Michigan Tech College of Business Newsblog

Category: Undergrad Information

Hillary Prout Named Outstanding Woman in Business

Published
By
Michigan Tech student Hillary Prout


Growing up on her family’s farm in Rosebush, Michigan, taught Hillary Prout—the 2022 Sam Tidwell Outstanding Woman in Business—early on about the importance of hard work. Through her coursework and involvement at Michigan Tech, Prout worked diligently to develop her leadership and communications skills and applied them as the student representative of the Michigan Association of CPAs, a professional organization promoting and enhancing the value of the CPA profession, and of the Becker CPA Review, a software package that helps students prepare for the certified public accountant and certified management accountant exams. In this leadership role, Prout organized meetings, updated students and staff regarding exam updates, and mentored students as their exam date approached.

“Hillary is an amazing student—always focused and working hard for goals she sets for herself.”

Sheila Milligan, senior lecturer of accounting, Michigan Tech College of Business

In her four years at Michigan Tech, Prout held the presidential role in the University’s accounting club, Kappa Sigma Iotta, and served on the Dean’s Student Advisory Council. She also assisted other Tech students with tax preparation through the College of Business’ Volunteer Income Tax Assistance program. More recently, she was inducted into the Beta Gamma Sigma Honor Society, the exclusive business honor society affiliated with the Association to Advance Collegiate Schools of Business.

“I am grateful for the many experiences I have had as a business student at Michigan Tech,” Prout says. 

Michigan Tech student Hillary Prout
Hillary Prout

Since 2021, Prout has held an internship with Rukkila, Negro and Associates, an accounting firm located in downtown Houghton. There, she worked in individual and small business tax preparation, nonprofit tax preparation, and payroll processing for local businesses.

After earning her BS in Accounting with a minor in financial technology, Prout plans to take advantage of Tech’s accelerated MS in Accounting program before earning her CPA license to work in tax advising and preparation.

The Sam Tidwell Outstanding Man and Woman in Business awards, valued at $250 each, are presented annually to two current College of Business students who embody a dedication to academics, leadership, and extracurricular involvement within the Michigan Tech community.

About the College of Business

The Michigan Tech College of Business offers undergraduate majors in accounting, construction management, economics, engineering management, finance, management, management information systems, and marketing, as well as a general business option. Graduate degrees include the TechMBA®, a Master of Engineering Management, a Master of Science in Accounting, and a Master of Science in Applied Natural Resource Economics.

Continue Reading →

Nathan Sodini Named Outstanding Man in Business

Published
By

Nathan Sodini, a student dual majoring in engineering management and finance, is the 2022 Sam Tidwell Outstanding Man in Business. Roger Woods, College of Business faculty member, says Sodini’s involvement in campus programs defines what it means to be a Michigan Tech business Husky. “This is a student who from day one has engaged in all opportunities Michigan Tech has to offer—and his involvement has paid off.”

Back in high school, Sodini launched a profitable entrepreneurial endeavor with his passion for classic and performance automobiles. During his first year on campus, the scholar-athlete landed a paid internship as a production supervisor at General Motors’ (GM) Heavy-Duty Truck Plant. In his second year, Sodini took on a co-op with GM as a quality-operations supervisor, tasked with controlling the daily quality of T1 HD trucks with his team of more than 40 employees.

Student Nathan Sodini standing in staircase
Nathan Sodini

Adding to his already impressive resume, Sodini obtained a motorsports internship with Hagerty back in his hometown of Traverse City, Michigan, and last fall was back at GM in the body shop, orchestrating the procurement of pre-assembled trucks to support the Oshawa launch. His leadership skills were further honed on campus, where he served for two years each as elected president of the Society of Automotive Engineers student chapter and as business manager of Advanced Motorsports Enterprise—Formula SAE. For his final college summer, Sodini heads south to General Motors Defense in North Carolina where, as a business manager/shift leader co-op, he will support the production management of the Infantry Squad Vehicle being produced for the United States Army.

Being able to blend the worlds of engineering and business has been a dream come true, Sodini says:

“A business degree from Michigan Tech is more than coursework. It’s an experience preparing strategic leaders for tomorrow’s challenges.” 

Nathan Sodini, Michigan Tech Outstanding Man in Business

The Sam Tidwell Outstanding Man and Woman in Business awards, valued at $250 each, are presented annually to two current College of Business students who embody a dedication to academics, leadership, and extracurricular involvement within the Michigan Tech community.

About the College of Business

The Michigan Tech College of Business offers undergraduate majors in accounting, construction management, economics, engineering management, finance, management, management information systems, and marketing, as well as a general business option. Graduate degrees include the TechMBA®, a Master of Engineering Management, a Master of Science in Accounting, and a Master of Science in Applied Natural Resource Economics.

