Masters of Engineering Management

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.

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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.