Published:Dec 18, 2024

Updated:Dec 18, 2024

MBA vs. Master in Engineering Management: Choosing the Right Degree for Your Career Goals

Reviewed By Dr. Jena Asgarpoor

Advisory Committee Member | President of the American Society for Engineering Management (ASEM), Director and Graduate Chair, Master of Engineering Management

The growing demand for leadership roles in sectors such as healthcare, banking and finance, automotive, biotech, aerospace,and technology has made graduate degrees like a Master in Business Administration (MBA) and a Master in Engineering Management (MEM) increasingly popular. While both offer avenues to leadership, their focuses and outcomes are distinct, making the choice between them a critical decision for career-minded professionals.

For engineers and other professionals at a crossroads, understanding how an MBA program differs from an MEM program can help determine the next step in their careers.

Key Differences Between an MBA and a Master in Engineering Management

Whether your goal is to lead complex engineering management projects or drive business strategy, it’s important to first understand how each degree aligns with specific roles and industries. The primary difference between an MBA and an MEM lies in their focus.

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Degree Component	Master in Business Administration (MBA)	Master in Engineering Management (MEM)
Average Units/Credits	30–60 credits; broad business curriculum	30–40 credits; technical, operations, and management blended coursework
Duration	18–36 months (full-time or part-time); 10 months in accelerated program	12–24 months (full-time or part-time)
Program Focus	General Business Management Business strategy Finance and accounting Marketing Human resource management Operations and supply chain Economics Ethics and corporate governance Entrepreneurship Technology and innovation	Managing and leading engineering and technology Data analysis and decision-making Engineering economics and financial management Innovation and product development Interdisciplinary collaboration Management and Leadership of technical people, projects, and teams Operations and quality management Risk assessment and management Systems engineering Technical project management Legal consideration in engineering and technology
Common Careers	Business Manager CEO Financial Analyst Management Consultant Marketing Director Operations Manager Product Manager Startup Founder	Construction Manager Design Engineer Engineering Manager Production Planner Project Manager Program Manager Risk Analyst Supply Chain Analyst Systems Analyst Technical Project Lead

MBA Overview: Broad Business Management

MBA programs emphasize business strategy, leadership development, and management skills. An MBA provides comprehensive training in business administration and management fundamentals, covering areas like finance, leadership, marketing, and operations. These programs are ideal for professionals aspiring to lead across industries or pivot to business roles beyond their technical expertise. The MBA curriculum is designed to prepare for managing the business decisions at the firm level.

Specializations

Many MBA programs offer concentrations or specialized tracks such as:

Entrepreneurship
Finance
Healthcare Administration
Leadership and Organizational Development
Operations and Supply Chain Management
Public Administration and Nonprofit Management
Real Estate
Sports Management

Full-time vs. Part-time Options

While full-time MBA programs may suit early-career professionals, part-time or executive MBA programs cater to working professionals seeking flexibility. MBA programs are often offered through various learning modalities, including fully online and hybrid options.

Career Pathways
MBA graduates commonly pursue roles in management consulting, executive leadership, or entrepreneurship. They may find themselves in industries and on career paths that include:

Leadership and Executive Roles

Chief Operating Officer (COO)
General Manager
Nonprofit or NGO (non-governmental organization)
Executive Director

Strategic and Consulting Roles

Business Intelligence Analyst
Change Management Consultant
Corporate Development Manager

Marketing and Sales Roles

Brand Manager
Digital Marketing Specialist
Sales Director

Financial and Analytical Roles

Investment Banker
Financial Planner
Private Equity Analyst

Master in Engineering Management Overview: Technical and Operational Leadership

Professionals with an MEM possess both technical knowledge and business acumen. An MEM is a natural choice for engineers aspiring to management roles in technology-driven sectors. MEM programs bridge the gap between engineering expertise and advanced management skills, preparing graduates for project management and technical leadership roles.

Specializations

MEM students can elect to further hone their skills in a specific area of interest by selecting a specialization or concentration, which may include:

Construction Management
Data Analytics and Decision Science
Project Management
Healthcare Engineering Management
Operations and Supply Chain Management
Product Development and Innovation
Quality and Process Improvement
Sustainability and Environmental Engineering
Technology Management

Full-time vs. Part-time Options

Engineering management degree programs offer flexible formats, including full-time, part-time, online, and hybrid options.

