Missouri State University
College of Business News
"Think Bigger and Bolder"

Dean’s Corner

Prospective students and their families often ask about rankings for various business programs.  Over the last year many of our programs have been ranked and recognized for providing exemplary education:

head shot of Dr. Bryant
Dr. Bryant

 

  • The Missouri State University Master of Business Administration (MBA) is ranked a Top 30 Online Program by Affordable Colleges Online. This organization considers AACSB accredited programs at public universities and assesses quality based on a combination of student engagement, faculty achievement, and admission selectivity.
  • The Master of Business Administration (MBA) has also been ranked as a Top Area MBA Program by Ingram’s Magazine every year since 2006.
  • The Master of Science in Computer Information Systems program ranked among the Top 20 Affordable Online Universities for Computer Science Masters, by GetEducated.com, a consumer group that publishes rankings of America’s best online colleges and universities.
  • The Sales and Sales Management Program has been recognized by the Sales Education Foundation (SEF) as a “Top University for Professional Sales Education 2012.” Only sixty programs in North America received this distinction.
  • Missouri State University was welcomed into the CFA Institute University Recognition Program. The Finance and General Business department has been acknowledged for incorporating at least 70 percent of the CFA Program Candidate Body of Knowledge and placing emphasis on the CFA Institute Code of Ethics and Standards of Practice within the program.
  • The Fashion Merchandising program was ranked eleventh in the Midwest region, and was also listed among the Top 75 Fashion Merchandising Schools in the U.S. by Fashions-Schools.org.
  • Similar rankings were also awarded to our Fashion Design program.  The Design program was ranked sixteenth in the Midwest region, and was also listed among the Top 75 Fashion Design Schools in the U.S. by Fashion-Schools.org.

I am especially proud of these rankings and everyone who is involved with these programs for working toward our big and bold vision for the college.  Thank you for staying connected with COB!

Stephanie M. Bryant, Ph.D.
Dean and David D. Glass Distinguished Leadership Chair

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Bears Business Brief: Umbrella coverage good for rainy day

By Stanley Adamson, Ph.D.

headshot of Dr. Adamson
Dr. Stanley Adamson

Small business owners and citizens of southwest Missouri work very hard to provide for their employees and families every day. However, events in life may place all the fruits of years of hard work in jeopardy.

So, you might ask yourself, “Am I adequately protected from an accident that could occur?”

Most of us have insurance on our homes and autos. These items have a definite value when it comes to replacement, so we can insure accordingly.

However, what happens if our actions or failure to act causes harm to someone else? Again, most of us have liability insurance as required by law if we drive an auto. But how much protection do you have?

In the state of Missouri, an individual can meet the state’s financial responsibility law by having split-limit coverage of 25/50/10. That means the insured has liability protection in the amount of $25,000 for bodily injury to any one person in an auto accident. The second number means the insured has a total of $50,000 for bodily injury caused by an accident with no more than $25,000 provided to any one person. Finally, the last number represents a total of $10,000 property damage liability for any one accident.

Many of us who own homes have a homeowner’s policy that provides some protection with regard to bodily injury and property damage liability for non-auto related events. While varying from insurer to insurer, a basic limit is often a single limit of $100,000 per occurrence to be used as needed for bodily injury and/or property damage.

While not a frequent occurrence, what happens to an individual who finds herself involved in an accident with serious consequences? A few years ago, a lady called in to a national financial radio program telling her family’s story of being debt-free and managing to invest for retirement. One day when she was headed home driving into a bright sun, she failed to notice two runners on the side of the road, hitting them both.

This terrible accident resulted in serious injuries to one runner and the death of the other. How much liability insurance would be enough in such a case?

In such a situation, an individual or business owner needs to rely on a personal (or business) umbrella liability insurance policy. A personal umbrella policy is designed to extend coverage limits to underlying policies such as your homeowner’s or auto policies and broaden coverage in some circumstances where there is no coverage in the underlying policies. Such policies are generally sold in increments of $1 million.

While each family’s risk profile is different, you can often purchase a $1 million policy for $200 to $300 per year. Additional increments are usually less. This turns out to be one of the biggest bargains in the insurance business. Where else can you get $1 million of anything for less than $300? In fact, by increasing your deductible on your homeowner’s policy, you may save enough to purchase an umbrella policy.

While 85 percent of personal umbrella liability claims are auto-related, let’s consider some other situations where an umbrella policy might come into play. Some examples are:

• A guest falls off a trampoline in your backyard and is seriously injured;

• During a party, the deck on your walkout basement home collapses, and a number of people are injured;

• You are involved in a serious accident after renting a jet ski while on vacation, and another person is seriously injured.

• Your child is sued for slander after an ill-advised post on a social network.

After you are convinced of the need for a personal umbrella liability policy, the question becomes how much insurance should you purchase?

While a number of financial planners suggest having limits at least equaling your family net worth, I would suggest rounding your net worth to the nearest million and adding another million in limits.

To best answer the question of how much insurance to purchase, each person should consult with their insurance professional.

 

This article appeared in the May 3, 2014 issue of the Springfield News-Leader.  It is available online here.

Stanley Adamson, Ph.D., is an associate professor in finance and general business at Missouri State University and has held the Baker Chair of Insurance since 2008. Adamson specializes in risk management, employee benefits, property and liability insurance, as well issues of broad interest to the insurance industry. Email: stanleyadamson@missouristate.edu.

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Registration Now Open for Fall 2014 COB Career Fairs

photo of career fair postcardThinking about the Fall 2014 COB Career Fairs? If you’re an employer, alumni or student, you absolutely should. Here are a few reasons why:

 

Employers:

  • Two fairs provide opportunities to meet with specific majors.
    • COB Career Fair—for employers looking to recruit students from more than 20 degree options, including logistics and supply chain, computer information systems, fashion, finance, insurance, marketing, management, technology and construction management and many more.

