Engineers who balance their technical and problem-solving skills with a solid understanding of the business environment can significantly improve their likelihood of professional success.
There are two major ways to incorporate business into an engineering major. The first of these is to pursue one of two business minors offered at Valparaiso University. The second would involve continuing graduate education after completing the engineering degree, either in the Master of Business Administration (MBA) program or in the Master of Engineering Management (MEM) program.
The Business Administration minor provides students with a thorough knowledge of business topics, including accounting, legal aspects of business, economics, statistics, finance, management, and marketing. A total of 31 credits is required, including nine specific undergraduate business courses. A student earning this minor will have a very strong foundation in business administration.Courses to complete the Business Administration Minor
For students who do not wish to pursue a full Business Administration minor, Valparaiso University also offers a Liberal Arts Business minor, which requires only 21 credits. Although some elements of business administration are omitted, the fundamentals are covered, and many students find it easier to fit a Liberal Arts Business minor into their engineering curriculum.
ACC 205 Financial Accounting
3 credits ACC 206 Managerial Accounting 3 credits BLAW 104 Legal Environment of Business 3 credits ECON 221 Economics-Micro 3 credits ECON 222 Economics-Macro 3 credits IDS 205 Business Statistics 3 credits FIN 304 Financial Management 3 credits MGT 304 Management and Organizational Behavior 3 credits MKT 304 Marketing Management 3 credits
Courses to complete the Fundamentals of Business Minor
ECON 222 Economics-Macro
ECON 221 Economics-Micro 3 credits ACC 205 Financial Accounting 3 credits BLAW 104 Legal Environment of Business 3 credits FIN 304 Financial Management 3 credits MGT 304 Management and Organizational Behavior 3 credits MKT 304 Marketing Management 3 credits One course from the following: 3 credits
ENGL 300 Introduction to Professional Writing
MATH 240 Statistical Analysis
PSY 201 Statistical Methods
SOC 321 Data Analysis
ACC 206 Managerial Accounting
IDS 205 Business Statistics
CE 202 Statistical Applications in Civil Engineering
ECE 365 Probability and Statistics for Electrical and Computer Engineers
Students who would like a deeper knowledge of business than that provided by either of these minors might consider joining the MBA program after completing their undergraduate degree either on a full-time or part-time basis. The MBA program is designed to teach managers how to apply the theories learned at the undergraduate level. It also incorporates special emphasis on the use of technology such as MBA LIVE, the importance of sustainability, and the incorporation of ethical standards into all business decisions.
Engineering students who complete the Business Administration minor and then pursue an MBA degree after graduation will only need to take a total of 38 MBA credits, which is typically done in one calendar year, if attending full-time. As a result, students can complete both their undergraduate engineering degree and their MBA degree in a total of five years.
Another way to learn about business and engineering is to join the MEM program after completing an undergraduate degree. This program has been specially designed for those who would like to learn more about managing technical teams. While there is slightly less breadth and depth in general business topics than the MBA program, the MEM program incorporates several very special opportunities for students to learn about engineering management. Special focus on project management gives students a detailed knowledge of modern management techniques, including software tools and electronic reporting mechanisms.
he MEM degree requires a total of 38 credits, and applicants need not have an engineering degree to apply. It can typically be completed in one year of full-time study, so that students can earn both their undergraduate engineering degree and an MEM degree in a total of five years.If you are interested in pursuing any of these business opportunities, your adviser can aid you in creating a plan of study.
For more information regarding the MBA or MEM, please visit the website at www.valpo.edu/mba or contact the MBA Office at 219.465.7952