School of Business and Economics
Web site: www.iun.edu/~busnw
Anna S. Rominger, J.D., Dean
Bala G. Arshanapalli, Ph.D., Professor of Finance
Annemarie K. Keinath, Ph.D., Associate Professor of Accounting
Tin-Chun Lin, Ph.D., Assistant Professor of Economics
Sara Linton, Ph.D., Associate Professor of Accounting
Gary A. Lynch, Ph.D., Professor Emeritus of Economics
Constance C. Milbourne, Ph.D., Assistant Professor of Marketing, Business Statistics, and Communication
William B. Nelson, Ph.D., Professor of Finance
Anna S. Rominger, J.D., Associate Professor of Business Administration
IIndiana University’s educational mission is to provide high-quality bachelor’s and master’s business and economics programs in major urban areas within the state. Established in 1966, the School of Business and Economics at IU Northwest endeavors to offer high levels of teaching, research, and services consistent with Indiana University’s overall objectives.
The Center for Economic Education at IU Northwest is part of a network of 13 Centers for Economic Education in the state.
The Center for Management Development provides customized, executive development and consulting services to various organizations. We partner with the business, government, and not-for-profit communities to develop and promote effective organizations. The center is committed to providing dependable, high-quality, cost-effective services.
If you would like additional information, call the Center for Management Development at (219) 981-4257.
IIn collaboration with Indiana University, an arm of the Indiana Business Research Center is located on the Northwest campus. This center conducts business and economic research and provides programs to support business and economic development in the seven-county region and the Chicagoland area.
The Small Business Institute (SBI) is a program in the School of Business and Economics of Indiana University Northwest. This program provides confidential, intensive, high-quality consulting services to small businesses in northwest Indiana. These services are provided by high-caliber seniors in the undergraduate business program of the university, under the direct supervision of a faculty member. The seniors are formed into teams of three to five people and assigned to a small business for a semester. While assigned to the business, the team does an industry and competitive analysis for the firm, a financial overview of the firm, and then tackles one or more problems specific to the firm.
Indiana University Northwest is proud to be a member of this elite group of schools that have been carefully approved to manage an SBI program by the Small Business Institute Directors Association.
The majority of the school’s resources are committed to instructional activities, and, of these, the bulk is devoted to the degree programs. But an adequate summary of the total work of the school must also give attention to the other forms of instruction, in which it engages, to activities that support the
Bachelor of Science in Business
The undergraduate program typically occupies the three final undergraduate years and leads to the Bachelor of Science in Business degree. This professional degree has extensive arts, science, and humanities content.
Bachelor of Arts in Economics
Consult the College of Arts and Sciences section of this bulletin for the degree requirements for a Bachelor of Arts in economics.
Consult with your Economics faculty advisor for the degree requirements for the concentration in Financial Economics.
The School of Business and Economics offers any non-business undergraduate majors the opportunity to minor in business administration or accounting.
Associate of Science in Business
The School of Business and Economics offers a two-year Associate of Science in Business degree. It is designed for the student who wishes to develop basic skills that may secure greater opportunities than those open to individuals having lesser educational attainments. The course work in this degree is fully transferable to the Bachelor of Science in Business degree.
Postbaccalaureate Certificate in Accounting
The School of Business and Economics offers a unique program for adults desiring to secure training for a career in the expanding field of accounting. It is geared for mature students whose positions or occupations lack opportunity or challenge or whose talents are being underutilized. The program is open to anyone holding a bachelor’s degree from an accredited college or university. Students will receive instruction in the major areas of accounting and selected courses in the basic business core.
Guidance and Counseling Services
Students in the School of Business and Economics are responsible for planning their own programs and for meeting degree requirements. It is their responsibility to understand fully and to comply with all the provisions of this bulletin.
An important portion of total faculty time is devoted to assisting students in making proper program and career choices. Degree candidates will be assigned a faculty advisor in their field of major interest who will aid their program planning, follow their progress, and be available for general counseling. Students may, in addition, turn to a member of the faculty specializing in the curricular area in which they are taking course work or contemplating study. They may obtain additional counseling from the Office of Counseling and Student Records.
