Hi Joerg-Martin,
Thank you for an excellent question - this topic is genuinely important to me.
In the ideal scenario, which unfortunately rarely happens in real life, I believe that working at the intersection of engineering and economics - not as a pure engineer and not as a traditional cost estimator - truly requires two full-fledged, specialized degrees. Two solid bachelor's degrees: one technical, one economic. This gives a fundamental understanding of processes on both sides and allows a person not just to adapt but to actively influence strategic decisions.
If I could go back to the very start of my career, I would definitely have completed an engineering or construction faculty degree immediately after earning my bachelor's in economics. Especially since, at the time, the country where I lived and studied allowed obtaining a second degree by distance learning with a full bachelor's diploma. But later the legislation changed - and by the time I had been working for several years as a cost engineer at a power plant and realized that basic calculations were no longer enough for me, it turned out that getting a second distance-learning degree was no longer possible. Only adjacent fields like law or management in economics remained available. Blending engineering and economics through a standard educational path didn't work out for me.
And I chose work. Maybe it was a mistake, maybe not.
That's why today I firmly believe the ideal specialist of the future is someone with two specialized degrees. However, life shows that more often it's economists who, through experience, dive deeply into construction and engineering. And while practical experience alone cannot fully replace proper technical education, accelerated programs, professional courses, and specialized upskilling opportunities can be an excellent way forward. The reverse - engineers moving into financial project management and economics - happens much more rarely.
In my view, there are two equally valuable career trajectories here:
1 Two full specialized degrees
2 Or one degree + extensive experience in the complementary field, combined with constant professional development
This is a vital niche in the system of training professionals for complex infrastructure and industrial projects. And since you're someone involved in evaluating educational programs, I would sincerely recommend paying attention to this particular audience - people with formal education in one field and substantial practical experience in another. They are often left outside of conventional continuing education programs designed either for 'pure' engineers or 'pure' economists, while their need for integrated competencies is enormous.
This niche definitely deserves to be addressed systematically - both through academic programs and professional certifications. Because these are the people who will become the essential link between design, economics, operations, and strategic project management in the near future.
And to be honest - I'll share a little dream of mine. 😄 I'm currently developing the concept for an integrated platform that would combine engineering workflows, financial models, and project decision-making into a single ecosystem. It's still a work in progress, but maybe someday, people will be citing my methodology in textbooks as a new approach to cost engineering and project controls. You've got to find ways to keep yourself motivated on busy weekdays, right? 😅
If you or your colleagues ever have initiatives or ideas around educational programs for these kinds of multidisciplinary professionals, I'd be more than happy to join the discussion.
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Darya Stanskova Aff.M.ASCE
Cost Estimator, Construction Engineer, Power Engineer, Project Manager
Clearwater FL
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Original Message:
Sent: 06-02-2025 04:10 AM
From: Joerg-Martin Hohberg
Subject: Engineer vs. Economist: A Professional Split Personality or the Path to a Dream Job?
Several universities offer "industrial engineering" programs, in which a large part of engineering lectures is replaced by business administration lectures. In 3-yrs. Bachelors a lack of engineering knowledge is the consequence such that graduates usually work in sales or supply chain management, but hardly in design & analysis. In 4-yrs. programms, the engineering content my be sufficient, though.
I agree that cost aspects should play a role both in studying design variants and doing value engineering reviews. But I suppose that including life-cycle costs and sustainability aspects requires a strong experience in O&M activities to be developed with time. Also economic viabilty (ROI) analysis is demanding but necessary to convince owners of a project business case.
The classical way is still a full-blown engineering study programme followed by an MBA. Or what would you suggest?
Kind regards, Martin Hohberg (vetting engineering study programmes for ENGINEERS EUROPE (https://engineerseurope.com/).
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Joerg-Martin Hohberg D.I.C., MSc, Ph.D., Aff.M.ASCE
Senior Consultant
Bremgarten B. Bern
Original Message:
Sent: 05-19-2025 10:05 PM
From: Darya Stanskova
Subject: Engineer vs. Economist: A Professional Split Personality or the Path to a Dream Job?
