Michigan Tech College of Business Newsblog

Category: News

Fall 2012 Impact Magazine

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Impact Magazine, Fall/Winter 2012

In this issue of Impact we explore the concept of networking and relationships leading to future opportunities for us around the world. The New Venture Competition, a partnership between Michigan Tech and Central Michigan University, is an excellent example of this effort (page 4) as is our work in project management (page 8), and other faculty-led competitions (pages 7 and 9).

From there, we focus on three alumni: Maggie Chen ’04 finds career success and a balanced family in the demanding world of international finance (page 11), Greg Horvath ’82 discovers what he refers to as “the biggest changes in information technology,” and Andy Storm ’99 combines engineering and business to help keep troops safe around the world (page 14).

Updates on campus include the new engineering management major and global business minor (page 16), a faculty-led market research project (page 18), and Dean Johnson’s award as the 2012 Michigan Teacher of the Year (page 19). Next we have an update on the Sam B. Tidwell red tie campaign from recent CPA recipients and our accounting faculty (page 22).

To round out this issue, the Tech MBA Online class of 2012 completes their degrees with an international capstone trip to Bangalore, India’s version of Silicon Valley (page 20). Two undergraduate students also provide their perspective on international travel by answering a few questions about their summer study abroad experiences in Germany and Spain (pages 26 and 27).

Read this issue of Impact Magazine.

Please enjoy these updates from the School. We invite your thoughts and conversations at any time. Contact the School of Business and Economics.

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A Michigan Tech Education Pays Off

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Michigan Tech graduates know the value of their education.

Is a college education a good investment?

No question about it, according to a report just issued by the website PayScale.com. In its 2012 Return on Investment (ROI) rankings, PayScale reports that a bachelor’s degree from Michigan Tech can be expected to yield more than $450,000 over a high school diploma in 30 years.

Michigan Tech placed 102nd among 850 US colleges and universities ranked in PayScale’s latest ROI report. According to the report, a Michigan Tech bachelor’s degree provides a return on investment of 9.6 to 11.1 percent.

“You would have a difficult time getting 11 percent every year going forward in the stock market without taking on a lot of risk,” said President Glenn Mroz. “And this is an investment people make in themselves that pays dividends beyond a simple ROI, since it affects a person’s quality of life and that of their family, often for generations.”

The ROI report also compared the cost of a degree at each of the colleges and universities ranked. It reports that a degree from Michigan Tech costs an average of $103,200, including tuition, fees, room and board, and books and supplies, with 91 percent of students receiving financial aid. At the top 10 schools on PayScale’s ROI list–all private–a degree costs between $203,500 and $212,900.

“The top of the list is dominated by expensive private schools and public universities with a strong STEM focus, demonstrating the value of STEM degrees,” Mroz pointed out.

Graduate School Dean Jackie Huntoon agreed. “I think this is a more rational ranking than the US News report, since it is based less on other academics’ perceptions and more on student outcomes,” she said.

(This article was written by Jennifer Donovan, Director of Public Relations, and was orignially posted in Tech Tody).
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Savvy Entrepreneur hosts, “Inside The Mind Of An Angel Investor”

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Savvy Entrepreneur series to take place on Tues, Feb 21.

This month’s topic is one of the most popular.  “Inside The Mind Of An Angel Investor”.  For most entrepreneurs, raising seed and early stage capital is arguably one of the most challenging steps of starting a company. This financing stage is usually too early for most professional Venture Capital firms.   After you’ve put in most of your own money and that of some close friends and family, it is probably time to seek out some Angel investors.

Agenda

Tuesday, February 21
Networking social with refreshments 5:30 PM
Panel discussion 6:00 PM to 7:45 PM

Michigan Technological University
ATDC Conference Room

Leading investors and entrepreneurs will  be on this great panel to answer your questions. Bring your  questions and thorniest challenges to this program to advance your technology entrepreneurship skill set.

If learning more about this topic is important to you then please join us at the MIT Enterprise Forum on Tuesday.  For more information contact John Diebel 487-1082 or jfdiebel@mtu.edu

Locally hosted by Michigan Tech’s Office of Innovation & Industry Engagement, the School of Business and Economics and the Keweenaw Economic Development Alliance.  The public is welcome to attend at no cost.

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Dean Search Begins for School of Business and Economics

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The School of Business and Economics has begun a search for a new dean following Dean Darrell Radson’s resignation to accept the position of dean of the Foster College of Business Administration at Bradley University, effective May 1.

The search will follow the procedure outlined in Senate policy 6-11 (procedure 805.1.1). Accordingly, a search committee has been formed. Members are: School representatives Mari Buche, Sonia Goltz, Dean Johnson, Jun Min and Howard Qi; a member from another academic unit on campus, Dan Fuhrmann (ECE); a member of the advisory board, James Trethewey; staff representative Diane Benda. Student representatives include Jacquie Cowling, Undergraduate Student organizations, and Ramesh Thakur, Graduate Student organization. Jill Hodges, of Affirmative Programs, is an ex officio member of the committee.

At the first search committee meeting, Sonia Goltz was elected chair and Dean Johnson associate chair.

“I would like to express my sincere appreciation for Darrell’s service to the School of Business and Economics and the University,” said Provost Max Seel. “Under his leadership,we have changed curricula, developed new programs including an online MBA program, hired very talented faculty and staff, renewed the School’s accreditation and established new endowed professorships. The School is on the path to increased recognition and greatness.”

More information will be available on our website shortly.

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