Hey guys,
I am a junior in high school and I was wondering what Industrial engineering is all about.
If you could help me differentiate and explain the perks of a degree in IE and MBA, I would really appreciate it.
Thank you!
MBA is for grad school first of(Masters in Business Administration) engineering is more technical and involves application of higher level math. A bachelors in business administration is about learning about managing people how to market yourself how to apply the rules of economics. Engineering will get you a higher paying job after graduation than business but you will have more opportunities(if you choose not to pursue an MBA) in business. IN conclusion if you’re interested in both fields choose engineering and just end up getting your MBA but if you find engineering to challenging or you have no interest in it you can choose business
Industrial engineering is about the optimization of complex systems and processes. It’s often cited alongside business because many industrial engineers work in business to streamline processes and solve problems that businesses face: managing people, procuring and management equipment, conserving energy, producing/maintaining/acquiring materials, performing analyses, etc. The Bureau of Labor Statistics has a great short definition: “Industrial engineers find ways to eliminate wastefulness in production processes.”
The thing is, training in industrial engineering is widely applicable to a variety of fields. You can work an an industrial engineer, sure; you can also find work as a supply chain manager, a logistician, an operations research analyst, a management analyst, or a variety of other quantitative positions in business. Although the job outlook for IEs isn’t excellent according to the BLS, the job outlook for many of those other positions (as positions in general that require high-level quantitative analysis skills) is pretty good, particularly operations research, which is very closely related to IE.
Business administration at the undergrad level is a kind of catch-all major; the thing is, a business major doesn’t guarantee a good salary, and most recent college graduates working in “business” (which encompasses nearly everything that people do to make money) don’t have business majors. Business administration might be a good major if you want to go into the more management/organization side of a business, or do marketing or finance or one of those traditional sides of business. But the business majors who do the best tend to go to undergrads that have well-reputed business schools. And, as was already stated, you can major in IE in undergrad and get an MBA later. Or you can major in IE and work your way up to be a manager. Or you can major in IE and use your quant skills to segue into finance.
Thanks guys! I appreciate all the help you gave me