MBA
Graduates from any subject of study, which include science, arts, humanities, and commerce, are eligible for the MBA program. Top colleges you can find for MBA programs are MBA in UK, MBA in USA and other countries.
Pursuing an MBA application is appreciably extra luxurious than pursuing a master’s diploma in engineering management.
Professional journey is required prior to enrolling in an MBA program, particularly if the application is placed outdoor of the United States.
An MBA software covers a huge vary of management-related topics, with an emphasis on management, management skills, common management, marketing, and enterprise abilities as a substitute for technology.
MEM
MEM is a specialized software or diploma for science and engineering graduates with a stable heritage in physics, mathematics, chemistry, and mechanics. It is much less pricey than a standard MBA degree. Work or expert ride is no longer vital for the MS in engineering administration program, which is aimed at younger engineers and scientific enthusiasts. Masters in engineering Management in Canada or USA helps to beautify technical skills, which lead to higher decision-making. The MS in engineering administration used to be created with the aim of bridging the hole between engineering, technology, and management.
The Key distinction between MEM and MBA
Regardless of university ranking, the internet current cost of a MEM diploma from the United States is pretty high. If you are presently employed in India and earn about 5 lakhs per year, a master’s diploma in Engineering Management from the United States is an apparent choice. It may additionally flip out to be a worthwhile investment.
Graduates of the MEM application apprehend superior technology. They are capable to manipulate merchandise via all phases of their lifestyles cycle due to the fact they have the business, skills, and capabilities to leverage.
MEM-KEY SKILLS:
- Strategic planning of engineering and technology
- Leadership and layout thinking
- Managing/leading technical people, projects, teams, operations
- Communication and presentation
- Decision and threat analysis
- Applied courses
- Immediate utility at the useful level
MBA-KEY SKILLS:
- Strategic questioning for the business
- Leadership and organization
- Marketing innovation
- Communication
- Conceptual courses
- Focus is high: Firm/business level
Work Experience
If you’re making use of to do post-graduation besides any work experience, there are quite a few MEM applications consisting of the few German universities do no longer require candidates to have any work experience. There are others universities that do have a minimal work ride criteria.On the other hand, for making use of to MBA diploma program, you would want to reveal an accurate work trip of at least 2-3 years in order to get into a excellent university.
Course Content
The MEM diploma is an engineering diploma supplied in shut collaboration with the related administration or commercial enterprise school. The curriculum is designed to grant college students the proper combo of superior engineering guides with core administration and enterprise courses. These consist of amongst others operations and furnish chain management, product sketch and development, science strategy, product marketing, entrepreneurship alongside finance and administration associated topics.
The MBA application presents a large range of subjects and does not mainly listen on technological know-how or any unique area. The curriculum encompasses finance, accounting, operations management, marketing, organisational behaviour, economics, company finance, method and leadership. You can choose for electives of your preference to specialise and discover a specific problem of your interest.
Duration and Cost
Most of the MEM applications can be executed inside a length of 12-15 months i.e one to one and half of year. The value of this direction relies upon upon the universities, there are countless universities costs minimal training price and few universities have no training fee
However, MBA application can be performed in inside a length of two years and price of this direction is once more relies upon on the universities.
Career Scope
The MEM’s is a multidisciplinary curriculum goals at presenting a science center of attention associated with the administration perspective. This helps you boost capabilities that will facilitate a well-integrated strategy so that you can use your obtained enterprise capabilities alongside with your engineering historical past to lead initiatives and take the proper choices typically in the science area.
Final Thoughts
Students with MEM ranges are more suitable for the latest science groups surely due to the fact an undergraduate diploma in a STEM discipline is a requirement for admission, notwithstanding the fact that MBA and MEM applications share some similarities in creating successful leaders via a core curriculum in economics, marketing, and operations. Most candidates for an MBA software have non-technical stages on the grounds that a technical diploma is no longer a requirement.
An MBA focuses on enterprise administration, advertising and marketing aspects, and provide chain management. The software is designed to cowl a broad range of enterprise elements like accounting, operations, organizational behavior, enterprise economics, finance, leadership, etc. It does now not in particular the center of attention on science like MEM.
The MEM application is recognized through more than one names, MSEM (Master of Science in Engineering Management), SDM (System Design & Management), or Masters in Technology Management.
