Every engineer faces a choice after graduation, a choice between practical knowledge or higher studies. Higher education happens to be the most popular choice amongst the millennials today and completing one’s master’s degree in a stream that matches with one’s passion and career goals is as important as the degree itself. A master’s degree today is an important aspect of one’s career, not just because it gives more detailed information about the course the student is interested in, but also the fact that it gives a feeling of accomplishment and respect to the student in the field. While Engineering students have numerous branches and courses to choose from, another option that is now upcoming is an MS in Engineering Management.
This Blog Includes:
What is MS in Engineering Management?
Master’s degree in Engineering Management, abbreviated as MEM is a degree specifically designed for engineering graduates to build the connection between engineering, technology and management. “Engineering Management” is the name used since the course is mainly related to managing and optimizing the results of engineering processes using enterprise management tools. The degree is popular among engineering grads who want to get a higher management role in their business hierarchy. As can be understood by its name, an MS in Engineering Management applies to only those students who have an engineering background and are capable of grappling with the technical aspects of the course. Having an undergraduate degree in engineering and the required percentage to enrol in the program are the only two requirements of this course.
The MS in Engineering Management Program is a multi-disciplinary and immersive program. Students are required to take many core and specialised courses and select electives as well as mandatory internship modules to move forward in their areas of specialization. These are as follows:
- Applied Machine Learning
- Data Science for Business Intelligence
- Operations and Supply Chain Management
- Technology Development and Commercialization
- Computer Simulation for Risk
- Operational Analytics
- Project Management
- Product Management
- Manufacturing Management
- Systems Engineering and Architecture
- Environmental Systems Analysis
- Economics & Public Policy
- Leadership and Organizational Behaviour
- Strategic Management
- Business Accounting
- Finance, etc.
Duration of MS in Engineering Management
The duration of the MS in Engineering Management (MEM) program will depend on the university or college that you might choose. A full-time program may last somewhere around or between 12 to 24 months whereas a part-time degree or distance learning programs may get completed in 6 to 9 months or a year.
Tuitions Fees and Cost
The tuition fee for an MS in Engineering Management program will depend on the 3 factors (in general) that are:
- University/ College/ Country.
The estimated tuition fee for one year may range from $60,000 to $120,000. For international students, the anticipated total cost can anywhere between $80,000 to $150,000 including living expenses.
Admission requirements for MS in Engineering Management
Admission requirements may vary between universities and the mode of learning, but here are some basic admission requirements:
- A bachelor’s degree in an engineering or science discipline or it’s equivalent with a good CGPA.
- Good GRE or GMAT scores as preferred by the universities.
- At least 2 letters of recommendation
- Statement of purpose
- TOEFL, IELTS, or PTE scores for international students whose native language is not English.
- All past academic records and transcripts
- Work experience (if asked by a university)
MEM Vs MBA
If you are confused between MEM or MBA, the choice that you will be making will depend on your long-term career goals and interests. Before making a suitable choice, applicants must be familiar with the admission requirements, program of study, career outcomes and cost of education or tuition fees while selecting a program. Some points that students must keep in mind when it comes to choosing between MS in engineering management and MBA are listed below:
|MBA||MS in Engineering Management (MEM)|
|The MBA program is generally open to graduates from any discipline or field of study like science, arts, commerce etc.||MS in engineering management or MEM is a specialised program or degree that is strictly designed for science and engineering graduates with a stronghold in Physics, Mathematics, Chemistry and Mechanics.|
|MBA programs are much more expensive than doing MS in engineering management.||It is much more affordable than a regular MBA degree which is also regarded as a money-making degree.|
|Professional or work experience is required before going for an MBA program especially abroad.||MS in engineering management is designed for young engineers and science enthusiasts so the need for work or professional experience is not required.|
|MBA covers a wide variety of subjects that are related to management and its disciples and not particularly focus on technology.||In Masters in Engineering Management, an engineering student is in touch with the course he/she studied in their undergraduate while getting the opportunity to learn new and different perspectives of how a company or business runs.|
|MBA is ideal if you want to move to higher-level business management and leadership roles||MS in engineering management is specially designed in order to build the connection between engineering, technology and management.|
|The MBA is ideal if you want to transition to top-level executive and business management positions.||If your interest and heart lie with technology and if you are passionate enough to develop and foster strong business and decision making skills to solve complex problems, then MS in engineering management is the course to go for.|
Many colleges across the globe offer an MS in Engineering Management, and they also offer variations to the same course to provide a more suitable course framework according to the convenience of the students. The variants are:
- Combined engineering course with engineering management as an option.
- An engineering branch with management
Here are some of the well-known universities for MS in Engineering Management programs around the world:
- Cornell University
- Duke University
- Dartmouth College
- Johns Hopkins University
- Massachusetts Institute of Technology
- Purdue University
- Northwestern University
- University of Southern California
- McGill University
- University of Ottawa
- University of Windsor
- University College London
- Brunel University London
- The University of Melbourne
- University of Auckland
- Tsinghua University
- RWTH Aachen University
Thus, we hope that through this blog you must have got all the necessary information and facts that will gonna help you in future if you want to pursue MS in Engineering Management. Reach out to our Leverage Edu experts for a step by step guidance and personal counselling. Book your free session with us today.