Common Sense Investing Event Benefits Business Students

Last Thursday evening, Vice President of Trust Investments at Superior National Bank, Chris Gariepy, spoke to a full room of Michigan Tech students as he shared his knowledge on common sense investing.  Chris discussed highlights from his career on investing and money management.  This event was supported by the Finance Club which promotes interest and knowledge in the field of Finance. The objectives of the Club are to increase interest in finance among Michigan Tech business students by relating the experiences of students, professors and alumni and to provide business students a comprehensive understanding of the finance industry.

Superior National Bank Vice President of Trust Investments addresses students at Finance Club event.

Chris also provided valuable insight into what it takes as a new college graduate to start investing.  Senior, finance major Walker Derby, said “I really enjoyed hearing from someone local who had pertinent advice for people going into the field as well as for individuals who are looking for a greater grasp on financial knowledge.”  Derby also noted that having someone with extensive experience in the financial industry address questions was enlightening, especially for students who are new to the field.

Students in attendance from all School of Business and Economics majors benefited from the event.  The information that Chris brought was insightful on real world applications and interactions of finance, management, economics, and accounting concepts.

Research Presentation: Junhong Min

Assistant Professor of Marketing Junhong Min will present on March 6th at 1pm in AOB 101.

Please join the School of Business and Economics and Assistant Professor of Marketing Junhong Min for a brown bag lunch presentation on March 6th at 1pm in Academic Office Building 101. His presentation is titled: “The new product development using the decomposition analysis: stimulus presentation mode bias.”

Upcoming Presentations

  • Andre Laplume – March 20, 12 – 1 pm, Outstreaming for ambidexterity: How serving internal and external customers can facilitate exploration

Students to Help Copper Dog 150 with Statistics

Dogs race through downtown Calumet in the Copper Dog 150.

Leave it to students from Michigan Technological University to up the ante on an already exciting race. Two teams of students are lending their talents to the CopperDog 150 Sled Dog Race in the Keweenaw this weekend.

One team will focus on real-time statistics; the other will help provide near-live video streaming via YouTube.

It’s all part of a team dynamics/problem solving course in the School of Business and Economics, taught by Michele Loughead.

“The goal is for students to learn how to create and operate in highly effective teams,” Loughead, an instructor, says. “I teach the tools, but more importantly, we focus on the relationship between each team member,”

It seems to be working. Ben Christensen, a third-year computer network and system administration major from Howell, is spearheading the number crunchers.

“We’ve set up a system that takes the raw data and automatically does all of the calculations and posts it without user intervention,” he says. “All that a person needs to do is put in the raw check-in times from the radio operators.”

He’s especially excited about a new feature: forecasting arrival times at checkpoints.

“We’ll be keeping live stats on the mushers’ average speed and lead times, and posting them all on the leader board,” he says, showing his team’s handiwork on his laptop.

Using last year’s results, they’ve created an interface that will show all the mushers and their times between checkpoints. Rolling over the display reveals their locations.

“And we’ve only been at it for four weeks,” he says. “We looked at other races, like the UP 200 in Marquette, and other sports. Horse racing has some similarities.”

The difference here, he says, is the staggered start of the teams, complicating matters a bit.

“We also called and emailed some of the mushers to see what they would like us to include.”

Radio operators around the course will report the teams’ progress through the checkpoints to a central recording location in Calumet. There, Christensen and his team will crunch the numbers and post them on a high-speed Internet-based spreadsheet for the world to see.

“We had to answer some questions to proceed: what stats to collect, what formulas and calculations to use, how to present it and how to design for the user experience,” Christensen says.

And that includes a smart-device version, half the size of the original, for phones and other smaller screens.

Is it live? Almost.

Nikoli Wiens is leading the team capturing the race on video. The complications are many; but the payoff will be great, the accounting student says.

“We will have access to the dedicated high-speed Internet connection, so that will be huge,” the accounting major from Duluth says. “We’ll be doing video around the starting point, but we want to get out to the checkpoints, too.”

Therein lies the bigger problem: how to get the high-definition video shot out in the woods and brought back to Calumet for uploading in an efficient manner.

“We plan on editing while we’re getting driven back,” he says. “We also need to figure out what to put in, what will be relevant to people. We have to be as prepared as possible beforehand because we know it will be crazy that weekend.”

Teamwork will help, he says. They’ve known each other for a while and work well together.

Good thing.

“There’s so much stuff that needs to be done, he says, “and this is real-world experience, especially under these time constraints.”

Their ultimate goal, driven by Todd Brassard, executive race director, is to “recreate the atmosphere of the event,” Wiens says.

“We want to talk to spectators, too, as well as the mushers,” he says. “We know getting all this online will be a challenge, but it will also be a lot of fun.

And he’s looking down the trail.

