.
Admission Criteria for Master of Engineering Management (MEM)
In almost all the universities the eligibility criteria to seek admission under the Master of Engineering Management is similar. Following is the basic eligibility for MEM:
- A bachelor’s degree in engineering or science from an approved institution, or its equivalent, with a respectable CGPA.
- Most colleges demand GMAT or GRE scores. GRE or GMAT scores may be waived off for candidates with exceptional work experience.
- Two or three letters of recommendation from people who know the candidate’s academic, professional, and leadership abilities.
- A personal declaration or a statement of intent.
- TOEFL or IELTS scores are necessary for international students whose first language is not English.
- Transcripts from all undergraduate and graduate institutions and universities attended.
- Students with little or no job experience should apply to master’s degrees in engineering management. It is suggested for students with less than 5 years of job experience. Keep in mind that the amount of work experience required differs per university.
- Programs that must be completed first. Many colleges demand that students finish a pre-requisite curriculum or have sufficient pre-requisite expertise in advanced technical abilities, especially calculus and statistics.
Subjects Covered Under MEM Degree
The master’s program in engineering management is interdisciplinary and intensive. To advance in their areas of expertise, students must complete a number of basic courses, pick electives, and complete mandatory internship modules. Electives available in MEM programmes include, but are not limited to:
- Computer Simulation for Risk & Operational Analytics
- Project Management
- Product Management
- Manufacturing Management
- Systems Engineering and Architecture
- Environmental Systems Analysis, Economics & Public Policy
- Applied Machine Learning
- Data Science for Business Intelligence
- Operations and Supply Chain Management
- Technology Development and Commercialization
- Core or compulsory courses vary with universities but the popular ones include Leadership and Organizational Behaviour, Strategic Management, Accounting, and Finance, etc.
Duration of Masters of Engineering Management (MEM)
Many colleges offer part-time master’s degrees in engineering management that last three to nine months. A full-time program at a respected institution, on the other hand, can take anywhere from 12 to 15 months to finish. Internships or projects may be required during this time. In most universities, the time remains within the previously specified range.
Tuition & Costs for Master of Engineering Management (MEM)
The cost of a MEM program will vary according to the length, modality, and university. A single term’s tuition might cost anything from $30,000 to $68,000. Depending on the length of the program, this might be the total tuition charge or a yearly fee. International students should budget between $50,000 to $105,000 for their overall costs, including living expenditures.
Masters in Engineering Management: Courses
- Masters in Engineering Management
- Master of Science in Engineering and Technology Management
- Master of Science in Information Science
- M.Eng. in Management Science and Engineering
- Masters in Systems Engineering & Management
- Master of Science in Technology Management
- MS in Engineering Management
- M.SC. Management and engineering in technology, innovation, marketing and entrepreneurship
Top Universities for Masters in Engineering Management (MEM)
In the domain of Engineering Management, there are a plethora of master’s degree courses that you can choose from. Further, candidates can also opt for any of the specializations under the parent field. The table mentioned below elucidates major universities offering Master of Engineering Management and its variants.
Master of Engineering Management
|University of Siena||Italy|
|University of Ontario Institute of Technology||Canada|
|Rochester Institute of Technology||USA|
|Royal Melbourne Institute of Technology||Australia|
|University of Wollongong||Australia|
|United Arab Emirates University||UAE|
|University of South Australia||Australia|
|University of Maryland||USA|
Career Prospects & Salary after Masters in Engineering Management
Master in Engineering Management is the safest road to secure your career and offers opportunities to earn lucrative salaries. Tech giants like Deloitte, Capital OneTech Giants, Accenture Google, Microsoft, Cisco, Apple, BNP Paribas, Citi Bank, Goldman Sachs, and HSBC heir MEM graduates. You can apply for lucrative positions in the industry which are Application Engineer, Associate Marketing Manager, Automation Engineer, Business Analyst, Client Services Analyst, Clinical Specialist and Business StrategistA MEM or MSEM graduate’s average pay is significantly dependent on the university, the candidate’s academic and experience background, the firm, location, and other factors. Graduates from prestigious colleges may expect to earn between $70,000 and $90,000 per year on average. As a result, candidates should make an informed decision on which university to attend. Some of the topmost work profiles in the field of Engineering Management are enlisted below:[optin-monster-shortcode id=”xf2mlnjiouddzrshykdb”]
Average Salary Package: Ranges from the US $98,672- $134,876
Top locations: Washington, Chicago, New York
Average Salary Package: US $70,887
Top Locations: Washington, Chicago, and New York
Average Salary Package: US $73,487
Top Locations: New York, Washington DC, California, Chicago, IL
Average Salary Package: US $64,734
Top Locations: Washington, Illinois, California, San Francisco, New York
Thus, if you are interested in pursuing the field of Engineering while also working in a managerial profile, then you should definitely opt for the Master of Engineering Management degree. Take the help of Leverage Edu to browse through varied postgraduate programs in Engineering Management and it will help you find a suitable combination of course and university that aligns with your interests and preferences and equips you with the right exposure and knowledge to build a successful career in this field.