Engineering Management Degree

Engineering Management (also termed Management Engineering), is a contemporary professional field that aims to combine the fields of engineering with business studies. The primary objective of Engineering Management is to offer a blend of problem solving expertise to engineers and develop planning, administrative and organizational skills that business managers require to oversee the complexities of an enterprise, from conception all the way to completion.

Engineering Management Degrees

When it comes to finding Engineering Management Degrees, be sure not to find anything below the undergraduate category. It is available as the Bachelor of Engineering Management (BEM) at undergraduate level and Master of Engineering Management (MEM) degree program at graduate level. Available as an academic or even a professional master’s degree, it aims is to bridge the gap that lies between business and engineering fields.

This qualification is typically pursued by professionals of the engineering field and scientists who wish to get extensive management training in their field. The Engineering Management Degrees can be studied with engineering and science prerequisites as well as prerequisites in finance related studies.

Major Courses

Engineering Management Degrees offer courses that are focused primarily on technological areas. The first half of this qualification concentrates more on the business administration courses. This provides students a comprehensive insight into this rapidly developing field.   Following are some of the popular Engineering Management courses.

Management Science

Management science helps engineering managers make prudent business decisions. In a management science course, they will learn how to apply elementary statistics for presentation, analysis, and interference. Besides, they will acquire skills of design, data analysis, financial planning, and project planning to make and present management strategies. Engineering managers also learn about basic economic theories, global markets, types of engineering organizations, and relevant software available for engineering management.

Engineering Mathematics

The course of Engineering Mathematics includes all useful areas of mathematics that are applicable in the engineering industry. Students will learn about basic algebra and specific mathematics required in the engineering field. Major course topics include elementary calculus, differential equations, Taylor series, iterative methods, vectors, complex numbers, simultaneous equations, and matrix algebra. The content is customized so that it can be delivered in an engineering context.

Operations management

Operations management emphasizes on creating operational efficiency, so that minimum resources are used to achieve maximum output. In this course, students learn to supervise, design, redesign, and control the processes of production.  They acquire a sound understanding of topics such as metrics in operations management, production systems and their configuration, safety and risk issues, and  analytical and simulation modeling.

Decision Engineering

Decision Engineering helps professionals make organizational decisions based on engineering principles. This course enables students to acquire knowledge and skills related to structural decision making such as following objectives, developing specifications, making a decision model using advanced analytics techniques, and using quality assurance and process improvement when necessary.

Business Statistics

Business Statistics helps students have a more management focused approach in decision making.  Students learn to interpret data by making use of statistical techniques and apply these techniques on a number of business processes. Major topics in the course include applied statistics, descriptive statistics, time series, probability, testing hypotheses and confidence intervals, linear regression and correlation.

Engineering Statistics

The course Engineering Statistics makes use of statistical models to work on scientific and engineering problems. Statistical techniques used for data analysis include hypothesis testing and planning for the optimization of a process or product. Major topics covered in the course include time and methods engineering, reliability engineering, quality and process control, probability and system design, and system identification and design of experiments.

Accounting for engineers

Accounting courses for engineers are designed for both basic as well as advanced accounting concepts and analysis used in the engineering field. Students acquire knowledge on how to prepare, understand, and analyze standard financial statements and information. They also learn how to use these statements to make informed business and financial decisions. Students may also acquire skills for budgeting, planning, and cost-volume-profit analysis. Besides, they gain knowledge about the generally accepted accounting principles and know the role of accounting in business.

Human Resource Management

A vital function of human resource management is to enhance employee performance and satisfaction to meet the strategic objectives of an organization. Students will learn about the different functions of human resource management such as employee recruitment, performance appraisal, training, development, salary and benefits, industrial relations, and employment law. Students may also gain an insight on issues such as succession planning, diversity, employee turnover, and organizational psychology.

Online Engineering Management Degrees

In the modern environment we all suffer from time constraints. To deal with these constraints as well as provide you with the ease of studying in the comfort of your home, Online Engineering Management Degrees are doing wonders. With the online variant (also known as distance learning), you can get high quality education at home or even at your workplace. It is considered to be a perfect alternative for single parents and employed students. Another advantage of the online Engineering Management degree is that it may be comparatively cheaper than campus based education.

Engineering Management Careers

Engineers can be ideal candidates for management positions due to their exceptional problem solving skills. Those engineers who have the rare combination of management skills and knowledge of technical processes do not have much trouble entering a career of their choice. With a quality engineering management degree, they have more chances of acquiring a challenging and rewarding career. According to the Bureau of Labor Statistics, the median annual wage for engineering managers was $124,870 in May 2012.

The following top five industries hire the highest number of engineering managers.

• Architecture, Engineering, and Related Services
• Navigational, Measuring, Electro medical, and Control Instruments Manufacturing
• Scientific Research and Development Services
• Electronic Component Manufacturing
• Management of Companies and Enterprises

The following industries are known for paying engineering managers the highest salaries.

• Spectator Sports
• Oil and Gas Extraction
• Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
• Scientific Research and Development Services
• Professional and Commercial Equipment and Supplies Merchant Wholesaler

The demand for engineering managers generally depends on the growth of a particular industry. For instance, the engineering service industry is likely to grow at 21 percent, during the years 2012 and 2022, adding a large number of engineering managerial jobs. The civil, mechanical, and electrical engineering services provided by the industry, are required in several projects for the repair and expansion of the country’s infrastructure.