News 2015

Indiana State Alumnus Named Outstanding Secondary Level Business Teacher of the Year

December 18, 2015

Jen Petersen SchultzProviding a business education to Indiana students has been at the heart of Jen Petersen Schultz’s, ’98, work as a teacher at Ben Davis High School in Indianapolis for more than a decade.

Schultz’s hard work on behalf of her students led to her recognition as the 2015 Outstanding Secondary Level Business Teacher of the Year by the Indiana Business Education Association. Nominated by the public, Schultz received the award at the association’s annual conference in Indianapolis in November.

Jen also won the award in 2014.

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Mid-Year Grads Urged to "Be Bold," Stay True to Their Dreams

December 13, 2015

One of their own encouraged Indiana State University's December graduates to pursue their dreams no matter what while a graduate who holds a key position in aviation called on them to "be bold."

Winter 2015 Commencement

About 500 of nearly 900 graduates eligible to participate came out on a spring like day for Saturday's winter commencement at Hulman Center and they were treated to send-offs as inspiring as the 70-degree weather.

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Bon Appetite: Networks Scholars Explore Business Through Cuisine

November 20, 2015

"We're opening. It's time." If those words frightened any the 20 freshmen scholars in Indiana State University's Networks Professional Development Program they didn't show it, as they hosted an International Dining Experience for more than 50 Scott College of Business faculty, staff and fellow scholars.

"It was all a little intimidating at first," said Olivia Havenor, a financial services major from Plainfield whose team sought help from Nicholas Debly, an Indiana State student in the MBA program who is from Russia and works in Terre Haute, to create an accurate presentation. "But we contacted the caterers and photographers, invited the guests and created the education presentations about the countries. As Networks Scholars, we are leaders and are used to getting things done on our own, but in this activity we had to learn how to work as a team to get things accomplished."

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Kate Arndt and Reagan Elston Awarded FPA Scholarship

November 13, 2015

Kate Arndt and Reagan Elston, both Networks scholars, each won the FPA-Greater Indiana – Bedel Financial Advisors scholarship. The scholarship is awarded to an undergraduate student pursuing a career in Financial Planning at a College or University in Indiana. In order to be eligible for this scholarship, an applicant must be enrolled as a full time, undergraduate student at a College or University in Indiana, hold a minimum 3.0 GPA or better (based upon a 4.0 scale), and demonstrate leadership in academic and extracurricular activities.

Kate Arndt and Reagan Elston Awarded FPA Scholarship

L to R: Kate Arndt and Reagan Elston with Abby VanDerHayden, FPA-NextGen Director/Bedel Financial, at the FPA meeting on Friday, November 13th.

Mitchell Wasmund Awarded Hines Medal

November 12, 2015

Mitchell Wasmund - Class of 2016Mitchell Wasmund of Avon received the Hines Medal, which goes to the student or students with the highest cumulative grade point average during the pursuit of a bachelor's degree. The medal is named for Linnaeus Hines, was the university's fourth president

President's Scholar, Wasmund is graduating with a bachelor's degree in finance. His plans are to work in corporate finance while taking classes at Indiana State toward a second degree in accounting. His other honors at Indiana State have included being named Landini Outstanding Junior of the Year. His campus Involvement has included the Networks Professional Development Program, Investment Club and Honors Council.

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Alumna to Speak at Winter Commencement

November 11, 2015

Cheryl RobersonCheryl Roberson (’90), Scott College of Business alumna and now program director with the defense sector of Rolls-Royce, will be speaking at our winter commencement.

In her role as program director in the defense division at Rolls-Royce Corporation in Indianapolis, Cheryl Roberson is responsible for the success of the E-2 Hawkeye, Global Hawk, Triton and T56 industrial engine programs. She manages all elements of these programs including production, sustainment, product development and growth.

In addition to her program responsibilities, Cheryl is the Executive Advisor to the Rolls-Royce Women in North America (RRWNA) group and serves on the Board of Directors of Lockheed Martin Commercial Engine Solutions. Cheryl has held a variety of management roles during her sixteen years with Rolls-Royce.

Cheryl is a certified Project Management Professional and graduated with a Bachelor of Science degree from Indiana State University’s School of Business in 1990. While at ISU, Cheryl held several leadership positions, including vice president of the Gamma Phi Beta sorority. Cheryl is very excited to have recently joined the Advisory Board of the College of Technology, and has made presentations to Scott College of Business students on supply chain management.

Cheryl is married to Jon, a fellow graduate of ISU and has two teenage daughters, one of which is currently a freshman Honor’s student at ISU.

Commencement ceremonies are scheduled for Dec. 12 at noon at Hulman Center, with the processional of graduates beginning at 11:45 a.m. The event is free and open to the public. No tickets are required. The ceremony will also be streamed live at 

<< Original News Story >> << Females in Technology video >> << SCM Images 9/21/15 >>

Student-Run Catering Service to Start in Federal Hall

November 11, 2015

Indiana State University and Executive Cafe Express in Federal Hall have been preparing to welcome the Butler’s Pantry catering services for quite some time.

Two Business 401 classes came together at the beginning of the semester to see what type of final project proposal they could come up with and Butler’s Pantry won the vote.

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New Viewbook Published

November 6, 2015

Scott College of Business Fall 2015 ViewbookThe new Scott College of Business Fall 2015 viewbook is now available online. Previous versions of the university viewbooks are also available.

<< Go to Viewbook >>


The Razing of Statesman Towers

November 1, 2015

Recognized for their superior design when they were built in the late 1960s, Statesman Towers — the tallest buildings on campus — would be undone because of their massive size. Over the years, the Statesman Towers had become a distant part of the landscape at Indiana State University. Once set in the northeast corner of campus, the twin 15-story towers have been reduced to a memory of their 47-year history.

