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Ameer Khatri MBA Consultant

ESDES Lyon Business School Master In Management Overview

17/01/2024

NA

Avg. GMAT

NA

Work Experience

$95K

Avg. Cost of Study

18

Months Duration 

$130K

Avg. Salary

Summary

Introduction to ESDES Lyon Business School MIM

The Stanford University Master of Engineering Management (MeM) programme is a STEM-designated degree that equips engineers with the crucial technical and managerial skills required by private and public organisations. The course strongly emphasises growing analytical skills, improving decision-making, creating and implementing plans, and managing creative teams.

The Stanford MeM programme, in contrast to an MBA, covers both the technical and behavioural difficulties of managing complex systems and organisations. Students get the chance to work with top academics and practitioners from Silicon Valley and beyond while receiving instruction from faculty members who are internationally known in engineering, business, and computer science.

Why Study ESDES Lyon Business School MIM?

NA

FT Rankings

NA

US News

5

QS R

There are numerous benefits to earning a MEM from Stanford University. Here are a handful of the strongest arguments:

  • Stanford University has a well-regarded engineering programme. Stanford University’s MEM programme is taught by experts in engineering, management, and computer science. Some of the world’s most talented minds are available to teach students.
  • Stanford’s MEM programme has a strict admissions policy. As a result, only the most talented students are accepted into the programme. As a result, a challenging and competitive learning environment is created.
  • Stanford University’s MEM programme has a demanding curriculum. Numerous business, computer science, and engineering courses are compulsory for all students. This guarantees that pupils graduate with solid skills.
  • Stanford University’s MEM programme has a sizable alumni base. Alumni of Stanford MEM have prominent positions in a range of fields. Students may benefit from this network’s significant networking opportunities and career guidance.
  • Stanford University’s MEM programme is situated in Silicon Valley. Students now have the chance to network with top technological companies and gain knowledge from them.

Program Costs + Living Expenses : MeM at SU

$18,491

Avg. Cost of Tuition/Quarter

+ 

$14,537

Avg. Living Cost/Quarter

95,000

Avg. Cost of Study

The cost of the Stanford MEM programme is approximately $18,491 each quarter for full-time. Students who only attend part-time pay $12,540 every quarter.

Fees: In addition to paying tuition, students must also pay fees. These fees pay for a range of costs, including student government dues, technology fees, and health insurance for students. Fees are $2,376 for full-time students and $1,770 for part-time students per quarter for the 2023–2024 academic year.

Living costs: Living costs change based on the lifestyle and housing preferences of the student. For a single student living on campus, however, a conservative estimate of living costs is $14,537 each quarter. Housing, food, transportation, personal, and health insurance costs are included in this.

Supplies and books: The price of books Depending on the student’s course load and academic interests, the cost of books and supplies may vary. However, $500 each quarter is a fair estimate for books and supplies.

Transit: Depending on the student’s commute requirements and available transit options, the cost of transportation varies. However, $200 each quarter is a fair estimate for transportation.

Additional costs: Additional costs could include things like entertainment, travel, and presents. Depending on the student’s particular spending habits, the price of these expenses may vary.

Employement Prospects : MeM at SU

85%

Employed within 3 months of graduation

130K

Avg. Salary

    Most Sought-after Jobs

Investment manager.

Change management engineer

Fashion retail project manager

Capital markets analyst

Consultant

Mergers and acquisitions (M&A)

  • Technology: MEM graduates are in high demand in the technology industry, where they can use their skills to lead and manage engineering teams, develop new products and services, and solve complex technical problems. Some examples of technology companies that hire MEM graduates include Google, Facebook, Apple, and Amazon.
  • Finance: MEM graduates are also in high demand in the finance industry, where they can use their skills to analyze data, make financial projections, and manage investment portfolios. Some examples of finance companies that hire MEM graduates include Goldman Sachs, Morgan Stanley, and JP Morgan Chase.
  • Consulting: MEM graduates are also well-suited for careers in consulting, where they can use their skills to help clients solve complex business problems. Some examples of consulting firms that hire MEM graduates include McKinsey & Company, Bain & Company, and Boston Consulting Group.
  • Healthcare: MEM graduates can also use their skills to improve healthcare delivery, develop new medical devices, and manage healthcare organizations. Some examples of healthcare companies that hire MEM graduates include Johnson & Johnson, Pfizer, and Abbott Laboratories.
  • Energy: MEM graduates can also use their skills to address the challenges of energy production and distribution, develop new energy technologies, and manage energy companies. Some examples of energy companies that hire MEM graduates include Exxon Mobil, Chevron, and Shell.
  • Sustainability: MEM graduates can also use their skills to address the challenges of sustainability, develop new sustainable technologies, and manage sustainable businesses. Some examples of sustainability companies that hire MEM graduates include Tesla, Beyond Meat, and General Electric.

The average salary for MEM graduates is \$130,000 per year. However, salaries can vary depending on the industry, the level of experience, and the specific job title.

Eligibility Criteria for MeM at SU

Academic Qualifications:

  • A four-year bachelor’s degree from an accredited college is required of all students.
  • Students who possess a relevant technical background in engineering, physics, or another related field and meet the aforementioned degree requirement.
  • Students accepted to Stanford have an overall high school GPA of 3.0 on a 4.0 scale.

Student Eligibility for Indians:

If an Indian student satisfies one of the following requirements, they may apply: completed a 4-year UG degree with a first-class grade from an accredited university in a relevant discipline.

