Author: Shannon Rinkinen

My Internship with Bank of America

By Breanna Stohr

student stands in front of canal
Senior finance major Breanna Stohr’s summer internship shaped her career goals.

My summer internship with Bank of America in Grand Rapids, Michigan, was a memorable one. The opportunities I was given were unbelievable. I am proud to say I was able to find not only my dream job but my dream company as well!

I experienced both the retail and the wealth management side of the company. On the retail side, I worked closely with my market leader and the leader of the Student Rush program. Through this program, I traveled to Grand Rapids colleges and universities to engage them in the opportunity of Bank of America coming onto their campus to teach financial literacy to students. I connected with many student-life representatives within the Grand Rapids community area. It was great!

In the downtown wealth management office (previously branded as Merrill Lynch, the American investing and wealth management division of Bank of America), I networked with established financial advisors within the Grand Rapids area. There, I cemented my career plan to become a successful financial advisor after I graduate this spring. I worked closely with a financial advisor on research projects including bank rates, budgeting tips, digital apps, unique ways to change daily habits in your financial life, constructive criticism, and hospice and home health care.

Throughout my internship, I grew as a young professional by experiencing many different work environments. Being a student from Michigan Tech made me stand out for sure. I demonstrated to teammates at Bank of America what Michigan Tech School of Business and Economics students can do, and also how involved the University is with preparing its students for the professional world.

It’s Okay to Be Undecided

by Emma Melchiori

As a huge pack of new Huskies joins the Michigan Tech family this fall, I am finding myself reflecting on the beginning of my journey at Michigan Tech, and particularly, the uncertainty I felt surrounding my major. It did not take me long to realize that engineering was not for me, and I was worried that it was not a good thing to feel this way.

If any new Huskies are reading this, I am here to tell you: it is okay to not feel settled in the major that you chose when deciding to come to MTU. If you feel like you made the wrong decision, do not panic. There is more than enough time for you to switch your major and make any changes necessary to ensure that you will get the right education for what you WANT to do!

Two students eating
That’s me, on the right, just beginning my journey in business last year

When applying to Michigan Tech, I applied into environmental engineering and shortly before classes started in the fall, I switched my major to engineering management because after finishing out my senior year of high school, I knew I wanted to do business as part of my career. After my first week of classes, I figured out that engineering was just not something that I was interested in. This is when I discovered the general business pathway within the School of Business and Economics. Although you cannot graduate with the major of general business, it has helped me to immerse myself in all sorts of different business classes to find out exactly which business path I want to travel down. It’s the perfect placeholder for a major if you know you want to end up in some field of business, but you aren’t sure exactly which one yet.

And remember, it is okay to be unsure!

Through general business, I have taken different business courses already and there are many more to come, of course, as I am a sophomore here now. So far, I have taken a liking to accounting, and am planning to declare my major in accounting soon. Other courses that I have enjoyed surround topics like economics and marketing. Some of these business courses can fill elective slots as well, so if you are simply curious as to what a business course might have to offer but do not want to declare a major in the School of Business and Economics just yet, why not take a business course and see what it is all about? It certainly can’t hurt! Maybe it could lead to a minor in business?

The thing that really sparked my excitement for accounting was the internship this past summer with an environmental engineering firm in my hometown of Marquette, Michigan. I was an accounting intern at a company called TriMedia Environmental and Engineering Services. It was a great learning experience for me, and I was able to do hands-on projects and tasks, which gave me a preview of what an entry-level job in accounting might look like. For these reasons, I urge anyone who wants real-world learning and a view into what a career in their field might look like to seek out an internship. For me, this experience sold me on accounting and helped me to envision what I want my future to look like.

If you are thinking of changing your major, my best advice to you would be to do the necessary exploring to find out what you love to do and chase that. I would rather be pursuing a major that I love than pursuing something that I will be kind of happy with. It might feel scary to abandon a major that you have declared for yourself, but from personal experience, I am much happier now that I have found accounting, and I believe you can find the perfect major for yourself, too!

Discover the business major that’s right for you. Take our online business major assessment now. 

Introducing the Husky Investment Tournament for High Schools

Student stands at NasdaqThe School of Business and Economics at Michigan Technological University announces the Husky Investment Tournament, an exciting and engaging semester-long outreach initiative designed for high school business classrooms. Students in grades nine through twelve will see business come to life through the principles of the stock market–with the opportunity to win prize money and college scholarships!

“The purpose of the Husky Investment Tournament is to offer more students more pathways to discover business opportunities at Michigan Tech,” says Dean Johnson, dean of the School of Business and Economics and founder of the Tournament. 

How it works: Teams comprised of 3-4 student members will receive $1,000,000 in virtual US dollars will build a portfolio. At the conclusion of the competition, the team with the top-performing portfolio will be invited to campus to pitch to a panel of current Michigan Tech students and experts. The winning team will also receive $1,000 in prize money and all student-team members who actively participate will be awarded scholarships to attend Michigan Tech.

Most importantly, students will learn about the world of investing and business in a hands-on and dynamic way.

“We envision the Husky Investment Tournament to be embedded into an economics or business or personal finance class. Teachers should plan to discuss personal finance, investing, and the Husky Investment Tournament with students. The School of Business and Economics will provide faculty support and resources,” Johnson says.

