Category Archives: Finance

UM-Flint Financial Management Association Receives Top Three Honors at National Finance Conference Case Competition

By Alexis Menard On April 8, 2020 3:45 pm

Financial Management Association members at the 2020 Finance Leaders’ Conference. From left to right: Mustafa Salim, Parker Faubert, Ciera Meier, Austin McIntosh, and Todd Fridline. (Photo provided by Austin McIntosh).

During the 2019-2020 school year, the UM-Flint Financial Management Association (FMA) made a strong comeback. In recent years, the student organization has become inactive. A group of committed UM-Flint School of Management students made it their mission to restart the organization and offer resources to students interested in financial management. 

The mission of the Financial Management Association is to help students learn and challenge each other about various aspects of finance, such as investment banking, investment trading, investment management, and business administration-finance. They accomplish this through networking, being leaders in their classrooms, biweekly meetings, guest speaker events, and this year, attending a national conference. 

In early March, five students attended the 2020 Finance Leaders’ Conference in New York, New York, for the first time in the history of the organization. The team members that attended were Parker Faubert (BBA in Finance), Todd Fridline, Vice President of FMA (BBA in Finance), Hannah Hodgkinson (BBA in Accounting), Austin McIntosh, President of FMA (BBA in Finance), Ciera Meier, Treasurer of FMA (BBA in Accounting and Minor in Criminal Justice), and Mustafa Salim, Secretary of FMA (BA in Economics and Minor in Finance).

These determined students highlighted their skills and accomplishments in a Financial Case Competition with 60 other universities throughout the country. The deliverables of their case focused on the macroeconomic, quantitative, and qualitative analysis of Peloton, the popular at-home workout equipment that also provides customer support through their app and live-streams. 

“Due to this being our first time participating in this event, we did not know what to expect leading up to the event. Five of our six members were allowed to compete in this competition, and we divided the work up equally between these five members. We were given five hours to complete our analysis and we utilized this entire time. The deliverable for this portion of the competition was a four-page case report,” said Todd Fridline. 

FMA presented their findings to a panel of judges, and from their hard work, they received Top Three Honors in this competition. “This was a tremendous experience for everyone involved,” said Todd Fridline. 

“Since it was our first conference, we were not sure what to expect out of this weekend. Our main goal for this conference was to take in as much information we could. From there, we can take this information to guide the club’s meetings and future conferences going forward. We were looking at this conference as a gateway to get the club up to the potential we see it as,” said Ciera Meier.

  • Pictured left to right: Ciera Meier and Hannah Hodgkinson (Image provided by Hannah Hodgkinson)

Austin McIntosh, President of FMA, said, “We would absolutely like to attend the conference again and become a routine part for the club and to build upon the success that we enjoyed this year. We would like to continue learning more in-depth aspects of finance and the business world. Previous competitions held at this conference were quiz bowls and case competitions, so if we continue to learn and practice these skill sets, it will set us up for success not only in future conferences but also in our careers.”

The faculty advisor for FMA, John Stephens, Lecturer of Accounting and Finance for the School of Management said, “I am very happy with the activity of the club and the initiative they have taken to plan, organize, and arrange funding for the trip to New York City. I am also very proud of their accomplishment with the case competition. Each school could decide if they wanted to enter the competition. Not only did the UM-Flint FMA decide to enter, but they also were all very enthusiastic about the competition and their deliverables. The analysis was very strong and the students ended up placing third for their analysis of the Peloton Corporation and earning a prize stipend. The other schools in the competition were much bigger programs, but our students proved that size does not matter because the principles are the same no matter where you attend college. ”

During the Fall 2019 and Winter 2020 semesters, the FMA’s primary focus was to recruit new members and achieve their goals. “We have used flyers, digital signage, and various word of mouth to let students know we are back on the radar. We have tables at the Mgagement Fairs, SOM Business Socials, and also promoted our various events throughout campus,” said Austin McIntosh. 

“By putting on various events, and making this organization centered around what the members want to gain out of the club, we are continuously achieving our goal of learning and challenging ourselves on aspects of business administrative finance,” Austin McIntosh continues, “Rebuilding this club and achieving the success as we did at the Finance Leaders’ conference truly shows that the University is excelling in teaching their students in becoming the Leaders and the Best.”

According to the group members, all of this couldn’t have been done without the guidance of FMA’s faculty advisor, John Stephens. “He has given us tremendous support and has contributed numerous ideas to help make the club become the best it can be. Aside from the club itself, he has assisted us in making smart decisions for our career as well as answering our financial questions that we come to him with,” said Austin McIntosh. 

