MBA in Engineering Management: What you should know
Engineers use a complex mix of specialised knowledge, including science, math, design and construction to build valuable products and services for society.
Depending on their area of speciality, they may work with machines, software, systems, or structures. The engineering field is broad, and can cover a great number of fields.
If you’d like to fuse your knowledge of engineering with business acumen, the field of engineering management could be of interest to you.
What is engineering management?
An engineering manager is responsible for the overall development and completion of an engineering project.
They may take on the tasks managers would – from planning, design, hiring, training, supervising, and keeping track on inventory, to budgeting, scheduling, activity coordination, researching, and checking technical accuracy.
While the role of an engineering manager varies depending on the scale, goals, and resources of every project, the right training is a prerequisite. An MBA in engineering management can prepare individuals for leadership roles, whether you’re in the public or private sector.
What can you do with an MBA in engineering management?
An MBA in engineering management is multidisciplinary and it fuses your engineering knowledge with business acumen.
An MBA in this field can help engineers gain useful business skills. It can help you achieve a promotion, expand your area of expertise, change career, or develop the knowledge and skills to start your own business.
An MBA in engineer management will you balance your technical experties to understand both strategic and operational perspectives, which can make you an asset across a range of functions and industries.
The qualification can also be financially rewarding — the US Bureau of Labor Statistics notes that the median annual wage for architectural and engineering managers was US$149,530 in May 2020.
It’s worth highlighting that the lifetime earning statistics for MBA graduates suggest that MBA holders tend to earn significantly more than those without those degrees.
A Poets & Quants study on what MBA graduates earn over a lifetime found that MBA graduates from the top 50 business schools in the US enjoy a median cash compensation of $5.7 million after graduating and working for 35 years — premium of US$2.3 million over those with just an undergraduate degree.
Where can you get it?
A number of universities offer this qualification.
Westford University College in the UAE offers an online or onsite MBA in Engineering Management. This programme covers the broad range of activities required to lead engineering and technical personnel and projects. This distance option also has a core emphasis on managing engineering functions and processes; strategy formulation in the industry; concepts of the supply chain in manufacturing and engineering disciplines, and more.
Located in Carmel, US, Salem University’s 12-month MBA in Engineering Management is also offered online and on-campus. With this programme, learners gain competence in applying managerial theory and strategy to engineering teams and processes; the principles of effective supply chain management; making key supply chain decisions; business logistical project management practices; as well as professional integrity and ethical leadership.
In Germany, IU International University of Applied Sciences offers an MBA in Engineering Management that can also be facilitated fully online. Students will gain expert knowledge and insights into complex engineering challenges in just 18-months.