A degree in industrial management engineering combines the study of engineering, business and management in preparation for a career in industrial management. Working in this field means increasing efficiency in business operations, and can include working to analyze or plan logistics or costs for a business, supervise engineers, analyze data, and coordinate production processes. Some positions related to this degree are industrial engineer manager, industrial production manager, and management analyst.
Bachelor's degree programs in this field tend to focus on engineering and offer a concentration in industrial management engineering. These programs cover engineering, business and management principles. Graduate programs may result in a Master of Engineering (M.Eng.), Master of Science (M.S.) in Industrial and Management Engineering, or Master of Industrial Engineering (MIE). M.S. programs require a thesis, while M.Eng. and MIE programs normally do not. While graduate degrees may help with career advancement, they take an additional 2-3 years to earn, and most management positions in industrial engineering only require bachelor's degrees and job experience.
|Career Titles||Industrial Engineer Manager||Industrial Production Manager||Management Analyst|
|Education Requirements||Bachelor's degree||Bachelor's degree||Bachelor's degree|
|Projected Job Growth (2014-2024)||Architectural and engineering manager: +2%*||-4%*||+14%|
|Median Salary (2015)||Architectural and engineering manager: $132,800*||$93,940*||$81,320*|
Source: *U.S. Bureau of Labor Statistics
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Individuals with a degree in this field can work as industrial engineer managers, industrial production managers or management consultants. The minimum level of education necessary for most management level positions is a bachelor's degree. Those working in research positions may need to have a graduate degree, and holding a higher degree might promote job advancement opportunities for all professionals in this field.
Industrial Engineer Manager
Industrial engineer managers work with and supervise over industrial engineers as they conceptualize, design and test systems that manage industrial productions. Professionals in this field are concerned with streamlining all aspects of business operations, including labor, machinery, energy and materials. They may also be involved in quality and inventory control, logistics and cost analysis. The U.S. Bureau of Labor Statistics (BLS) reported that in 2015 that these workers earned a median annual salary of $132,800. The BLS predicted job growth of 2% between 2014 and 2024 for these managers, which is a slower rate of growth as compared to other occupations.
Industrial Production Manager
An industrial production manager coordinates the production processes included in manufacturing a product. They ensure that output amounts correspond with output plans and that the product manufacturing cost remains within the originally planned budget. Many of these managers have degrees in industrial production or industrial engineering. Unfortunately, jobs in this field are expected to decline by 4% from 2014 through 2024. In 2015, the median salary for these individuals was $93,940, according to the BLS.
Management analysts evaluate an organization's procedures and operations to identify places needing improvement. They may also suggest methods to make the business operate more efficiently. Sometimes, these consultants analyze and make suggestions for improving the financial management of an organization. The BLS estimated that job opportunities in this field would increase 14% during the 2014-2024 decade. According to a 2015 BLS report, there were 614,110 management analysts in the nation at that time. Records from 2015 indicated that these professionals earned a median annual salary of $81,320.
An industrial engineer manager supervises and coordinates the work of engineers, while an industrial production manager is more involved in the actual production process and how to stay on budget. Management analysts assess and advise on efficiency within a business. All of these positions require a bachelor's degree, although a graduate degree may be beneficial for career growth.