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Specifically in chemical or mechanical engineering. Are the M.S. degrees considered more "valuable" in the industry as compared to M. Eng? Where might having only an M. Eng. degree be a detriment in the industry? (Since I have no plans of pursuing a PhD)

Do these two degrees experience about the same approximate "pay bump" as compared to those people with only a B.S. ?

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    I'm voting to close this question as off-topic because it's about how a degree is perceived in the non-academic workplace. Experts in Academia are not the best people to answer this question; expert answers would come from those who routinely do hiring in your industry. See the help center for further details. – ff524 Jan 15 '17 at 2:49