Category: Academics

Michigan Tech MBA Online Ranked 36th by US News and World Report

Break down the classroom walls and earn an MBA your way- from anywhere in the country!

Michigan Tech’s online graduate programs in business and engineering rank in the top 40 of such programs nationwide. Best online rankings released today by US News and World Report rated Michigan Tech’s online graduate engineering program 35th of 74 programs and Tech’s online MBA program placed 36th of 239 programs.

“This is very good news for Michigan Tech,” said Jacqueline Huntoon, dean of Michigan Tech’s Graduate School. “Given our remote location, our efforts to provide graduate education online allows us to reach a larger number of students than we can otherwise.

“We at Michigan Tech know that we have high-quality offerings, and it is great to see that we are beginning to receive the recognition we deserve,” Huntoon went on to say. “Of course, the faculty members involved in teaching the courses and advising the students are the ones who deserve the most credit for these achievements.”

Wayne Pennington, interim dean of the College of Engineering, was pleased with Tech’s online graduate engineering programs ranking.

“We are proud that our online graduate electrical and mechanical engineering degree programs are directed toward real-world applications where skills and expertise are greatly needed, and where employment opportunities are strong,” he said. “In addition to our MS and PhD degree programs, our graduate certificates in advanced electric power engineering and hybrid vehicle engineering help to meet the needs of today’s highly skilled workplace.”

Eugene Klippel, dean of the School of Business and Economics, said: “We are pleased that the US News and World Report rankings confirm the success of our efforts to provide an outstanding MBA online program. Contributing greatly to the success of our Tech MBA Online program is a knowledgeable and experienced faculty. This program offers a unique curriculum designed to strengthen the business skills of professionals working in an environment characterized by rapid-paced innovation and technological change. We are extremely pleased by the demonstrated success of graduates from this program.”

US News evaluated online programs on the basis of student engagement, admissions selectivity, peer reputation, faculty credentials and training, and student services and technology.

New Concentrations for Management Degree

Are you Crazy-Smart? You should study business at Michigan Tech!

Two new concentrations have been added to the School of Business and Economics’ BS in Management: supply chain and operations management, and entrepreneurship. Both hold great promise.

“Businesses want employees with the knowledge and expertise in supply chain,” says Greg Graman, associate professor of operations and supply chain management in the School. “Distribution systems are important to customers and wholesalers, and they need to be managed before they get out of control.”

The importance is borne out in co-op, intern, and job opportunities from companies such as Raytheon, Target, Kohler, Union Pacific, Dow Chemical, Oshkosh Truck, Mercury Marine and Polaris.

“I get asked directly by these companies, ‘Tell me about your supply chain program.’” Graman says.

“It’s more than logistics,” says Dana Johnson, professor of operations and supply chain management. “It’s using information technology in a fashion to facilitate timely decision making with quantitative data, for example. It’s an important process in manufacturing or service industries.”

And, it’s multidisciplinary, Johnson says. Students who transfer in from engineering or computer science are bringing quantitative aptitude, and that skill set is emphasized throughout the concentration.

But there’s also emphasis on data analysis, finance, strategic skills, global perspective and communications.

Supply chain activities can have a profound effect on the financial status of the organization. High inventory level and slow response times can have an adverse effect on cash flow.

“A supply management department may be responsible for spending 50 to 60 percent of the gross revenue of an organization, greatly impacting profitability and operational success,” she says.

The new concentration will also be a proving ground for students who want to compete in the project management competition known as THE Project sponsored by the West Michigan Chapter of the Project Management Institute held in Grand Rapids each year.

Elsewhere, future entrepreneurs can now get focused training in the SBE. The new concentration is the result of work by Saurav Pathak, Michele Loughead, Russell Louks and Tang Wang, and experiential learning in entrepreneurship will be the focus.

The concentration’s unique feature is the Business Development course wherein senior year business school students assume entrepreneurial roles over two consecutive semesters and work on real-life technology-based projects to ascertain the potential for commercialization. In addition, the concentration requires students to take two content-based courses: Entrepreneurship and Entrepreneurial Management.

Several entrepreneurial entities on or around the Tech campus, including the Office of Innovation and Industry Engagement, the Enterprise Program, the Senior Design Program and the MTEC SmartZone have been identified and integrated into what could become a sustainable “entrepreneurial ecosystem,” Pathak says.

”These entities have contributed a total of 11 technology-based projects for the Business Development course, whose commercial potential is to be ascertained by our business school students.”