Continue Reading →

It’s on to Nationals for MTU DECA

Published
By
DECA students standing in a group with their advisor to the left
Left to right: Jenny Apriesnig (faculty advisor), Zach Hooper, Sammy Perrone, Ethan Semenchuk, Jaylen Body, Lexi Dembrowski, Madelyn Carey

Back from the Michigan Collegiate DECA Career Development Conference in Kalamazoo, Michigan, the business Huskies of Michigan Technological University made a strong first appearance, participating in and winning competitions while earning a spot to nationals.

Student competitors included:

  • Jaylen Body (management)—first place, hotel and lodging
  • Sammy Perrone (marketing)—first place, fashion merchandising and marketing 
  • Lexi Dembrowski (accounting with data analytics)—first place, financial accounting 
  • Ethan Semenchuk (engineering management)—third place, corporate finance
  • Madelyn Carey (accounting and finance)—third place, financial accounting 
  • Zach Hooper (management information systems)—third place, entrepreneurship operations
  • Lexi Dembrowski and Madelyn Carey—second place, event planning 
Students standing in a group with DECA plaques

Their successful showing qualifies the team for the national competition in April at the International Career Development Conference in Baltimore, Maryland.

In addition to the competitions, students contributed to roundtable discussions where they chose from topics including: Global citizen strategy, career tips and tricks, nonverbal communication, and conflict resolution.

The conference was attended in person by Collegiate DECA groups from Cleary University, Davenport University, Michigan State University, and the University of Michigan. Eastern Michigan University, Kettering University, and Northwood University competed virtually.

Between functions, the Huskies explored downtown Kalamazoo and visited with downstate-based parents (and enjoyed home-baked cookies!). Other social highlights included singing carpool karaoke and navigating fresh snow to the Mackinac Bridge.

It was a fun and successful trip!

Jenny Apriesnig, assistant professor of economics and DECA advisor

To support Michigan Tech DECA’s goals and travels, connect with Advisor Jenny Apriesnig. Follow the group on Instagram @mtu_deca.

About the College of Business

The Michigan Tech College of Business offers undergraduate majors in accounting, construction management, economics, engineering management, finance, management, management information systems, and marketing, as well as a general business option. Graduate degrees include the TechMBA®, a Master of Engineering Management, a Master of Science in Accounting, and a Master of Science in Applied Natural Resource Economics.

Continue Reading →

Tomorrow Needs Accounting Analytics at Michigan Tech

Published
By
Students sitting at table with professor

Accounting is a critical component of any successful business. Students interested in pursuing accounting careers need to be aware that the traditional study of accounting and accountants’ roles with companies are transforming.

Data Analytics Disruption

In a recent study by KPMG, a worldwide “Big Four” accounting firm, 99 percent of organizations indicated that advanced technology could enhance their financial reporting. However, 81 percent of CEOs stated that companies were not keeping pace with the emergence of these technologies, which could help them make more informed business decisions.

Accounting at Michigan Technological University responded by developing an updated, robust curriculum at both the undergraduate and graduate levels. Our program prepares students to make immediate and valuable contributions in professional environments by instruction them in the core areas of accounting in addition to contemporary coursework in data analytics.

BS in Accounting

The Michigan Tech Bachelor of Science in Accounting offers an 18-credit concentration in data analytics. Students enrolled in this major prepare to sit for the CPA exam to become licensed accountants and complement their education with topics including data cleaning and visualization, programming, statistical analysis, and optimizations.

Measured against peers, Michigan Tech accounting students earn the second-highest CPA pass rates in the nation and achieve the highest average score.

MS in Accounting

At the graduate level, learners in the Master of Science in Accounting program can also earn certificates in analytical skills expected of them in today’s workforce: accounting analytics and forensic accounting. 

In a STEM-focused institution like Michigan Tech, the accounting program has the faculty and resources to provide students with an educational experience that bridges the gap between accounting and technology. Accounting analytics skills set our students apart.

Career Success in Accounting

Taylor Johnston
Taylor Johnston

For senior Taylor Johnston, finding the right major took a few tries. “I started in chemical engineering and switched to chemistry before classes even started,” she said. “I stayed in chemistry for four years before realizing that my heart just wasn’t in it anymore.” After moving to management information systems in the College of Business, Johnston found herself in Sheila Milligan’s Accounting Principles I course in fall 2020 and after two weeks of class, she ran to her advisor to add accounting with data analytics as a dual major.

“No one thinks of accounting as a glamorous career, but the passion and enthusiasm Sheila shows in her teaching lit a fire inside of me I never knew I had.”

Taylor Johnston, Michigan Tech accounting student

Johnston spent last summer interning as a tax accountant with Freeport-McMoRan. In that role, she created a database from scratch and automated more than 20 calculations that were required each quarter.

