The competition in the corporate world has influenced the graduate and post-graduate education system. The private organizations pick and choose the most talented ones with practical work sense when it comes to hiring fresh graduates. For post graduates, even more so i.e. the crème de la crème.
The promotions in the corporate world look for future leaders that would lead the company to success. So, most the corporate managers have MBA degrees. In the past, that is why usually the people in Marketing side or those who have commercial experience used to gain the important seats such as CEO, Vice President, Director Etc. because it was thought that business sense and vision is more important than the technical skills.
Technical work can be done by juniors while enhancement of the business is the work of CEOs and assistant staff. This phenomenon has changed with the emergence of IT and technology in every field. Now you need to be technically sound in order to bring fresh ideas into the company. You need to have strong technical as well as business skills to expand the business. In order to achieve this, the postgraduate degree of Engineering Management also known as MEM was introduced.
What is Masters of Engineering Management (MEM)?
Engineering Management degree combines the high-level study of Engineering along with Management of Engineering. In other words, it is a superlative degree of Bachelors in Engineering along with Masters of Business Administration. The people who have a background in Engineering are eligible for this degree.
This degree is ideal for people who want to work in technology specific fields and company. Professionals who love the field of Engineering and want to climb up to the corporate ladder should apply for this degree. For people wanting to start a digital or technology business, they should choose this degree instead of MBA.
MEM and MBA: Salient Features
Following is the comparison of MEM degree versus the MBA degree:
- MEM provides expertise for Technology Project Management while MBA provides Generic Project Management.
- Both MEM and MBA provide expertise in Financial Management.
- Both MEM and MBA provide expertise in Real Life projects.
- Both MEM and MBA provide expertise in Marketing. However, MBA’s marketing is generic while MEM’s leans toward Technology/Engineering.
- Both MEM and MBA help develop interpersonal skills and communication skill
All in all, both degrees are beneficial, however, MEM specifies or relates more to entrepreneurs having a background in Engineering and wanting to pursue a technology related business. MEM is a specialized degree. Here is a video comparing MBA with MEM:
— Kenneth Lange (@KennethLange) June 22, 2017
Who should apply?
As stated above, people with a background in Engineering should apply for MEM. However, it is beneficial when you have several years of experience in the practical field whether you are working for a company or are wanting to start your own. The MEM degree is more beneficial if you have several years of real world experience as you will understand the contents and will be able to relate to your work.
MEM helps you enhance your engineering skills while also giving you the flavor of project management, financial management, and planning.