Career Pathways

Many engineering management degree holders pursue technical and managerial roles. These types of roles often oversee teams and budgets, lead design innovation, streamline processes, and work with emerging technologies. Their career paths may include:

Industries:

High-tech
Biomedical; Biotech; Medical Devices companies
Aerospace, Automobile
Construction and Architectural
Research and Development
Manufacturing
Engineering Services; Public or Private Utilities

Technical and Engineering Roles

Automation Engineer
Systems Architect
Systems Engineer
Reliability Engineer
Testing Engineer

Project-focused Roles

Infrastructure Planner
Risk Engineer
Construction Estimator

Consulting and Research Roles

Innovation Strategist
R&D Consultant
Technology Policy Analyst

Emerging Roles

AI/Machine Learning Engineer
Cybersecurity Engineer
Sustainability Program Manager

Comparing Costs and Return on Investment

Cost Comparison

Whether you are considering pursuing an MBA or earning an MEM, going to graduate school is a significant investment, both in terms of time and finances. Understanding the associated costs and evaluating the potential return on investment (ROI) are crucial steps in determining whether this path aligns with your career objectives.

The cost of MBA programs and master’s degrees in engineering vary widely depending on institution type, program format, and geographic location. According to the Education Data Initiative, the average total cost of an MBA is $60,410 compared to the average cost of a Master of Science in Engineering degree, which is $61,380.¹

Public universities generally offer lower tuition rates, especially for in-state residents, while private institutions and programs with strong reputations may charge significantly higher fees. Students may lower tuition costs through scholarships, grants, employer education assistance programs, and work-study programs.

Additional Expenses to Consider

Beyond tuition, students in any graduate program, incur other costs associated with earning their master’s degree, including:

Administrative Fees:

Costs for enrollment, graduation, and access to campus resources.
Textbooks and Course Materials:

Engineering-focused coursework often requires specialized resources, which can add several thousand dollars to total expenses.
Technology and Software:

Many MEM programs require students to use advanced engineering software or tools, which may incur licensing costs.
Living Expenses:

Housing, meals, and other personal costs which may vary based on the program’s location for programs offered on-campus or with an in-residence requirement.

Job Outlook

Determining the value of a master’s degree like an MBA or an MEM depends on your career goals and financial situation. U.S. Bureau of Labor Statistics projects that by 2033, management occupations will grow faster than the average of all occupations, and nearly 1.2 million openings are projected each year.²

MBA Earning Potential

The Graduate Management Admissions Council's (GMAC) survey found that the projected median starting salary for MBA holders is $125,000, significantly higher than the $75,000 for bachelor's degree holders.³

MEM Earning Potential

According to the U.S. Bureau of Labor Statistics, engineering managers earn a median salary of $165,370 annually, with opportunities for further growth depending on experience and location. Over the next decade it is projected that there will be about 15,000 openings for architectural and engineering managers each year and 6% job growth (faster than the average of other occupations) .⁴

A BLS chart displaying occupational growth rates of engineering managers.

Source: U.S. Bureau of Labor Statistics

Work-life Balance

MBA Programs

MBA programs cater to a diverse range of students, from early-career professionals to seasoned executives, with part-time and executive formats designed for those balancing full-time jobs and personal responsibilities. These programs offer flexibility through full-time, part-time, and online options, with full-time MBAs sometimes requiring additional time commitment for immersive experiences. While part-time formats may allow professionals to continue working, the rigor of the program may be challenging while juggling other personal and professional responsibilities.

MBA coursework emphasizes case studies, group projects, and networking which demand collaboration outside class hours and can strain work-life balance, particularly for part-time students. Overall, MBA programs are best suited for those ready to prioritize education or adept at managing time effectively, with part-time formats offering the most balance for those already working full-time.

MEM Programs

MEM programs are designed for people who have engineering and STEM education, work in engineering and technical fields, and seek leadership roles but want to stay close and connected to technical and engineering environments. MEM programs are designed for early- to mid-career professionals who must balance work and education. Most universities offer full-time and part-time options and program duration can range from one to two years. Part-time formats often offer evening or online classes to accommodate working professionals.

MEM coursework includes individual projects and assignments that are demanding but enriching as they introduce new managerial and business operation concepts to learners. MEM courses also emphasize team projects to replicate engineering work that is typical in industry. MEM programs are well-suited for working professionals and their flexible formats may support a better work-life balance than full-time MBA programs.

A chart displaying engineering master's graduate degree disciplines broken out in percentages.

