Category: Undergrad Information

Economics Major Elected USG President

Eli A. Karttunen, USG president, a senior in economics.

New members have been elected to the Executive Board of Undergraduate Student Government (USG)  for one-year appointments.  The School of Business and Economics is proud to announce that one of our own, Economics major Eli Karttuenen, has been elected to serve as president.

2012 USG members and Titles:

* Eli A. Karttunen, president, a senior in economics

* Donnie L. Palmer, vice president, a junior in chemical engineering

* Jennifer M. Zarzecki, secretary, a senior in mechanical engineering

* Abhishek Gupta, treasurer, a senior in civil engineering

As a member of the USG for the past 2 years, Eli has seen many ways in which USG could improve student life on campus by making student’s opinions heard, which is a big reason why he chose to run for president. USG is supposed to be the collective voice of students on campus.  Eli hopes improve the current relationship between students, USG, and the administration during his time as president.

When we asked Eli about his goals as president, he responded “My first priority is to improve the relationship between USG and the students. An organization only has as much influence as its constituents afford, and this is one area USG has been lacking. I know how this organization works and what students need.”

We wish Eli and the rest of the Undergraduate Student Government the best of luck in attaining and surpassing their goals during their appointments!

Anne Herron Visits MIS Students

Associate Professor Mari Buche and Anne Herron collaborate to benefit MIS students.

The School of Business and Economics got a visit from Anne Herron this week, who came to campus to speak with Associate Professor Mari Buche’s Business Intelligence class.  Having graduated from Michigan State with a B.S. in Chemistry, Anne started her professional career working for DOW Chemical as an analytical chemist in polymer sciences.  After leaving DOW, Anne has remained at Allis Information Management, Inc. (AIM) for fifteen years and has climbed the ladder to the role of Vice President and co-owner of the company.  Her responsibilities include work in client/project development, and managing a team of information researchers and analysts.    

Anne said that her background in chemistry developed her analytical thinking skills, which translated well into the business world.  She was able to offer the perspective of someone working in the industry, coveted by students interested in ways to apply what they learn in their classes.  Under the umbrella of business intelligence, Anne discussed competitive intelligence and how crucial it is to offering companies competitive advantages.  She discussed her company’s focus on guidance for good business practices to optimize opportunity and minimize threats; noting that external and internal information is assessed through research, analysis, and dissemination of information affects everything in the marketplace.  This emphasis on competitive intelligence for companies is something that is leading to an increase in career opportunities for students with degrees in the area of management information systems and related fields.

Management Information Systems students are employed in some of the following professions upon graduation: business data analyst ($55,626), business intelligence specialist ($108,937), and application systems architect ($97,000).  The salaries for the aforementioned jobs are the median national salaries for each position according to salary.com.

After Anne’s lecture, Mari Buche said, “Having a representative from a successful intelligence company come in and talk to our students about career opportunities and industry expectations is a great supplement to coursework for our students.”    AIM boasts a 98% client re-engagement rate which is evidence of their superior performance and customer satisfaction.  Guest lecturers such as Anne Herron offer Tech students a great opportunity to pick the brains of successful people working in their desired field. 

The School of Business and Economics got a visit from Anne Herron this week, who came to campus to speak with Associate Professor Mari Buche’s Business Intelligence class.  Having graduated from Michigan State with a B.S. in Chemistry, Anne started her professional career working for DOW Chemical as an analytical chemist in polymer sciences.  After leaving DOW, Anne has remained at Allis Information Management, Inc. (AIM) for fifteen years and has climbed the ladder to the role of Vice President and co-owner of the company.  Her responsibilities include work in client/project development, and managing a team of information researchers and analysts.    

Anne said that her background in chemistry developed her analytical thinking skills, which translated well into the business world.  She was able to offer the perspective of someone working in the industry, coveted by students interested in ways to apply what they learn in their classes.  Under the umbrella of business intelligence, Anne discussed competitive intelligence and how crucial it is to offering companies competitive advantages.  She discussed her company’s focus on guidance for good business practices to optimize opportunity and minimize threats; noting that external and internal information is assessed through research, analysis, and dissemination of information affects everything in the marketplace.  This emphasis on competitive intelligence for companies is something that is leading to an increase in career opportunities for students with degrees in the area of management information systems and related fields.

Management Information Systems students are employed in some of the following professions upon graduation: business data analyst ($55,626), business intelligence specialist ($108,937), and application systems architect ($97,000).  The salaries for the aforementioned jobs are the median national salaries for each position according to salary.com.

After Anne’s lecture, Mari Buche said, “Having a representative from a successful intelligence company come in and talk to our students about career opportunities and industry expectations is a great supplement to coursework for our students.”    AIM boasts a 98% client re-engagement rate which is evidence of their superior performance and customer satisfaction.  Guest lecturers such as Anne Herron offer Tech students a great opportunity to pick the brains of successful people working in their desired field.

