Engineers Should Study Finance: 5 Reasons Why

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VanessaCollister
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Re: I absolutely agree that
VanessaCollister   8/21/2014 7:23:29 AM
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The School of Engineering and Digital Arts successfully combines modern engineering and technology with the exciting new field of digital media. custom essays uk

 

t.alex
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I absolutely agree that
t.alex   8/18/2014 1:36:03 AM
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Engineers who want to take important role in the company needs to understand financial concept in order to see a bigger picture for the company. Of course they could team-work with finance team however it will help if engineers have some finance knowledge in order to make better decision for the company.

TaimoorZ
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Re: Comes naturally
TaimoorZ   7/31/2014 9:19:41 AM
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"But in general management courses engineer usually need to understand the bigger picture of the management."

@Himanshugupta: Based on the comments from one of my MBA professors, that has been the hardest part when it comes to engineers. They will understand the finance and economic concepts but the ability to look at abstract things and the "big picture" as you'd like to call, that comes with years of struggle.

nimantha.d
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Re: Comes naturally
nimantha.d   7/31/2014 7:05:37 AM
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@Himanshugupta: Coming up with numbers and graphics will catch the eye of the top level. They do not want detailed information but figures that can show what's needed. 

Himanshugupta
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Re: Comes naturally
Himanshugupta   7/30/2014 2:07:18 PM
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@TaimoorZ, i agree that engineers are better at numbers and logic thinking and related field such as Finance, Strategy, Analytics than HR, Sales and Marketing. But in general management courses engineer usually need to understand the bigger picture of the management.

Hospice_Houngbo
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Free MOOCs for Engineers
Hospice_Houngbo   7/28/2014 7:39:18 PM
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See below the links to some free MOOC courses that may interest scientists and engineers who want to learn Economics, Finance, Accounting... 

Principles of Economics for Scientists

Introduction to Finance

An introduction to Financial Accounting

Hospice_Houngbo
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Re: Why only finance ?
Hospice_Houngbo   7/28/2014 7:16:51 PM
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@apek : That is actually a good idea. I think some engineering curricula include some aspect of enterprise accounting, economics and law.

tech4people
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Re: Perhaps they do
tech4people   7/28/2014 3:27:15 AM
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Tirlapur,

Everybody (including Engineers) should learn Basic Finance.

I have to agree with you that Engineers don't need Complex Finance Solutions,etc.

In fact it just messes with and Complicates their Lives further(unneccesarily).

 

tirlapur
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Re: Perhaps they do
tirlapur   7/27/2014 3:48:46 PM
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@_hm: Most of the core engineers wouldn?t like to study finance, but they?d have to because the HR asks questions based on that subject too. I don?t think learning an in-depth finance is really needed unless you want to pursue a business degree or an MBA.

TaimoorZ
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Re: Perhaps they do
TaimoorZ   7/26/2014 8:43:25 PM
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@_hm: I think engineers need to know finance if they really want to become C-level executives in the future. Across all senior company meetings, people don't discuss engineering concepts. They talk about the business metrics and indicators that every senior executive must understand. An engineering education can only get an engineer so far. The rest has to be acquired.

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