Masters in Engineering Management

An Overview of the degree

Masters in Engineering Management, abbreviated as MEM is a specially designed degree for the engineering graduates to build the link between engineering, technology and management.

‘Engineering Management’ is the name used as the course is mainly related to managing and optimizing the output of engineering processes using the tools of business management.

The degree is popular among the engineering graduates who want to get a higher management role in their company’s hierarchy.

Why should I apply to Masters in Engineering Management?

Known famously as the ‘Engineer’s MBA’, the MEM degree is the perfect match for the engineering graduates who want to give a jump to their monotonously moving career path.

The degree is associated with management of engineering process, thus making a good use of the engineering knowledge of the students.

The core curriculum for Masters in Engineering Management covers marketing finance, intellectual management, and management law. The degree helps the candidate to acquire the perfect blend of engineering and management skills.

There are certain problems which require a good knowledge of engineering and good management skills to be solved.

Problems related to planning, scheduling, organizing, staffing, directing, and controlling the process requires an efficient MEM to be solved efficiently as he has the managerial skills as well as the complete knowledge of the process.

The program is a great platform for those young or experienced engineering graduates who want to take technical management and leadership role in the big technical firms.

The MEM degree, as mentioned again and again, is designed to optimize the technical processes, which makes it to stand out among the available management degree for engineering graduates.

 What do I need before I join MEM?

As mentioned above, Masters in Engineering Management is a degree for the engineering graduates.

So, it is expected that the student has appropriate knowledge of his engineering field. The students from science and mathematics field can also join this program but they need to develop the basic skills of engineering.

Also, introductory knowledge of management and business laws is a good advantage to have if you are willing to pursue this degree.

 MEM V/S MBA

As its name suggests, it is an engineering degree and this program is designed to enrich the blend of advanced technical courses with core business courses and considered as best fit for today’s technology companies with a core curriculum in economics, operations, and marketing.

MEM gives you an advantage of business acumen in strategy, marketing, and finance much similar to MBA with technical background and knowledge as well.

While MBA gives only the business administration and marketing and leadership aspects and this program is designed to cover the wide variety of business aspects like accounting, operations, organizational behaviour, economics, finance, and leadership etc. It does not specifically focus on technology either its focus on core business and marketing concepts.

What is Master of engineering management programs consortium (MEMPC)?

The master of engineering management(MEM) consortium is a highly selective and elite group of professional graduate programs to provide the right programs for the right candidate.

MEMPC members work as a consortium to provide guidance to high potential students to enlighten their right blend of technical and management to improve them and make them capable to lead companies of the generation ‘Z’.

The list of MEMPC members are:

• Cornell University
• Dartmouth College
• Duke University
• Johns Hopkins University
• Massachusetts Institute of Technology
• Northernwestern University
• Purdue University
• TUFTS University
• University of Southern California

MEMPC Mission

“The master of engineering management (MEM) consortium is a dedicated group of highly selective and forward thinking professional graduate programs devoted to providing the right program for the right students”.

Elective Courses

The Masters in Engineering Management candidates need to go through a number of compulsory engineering management subjects related to professional engineering stream, they also need to select some major choice subjects from their own engineering stream as a part of postgraduate engineering studies.

Apart from this, certain numbers of electives need to be completed. Some electives available are:

• Accounting for Managers
• Corporate Finance
• Organization Design and Behavior
• Marketing Management
• Organization Information Systems
• Operations Management
• Industrial Financial Decisions
• Leadership in a Global Environment

Duration of MEM degree

There are many universities which offer part time MEM engineering program which ends in three to nine months.

However, a full time program in any reputed university takes close to 12 to 15 months for completion.

The period may include compulsory internships or projects. In general, the duration remains in the above mentioned range in most of the universities.

 Admission requirements for MEM

The admission requirements for Masters in Engineering Management are almost similar in most of the universities. They are:

• The student should be fluent in English and should hold a valid TOEFL or IELTS score for non-native students.
• The student should have a bachelor’s degree in engineering or STEM discipline.
• Some schools demand GMAT or GRE scores while they are waived in case of candidates with hefty work experience.
• Letter of Recommendation are compulsory in some of the colleges.
• Most of the colleges demand a Statement of Purpose and few essays on the specific topics mentioned.

Admission process

There is a two-step process for applying to a Masters in Engineering Management.

• A first selection is made based on the evaluation of your application and supporting documents.
• The pre-selected candidates will then be invited for a face-to-face or Skype interview.
• Selection is done on the basis of the overall profile including Global Admission test score, extracurricular and previous work experience (if any).
• The student should have strong ambition to rise up the managerial hierarchy and strong willingness to learn new skills.
• The candidate should have a fixed motive for applying for this program.

Do I need GRE/GMAT Score

Mostly, GMAT/GRE test score is compulsory. It may be waived off for candidates with more than three to five years of work experience in some universities.
Valid TOEFL or IELTS score for English proficiency assurance is required.

Class Profile

• Average GRE Quantitative: 161-167
• Average GRE Verbal: 152-157
• Average GRE Analytical Writing: 3.5-4.0
• Average Work Experience: 2.5 years
• Average Age: 24 years
• Women: 26%

Jobs after Masters in Engineering Management

After completing the MEM degree, the candidate can be hired as an Application Engineer, Associate Marketing Manager, Automation Engineer, Business Analyst, Client Services Analyst, Clinical Specialist, D Director of Business Strategy etc. Some of the companies hiring MEMs are: Consultant Firms: Accenture, Deloitte, Capital OneTech Giants: Google, Microsoft, Cisco, AppleFinancial Service sector: BNP Paribas, Citi Bank, Goldman Sachs, HSBC, State Street Corporation.

Average Masters in Engineering Management Salary

The average salary for the students from some type Business Schools after completing the MEM degree was around $90,000 per annum. The figures mainly fluctuate depending on the firm and the cities.

Ranking of Top Colleges

The course is offered in several top universities across the globe and that makes it difficult to determine the ranking of the business schools for this course. In no particular order, given below are some of the top universities offering MEM programs.

 

For reference, we have shared links to MEM program listed on the official sites of Massachusetts Institute of Technology and Cornell University. You can check them out here –

1.Massachusetts Institute of Technology MEM Program
2.Cornell University MEM Program
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