Most Affordable Online Master’s in Engineering Management Degrees

Are you ready to find your fit?

When you earn a degree in engineering management you will build a foundation in business leadership fundamentals.

Are you currently employed in a technical field but want to enhance your vocational outlook? Are you excited about the premise of leading teams to create innovative products? Are you hoping for a program that is specifically designed for working professionals?

Then an online graduate degree in engineering management may be the next best step for you!

Advance your career and become a technical leader with one of the most affordable online master’s in engineering management programs.

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What kind of online master’s in engineering management degree should you get?

Each program is unique in its format and emphasis.

For example, at the University of Maryland College Park you can earn a Master of Engineering degree with a specific focus on project management. However, at UCLA you can earn a broader engineering degree then specialize in business.

Find a program that not only offers the specialization you require, but also the format that works best for you. And take heart that each of these programs are offered fully online. Distance education is the way of the future, offering cheap tuition and notable flexibility.

For that reason, you should also look at College Choice’s Most Affordable Online Colleges and Universities for a Master's Degree.


How much money do people make with a online master’s in engineering management degree?

When you combine technology and engineering with business and leadership you’re looking at one lucrative career field.

Payscale, for example, notes an average annual salary for Engineering Managers of $110,827. But that’s just the average. Depending on experience and education, which a graduate degree can give you, engineering managers can make upwards of $155,000 a year.

What can you do with an online master’s in engineering management degree?

A master’s in engineering management degree opens up your career in innumerable ways.

This degree not only demonstrates your advanced technical skill sets, but it enables you to be a leader in an array of industries and settings.

Whether you want to work in chemical or bioengineering, consumer product design or civil architecture, there is always a demand for project managers and team leaders. One of these online degrees ensures a confident step into management positions.

What are the requirements for an online master’s in engineering management degree?

Most of these programs take at least two years to complete, though some can be earned in less time. Regardless, you’ll allocate your first term or two to core coursework. This entails foundational business courses such as:

  • Operational Management
  • Economics
  • Financial Accounting
  • Technical Entrepreneurship

Then, in your second year you will have the opportunity to narrow your scope. You can take electives in areas pertaining to your interests and career goals. These are wide-ranging, including everything from Six Sigma to lean technology, engineering statistics to probabilistic analysis.

What are the most affordable online master’s in engineering management degrees?

Though some of these engineering management degrees are offered through large research universities and others through small religious colleges, all share one thing in common: they offer the most flexible and affordable engineering management degrees.

To find the most affordable programs we first looked at every program across the country that offers the degree online. From there we calibrated tuition rates, financial resources, and scholarship opportunities. What we found are not only the 25 most affordable programs, but some of the best ranked too!

Our figures and information come from the university and colleges’ websites, PayScale, and nationally recognized US News & World Report and The National Center for Education Statistics.


See our rankings methodology page.

  1. Louisiana Tech University

    Ruston, LA




    Louisiana Tech University is located in Ruston and is part of the the University of Louisiana System. It is a public school committed to research development with current collaborations with NASA, the National Science Foundation, and more. Nearly 13,000 students attend LA Tech.


    LA Tech’s MS in Engineering and Technology Management degree allows students to concentrate specifically in engineering management. This is an ideal program for those who are interested in the tech industry and its relationship to engineering and leadership. Some of the classes you’ll take include:

    • Finance and Accounting for Non-Financial Managers
    • Engineering Administration
    • Economics and Decision Making
    • Statistical Analysis for Six Sigma


    Forbes names LA Tech one of “America’s Top Colleges.” Indeed, the school is lauded for its social mobility, community service emphasis, affordability, and academic excellence. Clearly strong in many areas, LA Tech is most known for its engineering, pathology, and education programs.

  2. University of Michigan-Dearborn

    Dearborn, MI




    The University of Michigan is not only one of the best schools in the nation, it is world-renowned for its engineering programs. And the Dearborn campus is no exception. UM Dearborn offers more than 100 academic programs, though its management and engineering degrees are among the best. Approximately 9,000 students attend this branch of the University of Michigan.


