MS Industrial Engineering -- Should I Bother Applying?

<p>Howdy folks.</p>

<p>I'm wrapping up my BS in mechanical engineering this upcoming fall at a small state school that's known (at least locally) for having a decent engineering program.</p>

<p>Graduate school is something that I've been debating on and off the past year and a half, but as of the last semester, I'm feeling that it's something I do really want to do. I've been taking a few industrial engineering courses as electives, and given my interest in management, process flow, and ergonomics (I'm looking to work in the consumer products industry), I figured going for a MS in industrial engineering with a focus on ergonomics/human factors would not only be beneficial, but also enjoyable. </p>

<p>I'm anticipating finishing my undergraduate with a GPA of 3.0-3.1 cumulative, with my last 2 years being a 3.1-3.2. I know that's not great.</p>

<p>I've been conducting independent research in my university's material fabrication and nanoscale characterization lab for the past year, and I stumbled upon something that is potentially patentable/monetizable. The chancellor of my university expressed interest in marketing my research if it came to that point, and the professor that's been serving as my sponsor plans to continue my research when I leave. I've presented at a few symposiums and have had quite a few grant offers, but don't have anything published (yet!).</p>

<p>I've worked in industry the past five summers, with one internship and two "summer engineer" (intern on a lower pay scale) positions with a respectable consumer electronics manufacturer in the area.</p>

<p>I have not taken the GRE yet, but I anticipate doing so either this summer or the following. I wouldn't plan on enrolling as a full time student until probably fall of 2016, so I'd be working for a year or so beforehand. </p>

<p>I'm not looking at applying to programs in the top 20-30; I know that my chances would slim to non-existent. However, I've had a professor or two say that I shouldn't have an issue with programs in at least the top 40-50. Am I cutting myself down too low, or being realistic?</p>

<p>I have several professors that have volunteered to write me recommendation letters, including the professor and lab manager I've been working with on my research. </p>

<p>Last but not least, the only way I'd be able to attend is if I'm fully funded, so an assistantship is a must.</p>

<p>So, after all of that, my question is: should I bother applying? Do I have a shot at a decent graduate program, GRE aside?</p>