Statesman Towers

Statesman Towers were erected in 1968. Designed by Ewing Miller and Associates and built by the F.A. Wilhelm Construction Company in 1968, Statesman Towers were dedicated on April 17, 1969. Named after former Vice Presidents of the United States they were originally student dormitories designated as Colfax, Fairbanks, Hendricks and Marshall Halls. The west building was converted to classrooms and faculty offices for the then School of Education in 1977 and the east in 1981 to house the School of Business. The Bayh College of Education moved into University Hall in 2009. The Scott College of Business moved into Federal Hall in 2012.

Statesman Towers (site of, 2015)

Demolition started in April 2015, and here's what the area looks like now. Both basement levels were filled in with debris from the building and masses of topsoil added. The photos were taken by our Associate Dean, Bruce McLaren.

More photos: 

Video 1: 

Video 2: 

Recent article: 

Business Students Discover the Benefits of Digital Marketing

October 28, 2015

Bryan BruceThe days of sharing experiences and thoughts verbally one person at a time have been replaced with sharing hundreds of thousands of tweets and posts on social media.

It's a trend Indiana State University students learned more about during a presentation from Bryan Bruce - founder of the hospitality Internet marketing group Your Brand Voice, based in Orlando, Fla. The Meis Student Development Center hosted the presentation for students in Vernon Sweetin's MBA class and Sandeep Bhowmick's product marketing course.

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McCarty Receives Prestigious National Scholarship, Internship in London

October 20, 2015

Indiana State University senior insurance and risk management major Cameran McCarty of Terre Haute withstood stiff completion from around the country to become one of 17 students nationwide to be awarded the National Association of Professional Surplus Lines Offices, Ltd. internship.

Cameran McCarty

McCarty was then named one of three top interns in the program and selected as the J.H. Blades Scholarship recipient, earning an opportunity to complete an internship in London.

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Annual Oktoberfest Another Success for IRM Program

October 15, 2015

Insurance and risk management majors pulled out all the stops to raise funds for their program when they hosted the 18th annual Oktoberfest Golf Scramble.

IRM Oktoberfest Golf Scramble 2015

"Our golf outing is the largest fundraiser we have each year and it has become an awesome tool to provide opportunities to strengthen our insurance and risk management students into competitive future employees, and to also match employers with prospective students," said Meagan Stenger, an insurance major. The junior from Shelbyville, Ill. served as coordinator for this year's golf outing on September 24 at the Terre Haute Country Club.

The Oktoberfest Golf Scramble is the IRM program's largest fundraiser and we thank everyone that contributed to making this year's another success.

<< Read More >> << Image Gallery >>

Indiana State Listed Among Top Business Programs in National Ranking

October 14, 2015

Indiana State University again earned a spot on the Princeton Review's best business school rankings. "Small classes, great teachers, good assistantships" and "an affordable tuition" helped the Scott College of Business' Master of Business Administration program make the list for the 10th consecutive year.

The academic test preparation and admissions counseling company listed the ISU program in "The Best 295 Business Schools" for 2016. The review derived its rankings using responses of more than 22,000 students from 295 business schools nationwide as well as institutional data for the past three academic years.

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Networks Financial Institute Hosts Forum on Industry Insurance and Regulatory Challenges

October 13, 2015

NFI Logo Insurance Institute of Indiana logo

Indiana State University's Networks Financial Institute will host the "Property and Casualty Insurance Forum: Insuring the Future and Beyond" in Indianapolis on Oct. 23.

Organized in partnership with the Insurance Institute of Indiana, the forum will run from 8:30 a.m.-2 p.m. at the Columbia Club and will include discussions on the insurance and regulatory challenges in the areas of unmanned systems, telematics, cybersecurity and transportation networks. State lawmakers on insurance committees will also share insight on how government is dealing with these challenges at the state level.

<< Read More >> << Event Details >>

12 Under 40

October 6, 2015

12 Under 40The Scott College of Business was well represented by its alumni when the "12 Under 40" awards, which recognizes young individuals making positive contributions to the community, were announced recently.

The awards are organized by the Tribune Star and the Terre Haute Chamber of Commerce and will be presented during a breakfast on November 10. Among the awardees were Santhana Naidu ('01, Management Information Systems), Jon Scherle ('02, Accounting), and James Twitchell (09, Business Administration and Marketing).

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Family Receives Posthumous Degree on Behalf of Late Indiana State Student

September 28, 2015

Eckhard Lueken posthumous dregreeEckhard Lueken, had been working toward a bachelor's degree in marketing before he had to leave the university in the summer of 1972 because of a lack of financial means.

His 90-year-old mother had always hoped that her son would receive his degree, having overcome challenges he faced as an immigrant who came to the U.S. as a child who did not speak English. Last month her wish came true when the Scott College awarded Eckhard Lueken's family the degree.

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Scott College of Business Welcomes New Scholars

September 1, 2015

NFI and Gongaware Center logosIndiana State University and the Scott College of Business welcomes its new Networks Financial Institute, Gongaware and President's Scholars.

Eight students have been awarded the Networks Scholarship for 2015. Four have been selected by the Gongaware Center to participate in the 2015-16 class of Gongaware Scholars and of the twenty President's Scholars, six will be joining us in the Scott College of Business.

<< Networks Scholars | Gongaware Scholars | President's Scholars >>

"Just a Market Correction"

August 24, 2015

Reza HoustonAn Indiana State University professor sought to assure investors following Monday’s volatile day on Wall Street, advising them not to overreact to stock market fluctuations.

"It’s just a market correction," said Reza Houston, assistant professor of finance and Networks Financial Institute's Director of Research. "The overall health of the U.S. economy is pretty darn good."

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Annual Picnic

August 20, 2015

2015 SCB PicnicThe Scott College of Business celebrates the start of a new academic year by welcoming new business students and returning business students back to Indiana State University with their annual fall picnic on Wednesday, August 26.

The picnic is open to all business majors and minors and will be held on Wednesday, August 26, at Oakley Plaza (corner of 7th and Cherry), across from Federal Hall, from 11 a.m. until 1:30 p.m.