Currently, forty-three students are enmeshed in all things entrepreneurial.

“The two content-based course sequence—Entrepreneurship and Entrepreneurial Management—fits in as an introduction and connection for the management students in the new concentration,” says Wang, “At the same time they are taking the Business Development courses in sequence.”

“And the students will be working on real projects with commercial applications, producing real business plans,” Pathak adds. “In essence, the concentration benefits from the predominance of technology on campus.

One example is an improved fishing lure that a downstate company run by alumnus is working on. Four students are helping to determine the scope of the product and potential markets where to sell it.

Other students have been working on improved blood-typing technologies, advanced tire materials, hand-held sonar, and more. “The technology all sounds great, but is there a viable business out of these is the question.” Pathak says. “Business school students need to find the answer.”

They’ll all be involved, including Pathak and Wang, in Tech’s Bob Mark Memorial Elevator Pitch competition and Business Development competition, in addition to some new challenges.

“There’s a new Accelerate Michigan competition and others that we would like to compete in,” Pathak says.

Given Michigan Tech’s track record downstate (winning the $30,000 New Venture Competition in Mt. Pleasant in 2012), sending more students seems like a good idea.

This story was originally by Dennis Walikainen, senior editor, for Michigan Technological University’s University Marketing and Communications.

Tech MBA Online ranked 47th by US News & World Report

In 2013, Michigan Tech's online MBA placed in top third of all ranked business programs nationwide.

Article from Tech Today.  Written by Jenn Donovan, public relations director, January 15, 2013.

The MBA online program in Michigan Tech’s School of Business and Economics placed 47th of 197 online graduate business programs in new rankings released today by US News & World Report. Tech’s online master’s degree program in engineering also made the magazine’s 2013 national rankings, earning 41st place among 66 online graduate programs in engineering that were ranked.

“The Tech MBA Online program was created to provide an innovative curriculum guided by experienced and knowledgeable business faculty,” said Gene Klippel, dean of the School of Business and Economics. “Professionals looking to advance their career, even in a challenging economy, can benefit from learning and understanding technology and innovation within organizations. A ranking in the top 50 from US News confirms that our program is on track for continued success for students, our School and Michigan Tech.”

US News defines an online education program as one for which all the coursework can be completed via distance education courses that incorporate Internet-based learning technologies. Among criteria evaluated were graduation rate, class size, one-year retention rate, time to degree, graduate entrance exam scores and grade point averages of students, percentage of PhD and tenured faculty, and technologies and services available to students.

For the first time this year, US News added a peer assessment survey of deans and top distance learning higher education academics employed by schools ranked in 2012.

“It is a wonderful testament to the dedication of our faculty and staff that we have achieved these rankings,” said Graduate School Dean Jackie Huntoon. “I am happy to see that both the business and engineering online programs are getting the positive attention they deserve.”

“Michigan Tech’s online MBA program is really quite young, and already it is ranked in the top third of all ranked programs nationwide. This is a remarkable achievement,” Huntoon went on to say. “The number and quality of offerings in engineering continues to grow each year. I am continually impressed by the comments I hear from students and employers who tell me that they chose Michigan Tech because of our focus on real-world applications and because of the quality and commitment of our faculty.”

Par-Tee Time 3rd Annual Golf Outing

The Par-Tee Time Golf Outing will be held on August 4th, 2012

It’s that time of year, get your golf clubs out … it’s time to golf!

The School of Business and Economics, along with the MBA Association (MBAA) and the student chapter of the American Marketing Association (AMA), invite you to join us for this great opportunity to network with the new dean, alumni, students, staff, faculty and community members in a friendly competitive environment. Bring your friends, all are invited!

When:
Saturday, August 4th, 2012
9am registration and practice range
10am shotgun start; scramble format

Where:
Portage Lake Golf Course
46789 US Highway 41
Houghton, MI  49931

Cost:
$70/person (must be paid by August 3rd)
MTU student price – $40
Pay day of – $320/team, $80/person
Price includes golf, lunch, cart and two beverage tickets per person.

Cash prizes will be awarded to the winners in each flight (which means if you’re not a very good golfer, you are still eligible to win in your category). There will also be cash prizes for the three course games,  and a special $10,000 Hole In One Contest!

Our raffle list keeps growing, Michigan Tech departments and over 70 local businesses have donated some really great prizes … hotel jacuzzi suites, ski passes, oil change, wheel alignments, spa gift basket, Aroma Therapy Whirlpool to name a few!

To register, please print the registration form here.

