Simultaneous changes in decline of public funding and new metrics how universities are compared caused a financial crisis especially to the field of engineering education. For this reason, Metropolia University of Applied Sciences implemented two year long MeTeLi-project to re-think the engineering education for the following financially challenging years and still maintain the high quality of the education. The MeTeLi-project took place between 2011-2013 and caused a major paradigm shift in Metropolia’s engineering education. A great emphasis was put into the first year studies, integrated learning, co-teaching, and project based learning principles. During the re-design process, the CDIO Standards provided excellent answers to numerous practical questions. This paper summarizes the results of the MeTeLi-project and analyses how this transformation affected on the metrics.