Is a Master's in Engineering Management Worth It?
Earning a masters degree in engineering management will allow students to further their knowledge and prepare for their future engineering careers. Learn more about master's degree program information and other details below.
How to Earn a Master's Degree in Engineering Management
Earning a master's degree in engineering management will typically take two years to complete. Some common courses that students can expect to see when in this master's program include Organizational Behavior, Engineering Management Strategy, and Technical Project Management.
Decision and Risk
This course is designed to help students learn to assess different engineering decisions to determine the risks associated with them. This course will also help students to identify potential problems that may arise in different engineering project areas. Upon the completion of the Decision and Risk course, students should also be able to effectively resolve potential problems and risks that arise during the engineering process.
This course will help students to learn and pick up on, both group and individual behavior in organizations. This will give future engineering managers the tools that they need to motivate employees and know how to reward them when their performance is good. This course will also teach students about conflict resolution, an important skill that will be needed upon entry into the workforce.
Engineering Management Science
The Engineering Management course is designed to help students learn ways to manage problems and come up with solutions. This class will provide students with knowledge on scheduling, managing and controlling inventory, and also distribution. Lastly. The class will provide models using mathematics to show optimization and project forecasting that students may find useful in their future careers.
Technical Project Management
The main objective of this course is to teach students how to create project plans for detailed construction projects. In addition, students will also learn how to analyze these projects. This course will also help students to get a better understanding of the type and size of projects that they may be managing in the future.
In this course, students will learn how to determine the feasibility of potential projects. It will also teach students how to estimate and predict project budgets. Lastly, this course will teach students how to calculate and use accounting aspects such as supply and demand and return on investment.
Engineering Management Strategy
This course is typically one of the last that master's students will take over the course of the program. This is usually the course where students complete their capstone assessment and present their projects to college or university staff. The capstone assessment will assess the skills that students have learned over the course of their master's degree program.
Admittance Requirements for Engineering Management Master's Programs
When looking to admittance into a master's program for engineering management, there are a number of different requirements. First, students will need to have earned an undergraduate degree in either science, mathematics, physics or engineering. In addition to this, students will also need to have at least three years of work experience. As a part of their work experience, students will need to demonstrate that they have the necessary skills for managing engineering projects.
Industrial Management Engineer
Industrial management engineers are responsible for overseeing large, industrial projects, and they will supervise a team of engineers for these projects along with offering insight and suggestions to engineers as they work to complete projects and eliminate wastefulness during the production process. Those with a master's degree in engineering management will fit well in this position because they have the ability to manage projects and they also have an engineering background, making it easier to communicate with the engineers on the manager's team.
Cost Systems Analyst
Cost systems analysts can work in different environments to help companies identify the cost needs for projects. They will also help companies find the best ways to meet the cost needs for a project in the most cost-effective way for the company. Those holding a master's degree in engineering management have learned how to calculate different cost estimates for projects and return on investments, so they will be qualified for this position.
Construction Management Engineer
A construction management engineer works to oversee a variety of different construction projects. These projects could consist of everything from building commercial buildings to electrical work in an existing building, and these managers are responsible for tasks such as inspections at construction sites, managing the costs of construction and labor, and leading teams. Students who have earned a master's in engineering management have learned how to manage projects for construction, determine the staff needed, and hire them, so those with an engineering management degree will fit well in this position.
Senior Lead Analyst
Senior lead analysts are responsible for managing a team of analysts. These analysts can work in different environments like computer technology and scientific fields, and they also oversee their team's research and what they find. Throughout the course of earning a master's degree in engineering management, students learn how to manage a team of individuals that are assigned to a project, thus preparing them for a job as a senior lead analyst.
Engineering Project Manager
Engineering project managers typically work with a team to complete different construction and engineering projects. These managers are responsible for planning, overseeing workers, ensuring timely completion of projects, and delegating tasks to employees. These managers work in a fast-paced environment and utilize all of the skills acquired over the course of earning a master's degree in engineering management.
|Career Title||Median Pay*||Job Growth*|
|Industrial Management Engineer||$87,040||8%|
|Cost Systems Analyst||$76,220||4%|
|Construction Management Engineer||$93,370||10%|
|Senior Lead Analyst||$ 83,610||14%|
|Engineering Project Manager||$140,760||3%|
*Bureau of Labor Statistics - BLS
Earning a master's degree in engineering management can take around two years after the completion of an undergraduate degree and three years of job experience. Even though this may seem like a fair amount of time, earning a master's degree can open a number of possibilities when it comes to potential jobs later down the line.