Industrial Engineering vs. Economics for MBB
Which major is best for MBB? I’m an incoming freshman dual-majoring in Industrial Engineering and Mathematical Methods in Social Sciences at Northwestern, but the vast majority of MMSS kids with consulting aspirations dual-major in Economics. I think I’m more interested in Industrial Engineering, but it will be harder on my GPA. Without any of that in mind, though, which major would be better for MBB? Just curious
The engineering major would typically be looked at more favorably, but honestly it wouldn't matter that much. You should make the decision based on what you're more interested in than a likely insignificant marginal probability of getting a specific job 4 years down the road
Just make sure you're still building your resume with leadership and internships throughout your undergrad - some engineers just do STEM stuff which can make it a bit harder to get a non-STEM job like consulting
Awesome, thanks. I’m definitely more interested in Industrial Engineering, so that’s a relief to hear. Do you think the benefits outweigh the GPA deflation, as well? This is just for curiosity’s sake, as I plan to pursue IE over Econ even if not, since it is what I’m more interested in.
I'd go for the engineering major because it's what you're interested in, and you won't be just another cookie cutter econ major. I studied structural engineering in college even though I knew after my sophomore year that I didn't ever want to be a licensed PE. Be mindful that GPA deflation is real. I took a lot of Gen Eds (including 5 economics courses and a second major in a foreign language lol) to pad my GPA enough to keep over a 3.8 cumulative. I had my fair share of exams where the average was 30-40% and they got curved to an 80%, but you'll be in it together with everyone else in your class and look back on it fondly. I think in today's business environment, advanced analysis has become so accessible to clients internally that we as consultants need to go above and beyond to deliver useful insights, so this is where engineering's toolkit comes into play: computational programming, statistical techniques, and the scientific method. It's easy to hit the desk and wow people when you're the only one comfortable with numbers beyond simple Excel and Alteryx workflows in your pod, and trust me the day will come when shit hits the fan and you need to break out the big guns.
Engineering can also have huge subject matter expertise benefits in certain sectors (I'm in Industrials, but can also be true for Tech and some Digital groups). I had good rapport with my interviewing partners who were also engineering majors (instead of a case interview we just talked about heat transfer and home insulation lmao), and on one case I actually did a near copy paste of my senior capstone project for a client through pure chance (embodied carbon life cycle analysis for a certain chemical product which was key to a go/no go decision on a new factory using a sustainable manufacturing technology). Experts you interview are also more willing to share when thay can tell that you understand how their manufacturing process or technology works and what the technical trade-offs are between certain products. After starting, I made top bucket on my first review cycle and am lined up for a minimum of above average and hopefully top bucket on the next cycle which I attribute heavily to my engineering background.
The bottom line is that engineering can be fun, as long as you keep up the GPA, and it can make the job that comes after fun too. Good luck.
Sunt optio qui quidem et. Rem labore est ut molestiae est.
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