Engineering Management

My own cynical jaded view is that a degree in 'engineering management' isn't worth a jot unless you have real experience in the field.
You have 1 years experience, have you managed any projects or developments or parts of projects?
Ask yourself who would you employ if faced with the following two candates?

(I'm assuming the MA is a 2 year course in the following)

a) Has good relevant engineering degree, has managed part of a big project as deputy to manager. 3 years experience.

b) Has good relevant engineering degree, has one year experience and an MA in engineering management.

I'll bet 9 out of 10 cats would employ Mr (or Miss) a).

If you are lucky enough to have a job in the current recession, I'd say hold onto it and learn. If you don't have a job I'd advise looking for one, if I had a choice of employing an engineer or a manager I'd employ an engineer every time. I've met plenty of engineers who could mange, but not so many managers who could engineer.
Del