September 30, University Plaza Convention Center

10:00 am-3:00 pm

Register today for the COB Career Fair at www.Business.MissouriState.Edu/CareerFair

  • School of Accountancy Career Fair­­­­­—for employers looking to recruit bachelor’s or master’s level accounting students.

September 10, University Plaza Convention Center

12:00 pm-3:00 pm

Register today for the School of Accountancy Career Fair at www.Business.MissouriState.Edu/CareerFair

  • Missouri State has the largest public university College of Business in the Midwest, with more than 4,800 students eager to meet you.
  • On-campus interview space is available the day after the event.
  • We are a short drive from many major metropolitan cities, including St. Louis, Kansas City and Tulsa.
  • Employers who previously participated encountered prepared and professional students. One said: “Usually I spend most of my time answering e-mail and hoping time will pass quickly. This time I have not opened my laptop once. The students are awesome!”

 

Alumni:

  • Employed?  Encourage your employer to recruit at the COB Career Fair and/or School of Accountancy Career Fair today. www.Business.MissouriState.Edu/CareerFair
  • Looking for a full-time position?  Attend either fair and get connected with employers.
  • Alumni Job Seekers need to contact Vickie Hicks at vickiehicks@missouristate.edu to learn more about pre-fair requirements.

 

Students:

  • Are you looking for a summer 2015 internship or full-time employment?  Then mark September 10 and/or 30 on your calendar today!
  • Get ready for the event by attending a COB Prepare for the Fair Workshop in the fall. You will receive more information on workshops during the fall semester via email.

 

Questions? Contact Vickie Hicks, Corporate Relations Specialist, vickiehicks@missouristate.edu or 417-836-6305.

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Faculty and Staff Spotlight

s. brahnam head shot
Dr. Brahnam

Dr. S Brahnam, professor in computer information systems, has been chosen as a keynote speaker for the 6th International Workshop on Soft Computing Applications (an IEEE international conference)  to be held at the end of July in Timisoara, Romania.

 

Dr. S Brahnam, also coauthored a new article: “Ensemble of different local descriptors, codebook generation methods and subwindow configurations for building a reliable computer vision system,”Journal of King Saud University, 26(2), pp. 89-100 (2014).

 

Dr. Jerry Chin, head of the computer information systems department and Mary Chin, senior instructor in the department of marketing will be presenting on “An Excel VBA Approach to the Truth Functional Form” at the International Academy of Business and Economics (IABE) later this year in Las Vegas, Nevada.

 

Kim Callahan, Administrative Assistant II in the FGB Department was recently featured in the June Missouri State Public Affairs Staff Spotlight  for her various volunteer contributions within the Springfield community.

head shot of Kim Callahan
Kim Callahan
head shot of Dr. Jerry Chin and Mary Chin
Dr. Jerry Chin and Mary Chin
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Student Spotlight

Ashley Bennington: Follows her passion for marketing and sales with Disney and Enterprise Rent-A-Car

Ashley in graduation cap with Mickey and Minnie Mouse also in graducation caps
Ashley with Minnie and Mickey Mouse at the Disney College Program graduation event

 

Ashley Bennington, originally from St. Louis, Missouri, is a senior majoring in Sales Management. During the last two years she has participated in two unique internships.

During her sophomore year she attended the COB Career Fair and found out about the Management Training Intern Program with Enterprise Rent-A-Car. She was selected for one of the company’s 18 internship positions in the St. Louis area from a pool of over 1,000 applicants.  Her internship was a very successful experience and she ended the summer with the top sales numbers in the area.  Her supervisors were impressed, and she was invited back to be a summer intern again in 2014.  She has accepted and began her second summer with Enterprise earlier this month.

“The first Enterprise internship lasted 11 weeks, with several days receiving training in the corporate office, and all the other days working hard in the rental branch. I was fortunate last year and I have enjoyed every moment since returning to Enterprise this summer,” says Ashley.

After her first summer with Enterprise, Ashley participated in another highly selective internship program, The Disney College Program in Orlando, Florida.  “I have been a Disney fan all of my life, and I had been dreaming of working for the mouse since my freshman year of high school…After being accepted I found out that I was placed into merchandise within Downtown Disney…I worked in several locations in the West Side of the Downtown Disney area, which helped keep me on my toes each day and introduced me to people from all around the world,” says Ashley.

During the Disney College Program Ashley took advantage of many unique opportunities including a marketing seminar course with Disney marketing professionals.  “The class exposed me to many sides of Disney marketing and event planning.  This gave me more knowledge within my field and introduced me to some very influential people within Disney’s marketing department,” states Ashley.

Ashley recommends that other COB students consider not only internships, but also taking a variety of classes within COB that may not be required for their major saying, “There are so many amazing class options to choose from in COB, and experiencing more of a variety will help expand your understanding.”  She also encourages students to join at least one campus organization.

On campus, Ashley is an active member of Sigma Kappa sorority and Rho Lambda National Honor Society.  She is a Peer Leader and COB Student Ambassador and has completed both the Distinction in Public Affairs Program and Commerce Bank Emerging Leaders Program. During the upcoming academic year Ashley will be the Resident Assistant (RA) for the Bears Business Living Learning Community (BBC LLC) in Blair-Shannon.  As an RA she will be mentoring freshman female students who are majoring in business.

Congratulations to Ashley on a job well done.  We are proud of you!

For more information on the ranked Sales Management program contact the Business Advisement Center at 417-836-5685.

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