The faculty of the School of Business and Economics recognizes that student organizations may contribute greatly to the total development of all students. A number of student organizations exist at IU Northwest, and it is highly recommended that each student take advantage of extracurricular activities and opportunities provided by those organizations. Some organizations are purpose oriented and attempt to develop and improve a student’s understanding of the business environment. Other organizations are honorary.
Accounting and Business Student Organization (ABSO) ClubThe IU Northwest ABSO maintains a close relationship with accounting and business students, alumni, faculty, and business professionals. Meetings include speakers from prominent businesses and accounting firms. Membership is open to all students.
Scholarships and Awards
Students in the School of Business and Economics are eligible for awards and scholarships including the following: Lloyd Buckwell Scholarship, Albert and Margaret Gallagher Scholarship, Strack Family Scholarship, Indiana Association of Certified Public Accountants Award, Wanda Dudzik Scholarship, Wall Street Journal Award, and School of Business and Economics Scholarship.
The School of Business and Economics identifies students graduating with the Bachelor of Science in Business with three levels of academic distinction: highest distinction, high distinction, and distinction. The minimum cumulative GPA to receive degrees with distinction are: highest distinction, a minimum GPA of 3.85; high distinction, a minimum GPA of 3.70; Distinction, a minimum GPA of 3.55. No more than 10 percent of the students receiving the Bachelor of Science in Business in any academic year may receive a degree with distinction. Graduates receiving degrees with distinction have the appropriate level of distinction noted on their diplomas and in the Commencement program; these graduates may wear the cream and crimson fourragère at Commencement.
Undergraduate studies provide opportunities for breadth of education as well as for specialization. IU Northwest subscribes to the principle that a significant portion of a student’s academic program should be in general education subjects. The general education aspects of the program are then complemented by study in the basic areas of business administration.
Students admitted to IU Northwest who declare a business or financial information systems (accounting) concentration will be admitted directly into the School of Business and Economics.
Enrollment RestrictionStudents pursuing degrees in academic divisions other than Business and Economics are permitted to enroll in a maximum of 30 credit hours of business courses. All students are required to meet all prerequisites and must obtain school authorization to enroll in any junior- or senior-level business and economics course prior to registration.
Students who intend to transfer to Bloomington or other IU campuses and apply for admission to the undergraduate programs in business must understand that the admission requirements for business vary among the IU campuses. Students should consult the IU bulletin for the campus to which they seek admission for specific requirements of the business program.
Degree ApplicationsCandidates for the Bachelor of Science and Associate of Science degrees must file a degree application during registration the semester before they intend to graduate. This allows time for the student’s academic record to be audited for degree certification. Without the audit, the student cannot be recommended for the conferral of the degree.
Credit Hours RequirementThe minimum number of credit hours required for the baccalaureate degree is 124 in courses meeting the various requirements stated in this bulletin. Of these, a minimum of 62 credit hours must be in business and economics courses, and at least 62 credit hours must be in courses other than business and economics. The School of Business and Economics requires that at least 50 percent of the business credit hours required for the degree be earned at IU Northwest or one of the Indiana University campuses.
No credit is given toward a degree in business for courses taken throughout the university with a prefix of 0, or for courses taken from the Division of General and Technical Studies, or for other non-college-level courses.
Senior Residence RequirementThe senior year (the last 30 credit hours of work) must be completed in residence on one of the Indiana University campuses offering a four-year program. Students will be certified for graduation by the campus at which they complete the last semester (12 credit hours or more). Registration for a minimum of two semesters in the School of Business and Economics is required.
Permission to take credit during the senior year at another institution or by correspondence study courses may be procured to a maximum of 6 credits by petitioning the assistant to the director.
Junior College, Community College, and Correspondence Study CreditsCredits earned through junior and community colleges are limited to a maximum of 60 credit hours. Correspondence study is limited to 6 credit hours.
Within the above limitations, correspondence study courses may be taken through the Division of Independent Study of the School of Continuing Studies. Because of their basic nature in a student's program, no business or economics courses may be taken by correspondence to count toward degree requirements.
