Dual MBA & Industrial Engineering Degree Programs

Several schools offer a dual-degree pathway for students to earn both an MBA and an MS in Industrial Engineering. Completion of these programs typically take 2-3 years, and enable individuals to work in a variety of positions. Read more below. Schools offering Industrial Engineering degrees can also be found in these popular choices.

How to Earn a Dual MBA and Master's in Industrial Engineering

Programs for acquiring both an MBA and a Master of Science in Industrial Engineering can be completed in two years if applicants hold a business or engineering bachelor's degree, and most schools will require an applicant to hold their degree in one of those areas before admittance. Courses covered within these dual-degree programs often include those listed below.

Marketing

In a marketing course, students learn the main aspects of creating and maintaining marketing ventures. Students may analyze an organization's market opportunities and assess how to market the organization efficiently to expand customer familiarity and favorability. Typically, students will also become familiar with the legal and ethical issues that apply to marketing.

Financial Statement Analysis

Courses in financial statement analysis discuss methods and reasoning for analyzing financial statements. Students will learn how to review and understand financial statements as well as how to conduct performance measures using those statements. Topics covered may include equity valuation, earnings assessment, company comparison using ratios, and earnings forecasts.

Ethics and Social Responsibility

Virtually all programs will include a course on ethics or social responsibility in which students learn how to use critical thinking skills and processes of reasoning. Students will come to understand how to apply these skills in their decision-making in ethical ways. Future leaders should be able to not only think critically but be able to act on their conclusions when necessary. Students will typically develop the skills to complete appropriate actions by studying current events and practicing situational decisions.

Production Systems

In production systems courses, students learn about the many aspects of factory operations and how those affect performance measures. Students learn inventory, ordering, operations and how to increase production using different methods. In some programs, this course may also include some aspects of supply chain management instead of having a separate SCM course.

Supply Chain Management

Within a supply chain management course, topics surrounding the stages of supply chains and their characteristics are covered. Students will learn about inventory, integrating supply chains, distribution and outsourcing. Additional topics covered may include collecting information for performance analysis, strategies for alliances and risk management.

Engineering Simulation

Simulation courses discuss engineering systems modeling and variables that may affect those systems. Students learn how to utilize networks for event simulations. Topics covered may include routing, resources, and logic of simulation assembly.

Regression Analysis

In regression analysis or linear courses, students learn research models for engineering systems. Mathematical programming and diagnosing are discussed, as well as models for inventories and queues. Some programs may consist of multiple classes with some linear or regression components, while others may feature a single course.

Admittance Requirements for an MBA and Industrial Engineering Graduate Program

Because an MBA and MS in Industrial Engineering are completed through different college departments, most schools will require students to apply to both departments. Generally, schools require applicants to hold a bachelor's degree in engineering or a business-related field and have a GPA of at least a 3.0. If students have certain college credits from their undergraduate work, schools may allow a certain number of graduate courses to be waived. Additionally, many schools require a GMAT or GRE, as well as professional references.

What Can You Do with an MBA and Master's in Industrial Engineering?

Engineering Manager

An engineering manager plans and coordinates employees and budgets for engineering companies. Many companies prefer an applicant to have a master's degree unless they have significant experience to supplement a bachelor's degree. By completing an MBA and industrial engineering program, applicants will have extensive knowledge of both engineering topics and management methods.

Materials Engineer

Materials engineers typically require a bachelor's degree for an entry-level position, or a master's for a higher position. A materials engineer creates and tests materials that are used to make a large range of products, depending on the company that they work for. Within a graduate program, students learn about materials, production, and supply chains, enabling them to understand the job duties assigned.

Postsecondary Teacher

A master's degree qualifies one to teach at the college level in most cases. The knowledge gained during the master's program enables an individual to teach students in early engineering and business courses.

Industrial Engineer

Industrial engineers work to increase production efficiency and eliminate waste of time, materials, and costs. Most candidates require at least a bachelor's degree, but many employers prefer a candidate with a higher degree because of the various topics and technical knowledge required for the position.

Logistician/Supply Chain Manager

A logistician analyzes and coordinates supply chains for an organization. They are responsible for managing the life cycle of a product, from acquisition to delivery. An MBA and industrial engineering degree not only provides job seekers with extensive knowledge of supply chain topics and procedures, but they enable applicants to articulate their knowledge through their educational background.

Job Title Median Salary (2018)* Estimated Job Growth (2018-2028)*
Engineering and Architectural Managers $140,760 3%
Materials Engineer $92,390 0%
Postsecondary Teacher $78,470 11%
Industrial Engineer $87,040 8%
Logistician $74,600 5%

Source: *U.S. Bureau of Labor Statistics

Within two to three years, students can earn an MBA and MS in Industrial Engineering by completing a wide range of courses covering both business and engineering topics. After receiving these degrees, an individual can work in a large variety of fields including engineering, management, and education.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

  • 1. Degree Options:
The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

Popular Schools