Note: Stanford does not consider a three-year bachelor’s degree in any discipline to be sufficient for graduate study. After receiving a three-year bachelor’s degree from India, you must complete a two-year master’s programme.

  • International students from non-English speaking countries must also meet the basic eligibility standards.
  • Avg. Score in IELTS 7.0 / 9
  • Avg. Score in TOEFL100 / 120
  • Avg. Score in PTE 68 / 90
  • Avg. Score in GRE 328 / 340

Documents required : MeM at SU

  • Online Application: Students have to submit an online application form at the official website.
  • Application Fee: Students need to submit their application fees.
  • Statement of Purpose: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
  • 3 Letters of Recommendation: Three letters of recommendation are required; one letter must come from an academic source, although Stanford prefers at least two. Recommendations must be submitted online. 
  • Official GRE Test Scores: Students have to submit their GRE Test Scores.
  • ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.

Application Deadlines - Stanford MEM

DateApplication Status
Late SeptemberOnline Application Opens
December 1, 2023 (11:59pm PST)Application deadline for Autumn 2024-25 for applicants also applying to the Knight-Hennessy Scholars program
December 12, 2023
(11:59pm PST)
Application deadline for Autumn 2024-25

The application deadline is final. Applications will not be accepted after the deadline.

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Application Essays - Stanford MEM

DateApplication Status
Late SeptemberOnline Application Opens
December 1, 2023 (11:59pm PST)Application deadline for Autumn 2024-25 for applicants also applying to the Knight-Hennessy Scholars program
December 12, 2023
(11:59pm PST)
Application deadline for Autumn 2024-25

The application deadline is final. Applications will not be accepted after the deadline.

Scholarships Available : MeM at SU

  1. Stanford Graduate Fellowships
  •  Stanford Graduate Fellowships are given to exceptional graduate students based on their academic ability and research potential. Full tuition and stipend support are offered via fellowships for up to three years.
  • Students must have a high academic record, a demonstrated interest in research, and excellent letters of recommendation in order to be considered for a Stanford Graduate Fellowship.
  • Fellowships are frequently given to graduate students who are just beginning their studies.

2. Scholars at Stanford University

  •  Stanford Knight-Hennessy A highly selective scholarship programme called Scholars offers outstanding graduate students from all across the world full financial support. Scholars are picked based on their academic prowess, capacity for leadership, and dedication to public service.
  • To qualify, Students applying for the Stanford Knight-Hennessy Scholarship must have a high academic record, a commitment to public service that can be seen, and excellent letters of recommendation.
  • There is no set subject of study requirement, and scholarships are given to pupils from all around the world.

3. Management Science and Engineering Department at Stanford University Fellowships

  • Graduate management science and engineering students can apply for a number of fellowships from the Stanford Department of Management Science and Engineering. Scholarships are offered to fund research, stipend, and tuition costs.
  • Students must be enrolled in a degree programme in the Department of Management Science and Engineering at Stanford to be eligible for a Stanford Department of Management Science and Engineering Fellowship.

The criteria used to award fellowships are academic merit, potential for research, and leadership abilities.

4. Stanford Graduate School of Engineering Fellowships

  •  The Stanford Graduate School of Engineering provides graduate students in all engineering areas with a range of fellowship opportunities. Scholarships are offered to fund research, stipend, and tuition costs.
  • Students must be enrolled in a degree programme at the Stanford Graduate School of Engineering in order to qualify for a Stanford Graduate School of Engineering Fellowship.
  • Scholarships are given based on academic achievement, potential for future research, and leadership abilities.

5. Fellowships from Stanford University

  • Graduate students from many fields are eligible for a range of fellowships from Stanford University. Fellowships offer financial support funding for research, stipend, and tuition costs.
  • Students must be enrolled in a degree programme at Stanford University in order to qualify for a Stanford University Fellowship.
  • Scholarships are given based on academic achievement, potential for future research, and leadership abilities.
  • Graduate students who are unable to pay the entire cost of attendance can apply for financial aid via Stanford Financial Aid. Grants, loans, and work-study programmes are all forms of financial assistance.

Specializations & Electives Offered

MS&E master’s students complete breadth as well as depth. All are required to develop competence in optimisation and analytics, organisations and decisions, and probability.  In addition, every student pursues a speciality in one of seven areas:

  1. Financial Analytics
  2. Operations and Analytics
  3. Technology and Engineering Management
  4. Computational Social Science
  5. Decision and Risk Analysis
  6. Energy and Environment
  7. Health Systems Modeling

To know in depth about the curriculum and pre-requisites click here.

FAQs About MeM

You are eligible to apply if you have earned a Bachelor of Science in a similar science discipline, but you may be at a disadvantage compared to engineering majors who have applied. Please thoroughly review the requirements of the program in the MSME Graduate Handbook to help you decide if you are prepared for our program.

 Yes. Students with a BS degree are eligible to apply to the PhD program.

You can enter all types of work experience in the Education and Experience section as well as detailing these experiences on your CV (Resumé).

Students who have already received a Master’s degree or an equivalent international advanced degree in Mechanical Engineering or a closely related discipline are not eligible for admission to Stanford’s MS program in Mechanical Engineering. Students with a Master’s degree in a discipline that does not substantially overlap with Stanford’s MS program may apply.

Students who are already enrolled in a program leading to a Master’s degree or an equivalent international advanced degree in Mechanical Engineering or a closely related discipline are not eligible for admission to Stanford’s MS program in Mechanical Engineering.

Application Process & timeline

We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks

Step 1

GMAT / GRE Score

2-3 months.

If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

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