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Internship Engineering Economics Jobs in Texas (NOW HIRING)

INEOS

Chemical Engineer - Internship

League City, TX · On-site

Job Title Chemical Engineer - Internship Location Battleground Manufacturing Complex - La Porte, TX ... Understanding of cost/benefit economic analysis and budgeting. * Solid foundation in engineering ...

Phillips 66

2027 University Intern - Commercial

Houston, TX

$14.50 - $19.50/hr

An internship with Phillips 66 Commercial includes value-adding projects that analyze and evaluate ... Currently enrolled in a Bachelor's degree program in Engineering, Economics, Finance, Mathematics ...

Phillips 66

2027 University Intern - Commercial

Houston, TX · On-site

$14.50 - $19.50/hr

An internship with Phillips 66 Commercial includes value-adding projects that analyze and evaluate ... Currently enrolled in a Bachelor's degree program in Engineering, Economics, Finance, Mathematics ...

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Internship Engineering Economics information

What is an internship in engineering economics?

An Internship in Engineering Economics is a temporary position, often for students or recent graduates, where individuals gain practical experience applying economic principles to engineering projects. Interns typically work alongside professionals to analyze costs, assess project feasibility, and support decision-making processes in areas like budgeting, resource allocation, and financial planning. This role helps interns develop analytical, problem-solving, and communication skills that are valuable in both engineering and business contexts. The experience is designed to bridge the gap between academic knowledge and real-world applications in the engineering industry.

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

To thrive as an Engineering Economics Intern, you need a solid foundation in engineering principles, mathematics, and basic economic analysis, typically supported by progress toward a relevant engineering or economics degree. Familiarity with analytical tools like Excel, MATLAB, or project management software, as well as exposure to cost estimation and financial modeling, is advantageous. Strong problem-solving abilities, attention to detail, and effective communication help interns contribute meaningfully to project teams and analyses. These skills ensure accurate economic evaluations and support sound decision-making in engineering projects.

What types of projects or tasks can I expect to work on during an engineering economics internship?

As an Engineering Economics intern, you'll typically assist with analyzing the financial aspects of engineering projects, such as cost estimation, budgeting, and economic feasibility studies. Your daily responsibilities may include collecting and interpreting data, preparing reports, and supporting senior engineers or analysts in decision-making processes. You may also collaborate with multidisciplinary teams to evaluate investment options and optimize resource allocation. This hands-on experience is designed to help you develop both technical and analytical skills while gaining insight into how economic principles guide engineering decisions.

What is the difference between Internship Engineering Economics vs Engineering Analyst?

AspectInternship Engineering EconomicsEngineering Analyst
Required CredentialsTypically pursuing or recent graduate in engineering, economics, or related fieldsBachelor's or master's in engineering, economics, or related disciplines
Work EnvironmentInternship setting, often in corporate or consulting firmsFull-time professional role in engineering or consulting firms
Employer & Industry UsageUsed by companies for training and talent development in engineering/economics sectorsUsed for analyzing engineering projects, cost assessments, and economic evaluations

Internship Engineering Economics focuses on providing practical experience to students or recent graduates in applying economic principles to engineering projects. In contrast, an Engineering Analyst is a full-time professional responsible for detailed analysis, cost evaluation, and economic decision-making in engineering contexts. While internships are temporary learning roles, Engineering Analysts hold ongoing positions with greater responsibilities.

What cities in Texas are hiring for Internship Engineering Economics jobs?

Cities in Texas with the most Internship Engineering Economics job openings:

Internship Engineering Economics jobs near you

2027 University Intern-Lubricants

Phillips 66

Houston, TX • On-site

$2.5K - $3.3K/wk

Internship

Posted 13 days ago

Phillips 66 rating

7.4

Company rating: 7.4 out of 10

Based on 89 frontline employees who took The Breakroom Quiz

49th of 87 rated oil and gas companies

Job description

Phillips 66 & YOU - Together we can fuel the future
As a 2027 University Intern - Lubricants, you will gain hands-on experience through meaningful projects that help build your technical and professional skills at Phillips 66.
Encompassing an entire manufacturing, logistics and marketing value chain, Phillips 66 Lubricants is a market leader in North America and a growing part of the company portfolio. We differentiate ourselves through the quality of our products and our ability to capture opportunities effectively.
What You'll Do
Summer internship activities may include the following:
  • Orientation and training events, field trips, social activities, weekly seminars and opportunities to meet and interact with functional leaders.
  • Participating in continuous coaching conversations with your manager, who will provide direction throughout your internship.
  • Provided with an assigned mentor for further guidance and to help you with the technical challenges of your role and give assistance in navigating through the day-to-day questions regarding working in the corporate world.
  • Giving a presentation at the end of the summer to senior business leaders and key stakeholders. This is an opportunity for you to demonstrate what you learned in your internship and provide insight on your experience.
  • A summer internship with Phillips 66 Lubricants offers the opportunity to apply your skills and sharpen your business acumen, providing on-the-job experience with the economics and analysis that drive real business decisions.
  • Projects vary widely in scope, ranging from the optimization and debottlenecking of plant operations to the evaluation and development of market strategies
  • Learn about the Lubricants business by working with experts throughout the value chain and travelling across the country to visit refineries, production sites and a world class research and development facility
  • Utilize business management tools to optimize the Phillips 66 Lubricants' supply chain and analyze market intelligence to identify opportunities for growth in the industry

Key candidate characteristics include, but not limited to:
  • Analytical capability
  • Ambitious & driven
  • Business acumen
  • Values collaboration
  • Communication skills
  • Curious & inquisitive
  • Innovative thinking
  • Shared values
  • Passion for industry
  • Interest in trading

What You'll Bring - Required
  • Legally authorized to work in the job posting country
  • Currently enrolled in a Bachelor's degree program in Engineering, Economics, Finance, Mathematics/Data Analytics, Supply Chain Management, or equivalent field of study or a Master's degree in Economics, Finance or MBA
  • Greater than 60 hours of earned college credit
  • Graduation date of August 2027 or later
  • Available for a minimum of ten continuous weeks
  • Available to work at Houston, TX headquarters

What Makes You Stand Out - Preferred
  • A minimum cumulative GPA of 3.0 on a 4.0 scale
  • Previous internship or co-op participant in related industry
  • Strong analytical skills
  • Proficiency in Microsoft Excel

Compensation Range
This position has a pay range of $2,571 - $3,366 bi-weekly, dependent on a candidate's degree type and expected graduation date.
To apply and be considered:
  • Apply online by going to careers.phillips66.com. and complete the entire application process
  • Attach an electronic copy of your resume
  • Answer all prescreening questions and provide your eSignature

Candidates for regular U.S. positions must be a U.S. citizen or national, or an alien admitted as permanent resident, refugee, asylee or temporary resident under 8 U.S.C. 1160(a)(1). Individuals with temporary visas such as E, F-1, H-1, H-2, L, B, J, or TN or who need sponsorship for work authorization now or in the future, are not eligible for hire.
About Phillips 66
Providing Energy. Improving Lives. We are excited about the future of energy. Our advantaged and nimble company is full of seasoned leadership and talented teams making responsible choices to adapt and explore the opportunities the changing market brings. We do this while living out our values of safety, honor and commitment; improving lives by providing access to the energy which is essential to a high standard of living and health throughout the world. Our employees, suppliers and partners share this vision to provide energy and improve lives. Our hard work, and teamwork, keeps energy flowing. At Phillips 66, we know that now, more than ever, is the time to try new things.
Phillips 66 is an EEO and Affirmative Action Employer of Women/Minorities/Veterans/Individuals with Disabilities

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