Dual Industrial Engineering and MBA programs are the perfect choice for those who want to pursue a career where they manage complex engineering projects. In this dual program, you will usually earn two degrees: a Master of Science in Industrial Engineering and a Master of Business Administration. In this article, we will discuss the common coursework and entrance requirements for a dual degree program of this type.
Common Coursework for Dual Industrial Engineering & MBA Programs
Your dual MS in Industrial Engineering and MBA degree program may take two years or more to complete over 50 credits of courses that fulfill both degrees. Below, we will explore some common core courses that you might be required to take.
Linear Programming and Extensions
Linear programming studies mathematical methods that are designed to come up with the best possible outcome or solve complex logistical problems. For your MS in Industrial Engineering, you will most likely take this course in order to study and solve problems in resource allocation and transportation. You might also study core linear programming concepts, such as parametric programming, special structured models, and decomposition of large-scale systems.
Also for your MS, you may take a course in engineering statistics, which will apply classical statistics theory and concepts to the field of industrial engineering. You will also study statistics in terms of how it can help manage and improve an organization. In a course of this type, you could also examine specific statistical methods, including parameter estimation, linear regression and correlation, multiple regression analysis, and fractional factorial experimentation.
Engineering Project Management
To round out the MS part of your dual degree, you might also be required to take a class that teaches you the different tools and techniques for effective project management. In this course, you might study such concepts as time management, planning, cost and resource control, and conflicts. Some courses of this kind might also require that you execute a group project, which will help improve your managerial skills, or will require you to apply project management concepts to specific industrial engineering problems.
Organizational Behavior and Leadership
For your MBA, you may be required to take a course that teaches you how to effectively manage individuals and teams within a business setting. You could study a range of different topics, including motivation, ethics, power, influence, and negotiation. Also, you might examine organizational culture as a whole and how an effective leader manages all aspects of that culture.
Financial accounting is a general core MBA course that usually teaches the basics of accounting and financial statements. In this type of course, you will most likely learn how to read and analyze financial statements as well as how to interpret the information. You might also learn how to prepare financial reports and how to use these for accounting purposes. Last, you may study credit decisions and investment in an accounting context.
For your MBA, you may study different marketing theories and concepts, such as promotion, product planning, pricing, consumer wants and needs, and distribution. This type of course aims to give you a thorough understanding of marketing strategies and how managers can best execute that strategy. Some courses of this type may require you plan a major marketing project or that you examine marketing case studies.
Common Entrance Requirements
Along with common coursework, dual industrial engineering and MBA programs will also have some common entrance requirements. First, you will need to submit an application, a fee, transcripts, letters of recommendation, and a resume. Most dual programs of this type will also require that you hold a bachelor's degree in the field of engineering or a related field. Some programs could accept you without this kind of bachelor's degree, but you may be required to take leveling classes. You will also need to submit GRE or GMAT scores. Some schools may require three years of work experience as well.
In your dual Industrial Engineering and MBA program you will take engineering-focused courses as well as business courses. When applying to this kind of program, it's recommended that you already hold an undergraduate degree in engineering, computer science, or math.