With regards to picking a universal post-graduate (Masters) degree, relatively few would be acquainted with the MEM (Master of Engineering Management) degree. This degree might not have enough footing as it takes into account a particular instructive foundation.

The MEM degree can give a decent mix of cutting edge specialized information and ability alongside the required administration ideas and business expertise.

MEM or MBA: Which is better for you?

1. Instructive foundation

The MEM degree is essentially suited for those with their graduation in Science, Technology, Engineering and Math (STEM) degree. It serves as a decent post-graduate degree decision for specialists (fundamentally) or those wishing to take their profession higher in the innovation range. The MEM course offers administration and authority aptitudes with an attention on specialized controls.

A MBA, then again, is a decent alternative for alumni from any foundation, however we'd see an over-burden of STEM graduates dropping in on the gathering here also.

2. Work experience prerequisite

In case you're wanting to set out straightaway toward your post-graduation with no work experience, there are a few MEM programs including the ones offered by Cornell college, Dartmouth school, Duke college, Stanford, University of South California. These colleges don't oblige contender to have any work experience. There are others like MIT that do have a base work experience criteria.

For applying to the top MBA program in the US, you'd have to show great work experience of no less than 2-3 years inorder to get into a decent b school.

3. Length and expense

A large portion of the MEM programs including those offered by top colleges like Duke, Cornell, Dartmouth among others can be finished inside a time of 12-15 months. The educational cost charges would be in the scope of $50,000 – $60,000; the typical cost for basic items would likewise work out to be lower because of the shorter term of the course.

Be that as it may, a two-year full-time MBA program offered by the presumed US business colleges would cost you near $100,000 or above for the educational cost expenses notwithstanding the average cost for basic items.

4. Course content

The MEM degree is a designing degree offered in close joint effort with the related business college. The educational programs is intended to give understudies the right blend of cutting edge building courses with center business courses. These incorporate among others operations and store network administration, item outline and advancement, innovation technique, item promoting, business enterprise alongside account and administration related themes.

The MBA program has a far reaching scope of a wide assortment of subjects and does not especially focus on innovation or a specific region. The different viewpoints secured incorporate money, bookkeeping, operations administration, promoting, authoritative conduct, financial aspects, corporate fund, system and initiative. You can pick electives of your decision to practice and investigate a specific subject of your advantage.

5. Vocation scope

The MEM's multidisciplinary educational programs goes for giving an innovation center joined with the administration point of view. This helps you create aptitudes that'll encourage a very much coordinated approach so you can utilize your procured business abilities alongside your building foundation to lead undertakings and take the right choices mostly in the innovation region.

You have to introspect and investigate where your long haul premium and safe place lies. On the off chance that the specialized zone is the place you see yourself, then this course is for you.

You can work in a wide assortment of commercial enterprises and capacities including innovation, vitality, social insurance/pharma, budgetary administrations, customer merchandise, database building, assembling and outline, quality confirmation, innovative work, frameworks designing, staff frameworks, venture administration and in an assortment of parts including that of an investigator (frameworks examiner, information expert, business expert), partner positions (rotational authority partner, hazard administration partner) or you may begin your own endeavor.

With a MBA, you can work in an assortment of zones including innovation, fund, advertising, technique, operations or HR. You take up work in another practical part inside the same business or make a complete movement to take up a part in another industry in the wake of finishing your MBA.

6. Pay correlation

The pay rates after culmination of MBA or MEM would rely on upon various variables, in particular, your earlier work involvement in the field. When all is said in done, understudies seeking after MEM have a tendency to be more youthful though MBA graduates have a more prominent work experience, so the compensations would differ as needs be.

The normal pay for MEM graduates ranges from $78,000 to $110,000. For MBA graduates, the post-MBA pay would be very variable and can begin from $46,000 for junior positions like money related investigator and could go upto $224,000 for senior positions like CFO.