 

Students gather around computer

Registration closes September 23 and the competition begins October 1, running until December 1. Interested educators or administrators may inquire for more details by emailing business@mtu.edu. 

 

 

Milligan and Wall are 2019-20 Ten Haken Faculty Fellows

Exterior of Academic Office Building

The School of Business and Economics (SBE) at Michigan Technological University announces the appointments of Sheila Milligan, senior lecturer in accounting, as the Richard and Joyce Ten Haken Faculty Fellow in Accounting/Finance, and Jeff Wall, assistant professor of management information systems (MIS), as the Richard and Joyce Ten Haken Faculty Fellow in Business.

Photo of senior lecturer Sheila Milligan
Senior lecturer Sheila Milligan (center)

Dean Johnson, dean of SBE, says the fellowships shine a light on the important work Milligan and Wall do in the classroom and beyond: “Our faculty stand a part for being large enough to lead and small enough to care. They know our students’ strengths and goals, and they play integral roles in guiding them with hands-on learning and mentoring.” 

Milligan, a 17-year veteran at the University, says that Richard and Joyce’s giving inspire her every day. “I want to be my best for our hardworking students, who are very conscientious about their education,” she says. 

Photo of professor Jeff Wall with student
Jeff Wall (left). assistant professor of management information systems (MIS)

Fellowship funds will be used for student travel, experiential education, student scholarships and to provide teaching assistant positions and professional development for faculty. “Attending conferences in forensic accounting is critical to keeping my teaching agile and relevant to prepare students,” Milligan says. 

Wall intends to direct his fellowship funds toward undergraduate scholarships for students dual majoring in accounting or finance and MIS. “Using the funds–more than $8,000 in total–in this way can help support Michigan Tech’s enrollment goals for business students,” Wall says of the new initiative directed at growing the School of Business and Economics.

Trends in industry are placing a greater emphasis on the intersection of accounting and finance with MIS.  Wall anticipates seeing top-quality, interdisciplinary students through these scholarships.

The Ten Haken Faculty Fellowship positions were created in 2017 to attract and retain high-quality business faculty and to inspire teaching and research activity amongst business faculty. Both accounting majors with bachelor’s degrees in business administration, Richard and Joyce Ten Haken are pillars of support for SBE’s students and faculty. 

Tech’s MIS Students Benefit from Corporate Partnership

Drone photo of campus and Portage Canal
Students in a management information systems (MIS) course at Michigan Technological University are seeing the benefits of a partnership with the provider of the largest cloud platform for developing integrated, custom business applications. Students in Russ Louks’ MIS 4100 capstone course have developed applications using the Quick Base low-code/no-code platform.

Louks, management information systems professor of practice in Michigan Tech’s School of Business and Economics, said “One of the challenges we face in providing experiential learning opportunities for MIS students, is ensuring the tools and projects offered are in line with the learning curve.”

He said MIS intersects business and technology with graduates developing into “IT Swiss Army Knives.”

Relying on nearly three decades at Ford Motor company, Louks maintains a network of professionals eager to support his business students. One of those connections, Tech alumnus Evan Rice ’06,  senior director of IT operations, information and analysis services for CCI Systems, an Iron Mountain-based communications solutions provider.

Rice, who is also a member of Michigan Tech’s MIS advisory board, was instrumental in implementing a new classroom technology tool that is rapidly becoming a model for educational settings across the country.

“Evan suggested low-code/no-code as a concept our students should learn,” Louks said. CCI employs Quick Base in their professional work and offered to sponsor the licensing of the emerging technology for capstone students.

CCI Systems Business Analyst and Application Development Manager Janet Plumley, led the student project for the past two years. She said, “In traditional settings, students would start by writing code, which can lead to frustration and inefficiencies.” MIS students use a data-model first approach; it’s an easier development environment.”

Louks added “Students enjoy the experience of going from nothing to having a finished product in one semester and a possible career path using the skills they have developed in the program.”

Plumley, who serves on the Builder Advisory Board for Quick Base, has another Husky connection; her son, David, is a current student.

The collaboration was so successful after the first year that CCI Systems expanded the program to include multiple student teams with Tech’s MIS faculty and Quick Base’s Builder Program, that provides no-cost builder accounts for learning purposes. Additionally, CCI adopted the application students developed in class and hired Tom Strome, a Houghton native and ’19 MIS grad.

Plumley said this real-world knowledge of up-and-coming technologies in their toolkit makes Michigan Tech MIS students even more valuable, whether they pursue IT or another high-tech field like finance. “It empowers them to solve their process improvement challenges.”

She added that because these students have a sound knowledge base, they catch on to new challenges quickly. “They aren’t doing theory — they are doing real work that can positively impact a real company.”

“The applications the students presented at the end of the semester were amazing in how closely they mapped to the requirements provided to them by CCI and Michigan Tech,” said Mark Levitt, Quick Base builder program team member. “These students are very well prepared to solve business problems that they encounter in the workplace.”

What began as an industry partnership between CCI Systems leaders and MIS faculty has now evolved into a great lesson about the value of this kind of partnership between universities, commercial organizations and service providers dedicated to helping to equip students with the tool and training they will need in the workplace.

Management information systems at Michigan Tech continues to provide Huskies with a broad background in modern technologies to solve business problems so employers will continue to value hiring its graduates.