The Master in Engineering Management (MEM) programme is a curriculum created especially to give engineering graduates the exposure they need to bridge the management, technology, and engineering knowledge gaps. After Core Engineering, it is one of the degrees that aspiring engineers seek out the most. This degree qualifies engineering graduates for higher management positions within an organization.
It is common knowledge that recent graduates want to lead secure professional lives. My one and only goal when I was a recent graduate was to land a job at a reputable MNC and make a good living. However, nowadays, in order to succeed in the corporate world, one must be multi-skilled. Most top organizations and businesses favor hiring individuals with both technical and managerial aptitude.
The conventional wisdom was that earning an MBA was the surest path to a high salary after graduation. But it is no longer valid. Recent years have seen a significant increase in demand for degrees like master’s in management, finance, engineering management, business analytics, etc. They have proven to be a viable substitute for the same.
Master of Engineering Management is the newest to take over. MEM is a graduate degree that offers a solid combination of business and management knowledge and skills along with advanced technical knowledge and skills. This degree is typically intended for engineers who have a natural aptitude for management and leadership in a work environment. Engineering management, to put it simply, is a multidisciplinary field that involves the application of business techniques and management know-how to tech firms, products, or engineering procedures.
Here is the list of careers in MS in Engineering Management
A project engineer is someone who manages the technical staff on engineering projects within their organization, making sure that projects are finished on time, on budget, and in accordance with project specifications. Their main duty is to make sure the task is completed effectively and to facilitate communication between the project manager and the technical team members.
Typical Salary: $75,490 USD
A project manager is a professional who is in charge of organizing, procuring, and carrying out a specific project. 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.
Typical Salary: $73,487 USD
A cost analyst is a specialist who examines a company’s expenses or the use of its resources and then presents their 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. Systems analysts can act as change agents by identifying the organizational adjustments that are required, designing the systems to carry out those adjustments, and motivating others to use the systems.
Typical Salary: $75,964 USD
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. The management of both strategic and ongoing production of goods and services is a requirement of the operations function.
Typical Salary: $92,484 USD
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.
Typical Salary: $98,672 USD
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 programmes. The majority of application engineers work for companies that develop applications for a variety of clients in different industries.
Typical Salary: $86,233 USD
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. Depending on where they want to work, a structural engineer may need to obtain a specific state license in structural engineering.
Typical Salary: $87,405 USD
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 programmes are more likely to be the focus of automation engineers’ work than actual manufacturing machinery. Automation specialists help clients in a variety of industries by minimizing computer errors, resolving issues, and enhancing software development. They, among other things, run quality assurance (QA) tests on software programmes, look for system flaws, and install applications that are related to automation.
Typical Salary: $88,841 USD
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. Engineering project managers, meanwhile, are in charge of the overall or long-term operations of the project, including cost estimation, staffing, and direct contact with the client regarding expectations or project updates.
Typical Salary: $99,339 USD
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. A hardware engineer’s duties also include evaluating computer products, assisting businesses with the installation of new hardware, and managing the production of computing systems.
Typical Salary: $106,709 US
It will be useful to contrast a course like a Masters of Finance programme with one that is highly regarded by students all over the world in order to better understand its advantages. As a result, we will contrast a master’s in business administration with a master’s in finance in this article.
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.