After graduation, every engineer must decide between gaining more practical knowledge and continuing their education. The most common career path for millennials today is higher education, and earning a master’s degree in a field that aligns with one’s interests and professional objectives is just as significant as earning the degree itself. A master’s degree is now a crucial component of one’s career, not only because it provides the student with more specific information about the course they are interested in, but also because it gives them a sense of accomplishment and respect in their field. While there are many branches and courses available to engineering students, an MS in Engineering Management is a new option that will soon be available.
What does an MS in Engineering Management entail?
MEM, or Master of Engineering Management, is a degree program created especially for engineering graduates to strengthen the relationship between management, technology, and engineering. The main focus of the course is on using enterprise management tools to manage and optimize the outcomes of engineering processes. Engineering graduates who want 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 are able to work through the course’s technical requirements. The only prerequisites for this course are an undergraduate engineering degree and the minimum enrollment percentage.
MS in Engineering Management Syllabus
Enlisted below are some of the common subjects covered are-
- 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
The MEM program is multidisciplinary and all-encompassing. To advance in their areas of specialization, students must complete a number of core and specialized courses, choose electives, and complete mandatory internship modules. These are listed below:
- 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 Behavior
- Strategic Management
- Business Accounting
- Finance, etc.
Career and Jobs after Masters in Engineering Management
A master’s degree in engineering management might be right for you if you enjoy building things, managing projects, and finding solutions to issues. Engineering management master’s degrees can help you get ready for a variety of jobs that require management, building, and technical design skills.
Master of engineering management jobs are positions reserved for those with master’s degrees in engineering management. Engineering management master’s degree candidates develop their technical and leadership skills. Master’s degrees in engineering management help graduates get ready for managerial roles and higher-level engineering positions in the engineering sector or related industries like architecture or construction.
Most students who pursue master’s degrees in engineering management already have some engineering experience.
1. Project engineer
A project engineer oversees the technical staff on engineering projects within their organization, making sure that projects are finished on time, within budget, and in accordance with project specifications.
Average Salary- US $75,490
2. Project Director
In any specific undertaking, a project manager is a qualified individual in charge of the project’s planning, acquisition, and execution. As a result, they are not actively involved in the project’s creation. Nevertheless, they work to maintain progress and teamwork among employees and ensure that project failure is kept to a minimum by assessing the risks and encouraging maximum profit and minimum loss.
Average salary- US $73,487
3. System/Cost Analyst
A cost analyst is a specialist who examines a company’s expenses or the use of its resources and then presents its findings to management for control and decision-making.
A systems analyst is a person who uses design and analysis methods to use information technology to solve business problems.
Average Salary- US $75,964
4. Operations Supervisor
An operations manager oversees the planning, organizing, and control of the manufacturing process as well as the redesign of business processes involved in the creation of goods or services. He is in charge of making sure that businesses operate smoothly and effectively in terms of resources and client needs. Processes, along with supply chains, marketing, finance, and human resources, are important aspects of an organization.
Average Salary- US $92,484
5. Technical Supervisor
A person with strong managerial abilities and advanced technical skills is a technical manager. He ought to be able to manage the development and implementation of any system through all process steps, as well as troubleshoot any technical problems that may arise in relation to business systems.
Average Salary- US $98,672
6. Application Engineer
An application engineer’s main goal is to make their client’s software and systems better. These improvements might involve developing new hardware or software components or optimizing already existing software programs. The majority of application engineers work for companies that develop applications for a variety of clients in different industries.
Average Salary- US $86,233
7. Structural Engineer
Structural engineers plan, design, and construct the tangible parts of a construction project. The foundation, beams, columns, and arches are a few examples of structural components in a building project. A structural engineer can oversee construction sites, determine the weight loads of different structural components, and secure the necessary permits before construction even starts.
Average Salary- US $87,405
8. Automation Engineer
Automation refers to technological systems that run with little to no human intervention, and automation engineers, like process engineers, are in charge of the procedures and equipment associated with automation. On the other hand, software systems and programs are more likely to be the focus of automation engineers’ work than actual manufacturing machinery.
Average Salary- US $88,841
9. Engineering Project Manager
An engineering project manager is a project manager with expertise in engineering systems and tools. Engineering project managers and project engineers collaborate to ensure that teams successfully complete a variety of engineering projects. Project engineers, on the other hand, are in charge of the routine tasks related to a specific project.
Average Salary- US $99,339
10. Hardware Engineer
A hardware engineer also referred to as a computer hardware engineer, is someone who researches, creates, tests, and keeps track of hardware-related systems and equipment. Hardware components used in computer devices and operations include routers, processors, circuit boards, and memory devices. The duties of a hardware engineer include managing the development of computer systems, resolving IT problems, and assisting businesses.
Average Salary- US $106,709
One of the most popular courses for aspiring graduates is engineering management. Since so many students major in engineering at the undergraduate level, they typically pursue MEM at the graduate level because they realize that managerial ability is now a necessary requirement in the job market. You have a distinct advantage over other technical job applicants if you have a MEM degree.
A MEM degree is sufficient to enable you to earn a sufficient living. But earning the same degree from a prestigious international university is the cherry on top. Top recruiters for placement at prestigious universities seek out people who are passionate and hardworking. So it won’t be untrue to state that earning a MEM degree from a prestigious university will ensure a six-figure income.