After reading your article Improve your civil engineering decision-making process, I realized that engineering decisions are not just about calculations and drawings. They are acts of choice made under conditions of limited information, constrained resources, and time pressure. Cognitive biases, the lack of alternatives, or unclear values can all lead to poor decisions, even when the technical solution seems correct.
I would truly appreciate receiving your opinion in a letter addressed to me personally, in PDF format with your signature, if possible. I would love to hear your thoughts on the topic of my research, which focuses on the development and justification of a digital platform that integrates technical and financial aspects of maintenance planning and execution at industrial energy facilities. May I kindly ask you to share your thoughts on this topic? Your opinion would mean a great deal to me. <maskemail>dashaveremchuk996@...</maskemail>
This system is designed to overcome process fragmentation-where technical departments and financial units operate in different environments and follow separate procedures. AI integration enables cost forecasting, automatic processing of regulatory documentation, and adaptive scheduling. Such a system would greatly simplify decision-making, improve budgeting accuracy, reduce delays caused by coordination, and minimize the risks of deadline breaches and budget overruns.
As someone who embodies both the engineer and the economist within, I often find myself debating between logic and calculation. Sometimes they argue. Sometimes they fall silent, exhausted. But sometimes, they find common ground-and that's when real project magic happens.
Your vision is structured decision-making. My vision is a digital platform where engineers and economists no longer argue, because they work with the same data, see the same picture, and speak the same language of metrics and consequences.
We both believe that the quality of decisions begins with the quality of dialogue.
And sometimes, that dialogue happens within ourselves.
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Darya Stanskova Aff.M.ASCE
Cost Estimator, Construction Engineer, Power Engineer, Project Manager
Clearwater FL
Original Message:
Sent: 05-19-2025 06:10 PM
From: Mitchell Winkler
Subject: Engineer vs. Economist: A Professional Split Personality or the Path to a Dream Job?
I am interested in the intersection of engineering and decision-making. The fact that you don't often see reference to cognitive biases in civil engineering practice for the built environement suggests that this important concept is not well understood or embedded. The link is to an article I wrote on the subject from 2022.
https://www.asce.org/publications-and-news/civil-engineering-source/article/2022/03/22/improve-your-civil-engineering-decision-making-process
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Mitch Winkler P.E.(inactive), M.ASCE
Houston, TX
Original Message:
Sent: 05-18-2025 07:59 PM
From: Darya Stanskova
Subject: Engineer vs. Economist: A Professional Split Personality or the Path to a Dream Job?
I'm a woman engineer. I'm a builder. And yes, I have a degree in economics.
Throughout my entire career, I've constantly witnessed the same thing: engineers arguing with economists, and economists arguing right back. And there I am, in the middle - thinking, who's actually right?
Sure, that's what managers are for - to smooth things over, build bridges, and align perspectives.
But have you ever thought: What if there were a platform where engineers and economists could truly work together? Let's call it the dream platform. A place where each side speaks a language the other understands. Where financial models reflect real processes, and technical solutions fit within real budgets.
Sometimes I joke: Imagine combining both roles into one person - a financial engineer!
Sounds terrifying, doesn't it? But maybe that's exactly what we need.
To be honest - no, I don't have a split personality.
I have a split profession. And sometimes, I find myself arguing… with myself. As an engineer and an economist. And somehow, I always lose - to myself! 😅
But perhaps, that's the path to a dream job.
Not just building or budgeting. But creating new methods, resolving tensions, and seeing the full picture.
Maybe laziness - the refusal to accept inefficiency - is the real driver of progress. And maybe that's what drives me now.
I'm currently developing a platform that integrates engineering workflows with financial and project decision-making. It's still a work in progress, but I believe the future belongs to those who speak both languages.
I would be truly grateful for your professional opinion.
If you're interested in the intersection of engineering and economics, I warmly invite you to collaborate.
Any expert feedback, critique, or advice is deeply valuable to me.
Have you ever caught yourself in a mental dialogue between professions?
Tell me - who do you argue with more: logic or calculation?
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Darya Stanskova Aff.M.ASCE
Cost Estimator, Construction Engineer, Power Engineer, Project Manager
Clearwater FL
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