The intensity is up for FMA’s upcoming 2020-2021 academic year as they plan to continue to bring in well-known professionals from the community to educate students on specific industries within the business world, volunteer within the community, travel to Michigan firms in the finance/accounting field, host fun engaging student events, and attend the 2021 Finance Leaders’ Conference. The student organization will continue to be a learning environment for students interested in accounting and finance, even if it’s not their degree focus. 

“I think that the program in the School of Management can hold their heads high in the sense that our students are learning how to think and problem solve using the tools that are taught in class. I am very proud of this accomplishment and the club has certainly set a high standard for next year’s club,” said John Stephens.

Current members testimonials on why they joined FMA:

“ I joined the club because I really wanted to more involved on campus as a sophomore. I am an accounting major, and wanted to join an org that would compliment that but also broaden my horizons. Meeting new people was a bonus!“
– Hannah Hodgkinson, BBA in Accounting

“I was looking for a way to get more involved on campus. Although I am not majoring in finance, I thought it would be good to extend my knowledge in that field.”
– Ciera Meier, Treasurer of FMA, BBA in Accounting and Minor in Criminal Justice

“I’ve always been interested in financial markets and the economy. As an economics major I wanted to add more depth to my degree. The club solidified the idea of adding a Finance minor to my degree.”
– Mustafa Salim, Secretary of FMA, BA in Economics and Minor in Finance

“I was seeking a club that was not only related to my major but also as a way to get involved on campus, being that this is a crucial way to stand out to potential employers, and at the same time make myself a more well-rounded individual.”
– Austin McIntosh, President of FMA, BBA in Finance

Interested in join FMA in the Fall 2020? Email Austin McIntosh at [email protected].

Flying through School: A Journey from Civilian Student to Second Lieutenant in the U.S. Air Force

By Alexis Menard On January 28, 2020 3:15 pm

Veronica Hindelang ’20, BBA in Finance

Veronica Hindelang (‘20) isn’t your typical college student at the University of Michigan-Flint. This unique college student set out to complete her undergraduate and graduate education in less than four years. Currently, Hindelang is a senior studying Finance for her Bachelor of Business Administration (BBA), and in less than three months from now, she will be walking the commencement stage only to jump in a week later into the MBA program at UM-Flint.

Even more ambitious, Hindelang’s long-term goal is going into the United States Air Force first as a Second Lieutenant and continue to make rank after her commission. After deciding to pursue a career in the Air Force, she realized the value of pursuing her education so that one day she could become an officer. “I chose the Air Force as I was most familiar with the branch,” said Hindelang. Her father is an Air Force Veteran and served for 22 years. 

To become an officer in the Air Force requires Hindelang to complete the Reserve Officers Training Corps – and the University of Michigan was on her radar. She quickly found out that she could still participate in the program while attending UM-Flint. “I opted for the branch that was closest to home, more affordable, and with a better student to faculty ratio,” Hindelang continues, “After some time in my field, I will be required to obtain a master’s degree to continue to make rank, as do all other military officers. I believe that completing my masters now while I am in a situation with advantageous resources and propelling motivation would be best. My ability and readiness to pursue and successfully complete my education are at a peak.” 

The senior from Frankenmuth, MI states, “The military, as I believe, would provide me with valuable and unique experiences that the civilian sector could not. There are opportunities and benefits I would like to pursue, and in my experience so far, I’ve met wonderful people, traveled to interesting places, and have seen a change in myself for the better.” Veronica explains that she plans on exploring careers as either a pilot, combat systems officer, remote pilot, or an air battle manager and “the Air Force seems to be a good fit and right place to do it.” 

Joining the military is a selfless act for your country and Hindelang advises those interested in enlisting to consider that “education is very important for every rank in the military. You never stop learning. Reaching out to people and learning together can teach you a lot about others and yourself.”

Even though she found a college that could fulfill her unique needs for completing a Bachelor of Business Administration degree in under two years, she still ran into some normal roadblocks. Hindelang stated, “It was difficult to make connections in the beginning when I was touching bases with different departments to complete my gen ed courses but after settling in the School of Management to complete my core classes, I’ve met a wonderful group of faculty and students. I feel supported and focused in my direction.”

Fast-tracking a degree is never an easy task and comes with challenges that SOM staff and faculty continue to support Hindelang with. “I am extremely grateful for my Academic Advisor, Brenda Harrison, for consistently meeting with me and helping me stay on track,” said Hndlelang. She also states appreciation for the Student Success Center and their tutors. “They have been great resources alongside a few standout professors like Dr. Min Jung Kang, Professor of Finance, and Michael B McCarthy, Lecturer of Finance and Quantitative Methods,” she said. 

