Tag: MBA

Businessweek states 2011 MBA Job Outlook is Bright

Are you focusing on your career opportunities in 2011? According to Bloomberg Businessweek Writer Alison Damast who published “2011 MBA Job Outlook is Bright” last week, it’s a good time.

In a recent survey conducted by the MBA Career Services Council, “81 percent of career officers said they expected internship hiring to improve, up from 60 percent in 2009.”

Michigan Tech is no exception. The 2010 Spring Career Fair posted the highest percentage of companies recruiting business students in the history of the Fair. The 2011 Spring Career Fair 2011, scheduled for Tuesday, February 22, 2011, already has 111 companies signed up to attend.

Damast’s article also cited another reason for the bright outlook: “The encouraging hiring picture comes as business schools have changed some of the tactics they use to help students find employment. For example, this year 64 percent of schools said they saw an uptick in direct referrals of students to employers. Additionally, 58 saw an increase in alumni-initiated hiring of students.”

“The School of Business and Economics is engaged in an ongoing initiative to develop relationships with companies who are seeking out Michigan Tech business and MBA students,” said Dean Darrell Radson.

Mindovo, out of Winnetka, IL is one of those companies. Last fall, Mindovo’s founder, Tony Mars, and recent Tech MBA graduate, Kaari Nevanen, hosted an information session specifically to recruit current MBA students for their company.

“Companies who hire from Michigan Tech, like Mindovo, are continually impressed with the abilities of our graduates. Our goal at the School is to create career opportunities for our students and we’ll be doing it long after 2011 comes and goes.”


Algae Beats Ethanol as Alternative Fuel Source

Ryan Jones, 2010 Tech MBA GraduateWhen Ryan Jones ’10 was researching sustainable fuels as part of his MBA, he was surprised at what he found, more than once.

“I looked at the impact on the cost of foods and additional impacts that using corn for ethanol had,” he said via phone from his new job as an electrical engineer at Bonneville Power in Portland, Oregon.

“I learned that, if we used corn ethanol as a main fuel, or as 100 percent of our fuel consumption for transportation today, it would have a much larger impact than if we used fuel created from algae oil,” he said.

Jones compared the two sources and discovered algae could be grown at wastewater treatment plants, in addition to saltwater seas.

“Algae oil can be refined just like standard oil, something ethanol cannot tout,” he added, noting that ethanol was very water intensive during refining, and new facilities would have to be created to go ethanol-exclusive.

Another surprise: jet fuel created from algae was more resistant to freezing at lower temperatures, a plus in the airline industry.

“And, I also discovered that corn used for ethanol is different than corn used for consumption, so they are competing for the same land,” Jones said.

Not so with algae. The farms can be created just about anywhere, he said.

“In coastal cities, for example, it can be grown easily in the saltwater or adapt to wastewater treatment facilities, a true symbiotic relationship.

Jones said it was also interesting to look at all the impacts, not just weaning off fossil fuels, but the amount of corn subsidies that exist both for food and for ethanol production. This competition for subsidies is placing undue upward pressure on food costs.

No such subsidies exist, yet, for a leaner, greener alternative: algae.


Michigan Tech Welcomes Tech MBA Online Students

Students are participating in team building exercises and a business simulation while at Michigan Tech.
Students are participating in team building exercises and a business simulation while at Michigan Tech.

Yesterday Michigan Technological University’s School of Business and Economics welcomed 11 students into the first residency of the Tech MBA Online.  The group is comprised of backgrounds in engineering, business, and nursing, with students coming from locations as close as Copper Harbor and as far away as Colorado. Over the next few days, the students are meeting faculty and staff, participating in team building exercises, and learning about the resources that are available for their online courses.

The welcome reception, held yesterday evening, was the first opportunity the students had to meet their new classmates for the next two years. The light-hearted atmosphere was met with an edge of excitement. All but two students in the class are alumni of Michigan Tech, one hails from Northern Michigan University and another graduated from the University of Puerto Rico, Mayaguez.

Dean Darrell Radson, who could not attend due to work travel, left opening remarks to be read by Associate Dean Tom Merz, “We have worked very hard over the last two years to design this new program, one that focuses on the skills and knowledge you need to succeed in this increasingly competitive and technological world.“. Merz also welcomed the group, and gave a brief talk about group demographics from an economics perspective. He ended saying, “We hope this program exceeds all of your expectations.”

