Posts under the ‘Announcements’ category

Haley Florinki smiles on with Dean Klippel and DECA Advisor Becky Lafrancois after her 1st place finish at Internationals.

Michigan Tech’s DECA Chapter attended the Wisconsin State Career Development Conference this year with all members traveling to Madison, Wisconsin to compete during the spring semester.  Members attending the event included: Brittany Barry, Angela Barr, Kaylee Betzinger, Haley Florinki, Frank Kampe, Gabe Kallungi, Sarah Ochs and Tom Simonsen.

Michigan Tech DECA students were very successful at the conference with all participating members taking home medals. Awards Received by each member are listed below:

• Haley Florinki took home the gold in the Banking and Financial Services category. She received a plaque and three medals.
• Sarah Ochs received the gold in a Business Research prepared event steaming from research conducted in her Marketing Research class with Dr. Jun Min. She received a plaque and three medals.
• Tom Simonsen took an overall of second place receiving three medals in the category of Corporate Finance.
• Brittany Barry received a medal in the Accounting Category with second place on her role play as well as placing in the top eight for her exam and being top eight overall. She took home three medals.
• Frank Kampe participated in Restaurant and Food Management placing third place for his exam.
• Angela Barr and Kaylee Betzinger worked as a team in their Business to Business event receiving a medal for being top eight in their event. Angela Barr also received a medal for being top eight in her exam for her category.
• Gabe Kallungi participated in Restaurant and Food Service Management receiving three medals by placing third for his role play.

DECA Vice President Haley Florinki was the only Michigan Tech student to go on to the international conference.  She traveled to Anaheim, California where she also took first place in the National Management Institute category.  We are proud of DECA Chapter and look forward to their continued success and growth.

MTU graduates Rosanna Chopp and Willow Carmody at this year's commencement ceremony.

What’s a university education worth? That’s a question often asked by students, parents and legislators.

According to 2013 rankings recently released by PayScale, Michigan Tech graduates rank 18th in the nation among 437 public universities in the return on investment (ROI) from their degrees. PayScale is a website that compares the cost of a college education to the salaries earned by graduates.

PayScale ranked Michigan Tech in the top 10 for ROI among Midwest schools. ROI is defined as the cost of attending college compared to the gain in income over thirty years of a college graduate over a high school graduate.

This year Tech ranked 77th among all 1,511 public and private colleges and universities evaluated by the website. Michigan Tech’s ranking in PayScale’s annual report rose from 102 among all universities and 44 among public universities last year.

“This is impressive,” said President Glenn Mroz. “It validates what we believe here at Michigan Tech, that we are truly preparing our students to take their place as well-educated citizens, to get jobs, earn good salaries and create the future.”

The report listed the typical starting salary of a Michigan Tech graduate at $56,000 and the thirty-year net ROI at $999,300.

In an interview on “The Daily Ticker” on the Yahoo Finance website this week, former Secretary of Education William Bennett said that the ROI is positive only for about 150 of the nation’s 3,500 institutions of higher learning. Michigan Tech is one of those 150. Bennett analyzed the ROI of colleges and universities for his book, Is College Worth It?

This article was written by UMC public relations director, Jennifer Donovan, for Tech Today.

Michael Morrison and Austin Kuttruff at the Century Center in Omaha, Nebraska.

Applied Portfolio Management Program members, Michael Morrison and Austin Kuttruff, gathered with thousands of stakeholders at the Century Center in Omaha, Nebraska over the weekend for the Annual Berkshire Hathaway Shareholder Event. The crowd in attendance was seeking an intimate exposure to Warren Buffet who is widely considered the most successful investor in the 20^th century.

Michael said that one of the biggest takeaways from listening to Buffett was “you have to love something to do well at it.” Being Finance majors, the two Michigan Tech School of Business and Economics students jumped at the opportunity to attend the shareholder event and learned about the passion that is required to be successful. The opportunity to meet Warren Buffett, his company, and its subsidiaries is highly coveted in the world of finance. Their itinerary included watching a movie about Buffett’s company, and the opportunity to ask him questions in an open forum.

Given the Warren Buffet is 82 years old, some shareholders had concerns about the future of Berkshire after he eventually steps away. However, Buffett addressed these concerns with confidence in his company and the people who work there, saying:

The priority is that all of us continue to zealously guard Berkshire’s reputation. We can’t be perfect but we can try to be. As I’ve said in these memos for more than 25 years: We can afford to lose money – even a lot of money. But we can’t afford to lose reputation – even a shred of reputation.

Buffet told an Omaha news crew that he’s not going anywhere anytime soon, but there is a solid plan for when he does eventually step down. The people who will continue his legacy know the steps they must take to continue to be successful.

Overall, the trip was a great learning experience for the two students which was financially supported by Joe Dancy and the LSGI Advisors Inc.

Director of APMP, Dean Johnson, prepares another group of students for APMP participation during their senior year.

On April 22nd, the Applied Portfolio Management Program (APMP) held the sixth Annual “Junior Day”. This special event serves to kick start the incoming juniors, as they take over as the new portfolio managers of the APMP portfolio. The juniors began their morning by attending the Spring APMP Advisory Board and watching the graduating APMP senior student portfolio managers present their year-end performance results.  After being introduced to the APMP Advisory Board, the juniors attended a series of guest lectures. This year’s guest speakers included: Ryan Layton, Tim Bailey, Larry Durland, and Paul Kasriel.

Ryan Layton and Tim Bailey are both APMP alumni and introduce the juniors to the program that led them to the careers they have today.  Ryan currently works as a portfolio manager with Main Street Investment Advisors in Chicago. Mr. Layton discussed the importance of asset allocation and the process used by Main Street Investment Advisors to determine a portfolio’s optimal asset allocation. Mr. Bailey works at Fortress Investment Group in San Francisco, which is a $44 billion Private Equity/Hedge fund. He discussed alternative asset investing strategies employed in the hedge fund industry with the new APMP students.

APMP Advisory Board Chairman Larry Durland, discussed the thoughtful development of an investment philosophy and strategy, during his time with the APMP teams. In addition to talking to the APMP teams, Mr. Kasriel also opened his presentation to the entire School of Business and Economics.  Over 60 students attended his guest lecture on the current macroeconomic decisions facing the Federal Reserve and investors. A resident of Door County, Wisconsin, Mr. Kasriel serves as the President of Econtrarian, LLC and is a senior economics and investment advisor with Legacy Private Trust Company of Neenah, Wisconsin.

Junior Day give the students exposure and experience talking with professionals working in the world of finance. As APMP team members, they will be responsible to the APMP Advisory Board as they manage over $1 million during their senior year at Michigan Tech.

Financial support for Junior Day was provided by James and Dolores Trethewey.

Michigan Tech’s School of Business and Economics has made it to the top 10 videos in the iOMe Challenge. As a part of the 3rd annual iOme Money Smart Week Video Contest, our students have a chance to win $250.00 for first place.  Vote for the winner by Liking the “Ome Challenge” Page and vote in the pole found on the wall of their Facebook Page.

Our team needs your votes because the winner will be selected through voting on Facebook. Take a minute to vote and spread the word to your friends!  Click here to Vote the for the Michigan Tech Team!  Go Huskies!

Voting ends TOMORROW Thursday, May 2nd at Midnight CST.