Which minor is the best complement to an engineering major, finance or economics

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SUMMARY

The discussion centers on the choice between finance and economics as a minor for engineering students aiming for high-paying managerial roles in technology. A participant, pursuing a double degree in engineering and business, highlights the recommendation from an experienced engineer, suggesting that finance or industrial relations would be most beneficial. The participant ultimately chose finance, focusing on investment, corporate, and quantitative finance, indicating a strong preference for finance in engineering careers.

PREREQUISITES
  • Understanding of engineering principles and career paths
  • Basic knowledge of finance concepts, particularly investment and corporate finance
  • Familiarity with business management practices
  • Awareness of the role of industrial relations in corporate environments
NEXT STEPS
  • Research the impact of finance education on engineering management careers
  • Explore advanced topics in corporate finance and investment strategies
  • Investigate the role of industrial relations in engineering firms
  • Learn about the integration of finance and engineering in high-tech industries
USEFUL FOR

Engineering students, aspiring engineering managers, and professionals seeking to enhance their business acumen through finance or economics minors.

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So I'll be doing a degree in engineering but will have some space for some free electives and see myself working as a engineering manager in a high tech company in the future. My goal is to earn as much money as possible. (yes I am a modern ebenezer scrooge:D) Thus I'm interested to know which of finance or economics would be the better choice to study at this stage?
 
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When i was planning my degree (Im an engineering and business double degree), i asked the same question. I didnt really know who to ask since i didnt know any professional engineers, however, a friend of mine's uncle is an engineer who i believe has worked a fair way up the corporate ladder. While i didnt speak to him directly, my friend (who is also doing the same double degree) did. This guy said either finance or industrial relation subjects would be most applicable to a career in engineering. Luckily, finance is what i was interested in so i ended up choosing a triple finance major in investment/corporate/quantitative finance :smile:

Hopefully someone who does actually work in the industry can better answer your question.
 

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