Tag: FinanceU

FinanceU Is Most Exceptional!

At the 20th Annual Student Leadership Awards on Friday, April 18, FinanceU received the honor of Exceptional Program of the Year.  FinanceU, an event in financial literacy put on by the Office of Financial Aid and the School of Business and Economics’ Finance Club on November 20, owes some of its success to its partnership with Michigan Tech’s Office of Financial Aid and Wells Fargo Bank.

The Finance Club and the Office of Financial Aid have partnered to produce the successful FinanceU events in order to help students make informed financial decisions.  FinanceU’s mission is to foster a greater sense of financial literacy among all students, regardless of major.  Topics discussed at this year’s event included financial aid opportunities, how to manage one’s personal finances, starting and continuously funding a substantial retirement plan, and provided students with online tools to help manage all of these aspects.  Financial Aid Advisor, Cindy Cowell, and Wells Fargo Store Manager, Ellie Freeman, were on hand to answer questions from audience members, but the main focus of the event was for students to present information to other students, since research shows that individuals are better able to understand a message when it is delivered by a peer.

This second consecutive FinanceU event held at its roots the same message as last year’s activity; Michigan Tech students were given the knowledge and power needed to enable them to begin making sound financial decisions before even graduating from college.  Similar to the previous year’s event, a survey was administered to participants, asking them to rate their knowledge of budgeting.  This year’s FinanceU event was so successful that the number of participants doubled, with over 200 students completing the surveys.

Brett Ludwig, 2013/2014 President of the Finance Club was extremely proud of FinanceU’s accomplishments.  “With this year being the second time FinanceU has put on the event,” Ludwig remarked, “we were hoping that it would be bigger and better than last year.  Mission accomplished.  With Donzel Dixson [Finance Club member] on the bullhorn outside, the flow of students coming to the booth as well as Finance Club members going throughout the library to ask people questions were astounding.  We’re excited to host more events in the future.”  Ludwig will be graduating in a few weeks, but will leave the Finance Club in the capable hands of Heath Johnson, 2014/2015 President.


Finance Club Fosters Financial Literacy on Campus

On November 20th, the Michigan Tech Finance Club in partnership with the Michigan Tech Office of Financial Aid and Wells Fargo held the second edition of FinanceU at the R. Van Pelt and John and Ruanne Opie Library. In line with the 2012 edition, this event aimed at fostering financial literacy on campus and was specifically tailored to students, regardless of class and major. It offered advising and information related to personal finance, financial aid opportunities (e.g. grants & scholarships), the relevance of starting  a retirement plan as early as possible, and useful tips on how to benefit from several online tools such as CashCourse – a free online personal finance program sponsored by the Alumni Association.

Students were asked to complete a short survey covering areas such as their current method of budgeting, Federal Direct Student Loan knowledge and any additional areas that they may have questions in. Financial Aid Advisor, Cindy Cowell noted “as a piece of our financial literacy initiative on campus, the financial aid office is pleased to partner with the Finance Club to implement programming designed to increase the financial literacy of Michigan Tech’s student body.” The club does an effective job of promoting the message to students that topics such as  budgeting, credit, responsible borrowing and retirement are critical to know in order to remain on a financially stable path.  Financial education now will enable students to make sound financial decisions and enable them to live the life that they desire later.

Well Fargo Store Manager Ellie Freeman also participated in Finance U noting that it is a great opportunity for students to ask questions, because it is a casual environment without any pressure. Freeman also added, “it’s important to know while you are in school the importance of building credit in a positive manner.” She also recommended that students have a minimum of three savings accounts: long term, short term, and 3 months salary. This event is great because it brings together people who have a great deal of knowledge about financial planning into one place that is easily accessible by students.

Financial Aid Advisor Cindy Cowell talks with a student about personal financial management.

The partnership between Financial Aid and the Finance Club is effective in delivering a critical financial message to Michigan Tech students. For example, hearing about a topic such as retirement and the need to start saving at a young age, is received by students much more readily when the message is coming from a peer. Michigan Tech students often have the opportunity to contribute to a retirement plan as part of their co-op job benefits. We hope to educate students to take advantage of these kinds of financial opportunities at as young an age as possible.