For a complete listing of courses available through independent study by correspondence at Indiana University, consult the School of Continuing Studies Bulletin.
Credit by Self-Acquired CompetencyThe School of Business and Economics does not award credit on the basis of self-acquired competency.
The school will not accept transfer of credit from other institutions for business courses if the credit was awarded on the basis of self-acquired competency.
For nonbusiness courses, the school will accept course-specific credit awarded on the basis of self-acquired competency by other baccalaureate-granting divisions/schools of Indiana University and by other institutions accredited by the North Central Association of Colleges or comparable regional associations.
The school will not accept general (non-coursespecific) self-acquired competency credit awarded by other divisions/schools of Indiana University or by other institutions.
Transfer Credit PolicyCourses that were taken at other institutions and that appear similar in either title or objective to the 300- or 400-level (junior and senior) courses offered by the School of Business and Economics will be transferred as undistributed electives and will not be regarded as equivalent unless at least one of the following validation processes has been performed.
Only credits earned at Indiana University will count toward a student’s grade point average.
School Grade RequirementsTo be certified for graduation, a student must have a minimum average of C (2.0) in all course work, a minimum average of C (2.0) in all courses taken toward the degree, a minimum average of C (2.0) for all courses taken in the basic business and economics core, and a minimum average of C (2.0) in the area of concentration. A student must also have completed ENG W131 Elementary Composition and CSCI A106 Introduction to Computing with a minimum grade of C (2.0) in each course. Any course with a number beginning with a zero will not be counted toward graduation requirements.
ProbationStudents are automatically placed on probation whenever their cumulative grade point averages are below 2.0.
DismissalIn the School of Business and Economics, at the discretion of the Graduate-Undergraduate Committee, a student may be dismissed from the school if the student has consistently failed to make progress toward meeting general education, business core, or concentration requirements. Generally, a student on probation will be dismissed if the student is 15 credit points below a 2.0 grade point average, or, if in two consecutive subsequent enrollments, the student fails to make a 2.0 in those two enrollments considered as a unit and adds 10 credit points to the deficiency record.
Furthermore, upon the recommendation of the Graduate-Undergraduate Committee and with the approval of the dean of the School of Business and Economics, any student whose work is unsatisfactory or whose conduct is unethical may be dismissed from the school.
Pass-Fail OptionBusiness students may elect to take one course each semester with a grade of P (Pass) or F (Fail), with a maximum of two such courses each school year, including summer sessions. The student must exercise the election of this option within the first three weeks of the semester. Limitations on use of the Pass/Fail policy are as follows. School of Business and Economics students may not take any business or economics course Pass/Fail. Also, the Pass/Fail option cannot be used for courses that satisfy the general education requirements (I-VII), which include the 14 credit hours required for general education electives. The option can only be used for courses that are pure electives taken outside the School of Business and Economics. A grade of P is not counted in the cumulative grade point average, but a grade of F is included. A grade of P cannot subsequently be changed to a grade of A, B, C, or D.
Concentration DeclarationStudents may declare a concentration before the beginning of a semester. Any student who has not selected a concentration will be classified as a business administration major and will be expected to follow the program of that concentration.
Business and economics students may choose no more than two concentrations. They must meet all of the requirements for both concentrations. Only one course may be used to satisfy the requirements for both concentrations.
Credit Deadline All credit of candidates for degrees, except that for the work of the current semester, should be on record at least one month prior to the conferring of the degrees.
Requirements for a Second Bachelor's Degree
The School of Business and Economics offers to holders of a bachelor’s degree in fields other than business a second bachelor’s degree in business. The requirements are identical to the requirements for the bachelor’s degree in business (see succeeding pages).
The candidate may, of course, be exempted from any of those requirements already fulfilled in acquiring the first bachelor’s degree.
Statute of LimitationsStudents who are candidates for the Bachelor of Science in Business degree have the right to complete degree requirements specified by the bulletin in effect at the time they matriculated at Indiana University, provided (1) that the necessary courses are available and (2) that no more than 10 calendar years have elapsed since matriculation.
In the event that courses are not available or more than 10 years have elapsed, students must apply to the school to update their programs to the bulletin currently in effect.
