Engineering Business


Effective business practices and principles  underlie successful engineering products, services and companies. Understanding these  practices is essential  to developing effective engineering processes.  

U of T Engineering offers a suite of courses designed and taught jointly with the Rotman School of Management to provide you with rich opportunities to explore the field of engineering through a business lens.  

ISTEP faculty research and teach engineering business practices and support the integration of economics and business instruction in U of T Engineering curriculum.  

Engineering business and entrepreneurship are closely intertwined; be sure to check out our page about opportunities to develop as an engineering entrepreneur.

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Undergraduate Programming | Graduate Programming | Additional Opportunities


Programming for Engineering Undergraduates

Students in the Engineering Business minor participate in interactive class programming.
Engineering Business minor students take part in personality bingo, which encourages them to get to know each other through questions about behaviours that may be associated with particular personality characteristics.

Engineering Business Minor

The Engineering Business Minor is designed specifically for engineering students interested in learning more about the business dimension of engineering — from finance and competitive strategy to human resources, organizational behaviour and marketing. Courses cover wealth production and creation, accounting,  research  and development, management, economics and entrepreneurship — all within a  global context. This minor is administered by Faculty in ISTEP and the Cross-Disciplinary Programs Office in collaboration with the Rotman School of Management. Students in this minor must complete a minimum of six courses: follow the link for a full listing of the requirements and registration.

Certificate in Entrepreneurship, Innovation and Small Business

This certificate will prepare you to lead in complex and changing business environments by developing your entrepreneurial talents. It includes a course in economics and two rigorous courses in entrepreneurship.

Required Engineering Economics Courses

Every U of T Engineering undergraduate student is required to take a course in engineering economics. By academic program, these economics courses include:

  • Chemical Engineering: CHE 249H1F, CHE 374H1F
  • Civil & Mineral Engineering: CME 368H1F
  • Electrical & Computer Engineering: ECE 472H1F/S
  • Mechanical & Industrial Engineering: MIE 258H1F, MIE 358H1
  • Materials Science & Engineering: MIE 258H1F
  • Engineering Science: CHE 374H1F

Engineering Business Complementary Studies (CS) and Humanities & Social Science (HSS) Electives

U of T Engineering offers numerous elective courses in business practice, all from an engineering perspective or within an engineering context. These include:

  • JRE 300H – Foundations of Accounting & Finance (CS elective)
  • JRE 410H – Markets & Competitive Strategy (CS elective)
  • JRE 420H – People Management & Organizational Behaviour (HSS elective)
  • APS 500H – Negotiation in an Engineering Context (HSS elective)
  • TEP 234H (formerly APS 234H) – Entrepreneurship & Small Business (CS elective)
  • TEP 343H (formerly APS 343H) – Engineering Leadership (CS elective)
  • TEP 420H (formerly APS 420H) – Technology, Engineering & Global Development (HSS elective)
  • TEP 432H (formerly APS 432H) – Entrepreneurship & Business Management (CS elective)
  • TEP 442H (formerly APS 442H) – Cognitive and Psychological Foundations of Effective Leadership (CS elective)
  • TEP 444H (formerly APS 444H) – Positive Psychology for Engineers (HSS elective)
  • TEP 445H (formerly APS 445H) – The Power of Story: Discovering your Leadership Narrative (HSS elective)
  • APS 446H – Leadership in Project Management (CS elective)
    APS 502H – Financial Engineering (Industrial Technical elective, or Free Elective for other programs)
  • APS 510H – Innovative Technologies & Organizations in Global Energy Systems (CS elective)
  • CHE 488H / CIV 488H / ECE 488H / MIE 488H / MSE 488H – Entrepreneurship & Business for Engineers (CS elective)
  • MIE 354H – Business Process Engineering (Industrial Technical elective)
  • MIE 540H – Product Design

Engineering Business Futures Program

Open to both undergraduate and graduate students, this faculty-led series is related to the core areas of business: finance and accounting, competitive strategy, marketing, people management and organizational behaviour. Through activities, events, sponsored case competitions and dynamic networking events, this program offers you the opportunity to learn more about the career paths within the broad field of business.

Professional Experience Year Co-op Program

What better way to learn about business than to immerse yourself as an employee in an industry of interest? PEY Co-op provides the ideal balance of industry exposure and professional development. It can help you build a strong portfolio of meaningful experience and professional connections you’ll draw on after graduation. The program has a career education component as well as a work component. During the work component, you’ll immerse yourself as a full-time employee for 12 to 16 months after third year, with the option to complete a summer work term after second year.

Skoll BASc/MBA Program

The first degree of its kind in Canada to combine engineering and an MBA, the Skoll BASc/MBA program at U of T provides a unique opportunity to gain advanced business skills and facility with emerging technologies. Follow the link for program and application details.

Programming for Engineering Graduate Students

Graduate students working together.
Master of Engineering (MEng) students discuss an upcoming assignment.

MEng Emphasis in Entrepreneurship, Leadership, Innovation & Technology in Engineering (ELITE)

The MEng ELITE Emphasis is designed to enhance non-technical competencies that are vital to today’s engineer: leadership, finance and business, management, innovation and entrepreneurship.

APS 1020H – International Business for Engineers

Learn the basics of growing businesses and entering foreign markets. This course provides an introduction to global entrepreneurship, global strategy management and corporate social responsibility within a global context.

Engineering Business Futures Program

Open to both undergraduate and graduate students, this faculty-led series is related to the core areas of business: finance and accounting, competitive strategy, marketing, people management and organizational behaviour. Through activities, events, sponsored case competitions and dynamic networking events, this program offers you the opportunity to learn more about the career paths within the broad field of business.

Additional Opportunities in Engineering Business

Student Clubs & Teams

Students lead several business-oriented groups across U of T. Joining such teams can offer a wonderful way to meet like-minded students, participate in competitions and learn from professionals working in the field. Several teams also focus on consulting and business development. Involvement in student club opportunities often counts toward the Co-curricular Record (CCR). For more on how to get involved, visit the Engineering Society website or ULife online.