Masters in Engineering Management (MEM): Subjects Details, Cost, Duration, Top Universities

What is Masters in Engineering Management (MEM)?

A professional master's degree called the Masters in Engineering Management (MEM) is specifically created to decrease the management-engineering gap. The Masters in Engineering Management program also referred to as the "Engineer's MBA" or the "MBA for Engineers," is a popular choice among engineering graduates who want to combine their technical talents with business skills and advance to a higher managerial position with a focus on technology.

Graduates of master's programs in engineering management not only possess an advanced understanding of engineering, finance, design, processes, etc., but also possess leadership and motivational skills. As a result, employers highly value graduates with master's degrees in engineering management. Today's employers favor graduates who can approach a problem from a variety of angles and offer a solution by maximizing technology and business tools.

Those with an engineering background can use their experience in business management thanks to the master's degree in engineering management (MEM). Engineering bachelor's degree holders have more opportunities for career advancement in senior management roles because of Engineering Management.

Engineering Background requirements for MEM:

Any engineering graduate is eligible to apply for a master's degree in engineering management.

• It is ideal if you are interested in R&D management, technology entrepreneurship, industrial management, quality control, intellectual management, data analytics, and other related fields. 
• MEM may be the appropriate decision for you if you are an engineer or science graduate seeking for a non-traditional master's degree.

Admission Requirements for Masters in Engineering management:

Masters in Engineering Management programs are widely available in the United States, as well as in certain universities in Canada and Australia, among other places. MEM programs are available in both full-time and remote learning formats. Admission criteria vary depending on the university and manner of teaching, however below are some general entry requirements:

Engineering graduates who desire to advance in their company's management structure frequently pursue this degree. As implied by the name, it only applies to students who have engineering backgrounds and can work through the course's technical requirements. The sole prerequisites for this course are an undergraduate engineering degree and the minimum enrolment percentage. Know more about MEM in countries like the US, Canada, Australia, and Germany

Why study Masters in Engineering Management in USA?

A master's degree in engineering management (MEM) is a one- to two-year STEM program offered in the United States that is tailored exclusively for engineering graduates. Listed below are the reasons why you should study a masters programme in engineering management in USA.

1. A wide variety of business and leadership concepts connected to cutting-edge technical approaches are covered in the Masters in Engineering Management course.
2. Many people have the desire to be in a managerial position after earning a bachelor's degree in engineering, whether in computer science or another field.
3. The engineers can choose between an MBA, an MS in engineering management, or a project management course in this situation.
4. The decision you choose between these three will mostly be influenced by the industries and job roles you will be working on.
5. You can learn corporate business and management with an MBA.
6. You will acquire a wide range of business concepts while pursuing an MS in engineering management, including operations, organizational behavior, leadership, finance, etc.
7. In the USA, you must complete a 1–2-year course intended for graduates in engineering-related professions if you want to earn a master of engineering management.

Also read: Why study in Canada?

Why study Masters in Engineering Management in Canada?

Listed below are the reasons why you should study a masters programme in Engineering management in Canada :

1. International applicants must hold a four-year relevant bachelor's degree with an average score of 3.0/4.0 (83-86% or a B grade) to enroll in MEM courses in Canada.
2. You must have prior work experience to enroll in the majority of Canada's leading colleges that offer MEM programs.
3. GRE or GMAT results, on the other hand, are not a requirement for enrolment in the program.
4. The Master in Engineering Management degree is a STEM curriculum, making it easier for students to obtain a PR visa and relocate to Canada.

Why study Masters in Engineering Management in Germany?

International students can also pursue an MEM at prestigious universities including Technical University Berlin, HTW Berlin, Technical University Munich, and the Hamburg University of Technology. A bachelor's degree in engineering and scores on the IELTS, TOEFL, or another German language test are required for admission to an MS program in Germany, which costs between one and two lakh euros (course fees for one year).

1. An MBA from any country is a very generic field for engineering students because of its strict admission standards and greater cost of tuition.
2. Only business strategy, laws, and management are included in MBA programs.
3. MEM, on the other hand, blends engineering and business with a focus on technical production, design engineering, product development, and other areas.

Masters in Engineering Management subjects

An MBA from any country is a very generic field for engineering students because of its strict admission standards and greater cost of tuition. Only business strategy, laws, and management are included in MBA programs. On the other hand, MEM blends engineering and business with a focus on technical production, design engineering, product development, and other areas. There are several sorts of degrees available in MEM.

Electives offered across 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

Core or required courses differ at every university, but popular examples include Leadership and Organizational Behavior, Strategic Management, Accounting, and Finance, and so on.

Also read: MBA in the UK 2023: Eligibility, Fees, Cost, Jobs, Universities Requirement for Indian Students

Various degrees available in Masters in Engineering Management

International students can choose from many degree options available to study a master's program in Engineering management:

• A master in engineering management: MEM
• A branch of engineering with management: MEng
• Business administration with engineering management specialization: MBA in Engineering Management
• An applied science master’s with engineering management: MA.Sc. Engineering Management.

Engineering graduates who desire to advance in their company's management structure frequently pursue this degree. As implied by the name, it only applies to students who have engineering backgrounds and can work through the course's technical requirements. The sole prerequisites for this course are an undergraduate engineering degree and the minimum enrolment percentage.

MS in engineering management syllabus

Here’s a list of a few subjects covered in MEM-

• Statistics and Probability
• Managerial Economics
• Operations Management
• Technology Management
• Accounting and Financial Management
• Project Management
• Data Analysis
• Engineering Systems Simulation
• Design Project Management
• International Business Management

Also read: Cheapest MBA in the UK for International Students 2023: Tuition Fees, Universities Requirements, Durations

Duration of Masters in Engineering Management:

The length of the (MEM) program will vary depending on the college or university you decide to attend. A full-time program could take anywhere from 12 to 24 months, although a part-time or online program could be finished in 6 to 9 months or even a full year.

Cost of studying the Master's in Engineering Management (Country-wise)

The tuition fee for a MEM program will depend on the 3 factors (in general) that are:

• Duration
• Mode
• University/ College/ Country

An approximate cost of the MEM course, country-wise:

Top Universities for Masters in Engineering Management

1. Purdue University
2. Cornell University
3. RWTH Aachen University
4. Tsinghua University
5. University of Auckland
6. The University of Melbourne
7. Brunel University London
8. Johns Hopkins University
9. University College London
10. University of Windsor
11. Massachusetts Institute of Technology
12. Northwestern University
13. Duke University
14. McGill University
15. University of Ottawa
16. Dartmouth College
17. University of Southern California

Job opportunities & Salaries after Masters in Engineering Management

Companies prefer applicants with strong business and engineering expertise over candidates with pure engineering skills in today's complex 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, quality control, and other areas.

Leading employers for MEM graduates worldwide include IBM, Google, Bloomberg, Deloitte, Apple, Amazon, General Motors, Goldman Sachs, and others. Due to their strong technical and management skills, MEM graduates usually advance quickly to senior management and leadership positions.

A MEM or MSEM graduate's normal pay is majorly dependent on the university, the candidate's academic and experience background, the employer, the location, and so on. Graduates from prestigious colleges can expect to earn between $70,000 and $90,000 per year. Applicants should therefore make an informed decision about which university to attend.

The MS in engineering management program is for you if you have a passion for technology and strong business and decision-making abilities that will help you tackle challenging issues. Moreover, there is no need for employment or professional experience because the MS in engineering management is intended for young engineers and science lovers.

Also read: Top 10 Countries with Free Education for Indian & International students