<p>I am thinking of changing my engineering major from mineral to Industrial. I have seen that many engineering fields outside of the super technical ones like electrical and civil are very much intertwined. Most of them are just about management related to the engineering in a specific field. I want to hone my skills in business because I feel that that is truly the only way to be wealthy. I mean really, where to wealthy people send their children to school for? BUSINESS. Knowing how to manage people and money most of all seems to be one of the most valuable skills in people who are wealthy.
Doing something like Industrial seems like you will learn about the management of finances and about economics which is the most important aspect about becoming wealthy. I have learned this past year how little I know about money and investing. I think indutrial really focuses on this and that could give you the best of both worlds. I am so interested in money and am so good with people I think I would waste my natural skills on a major that would not allow me to use those skills to the full potential. I think it is a good move.<br>
Opinions?</p>
<p>First, you need to decide if engineering is the right major for you, or if you should be pursuing a degree in business, finance or economics. </p>
<p>Next, do your research on Industrial engineering (or ISE, industrial and “systems” engineering). The field has expanded beyond the plant/factory. Here’s a link to a quick overview:</p>
<p><a href=“http://www.ise.ufl.edu/prospective-students/what-is-ise/”>Academics | UF Department of Industrial and Systems Engineering;
<p>Good Luck!</p>
<p>My opinion? You should seriously consider leaving engineering for something like finance if that’s how you feel.</p>
<p>Well since I am currently an engineer it would be a complete path switch to go to a business major. I am up to Calculus 3 and no way in hell I letting that go to waste. I will prob do Industrial at Rutgers however. Thanks guys</p>
<p>I think you are a bit mistaken about what Industrial Engineering is. I have a degree in Econ and IE has very little to do with money management.</p>
<p>The only class that taught me anything about “Financial Management” was Engineering Economic Analysis but the title of this course is very misleading because it has very little to do with Econ, it is more like an Accounting/Finance class on steroids. Very dry and boring.</p>
<p>Like someone stated here previously, IE is more like an Applied Mathematics degree.</p>
<p>Of course, it has some aspects of “business” but its core is based on optimization and stochastic processes which are a lot closer to Applied Math and Statistics than any Business, Finance or Economics course I have ever taken.</p>
<p>YMMV. I took the accursed Engineering Economic Analysis class as well - only B I got at Purdue grad IE - and it remains my all time most fun class of all times thru 4 engineering and CS degrees…</p>
<p>The professor covered a lot of the decision analysis part of it, tho, i.e risk averse/seeking, experimental economics, insurance math, haggling, etc. </p>
<p>There are areas of IE that may be applicable to business, as bschoolwiz said, the quantative approach at least. You better like probability, as nearly every class began with a quick review of probability and we used lots of it. </p>
<p>Depending on what you have in mind and how flexible the program is, I’d talk to an adviser and see how you could do this. We know lots of IE’s (wife and I are both IE’s technically) and a few are in financial/business process type positions. </p>
<p>IEOR is more business/Finance.</p>
<p>What is IEOR? Btw thank you people for the advice. Yes I don’t know too much about it. I will be sitting in on a few IE classes on friday to get a better idea of it.</p>
<p>And I realize I wont get exactly what I am looking for but I want to have the opportunity to start my own business one day and I think IE will atleast cover some of the skills I will need to do so succesfully. I have my meet my parents half way. No way they will go for me going out of engineering at this point since I am already transferring. But IE seems to be the closest thing to what I am looking for. I will be able to adjust later on. </p>
<p>I have a Master’s in IE, and the only money-related class I had as part of the program was something akin to Finance 101. </p>
<p>So it is more about optimization? Like making a business more efficient? That is almost exactly what I am looking for. Seems useful.</p>
<p>I want to work on skills that are going to help me in my future when I try to open a business in whatever I feel like doing when I find myself. My sister just started her own law firm and she is an inspiration for me. So learning about business optimization seems to be a great choice.</p>
<p>“So it is more about optimization? Like making a business more efficient? That is almost exactly what I am looking for. Seems useful.”</p>
<p>Yes, yes, and yes. It’s about optimizing processes, from work processes and ergonomics to process flows, capacity planning, and so on.</p>
<p>It is very flexible.</p>
<p>Thankyou so much turbo93</p>