I came across this symbol in my engineering class and I have never seen it before. Anyone know this?

I came across this symbol in my engineering class and I have never seen it before. Anyone know this?

On
This symbol is often used, primarily in physics, to denote direct proportionality. so the RHS and LHS of your expression only differ by some scalar multiple.
On
As others have pointed out, this symbol means "is proportional to." That is, $$a \propto b$$ means that there is some constant $C$ such that $$a = Cb.$$
That being said, in the interests of "teaching a man to fish", it is worth pointing out that it is often possible to "reverse engineer" the meaning of specific mathematical symbols using DeTeXify. In this case, drawing the mysterious symbol gives
Either \propto or \varpropto seems to give the correct symbol. TeX often uses "var" to indicate a variation of a symbol (for example \epsilon $\epsilon$ vs \varepsilon $\varepsilon$; \theta $\theta$ vs \vartheta $\vartheta$), so "propto" seems like a reasonable guess as to what this symbol should be called. Googling this term gives a large number of results, many of which are relevant.
It typically means proportional to. Such that
If $$y=cx$$ for some constant $c$ we say
$$y\propto x$$ so that when x grows, y grows proportionally by the ratio $c$
Alternatively inverse proportionality is when
$$y=c\frac{1}{x}$$ so that when x gets smaller, y gets bigger proportionally by $c$
$$y\propto \frac{1}{x}$$ to my knowledge there isn’t a symbol specifically for inverse proportionality and $$y\propto \frac{1}{x}$$ is used instead