Master of Engineering Management

Last updated

Master of Engineering Management (MEM), Master of Management Engineering (MME), or Master of Science in Engineering Management (MSEM)) is a professional master's degree that bridges the gap between the field of engineering or technology and the field of business management. Engineering management (Management Engineering) is a multidisciplinary field that seeks to address problems associated with complex engineering operations or systems along with the business. MEM, MME or MSEM graduate programs are grounded in principles such as data analytics, machine learning, product management, product design, operations, and supply chain management. [1] Harvard Business Review found that in 2018 more of the top-performing 100 global CEOs have engineering degrees than have MBAs. [2]

Contents

Courses

Core courses that make up a MEM program can be found in an MBA program as well; courses such as Marketing, Intellectual Property, Business Law, Finance, Accounting and Management are examples of courses that are utilized within both an MBA program and a MEM program. [3] The focus of students engaged in a Master of Business Administration graduate program is business-centric: teaching students how to make informed decisions that would impact business (large and small), but with little or no emphasis on the technological aspects of the business. [4]

Accreditation

Until recently, there has not been an extensive amount of collaboration among different colleges and universities. However, that has begun to change with two major accreditation bodies that have sought to bring rigor and structure to the Engineering Management graduate degree programs: American Society of Engineering Management (ASEM), and Master of Engineering Management Programs Consortium (MEMPC).

American Society of Engineering Management (ASEM)

ASEM states that "program is designed to provide recognition to those programs that excel in offering education at the Master’s level that meet the rigorous standards of ASEM. It also provides an excellent mechanism to assess the state of an existing Master’s program relative to ASEM standards and is especially useful for new Master’s programs just getting started." [5]

Master of Engineering Management Programs Consortium (MEMPC)

The Master of Engineering Management Programs Consortium (MEMPC) is a dedicated group of forward-thinking universities working together to promote engineering management programs to students and organizations. [6]

Based on US News University Rankings 2024, the national rankings [7] for these universities in the consortium are as follows:

  1. Massachusetts Institute of Technology - 2nd
  2. Duke University - 7th
  3. Northwestern University - 9th
  4. Johns Hopkins University - 9th
  5. Cornell University - 12th
  6. Dartmouth College - 18th
  7. University of Southern California - 28th
  8. Tufts University - 40th
  9. Purdue University - 43rd
  10. Southern Methodist University - 89th

Related Research Articles

<span class="mw-page-title-main">Business school</span> University-level institution teaching business administration

A business school is a higher education institution or professional school that teaches courses leading to degrees in business administration or management. A business school may also be referred to as school of management, management school, school of business administration, college of business, or colloquially b-school or biz school. A business school offers comprehensive education in various disciplines related to the world of business.

A Master of Business Administration is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounting, applied statistics, human resources, business communication, business ethics, business law, strategic management, business strategy, finance, managerial economics, management, entrepreneurship, marketing, supply-chain management, and operations management in a manner most relevant to management analysis and strategy. It originated in the United States in the early 20th century when the country industrialized and companies sought scientific management.

Simon Business School is the business school of the University of Rochester. It is located on the university's River Campus in Rochester, New York. It was renamed in 1986 after William E. Simon (1927–2000), the 63rd United States Secretary of the Treasury. The school's current dean is Sevin Yeltekin.

<span class="mw-page-title-main">MIT Sloan School of Management</span> Business school of the Massachusetts Institute of Technology

The Sloan School of Management at Massachusetts Institute of Technology is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts. MIT Sloan offers bachelor's, master's, and doctoral degree programs, as well as executive education. Its degree programs are among the most selective in the world. MIT Sloan emphasizes innovation in practice and research. Many influential ideas in management and finance originated at the school, including the Black–Scholes model, the Solow–Swan model, the random walk hypothesis, the binomial options pricing model, and the field of system dynamics. The faculty has included numerous Nobel laureates in economics and John Bates Clark Medal winners.

