Professional Documents
Culture Documents
CONTENTS
Introduction 3
MS or MBA abroad
INTRODUCTION
hile a wide range of career opportunities is up for exploration abroad once you have
completed your bachelors in engineering, most of you would, typically, opt for either
of the two fields- MS or MBA. Interestingly, some of you might even consider study-
ing Master of engineering management, which is, as the name suggests, a combination of
engineering and management.
A survey by QS revealed that FAME (Finance, Accounting, Business Management and
Economics) and STEM (Science, Technology, Engineering and Mathematics) are the two
most sought after courses for international students with FAME capturing the bigger chunk
at 42.8%. And why not? Both these fields not only offer the best career opportunities but
also higher pay packages compared to most fields.
However, after completion of engineering most of you would be confused whether to take
up engineering related subjects for further studies or opt for a management degree.
Here, we bring you some of the options that you can explore after your engineering degree:
MS OR MBA ABROAD
raditionally engineering students have been known to opt for MS related courses for
further knowledge and insights into the subject. However, in the last couple of years,
a large number of students are increasingly opting for management related courses
ore often than not, pursuing an MBA is also seen as an investment. Hence, the
return on investment is a big factor while considering whether you want to pursue
MS or MBA abroad According to a Bloomberg data a fresh MBA graduates who
switches his career can get an increase of as much as $55,000 over his pre- MBA salary.
Further, an FT report also says that young 24 year olds can get a massive 145% increase
over their previous salary post pursuing an MBA degree.
If we consider the cost of pursuing MBA and MS programmes in USA we find that while
cost of studying MS can be in the range $30,000 - $50,000 annually that of an MBA can
go upwards $60,000 annually/
The table below shows the cost of pursuing both the programmes in top universities of
USA:
University
MS Fees
MBA fees
$65,750
Harvard University
$61,225
Stanford University
$64,050
University of Chicago
$63,980
$57,220.50
hile engineers are slowly taking over the management domain, many of them are
pushing away from the traditional MBA relating to Finance or marketing. Instead,
engineering students are exploring newer management specialisations, which
ensure that they learn management tricks while sticking to the essential engineering environment. Master of Engineering Management or MEMs are, especially, tailored for that purpose.
Best thing about an MEM degree is that it is tailor made for engineers. A typical MEM
programme includes subjects like Accounting for engineers, financial issues for engineers
and Computer simulation for risk and operations analysis among others.
In terms of selection, too, one major difference between engineering management and
MBA is that while MBA accepts only GMAT scores, MEM accepts both GRE and GMAT
scores. In case of examination, this is a win for MEM in MEM vs MBA as students can pursue
the former course through any exam. Though in many cases, universities accept just GRE
scores for admission to engineering management programme. It is advisable, therefore, to
choose your exam carefully, if you are confused whether you want to pursue MEM or MBA.
Here is the list of the top universities which offer both MBA and MEM:
University
MEM
Test accepted
MIT
GRE/GMAT
Cornell University
GRE
Stanford University
Duke University
MBA
Score
Test accepted
Score
GMAT
710
GMAT
700
GRE
165-168
GMAT
740
GRE
Verbal 153-159
GMAT
694
GMAT
724
GMAT
690
GMAT
716
GMAT- 656
Quantitative 160-167
Analytical Writing 3.54.0
Northwestern University
GRE/GMAT
Verbal: 160
Quantitative: 160
Writing: 5.0
GRE
Verbal-156
Quantitative-159
analytical writing-4.0
Dartmouth College
GRE
eedless to say, that is an MBA programme is one of the most expensive courses to
study abroad with tuition fee alone running upward $60,000 annually for most of top
business schools. But the good news is that MBA programmes also promise some
of the best return on investments. In fact, MBA falls among the highest paying courses in
the World.
Compared to an MBA degree, MEM programmes charge less and are less heavy on the
pocket. Best part is it also offers a combination course. So, you have the benefit of both an
MBA and engineering in the job sector.
The table below shows the comparative cost of pursuing MEM and MBA from some of
the top universities:
University
MEM
MBA
$65,750 annual
Cornell University
$61,584 annual
Stanford University
$63,980 annual
$60,600 annual
$55,812
$64,059 annual
$59,184 annual
$64,200
MIT
Duke University
Northwestern University
University of Southern California
Dartmouth College
Additional
Resources
MS ApplicAtion
pAckAge to
study
abroad
MS
Application
Package to
study abroad
MBA ApplicAtion
pAckAge to
study
abroad
MBA
Application
Package to
study abroad