The Finance Club and partners collected 165 surveys this year-- double what they collected the previous year!

This event is the outcome of the continued efforts by the Finance Club and the Office of Financial Aid to foster financial literacy on campus. Dr. Oliveira said “our fantastic Finance Club members put significant effort to disseminate to their fellow students, knowledge and resources available either at MTU or in the world wide web that can significantly impact the betterment of personal financial management.” This year the Finance Club has also invited the local Wells Fargo manager to share her experience with tailoring retirement plans according to each individual’s life stage and goals. Oliveira also noted that the students’ interest and participation has been outstanding this year.  The Finance Club collected 165 surveys on finance-related practices and demographics this year –  an increase of 100 relatively to the prior year. Besides disseminating information our club members get a chance to practice their communication skills and ability to test their know-how with real world questions. We are looking forward to learn from this year’s experience and continuously improve this annual event.


Oliveira Named Student Organization Advisor of the Year

Finace Club advisor, Emanuel Oliveira, names Student Organization Advisor of the Year.

Each year the Student Leadership Awards celebrate and reward the individual and group efforts of students involved in organizations across campus. There are awards for student employees, residence halls, and student organizations.

Congratulations to the following students, student organizations, and advisors for inspiring community, scholarship, possibilities, accountability and tenacity within Michigan Tech as well as our community.

Within the School of Business and Economics Senior Lecturer in Economics, Emanuel Oliveira, was selected at this year’s Student Organization Advisor of the Year. Emanuel participated and motivated the Finance Club organization’s membership and is respected by members of the organization. However, the greatest activities contributing to this award was the Finance Club’s FinanceU event last semester.

Yu Summer Gu, an MBA student, was also selected as an award recipient from the School of Business and Economics.  Summer was actively involved and enthusiastic in campus activities .  She was the driving force behind a greatly improved Chinese Night which had a larger attendance this year, almost tripling participation from any year prior.

Here are your 2013 Student Leadership Award recipients:

  • Melanie Hoffman, President’s Award for Leadership
  • Michael Adler, Provost Award for Scholarship
  • Claire Meneguzzo, Vice President’s Award for Service
  • Kevin Cassell, Exceptional Leadership in Student Governance
  • Yu Summer Gu, Exceptional Enthusiasm as a Student Leader
  • Jason Cattelino, Student Employee of the Year
  • Hannah Altscheffel, Rising Star of the Year
  • Caleb Vogt, Undergraduate Research Expo, Exceptional Program of the Year
  • Society of Women Engineers, Most Improved Student Organization
  • Leo Ureel II, Breaking Digital Barriers, Exceptional Community Service Project
  • Memorial Union Board, Student Organization of the Year
  • Emanuel Marcos R. Castro Oliveira, Student Organization Advisor of the Year


What happened this semester? Fall 2012 Student Project Round-up.

It seemed like just yesterday that campus was green and the sun was shining–wait, that was yesterday. Even with a relatively mild fall as a distraction, the students in the School of Business and Economics have been busy making significant advances in their own professional development, marketing savvy, and knowledge conquests. Reflect back with us as we review a few of the best class projects from the Fall 2012 semester at Michigan Tech.

APMP students, Anna Paul, Jessica Zaiki, Mike Harry, and Justin Wilson met with Perrigo's CFO to discuss corporate financial decision making.

On-Site Company Research for Finance Competition at Perrigo

In late November, four students in the Applied Portfolio Management Program traveled to Perrigo, the largest manufacturer of over-the-counter pharmaceuticals in the United States, located in Grand Rapids, Michigan as part of the CFA Institute Research Challenge. This competition brings students, publicly traded companies, and industry investment professionals together to promote hands-on mentoring and intensive training in company analysis and presentation skills.

Anna Paul, Jessica Zaiki, Mike Harry, and Justin Wilson took part in the investor relations meeting and talked to Perrigo’s CFO, Judy Brown, about financial decision making and analysis within the company. The students will now take the information and compile financial forecasting to present at a competition against five other schools at Western Michigan in February.

“This trip made learning about the actual company so much easier than pulling information from the website,” said Paul. “It’s nice to see that a world leader in the pharmaceutical industry cares about the local community and not about cutting corners.”

