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Engineering Economics Jobs in Michigan (NOW HIRING)

Amyris, Inc.

Manufacturing & Engineering Manager

Leland, MI · On-site

$95K - $118K/yr

  • Medical

  • PTO

Provide economic analysis and budgetary review to support new product introductions and process ... Oversee all engineering functions using Planning, Organizing, Implementing, and Controlling (POIC ...

Gerdau

BUYER

Monroe, MI · On-site

A bachelor's degree in business administration, Engineering, Economics or related field or at least 10 years of direct procurement experience generating and implementing contracts, as well as ...

Gerdau

BUYER

Monroe, MI

A bachelor's degree in business administration, Engineering, Economics or related field or at least 10 years of direct procurement experience generating and implementing contracts, as well as ...

Emerson

Global Engineering Director

Novi, MI · On-site

  • Medical

Knowledge of Business Administration, Economics, Computer Science, and principles of business and technology. * Experience as managerial contributions in Engineering, Research and Development within ...

City of Shakopee, MN

Global Engineering Director

Novi, MI · On-site

$120 - $160/hr

  • Medical

Knowledge of Business Administration, Economics, Computer Science, and principles of business and technology. * Experience as managerial contributions in Engineering, Research and Development within ...

Pwc

Managed Services - Senior Data Engineer - Manager

Detroit, MI

$99K - $232K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

... Economics and Finance & Technology, Operations Management/Research, Statistics, Engineering - Demonstrating proficiency in Business Intelligence and Reporting Tools (BIRT) - Utilizing Python and Java ...

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Engineering Economics information

Is engineering economics difficult?

Engineering economics involves analyzing costs, benefits, and financial factors related to engineering projects, and it requires understanding of economic principles, mathematics, and engineering concepts. The difficulty depends on a person's background in these areas and their familiarity with financial analysis tools like present worth and rate of return calculations. Developing strong analytical skills and gaining practical experience can help manage the complexity of the subject.

What are the typical responsibilities of an engineering economics professional?

Engineering Economics professionals are typically responsible for evaluating the financial viability of engineering projects, conducting cost-benefit analyses, and preparing detailed economic forecasts to guide project planning. They often collaborate closely with engineering teams, project managers, and financial departments to gather data, assess risk, and ensure resources are optimally allocated. On a daily basis, they may work on developing financial models, presenting findings to decision-makers, and recommending strategies to improve project efficiency and profitability. This interdisciplinary work enables organizations to make data-driven investment and project management decisions.

What is engineering economics?

An Engineering Economics job involves applying economic principles to engineering projects to ensure cost efficiency and financial feasibility. Professionals in this field analyze costs, evaluate investment decisions, and optimize resource allocation for engineering projects. They work in industries like construction, manufacturing, and infrastructure development to balance technical and financial considerations. Their role helps organizations make data-driven decisions that maximize profitability while maintaining project sustainability.

What are the key skills and qualifications needed to thrive in engineering economics?

To excel in Engineering Economics, you need strong quantitative analysis, economic modeling, and engineering fundamentals, usually backed by a degree in engineering or a related field. Familiarity with financial analysis software, spreadsheet modeling, and cost estimation tools is highly valuable, and certification such as Professional Engineering (PE) or specialized economics credentials can be advantageous. Excellent problem-solving, attention to detail, and communication skills help professionals explain complex cost-benefit analyses to technical and non-technical stakeholders. These competencies ensure accurate economic assessments and informed decision-making, directly impacting project viability and resource allocation.

What jobs combine engineering and economics?

Jobs that combine engineering and economics include roles such as engineering economist, cost analyst, project manager, and operations researcher. These positions often require skills in financial analysis, data modeling, and engineering principles to evaluate project feasibility, optimize resource allocation, and improve operational efficiency.

What are popular job titles related to Engineering Economics jobs in Michigan?

For Engineering Economics jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Engineering Economics jobs in Michigan look for?