    The MS in Engineering Management degree at UM Dearborn consists of 35 credit-hours that can be earned fully online. This program will equip you for a career as a technical manager in a range of fields, from marketing to accounting, law, and finance. The wide-ranging curriculum covers everything you need to know about:

    • Production Management
    • Systems Engineering
    • Total Quality Management
    • Management of Product and Process Design


    Students at UM Dearborn have access to all the same resources, events, libraries and archives, and services of the main campus. And one could argue that UM Dearborn students also have access to the same prestige. The University of Michigan system is one of the best in the Midwest.

  3. University of South Florida

    Tampa, FL




    The University of South Florida is located in Tampa and is part of the State University System of Florida. It is a research university with more than 130 programs of study, including those offered through its renowned College of Engineering. More than 40,000 students attend USF.


    USF offers an MS in Engineering Management program designed to help you develop critical technical management skills. You will study both qualitative and quantitative approaches to leadership and production. And you will build your knowledge base in process optimization, entrepreneurship, and analytics through classes such as:

    • Technology Finance
    • Engineering Management Policy and Strategies
    • Work Design and Productivity Engineering
    • Management of Technological Change


    Ranked among the top 100 best public schools in the nation by U.S. News & World Report, USF is strong in many areas. For example, its engineering, library studies, education, and criminology graduate programs are some of the best in the country. It’s not surprising then that USF is considered one of the fastest growing research universities in the U.S.

  4. Purdue University

    Hammond, IN




    Purdue University is located in West Lafayette, IN. It was founded to provide education in the areas of science, technology, and agriculture. Today, however, Purdue offers nearly 300 programs in a range of academic and professional areas.


    At Purdue you can earn an MS in Engineering degree while specializing in Engineering Management and Leadership. This is a 33 credit-hour program that balances technical, industry knowledge and leadership development. Unique to Purdue is its emphasis on the global marketplace. Courses cover:

    • Accounting and Decision-Making
    • Strategic Marketing Management
    • Operational Management
    • Strategic Management and Business Planning


    A flagship university, Purdue is known for its research activities and contributions. The University even established renowned Discovery Park, a multidisciplinary research park consisting of nearly a dozen centers, labs, and facilities. Purdue is also a member of the Big Ten Academic Alliance and is ranked sixtieth nationally by U.S. News & World Report.

  5. University of North Carolina at Charlotte

    Charlotte, NC




    The Charlotte campus within the wider University of North Carolina System is a public, research-based university. Organized into nine colleges, UNC Charlotte offers more than 200 academic and professional degree programs. And nearly 30,000 students attend UNC Charlotte.


    The MS in Engineering Management program offered online through UNC Charlotte is a blend of business, systems operations, and organizational behavior classes. This is a hands-on degree that emphasizes real-world problems and solutions. In addition to core coursework on systems analytics and management, you can also concentrate in one of four areas:

    • Systems Analytics
    • Logistics and Supply Chains
    • Lean Six Sigma
    • Energy Systems


    Consistently ranked among U.S. News & World Report’s “Best Colleges,” UNC Charlotte is well-respected for its academics, social mobility, and research activity. Similarly, the university is also praised by the likes of Forbes, Washington Monthly, American City Business Journals, and more.

  6. Oakland University

    Rochester Hills, MI




    Oakland University located in Rochester Hills, MI. It is a public university that serves much of the greater Detroit area as well as students online. Offering more than 250 academic programs, Oakland is organized into seven colleges and professional schools, including its highly regarded School of Engineering and Computer Science.


