Formula SAE is a student design competition. The concept behind Formula SAE is that a fictional manufacturing company has contracted a student design team to develop a small Formula style race car. The prototype race car is to be evaluated for its potential as a production item. The target marketing group for the race car is the non-professional weekend autocross racer. Of all the engineering competitions, Formula SAE is by far the largest and most competitive.

During competition, the prototype race car is judged in the following areas with the according points available in each area:

Static Engineering design 150
Cost Analysis 100
Technical Sales Presentation 75
Acceleration Event 75
Skid-pad Event 50
Maneuverability Event 150
Fuel Economy Event 50
Endurance Event 350
Total Points Possible 1,000

From: Bob Woods, 1996 Formula SAE Rules, (Warrendale, PA) : Educational Relations SAE International, p. 4.

In addition to these events, various sponsors of the competition provide awards for superior design accomplishments. For example, best use of M-85 methanol fuel, innovative use of electronics, recycliablity, crash worthiness, and analytical approach to design are some of the awards available.

Over the past twenty years Formula SAE has gained the respect of the automotive industry and professional race teams. Formula SAE encompasses all aspects of a business including research, design, manufacturing, testing, developing, marketing, management, and fund raising. Formula SAE takes students out if the class room and puts them in the real world. All too often engineering students graduate without the practical knowledge of how to design. Some of the worlds largest companies understand that fact, and as a result have an interest in Formula SAE.

Big companies, such as General Motors, Ford, and Chrysler, all feel that this event (Formula SAE) acts as a screening process for them. Over three days, their staff can interact with more than 1000 student engineers. Working in teams of anywhere between two and 30, these students have proved themselves to be capable of producing a functioning prototype vehicle. (Dean Case, Student Talent, Racecar Engineering, Vol. 5 No. 3 (England): p. 35)

In addition the automotive industry, professional racing has taken notice of Formula SAE. The volunteers for the design judging event include some the racing industries most prominent engineers and consultants including Carroll Smith, Bill Mitchel, Jack Auld, John LePlante, and Bryan Kubala. Involvement in Formula SAE means job opportunity.

The University of Texas at Arlington, Texas competed in the first ever Formula SAE competition in 1982, and won. Since then UTA has become the most respected and most feared team in the Formula SAE competition. "The "Team Penske" of Formula SAE is the University of Texas at Arlington, which has never finished outside of the top ten since its first entering in 1982. (Dean Case, Student Talent, Racecar Engineering, Vol. 5 No. 3 (England): p. 36)" In 1995 and 1996 competitions UTA won the top prize called the Spirit of Excellence Award along with several other awards and 17,850 dollars.