Entering into engineering management
18 November 2016
Engineering management is a much broader field than you might think. According to research, founders and CEOs are more likely to have a postgraduate engineering degree than an MBA. Especially in the ITS and social industries, where having technical knowledge can be a real leg-up.
You will learn much more than just engineering principles. Pairing engineering with management skills can see you reach real success. In fact, an online Master of Engineering Management could set you on a career path that you didn’t even know was possible.
An online Masters with an engineering focus offers fundamental business skills needed to work in a management position, while still aligned heavily with engineering expertise. You can expect to learn about marketing, entrepreneurship, contracts, decision-making, finance, accounting and quality control.
As there are multiple styles of management, you may find yourself learning about innovation management, operations management, environmental management along with related topics such as human resources, product development, law and communications.
What does this mean for your career?
By gaining a Master of Engineering Management online, a large part of any role you undertake will most likely involve supervising other engineers. Forming a significant part of your potential career could also include working closely with clients to start and carry out contracts. Monitoring project costs and quality control will be vital, whilst always keeping the environment and safety in mind. Testing products you help create and supervising the production of them is necessary.
Depending on the field that you decide to pursue in engineering, there are very different outlooks for those who study a Masters, but one thing is certain and that is those with business and advanced technology skills are expected to have an advantage when it comes to the job market.
In the US alone, biomedical engineers are experiencing rapid growth in employment with a 27 per cent growth rate expected between 2012 and 2022. Mechanical and electrical engineering have a growth rate of 5 per cent and 4 per cent respectively during this same period.
What are the earning benefits?
In Australia, the average salary of an engineering project manager is around $107,688, depending on your level of experience. If you’re looking to gain a role in this area, the best places to look at are Sydney, Melbourne or Perth, with key hiring companies including Telstra, BHP Billiton and VisionStream.
Depending on what direction you want to take your career, there are many options for people with this qualification. You can enter into consulting, technical roles and a range of people management positions.
Discover more about the employment benefits of earning a postgraduate Master of Engineering Management by speaking to one of our Student Enrolment Advisors on 1300 589 882.