Michigan Tech College of Business Newsblog

New Scholarship Targets Non-Resident Business Students

Published October 15, 2019

The National Business Scholars Program provides $20,000 per year to incoming students in the School of Business and Economics who are from outside the state of Michigan or from international countries.

As part of an initiative to expand the School of Business and Economics by providing greater access, Michigan Technological University launched a new scholarship program for students from outside the state of Michigan—including international students—who are considering attending Michigan Tech in fall 2020 for an eligible business or management major.

“Around the world, business ranks as the most-pursued college major. We’re excited to offer this new opportunity to serious business students who see the advantage of studying at a technological university,” says Dean Johnson, dean of the School of Business and Economics.

Renewable for four years, the National Business Scholars Award, which is automatically awarded, is valued at an unprecedented $80,000. The program was piloted last December and officially launched in September.

“In many cases for students in Wisconsin and Minnesota, we are the closest accredited business school with a technology focus—the key to a successful career in today’s business world,” Johnson adds.

Majors included in the program are accounting, construction management, economics; engineering management, finance, general business option, management, management information systems and marketing. In addition to National Business Scholars award funding, recipients have the opportunity to earn additional aid based on results from student’s Free Application for Federal Student Aid (FAFSA).

Learn more about the National Business Scholars Program.

Alec Fisher Scholarship Fund for Managament Information Systems Students

Published October 7, 2019

By Shannon Rinkinen

The Alec Fisher Scholarship Fund was established to honor the memory of Alec Fisher, a Michigan Technological University student who double majored in environmental engineering and management information systems. Raised in Portage Township, Michigan, and a 2016 graduate of Hancock High School, Alec was a member of the Blue Key National Honor Society at Michigan Tech.

Scholarship Information

$1,000; one-time award
Application: https://form.jotform.com/90485283120150
Direct questions to scholarships@mtu.edu

Scholarship Requirements

Junior or above
Enrolled in management information systems or environmental engineering
3.2 GPA or higher
Preference given to individuals from the Upper Peninsula of Michigan
Financial need considered

McBride, Elliott, Blankenship, and Roualet Honored as Academy of Business Inductees

Published September 25, 2019

By Shannon Rinkinen

The Michigan Technological University School of Business and Economics announces its 2019 inductees to the esteemed Academy of Business. These four individuals join a group of outstanding leaders in business and civic affairs, as well those who have contributed significantly to the growth and development of the School of Business and Economics (SBE).

Four people stand along wall with award plaques — 2019 Academy of Business Inductees

The new inductees were honored at a celebratory dinner in the Great Lakes Research Center on the evening of September 20:

David W. McBride ‘82, owner, McBride Remodeling Inc. and Northland Self Storage LLC

David McBride (right) receives his award from Dean Johnson, dean of the School of Business and Economics

David McBride leads an award-winning team of highly trained professionals who are leaders in the home improvement and storage industry. He has grown the construction division to become one of the top 500 in the country. In the storage division, he actively manages three facilities and more than 500 customer relationships.

Highlighted projects include developing a 25-acre industrial park in a former gravel mine, converting a drive-in theater into a commercial center, and receiving the Governor’s Award for Historic Preservation in 2017 for the Douglas House renovation.

McBride is a proud supporter of Michigan Tech Summer Youth Programs.

Dale F. Elliott ‘79, president and CEO, FCM Advisory Group, Ltd

Dale Elliott has a long association with Michigan Tech. Seven members of his immediate family have graduated from the University. Elliott earned a TechMBA in 1979, after earning his bachelor’s degree from Michigan State and then working in the family tool-and-die design and engineering business.

On campus, he was a member of Sigma Tau Gamma fraternity.

After Michigan Tech, Elliott joined Brunswick Corporation as an advanced management trainee. He then spent 11 years with Emerson Electric, starting with the Dremel division as marketing manager.

After a few successful years he was promoted to general manager of Dremel and was then selected to be vice president of marketing for the S-B Power Tool business, a joint venture between Emerson and Robert Bosch GmbH. This experience provided many valuable lessons about managing an international business and the importance of culture in a global organization.

In 1995, he took a position with Snap-on Tools Inc., as president of the industrial and power tool business. He was named chairperson, president, and CEO of Snap-on Tools in 2001 and over the next three years he developed the strategy and tactical plans that set the stage for their future growth and profitability, while addressing the economic impact of the September 11, 2001 attacks.

After retiring from Snap-on, Elliott was called on to become president of American Standard’s Global Bath and Kitchen business, a global market leader with more than 26,000 employees.

Currently, Elliott is president and CEO of FCM Advisory Group, Ltd. a business consulting company he founded in 2007. His efforts are focused on a process called “Full-Circle Management,” which ensures that the activities of an entire organization align with company goals and objectives.

He has served on the School of Business and Economics National Advisory Board and is a Michigan Tech Fund Life Trustee as well as a member of the President’s Advancement Council.

Denise Blankenship ‘84, retired vice president of business analysis of Church Pension Group

Throughout her career Denise Blankenship held numerous positions in the information technology field with a focus on business analysis and resource management.

Most recently Blankenship served as the vice president of business analysis at Church Pension Group (CPG) where she was a senior IT manager responsible for partnering with corporate business leaders to define, prioritize, and develop IT strategy for supporting both IT and business projects.