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Students to Study Entrepreneurship, Microfinance in Italy

July 30, 2015

Rome, ItalyOn top of the sights and sounds of Italy, Indiana State University students will delve into how entrepreneurship and microfinance operate in the country during an eight-day trip in August.

Led by Scott College of Business management professor Aruna Chandra and instructor Kim LaGrange, 19 students will travel to Italy, Aug. 1-9, where they will participate in industry/incubator visits and academic presentations at the University of Rome, St. John's University in Rome and visit the European Space Agency.

<< Read More >> << Network's Blog >>

Indiana State, Wabash Valley Small Business Development Center Recognized for Business Development Efforts

July 7, 2015

Small Business Development Center logoThe Indiana Small Business Development Center has named Indiana State University its 2014 Small Business Partner of the Year.

"It's an honor to be recognized by the state," said Brien Smith, dean of the Scott College, where the West Central Indiana Small Business Development Center is housed. "We provide some funding and support them in the ways that we can, but it's the ISBDC that does the heavy lifting to help small businesses."

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Jacqueline McKinney, Class of '15, Profile

July 6, 2015

Jacqueline McKinney - Class of 2015Described by Debbie Brothers, auxiliary services supervisor at Hulman Memorial Student Union, as someone who "will be successful in whatever she does," Jacqueline McKinney, a business management major with a minor in criminal justice, is from Gary, Ind. "Jacque is reliable, has excellent quality of work, shows initiative, professional, and has a uniqueness of contribution to our team," Brothers said.

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Symposium on the Magna Carta and the Rule of Law

June 29, 2015

Loretta RushThe 800th anniversary of the signing of the Magna Carta and the document's impact are the foundation of a legal seminar planned for Indiana State University.

The "Symposium on the Magna Carta and the Rule of Law" is scheduled for 1-4:30 p.m. Sept. 15 in the Magna Carta Room in Federal Hall. Organizers say the room, a federal courtroom for more than 70 years, is an appropriate setting for the event because of its large triptych mural depicting the signing of the Magna Carta at Runnymeade by King John of England in 1215.

The event is sponsored by the Historical Society of the U.S. District Court for the Southern District of Indiana, the Indiana State Bar Association and the Terre Haute Bar Association. Loretta Rush, chief justice of the Indiana Supreme Court, is among the notable speakers scheduled to participate.

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Signing of the Magna Carta mural

NFI Releases New Policy Brief

June 15, 2015

Policy Briefs header

Hester PeirceA new Policy Brief, 2015-PB-02, "Insurance Regulation in the Dodd-Frank Era" by Hester Peirce, Senior Research Fellow at George Mason University's Mercatus Center is now available from our Policy Briefs page.

Peirce proposes that in the nearly five years that have passed since Dodd-Frank became law, the future of state regulation of insurance is not looking as secure as it did at the law’s inception. She explores a different approach: reforming insurance regulation embracing an idea that was suggested before the crisis — single state regulation of insurers.

All of NFI's publications are accessible from our publications pages.

Brandon Nettrouer, Class of '16, Profile

June 15, 2015

Brandon NettrouerInsurance and risk management major Brandon Nettrouer of South Whitley, Ind., is a natural leader and has been extremely involved on campus," said Rebecca Wray, MBA director at Indiana State’s Gongaware Center. "He will be doing an internship with Gibson Insurance — of which president and CEO Tim Leman is an alumnus — in South Bend this summer."

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Indiana State Joins in Woodrow Wilson MBA in Education Program

June 2, 2015

C. Jack MaynardThe Woodrow Wilson National Fellowship Foundation has announced that Indiana State and Indiana universities will become part of an expanded network of institutions offering the Woodrow Wilson MBA Fellowship in Education Leadership. The University of Indianapolis launched the effort in Indiana in November 2013.

Designed to improve the preparation of principals and superintendents serving traditional public schools and charter schools, the fellowship provides aspiring education leaders with a rigorous business-based academic program, a year-long clinical experience, and three years of mentoring. Jack Maynard will serve as director of the MBA in Education program.

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Gongaware Scholar Recognized with Landini Award

May 21, 2015

Brandon Nettrouer receives Landini AwardBrandon Nettrouer, an insurance and risk management major from South Whitley, was excited to learn he was a finalist prior to the ceremony and knew he had won when a Gongaware Scholar was mentioned.

"There was a lot of hard work, a lot of sacrifice to achieve that honor, so it really meant a lot for me right then and there-and it hit me very hard. It was tough to keep my composure because at that moment, as I'm sitting there, my mind was racing, my closest fraternity brothers were patting me on the shoulder, friends were looking over at me, and it overloaded me with pure happiness." said Nettrouer.

<< Read More >> << Photo Gallery >>

President's Scholars Announced for 2015-16

May 19, 2015

Indiana State University has awarded its most prestigious scholarship to 20 incoming students, several bound of the Scott College of Business, following a lengthy screening process that attracted applicants from throughout the country.

The President's Scholarship provides full, in-state tuition and premium housing and has a total four-year value of more than $74,000. The President's Scholarship is just one component of Indiana State's $12.1 million per year financial aid program that awards more than $8.5 million in merit scholarships.

<< Read More >> << President's Scholarships >>

Students Yield Solutions for Asparagus Producer

May 18, 2015

Melon AcresMelons aren't only good for health but, as a group of Indiana State University business students learned this fall, can also help in applying the concepts of supply chain management in a real world setting.

Instead of textbook-driven projects, Kuntal Bhattacharyya, assistant professor of operations and supply chain management, asked five students in his fundamentals of supply chain management course to outline and structure the supply chain at Melon Acres, a family-owned company that produces cantaloupe, watermelon, sweet corn, cucumbers and asparagus on nearly 1,000 acres in Oaktown.

