I don’t think you get my point. An IE degree was essentially invented to put a management spin on an engineering degree. Where I went to college, there was no IE degree, there was a systems engineering degree and darn straight that everyone, including systems engineering majors, thought it was easier than the other engineering degrees. We had multiple people leave our major for systems engineering because the coursework was easier.
Every engineer must have a certain level of project management, economics, and analysis. It’s just that ChemEs, EEs, CEs, and MechEs all have their specialty classes on top of that. IEs (and my brother is one) tend to do senior projects on the analysis of the interaction of engineering projects and costs; other engineers tend to do senior projects on their specific area, often without a significant cost analysis.
Of course, that is contrary to real life unless you are working on a huge project; any medium or small engineering project often requires the engineer to do cost estimates and feasibility studies that someone on a huge project would leave to analysts with specific costing experience.
That being stated, I don’t think an average hiring manager would look down on an IE degree, but it would be harder to get certain engineering jobs with an IE degree than certain other combinations. For example, working in a chemical plant might entail a ChemE degree, but there are CEs who could do similar work, if we’re talking infrastructure and building process lines, and there are EEs who could do similar work if process control and monitoring is a more important issue.
For someone who wants a more impressive degree in the same realm, look at management and technology (M&T) programs. Generally you can concentrate in one area of engineering and get that degree, and get a business degree, and work the two degrees together.
http://www.upenn.edu/fisher/about
And that’s not even mentioning engineering technology degrees, which are assumed to lead to a technician level job. Where I teach, it is a 4-year degree that is basically half high school classes, for people who did poorly in high school or graduated many years ago.