    Oakland’s MS in Engineering Management program is offered through the Industrial and Systems Engineering Department. Though it is also in cahoots with the School of Business Administration. You are therefore assured to graduate ready to make hard management decisions within the tech industries. For example, some of the classes you’ll take include:

    • Product Lifestyle Management
    • Engineering Decision Analysis
    • E-Commerce and ERP
    • International Business


    Oakland is at the center of vibrant research activities. Indeed, its campus is marked by a broad range of research facilities. Among them are the Center for Creative and Collaborative Computing, the Center for Robotics and Advanced Automation, and the Center for Integrated Business Research and Education.

  7. Arizona State University

    Phoenix, AZ




    Arizona State University is the largest research university in the state. It is a public school with five campuses in and around Phoenix. And with over 72,000 enrolled students, including those studying both on campus and online, ASU is one of the nation’s biggest universities.


    ASU’s online MS in Engineering Management program consists of 30 credit-hours, which are spread over 10 courses. This is also an interdisciplinary program that combines business fundamentals and leadership development with technical training. Indeed, ASU graduates have gone on to find careers as:

    • Architectural Managers
    • Systems and Software Managers
    • Strategic Technology Developer
    • Engineering Educator


    ASU is recognized as one of the “Most Innovative Schools in America” by U.S. News & World Report. It is well regarded for its research pursuits and is among the top 20 universities nationwide for research expenditures. ASU has graduated numerous Fulbright, Marshall, Truman, and Rhodes Scholars.

  8. New Mexico Institute of Mining and Technology

    Socorro, NM




    The New Mexico Institute of Mining and Technology is based in Socorro, NM in the Rio Grande Valley. Offering around 50 degrees in technology, engineering, business, and technical communication, as well as the sciences, New Mexico Tech is considered one of the best small tech colleges in the nation. Around 2,000 students attend.


    You can earn an MS of Engineering Management degree from New Mexico Tech that is fully online. Through this program you will gain the skills and knowledge needed for leading complex technology-based projects. This is a 30 credit-hour program designed specifically for working professionals. Graduates have gone on to acquire careers as:

    • Design Engineers
    • Client Services Analysts
    • Project Managers
    • And much more


    Newsweek counts New Mexico Tech as being among the best small science and engineering schools in the nation. Likewise, the National Science Foundation ranks it among the top 15 nationally. Finally, New Mexico Tech is a recognized National Center of Academic Excellence, which brings in substantial research opportunities and scholarship funding.

  9. Missouri University of Science & Technology

    Rolla, MO




    Missouri University of Science and Technology is located in Rolla and is part of the larger University of Missouri System. It is a public school known for its academic strengths across the STEM fields. Its engineering, business, and management programs are some of the best and most popular. Nearly 9,000 students attend Missouri S&T.


    When you earn your MS in Engineering Management degree from Missouri S&T you will find yourself at the intersection of high-technology and business development. Not only will you become fluent in the languages of engineering and technology, but you will become an analytical leader who can drive and inspire companies. Core courses consist of:

    • Project Management
    • Advanced Financial Management
    • Operations Management Science
    • Management for Engineers and Scientists


    The University is home to the Engineers without Borders program, which currently has around a half dozen ongoing projects around the world. This initiative, among many others, reflects Missouri S&T’s commitments to global advancement through STEM research and outreach.

  10. University of California Los Angeles

    Los Angeles, CA




    The Los Angeles member within the University of California System is a public, research-driven institution. It is one of the oldest in the system and currently serves more than 45,000 undergraduate and graduate students. UCLA is comprised of over a dozen colleges and schools, including the Anderson School of Management.


    UCLA’s online MS in Engineering program allows you to specialize in management. You will therefore develop your understanding of business fundamentals. And you will learn the ins and outs of systems engineering, quality and reliability engineering, and project management. Some of the business-focused classes you can expect to take include:

    • Operation and Supply-Chain Management
    • Financial Management
    • Management Communication
    • Intellectual Property and Business Law


    UCLA is ranked the top public university in the nation by U.S. News & World Report. Likewise, many of its individual departments and colleges are among the best of their kind. The Anderson School of Management, for example, offers some of the nation’s strongest engineering programs.

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