The Stevens Masters of Engineering Management is one of the oldest programs in the world, tracing its roots in some form or other to the 1880's.
After graduating such luminary engineers as Frederick Taylor, considered by many to be the father of scientific management, and Henry Gantt of project management fame, Stevens started a formal Masters in Engineering Management in 1985.
The program is now directed by Dr. Jose Ramirez-Marquez, a Fullbright Scholar who studied statistics and industrial engineering at Rutgers. He is responsible for all of the engineering management courses at Stevens, a school that has a wide range of Masters of Engineering programs.
The Masters of Engineering Management program is focused on decision making and understanding data. Students learn how to make data-driven decisions and how to support those decisions to upper management.
Prof. Ramirez-Marquez contrasts the Stevens MEM with MBA programs, noting that the MEM is more technical and quantitative and allows students to understand a systems perspective.
MEM students also benefit from taking courses in the School of Systems and Enterprises, which provides a view into Systems Engineering.
Given the rising importance of systems engineering in all industries, this is proving valuable to graduates.
School: School of Systems and Enterprises at Stevens Institute of Technology
Where is it: Hoboken NJ and online
Degree you get: Masters of Engineering Management
Size of the Program: There are approximately 70 students enrolled in the MEM program, including a mix of in-person and online, foreign and domestic.
Number of credit hours: 30 hours / 10 courses
How long will that take? Most students study full time and complete the program in 18 months. Working students typically choose to take only 2 courses per semester and 2 years for the program.
When does it run:
Courses run 4 semesters per year including 2 annual summer sessions. Students can start in any semester.
Tuition is $38,400 plus fees
Minimum Admission Requirements:
All students must have a GPA over 3.0 in a technical undergraduate program, preferably engineering. Beginning in 2013 all applicants must have a GRE. Foreign students must have TOEFL and GPA over 3.0. Cases that don’t fall within these guidelines are reviewed individually.
Who should take it: Students seeking management careers in industries where decision-making is heavily data-driven.
Claim to fame:
Stevens has an illustrious history of graduating famous engineering leaders across all disciplines.
Prof Ramirez-Marquez emphasises the importance of teaching students to do research. As a result, most of the courses are project based, with a final project due in virtually every course.
Depending on the course, students may have an opportunity to work on real-world projects such as an optimization scheduling algorithm for Stevens classes or working with Lockheed Martin to understand supply chain issues at the McMurdo station in Antarctica.
The course offering includes required / core courses and electives. The six core courses are:
- Engineering Economics or Engineering Cost Management
- Operations Research
- Modeling & Simulation or Dynamic Modeling of Systems & Enterprises
- Project Management of Complex Systems
- Fundamentals of Systems Engineering
- Designing and Managing the Development Enterprise
In addition to the core courses, students may select Masters level courses from any of Stevens wide array of other Masters of Engineering programs.
How flexible is the schedule?
For students who choose not to study full-time on campus, Stevens has a wide range of alternatives. Students can take most courses in the Masters of Engineering Management program online. Stevens has an excellent online learning environment with many programs available.
All classes begin at 6:00pm or later to accommodate the schedules of working professionals. There are some short courses that are a full-immersion for a week, and some are even offered on Fridays only for 5 Fridays in a row. Having almost 1,300 graduate engineering students has led Stevens to develop a wide variety of ways to create flexible schedules.
Why would somebody take this program?
Prof. Ramirez-Marquez pointed out that “Professional careers in the new economy require managers to leverage data and sophisticated decision making for strategic advantage. That understanding fits well in companies like Google, Amazon, IBM, Facebook, UPS, Fedex, and pharmaceutical companies.”
Why wouldn't you take it?
You might not get the full program experience unless you can travel to Hoboken at least occasionally
Stevens fee structure is higher than most lesser-known programs