Industrial Engineering VS Acct and Finance for Ibanking
Is Industrial engineering hard compared to accounting or finance?
I heard industrial engineering is comparable to supply chain.
Is Industrial Engineering Hard?
How hard a major is depends on the school, the program, the professors, your abilities and your dedication to your classes. In general engineering is considered to be more difficult than accounting or finance.
Industrial engineering usually includes courses such as:
- Supply chain management
- Transportation management
- Scheduling
On its own, the major may not be too useful for breaking in to banking. If you combine with major with operations research (OR), you may be better prepared for finance roles. OR requires more advanced mathematics but you can learn more about optimization methodologies and stochastic modeling and processes.
Related Reading
Want to go into banking don't do engineering period, learned that the hard way.
Just ask the kids at MIT, firms go there for technical M/B/B positions or S&T. I-banking recruiting is pretty bad.
engineering is pretty common from what I've seen..... I'm not sure about MIT though..... I would be shocked that ibanks don't recruit there
Engineering is a great major. If you fail to break into banking you can get a well paying job. Take a look through half the posts on here and see how many people fail to obtain that "holy grail" which is banking.
Who cares if MIT has a lot of tech recruiting. Hit up an alumni and get an interview that way. OCR is great, but if XYZ firm doesn't come to campus life is not over. Reminds me of people who don't change the channel because it would require them to use an ounce of effort to get up and grab the remote. God forbid someone had to type an email and send it to someone asking for help.
Thanks Anthony!! Do you know if industrial engineering is a hard major compared to acct or finance?
I do not know much about industrial engineering. I would say that Accounting and Finance are on par when it comes to the respective level of difficulty.
Everything depends on the school you go to, alumni network, GPA, internships, EC's, on and on. It is real hard to give blanket advice. With that being said, banking is extremely hard to break into and if you major in finance you are going to be doing IB or corp finance or end up doing BO and being miserable. If you do engineering you will have the technical proficiency to make a strong case for banking, but if that fails you can fall back on a great career rather than always being in the shadows of your dream job.
Just my opinion.
Thanks Anthony
IE is considered a fairly weak engineering major comparing to ME, CS, or even OR.
IE mostly contains courses that are to be applied to SCM. You learn stuff about inventory management, generic courses in SCM, transportation management, scheduling etc. When coupled with OR, it is extremely useful. OR provides an individual with knowledge in a lot of optimization methodologies. Most important courses in OR tend to be optimization based courses and of course stochastic modeling and processes. If you learn OR I believe you can easily break into finance (provided they hire you!). I have a MS in OR and can tell you that accounting and finance courses were cakewalk for me, compared to the courses in OR.
So to answer your question, Industrial Engineering sans the OR courses are not that hard. Though I think IE is still harder than finance/accounting.
Thanks Autobot. That was helpful. I have a stupid question.. What's OR stand for? I tried to go to a couple college engineering website to try to figure out which major that is, but I still can't figure it out.
Operations Research
Is Operations Research a business major or an engineering major? Thanks
OR is an engineering major, but the field of financial engineering, which is still arguably an engineering major, was derived partly from it.
http://talk.collegeconfidential.com/business-major/26026-operations-res…
More info.
From what I've experienced, finance majors at my school generally take operations research courses to fluff up their gpas. If math isn't an issue for you, I'd personally say that industrial engineering is easier than finance which in turn is easier than accounting. If math (particularly linear algebra and stats) is a challenge for you, obviously don't major in industrial engineering.
Edit: no clue as to which majors are more relevant to finding a job
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