<< Read More >> << Older Story >>

Yahzmine Rodriguez '15

May 12, 2015

Yahzmine RodriguezWhen Yahzmine Rodriguez, a marketing major from Indianapolis, decided to study abroad for a semester in South Korea, she knew nothing about the country. So when she returned to campus this spring, she — as expected — had learned a lot about her hosts, but she also learned a lot about herself. She is also a recipient of Indiana State’s prestigious President’s Scholarship and Networks Scholarship for business students.

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Students Look to Area Businesses for Hands-on Consulting Experience

May 7, 2015

Social Media KeysIt wasn't the easiest feat for students in the senior business experience course to scour Indiana State University and surrounding colleges conduct a survey to help Clabber Girl Bakeshop expand business.

Ellis Law, Local Century 21, Heartland Labels and Indiana State University's Student Recreation Center also benefited from the students' work in the class taught by James Tanoos, a part-time instructor of management in the Scott College of Business.

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Sales and Negotiations Center on 2015 "Top Universities for Professional Sales Education" List

May 6, 2015

SEF Top Sales UniversitiesTop Sales Programs are recognized for preparing and placing future talent in professional selling roles.

Indiana State University’s Sales and Negotiations Center announces their recognition by the Sales Education Foundation as a "Top Universities for Professional Sales Education" program. These university programs are recognized for preparing students for careers in professional selling and helping to elevate the sales profession. The Sales Education Foundation (SEF) will release the 2015 Annual, featuring this highly-anticipated listing, in the coming days.

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Scott Student Uses Research to Examine Software Opportunities

May 6, 2015

Jacquelyn GaryThere was no better time for Indiana State University senior Jacquelyn Gary to display her research for her professors and soon-to-be employer enVista than one week before graduation.

For the presentation on Microsoft Dynamics AX as a capable enterprise resource planning platform, Gary, an operations and supply chain management (OSCM) major from Indianapolis, relied on knowledge gained from a full-time internship last summer with enVista, a business consulting company in Indianapolis.

She will begin as a full-time consultant with the company after graduating Saturday with a bachelor's degree in operations and supply chain management.

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Indiana State Fraternity Honored with North American Recognition

April 30, 2015

Brandon NettrouerBrandon Nettrouer, a junior insurance and risk management major and Pi Kappa Alpha chapter president at Indiana State, accepted the Chapter Award of Distinction at the April 19 award ceremony and said, "This award is extremely humbling to receive and it fills me with pride and appreciation for the efforts of my fraternal brothers."

In a nomination letter, Indiana State University President Dan Bradley said the Pi Kappa Alpha chapter’s accomplishments are "important to the university and to me personally."

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Alumni Association Honors Two Scott Students with Rankin Awards

April 24, 2015

Blaine TimoneraJonathan WachalaThe Indiana State University Alumni Association has honored four spring graduates with the Alan C. Rankin Distinguished Senior Awards in recognition of their contributions to the university.

Blaine Timonera will graduate with a degree in management and minors in marketing and recreation and sport management. After graduation, he plans to attend a combined law and MBA graduate program with a focus in business law and/or energy law.

Jonathan Wachala is completing a degree in marketing with a minor in Spanish. After graduation, he would like to pursue a career in advertising.

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Center for Supply Management Research Celebrates Year of Excellence

April 21, 2015

When the Center for Supply Management Research was birthed, a central goal was to prepare Indiana State University students for the operations and supply chain management field through exposure to research and projects.

CSMR Celebrations 2015

As one of the center's early corporate partners, Brian Gosnell, general manager of production control for North American Lighting in Paris, Ill., said Indiana State graduates have come on-board better prepared for tasks and careers in the field. "I hope the center continues to grow because it has set a great foundation for students through relationship building between students and corporate partners," he said.

<< Read More >> << CSMR Website >> << Photo Gallery >>

Team Sycamore Racing Spring Fling

April 20, 2015

The Team Sycamore Racing Spring Fling will take place on Thursday, April 30th from 5:30-8pm at Wolf Field on ISU's Campus.

Free food and swag for everyone!
The TSR dragsters will be on display!
Everyone is welcome to play basketball, volleyball, kickball, soccer, cornhole, and hillbilly golf! All equipment will be supplied.
Enter the Human Drag Races!

Team Sycamore Racing Spring Fling

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Scott Student Among Four Graduating Seniors Recognized for Academic Achievement

April 20, 2015

Becca MuickIndiana State University will recognize four graduating seniors with the Hines Memorial Medal during spring commencement May 9 at Hulman Center. The medal is awarded to students with the highest cumulative grade-point average during the pursuit of a bachelor's degree at Indiana State.

Becca Muick is graduating with a bachelor's degree in management information systems and a minor in operations and supply chain management.

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Students Explore Frontier Markets in Morocco

April 20, 2015

Morocco, AfricaLearning how business operates around the globe took a group of Indiana State University across the world, where they discovered how the frontier market is run in Morocco.

Aruna Chandra, professor of management, led 10 students on a nearly two week trip to Morocco that was funded through a faculty-led student travel grant from the Center for Global Engagement.

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Elections Won, Bonds Formed in 2015 Student Government Campaign

April 17, 2015

Vernon CheeksShannon AndersonWhen the dust settled from Indiana State University’s recent student government election, the highest number of students in three years had cast their ballots and the team of Vernon Cheeks and Shannon Anderson came out on top.

Cheeks is a junior majoring in sport management. Anderson, Cheeks’ vice presidential running mate, is a sophomore majoring in business administration. They met when Cheeks, who had been involved in student government since becoming vice president of the Sycamore Leadership Coalition, wanted to run for President for 2015-16 but found himself without a running mate.

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NPDP THHS Fundraiser - Paws for a Cause

NPDP THHS Fundraiser - Paws for a Cause

April 15, 2015

The Networks Professional Development Program hosted fundraising events for the Terre Haute Humane Society, culminating at the baseball game against Indiana University on April 14.