The top searched job categories for Engineering Economics jobs in Michigan are:

Engineering Economics jobs near you
Infographic showing various Engineering Economics job openings in Michigan as of August 2026, with employment types broken down into 87% Full Time, 6% Part Time, 1% Temporary, 5% Contract, and 1% Nights. Highlights an 85% Physical, 5% Hybrid, and 10% Remote job distribution.

Advanced Cost Engineering & Value Optimization Lead

Stellantis

Auburn Hills, MI • On-site

Full-time

Re-posted 22 days ago

Stellantis rating

7.5

Company rating: 7.5 out of 10

Based on 130 frontline employees who took The Breakroom Quiz

14th of 44 rated automakers

Job description

Advanced Cost Engineering & Value Optimization Lead supports vehicle programs by driving cost optimized design decisions from early concept through hardware and software readiness. This role partners closely with Advanced Design Engineering, Product Development, and Cost Engineering to embed Design to Cost and Value Engineering principles directly into vehicle architecture, system design, and component development.
Operating within the Cost Engineering & Total Production Cost organization, the specialist ensures that cost targets, functional value, and design intent are aligned early, enabling competitive vehicles without sacrificing performance, quality, or customer value.
Key Responsibilities
Design to Cost & Value Engineering Leadership
  • Lead Design to Cost and Value Engineering activities from early Advanced phases through Tooling KickOff (TKOM), ensuring cost is treated as a design parameter, not a post design constraint.
  • Identify high-impact commodities, systems, and architectures for Value Engineering loops (Loop 1 & Loop 2), focusing on functional optimization, design simplification, and material/process efficiency.
  • Facilitate cross-functional Design to Cost workshops that generate actionable design changes tied to function, performance, manufacturability, and supplier capability.
  • Drive Value Analysis activities, challenging over-design, redundancy, and cost drivers while preserving customer-relevant features.

Design Convergence & Technical Collaboration
  • Partner with Advanced Project Engineering, Product Development Engineering, Manufacturing, Purchasing, and Suppliers to translate Value Engineering proposals into feasible design solutions.
  • Actively challenge designs to improve cost-to-function ratios, including architecture choices, part integration, material selection, tooling strategy, and manufacturing processes.
  • Support design convergence by ensuring cost-driven trade studies and alternatives are evaluated early and documented for leadership decision-making.

Cost Targeting & Benchmark-Driven Design
  • Support development of Total Production Cost (TPC) targets based on competitive benchmarking, reference vehicles, and "Best in Class" architectures.
  • Translate competitive benchmarks into clear, component level and system level cost guidance for engineering teams.
  • Promote a value based benchmarking mindset, focusing on how competitors achieve similar or better functionality at lower cost.

Program Economics & Decision Support
  • Collaborate with the Project Economics Manager to:
    • Monitor Design to Cost savings and track Value Engineering implementation.
    • Provide cost based insights for Chief Vehicle Engineer arbitration and major design decisions.
    • Support project convergence on vehicle TPC and vendor tooling investments.
  • Bring structured cost and value insights to stakeholders to provoke early action and informed design trade-offs.

Basic Qualifications:
  • Bachelor of Science in Engineering or related education field(Degrees in Accounting, Finance, or Business considered with strong engineering exposure)
  • A minimum of 8 years of experience in the automotive industry, advanced manufacturing or related industries
  • Strong understanding of automotive systems, vehicle architectures, and production processes
  • Proven ability to lead cross-functional, technical discussions and influence design outcomes
  • Data driven mindset with strong analytical skills and attention to detail
  • Advanced proficiency in Excel, PowerPoint, Teams, Outlook, and Word

Preferred Qualifcations:
  • Direct experience in Design to Cost, Value Engineering, and Value Analysis
  • Experience linking functional requirements to cost drivers
  • Background in vehicle cost, product engineering, or manufacturing engineering
  • Ability to synthesize complex technical and cost data into clear recommendations for leadership

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