Transition metal silicides have good potential for converting waste heat into electrical energy at higher temperatures. Transition metal silicides are used as thermoelectric alloys at higher temperatures because of their low toxicity, high natural abundance, good transport properties, and better thermal stabilities. In this article, thermodynamic, and thermoelectric properties of promising metal silicides are reviewed, calculated, and compared for waste heat recovery application. Higher manganese silicide (Mn4Si7) was produced from easy one-step self-propagating high-temperature synthesis (SHS) procedure of arc-melting technique. Characterization of the alloy phases were done using X-ray diffraction (XRD). In this study, lattice constants, Vickers microindentation hardness, and thermoelectric (TE) properties (Seebeck coefficient, electrical conductivity, thermal conductivity, and figure of merit) of Mn4Si7 alloy were experimentally determined, and compared with the reported literature values.