Alumnus Mentors Management Students on Consulting Project
When Michael Brown, '87, (pictured at left) was a student at Albion College, creating a brochure for Albion's Downtown Development Authority put him on the path that led to his current position as interactive director with Full Circle, a marketing and interactive agency in Grand Rapids.
Nearly 25 years later, Brown's career has completed the full circle. This time, he's mentoring a group of economics and management majors in a consulting project as the city of Albion evaluates the redesign of its website. In a management course taught by Vicki Baker, the students have broken into five teams working with Brown.
Albion's Economics and Management Curriculum (Simplified Chinese)
Albion Earns Honorable Mention in Fed Challenge National Finals
Teamwork and preparation paid off for Albion's Fed Challenge team, as the group took an honorable mention in the national College Challenge hosted by the Federal Reserve on November 29. "How many other times will you see Albion and Harvard competing?" asked team member Heather Waldron. "We all worked really hard to get here, and it was an once-in-a-lifetime experience."
International Students Interested in Economics and Management (Traditional Chinese)
Albion College Students Win Regional 'Fed Challenge' Competition
Demonstrating their understanding of the workings of the Federal Reserve, a team of Albion economics and management students recently won the Chicago District College Fed Challenge. The group now heads for the Fed Challenge national finals, November 29 in Washington, D.C., in which it will face the other regional finalists from Harvard University; Rutgers, the State University of New Jersey; Lafayette College; and the University of North Carolina at Chapel Hill.
Read more: Albion College Students Win Regional Fed Challenge Competition
International Students Interested in Economics and Management (Simplified Chinese)
FASB Executives Shed Light on Accounting Standards for All
Southern Michigan professionals joined Albion students, faculty, and guests for a fascinating and frank panel discussion of accounting standards issues April 5 in the Science Complex atrium. Two former directors of the Financial Accounting Standards Board plus a current senior FASB adviser presented an open panel discussion as part of a three-day visiting program for Gerstacker Institute and accounting students.
Read more: FASB Executives Shed Light on Accounting Standards for All
International Student Profile: Chen Chen, '11 (Simplified Chinese)
Saltzman Featured in Recent News Stories on Labor
Albion College economics and management chair and professor Greg Saltzman has been used as a source in recent Dayton (Ohio) Daily News articles about state governments and public employee unions. His research interests include labor law, management-union relations, employee benefits, health services, and labor union political action.
Read more: Saltzman Featured in Recent News Stories on Labor
International Student Profile
Chen Chen, '11
Chen graduated cum laude from Albion College in 2011 with a B.A. in economics and management.
Where are you from?
I am from Nanjing, China. I attended Nanjing Foreign Language School before coming to Albion College.
Why did you choose Albion?
I learned about Albion looking at U.S. News & World Report. I was impressed with the ranking, small size, personal attention, and research opportunities. I also liked the generous scholarships available for international students.
What is your favorite thing about Albion?
The professors! They helped me find my passion in life and were able to connect me to my future job. One of my favorite professors retired recently but I still stay in touch with him regularly.
What is your academic major?
Economics and management with an accounting focus. I am also pursuing physics as a minor.
What extracurricular activities are you involved in?
The Albion College Accounting Society. Every year, I volunteer to fill out people’s income taxes. I also help plan activities with the Chinese Student Union but mostly I am busy with undergraduate research (FURSCA).
What will you do after you graduate?
I will graduate this year and I already have a job lined up with Ernst and Young. I will be an auditor.
How much will your salary be per year?
Right now, my starting salary is $50,000 a year.
Why do you want to work in the United States?
I want to use my U.S. diploma to gain experience here so that within 10 years I can go back and work in China. By doing this, I can start at a higher level of income in China
International Interests of Economics and Management Faculty
Several faculty members in Albion College's Economics and Management Department have international interests:
Vicki Baker teaches E&M 362, International Management. She has supervised a management project conducted by a joint team of students from Albion College and from ESCIA, a business school in France. She visited France and Greece in spring 2011 in an effort to secure international project opportunities for Albion College students. As part of the Michigan Colleges Alliance (of which Albion College is a member), Vicki is part of the Global Leadership Development Program team for Shape Corporation (headquarters in Grand Haven, MI). Vicki is working with high potential individuals at Shape to train them for leadership advancement within the global company. She was in China and will be in Mexico as part of this executive education training which she helped develop and deliver.
Zhen Li received her B.A. degree at Peking University before obtaining her Ph.D. from Princeton University. She teaches E&M 363, The Chinese Economy; E&M 365, International Finance; and E&M 366, International Trade. She has done research on equity market liberalization in developing countries. She is a native speaker of Mandarin.
Greg Saltzman studied for a year at the London School of Economics and was a visiting fellow at the University of Warwick. He received two Fulbright grants from the U.S. State Department, one to teach labor relations at Jilin University School of Business in China (2008), and the other to teach labor relations and managerial negotiation at Hanyang University School of Business in South Korea (2015). He wrote one journal article comparing the health insurance systems in the U.S. and Canada and another journal article analyzing public opinion about labor disputes in the U.S., Canada, Norway, and Sweden. He reads extensively about the Palestinian-Israeli conflict.
Economics and Management Curriculum
Albion College offers a four-year Bachelor of Arts degree program in many different fields, including economics and management.
The Economics and Management department offers several of the most popular majors at Albion College. We have accounting, finance and several E&M majors with emphasis. We offer small classes taught by very good teachers. Our courses address both the immediate application of problem-solving techniques and the conceptual basis for those techniques. This conceptual knowledge prepares students for eventual advancement into senior positions.
