Tag: finance

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.


Students Take Bloomberg Aptitude Test

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.


From Students: Michigan Tech is a Learning Playground….

Meet Danielle and Don. Both are students in the School of Business and Economics with different goals, ambitions and experiences. Danielle came to Michigan Tech for the outdoors and Don for his career goals. Hear from them why they chose Michigan Tech and what you have to look forward to as a student.

Danielle Boettger

“The Keweenaw is a playground for people like me. There are people here to help you if you haven’t experienced outdoor adventures before. It’s also one of the reasons I came here.”

[youtube width=”425″ height=”260″]http://www.youtube.com/watch?v=5pe0ANNPjAM[/youtube]

Donald Murray

“Being able to manage an investment portfolio as a senior is one of those opportunities you won’t have at every other school.”

[youtube]http://www.youtube.com/watch?v=nfPRPaE5rtg[/youtube]


Class of 2011 Rocks Deloitte

Danielle Linna (left) and Theresa Laubrick secured jobs with Deloitte LLP before their spring 2011 graduation.

In a time when graduates are struggling to find jobs, two recent School of Business and Economics alumni have secured positions at the world’s largest accounting company, Deloitte LLP. Danielle Linna and Theresa Laubrick, who graduated this spring, earned Bachelor of Science degrees in Accounting, double majored in finance, and graduated summa cum laude. While some time off from their impressive academic accomplishments would be expected, instead they studied for the Certified Public Accountant (CPA) exam and started positions with the company in fall 2011.

Danielle Linna: Passion for Accounting

Danielle Linna found her passion for accounting in high school. “I took an accounting class my junior year and fell in love with it. Since then, I’ve known it’s what I want to do with my life.”

As a student, Linna was heavily involved in organizations across campus. She furthered her business experience in organizations such as the International Business Ventures enterprise and the accounting club Kappa Sigma Iota, and she also completed the Applied Portfolio Management Program (APMP). As a member of the Delta Zeta sorority, the First Year Experience, and the Michigan Tech Dance Team, Linna rounded out her education and built connections across campus.

Linna believes that her wide range of experience and work with engineers and technology students gave her a competitive advantage over other applicants for her position. “Working with people from different backgrounds allowed me to develop a flexible communication skill set, which will be helpful when dealing with clients.”

This fall, Linna started her position as a staff auditor in Deloitte’s Accounting and Auditing Group in Milwaukee. With a minor in German and an interest in international
accounting, she hopes to participate in a program at Deloitte that will allow her to work for two years at one of the company’s international branches. “I want to make
an impact on national and international accounting standards and financial procedures,” she said.

Theresa Laubrick: Hard Work Pays Off

With a double major in accounting and finance and a minor in music and the Enterprise program, Theresa Laubrick shouldered an undergraduate course load that would make a less motivated student collapse. Far from being overwhelmed, she added on as many extracurricular activities as possible. “Students can use the experience they gain from campus involvement and apply it to their futures and careers,” she said.

During her years at Michigan Tech, Laubrick was a member of Kappa Sigma Iota, participated in Concordia Student Ministries, and served as the CFO for the Aerospace Enterprise. She also worked as a writing coach and teaching assistant in the Michigan Tech Multiliteracies Center, citing the experience as an important factor in her personal and professional development.

In her position with Deloitte, Laubrick blends her love of working with people and her technical interests. At the company’s Detroit branch, she works in the Tax Department’s Research and Development Credit Group, where she is responsible for data analysis, write-ups, and generating the tax credit for clients with large R&D
programs, including engineering firms.

In the coming years, Laubrick hopes to shape her career according to words of wisdom from Stephen W. Gilman, the founder of the business honor society Beta Gamma Sigma: “Success is not to be measured by income but by influence, not by power but by personality, not by capital but by character.”

Hats off to Danielle and Theresa for passing the CPA in summer and fall of 2011.

This article was originally published in Impact, the Michigan Tech School of Business and Economics magazine, and was written by Erin Kauppila.


MBA Student Receives Mentoring Scholarship

2012 LSGI Scholarship recipient, Wei He, pictured with LSGI Fund Manager, Joe Dancy during the Fall 2011 LSGI Room Dedication at Michigan Tech.

In partnership with the LSGI Technology Venture Fund, the School of Business and Economics is pleased to announce that former APMP member and current MBA student, Wei He, is the 2012 LSGI Mentoring Scholarship winner. The scholarship is awarded to students who display excellent academic achievement, expresses an interest in finance or applied mathematics, and demonstrates high moral and ethical characteristics.

Ms. He participated in the Applied Portfolio Management Program (APMP) during 2010-2011 and now will provide the 2011-2012 team as well as finance classes with mentoring and support. The current APMP students actively manage, under guidance, $1.3 million of the university’s endowment fund.

During her time at Michigan Tech, she was the co-founder and secretary of the Michigan Tech Finance Club. Last year, as part of the APMP team she attended the 11th Redefining Investment Strategy Education (RISE) forum at Dayton University, Ohio, and her team earned 4th in the balanced investment category. Wei graduated in the major of Finance with Summa Cum Laude and right now she is pursuing her MBA degree at Michigan Tech. She is an active member of the Beta Gamma Sigma Honor Society and the MBA Association. Wei also achieved placement on the dean’s list every semester.

In her free time Wei enjoys various sports, and traveling both domestically and abroad.

About LSGI

LSGI Advisors Inc. is a Texas corporation that acts as general partner for the LSGI Technology Venture Fund L.P., a private mutual fund for SEC accredited investors. LSGI Manager, Joe Dancy, serves as an advisor to the Michigan Tech Applied Portfolio Management Program, overseeing finance students responsible for managing $1 million of the University’s endowment.Dancy also instructs oil & gas and environmental law programs at Southern Methodist University School of Law in Dallas, Texas.

To learn more about the LSGI Fund, please visit their website.