“I won’t be able to see the race as much this year, but in the future, after we have a system down and students build it better, smarter and faster when I’m not here, I can come back some day and enjoy the race.”

Brassard is more than happy for the help.

“It makes a lot of sense for us to leverage the brains and work ethics of Michigan Tech students to develop and grow the event,” he says. “With the help of the two teams from the Business School, we are bringing the information we output to the world to a whole new level, with real-time standings and human interest video updates during the event.”

“With only four weeks from concept to execution, if we succeed, it’s going to be amazing,” he adds.

This story was originally published by Dennis Walkainen for Michigan Tech News

Studying Across Cultures: Eli Karttunen

Eli Karttunen, a fourth year economics major studied in Germany during summer of 2012.

Why did you study abroad?

Studying abroad allowed me to see how economics and finance courses are taught from a European perspective. Also, to take classes with foreign professors and students gives you a large networking advantage, as well as the chance to work in multicultural teams, all of which are invaluable experiences for graduate school, as well as later in life. All too often, it seems that economics has the potential of being taught from a politically skewed or nationalistic point of view,so understanding how Germans view different economic theories or events like the European Sovereign Debt Crisis was appealing.

What did you experience?

The first part of the program was a course on German language,culture, and business, which is designed to not only give the US students a working vocabulary and knowledge of German language and grammar, but also to provide insight to German culture and political institutions. Students present on a variety of topics and have to write a paper by the end of the program. I presented on “The German Banking Sector” and “The German Social Security System.”So far, the difference has been that homework and projects aren’t that big in German education. It’s all about the exam grade. In fact, for university classes, you don’t actually register for them here, you just attend the lectures you want, memorize the note packet the professor sends out, and you register for exams and take them. Nothing else is graded.

What was the best part of your trip?

The best part of the trip is simply being in Europe and being able to travel around and experience the culture. So far, we’ve been to Hannover, Hamburg, Amsterdam, Berlin, and Luneburg. With travel plans to Rotenburg, Munich, Heidelberg, and Helsinki the capital of the land of my ancestry in Finland.

Would you study abroad again? Would you go somewhere new or to the same location?

Study abroad is an invaluable experience in many ways: academically,professionally, personally, and socially. You learn of new ideas, new ways of doing things, and meet tons of people you’d otherwise never have known. I definitely would do it again, given the opportunity. Germany is a great place, and I’m sure I’ll return someday, perhaps for work—I’d definitely need to learn more German first—but for sure for vacation some day. But in order to see other places around the globe, I’d probably want to check out somewhere new!

Originally published in Impact, Fall 2012.

Networking for Success

Caitlin Pionke '12, a management major at Michigan Tech, talks about how she used networking to secure a job at Dow Chemical in Midland, Mich.

“Networking” is no more than a vague concept for many students, something they might do in a far-off professional future. For management major Caitlin Pionke, networking came into play far earlier as a crucial job-hunting tool.

Like many graduating students, Pionke started her job search in a tough, highly competitive market.

“One of my friends applied for thirty-five jobs without success,” said Pionke. “I applied for two. And, thanks to networking, I got offers for both.”

Pionke’s networking opportunities came on the heels of her 2011 Woman of Promise award in the School of Business and Economics. Michigan Tech’s Women of Promise program, which was initiated in 1999 by the Presidential Council of Alumnae (PCA), is a way to recognize a female student in each department who goes above and beyond what is expected of them. Students who win the award gain an introduction into the network of alumnae who have been recognized for outstanding professional achievements.

Pionke made full use of the opportunities afforded her as a Woman of Promise, fearlessly using the network of PCA alumnae as a support system. “During the first event, I introduced myself to PCA members, asked for career advice, and sent my résumé to everyone I met,” she said. “All of the women in the network were supportive and happy to be of service. They helped me get my résumé to the right people.”

Well aware of the scarcity of jobs, Pionke worked tirelessly to build on these relationships in the months leading up to her senior job fair at Michigan Tech. “You have to actively show that you are interested in the job with regular contact and follow-ups,” she said. “Face-to-face connections and name recognition are important, especially when many students are applying online. You can’t just click “apply” and send a résumé.”

Using tools like LinkedIn, she branded herself as a strong communicator and promoted her experience as the business team leader for the International Business Ventures group, a member of the Beta Gamma Sigma national honor society, and a small business owner.

Pionke’s hard work and strategic job hunt paid off. By the time she arrived at Dow Chemical’s booth at the job fair, company representatives knew her by name. After several rounds of interviews, Pionke accepted a position as an information analyst in the company’s IT department, which she will start in June 2012.

“The whole experience was a lesson in the importance of networking,” she said. “I’d advise all students to do the same.”

PCA members pictured, top to bottom, are Ellen Horsch ’78, Carrie Schaller ’87, and Marie Cleveland ’82.
Originally published in Impact, Spring 2012.