There is been always a battle between MBA and MEM, making a choice between them is always a tough task but career goals define the whole objective to make a decision. Choosing between an MBA and Masters in Engineering Management all depends on the career goal priority and bachelor’s background as well.
What is MBA?
MBA is considered the most popular degree worldwide. This programme gives a holistic view and experience of management and organizational business. MBA programme is a well-recognized degree worldwide providing industrial exposure and transforming the raw potential into opportunities.
Many top colleges or universities of the world have very stringent criteria for taking admissions like a certain amount of work experience, strong professional achievements, academic distinctions etc. The world-class MBA degree specifically targets the work-experienced professional who wants further career development by adding practical business, management, and leadership skills. The only declining factor for MBA is that the elite B-schools don’t consider fresh graduates for this programme.
MBA is an ideal degree to boost career to the next step. This can be in terms of switching career field, promotion, high paying job opportunities etc.
MBA degree provides:
Strong and adequate experience in business foundation concepts.
Industrial exposure via internships, live projects etc.
Strong business and management core knowledge.
MBA programmes all over the world are of different variants like Full-time MBA, Part-time MBA, Distance MBA, Online MBA, etc., and you can choose the one according to your requirement.
The world’s top MBA colleges are Harvard, Stanford, LBS, HEC Paris, etc.
What is MEM?
As its name suggests, it is an engineering degree and this program is designed to enrich the blend of advanced technical courses with core business courses and is considered as best fit for today’s technology companies with a core curriculum in economics, operations, and marketing.
MEM gives you an advantage of business acumen in strategy, marketing, and finance much similar to an MBA, with technical background and knowledge as well.
While MBA gives only the business administration, marketing, and leadership aspect, this program is designed to cover the wide variety of business aspects like accounting, operations, organizational behavior, economics, finance, and leadership, etc. It does not specifically focus on technology but focuses on core business and marketing concepts as well.
MEM program is very specific for those who have hands-on technology or engineering education background and want a career boost with management and engineering experience and knowledge both.
The syllabus has been comprised of technology and business courses. Engineering Statistics, Project Management, Foundations of Engineering Management, Quality Systems, Six Sigma, Information Systems Engineering.
MEMPC (Master of Engineering Management Programs Consortium), The Master of Engineering Management (MEM) consortium is a highly selective and elite group of professional graduate programs to provide the right programs for the right candidate.
MEMPC members:
- Cornell University
- Dartmouth College
- Duke University
- Johns Hopkins University
- Massachusetts Institute of Technology
- Northwestern University
- Purdue University
- TUFTS University
- University of Southern California