During her tenure at CPG, Denise established an enterprise business analyst program. She implemented numerous process improvement projects spanning web self-service, policy administration, document automation, and content management with a focus on efficient work-flow automation.

In 2011, she received the Women in Insurance Leadership Notable Achiever Award.

Blankenship holds a BS in business administration from Michigan Tech. She has served on numerous vendor Customer Advisory Boards and is a member of the Presidential Council of Alumnae.

Mark C. Roualet ‘81, executive vice president, Combat Systems

Mark Roualet is the executive vice president of General Dynamics for their combat systems group. This group includes three companies: European Land Systems, Land Systems, and Ordnance and Tactical Systems.

He held positions of increasing responsibility throughout his employment with General Dynamics Land Systems to include plant manager; vice president of the Interim Brigade Combat Team program; vice president of Wheeled Vehicle Systems; and senior vice president and chief operating officer.

Roualet earned a bachelor’s degree in business administration from Michigan Tech and a master’s of business administration from the University of Dayton. He was recognized by Crain’s Detroit Business Magazine as one of their “40 Under 40” executives and has received the Silver Star by the National Defense Industrial Association.

In 2019, Roualet was elected to the Council of Trustees for the Association of the United States Army, a non-profit educational and development association serving America’s total Army, soldiers and civilians, and their families.

Find the entire Academy of Business here.

My Internship with Bank of America

Published September 23, 2019

By Shannon Rinkinen

By Breanna Stohr

Senior finance major Breanna Stohr’s summer internship shaped her career goals.

My summer internship with Bank of America in Grand Rapids, Michigan, was a memorable one. The opportunities I was given were unbelievable. I am proud to say I was able to find not only my dream job but my dream company as well!

I experienced both the retail and the wealth management side of the company. On the retail side, I worked closely with my market leader and the leader of the Student Rush program. Through this program, I traveled to Grand Rapids colleges and universities to engage them in the opportunity of Bank of America coming onto their campus to teach financial literacy to students. I connected with many student-life representatives within the Grand Rapids community area. It was great!

In the downtown wealth management office (previously branded as Merrill Lynch, the American investing and wealth management division of Bank of America), I networked with established financial advisors within the Grand Rapids area. There, I cemented my career plan to become a successful financial advisor after I graduate this spring. I worked closely with a financial advisor on research projects including bank rates, budgeting tips, digital apps, unique ways to change daily habits in your financial life, constructive criticism, and hospice and home health care.

Throughout my internship, I grew as a young professional by experiencing many different work environments. Being a student from Michigan Tech made me stand out for sure. I demonstrated to teammates at Bank of America what Michigan Tech School of Business and Economics students can do, and also how involved the University is with preparing its students for the professional world.

It’s Okay to Be Undecided

Published September 9, 2019

By Shannon Rinkinen

by Emma Melchiori

As a huge pack of new Huskies joins the Michigan Tech family this fall, I am finding myself reflecting on the beginning of my journey at Michigan Tech, and particularly, the uncertainty I felt surrounding my major. It did not take me long to realize that engineering was not for me, and I was worried that it was not a good thing to feel this way.

If any new Huskies are reading this, I am here to tell you: it is okay to not feel settled in the major that you chose when deciding to come to MTU. If you feel like you made the wrong decision, do not panic. There is more than enough time for you to switch your major and make any changes necessary to ensure that you will get the right education for what you WANT to do!

Two students eating — That’s me, on the right, just beginning my journey in business last year

When applying to Michigan Tech, I applied into environmental engineering and shortly before classes started in the fall, I switched my major to engineering management because after finishing out my senior year of high school, I knew I wanted to do business as part of my career. After my first week of classes, I figured out that engineering was just not something that I was interested in. This is when I discovered the general business pathway within the School of Business and Economics. Although you cannot graduate with the major of general business, it has helped me to immerse myself in all sorts of different business classes to find out exactly which business path I want to travel down. It’s the perfect placeholder for a major if you know you want to end up in some field of business, but you aren’t sure exactly which one yet.

And remember, it is okay to be unsure!

Through general business, I have taken different business courses already and there are many more to come, of course, as I am a sophomore here now. So far, I have taken a liking to accounting, and am planning to declare my major in accounting soon. Other courses that I have enjoyed surround topics like economics and marketing. Some of these business courses can fill elective slots as well, so if you are simply curious as to what a business course might have to offer but do not want to declare a major in the School of Business and Economics just yet, why not take a business course and see what it is all about? It certainly can’t hurt! Maybe it could lead to a minor in business?

The thing that really sparked my excitement for accounting was the internship this past summer with an environmental engineering firm in my hometown of Marquette, Michigan. I was an accounting intern at a company called TriMedia Environmental and Engineering Services. It was a great learning experience for me, and I was able to do hands-on projects and tasks, which gave me a preview of what an entry-level job in accounting might look like. For these reasons, I urge anyone who wants real-world learning and a view into what a career in their field might look like to seek out an internship. For me, this experience sold me on accounting and helped me to envision what I want my future to look like.

If you are thinking of changing your major, my best advice to you would be to do the necessary exploring to find out what you love to do and chase that. I would rather be pursuing a major that I love than pursuing something that I will be kind of happy with. It might feel scary to abandon a major that you have declared for yourself, but from personal experience, I am much happier now that I have found accounting, and I believe you can find the perfect major for yourself, too!

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