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Engineers and Finance

Question asked by Kartik Vyas in #Coffee Room on Oct 11, 2007
Kartik Vyas
Kartik Vyas · Oct 11, 2007
Rank D1 - MASTER
It was a normal afternoon, the airconditioned meeting room of the engineering giant's office was replete with talented engineers; some of them young and enthusiastic, others not young still enthusiastic and some others who were fighting to keep the deamons of post prandial slumbers away from taking full control of their bodies. Meeting starts.The speaker, animated after some good opening remarks, asks the crowd why are we in the business for? One engineer says, to give our best. Other , we build the nation. Third to keep the customers happy and to get more business. The executive, smiles and says all that is correct but we are in the business for making money, or for wealth creation in other words.
This is precisely the point that I want to make here. Agreed we all here because we are engineers. But engineering, like every other business aims at making things better and importantly at making money. No invension , no matter how great , will be of any use if it is not commercially viable. This is where engineering differs from art. Not a lot of people are going to buy a miniature mp3 player which is as small as a nail , which is a great engineering marve but costs million dollars. So the bottomline is that money matters!
And Finance is the science of managing money. A penny saved is penny earned, but a penny invested well is even more than that. So CE Finance aims at informing engineers, if not educating, about the finance domain. Finance is a big domain and covers a lot of stuff from valuations to pricing, from tax to the bourses. So come be a part of this effort to understand the complexities of finance and money. Just to empasize an Urdu adage :
"Paisa khuda to nahi , magar Khuda kasam, Khuda se kam bhi nahi!"
So stay informed and stay ahead with CE Finance. Posted in: #Coffee Room
suyash
suyash · Jan 10, 2008
Rank C2 - EXPERT
You are absolutely correct, when you say, "A penny saved is penny earned, but a penny invested well is even more than that."
I have taken an elective called, Financial Engineering in the last semester, tell me about that too please..
Mukta123
Mukta123 · Mar 16, 2011
Rank E2 - BEGINNER
Hi
I am a teacher in engineering college and teach Finance to budding engineers.
You have very rightly written that Money is very important for any business. It is very important for engineers to have knowledge of Finance.
However, there are very few colleges that teach Finance to engineers during their engineering degree. I think Finance should be a subject in Engineering, at least optional if not compulsory..





KGV
It was a normal afternoon, the airconditioned meeting room of the engineering giant's office was replete with talented engineers; some of them young and enthusiastic, others not young still enthusiastic and some others who were fighting to keep the deamons of post prandial slumbers away from taking full control of their bodies. Meeting starts.The speaker, animated after some good opening remarks, asks the crowd why are we in the business for? One engineer says, to give our best. Other , we build the nation. Third to keep the customers happy and to get more business. The executive, smiles and says all that is correct but we are in the business for making money, or for wealth creation in other words.
This is precisely the point that I want to make here. Agreed we all here because we are engineers. But engineering, like every other business aims at making things better and importantly at making money. No invension , no matter how great , will be of any use if it is not commercially viable. This is where engineering differs from art. Not a lot of people are going to buy a miniature mp3 player which is as small as a nail , which is a great engineering marve but costs million dollars. So the bottomline is that money matters!
And Finance is the science of managing money. A penny saved is penny earned, but a penny invested well is even more than that. So CE Finance aims at informing engineers, if not educating, about the finance domain. Finance is a big domain and covers a lot of stuff from valuations to pricing, from tax to the bourses. So come be a part of this effort to understand the complexities of finance and money. Just to empasize an Urdu adage :
"Paisa khuda to nahi , magar Khuda kasam, Khuda se kam bhi nahi!"
So stay informed and stay ahead with CE Finance.
Kaustubh Katdare
Kaustubh Katdare · Mar 16, 2011
Rank A1 - PRO
Mukta123
Hi
I am a teacher in engineering college and teach Finance to budding engineers.
You have very rightly written that Money is very important for any business. It is very important for engineers to have knowledge of Finance.
However, there are very few colleges that teach Finance to engineers during their engineering degree. I think Finance should be a subject in Engineering, at least optional if not compulsory..
Thank you for bringing up the topic. Finance is an important topic but not many engineering colleges teach the subject. However, here on CE, we have an opportunity to take up simple topics and discuss them so that everyone can build basic understanding of this very important topic.

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