Engineers: The New Leadership Class

By Geoffrey C. Orsak, Dean of Engineering, SMU

You have heard them all before: no interpersonal skills, prefer gadgets over people, and let's not forget the tired clichés of pocket protectors and slide rules. Yes, I am talking about those ever persistent stereotypes of engineers. No matter how much engineers do to improve society through our innovations, smarts, and hard work, as a group we are consistently dogged by old perceptions that engineers are better off in the laboratory than in roles which require significant human interaction with the outside world.

Well, like so many generalizations, when you get beyond the stereotypes and look at the real data you find some startling facts - facts that in this critical era of intense global competitiveness should lead to a rethinking of the role of the modern engineer.

In today's reality, engineers are the new leadership class. Don't believe me? Well, consider a recent survey of the S&P 500 CEOs by the global executive search firm SpencerStuart. Of these 500 key corporate leaders, nearly a quarter (23%) were educated as engineers and computer scientists.

In fact, engineering is the most common college major among S&P 500 CEOs, with the number two, not surprisingly being business administration (15%).

However, when you appropriately adjust for the relative numbers of majors (U.S. colleges and universities award four times as many business degrees as engineering degrees) you uncover a striking fact: A young college graduate with an engineering degree is approximately six times more likely than a graduate with a business degree to become a CEO of an S&P 500 corporation - and not just among traditional engineering companies. ExxonMobil may be headed by an engineer (Rex Tillerson, BSCE), as is Texas Instruments (Richard Templeton, BSEE) and Raytheon (William Swanson, BSIE), but engineers are also running financial institutions like Wells Fargo (Richard Kovacevich, BSIE) and Harford Financial Services (Ramani Ayer, BSChemE) as well as insurance giant Progressive (Glenn Renwick, BSME). The list goes on and on.

So today, engineers are not only innovating our new products, but more importantly, engineers are also leading the companies that build and sell these products.

This fact matters in our field. Because of concern about outsourcing technical jobs, young engineers more than ever need to develop leadership and management skills in addition to their technical competencies to help them stay relevant throughout their careers. Many organizations already understand this and have been creating professional development programs that enhance management skills.

However, universities have been slow in recognizing and addressing the broadening of the engineer from technical expert to technical leader. This must be addressed if our new graduates are to stay globally competitive in a marketplace where foreign engineers are just as talented and come at fractions of the cost.

At my own institution, SMU engineering has focused much of our curriculum to support engineering leadership training and development. As a consequence, two very interesting and important things have occurred: The numbers and strength of students matriculating into our program has increased dramatically while the numbers of companies recruiting these multitalented students has also increased in breadth and diversity.

So it's time to let go of the negative age-old engineering stereotypes and replace them with one which is much more accurate: today's engineer is indeed a global leader.

 

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