A Master’s in Engineering Management (MEM) is a graduate level degree that combines elements of engineering, business, and management to prepare students for leadership roles within the engineering industry.
What do they actually teach in MeM?
It’s simple, MEM programs integrate engineering principles with business and management concepts. Students learn to bridge the gap between technical expertise and managerial skills. Main topics include,
- Engineering economics
- Supply chain management
- Quality Management
- Innovation Management
- Product Management
- Project Management
- Introduction to Venture Finance
Students not only learn the general subjects taught in MBA & MiM but also cover topics which are help them innovate and execute on a large scale. Check out, MEM VS MIM!
Is MeM the right course for you?
Choosing between an MEM (Master in Engineering Management) and an MBA (Master of Business Administration) should be based on your career goals, interests, admission requirements, program content, career prospects, and budget. Here are some key considerations for making this decision:
- Educational Background: MEM programs are typically designed for science and engineering graduates with a strong foundation in technical subjects, while MBA programs are open to graduates from various disciplines.
- Cost and Experience: MBA programs are often more expensive and are geared toward candidates with significant professional experience. MEM programs are suitable for younger candidates with limited or no work experience.
- Curriculum Focus: MBA programs cover a broad range of topics and may or may not emphasize technology. If you aspire to higher-level business management and leadership roles, an MBA may be the better choice. In contrast, if you want to combine technical expertise with strong business and decision-making skills to tackle complex problems, MEM is a more suitable option.
Check out in detail, MEM vs MBA.
What are the typical jobs after MeM?
Here are the types of jobs MEM graduates with approximately 2 years of experience commonly pursue:
- Technology Consultant
- Operations Manager:
- Supply Chain Manager
- Senior Technical Analyst
- Program Manager
- Product Innovation Manager
- Structural Engineer
- Engineering Project Manager
- Project Engineer
Your future job role may heavily depend on your engineering specialization unless you choose different electives during your MEM. Salaries and locations for these roles vary, promising a compelling starting point for your career trajectory.
Pros of MeM
Master’s in Engineering Management (MEM) is an excellent choice for individuals who aspire to become leaders or managers in their chosen field of engineering or technology.
- Versatility: MEM graduates possess a combination of engineering and management skills, making them versatile professionals who can work in various industries and roles.
- Career Advancement: MEM can enhance career prospects by opening doors to leadership and management roles within engineering and technology organizations.
- Higher Earning Potential: With the combination of technical and managerial expertise, MEM graduates may command higher salaries compared to those with only a technical background.
- Problem-Solving Skills: MEM programs emphasize critical thinking and problem-solving, enabling graduates to tackle complex engineering challenges effectively.
Cons of MeM
Master’s in Engineering Management (MEM) may not be the right choice for you for the following reasons,
- Cost: MEM programs, especially at well-known universities, can be expensive, and tuition costs can be a significant financial burden.
- Competitive Admissions: Top MEM programs can be highly competitive, making it challenging to secure admission.
- Balancing Technical and Management Skills: Some students may find it challenging to strike the right balance between technical and management coursework.
- Industry-Specific: MEM may not be as versatile as an MBA in terms of applicability across various industries, as it is more tailored to engineering and technology sectors.
Top MeM Programs of the World
Each MEM programs is designed uniquely and can be distinguished by excellence in education, faculty, and outcomes. Here is a list of our favorite Top 20 MEM programs from ft rankings 2023,
LIST OF TOP 20 MEM COLLEGES IN 2023
| MeM Ranking 2023 | University Name | Location |
|---|---|---|
|
1 |
Carnegie Mellon University |
Pittsburgh, USA |
|
2 |
Pennsylvania State University |
Pennsylvania, United States |
|
3 |
Arizona State University |
Arizona, United States |
|
4 |
Hong Kong Polytechnic University
|
Hung Hom, Hong Kong |
|
5 |
Georgia Institute of Technology |
Atlanta, USA |
|
6 |
University of Southern California |
California, USA |
|
7 |
Purdue University |
West Lafayette, USA |
|
8 |
Massachusetts Institute of Technology
|
Cambridge, USA |
|
9 |
University of Washington
|
Seattle, USA
|
|
10 |
University of Texas at Austin |
Texas, United States |
|
11 |
Stanford University |
California USA, |
|
12 |
Delft University of Technology |
Delft, Netherlands |
|
13 |
North Carolina State University at Raleigh |
Raleigh, USA |
|
14 |
University of Michigan |
Michigan, USA |
|
15 |
University of California |
Berkeley, USA |
|
16 |
National University of Singapore |
Queenstown, Singapore |
|
17 |
Texas A&M University |
Texas, USA |
|
18 |
University of Technology Sydney |
New South Wales, Australia |
|
19 |
University of Minnesota |
Minnesota, USA |
|
20 |
University of Cambridge |
Cambridge, UK |
How Much Does It Cost to Study MeM?
Tuition fees for MEM programs can vary widely. On average, as you mentioned, it can range from approximately $30,000 to $80,000 or more for the entire program. Top-tier universities and private institutions often have higher tuition costs. Also, if the program is of a longer duration, both the tuition fees and living fees will increase.
Scholarships can play a crucial role in reducing the financial burden of your education. If you’re interested in learning more about how to effectively secure scholarships, you can book a call with our founder, who is an expert in this area, to gain valuable insights and guidance.
Companies that hire MEM graduates
Top companies that hire MEM graduates across various industries include the following,
- Microsoft
- Apple
- General Electric (GE)
- Boeing
- McKinsey & Company
- Toyota
- ExxonMobil
- Johnson & Johnson
- JPMorgan Chase
- Procter & Gamble (P&G)
- Verizon
- Turner Construction
- Federal agencies (e.g., NASA, Department of Defense)
- Amazon
If the companies on the list align with your career aspirations and you aspire to work for them, pursuing a Master’s in Engineering Management (MEM) can indeed be a great choice. MEM programs often equip students with the technical and management skills needed to excel in roles at such prestigious companies. It’s essential to research MEM programs carefully, considering factors like curriculum, faculty expertise, and industry connections, to ensure that the program aligns with your goals and provides you with the knowledge and tools necessary to pursue a career with your dream companies.
Our successful MeM Admits