<span class="mw-page-title-main">London Business School</span> Business school affiliated to the University of London

London Business School (LBS) is a business school and a constituent college of the federal University of London. LBS was founded in 1964 and awards post-graduate degrees. LBS is consistently ranked amongst the world's best business schools. Its motto is "To have a profound impact on the way the world does business".

<span class="mw-page-title-main">ESCP Business School</span> European business school

ESCP Business School is a French business school and grande école founded in Paris and based across Europe with campuses in Paris, Berlin, London, Madrid, Turin, and Warsaw. It is known as one of the trois Parisiennes, together with HEC Paris and ESSEC. Established in 1819, it is considered the world's oldest business school. ESCP Business School runs BSc, MBA, Executive MBA, master's degree programs in finance and management, executive education programs, and PhD programs.

Engineering management or Management Engineering is applied engineering. It is the application of engineering methods, tools, and techniques applied to business management systems. Engineering management is a career that brings together the technological problem-solving ability of engineering and the organizational, administrative, legal and planning abilities of management in order to oversee the operational performance of complex engineering-driven enterprises. Careers positions include engineering manager, project engineer, product engineer, service engineer, process engineer, equipment engineer, maintenance engineer, field engineer, technical sales engineer, quality and safety engineer. Universities offer bachelor degrees in engineering management. Programs cover courses such as engineering management, project management, operations management, logistics, supply chain management, engineering law, value engineering, quality control, quality assurance, six sigma, quality management, safety engineering, systems engineering, engineering leadership and ethics, accounting, applied engineering design, business statistics and calculus. A Master of Engineering Management (MEM) is sometimes compared to a Master of Business Administration (MBA) for professionals seeking a graduate degree as a qualifying credential for a career in engineering management.

<span class="mw-page-title-main">Tuck School of Business</span> Graduate business school of Dartmouth College, in New Hampshire, US

The Amos Tuck School of Business Administration at Dartmouth College is the graduate business school of Dartmouth College, a private Ivy League research university in Hanover, New Hampshire. The school only offers a Master of Business Administration degree program.

<span class="mw-page-title-main">University of Virginia Darden School of Business</span> Business school of the University of Virginia

The Darden School of Business is the graduate business school of the University of Virginia, a public research university in Charlottesville, Virginia. The school offers MBA, PhD, and Executive Education programs. Darden is consistently ranked as being among the top business schools in the U.S. and in the world.

<span class="mw-page-title-main">Samuel Curtis Johnson Graduate School of Management</span> Graduate business school of Cornell University

The Samuel Curtis Johnson Graduate School of Management is the graduate business school in the SC Johnson College of Business at Cornell University, a private Ivy League university located in Ithaca, New York. It was founded in 1946 and renamed in 1984 after Samuel Curtis Johnson, founder of S.C. Johnson & Son, following his family's $20 million endowment gift to the school in his honor—at the time, the largest gift to any business school in the world.

<span class="mw-page-title-main">Yale School of Management</span> Graduate business school of Yale University

The Yale School of Management is the graduate business school of Yale University, a private research university in New Haven, Connecticut. The school awards the Master of Business Administration (MBA), MBA for Executives (EMBA), Master of Advanced Management (MAM), Master's Degree in Systemic Risk (SR), Master's Degree in Global Business & Society (GBS), Master's Degree in Asset Management (AM), and Ph.D. degrees, as well as joint degrees with nine other graduate programs at Yale University.

<span class="mw-page-title-main">UCLA Anderson School of Management</span> Business school at University of California, Los Angeles

The John E. Anderson Graduate School of Management is the graduate business school at the University of California, Los Angeles. The school offers MBA, PGPX, Financial Engineering, Business Analytics, and PhD degrees. It was named after American billionaire John E. Anderson in 1987, after he donated $15 million to the School of Management—the largest gift received from an individual by the University of California at the time.

