I agree with smearcase - you need to decide what your career aspirations are. A degree in Engineering Management will be very focused on areas such as project management and rate of return analysis, and will be useful if you see your career evolving to managing engineering projects. An MBA sets you up for a career in more general areas of business management, markekting, or finance. What type of engineering did you study, and what type of firm do you see yourself working for? My advice would be different if you are, say, a civil engineer interested in designing and building infrastructure as opposed to an electrical engineer who wants to develop the next 128-bit processor, But in either case as a fresh undergrad you will not actually be in management for a while, and so my advice would be to wait 3-4 years to decide. Get some experience and you'll be better suited to make that decision. In addition, having 3-4 year experience will open up opportunities at higher-rated MBA programs for you - all the top MBA programs require several years of real-world experience in order to be accepted.
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