Source: Education Data

When to Choose an MBA vs. a Master in Engineering Management

Education Data’s report breaks down the popularity of certain major disciplines. Today, more than 23% of master’s degree graduates have a degree in business, while less than 5% have a degree in engineering.⁵

As the market has become saturated with MBA holders and the demand for engineering and technology professionals grows, there has been a clear and steady increase in demand for MEM graduates. The number of MEM programs and their enrollment have steadily increased for this reason.

Those who pursue MEM degrees have engineering and STEM backgrounds and work in engineering and technology industries. MEM programs capitalize on the shared experiences of the students to tailor the curriculum, learning opportunities, assignments, and discussions targeting STEM concepts. This is in contrast to MBA programs that must accommodate individuals who come from all educational and work backgrounds.

As someone who is considering whether to earn a master’s degree in business administration or in engineering management, you should think about your own career goals, passions, interests, and learning style.

Choose an MBA if you want to:

Transition to broad business leadership roles
Pivot into industries like finance, consulting, or corporate strategy
Gain expertise in business administration or entrepreneurship
Work in industries that prioritize strategic thinking, operations, and business development across various sectors

Choose an MEM if you want to:

Lead engineering teams or manage technical projects
Promote within the engineering industry
Develop specialized skills in engineering management
Excel in industries that require technical expertise combined with leadership skills, especially in engineering-driven or innovation-focused organizations

Spotlighted MBA Programs

Duke University

Duke University’s Fuqua School of Business offers a range of MBA programs designed to cater to various career stages and lifestyles. These include the full-time Daytime MBA, the Weekend Executive MBA, the Global Executive MBA, and the Accelerated Daytime MBA. Each program emphasizes team-based learning, leadership development, and flexibility, equipping students with the skills to thrive in diverse business environments.

Highlights

Length of Programs: The Daytime MBA is 22 months, the Weekend Executive MBA is 19 months, and the Global Executive MBA spans 18 months. The Accelerated Daytime MBA can be completed in under a year.
Flexibility: The Weekend and Global Executive MBA programs feature hybrid formats that combine online sessions and short residencies.
Curriculum: Students can choose from over 100 electives, hone their focus by choosing from a variety of concentrations, and engage in experiential learning opportunities to tailor their MBA experience to their career goals.

Indiana University

The Kelley School of Business at Indiana University offers a range of MBA programs, including Full-time+Flex MBA, Kelley Direct Online MBA, and the 3/2 MBA program, catering to diverse career goals and schedules. These programs emphasize flexibility, global learning, and learning customization with features like immersive experiential learning, electives, and industry-focused academies. Kelley’s MBA programs aim to equip students with advanced business acumen, leadership skills, and career preparation for success in a dynamic business landscape.

Highlights

Length of Program: The Full-time+Flex MBA and Kelley Direct Online MBA span two years. The 3/2 MBA integrates undergraduate and MBA degrees in five years.
Flexibility: The Kelley Direct Online MBA is highly customizable, with 50% electives and options to specialize in one of seven majors. The Full-time+Flex MBA provides an option to complete the second year either on-campus or online from anywhere.
Curriculum: Kelley’s MBA programs focus on a robust Integrated Core curriculum, experiential learning through global consulting projects, and industry-specific academies to build leadership and strategic expertise.

Purdue University

Purdue University's Mitch Daniels School of Business offers a range of MBA programs tailored to diverse career goals, emphasizing innovation, analytical problem-solving, and leadership development. The school offers a rigorous one-year residential MBA, a flexible online MBA, and specialized programs like the MS in Engineering + MBA dual degree. Purdue leverages its STEM foundation to provide MBA students with a tech-forward education that prepares them for leadership in modern industries.

Highlights

Program Length: The One-Year MBA is completed in just 11 months, while the online MBA can be finished in as little as two years.
Flexibility: The online MBA allows students to balance full-time work with studies, immersive experiences, and study abroad options that enable students to earn course credits.
Curriculum: Coursework focuses on quantitative and managerial skills, strategic leadership, and experiential learning through projects tied to emerging technologies.

Spotlighted MEM Programs

Stevens Institute of Technology

The Engineering Management Master's program at Stevens Institute of Technology blends technical expertise with leadership and decision-making strategies and equips students with the skills to manage complex engineering projects. The program is offered fully online, providing flexibility for working professionals, and includes coursework in areas such as operations research, systems modeling, and risk analysis. Students benefit from a curriculum that emphasizes data science, project management, and strategic decision-making. MEM Graduates are prepared for roles in engineering leadership across an array of industries.

