Rexnord makes $1 million donation to Marquette to launch program in business fundamentals
MILWAUKEE — Milwaukee-based manufacturer Rexnord has donated $1 million to help launch a program in business fundamentals.
It is geared towards engineers that recently earned their Bachelor’s degree.
The four-week program is set to begin in spring of 2016.
It will include a mix of classroom and real-world interactive learning opportunities.
Below is a statement from MU:
Marquette University’s Opus College of Engineering College of Business Administration have joined Milwaukee-based manufacturer to develop an immersive, four-week experience to give early career engineers business fundamentals.
The new program, Bridge to Business for Engineers, is being launched through a $1 million gift from Rexnord.
“Rexnord is making an excellent investment in our region’s future,” said Marquette University President Michael R. Lovell. “From my work with Milwaukee corporate leaders and young professionals, I know this program will have great value for all involved — including our university’s engineering and business faculty and staff.”
“We are excited to partner with Marquette University on an initiative that provides engineering students with valuable cross-disciplinary skills,” said Todd Adams, president and CEO of Rexnord. “We see great value in an engineering program that provides a solid technical background supplemented with broader business knowledge. This skill set will set graduates apart in the workplace.”
Bridge to Business is a concept that has been “bubbling up for years,” according to Dr. Brian Till, Keyes Dean of Business Administration.
“What we’ve heard from businesses that employ engineering majors,” Till said, “Is that these graduates are very competent engineers, but they don’t have enough appreciation for the business side.”
“As engineers advance in their careers, their leadership of major projects and new ventures is greatly influenced by their business acumen and their ability to see how innovation and technology development fit into the bigger picture,” added Dr. Kris Ropella, Opus Dean of Engineering.
Program design will take place this summer, and Marquette anticipates accepting applications later in the fall semester. The first cohort of approximately 20 students is scheduled to begin in spring 2017. Typically, cohorts will comprise 20-30 individuals who recently graduated with a bachelor’s degree in engineering — including engineers who have not yet begun full-time employment, as well as those with a few years of experience.
According to Till and Ropella, corporations — including Rexnord — have expressed a strong interest in having their new hires complete Bridge to Business before their first day on the job.
Taught by Marquette faculty, students will receive a blend of classroom and real-world interactive learning opportunities, and they will study the integration of business disciplines, including finance, marketing, supply chain management and IT, all with an engineering overlay.
“Bridge to Business is being designed specifically with engineers in mind with input from faculty and leadership from both colleges, as well as our business community partners,” said Kevin Walsh, P.E., adjunct instructor of business who helped lead the program’s development. “What’s more, it represents an excellent example of the productive partnership between engineering and business to advance Marquette’s vision of innovation and collaboration.”