Michigan Tech College of Business Newsblog

Tag: Undergrad Information

Tech’s Accounting Major Among Top in State

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Prospective students looking for a top accounting program can look no further than Michigan Tech, whose program ranks number three in the state among four-year public colleges and universities according to newly released rankings by College Factual. Only Michigan State and Hope College rank higher on its list.

Michigan Tech accounting has achieved this ranking two years in a row.

Two students in learning center

Dean Johnson, dean of the College of Business, says it’s our focus on technology in addition to attentive faculty that offer superior outcomes for Husky accounting graduates.

“The accounting field is being driven by technology and a demand for data management. Our grads are uniquely prepared for high-level, high-tech careers in accounting because of our nimble curriculum led by professors who care.”

See College Factual’s 2020 Best Accounting Schools in Michigan list here.

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They Can See Clearly Now: Couple Donates Washer Fluid for Student Travelers

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By Mark Wilcox, University Marketing and Communications

Roger Woods (engineering management faculty) and Teresa Woods (Math) often travel during the holidays. For a while now the Woods have been looking for a way to make a donation related to residential life, when the idea of helping students traveling home for the holidays came to mind.

Drone photo of campus and Portage Canal

“In our various Thanksgiving and Christmas travels we have always gone through gallons of washer fluid heading downstate or to Wisconsin,” Roger Woods says. “We recognize that most Tech students do the same but may not have factored washer fluid into their plans. We came up with the idea of donating cases of washer fluid to the residence halls for whomever needs it.”

The Woods reached out to Auto Value of Houghton which sold them 100 gallons of washer fluid at cost. The washer fluid will be available beginning today at the desks of each residence hall.

Joseph Cooper, director of Student Financial Services, is also interim director of Residence Education and Housing Services. He applauds the Woods for their creative donation. “Many of us have been in the predicament where we’re struggling to get to the next gas station to fill up on washer fluid. This is an incredibly generous idea and we appreciate Roger and Teresa supporting our students in this unique way.”

Gallon bottles of washer fluid are available for students on a first-come, first-served basis along with a wish for safe travels from the folks who donated them. “From your fellow road trippers, R & T Woods — Be safe.”

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Preparing for a Future-Proof Career: My Experience at the Global Leadership Summit

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By Jennifer Carolan, accounting student

As part of Beta Gamma Sigma (BGS), the honor society that represents the top five percent of the top 10 percent of AACSB-accredited business schools, I recently attended the 2019 Global Leadership Summit in Chicago. The event had many networking opportunities and included recruiters from Geico and KPMG (a top accounting organization), as well as amazing speakers and 400 other students from all around the globe. Throughout the conference, I made many connections to concepts I am familiar with thanks to my business classes at Michigan Technological University.

Student stands in front of pull-up banner at conference
Students in Beta Gamma Sigma are recognized by employers as being the “best in business”

 The Future of Work panel highlighted how with artificial intelligence (AI), it is important to have specialized skills and to rapidly adapt to technology. This is the perfect takeaway for me as a Michigan Tech student because Tech is giving me the tools to work with technology and to specialize with a data analytics concentration. 

During the trip, I became familiar with the Clifton Strengths test from one of the speakers. The Clifton Strengths test helps identify four key categories of strengths to better understand how people perform. The test provides self-awareness and helps understand how people with different skill sets work together, which is one of the skills that won’t lose value in the future and is something we spend a lot of time on in our Team Dynamics business class. 

Another reference to my classes was ethics. Ethics is a part of many of my courses at Michigan Tech and for good reason; I learned that 83 percent of people experience an ethical dilemma in the first two years of employment, and everyone does at some point in their career. One of the speakers taught the RAISE (Recognize, Analyze, Identify, Select, Execute) model to combat unethical situations. It is important to follow through to the end when combating unethical situations, even if it isn’t easy. I plan to take this advice to properly handle unethical situations in my future career. It feels good knowing I have a plan for difficult situations I might encounter.

One of Michigan Tech’s core values–tenacity–was emphasized by a speaker. They defined it as a mathematical equation: skill plus achievement plus effort. Michigan Tech students certainly have tenacity and it is an asset that won’t go away anytime soon. The speaker also mentioned the importance of self-awareness and communication, because the future of work will require soft skills no matter how technologically advanced the world becomes. 

Lastly, a recurring theme throughout the whole event was life-long learning. Dean Johnson, dean of the School of Business and Economics, also believes it’s the right mindset to have in business. It was noted that being a life-long learner is not just about continuing your education, but that it could also be specializing with certificates, learning new technologies, and simply being willing to adapt to our changing world.

Careers of tomorrow won’t look like they do today, and preparing myself for the changing world is an important step. 

Student stands in front of Beta Gamma Sigma pull-up banner at conference.
Students in Beta Gamma Sigma are recognized by employers as being the “best in business.”
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New Scholarship Targets Non-Resident Business Students

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Three students in library with Apple computer
The National Business Scholars Program provides $20,000 per year to incoming students in the School of Business and Economics who are from outside the state of Michigan or from international countries.

As part of an initiative to expand the School of Business and Economics by providing greater access, Michigan Technological University launched a new scholarship program for students from outside the state of Michigan—including international students—who are considering attending Michigan Tech in fall 2020 for an eligible business or management major.

“Around the world, business ranks as the most-pursued college major. We’re excited to offer this new opportunity to serious business students who see the advantage of studying at a technological university,” says Dean Johnson, dean of the School of Business and Economics.

Renewable for four years, the National Business Scholars Award, which is automatically awarded, is valued at an unprecedented $80,000. The program was piloted last December and officially launched in September.

“In many cases for students in Wisconsin and Minnesota, we are the closest accredited business school with a technology focus—the key to a successful career in today’s business world,” Johnson adds.

Majors included in the program are accounting, construction management, economics; engineering management, finance, general business option, management, management information systems and marketing. In addition to National Business Scholars award funding, recipients have the opportunity to earn additional aid based on results from student’s Free Application for Federal Student Aid (FAFSA).

Learn more about the National Business Scholars Program.

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My Internship with Bank of America

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By Breanna Stohr

student stands in front of canal
Senior finance major Breanna Stohr’s summer internship shaped her career goals.

My summer internship with Bank of America in Grand Rapids, Michigan, was a memorable one. The opportunities I was given were unbelievable. I am proud to say I was able to find not only my dream job but my dream company as well!

I experienced both the retail and the wealth management side of the company. On the retail side, I worked closely with my market leader and the leader of the Student Rush program. Through this program, I traveled to Grand Rapids colleges and universities to engage them in the opportunity of Bank of America coming onto their campus to teach financial literacy to students. I connected with many student-life representatives within the Grand Rapids community area. It was great!

In the downtown wealth management office (previously branded as Merrill Lynch, the American investing and wealth management division of Bank of America), I networked with established financial advisors within the Grand Rapids area. There, I cemented my career plan to become a successful financial advisor after I graduate this spring. I worked closely with a financial advisor on research projects including bank rates, budgeting tips, digital apps, unique ways to change daily habits in your financial life, constructive criticism, and hospice and home health care.

Throughout my internship, I grew as a young professional by experiencing many different work environments. Being a student from Michigan Tech made me stand out for sure. I demonstrated to teammates at Bank of America what Michigan Tech School of Business and Economics students can do, and also how involved the University is with preparing its students for the professional world.

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