You can find more detailed information, as well as  sponsorship opportunities by clicking on the appropriate links.

For questions, please call Tanya at 487-2668, or email golfouting@mtu.edu.

Michigan Tech MBA Students Cap Program with Trip to India’s Silicon Valley

MBA students Mike Vigrass and Holly Lehto at the pharmaceutical company Micro Labs Ltd. during their residency in Bangalore.

The nine students in Michigan Technological University’s MBA program returned from India with a new appreciation for how the rest of the world does business.

“We chose Bangalore because it’s the Silicon Valley of India,” said Jodie Filpus, who directs recruitment and admissions for the MBA program.

The online MBA program includes three residencies, during which the students leave their far-flung homes to meet in person with each other and their professors. Two residencies are held on the Michigan Tech campus. The third and final residency involves a week of international travel. “We do this so the students will be exposed to different cultures, as well as to introduce them to international businesses,” Filpus said.

It would be hard to imagine a city more different from Houghton than Bangalore. “It’s a very interesting place,” she said. “It’s beautiful in many respects, with its temples and palaces, and it’s so rich in history.” However, the population in the city of over 8 million has grown by over 65 percent in the last 10 years and its infrastructure hasn’t kept up, “so it gave me an appreciation for what we have here.”

Led by Assistant Professor Latha Poonamallee of the School of Business and Economics and accompanied by Filpus, the MBA students visited several different organizations, from a pharmaceutical manufacturer to a nonprofit that provides solar-energy-system financing for poor villages.

“It was my privilege to design and lead this international residency, which was a fitting culmination of a well-designed, innovative MBA program that put the School of Business and Economics on the map among top online MBA programs in the country,” Poonamallee said.

Visiting Bangalore: Mysore Palace During their trip to visit several Bangalore companies, MBA students also had a chance to tour the city. Pictured are Mike Vigrass and Holly Lehto at Mysore Palace.

During the spring semester, the students prepared for their trip by researching each of the companies and identifying a disruptive innovation to discuss with officials and offer potential solutions. Disruptive innovations are marketplace game-changers, such as iPods and cell phones, that upend earlier technologies.

Assistant Professor Andre Laplume taught them how. First they studied the companies’ products and strategies. “Then they proposed a new business for them to get into,” he said. “They described a new product, developed a rationale explaining why it should be adopted, and wrote an essay about it for their final exam.

“By the time they got to Bangalore and faced the company executives, they had something to bring to the table,” Laplume said. Not only was it a good opportunity to see how businesses function overseas, it also gave the students—most of them middle managers—a chance to display their skills before top-level executives.

Before traveling to Bangalore, student Holly Lehto had already put Tech’s MBA curriculum to good use. “Throughout the program I’ve been reaping the benefits,” she said. “A lot of concepts in the case studies are applicable to my day to day work.”

Her final exercise was to study the Bangalore-based market research firm Mu Sigma. “We talked about the possibility of going public, and we also discussed the possibility of capturing data from electrical transmission lines and selling it to clients,” said Lehto, a project manager for Allonhill, a Denver-based firm that provides due diligence and risk management services to the mortgage industry. “It was empowering to have the ear of these global executives, who were truly interested in hearing what we had to say.”

And there were revelations, said Mike Vigrass, manager of a natural gas compressor station with DT Energy-Michigan in Detroit. “I have traveled internationally, but not to India, and I was quite surprised at how much business was conducted in English,” he said. “At one of the site visits, we talked about the fact that India’s wages are going up, so that they are losing a competitive edge, and their answer was compelling. They said they think in English, which gives them an advantage over other emerging markets, where they have to translate the conversation.”

Another eye-opener was the visit with the nonprofit SELCO, which works to provide solar systems to the poor.  “I found that very interesting,” Vigrass said. “Among US corporations, it’s all about market share, getting bigger. For SELCO, it’s about meeting their customers’ expectations.”

Resource-stretched Bangalore has had trouble grappling with its own growth, he noted. “The population has exploded, and it’s hard for them to keep up their infrastructure.”

That culture shock did not take away from the trip, however. If anything, it made it even more worthwhile. “It was a very valuable experience, just to see how people in other parts of the world work and how they think,” Vigrass said.

Lehto agreed. “Both from a business and a cultural perspective, it was such an amazing trip,” she said.

Watch the Tech MBA Online India Residency in pictures

[youtube]http://www.youtube.com/watch?v=8O4earGfxqM[/youtube]

Learn more about the Tech MBA Online.