Highlights

Length of Program: The program requires 30 credit hours (10 courses) and can be completed in as little as two years.
Flexibility: Delivered 100% online with multiple start dates (fall, spring, summer), allowing students to balance their careers while earning a degree.
Curriculum: Focuses on engineering management fundamentals, including electives in managerial analytics and supply chain/logistics management, culminating in a practical capstone project.

Old Dominion University

The Master of Engineering Management (MEM) program at Old Dominion University is designed for both working professionals and traditional full-time students with technical undergraduate degrees. The program emphasizes applying engineering principles to business practices and focuses on technological leadership, project management, and organizational systems. Offered online and in-person, it provides evening classes to accommodate diverse schedules, making it suitable for students balancing work and study.

Highlights

Length of Program: The MEM program requires 31 credit hours, typically completed over 1-2 years, depending on full-time or part-time enrollment.
Flexibility: Courses are available in the evenings, both online and on-campus, with synchronous learning for remote students, ensuring accessibility for working professionals.
Curriculum: The program includes core courses such as cost estimating, operations research, and project management, alongside elective options and a one-credit capstone project, focusing on real-world applications in engineering management.

Tufts University

The Master of Science in Engineering Management (MSEM) program at Tufts University is designed for STEM professionals looking to advance their leadership and management skills in technology-driven environments. The program offers a blend of technical knowledge, business acumen, and leadership development through a flexible structure, including fully online or hybrid options, tailored for working professionals. Students engage in hands-on projects, immersive learning experiences, and mentorship, all while benefiting from Tufts' extensive alumni network and faculty expertise.

Highlights

Length of Program: The MSEM can be completed part-time in as little as two years, depending on the student's pace of study.
Flexibility: The program supports a fully online format or a hybrid approach, allowing students to choose electives online or in-person and participate in optional immersive weekend experiences.
Curriculum: The curriculum emphasizes strategic thinking, data-driven decision-making, and leadership, complemented by milestone projects such as the Capstone Leadership Project and opportunities to specialize in areas like product management or business analytics.

Q: What is the average salary for MBA vs. MEM graduates?

A: The Graduate Management Admissions Council's (GMAC) survey found that the projected median starting salary for MBA holders is $125,000, significantly higher than the $75,000 for bachelor's degree holders.³ According to the U.S. Bureau of Labor Statistics, engineering managers earn a median salary of $165,370 annually.⁴
Q: Can you pursue an MEM without work experience?

A: Some MEM programs accept students with minimal experience, but many prefer candidates with post-baccalaureate work experience in engineering.
Q: Is an MBA more versatile than an MEM?

A: An MBA is more versatile if you aim to explore a wide range of industries or roles, especially in areas like strategy, marketing, or finance. An MEM is better suited for those who prefer to pursue management and leadership roles in the technical track and remain in engineering, science, and technology industries.
Q: Which industries prefer MEM graduates?

A: Sectors including technology and IT; manufacturing and operations; aerospace and defense; healthcare and biomedical engineering; energy and utilities; and construction and civil engineering value MEM graduates for their technical expertise and management skills.

Key Takeaways: MBA vs. Master in Engineering Management

MBA

Broad Application Across Industries:

An MBA provides a comprehensive understanding of business operations, including finance, marketing, management, and strategy. It is valued across nearly every industry, from healthcare to technology to consulting.
Career Flexibility:

Graduates often pivot into diverse roles, including general management, business development, consulting, or entrepreneurship. The skills students gain in an MBA program may be applicable to both technical and non-technical sectors.
Networking Opportunities:

MBA programs often attract a diverse cohort and provide access to extensive alumni networks, which can be beneficial for career changers or those looking to evolve into higher positions.

MEM

Technical Focus with Managerial Skills:

The MEM is tailored for engineers or technical professionals who want to move into leadership roles without losing their connection to technical work. It focuses on project management, systems thinking, and technology strategy.
Specialization in Engineering and Technology:

While versatile within technical industries, it may be less appropriate for those seeking roles in finance, marketing, or general management.
Bridge Between Technical and Business Roles:

MEM graduates are ideal for roles requiring both technical knowledge and business acumen, such as operations management, product management, or engineering leadership.

Conclusion: Choose the Program That’s Right For You

Aligning your career goals with the right degree is essential when deciding between an MBA and a MEM. Consider your educational background, professional aspirations, current experience, and long-term ambitions to determine which program will best support your desired path. To make a well-informed decision, take the time to explore program details and reach out to an enrollment advisor for further guidance and to discuss your individual career objectives.