<< Read More >> << Photo Gallery >>



Scott College Honors Past, Celebrates Future During 50th Anniversary Event

April 14, 2015

It was a birthday celebration to remember for hundreds of supporters, faculty and students of the Scott College of Business who, on Friday, honored the college's past accomplishments and celebrated the bright future ahead.

Scott College Toast

Brien Smith, dean of Scott College of Business, and Indiana State University president, Dan Bradley raise a toast the past and future successes of the college.

"Life is easier when you are part of a network of friends and family, and our network has been significant. Students, alumni, faculty, staff, emeriti, community members, industry partners and others have made our college successful and impactful," Brien Smith, dean of the Scott College of Business, said at a 50th anniversary event. "Since that golden year - 1964-65 - we've prepared generations of students for the role of work, but more importantly, we've prepared them to be strong leaders."

<< Read More >> << Scott50 Pages >> << Image Gallery >>

Demolition of Statesman Towers

April 13/14, 2015

Designed by Ewing Miller and Associates and built by the F.A. Wilhelm Construction Company in 1968, Statesman Towers were dedicated on April 17, 1969. Named after former Vice Presidents of the United States they were originally student dormitories designated as Colfax, Fairbanks, Hendricks and Marshall Halls. The west building was converted to classrooms and faculty offices for the then School of Education in 1977 and the east in 1981 to house the School of Business. The Bayh College of Education moved into University Hall in 2009. The Scott College of Business moved into Federal Hall in 2012.

<< See More SCB Videos >>

The View From Indy: Good Things Happening at Indiana State

April 10, 2015

As a lobbyist for the largest segment of the Indiana economy, Brian Burton hears it all, and the Indiana State University alumnus couldn't be happier when it comes to what he hears about his alma mater.

Brian Burton

As keynote speaker for Indiana State's annual Strategic Planning Stakeholders Conference, the 1981 business marketing graduate said, "People recognize the (university's) unprecedented growth ... Good things (are) happening on campus and people are talking about that. Your image is changing and changing very fast."

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MBA Information Session

April 10, 2015

MBA Graduate ProgramThe Graduate Programs office is holding an Information Session to highlight our MBA program and what it has to offer and will take place at 5:30 p.m. in the Magna Carta room on April 23. The event will feature networking with current MBA students, a presentation about the program, and an opportunity to register for a $600 scholarship.

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Feds Seek Unified Approach with Insurers to Cyber Threats

April 9, 2015

Insurance Journal - Mark Hollmer

The federal government has the backs of insurers and their clients as they seek to protect themselves from, and adapt to, the fast-evolving threat of cyber attacks, Federal Insurance Office Director Michael McRaith assured an industry crowd last month.

"We want to support the insurance industry as it seeks to protect itself from cyber incidents," McRaith said during the Networks Financial Institute 11th Annual Public Policy Summit in Washington, D.C. "Cyber protection should be as strong as it is for any other financial institution."

This article also appeared in Claims Journal of April 9, 2015, with the title "Feds Support Insurers Seeking Protection From Cyber Attacks"

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Alumni, Student Speakers Named for Spring Commencement

April 7, 2015

Christi HillIndiana State University has announced the lineup of speakers for its 2015 spring commencement, set for May 9 at Hulman Center.

Christine Hill, an Eli Lilly and Co. executive and a 1994 Indiana State graduate, will deliver the alumni address. Daniel Burkett of Terre Haute, who is completing a bachelor's degree in chemistry, and Jonathan Wachala of Munster, who is graduating with a bachelor's degree in marketing, have been selected as student speakers.

<< Read More >> << Alumni Profile >>

Indiana State Maintains Prestigious AACSB Business Accreditation

April 2, 2015

AACSB Accreditation ImageIndiana Association to Advance Collegiate Schools of Business announced this month that the Scott College has maintained its accreditation. Indiana State's business programs first earned the recognition in 1980 and have continuously maintained accreditation for more than 30 years.

"The AACSB is the gold standard for business accreditation," said Brien Smith, dean of the Scott College. "Only 5 percent of business schools worldwide are accredited by AACSB. To remain accredited is challenging and AACSB presents a high standard. The hard work and commitment is well worth it."

<< Read More >> << AACSB Video >>

Indiana State MBA Grad Tapped as Small Business Development Center Director

April 2, 2015

Courtney RicheyIndiana State University alumna Courtney Richey has been named the director for the West-Central Indiana Small Business Development Center operated on campus.

Richey, who assumed the position in late March, received an undergraduate degree in marketing from Saint Mary-of-the-Woods College and started managing for a small business in Decautr, Ill., before returning to Indiana for her Master of Business Administration degree, which she received in 2010 from Indiana State.

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Scott College Prepares to Celebrate 50 Years of Educating Students

March 30, 2015

The Scott College of Business invites the public to join in on a reflection of the past and a look at what is in store for the college in the next 50 years at a free, public celebration on Friday, April 10, at Indiana State University's Sycamore Banquet Center in Hulman Memorial Student Union.

One thing is for sure, said Brien Smith, dean of the Scott College - a lot has changed in the past 50 years.

"Our facilities have improved immensely from the days of being located in the Fine Arts and Science buildings, later in Statesman Towers, and today in beautiful Federal Hall in the heart of downtown Terre Haute," he said. "Our programs have changed, too. Early on, we focused on teacher training and secretarial preparation, and today we excel in supply chain management, insurance and risk management, financial services, sales and other growing fields."

<< Read More >> << Scott50 Pages >>

Life Isn’t Always Fair, and in the Job Market, it’s a Competition

March 30, 2015

Sarah HelmanOne major incentive that can set Millennials apart from competitors is a well-rounded involvement with campus organizations and opportunities. That’s what Indiana State alumna Sarah Helman, ’14, found in her success at finding a career.

As an insurance risk management major, Helman’s coursework required her to network with companies in the community. It also prepared her in working alongside others.