Director of Graduate Business Programs, Ruth Archer said, “We are ecstatic to have a great group of students with diverse work experience in this program. The group is bonding very quickly and they’re all excited to participate in the residency.”

More information about the residency experience, the first group of students, and the Tech MBA Online program will follow.


Summer Studies, Global Dreams.

A muggy, overcast afternoon had us sneaking off to the air-conditioned basement of the Academic Office Building. There, we found a handful of students hard at summer session studies. Dutiful (and hopeful), they were hitting the books and computers in pursuit of their own piece of the global marketplace.

Anthony Delebreau, an MBA student, was working on his Global Innovation Networks homework for Karol Pelc’s online class. He was reviewing the work between a Japanese electronic company and researchers at Princeton.

“I’m beginning with broad questions, then eventually deciding what they can do better, what needs to be done,” he said.

Delebreau, from Kewaunee, Wisc., will finish in December and wants to use his eleven years of Japanese language instruction helping Japanese and American businesses communicate. To keep up to date on the language, when he’s not walking dogs for the Humane Society, he watches Japanese professional wrestling on YouTube.

“I keep my Japanese dictionary near me,” he says. “And I hit pause and look up the words that I don’t know.”

Nearby, Tao Guo was studying for the same class, and he hopes to finish his MBA next May. He was looking at how Microsoft interacts with Asian vendors. Guo is from northern China and had a Chinese dictionary website on his computer for review if he got hung up on a word.

“I want to see how Microsoft coordinates with the vendors and how they use other resources like universities and institutions,” he says.

Guo majored in English and finance at China Northwest University and would like to find a job in the US (he’s had four years of experience in China) when his studies are done. He enjoys photography and sports in his free time.

Alyson Dreher, from Iron Mountain, was across the hall in the undergrad lab. The third-year accounting major was hoping to finish by the end of summer and begin graduate school in pursuit of a MS in Taxation at Grand Valley State. She will also go after the Certified Public Accountant(CPA) title.

She was studying for her Game Theory class with Tom Merz and Major American Authors with Ron Strickland (chair of humanities).

Outside of classes and labs? “I’m going to the beach because it is so hot,” she says.

She figures she’ll probably work downstate when all her schooling is done.

Liqi Fu was also getting some Game Theory homework out of the way, along with Sales Management, a class she is taking with Professor of Practice Bob Mark.

This summer, Fu kills free time “swimming, hiking and shopping.” The finance major hopes to graduate next May, before returning to southwest China, where she will help out with her family real estate business.

I wished her luck before heading back into the humid air, but she and the other cooled students didn’t need much luck. They possessed pluck.

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This story was written by Dennis Walikainen, senior editor at University Marketing and Communications.


MBA Student Granted EcoCAR Graduate Fellowship

The EcoCAR project has just received funding from the EcoCAR Outreach Graduate Fellowship
The EcoCAR project has just received funding from the EcoCAR Outreach Graduate Fellowship

School of Business and Economics professors Dr. Dana Johnson and Dr. Junhong Min have been awarded a fellowship to continue funding, Eric Joseph, a current MBA student, with the second installment of the EcoCAR Outreach/Communications Graduate Fellowship. The grant of $7,500, made possible by Argonne National Laboratory and the American Society for Engineering Education, will continue to fund the EcoCAR project here at Michigan Tech. Each EcoCAR university is expected to match the contribution in order to fund a full time Outreach/Communications person for the EcoCAR project.

As Outreach Coordinator of the EcoCAR project, Joseph is in charge of marketing, which includes updating the website, holding on-campus informational sessions, and posting fliers. In addition, Joseph has seized publicity opportunities with the Michigan Tech film board and TV 6. He is also responsible for setting up purchasing of parts and materials for the project, keeps the project budget, and arranges sponsorships. All in all, he is a busy guy.

“I became interested in the EcoCAR Enterprise because of my undergraduate experience in the Aerospace Enterprise,” said Joseph. “The Enterprise programs on campus provide tremendous opportunities to work on projects that will have an impact on society. The EcoCAR Enterprise is no exception. I really enjoyed working with the team last semester and look forward to working with them again this semester.”

The project is in its second of three years. During this phase of the project, the team is focused on preparing for a competition at the General Motors proving grounds in Yuma, Arizona in May. ”We’ll be refining the vehicle so that it is equivalent to a car on a dealer lot,” Joseph said. “We hope to have a fully operating vehicle that achieves better fuel economy than the stock vehicle.”

Learn more about the EcoCAR project at Michigan Tech
Learn more about the EcoCar Competition