Masters of Engineering Management

1. Project Management

Project management is the professional practice of managing an engineering project during the different phases of its development. Without a project manager, the task of connecting different phases of a project such as initiating, planning, executing, controlling, and closing would be a difficult task. Project manager also works as a communication bridge between different teams working in different areas of project which makes him/her the project leader.

All industries have their projects, and to manage them, they need project managers. As per the report of the Project Management Institute (PMI), employers will need to fill nearly 2.2 million new project-oriented roles each year through 2027.

2. Business, Entrepreneurship, and Technology

Specialization in Business, Entrepreneurship, and Technology is for people who are bright, ambitious, creative, and are not afraid of taking risks. It is an interdisciplinary field of specialization whose main focus is on the commercialization of entrepreneurial and innovative ideas. The course equips students with the business knowledge and skills necessary to transform their entrepreneurial vision into reality.

Entrepreneurial skills are one of the most sought after skills in today’s job Market. Companies such as Microsoft, Google, Amazon, Facebook recruit people with such skills on a regular basis and these recruitments are only to increase in the future as these companies gear up to expand on a global scale.

3. Safety Management

Safety Management is the application of business management principles to guarantee the safety of any professional environment. Many heavy industries today are also high-risk industries wherein the aspect of safety is crucial. Safety management is used in industries such as aviation, shipping, petroleum, power generation, and others. Without absolute guarantee of safety, these industries are prone to losing everything in no time. In order to deliver such guarantee, we need a systematic approach and Safety Management is exactly that approach.

According to the U.S. Bureau of Labor Statistics, we can expect employment in the sector of Safety Management to grow at 8 percent  from 2016 to 2026. This sector is expected to expand in the coming days as the norms and regulations related to employee and environment safety are getting tighter all around the world.

4. Technology Management

Technology Management is the practice of utilizing multiple management disciplines to make sure that a given organization has a competitive edge in terms of technological capabilities. The main task of Technology managers is to understand the value of different types of technologies in a given organization. Specialization in this program usually covers instruction in production and operations management, project management, computer applications, quality control, safety and health issues, statistics and general management principles.  

People who understand how to manage technology in a world where technology is changing at a fast pace are invaluable assets to their respective organizations.

5. Engineering Entrepreneurship

Engineering Entrepreneurship is the application of engineering principles to create a solution for entrepreneurial businesses. It combines knowledge from the fields of business administration, Industrial Engineering, and information technology to commercialize entrepreneurial ideas. To make a long story short, we can say that specialization in Engineering Entrepreneurship offers a wide range of programs and events that will deepen your understanding of business principles from an engineering perspective.

With Specialization in Engineering Entrepreneurship, you can either start your own business or get a job in the industry.

6. Engineering Leadership and Innovation Management

Specialization in the field of engineering leadership and innovation management aims to provide professionals with knowledge and skills in the key aspects of engineering business: leading teams, identifying new business opportunities, working across international and cultural boundaries, effectively managing projects, and championing internal innovation. It also helps you develop abilities to come up with project management strategies for the lead engineering teams to solve complex engineering problems.

Global Rank

1. Business Analyst

A Business Analyst is a professional who studies business model of any organization in great detail and then implements cost effective and efficient technological solutions. So they work as a bridge between business problems and technological solutions. Business Analysts work in many sectors of industries such as finance, banking, insurance, telecommunication, software services, civil services, and so on.

According to the U.S. Bureau of Labor Statistics, employment of business analysts is projected to grow at 14 percent from 2016 to 2026, faster than the average for all occupations. As markets become more competitive, firms will need to use resources more efficiently. The demand for business analysts is expected to grow in this light as organizations seek ways to improve the efficiency of their operations and control operational costs.

2. Consultant

A consultant is a professional who helps organizations improve its performance. Consultants also help identify the problems and put forward recommendations for more effective or efficient ways of performing work tasks. Most companies hire consultants for their industry insights, problem solving abilities, and logical objectivity. The ‘Big Four’ accounting firms PriceWaterhouseCoopers, KPMG, Ernst & Young, and Deloitte are the biggest employers of consultants worldwide. The job of a consultant is one of the highest paid jobs in the management sector in general.

3. Project Manager

A Project Manager is a professional in the field of management who is responsible for the planning, procurement, and execution of a project till the very end. They don’t interfere in the projects directly but rather maintain the progress, mutual interaction between different team members, and tasks of various members to reduce the risk of failure, maximize profits, and minimize costs. They are responsible for ensuring that everyone in the team knows and executes his or her role, feels empowered and supported in the role.

They are needed in all kinds of organizations regardless of their size and scale.

4. Industrial Engineer

An Industrial engineer is an engineering professional whose main task is to optimize complex processes, systems, or organizations by developing, improving, implementing, and coordinating systems of required resources. They use their specialized knowledge and skills in engineering to specify, predict, and evaluate the results obtained from systems and processes. Their ability to adapt to situations allows them to engage in activities that are useful to a variety of enterprises.

According to the U.S. Bureau of Labor Statistics, the employment of industrial engineers is projected to grow at 10 percent  from 2016 to 2026 which is faster than the average for all occupations. Many companies will be seeking to make use of new technologies to automate production processes in many different kinds of industries including manufacturing industries. Those with knowledge of manufacturing engineering may find better prospects for employment.

5. Job Prospects

MEM graduates are in great demand in manufacturing industries nowadays, and we can expect this demand to grow as more and more companies move toward automation. According to the U.S. Bureau of Labor Statistics, the employment of engineering managers is projected to grow at 6 percent from 2016 to 2026 about as fast as the average for all occupations. Engineering managers are involved in the financial, production, and marketing activities of their firm, and therefore, a degree of masters in engineering management would prove beneficial for those seeking management positions. However, these jobs are highly sought after and candidates may face competition while finding employment in these fields.