Our curriculum prepares students to analyze, decide, and lead in business, government, or nonprofit organizations. Areas of emphasis within the Economics and Management Department include economics, general business, human resources, and international business and economics. We offer all of the courses needed to be eligible to take the CPA exam. Many of our students participate in Albion's Gerstacker Institute for Business and Management.
Jobs of E&M Graduates
Employers Hiring Albion College Economics and Management Graduates
Albion's E&M students have had considerable success getting good jobs after graduation. The list below shows some of the employers who have hired our graduating majors in the last few years.
Americorp - Urban Safety Project
Andrew Hooper Pavlik
Bella Design Group
Century Bank and Trust
Financial Analyst, Accounting Internships
Ernst and Young
Staff auditor, Accountant, Analytics
Market Risk Analyst
Grant, Millman, Johnson. P.C.
Hi-Lex Controls Inc.
Hudsonville Ice Cream
Special Events Marketing
Independent Opportunities of Michigan
Support Coordinator Assistant
Level One Bank
Mercedez-Benz Financial Services
Motts Children's Hospital
New York Life
Quantitative Analyst, Internships
Northwestern Mutual Financial Network
Plante & Moran
Staff Auditor, Accountant
Staff auditor, Accountant, Assurance
RBC Capital Markets
Tax Department, Accountant
Robert W. Baird & Co.
Universal Forest Produccts
University of Michigan
Program Coordinator Math Department
Graduate and Professional School
Below is a list of graduate and professional programs recently attended by Albion College Economics and Management graduates.
Schools and Degrees:
Washington College of Law - J.D.
Master's in sustainable international development
Juris Doctorate (J.D.)
Imperial College, London
Master's in management
Johns Hopkins University
Master's in marketing and market research
London School of Economics
Master's in economic history
Master's in social justice
Michigan State University
Master's in human resources and labor relations
College of Law - J.D.
Master's in mathematical statistics
University of Chicago
University of Detroit
University of Illinois at Urbana-Champaign
Master's in sports management
University of London
MSc in development studies at School of Oriental and African Studies
University of Michigan
Master's in information management
Master's in accountancy
Master's in urban planning
Master's in public health
Master's in public policy
University of Minnesota
Master's in human resources
Master's in industrial relations
University of Notre Dame
Master's in accountancy
University of Pennsylvania
M.S. in higher education administration
University of Toledo
Master's in music performance
University of Virginia
Master's in accountancy
University of Wisconsin at Madison
Wayne State University
Scholarships and Awards
For Economics and Management Majors
Robert B. Hetler/PriceWaterhouseCoopers Accounting Scholarships
The recipient will be an Economics and Management major interested in pursuing a career in public accounting. The student must have at least a 3.2 grade point average in Economics and Management and a 3.0 GPA overall. The student must display leadership and service on campus and/or in community activities. Preference will be given to multicultural students. Applicants apply in the spring as a sophomore or junior for their junior or senior year. The scholarship will be used to offset tuition for the following semester and/or room and board.
Tim Cash/Ernst & Young Public Accounting Scholarships
The recipient will be an Economics and Management major of junior standing. Applicants apply in the spring as a sophomore for their junior year. The scholarship will be used to offset the tuition for the following semester and/or room and board.
Gaylord Smith Award for Scholarship in Accounting
The recipient will be and Economics and Management major with an accounting focus. The recipeint(s) of the scholarship shall maintain a minimum GPA of 3.2 on a 4 point scale. In addition the recipient(s) must be involved or have been involved in community outreach and volunteerism during their time at Albion College.
E. Scott Cracraft Scholarship for Excellence in Accounting
The recipient will be an Economics and Management major with Accounting Emphasis (enough to sit for CPA exam upon graduation). The student must have a minimum major grade point average of 3.2 with a cumulative of 3.0 overall at the end of the junior year. Applicants apply in the spring as a junior for their senior year. The scholarship will be used to offset the tuition for the following semester and/or room and board.
Outstanding Economics and Management Major Award and Delta Sigma Pi Scholarship Key
These are given to the graduating senior in Economics and Management with the highest grade point average.
Maurice L. Branch Award
The award recognizes research or scholarship by a graduating senior in Economics and Management.
E. Maynard Aris Award
The award honors excellent academic performance by a graduating senior in Economics and Management.
Walter A. Terpenning Award
The award recognizes scholarship and service by a graduating senior in Economics and Management.
Areas of Emphasis
Department of Economics and Management
We offer courses in major fields of economics (microeconomics, macroeconomics, international economics, monetary and financial economics, environmental economics, labor economics, and governmental economics). The E&M major with emphasis in economics is suitable for those interested in public policy work, while the combined major in mathematics and economics prepares students for graduate school in economics or for careers as actuaries or operations researchers.
Students who complete the E&M major with emphasis in general business receive a broad undergraduate education that will prepare them for careers in which rapidly changing
technology and market conditions require an ability to adapt and learn. These students take courses in financial accounting, managerial cost accounting, managing people and organizations, marketing, financial management, economics, and statistics, as well as at least one management elective.
E&M and Albion's Psychological Science Department each offer courses for students who wish to learn about the human relations aspects of management. E&M courses include managing people and organizations; women in business and leadership; labor law, unions, and management; labor economics; human resource management; management; and negotiation and dispute resolution. Relevant psychology courses include industrial and organizational psychology and social psychology.
International Business and International Economics
The E&M major with emphasis in international business and international economics provides a focused group of courses designed to prepare students for a world in which global concerns are becoming more important because of falling transportation and communication costs and falling governmental barriers to international trade and investment. Students select from relevant courses in E&M, such as International Management, The Chinese Economy, The Japanese Economy, International Finance, and International Trade. They also take at least one international course outside of E&M and complete an off-campus study program in a foreign country or an internship in a foreign country.