Michigan Tech College of Business Newsblog

Category: Undergrad Information

Study Abroad in Spain? Yes, please!

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Kathryn Danielson (left), 4th year Operations and Systems Management major in her Spain apartment during the summer of 2012.

“I wanted to go abroad because I haven’t completed an internship and I’m entering my senior year at Michigan Tech,” said Operations and Systems Management major Kathryn Danielson. “I wanted something that would look good on my resume.”

With an increasingly tough job market, students are encouraged to take advantage of every opportunity offered to gain an edge on the competition. As a business major understanding the global market can set you apart from other applicants when applying for jobs. Danielson did just that by taking courses in Bilbao, Spain during the summer of 2012.

“I took international management and did a field study in Madrid for a week. My class was even smaller than the classes I have had at Tech and they were very hands-on,” she added. “Our professor took us to a lot of businesses in Spain to see how they managed their business and what daily functions they fulfilled. We also attended an entrepreneurship convention in Spain that provided insight on how people may start businesses in Spain.”

Being from the Upper Peninsula, Kathryn admitted that the best part of her trip was meeting the people from a culture different from her own, shopping in the streets, and attending a rave.  See the youtube clip below from the night she saw popular DJ Steve Aoki perform (watch a video of the Bilboa performance!)!

Given the opportunity, she says she would absolutely study abroad again and might try to make one more trip back to Spain to visit friends who are still there, as well as the locals she befriended while studying.

Earn a Global Business Minor

The School of Business has added a new Global Business Minor for students who are interested in traveling the world and earning college credit! It is available to all Michigan Tech students and can be especially beneficial for students considering the Peace Corps or graduate school after graduation.  For more information, please visit Global Business Minor at Michigan Tech.

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Goltz and Tuoriniemi published in Northwestern Journal of Law and Social Policy

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Joel Tuoriniemi
Sonia Goltz

Professor Sonia Goltz and Assistant Professor Joel Tuoriniemi, both of the School of Business and Economics, were coauthors, with colleagues, of a paper, “Applying Indices Post-Grutter to Monitor Progress Toward Attaining a Diverse Student Body,” published in Northwestern Journal of Law and Social Policy.

To read the paper, please visit the following link: http://scholarlycommons.law.northwestern.edu/njlsp/vol7/iss2/5/

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Economics Graduate Accepted into top 100 Law School

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Coleman Segal to attend McGeorge School of Law.

The School of Business and Economics wants to congratulate Coleman Segal for his acceptance into the University of the Pacific, McGeorge School of Law. We’re so proud!

Despite being accepted to UC Berkeley out of high school, Segal chose to pursue his undergraduate degree at Michigan Tech.  After visiting his Aunt and Uncle in the Houghton as a child, he has always loved the area. The wild, beautiful surroundings, the opportunity to participate in the vibrant folk music scene, and the impressive academic reputation were all factors in his decision to come to Tech.

After researching universities, he learned of the Economics program at Michigan Tech.  Economics interested Segal in high school because it can be applied to so many different aspects of life.  Segal said, “The study of economics is in large part an effort to understand the mechanics of a functioning society, and so it relates to many different fields. It also provides a good background for law school, which I have planned to attend since high school.” 

Segal is a California native and will soon return to his home state to pursue his law degree from one of the top 100 Law Schools in the nation.   Applying and being accepted to five law schools –Marquette University in Milwaukee, University of San Francisco, Santa Clara University, and Albany Law School– Segal selected the University of the Pacific McGeorge School of Law and will begin classes next fall. In addition to their impressive reputation, Segal said he chose McGeorge School of Law based on their location in Sacramento, California.  He finds the area interesting as a center of government, with multiple courthouses at different levels in the immediate area. 

Crediting his experiences with extracurricular activities such as the iOMe Challenge and the Pavlis Institute for advancing his goals of attending law school, Segal noted that Michigan Tech prepared him well for continuing his education.  Mastering skills such as writing and researching papers, in many different subjects, have been instrumental for the pursuit of his law degree.

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Students Take Bloomberg Aptitude Test

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While most students had already left Houghton in the rearview following five days of finals, 22 School of Business and Economics students gathered for yet one more exam. The Bloomberg Aptitude Test (BAT) was developed in collaboration with financial professionals, recruiters, and academics to uncover knowledge and skills relevant for a financial career.

“Bloomberg already provided students with Bloomberg Certification in the use of the Bloomberg terminal.  Now Bloomberg has strengthed its commitment to students achievement through the BAT,” said James and Dolores Trethewey APMP Professor Dean Johnson. “The BAT allows Bloomberg to bring prospective employers together with skilled investment students.”

Over thirty five thousand people around the world have completed this proctored exam, specifically designed for people who are interested in working with investments. The 165-question exam covers topics ranging from financial statement analysis to portfolio management, ethics, and logic in a three-hour period.

Brent Halonen, a 2011-2012 member of the Applied Portfolio Management Program achieved a notable accomplishment by placing among the top 525 (1.5%) test takers. “The BAT is was a good opportunity to show the world what we learned in school in a unbiased environment,” said Brent. “I think my results reflect the strength of APMP and the educational opportunity that it represents.”

Congratulations to Brent and the rest of the test takers.

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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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