June 15, 2019
June 15, 2019
June 19, 2019
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.
Moravec, T. J., & Kopocis-Herstein, K. R., & Stentz, T. L. (2019, June), Finance Major to Construction Engineer and Manager: Summer Internship 2018 Paper presented at 2019 ASEE Annual Conference & Exposition , Tampa, Florida. 10.18260/1-2--32841
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