Engineers may reach a point where they want to apply for a leadership position. They would enjoy leading teams, helping plot out business strategy, and deciding what is best for the organization. They also like the idea of earning a higher salary. Taking on a leadership role could almost double what they bring home each year.
To move up, they may need an advanced degree. A Master of Engineering Management will give them the knowledge and skills they need to succeed in the role. However, many managers function without a master’s degree, leading people to wonder whether there is value in obtaining one. Consider the following when making this determination.
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Engineering Management
Engineering management focuses on managing humans while practicing engineering. The projects handled are complex, and the manager establishes the goals and develops detailed plans to ensure everything is executed correctly. Engineering managers do everything from planning and organizing a project to allocating resources. They also oversee the work of those underneath them. Managers work as part of a larger team and report to the company’s engineering director.
Obtaining a Degree in the Field
Working engineers find they can take on specialized positions when they obtain this degree. It provides them with leadership skills and capabilities that will help them lead teams. It combines human leadership proficiencies, engineering management principles, and the latest technologies. Many of these skills also transfer to other fields, if they choose to pursue a different opportunity in the future.
The focus will be on managing teams and projects. Students learn about goal setting, strategy development, cultural dynamics, and technology project management. They undergo training in developing and implementing best practices regarding product development and discover how to identify and react to technology trends.
Completing the Program
Most people complete the master’s degree program in two years if they go full-time. Part-time studies often take four years, depending on the credit hours. Accelerated programs are offered online and can be completed in approximately a year and a half.
The Value of a Master’s Degree
Engineers wonder if they need this degree to advance in their careers. Students who take part in the courses gain management and leadership skills while refining those they already have. They will learn how to manage teams and projects to advance their careers. Job opportunities expand when a person gets this degree, and their earning potential increases. According to the Bureau of Labor Statistics, engineering managers earn a median wage of $165,370. Compensation packages may be better for men and women with a master’s degree, although this varies by company.
Individuals seeking a master’s degree in engineering study finance, economics, and other topics business leaders use daily. They are trained in communication techniques and strategic thinking. When a person participates in a master’s degree program, their network also expands. They will have more job and mentorship opportunities in the future.
Engineering professionals who want to take on leadership roles should consider pursuing this degree. Upon completing the program, they may continue in engineering or move on to other sectors where their skills are needed. A person might also go out independently and form a new company. The options are endless, so anyone with a degree in engineering should learn more about master’s program options to see if this move is right for them.
