Home 2014-2015 Undergraduate College Catalog Undergraduate Programs of Study(Majors, Minors & Requirements) Accounting/Economics/Finance/ Business Management/Marketing Business Management

Business Management

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Accounting/Economics/Finance/ Business Management/Marketing

The 21st century business environment provides challenges and rewards for those who are prepared. The emphasis on the use of technology, the integration of business concepts, and environmental issues will require tomorrow’s business decision maker to be knowledgeable, to have mental flexibility, to be prepared to adjust to new paradigms and demands and to accomplish this on a national and international level. The business management major provides the core knowledge of methods, concepts and principles that will prepare a person to meet these challenges of tomorrow’s business. The understanding of the economy and the analytical tools of the economist complement this curriculum.

This program, in addition to preparing the individual for a career in business or the non-profit sector, provides an excellent background for graduate or professional study.

It is strongly recommended that students majoring in business management take at least one credit-bearing internship during the junior or senior year.

Note: Courses with the MGT code are not liberal arts. As with all non-liberal arts courses at the College, this is indicated by double asterisks after the title of the course. Students majoring in Business Management are encouraged to have a liberal arts minor or second major, and are urged to plan carefully to ensure that they will have the 90 liberal arts credits required for the B.A. degree.

Another option for students majoring in Business Management is to take our B.S. degree in Business Management. The major requirements for the B.S. degree are identical to those for the B.A. degree. The only difference is that students receiving the B.S. degree only have to complete 60 liberal arts credits out of the total 120 credits whereas students receiving the B.A. degree have to complete 90 liberal arts credits out of the total 120 credits.

Students wishing to double major in business management and another field may not take the B.S. degree.

Business Management Major Requirements for the B.A. and B.S. Degree

All business management majors are required to take the following nine courses:

MGT 1001	Fundamentals of Management**
MGT 1002/ACC 1002*	Fundamentals of Accounting I**
MGT 1003	Introduction to Marketing**
MGT 1007	Computer Concepts with Business Applications**
MGT 1008/ACC 1008*	Fundamentals of Accounting II**
ECO 1011	Principles of Macroeconomics
ECO 1012	Principles of Microeconomics
ECO 2060	Economic & Business Statistics
MGT 3090	Capstone Seminar** OR ECO 3997

Senior Seminar (ECO 3997 must be taken for departmental honors) Students may take both ECO 3997 and MGT 3090 and one will count as an elective.

Elective Courses:

Business Management majors who do not choose an area of concentration must take 3 electives. In addition to the management-designated courses (coded MGT), students may take any economics or finance course as an elective (any course coded ECO), except for ECO 3997.

Business Management majors who choose an area of concentration must choose their electives from the courses listed under their concentration. For the Marketing and Accounting concentrations, students must take 1 additional required course and choose 3 electives, for a total of 13 courses. For the International Management concentration, students must choose an additional 3 electives, plus complete 3 area studies courses, for a total of 15 courses.

Note: In general, students may not select both a major and a minor (or two majors) from the Department of Economics, Finance and Management, as the faculty of the Department wishes to ensure that our students possess real breadth in their studies. In some circumstances, an exception to this rule may be granted. A student wishing this exception, and who also plans a minor or major in another department, should petition the Chair of the Economics, Finance and Management Department. Please note that courses may not be double-counted by students who are allowed to do a major and minor (or two majors) within the Department. This double-counting can be avoided by taking additional electives. MGT 1007 is waived for students who take computer science as a Minor.

The computer course requirement is waived for students who take computer science as a Minor.

Senior Seminar

The seminar is offered only during the fall semester. Students undertake research on a topic approved by the instructor and use management tools and techniques to reach conclusions. The results of the research project are presented in a senior thesis and discussed in a seminar format. A grade of C- is the minimum standard for a successful senior evaluation. Students not taking the Senior Seminar, must take the MGT 3090 Capstone Seminar. Students may take both if they desire and only students who take the Senior Seminar will be considered for departmental honors at graduation.