“After many stressful semesters, what I have and still value the most, are those, both student and faculty, who willingness to be flexible and constructive has helped me grow and succeed,” continues Hindelang, “Communicative, dedicated, personable, and reasonable instructors and students who share their strengths and complement your weaknesses in the courses you take together are the reason I have been able to push myself further than I thought I could. Special thanks to Noah Knutson, Hunter Johnson and anyone who joined study groups with me.”

Finance Student Interns at the State of Michigan Treasury

By Alexis Menard On December 23, 2019 1:30 pm

Barclay (Clay) Davis, BBA ’19 in Finance

Barclay (Clay) Davis graduated with honors from UM-Flint School of Management in December 2019 with his Bachelors of Business Administration (BBA) in Finance. During his time at UM-Flint, he applied his knowledge at an internship at the State of Michigan Treasury. In his role as the student assistant, he supported the Real, Opportunistic, and Absolute Return Division through research and analysis skills to recommend purchases, retention or sale of investments.

Davis is originally from Highland, Michigan and choose UM-Flint because of the high quality of education and affordability of tuition. “The application of the concepts I learned at UM-flint helped me understand my studies more and relate them to what I wanted to do as a career,” Davis continues, “I would have to say nearly all my School of Management courses directly or indirectly applied to my internship as a wide variety of skills and knowledge were required for my internship. This internship gave me the opportunity to show my skills and I am now being considered for a full-time financial analyst position.”

His post-graduation goal is to pursue a career as a financial analyst, one of the most prevalent career paths in finance. “I plan to become a financial analyst for the State of Michigan Retirement Systems pension fund within the State of Michigan Treasury. I have always had an interest in finance and financial markets and enjoy the process of identifying and researching investments,” said Davis. At his position, he gained a variety of skills but mostly valued gaining firsthand knowledge of what a financial analyst goes through on a daily basis and enjoyed meeting with large financial firms. “This experience showed me the level of expertise, attention to detail, and hard work it takes to be financial analysts,” said Davis.

Mr. Nichols, Lecturer of Management, and Dr. Stephens, Lecturer of Finance, informed Davis about the competitive internship program at the State of Michigan Treasury. “I cannot thank both of them enough for their interest in finding opportunities for students that lead to internships and potential careers,” Davis continues, “UM-Flint has given me the opportunity and skills necessary to excel in my future career, and I cannot thank the University enough.”

Austin’s summer in 10 words back to school count down! Financial Aid Intern. Social Media Management. Taking initiative. New experiences.

By Alexis Menard On August 24, 2019 9:15 am

Greetings, my name is Austin McIntosh and I am a junior studying for a Finance Major.

During the 2019 Summer, I interned for the University of Michigan – Flint’s Office of Financial Aid. This internship was a mixture of finance, accounting, and analysis, three critical skills required to go into the Financial Analyst field. Throughout this internship, I worked with the office accountant with payroll, payroll reconciliation, and communicating on reconciling outstanding issues. I also took the reins on the office’s social media accounts and helped bring it back to relevance. Among my responsibilities I also created the budgets for the 2019-2020 Study Abroad trips. Taking on projects that taught me new skills in Microsoft Excel and even Access was critical for me to prepare for the future.

For the upcoming Fall Semester, I am very excited about taking actual in-depth BBA courses because I am now taking that classes where I hope to learn the skillset to take into my future career – Financial Analysis. I am also very excited about lifting the Financial Management Association off the ground and making it more relevant than what it used to be.

Since I have been in the Financial Aid world for a good chunk of time, my biggest suggestions are to complete your FAFSA as early as you can, take advantage of on-campus employment, and over budget yourself for upcoming semesters. Preparing and having a larger expected tuition and book expense will pay its dividends later on down the road. GO BLUE!

The 2016 Economic Forum

 

The 2016 Economic Forum was hosted by The Rotary Club of Flint & the University of Michigan-Flint School of Management on December 9th, 2016. The event took place in the Northbank Ballroom in Downtown Flint, Michigan.

FEATURED SPEAKERS:

Steve Chenenko, MBA
Chief Risk Officer, Nationwide Bank

Yener Kandogan, Ph.D
Associate Dean & Professor of International Business, UM-Flint School of Management

Christopher Douglas, Ph.D
Associate Professor & Department Chair, UM-Flint Department of Economics

 

Students Inducted into Beta Alpha Psi

beta_alpha_psi_induction

School of Management students were inducted as new members of Beta Alpha Psi on January 29, 2016.  Beta Alpha Psi is an international honor and service organization that recognizes high scholastic achievement in Accounting, Finance, and Information Systems.   The goal of Beta Alpha Psi is the development of confident, ethical, and professional leaders.  Faculty advisors to Beta Alpha Psi include Dr. Cathy Miller and Roz Nowosielski.  Congratulations to our new inductees into Beta Alpha Psi!