 “I was the only person in the entire department able to do this since I had the accounting background and analytics skills.”

Taylor Johnston, Michigan Tech accounting student
Student Taylor Johnston snowshoeing


Now, she’s gaining attention from Silicon Valley corporations and Big Four accounting firms, but first has her sights set on achieving her MS in Accounting. “I’m committed to completing the accelerated master’s in accounting program to continue strengthening my skills in a subject I love.” 

About the College of Business

The Michigan Tech College of Business offers undergraduate majors in accounting, construction management, economics, engineering management, finance, management, management information systems, and marketing, as well as a general business option. Graduate degrees include the TechMBA®, a Master of Engineering Management, a Master of Science in Accounting, and a Master of Science in Applied Natural Resource Economics.

Continue Reading →

Scholarship Spotlight: Stephenson National Bank and Trust Annual Scholarship Award

Published
By

The Michigan Tech College of Business boasts more than 50 donor- and industry-sponsored scholarships reserved exclusively for new and returning business students. These awards are offered in addition to competitive, merit-, and need-based aid. For 2020-21, total scholarships and grants awarded to undergraduate students in the College of Business exceeded $4.6 million.

This month we highlight the Stephenson National Bank and Trust Annual Scholarship Award.

The Stephenson National Bank and Trust Annual Scholarship Award, valued at $2,000, is available to incoming first-year Michigan Tech College of Business students majoring in finance who have earned a minimum GPA of 3.0. Additional criteria include being a US citizen and having graduated from one of the following high schools of the Upper Peninsula or northeastern Wisconsin: Oconto, Marinette, Delta, Baraga, Houghton, Marquette, or Menominee.

Mike Kolasa

In this Q&A, we hear from Mike Kolasa, vice president and trust officer for the Marquette, Michigan, office of Stephenson National Bank and Trust, headquartered in Marinette, Wisconsin. Kolasa is also an instructor of personal finance planning in the College of Business.  

Q: How did the Stephenson National Bank and Trust (SNBT) Annual Scholarship Award come to be?

SNBT has several core values, one of which is supporting communities and institutions where we do business, including the Copper Country. We also believe in a strong work ethic, self-responsibility, and entrepreneurship. The College of Business is a natural fit for us to support, as we have overlapping geography and values.

Q: Why is supporting students through college scholarships important to Stephenson National Bank and Trust?

I wasn’t poor growing up, but we could see it from the back porch. Scholarships made a big difference for me. We want to encourage successful students who might not otherwise pursue business degrees. Besides, we want to hire some of the best students that I teach!

Q: By day you work in the financial services industry, and by night you teach the foundation of finance to the next generation of advisors. How does your work influence your teaching?

In my experience, academic texts are valid, but can be esoteric, and students may not learn as effectively. By mixing in stories from the industry, students can attach their new knowledge to applied and practical situations. As a result, I believe they retain that knowledge and have an advantage when embarking on their careers.

I tell my students they can be in the top 10 percent of their field, or the bottom 90 percent. Getting into the top bracket takes deliberate effort, but the rewards that go with it are theirs for the shaping.

I tell my students they can be in the top 10 percent of their field, or the bottom 90 percent.

Mike Kolasa, instructor, Michigan Tech College of Business


Q: The College of Business prides itself on preparing students for the technology needs of business. How is technology disrupting the world of finance?

Technology can be both wonderful and evil. It certainly lends itself to efficiency, but we need to remember we buy technology to serve us, not the other way around. I see too many advisors using technology as a crutch or substitute for old-fashioned common sense and in-person time with clients.

We need to remember we buy technology to serve us, not the other way around.

Mike Kolasa, instructor, Michigan Tech College of Business


Q: What are key takeaways college students should consider regarding their own personal finance?

Students and new graduates should consider their own finances first. Utilizing a budget and spending less than they make is a solid lifestyle that will give them flexibility in their future. It also sets them up as credible advisors; if you’re not practicing the basics yourself, no one is going to respect your advice. Beyond that, continuing education, which can look like advanced degrees, new professional designations, or simply reading a few business books a year, is a must. My goal is to have our students be in the top tier of whatever career they pursue, and staying fresh with knowledge is critical.

Prospective students who qualify for the Stephenson National Bank and Trust Annual Scholarship Award should connect with Shannon Rinkinen, director of outreach for the Michigan Tech College of Business, at smrinkin@mtu.edu.

About the College of Business

The Michigan Tech College of Business offers undergraduate majors in accounting, construction management, economics, engineering management, finance, management, management information systems, and marketing, as well as a general business option. Graduate degrees include the TechMBA®, a Master of Engineering Management, a Master of Science in Accounting, and a Master of Science in Applied Natural Resource Economics.

Continue Reading →