Why NYU’s $1 Billion Engineering School Investments are Such a Big Deal
Engineering jobs remain increasingly in high demand, with recent studies showing the engineering sector had a year-over-year job growth rate of more than 3.5% with 94,400 new jobs. Machine learning engineers, computer hardware engineers, and software engineers are all incredibly popular (and well-paid!) career paths for emerging graduates. It’s no wonder that NYU is doubling down its focus on engineering school investments.
NYU recently announced a $1 billion investment in the Tandon School of Engineering in hopes of competing with other high-end programs around the globe, including the funding of 40 new full-time faculty and expanded research spaces. In an effort to be future-focused with the evolving use-cases for engineering skills in an evolving, ESG-driven industrial world, NYU’s engineering school investments will also be focused on sustainable engineering initiatives for innovations in transportation, sustainability, and carbon footprint control.
What makes this investment so exciting for the larger engineering industry? Ron Stefanski, host of the DisruptED Podcast and an evangelist for trade skill education, says that this is reflecting the growing importance of engineering in society. As technology advances, Stefanski says we need more highly-skilled and highly-trained talent across the globe to keep up with industry 4.0 demand and the evolving skill-set of engineering with emerging edge technologies.
“We need more talent in the fields of advanced manufacturing. Why is this so important? Because Industry 4.0 is unleashing a torrent of innovations in the world of manufacturing. I had a chance recently to talk with Trevor Paul, the Chief Mobility Officer for the State of Michigan, along with Kerry Ebersol Singh, the Chief Talent Solutions Officer for the State of Michigan. Both of them pointed to the demographic trends that are gonna require us to invest and retain more and more engineering talent if we’re going to build the economic future that we’re all looking for. So great news and more I’m sure to follow.”
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