Proper enrollment is the individual responsibility of each student. There are always level prerequisites, and there are frequently course prerequisites for the courses in all business programs. Improper enrollments may be cancelled by the School of Business and Economics at any time, and, if credit is earned in such an enrollment, the school may refuse to apply that credit to a degree program or may require enrollment in an additional course.
Level RequirementsCourses numbered 200-299 are open only to students who have completed 24 or more hours of credit applicable toward a degree. Courses numbered 300-499 are open only to students who have completed 56 or more hours of credit applicable toward a degree.
Before there can be a proper enrollment in any course having prerequisites, the prerequisites must be successfully completed. Concurrent enrollment is not permissible unless specifically stated otherwise.
The following listing details the courses and credit hours required in each of these areas.
General Education Core Requirements
(62 credit hours)
1See divisional grade requirements
Bachelor of Science in Business - 124 cr.
Communications (15 cr.)
Computer Sciences (9 cr.)
Arts and Humanities (9 cr.)
Career Planning (3 cr.)
General Education Electives (14 cr.)
Business Core Requirements (47 cr.)
Functional Business Skills (30 cr.)
Teamwork and Team Leadership Skills (11 cr.)
Technological Skills (6 cr.)
CONCENTRATIONS OFFERED (pick one)
Business Administration (15 cr.)*
*Courses required for each concentration are listed under "Curriculum Concentrations."
Basic Business and Economics Core1
(47 credit hours)
The undergraduate curriculum in which complete four-year degree programs are offered at IU Northwest is outlined on the following pages and includes (1) business administration and (2) financial information systems (accounting).
For students who wish to pursue a broad general program, the business administration curriculum provides a vehicle for organizing their studies. The integrating focus is the responsibility for administering the multiple operations of the business firm as a subsystem within a rapidly changing environmental system. Emphasis is on the processes involved in setting goals for corporate effort, coordinating and controlling multiple programs, and regulating human and material inputs and outputs with varied environments.
Junior and Senior Years
The curriculum prepares students for positions as accountants, auditors, controllers, income tax accountants, financial statement analysts, cost accountants, budget officers, and governmental or institutional accountants. In addition, it equips the prospective business executive with a tool for intelligent analysis, prediction, decision-making, and control.
Junior and Senior Years
The School of Business and Economics offers the following minors for non-business undergraduate students.
Business Administration Minor
The prerequisite and academic policies of the School of Business and Economics will be enforced. A student must have a C (2.0) cumulative grade point average in the courses required in any minor. Non-business students must notify the recorder for the division in which their records are located, as well as the assistant to the director in the School of Business and Economics, that they are pursuing one of these business minors. Correspondence courses will not be accepted for credit toward any minor. Successful completion of a minor will be indicated on the student’s official academic transcript. No more than half of the required courses for either minor may be transfer credit from another institution.
A program for which students may earn an Associate of Science in Business is offered by the School of Business and Economics in the field of business studies. This program is for those students desiring less than a four-year university education but who, upon completion of two years of university work, will seek greater opportunities than those open to individuals having lesser educational attainments.
The Postbaccalaureate Certificate in Accounting program is intended to provide students with concentrated training in accounting and closely related fields and is designed for those who want to develop proficiency in accounting, an area where there is likely to be an adequate market demand for the next several years.
The program is open to anyone who possesses a bachelor’s degree in any field from an accredited college or university. The only requirements for entry are an application and official transcript for all undergraduate work must be submitted to the School of Business and Economics. The program is keyed to the needs of a broad spectrum of individuals who wish to move into a field that is both challenging and rewarding. The age range of the participants in the program is higher than that of typical students, running from the early twenties to forties. Enrollment may be either full time or part time. The length of time required to complete this program depends on undergraduate courses already completed. The full range of counseling and placement services of the school is available to certificate students.
Requirements for Admission
A complete review of undergraduate work will determine the student's plan of study.
Personal Computing Prerequisite
Requirements for Graduation
Accounting (24 credit hours)
An additional 9 credit hours in accounting
Basic Business and Economics Core (6 credit hours)
No more than 6 credit hours in business law and no more than 6 credit hours in computer science.