Annual APMP Scholarships Awarded

APMP students hard at work.

The School of Business and Economics awards annual scholarships to students who participate in the Applied Portfolio Management Program (APMP).  The scholarships are made possible by generous donors who have setup funds to recognize specific skill sets and characteristics in the recipients.  Each scholarship is awarded in the Spring of the academic year. We are very grateful to the generous donors that provide excellent opportunities to stand-out APMP students at Michigan Tech.

2012 Scholarship Recipients

Clarence Fisher APMP Scholarship – Jessie Patrick

Chester Reault APMP Scholarship – Todd Storm

Norb Verville APMP Scholarship – Mike Harri

Joe Dancy LSGI Scholarship – Dan Eskola

Hugh Makens APMP Scholarship – Pat Carroll

Jeff Call Memorial APMP Scholarship – Rachael Ristau

Scholarship Descriptions

The Clarence Fisher, Chester Rheault, and Norb Verville APMP scholarships recognize the impact these three former Advisory Board members had in founding APMP.  Recipients of these scholarships this year were: Jesse Patrick, Todd Storm, and Mike Harri, respectively.

As an APMP Board member from origination through today, the Hugh Makens APMP scholarship honors Hugh’s continual support of the students and the program.  Pat Carroll is the 2012 recipient.

Dan Eskola was the recipient of the LSGI Fund Scholarship, also known as the Joe Dancy LSGI Scholarship.  This scholarship is awarded to the student who displays excellent academic achievement, expresses an interest in finance or applied mathematics, and demonstrates high moral and ethical characteristics.  The LSGI Fund is a hedge fund managed by Joe Dancy, a Michigan Tech alumnus from Dallas, TX.

Finally, the Jeff Call Memorial Scholarship was given to Rachael Ristau.  Jeff Call, a 2002 graduate of the School and the APMP, passed away unexpectedly in 2006.  To honor Jeff’s contributions to the School and the APMP Advisory Board, together with Jeff’s parents, the groups established the Jeff Call Memorial Scholarship.  It is awarded annually to the senior who demonstrates the highest degree of commitment to APMP—a commitment Jeff displayed every day during his time at Michigan Tech.

Finance Club Experiences Chicago

Finance Club enjoying a tour of the Chicago Board of Option Exchange.

On Wednesday, March 14th, Michigan Tech’s Finance Club traveled down to Chicago for a whirlwind tour of financial organizations. Their first stop? The Chicago Board of Options Exchange (CBOE) for a tour of their trading floor.

Students were able to go down on the floor of the exchange and get right next to the pits where they were trading securities with the old open outcry method.

Club President, Dan Eskola noted “It was a great experience to get down on the floor and see the open outcry auction pits trading. Many of these jobs have disappeared due to more efficient computer based trading and so it is good to see them before they go away.”

After the tour the group ventured to Peak 6– a proprietary trading company– where they had lunch.  The students had the opportunity to speak with the Chief Technology Officer, Danny Rosenthall, and one of the head traders.

Finance club members were able to view their impressive trading room located in the CBOT (Chicago Board of Trade) building.  Students were grateful to speak with these professionals who explained their business in honest, frank language.  The trip is an excellent opportunity for students to understand careers suitable for finance and accounting majors as well as ask questions about the financial industry.

The group also toured the Chicago Mercantile Exchange during their trip, where a lot of the financial transactions take place for commodities. “It was a great experience to see both of their huge trading floors as well as the fixed income securities,”  added Eskola.

This trip was organized by the Finance Club that is advised by Assistant Professor of Finance, Howard Qi, in the School of Business and Economics.

DECA Chapter Attends State Conference

Members of Michigan Tech's DECA Chapter at 2012 conference.

During the first weekend in February, the Michigan Tech DECA chapter made their way to Battle Creek, MI for the State Career Development Conference.  DECA prepares emerging leaders and entrepreneurs for careers in marketing, finance, hospitality, and management in high schools and colleges around the globe.  

Being the only chapter from the Upper Peninsula, it was a long 10 hour drive, but well worth it.  Competing in various events, four of the six participating members took away medals and plaques!

Michigan Tech Award Winners:

Brittany Barry, a third year Accounting major took 3rd place in the accounting competition.

Sarah Ochs and Gilbert Ramirez, third year marketing majors, both received medals, and were finalists for Marketing Management.

Cory Rokes, 5th year marketing and management major received a medal being a finalist in sales management.

Thank you to all who participated.  Way to represent our school, we couldn’t be more proud!  You are a testament that student’s from Michigan Tech’s School of Business and Economics can apply all the necessary business skills they learn in the classroom into real-world scenarios.