<span class="mw-page-title-main">Joseph M. Katz Graduate School of Business</span> Business school of the University of Pittsburgh

The Joseph M. Katz Graduate School of Business is the graduate business school of the University of Pittsburgh located in Pittsburgh, Pennsylvania. Although business education had its origins at the university in 1907, the Graduate School of Business was established in 1960 from a merger of its predecessors, the School of Business Administration and the Graduate School of Retailing. It was renamed in 1987 after businessman and university alumnus benefactor Joseph Katz. The school offers a traditional, accelerated, part-time, business analytics, and executive Master of Business Administration (MBA) degrees as well as Master of Science degrees in Accounting, Business Analytics, Finance, Information Systems, Management, Marketing, Supply Chain Management and several Ph.D. programs in business. Katz is regularly ranked in the top 5% of Association to Advance Collegiate Schools of Business-accredited schools and in the top 0.3% of schools worldwide that grant business degrees.

<span class="mw-page-title-main">Boston University Questrom School of Business</span> Business school of Boston University

The Questrom School of Business is the business school of Boston University, a private research university based in Boston. Founded in 1913 and formerly known as the School of Management, the school received its current name in 2015.

<span class="mw-page-title-main">Olin Business School</span> Business School at Washington University in Saint Louis, Missouri

The Olin Business School is the business school and one of seven academic schools at Washington University in St. Louis. The school offers undergraduate, master's, doctoral, and executive programs.

<span class="mw-page-title-main">Louvain School of Management</span> Business school of UCLouvain, founded in 1897

The Louvain School of Management is the international business school of the University of Louvain (UCLouvain), Belgium, founded in 1897. The faculty offers courses on the campuses of Louvain-la-Neuve, UCLouvain FUCaM Mons and UCLouvain Charleroi.

The Isenberg School of Management is the business school and also the second largest school at the University of Massachusetts Amherst, the flagship campus for the University of Massachusetts system. The Isenberg School is accredited by the AACSB International and ACPHA.

The Vanderbilt University Owen Graduate School of Management is the graduate business school of Vanderbilt University in Nashville, Tennessee, United States. Founded in 1969, Owen offers six degrees: a standard 2-year Master of Business Administration (MBA), an Executive MBA, Master of Finance, Master of Accountancy, Master of Accountancy-Valuation, and Master of Management in Health Care, as well as a variety of joint professional and MBA degree programs. Owen also offers non-degree programs for undergraduates and professionals.

The Tepper School of Business is the business school of Carnegie Mellon University. It is located in the university's 140-acre (0.57 km2) campus in Pittsburgh, Pennsylvania.

<span class="mw-page-title-main">Charles H. Lundquist College of Business</span>

The Charles H. Lundquist College of Business is the University of Oregon's business school. Founded in 1914, the Lundquist College offers undergraduate degree programs in business administration and accounting, as well as MBA, Executive MBA, Master of Science in Sports Product Management, Master of Accounting, Master of Science in Finance, and PhD graduate programs. These degree programs are supported by four departments and one school of accounting.

References

  1. ↑ "Elective Tracks". Duke Engineering Management. 2015-09-29. Retrieved 2021-01-19.
  2. ↑ "The Best-Performing CEOs in the World, 2019". Harvard Business Review. 2019-11-01. ISSN   0017-8012 . Retrieved 2021-01-20.
  3. ↑ "Core Engineering Management Courses". Duke Engineering Management. 2015-09-29. Retrieved 2021-01-19.
  4. ↑ "MBA vs MS in Engineering Management: What's the Difference?". Online Master's Programs in Engineering at George Washington University. 2017-12-14. Retrieved 2019-04-10.
  5. ↑ "ASEM - Graduate Program Certification" . Retrieved April 14, 2019.
  6. ↑ "Master of Engineering Management Programs Consortium (MEMPC)". MEMPC. Retrieved 2021-01-19.
  7. ↑ "Best National Universities Ranking".
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.