This is the first year that Michigan Tech was able to take part in this competition thanks to the support given to APMP by Jim and Dolores Trethewey.

Management Information Systems Students Team Up with Blue Terra Energy

Dave Camps, CEO of Blue Terra Energy, LLC, pictured with Emily Jensen, Rachel Plafchan, and Seth Stever, students in MIS 4100.

Emily Jensen, Rachel Plafchan, and Seth Stever worked closely with Blue Terra Energy LLC, a local energy company in Hancock, to develop a usable database system as part of an upper-division management and information systems class. Assistant Professor in Management Information Systems (MIS), Haiyan Huang, orchestrated the curriculum to include this experiential learning opportunity.

“The goal was to streamline the data collection, organization, updating, reporting, and analysis processes for the company,” she added.

Working closely with client Dave Camps, CEO of Blue Terra Energy and ’93 Mechanical Engineering alum, students were able to create a workable database with customized customer fields, inputs, and sorting that will keep projects running smoothly.

“I have been very uneasy about our data and the cost to maintain it. I am very excited about the system the students developed and it has great potential,” said Camps. “This system is really going to help us a lot to track customers, schedules and orders. It will allow us to move forward more aggressively. I am eager to get this implemented on our server.”

Finance U: Educates Michigan Tech Students about Financial Literacy

First FinanceU Event hosted at Michigan Tech. A partnership between the Finance Club and the Office of Financial Aid.

During December, the Michigan Tech Finance Club, in partnership with the Michigan Tech Office of Financial Aid, held the first FinanceU educational event at the J.R. Van Pelt and John and Ruanne Opie Library. Aimed at fostering financial literacy on campus, the event was specifically tailored to students, regardless of class and major. Finance Club members offered personal consultations and information related to personal finance, financial aid opportunities, the upcoming FAFSA for 2013-14, and useful tips on how to benefit from CashCourse – a free online personal finance program sponsored by the Alumni Association.

“Since last May, this fantastic group of students and financial aid representatives have been working together on organizing and developing content to make FinanceU as effective and fun as possible for everyone, regardless of class and major,” said Finance Club Advisor, Dr. Emanuel Oliveira. “Now it is time to learn from this first experience and the 69 questionnaires we were able to collect from students concerning their demographics and financial habits. Ultimately, the goal is to make FinanceU an annual financial literacy event on campus though we are also seriously considering the feasibility of holding it every semester. We sincerely believe that all participants have something to win from this.”

A Leaner Meaner Brand: Students Report on Subway’s Marketing

Amber Campbell, Michael Bennet, Joel Vertin, and Qin Xu developed a marketing plan to improve the brand of Subway in both America and China.  As part of the MBA Marketing, Technology, and Globalization course taught by Assistant Professor of Marketing Soonkwan Hong, the team worked together to present a compelling case for change. The final presentation is available on the School of Business and Economics YouTube channel.

Marketing for Local Businesses: Gitzen Company

[youtube]http://www.youtube.com/watch?v=yupfjG_s1CU[/youtube]

Students in Assistant Professor of Marketing Jun Min’s Business-to-Business marketing course provide marketing consulting for local companies. This student consulting project was designed to apply knowledge of marketing theories in a real business context, evaluate the practices of the client company, and develop an advertising strategy for potential customers.

A team of students including Angela Barr, Kaylee Betzinger, Chyanne Knudsen, Samantha Robbins, Christina Ruth, and Sarah Vadnais put together a strategy that included a commercial (above) for Gitzens Company that provides food products such as candy and snacks and operates out of Houghton, Michigan.

Digital Marketing for ShareBliss.com

ShareBliss.com is a new website that combines features from popular social sites, such as Pinterest and Sharethis, and integrates online advertising by using Googles Ad Sense. While ShareBliss.com is a live site, the founders are completing beta testing and needed digital marketing advice for their formal launch.  Instructor Cindy McColley’s Digital Marketing class completed projects and sent them to the ShareBliss.com founders who were thrilled to obtain thoughts and insights from the Michigan Tech students; and they were impressed with the quality and detail of the work.

View the ShareBliss.com digital marketing projects from Lindsee Willis and Alexander Alsobrooks.