Engineering Management- What, Where and Why?
Engineering Management - It has become a norm for engineers around the world to pursue management related courses. Since students are not necessarily required to have prior technical knowledge for pursuing an MBA, business schools have one of the most diverse class profiles among all subjects. It is no surprise, perhaps, that almost 36% of the MBA class for 2017 at Harvard Business School is from STEM related fields while 20% of the students in the Haas School of Business are from engineering.
But why just a traditional management degree? Couldn’t engineering graduates go for degrees specifically tailored for them? Well, the answer lies in the Master of engineering management programme or MEM.
What is Master of Engineering Management?
MEM or Master of engineering management is a professional course which combines engineering practices with business and management subjects. Basically, it is a specialised management programme which includes the application of engineering principles and techniques. The course is commonly known as the Engineer’s MBA as it is, essentially, pursued by engineers as well as scientists who want to understand and master the managerial aspects of their work.
What does Engineering Management include?
Master of Engineering Management is offered both at the masters and PHD level for engineers who want to stay put in the technological field but with a focus on managerial roles. The programme curricula may include some of the below mentioned subjects:
Accounting for engineers
Financial issues for engineers
Computer simulation for risk and operations analysis
Strategic Management for Engineers
Top Universities offering Engineering Management:
1. MIT System Design & Management -Jointly offered by MIT's School of Engineering and the MIT Sloan School of Management, the university enrolls 50-55 students to its Engineering Management programme annually.
Duration- 3 semesters
Fees: $27,000 per term
2. Cornell University – Cornell offers MEng in Engineering Management to students who hold undergraduate engineering degrees in fields like Mechanical, civil, electrical and computer science, among others.
Duration: 2-3 semesters.
Fees: $29,500 per semester
3. Stanford University – The Master of Management Science & Engineering Program at Stanford offers all round development of the student through industry interactions with Silicon Valley and organisations across the world.
Duration: 15-18 months
Fees: $10,560 per quarter
4. Duke University- Master of Engineering Management (MEM) Program at Duke is offered by the Pratt School of Engineering in collaboration with the Duke’s Fuqua School of Business and the Duke School of Law.
Duration: 2 semesters
Fees: $24,270 per semester
5. Northwestern University: The Master of Engineering Management (MEM) program is offered by the McCormick School of Engineering at Northwestern University. The programme enrolls an average of 96 students annually. The course is offered both as part time and full time.
Duration: 9- 15 months
6. University of Southern California- The University of Southern California in USA offers Master of Science in Engineering Management for students with background in engineering or other subjects related to science.
Duration: Students have to complete 15-18 units
Fees: $24,732 for 15-18 units
7. Dartmouth College- The Master of Engineering Management is offered by the Thayer School of Engineering in collaboration with the Tuck School of Business. Of the 10 required courses in MEM, 5 are taught at Tuck School, and also half of the elective courses may be taken at Tuck School.
Duration: 15 months
Fess: $16,040 per term
What makes you eligible for Engineering Management?
Majority of the universities offering MEM accept students who have an engineering or science related background. Also, many of the students also have prior work experience before opting for the course. While GRE scores are most commonly accepted for admission to the Engineering Management course, some of the universities also accept GMAT scores.
Below are the average GRE/GMAT scores accepted in the top universities offering Engineering Management
GRE -Verbal 153; Quants155
Analytical Writing 3.5-4.0
University of Southern California
Career opportunities in Engineering Management
The principal work of an engineering management graduate is project management and research. In his position, he is required to both formulate plans and see to its implementation through specific management strategies. Engineering management graduates are are high in demand in jobs which require high level of scientific knowledge along with the ability to communicate the requirements of the projects effectively. Not just that, an engineering management student is paid well, too. According to the U.S. Bureau of Labor Statistics, the median salary of engineering managers is $130,620.
Below are some of the work opportunities of engineering management graduates:
Scientific Research and Development Services
Analysts or associates in scientific consulting firms
Electronic Manufacturing firms
Oil and Gas sector
Stay tuned to studyabroad.careers360.com for more news and updates on engineering management