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NFI Catholic Charities Fundraiser

March 30, 2015

Texas roadhouseThis event is coordinated by the Networks Financial Institute to raise awareness of hunger in the Wabash Valley. One in seven families in Terre Haute live under the poverty line. For $0.27 cents a meal, Catholic Charities can help feed one person, so please join us to end the issue of hunger and poverty in Terre Haute by participating in "Dine to Donate" at Texas Roadhouse on Wednesday, April 8th.

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NPDP THHS Fundraiser

March 26, 2015


Beginning Monday, March 30th, the Networks Professional Development Program will be hosting a fundraiser for the Terre Haute Humane Society. The fundraiser will occur from March 30th to April 14th.

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Industry and Government Leaders Discuss Hot Topics at Insurance Public Policy Summit

March 24, 2015

Summit Summary by Faegre Baker Daniels - Charles T. Richardson & Daniel F. Lightfoot

Faegre Baker Daniels and FaegreBD Consulting were pleased to partner again with Networks Financial Institute (NFI) and the Scott College of Business at Indiana State University in presenting the 11th Annual Insurance Public Policy Summit in Washington, D.C. on March 17, 2015. This year's Summit focused on the impact that domestic and international insurance regulations have on the industry in the United States and around the world.

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US Federal Insurance Experts Reaffirm Support for Global Capital Standards

March 24, 2015

Willis Review

Leading federal insurance experts in the United States have reiterated their support for international capital standards (ICS) for globally active insurers despite industry concerns that international regulators are moving too quickly with the plans.

Best’s News Service quoted Federal Insurance Office Director Michael McRaith and Federal Reserve Board senior insurance advisor Tom Sullivan as saying international capital standards were needed to stave off regulatory arbitrage and ensure insurers are competing on a global playing field. "The first objective is to complete some version of the ICS by 2016," said Mr. McRaith during the Financial Institute’s annual Insurance Public Policy Summit.

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Scott College of Business Professor Receives Award for Research

March 23, 2015

William WilhelmTeaching students to think through ethical dilemmas logically is Bill Wilhelm's specialty. Now the professor of business education in Indiana State University's Scott College of Business is being recognized nationally for his research in the field.

Wilhelm will receive the 2015 Business Education Research Award for his paper, "We are Not Like Them - They are Not Like Us: Cultural Dimensions and Moral Reasoning in Thailand and the United States." The award presentation will take place at the Business Education Research Conference held in conjunction with the National Business Education Association Convention in Chicago on April 1. His paper will also be published in the Journal for Research in Business Education.

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Director McRaith Outlines FIO’s Cybersecurity Objectives

March 23, 2015

Sutherland Asbill & Brennan LLP

On March 17, Federal Insurance Office (FIO) Director Michael McRaith outlined FIO’s main cybersecurity objectives for the insurance industry at Networks Financial Institute’s 11th Annual Insurance Public Policy Summit in Washington, D.C. Speaking to an audience that included insurance industry professionals and lobbyists, McRaith detailed the objectives as follows:

  • Support the Insurance Industry’s Self-Protection from Cyber Incidents.
  • Support Continued Development of Cyber-Related Insurance Products.
  • Establish International Standards.

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McRaith Says Initial International Capital Standard To Be Released by 2016

March 23, 2015

AM Best

Michael McraithTwo of the federal government's top insurance experts reiterated their support for an international capital standard for globally active insurers, despite concern from industry representatives that international regulators are moving too quickly to impose such a standard, according to this week's issue of BestWeek.

Speaking during the Networks Financial Institute's annual Insurance Public Policy Summit, Federal Insurance Office Director Michael McRaith and Tom Sullivan, the Federal Reserve Board's senior adviser on insurance, said an international capital standard is necessary to stave off regulatory arbitrage and to ensure insurers across the globe are competing on a level playing field.

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Global Capital Standards Will be Slow in Coming: FIO’s McRaith

March 22, 2015

Carrier Management - Mark Hollmer

Michael McraithInsurers could see some version of an international capital standard by 2016, Federal Insurance Office Director Michael McRaith told a recent gathering of industry professionals in Washington, D.C.

"The first objective of 2016 is to complete some … primitive version of the international capital standard, [but the] expectation is that it will not be a final magical formula," McRaith said during the Networks Financial Institute 11th Annual Insurance Public Policy Summit on March 17. "We will move one step forward to the ultimate goal."

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FIO’s McRaith Talks of Cyber Attacks at NFI Event

March 18, 2015

Carrier Management - Mark Hollmer

Michael McraithThe federal government has the backs of insurers and their clients as they seek to protect themselves from, and adapt to, the fast-evolving threat of cyber attacks, Federal Insurance Office Director Michael McRaith assured an industry crowd on March 17.

"We want to support the insurance industry as it seeks to protect itself from cyber incidents, " McRaith said during the Networks Financial Institute 11th Annual Public Policy Summit in Washington, D.C. "Cyber protection should be as strong as it is for any other financial institution."

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President, CEO of Holiday World Next Scott College of Business Leader In Action

March 17, 2015

Matt EckertMatt Eckert, President and CEO of Holiday World & Splashin' Safari and a 1996 graduate of Indiana State in accounting and insurance and risk management, will be visiting the Scott College of Business as the next Leader In Action April 6-8.

Eckert has been with Holiday World, which employs more than 2,000 people, for more than 15 years. The organization has been recognized as a world leader in the industry. Prior to joining Holiday World, Eckert was a senior auditor with Arthur Andersen in Indianapolis. He serves on the Dean's Executive Council for the Scott College of Business and is a Certified Public Accountant.

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State Summester

March 10, 2015

Students who started as full time freshmen on or after Fall 2011 and who could graduate by summer 2015 (May or July) have a special program to offer them a 50% rebate on summer tuition.

Please visit the Student Services Office (FD124) as the plan of study needs to be pre-approved and it must be submitted before registering for summer classes.

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Marketing Major Studies Abroad in South Korea

March 6, 2015

When Indiana State University junior Yahzmine Yahzmine Rodriguez decided to study abroad for a semester in South Korea, she knew nothing about the country. So when she returned to campus this spring, she - as expected - had learned a lot about her hosts, but she also learned a lot about herself.

