Michigan Tech defensive lineman Tanner Agen signed with the Kansas City Chiefs as a free agent at the conclusion of the NFL Draft Saturday night.
Agen was named to the All-GLIAC Second Team as a senior after leading Michigan Tech in sacks (5.5) while finishing third on the team in tackles with 62. The Kaukauna, Wisconsin, native notched 137 tackles during his four years with the Huskies – including 28 tackles for loss – and had 10 career sacks.
Agen and the Chiefs will begin rookie camps this month.
Senior finance and economics major, Kendra Rasner has had her Summer Undergraduate Research Fellowship (SURF) proposal accepted! Kendra’s project is entitled, “The Joint Effects of Sentiment and Investor Attention: An Investigation on Market Indices”. The funding was competitive with a record of 64 SURF proposals submitted! Kendra will work throughout the summer with faculty mentor, Dr. Heather Knewtson.
A few words from Kendra:
“When Dr. Knewtson first mentioned the possibility of doing research over the summer I was beyond excited. That same week I began reading, researching, and writing my proposal. Just last week I received an email notifying me that my proposal had been selected for the funding and I had to reread the email because I couldn’t believe it. I will spend a majority of my summer in Houghton taking a few classes and spending the rest of my time researching the joint effects of sentiment and investor attention on market indices. Building on previous financial models I hope to further analyze and increase the overall understanding of investor sentiment and attention as pricing factors. In order to achieve my research goals I anticipate I will spend many of my summer hours in the APMP lab and I couldn’t be more excited about it!”
At the 20th Annual Student Leadership Awards on Friday, April 18, FinanceU received the honor of Exceptional Program of the Year. FinanceU, an event in financial literacy put on by the Office of Financial Aid and the School of Business and Economics’ Finance Club on November 20, owes some of its success to its partnership with Michigan Tech’s Office of Financial Aid and Wells Fargo Bank.
The Finance Club and the Office of Financial Aid have partnered to produce the successful FinanceU events in order to help students make informed financial decisions. FinanceU’s mission is to foster a greater sense of financial literacy among all students, regardless of major. Topics discussed at this year’s event included financial aid opportunities, how to manage one’s personal finances, starting and continuously funding a substantial retirement plan, and provided students with online tools to help manage all of these aspects. Financial Aid Advisor, Cindy Cowell, and Wells Fargo Store Manager, Ellie Freeman, were on hand to answer questions from audience members, but the main focus of the event was for students to present information to other students, since research shows that individuals are better able to understand a message when it is delivered by a peer.
This second consecutive FinanceU event held at its roots the same message as last year’s activity; Michigan Tech students were given the knowledge and power needed to enable them to begin making sound financial decisions before even graduating from college. Similar to the previous year’s event, a survey was administered to participants, asking them to rate their knowledge of budgeting. This year’s FinanceU event was so successful that the number of participants doubled, with over 200 students completing the surveys.
Brett Ludwig, 2013/2014 President of the Finance Club was extremely proud of FinanceU’s accomplishments. “With this year being the second time FinanceU has put on the event,” Ludwig remarked, “we were hoping that it would be bigger and better than last year. Mission accomplished. With Donzel Dixson [Finance Club member] on the bullhorn outside, the flow of students coming to the booth as well as Finance Club members going throughout the library to ask people questions were astounding. We’re excited to host more events in the future.” Ludwig will be graduating in a few weeks, but will leave the Finance Club in the capable hands of Heath Johnson, 2014/2015 President.
Students in the Applied Portfolio Management Program are expanding their resumes by competing in another investment competition and gaining valuable real world experience.
The CFA Institute Research Challenge was introduced to a global audience in 2006 and is considered, “the investment Olympics” for university students. The event which hosted more than 3,000 students from over 650 universities, 89 businesses, and 106 societies in 55 countries and territories. This challenge is an annual global competition which provides hands-on mentoring and intensive training in financial analysis and professional ethics. Despite 2013 being the first year they competed in this challenge, our finance and economics students were able to advance to the global final of the event.
By compiling the highest combined report and presentation score and winning the regional competition, Michigan Tech qualified for global final. “As a team we set aside many hours of our time to research, compile, analyze, prepare, rehearse, and finally present our findings to a panel of judges. The true amount of work this project entailed is staggering, however we are thankful for the opportunity afforded to us,” said senior Finance major, Justin Wilson. Joining Justin to represent Michigan Tech was fellow Finance major Jessica Zaiki as well as economics majors Eli Karttunen and Anna Paul.
Each student was tested on their analytic, valuation, report writing and presentation skills and gained real-world experience as they assumed the role of a research analyst. Upon the team’s return, Jessica Zaiki noted that having the exposure to the CFA institute, investment professionals, and the high caliber of competition at the Americas competition expanded her knowledge of stock analysis and furthered my interest in pursuing a CFA in the future.
The experience was valuable for our students and it is a competition we look forward to having continued participation and success at in the future. Financial support for the student participation was provided via the James and Dolores Trethewey APMP Professorship.
Last Thursday evening, Vice President of Trust Investments at Superior National Bank, Chris Gariepy, spoke to a full room of Michigan Tech students as he shared his knowledge on common sense investing. Chris discussed highlights from his career on investing and money management. This event was supported by the Finance Club which promotes interest and knowledge in the field of Finance. The objectives of the Club are to increase interest in finance among Michigan Tech business students by relating the experiences of students, professors and alumni and to provide business students a comprehensive understanding of the finance industry.
Chris also provided valuable insight into what it takes as a new college graduate to start investing. Senior, finance major Walker Derby, said “I really enjoyed hearing from someone local who had pertinent advice for people going into the field as well as for individuals who are looking for a greater grasp on financial knowledge.” Derby also noted that having someone with extensive experience in the financial industry address questions was enlightening, especially for students who are new to the field.
Students in attendance from all School of Business and Economics majors benefited from the event. The information that Chris brought was insightful on real world applications and interactions of finance, management, economics, and accounting concepts.