* This designation does not become official until 2014-2015

** Not counted as liberal arts

Business Management Minor Requirements

Six courses are required, as follows:

ECO 1011	Principles of Macroeconomics
ECO 1012	Principles of Microeconomics
MGT 1001	Fundamentals of Management**
MGT 1002/ACC 1002*	Fundamentals of Accounting I**

Two electives, which may be from business management, economics, or finance.

Internships do not count in fulfilling the minor requirements.

* This designation does not become official until 2014-2015

** Not counted as liberal arts

Business Management Internship

Completion of all required 1000 level courses is a prerequisite for an internship. No more than one internship can count toward major requirements, though the college allows students to take as many as nine credits of internships in fulfilling a degree. (Additional internship credit hours may be counted for college credit).

Business Management Independent Study

Prerequisite: a minimum overall G.P.A. of 3.00 plus completion of Fundamentals of Management, Introduction to Marketing and Fundamentals of Accounting I and II.

Concentrations within the Business Management Major

Although not a requirement, a Business Management major may choose to concentrate in one of the following areas: accounting, marketing, human resource management, or international management.

Concentration in Accounting

Completion of the nine required courses for the business management major and the completion of:

MGT 2035/ACC 2035*	Intermediate Accounting I**
MGT 2036/ACC 2036*	Intermediate Accounting II**

Plus one of the following:

MGT 2037/ACC 2037*

Fundamentals of Taxation**

MGT 3019/ACC 3019*

Cost Accounting**

MGT 3024/ACC 3024*

Auditing**

* This designation does not become official until 2014-2015

** Not counted as liberal arts

Concentration in Marketing

Completion of the nine required courses for the business management major and the completion of any three of the following:

MGT 2006	International Marketing**
MGT 2016	Integrated Marketing Communications**
MGT 2017	Internet Marketing**
MGT 2024	Consumer Behavior**

Concentration in Human Resource Management

Completion of the nine required courses for the business management major and the completion of:

MGT 1005

Management of Human Resources**

Plus any three of the following:

MGT 1006	General HR Employment Practices**
MGT 2007	International Management**
MGT 2021	Compensation and Benefits**
MGT 2027	Management of Workforce Diversity**

Concentration in International Management

Completion of the nine required courses for the business management major and the completion of:

Two of the following:

MGT 2006	International Marketing**
MGT 2007	International Management**
ECO 3035	Seminar in International Business

One of the following:

ECO 3016	International Trade
ECO 3018	Economics of Developing Countries

Three area studies courses

Students are required to take three area study courses relating to Latin America, Africa, Asia, or Europe. Courses that focus on an ethnic or cultural Diaspora within the United States do not satisfy the area studies requirement. Please see an advisor within the department if you have questions about this. Area studies courses may be spread over more than one area; it is not required that these courses relate to the language area. Courses may double-count with the college-wide global perspectives portfolio requirement.

Study abroad in the area of interest is highly recommended.

Music Major with Concentration in Music Management

Requirements for a Music major with concentration in Music Management are set by the Music Department.

Certificate in Business Management (For non-matriculated students only)

The certificate program is especially designed for people with little or no business experience who wish to develop managerial skills. It is particularly useful for those who wish to enter the job market.

Granting the Certificate

To be awarded the certificate in business management the student must complete three required courses and two electives. An average of C+ must be maintained. No course with a grade lower than C will be accepted towards the certificate.

Required Courses for the Certificate:

MGT 1001	Fundamentals of Management**
MGT 1002/ACC 1002*	Fundamentals of Accounting I**
MGT 1003	Introduction to Marketing**

Elective Courses for the Certificate:

Completion of any two of the following:

MGT 1004	Principles of Entrepreneurship**
MGT 1005	Management of Human Resources**
MGT 2006	International Marketing**
MGT 2007	International Management**

It is strongly recommended that students take Principles of Macroeconomics and Principles of Microeconomics.

The required courses are designed to allow the student to assume the general responsibilities of a manager. The topics students will discuss are the basic tools of management, analysis of financial statements and marketing a product. The elective courses permit the student to obtain a deeper knowledge of particular aspects of management. The certificate program can be completed, in most cases, in one year. The college has established a four year time limit for the completion of course work for the certificate.

Note: the certificate is granted only to non-matriculated students.

* This designation does not become official until 2014-2015

** Not counted as liberal arts