Rodriguez's interest in studying abroad was partially fueled by a summer research experience with the university's Institute for Community Sustainability. The marketing major from Indianapolis is also a recipient of Indiana State's prestigious President's Scholarship and Networks Scholarship for business students.

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Regulatory Challenges for Financial Markets to be Discussed at Insurance Public Policy Summit

March 4, 2015

NFI 11AIPPS Globe LogoLeading experts in Congressional, state, federal and insurance industry thinking will provide insight into the hurdles facing U.S. and international markets at the 2015 Networks Financial Institute's Insurance Public Policy Summit in Washington, D.C.

The 11th annual summit will be held March 17 at the Ronald Reagan Building and International Trade Center. The theme for the summit, which is organized by Indiana State University's Networks Financial Institute with support from Faegre Baker Daniels, will be "Complex Challenges of International and U.S. Policy Regimes: Who's in Charge Here?"

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Panel Discusses Legal, Medical and Ethical Dilemmas of Physician-Assisted Suicides

March 4, 2015

The Right To DieThe ethical questions surrounding end-of-life decisions are many, but the answers were far from simple for a group of professionals and students from medical and legal fields who tackled the issue during a panel discussion at Indiana State University.

"With current technology, the accurate diagnosis of most diseases and their prognosis are rapidly made, affording a patient an opportunity for choices," said Dr. Jim Turner, medical director for the Richard G. Lugar Center for Rural Health at Union Hospital and a panelist for Tuesday's discussion. "If a debilitating and fatal outcome is anticipated, patients deserve to understand their legal and medical options."

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Holiday World President/CEO Next Leader In Action

March 3, 2015

Matt EckertMatt Eckert, President and CEO of Holiday World & Splashin' Safari will be our next Leader In Action in the Scott College of Business April 7-8. Please join us for his free public presentation and luncheon April 8 at 11:30 a.m. in the Magna Carta Room of Federal Hall. Eckert, a 1996 graduate of the Scott College (accounting and insurance) will discuss tourism in Indiana.

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Nominate an Outstanding Member of SCB Staff

March 2, 2015

Blue RibbonThe Scott College of Business is seeking nominations for the 2015 Scott College of Business Staff Quality Service Award.

Staff includes Support Staff and Executive, Administrative, & Professional (EAP) Staff. The Dean and Associate Dean, as tenured faculty members are not eligible.

Any Scott College of Business faculty, staff, or student member may submit a nomination. Nominations will be accepted until March 16, 2015.

Download a nomination form or a letter of nomination may be submitted to detail how the staff member goes above and beyond the call of duty. Attach supporting documents if desired.

All nominations must be submitted in a sealed envelope addressed to Dean Smith marked confidential or sent via email directly to the Dean @

<< Download Nomination Form >>

Learning to Play the Game

Life isn’t always fair, and in the job market, it’s a competition, say Career Center officials. They help Sycamores work toward achieving their dreams by living in reality. 

Sarah Helman

One major incentive that can set Millennials apart from competitors is a well-rounded involvement with campus organizations and opportunities. That’s what Indiana State alumna Sarah Helman, ’14, found in her success at finding a career. As an insurance risk management major, Helman’s coursework required her to network with companies in the community. It also prepared her in working alongside others.

“Every business class I had, there was always a group project,” she said. “I think that’s where you learn how to deal with other personalities and how to be patient with those personalities and (also) how others interact with you, because maybe you don’t realize how you come off working with a team.”

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Nominate an Outstanding SCB Alumni

February 27, 2015

ISU Alumni AssociationPlease take a few moments to nominate an outstanding alumni from the Scott College of Business in honor of our 50th Anniversary! Please nominate by March 8 for consideration and recognition at our 50th celebration April 10 at ISU! More info at

Recipients will be selected by a committee formed by the ISU Alumni Association and with no direct ties to the Scott College of Business so that the selection process will remain unbiased. Below are links to the forms for each category:

Scott College Outstanding Young Alumni (0-10 years past graduation):

Scott College Outstanding Alumni (more than 10 years past graduation):

<< Meet Our Alumni >>

New Speakers Announced for the 2015 Insurance Summit

February 25, 2015

The speakers at the 11th Annual Insurance Public Policy Summit to be hald in Washington, D.C. on March 17, include: Senator Joe Donnelly (D-IN), Congressman Blaine Luetkemeyer (R-MO), Governor Dirk Kempthorne, Commissioner Kevin McCarty (FL), Michael T. McRaith, and Thomas R. Sullivan among other industry experts.

Senator Joe DonnellyCongressman Blaine Luetkemeyer Governor Dirk Kempthorne Commissioner Kevin McCartyMichael T. McRaithThomas R. Sullivan

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Panelists for Right To Die Discussion Announced

February 25, 2015

The Right To DieThe panelists for the Right To Die discussion on the ethics of physician assisted suicide on Tuesday, March 3, 2015 at 7:00 pm in Dede I of the Hulman Memorial Student Union have been announced.

They will be:

Dr. James Turner - Medical Director, Richard G Lugar Center for Rural Health

Holly Reedy - ISU alumna and lawyer for Wilkinson, Goeller, Modesitt & Drummy

Dr. Krishnamohan Namburi - Interventional Cardiologist for Union Hospital

Andrew Mathis - medical graduate student

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Alumni Profile: Chris Pillow '04 Marketing

February 25, 2015

Chris PillowAttending Indiana State University on a football scholarship was an "eye-opening experience" for 18-year-old Chris Pillow. "You realize you are leaving your parents. You are on your own."

However, the faculty and older football players helped guide the young student on the path he travels today. A talented student-athlete playing wide receiver for the Sycamores, Pillow quickly learned to schedule time for classes and study, as well as time for football practice and games.

