Companies prefer applicants with strong business and engineering expertise over candidates with pure engineering backgrounds in today’s sophisticated data-driven world. Graduates of the Master of Engineering Management program are in great demand for positions in operations, data analytics, product management, marketing management, consulting, performance analytics, and quality control, among other fields.
IBM, Google, Deloitte, Amazon, Bloomberg, General Motors, Apple, Goldman Sachs, and others are among the top employers of the best MEM college in the USA. Because of their in-depth technical and management skills, MEM graduates generally move quickly into senior management and leadership posts.
A 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. Therefore, candidates should make a good and informed decision on which university he/she should attend. In this blog, we will look at the top 10 schools that one should aim for MEM.
Top 10 universities for master’s degrees in engineering management program
Here are some of the most well-known universities in the world that offer MEM programs:
- Cornell University, USA
- Dartmouth College, USA
- Duke University, USA
- Johns Hopkins University, USA
- Massachusetts Institute of Technology, USA
- Northwestern University, USA
- Purdue University, USA
- TUFTS University, USA
- University of Southern California, USA
- McGill University, Canada
- University of Ottawa, Canada
- University of Windsor, Canada
- University College London, UK
- Brunel University London, UK
- RMIT, Australia
- University of Melbourne, Australia
- The University of Auckland, New Zealand
- Huazhong University of Science and Technology, China
- Tsinghua University, China
- RWTH Aachen, Germany
Students of the Master of Engineering Management degree possess advanced engineering, financial, design, and process expertise, as well as the ability to lead and motivate people. As a result, graduates with a master’s degree in engineering management are in great demand by employers. Graduates who can look at a problem from multiple viewpoints and give a solution using technology and business tools are preferred by today’s employers. Best MeM schools in Australia can be a bit expensive but other countries offer it under 25-30 lakh.
Who should apply for a Master’s in Engineering Management course?
MEM may be the appropriate decision for you if you have a bachelor’s degree in engineering or science and are seeking a non-traditional master’s degree. You might be curious to know whether there is a prerequisite for engineering experience? Well, the answer is no because anyone with a bachelor’s degree in engineering can apply for this course. If you’re interested in R&D management, technological entrepreneurship, industrial management, quality control, intellectual management, data analytics, and more, this program is for you. You can apply to some of the best MeM schools in the UK.
Admission requirements for MEM
The United States, as well as several universities in Canada and Australia, offer master’s degrees in engineering management. Full-time and distance learning MEM programs are available. Although admission requirements differ by university and manner of study, there are a few common ones:
- Your bachelor’s degree in engineering or science, or its equivalent, from an accredited institution with a good CGPA.
- Most universities require GMAT or GRE scores. Candidates with exceptional professional experience may be exempt from taking the GRE or GMAT.
- Two to three LOR (letters of recommendation)
- A personal statement/ statement of purpose.
- For overseas students whose first language is not English, TOEFL or IELTS results are required.
- Universities transcripts
- Students with little or no work experience should apply for master’s degrees in engineering management. This suggestion is for those students who have less than 5 years of job experience. You should keep in mind that the amount of work experience required differs by the university.
- Programs that must be completed before continuing. Many colleges demand that students either complete a pre-requisite curriculum or possess sufficient pre-requisite knowledge in advanced technical abilities, especially calculus and statistics.
MEM includes the following topics:
The master’s program in engineering management is interdisciplinary and immersive. In order to progress in their areas of concentration, students must complete a number of core courses, electives, and mandatory internship modules. Some of the best MeM colleges in Canada offer great courses. Among the popular electives available in MEM programs are:
- 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
Duration for MEM
The length of a master’s degree program in engineering management is determined by the program’s mode. A 12 to 24-month full-time program is possible. Part-time or remote learning programs might run anywhere from six to nine months, or even a year.
MEM tuition is determined by the duration, method, and university of the program. A single term’s tuition might cost anything from $30,000 and $68,000. Depending on the length of the program, this could be the full tuition charge or a yearly fee. The overall cost for international students, including living expenses, should range from $50,000 to $105,000.
When it comes to selecting the best engineering management program, accreditation is crucial. The Master of Engineering Management Programs Consortium (MEMPC), American Society of Engineering Management (ASEM), Accreditation Board for Engineering and Technology (ABET), National Council of Examiners for Engineering and Surveying, The Institution of Engineering and Technology (IET), European Network for Accreditation of Engineering Education, and others are some of the most well-known accreditation bodies for engineering management.
Master of Engineering Management Programs Consortium (MEMPC)
MEMPC is a devoted and highly selective collection of premier American universities that collaborate to promote engineering and management programs to students and to share best practices with the industry.
Members of the MEMPC include Cornell University, Dartmouth College, Duke University, John Hopkins University, Massachusetts Institute of Technology, Northwestern University, Purdue University, TUFTS University, and the University of Southern California.
If you are a candidate interested in pursuing a master’s degree in engineering management in the United States, you should look into the universities that are part of the MEMPC consortium to get the most out of your MEM program and benefit from the consortium’s industry-driven policies and career network.
Confused between MEM or MBA?
Your long-term job goals and interests will determine whether you should pursue a MEM or MBA. The following are some things to consider when deciding between a MEM and an MBA:
- While an MBA program is available to graduates from any field, the MEM program is only for scientific and engineering graduates who have a good background in physics, mathematics, chemistry, and mechanics.
- Master’s in engineering management programs are more expensive than MBA programs. MBA programs are geared for candidates with extensive professional experience, whereas MEM programs are designed for young people with little or no job experience.
- MBA programs span a wide range of disciplines and may or may not include a technological component. An MBA is a good way to rise to higher-level corporate management and leadership jobs. MEM is the program to pursue if your interests are in technology and technical fields, as well as a desire to acquire strong business and decision-making skills in order to tackle difficult problems.
As a result, students should double-check all program specifics before making a decision. Do your homework. Connect with students, teachers, and graduates of engineering management and MBA programs to learn about the advantages and disadvantages, work-life balance, and career options, and make an informed decision.
The Masters in Engineering Management (MEM) is a professional master’s degree that focuses on bridging the engineering, technological, and management gaps. The Master of Engineering Management is indeed a popular choice among engineering graduates who want to combine their technical talents with business acumen and thereby advance to a higher managerial post with a technology focus.