TY - JOUR
T1 - Finance major to construction engineer and manager
T2 - 126th ASEE Annual Conference and Exposition: Charged Up for the Next 125 Years, ASEE 2019
AU - Moravec, Tyler Jack
AU - Herstein, Kelli
AU - Stentz, Terry Lee
N1 - Publisher Copyright:
© American Society for Engineering Education, 2019
Copyright:
Copyright 2020 Elsevier B.V., All rights reserved.
PY - 2019/6/15
Y1 - 2019/6/15
N2 - The purpose of this article is to give insight into the knowledge, or lack thereof, that an undergraduate of finance has when matriculating into a master's degree in construction engineering and management. On the surface, there would seem to be a large gap in the knowledge that a finance student has versus what they will be required to know in order to enter into the construction management field. However, there are many advantages that a finance student can bring to a construction engineering and management program. Finance students are taught to think critically and analyze every detail of a company in order to determine its value both in the short term and the long term. A construction project is managed much like a company. By the end of the project, the goal is to build a product on schedule, on budget, and per contract. Finance students are trained to identify how and where profit can be made through critical analysis of financial statements. A large portion of the work a construction manager does has to do with budgeting and forecasting the future. Extrapolating data and understanding what the data means is a key factor to how finance students study and work. This thought process is valuable to the construction industry.
AB - The purpose of this article is to give insight into the knowledge, or lack thereof, that an undergraduate of finance has when matriculating into a master's degree in construction engineering and management. On the surface, there would seem to be a large gap in the knowledge that a finance student has versus what they will be required to know in order to enter into the construction management field. However, there are many advantages that a finance student can bring to a construction engineering and management program. Finance students are taught to think critically and analyze every detail of a company in order to determine its value both in the short term and the long term. A construction project is managed much like a company. By the end of the project, the goal is to build a product on schedule, on budget, and per contract. Finance students are trained to identify how and where profit can be made through critical analysis of financial statements. A large portion of the work a construction manager does has to do with budgeting and forecasting the future. Extrapolating data and understanding what the data means is a key factor to how finance students study and work. This thought process is valuable to the construction industry.
KW - Construction Industry
KW - Construction Management
KW - Finance
KW - Graduate
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M3 - Conference article
AN - SCOPUS:85078775373
JO - ASEE Annual Conference and Exposition, Conference Proceedings
JF - ASEE Annual Conference and Exposition, Conference Proceedings
SN - 2153-5965
Y2 - 15 June 2019 through 19 June 2019
ER -