Tag: School of Business and Economics

Finance Club Visits Chicago

On November 4, the Finance Club had the opportunity to visit Chicago to meet with finance professionals across the industry. First they visited Northern Trust, a financial services company. The club had the opportunity to speak with professionals who specialize in areas such as wealth management and private equity. The professionals at Northern Trust emphasized the importance of taking advantages of opportunities, such as internships and school programs like APMP. Students also learned that it is important to constantly challenge themselves to make a lifetime career, not just a job.

The club then had the opportunity to tour Chicago Board of Options Exchange (CBOE). There, the club learned how trading used to be conducted in the chaotic world of trading floors and see how much technology has impacted trading and investing.

Students were also able to tour the Chicago Federal Reserve where they learned about the role the Federal Reserve plays in the U.S. economy. The Federal Reserve is responsible for functions such as setting monetary policy and regulating the banking industry. It is also responsible for keeping the money supply at sustainable levels around the country. The club had roughly $3 billion of cash under their feet as they learned about the nation’s bank.

After a successful trip to Chicago, the Finance Club says they are ready to spread knowledge throughout campus through multiple financial literacy events.  Stay tuned for more information!

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Accounting Club Visits Milwaukee

On October 13 and 14, Kappa Sigma Iota (KSI accounting club) visited Milwaukee to experience some business in action. The students were hosted by Becker Professional Education.  Their first stop was Schenck CPA firm, then they visited with PwC Advisory (the second largest CPA firm in the world) with a final stop at Bemis Manufacturing.  Students on this trip were able to meet with everyone from managing partners to newly hired accountants.  Some student comments on their experience:

“Accountants sure do love their jobs!”

“Excel is the tool of business, and I need to learn to use it better.’

“I got a better understanding of what they are looking for when they ask situational questions during an interview.”

KSI is already beginning to prepare for their Volunteer Income Tax Assistance program (VITA) which will take place in February.  Through this initiative students in the accounting club assist community members and area students with completing tax returns.

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Brown Bag Lunch Seminar

The School of Business and Economics will host its second brown bag lunch research seminar of the semester on Friday, October 14 at 12:00pm in Academic Office Building 101.  Dr. Emanuel Oliveira will present his recent study.

Title: Union density and entrepreneurship: A motivational approach

Abstract: Prior economics literature has examined the role of union density on rates of
entrepreneurial entry and found a negative relationship. Reasoning that strong unions increase
costs and risks for entrepreneurs, researchers found that raw counts of new entries declined with
increasing union density. By differentiating between necessity and opportunity entrepreneurship,
and looking to motivation theories, our study challenges at least part of these earlier findings.
The results of our multilevel modeling analyses deployed on a large cross-country sample of
entrepreneurs suggest that: (1) union density is positively associated with opportunity-based
entrepreneurship; and (2) union density is negatively associated with necessity-based
entrepreneurship. The entrepreneurship literature suggests that only opportunity entrepreneurship
is positively associated with economic development. Thus, our findings may transform the
understanding of the role of union density and lead to alternative policy recommendations.

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Information Session: BS in Engineering Management

Consider attending the information session on the Bachelor of Science degree in Engineering Management.  This is one of the Crazy, hot majors at Michigan Tech!

  • Great degree for those who have an interest in both the technical and business sides of a company
  • Option for primary or dual degree (MEEM, MET, Civil Eng, Materials Eng, and others with approximately 33-42 credits more)
  • Fastest growing major in the School of Business and Economics
  • Increased interest by employers coming to the Career Fair
  • Participate to learn more about the BSEM even if you have declared it as a major

Waupaca Foundry (1)

Wednesday, October 5 at 4:00pm in Academic Office Building 101

Questions?

Dana Johnson, PhD dana@mtu.edu

Jodie Filpus-Paakola jrfilpus@mtu.edu

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Accelerated Tech MBA Info Session

Come learn about the School of Business and Economics’ new Accelerated Tech MBA program!

Dr. Rebecca Middlebrook will be hosting an info session on Wednesday, October 12 in Academic Office Building 101.  Stop by to learn how to double count undergraduate courses, utilize the Senior Rule and graduate with your Tech MBA in one year!  Pizza and soda will be provided.

For more information, visit the Accelerated Tech MBA Program website, or contact Dr. Rebecca Middlebrook, ramiddle@mtu.edu.

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