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Former Financial Advisor, Right to Die Panel Top Agenda at Indiana State’s 10th Annual Ethics Conference

February 24, 2015

Annual Etchics ConferenceA once rising star of the financial industry who served two years in federal prison for wire fraud and a discussion on an individual's right to die will be among the highlights of the upcoming Ethics Conference at Indiana State University.

Organized by juniors in the Networks Financial Institute's Professional Development Program, the 10th annual conference will be 10 a.m.-4 p.m. March 4.

"We want people to realize that ethics is important and impacts people every day," said Kate Arndt, a junior finance major from Westmont, Ill. and a conference planning team leader. "No one is immune to it."

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New Home for Statesman Peregrine Falcons?

February 10, 2015

Peregrine FalconWith the impending demolition of Statesman Towers, biologists at Indiana State University have relocated the nesting box for a pair of peregrine falcons. The new box was placed Dec. 18 on the southeast corner of the Sycamore Building, located downtown between Ohio Street and Wabash Avenue and owned by Sunset Harbor Inc., said Steven Lima, professor of biology at Indiana State.

The 6-year-old male falcon from Indianapolis and his mate have yet to use the new box, but their old Statesman Tower nest box was removed about a month ago.

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Dr. Mahfuzul Haque Earns 2015 McGraw-Hill Distinguished Paper Award

February 10, 2015

Mahfuzul HaqueM. Ershad Hussain, Dillard University and Mahfuzul Haque, Indiana State University, earned the 2015 McGraw-Hill Distinguished Paper Award for their paper "Is the J-Curve a Reality in Developing Countries?"

The paper appeared in the Journal of Economics and Political Economy, December 2014, volume 1, issue 2.

Distinguished Paper Awards are sponsored by McGraw-Hill/Irwin to recognize outstanding papers submitted for presentation at Federation of Business Discipline (FBD) meetings. The paper is being presented at the Southwestern Society of Economists (SSE) FBD conference in Houston, Texas in March.


Dr. Haque's Faculty Page
"Is the J-Curve a Reality in Developing Countries?" at Ideas/RePEc
Past recipients of the McGraw-Hill Distinguished Paper Award
Journal of Economics and Political Economy
Southwestern Society of Economist (SSE)
Federation of Business Discipline (FBD)
Federation of Business Discipline (FBD) March 2015 conference in Houston, Texas

Our 2015 Risk Manager in Residence is Mr. Gordon Adams

February 4, 2015

Gordon AdamsGordon Adams is the Chief Risk Officer at Tri–Marine International Inc. and will be visiting us next week from Tuesday (2/10) through Thursday (2/12). On Wednesday (2/11) at 12:30 p.m. he will make a presentation for the RMIR Open Forum Luncheon - "Lloyds of London", all Scott of College of Business faculty, staff, and students are welcome to join us.

Lunch will be provided and for the purpose of food preparation, please RSVP to Ms. Kim Vanwey or call 812-237-2442 by Monday (2/9) 5:00 p.m.

Gordon Adams is Chief Risk Officer for Tri-Marine International, Inc. a global tuna marketing, canning and sales organization with facilities in Asia, Africa, Europe and the US. Gordon is responsible for all aspects of Risk Management for Tri-Marine, including insurance, risk mitigation, safety and legal compliance programs. Gordon has over 40 years of experience in the insurance industry, and he specializes in homebuilding, residential land development, energy and marine insurance programs. He has also held senior risk management positions with Occidental Petroleum, Pacific Enterprises, MBK Real Estate and Global Marine.

Gordon has a Bachelor of Science degree from US Merchant Marine Academy and an MBA from Pepperdine University, and he has taught insurance classes at The College of Insurance and been a guest lecturer at the Center for Insurance Studies at Cal-State Fullerton University.

Alumni Profile: Marsha Stone '89

February 4, 2015

Marsha StoneLife is often about knowing how to spot an opportunity when it arises, something for which Marsha Stone has a knack. A certified public accountant by trade, Stone, who hails from Clayton and earned a bachelor’s degree in accounting from Indiana State, has been employed with the Indianapolis Airport Authority for 10 years.

When a position opened up at the airport in 2004, Stone jumped at the opportunity and has since served as the airport’s auditor director, assistant finance director and finance director before being named CFO in 2009.

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Analysts Offer Positive Predictions, Stress Need for Good Jobs at Annual Groundhog Day Economic Forecast

February 3, 2015

2015 Groundhog Day Economic Forecast BreakfastAfter what Robert Guell described as "a long economic malaise," defined by its surge in oil prices, rise in unemployment and a labor market struggling to adapt to change, the Indiana State professor of economics says there are signs the economy may turn a corner in 2015.

Guell was among the event's panelists, which also included David Oppedahl, keynote speaker and senior business economist at the Federal Reserve Bank of Chicago, Brian Conley, owner of Conley Real Estate Appraisals, Steve Witt, president of Terre Haute Economic Development Corp., Bart Colwell, president of Terre Haute Savings Bank, and Brien Smith, dean of the Scott College of Business.

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New Northwestern Mutual Sales Scholarship Announced

January 22, 2015

Northwestern Mutual

Northwestern Mutual has been helping clients achieve financial security for nearly 160 years. Their internship program has consistently been recognized as one of the top 10 in the country. This scholarship was established in 2015 as a demonstration of the firm's support in sales education at Indiana State University.

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Does the American Dream Still Exist?

January 6, 2015

At first glance, the dreams of America’s founding fathers seem simple — life, liberty and the pursuit of happiness. But almost 240 years of hindsight has proven the American dream to be much more and may require extra time and patience to acquire it in the 21st century.

Man and Formulae

"I would say the American dream is different for everybody and changes all of the time," said Matt Cohen, instructor of accounting, finance, insurance and risk management at Indiana State University’s Scott College of Business. "My own American dream has evolved since college, from wanting to accumulate wealth to a desire to pursue my passions. I tell students that they’re sitting on a $1 million lottery ticket coming to college, because it’s a great place to discover what their dream is."

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