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Engineers Should Study Finance: 5 Reasons Why

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Measurement.Blues
User Rank
CEO
Re: Engineering and Economics
Measurement.Blues   7/21/2014 12:25:56 PM
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I'd like to amend GarySXT's statement to say:

Financially successful engineering is as much about good economics and good marketing as it is good technology.

I argue that you can have good engineering without financial success. remember Beta video tape?

Sanjib.A
User Rank
CEO
Re: MBA
Sanjib.A   7/21/2014 12:17:42 PM
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Exactly!! I tried doing MBA part-time while doing job but found finance a boring subject. Mathematical problems finance were interesting to solve but I found accounting horribly confusing...the balance sheet...oh!! I had to give-up for other reasons, but I was happy that I got rid of that...after all I like to spend time with electronics during that extra time became available...

But I agree that to be a good engineering manager or an entrepreneur, once should have good understanding of finance.

Larry Desjardin
User Rank
Blogger
Re: Engineering and Economics
Larry Desjardin   7/21/2014 11:40:45 AM
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Well said.  It is at the nexus of technology, markets, and economics.

GarySXT
User Rank
Freelancer
Engineering and Economics
GarySXT   7/21/2014 11:38:16 AM
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Good engineering is as much about good economics as it is good technology.

 

antedeluvian
User Rank
Blogger
Re: MBA
antedeluvian   7/21/2014 9:35:34 AM
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Martin

I actually though it would be a good idea to get an MBA part time.

When I finsihed my engineering degree, since I finished so far back in the pack, I decided that I wouldn't be a good engineer. I then did an MBA. It seemed to me an engineer as a manager was a good plan since a) you could get further organizationally and b) there were always managers who needed to understand what the engineers were doing.

Circumstances conspired and got me into engineering rather than management, and I have only recently moved part-time into management.

MeasurementBlues
User Rank
Blogger
MBA
MeasurementBlues   7/21/2014 8:55:48 AM
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I actually thought it would be a good idea to get an MBA part time. My best classes were economics and the worst were accounting and business law. Coming from an engineering background, I found the whole cencept of law illogical.

The required finance class was easy, but boring.

So I ended up taking a job as an editor.

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