What is MEM
An Overview of the degree Masters in Engineering Management, abbreviated as MEM is a specially designed degree for 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.
Average Masters in Engineering Management Salary
The average salary for the students from some type of Business Schools after completing the MEM degree was around $90,000 per annum. The figures mainly fluctuate depending on the firm and the cities.
Why should I apply to the 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 the management of the engineering process, thus making good use of the engineering knowledge of the students. The core curriculum for the Masters in Engineering Management covers marketing to 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 technology firms. The MEM degree, as mentioned, again and again, is designed to optimize the technical processes, which makes it stand out among the available management degree for engineering graduates.
What do I need before I join MEM? As mentioned above, a Master's in Engineering Management is a degree for engineering graduates. So, it is expected that the student has appropriate knowledge of his engineering field. The students from the 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 behavior, economics, finance, and leadership, etc. It does not specifically focus on technology either its focus on core business and marketing concepts.