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 Kelley School of Business 2000-2002 Undergraduate Academic Bulletin |
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Bachelor of Science in Business
Degree Requirements
To be awarded the Bachelor of Science in Business degree, students must take the following steps:
Students who would like assistance in planning an academic program or clarification of degree requirements may consult an academic advisor in the Kelley School of Business.
The course work required for the B.S. degree in business consists essentially of three parts:
General-Education Core Courses
(62 credit hours)
I. Communications (8-9 credit hours) (A minimum grade of C is required in all courses taken to fulfill the communications requirement.)
II. Mathematics (6 credit hours)
(A minimum grade of C is required in all courses used to fulfill the mathematics requirement.)
III. International Dimension Requirement (at least 6 credit hours required)
IV. General-Education Requirement (27 credit hours)
Nonspecialization General-Education Option
Field Specialization Option
V. General-Education Electives
General Education Special Opportunities
Freshman Seminars
If the subject of a freshman seminar is within the realm of a department listed under a field specialization option, the seminar may count toward the field specialization requirement. For nonspecialization, one freshman seminar course may be counted in each area. See a Kelley School of Business advisor to determine how specific freshman seminars may apply to the nonspecialization or field specialization requirements.
COAS TOPICS Courses
COAS Honors
Basic Business and Economics Requirements
All courses must be completed with a C or higher.
Junior and Senior Year:
Other courses
Business Concentrations and Departments
In addition to fulfilling the general-education core courses requirements and the basic business economics requirements previously listed, students in the Kelley School of Business select one or more of the following concentrations, listed below under their home departments.
Accounting and Information Systems
Students who would like assistance in selecting a business concentration may consult a Kelley School of Business academic advisor or a faculty member.
Concentration requirements are subject to change during the two years covered by this bulletin. It is the student's responsibility to stay informed of concentration changes by seeing a business academic advisor on a regular basis. The Academic Advising Office is located on the second floor of the Kelley School of Business.
Department of Accounting and Information Systems
Please see a business advisor for current minimum grade requirements.
Return to Business Concentrations and Departments
The Bachelor of Science (B.S.) in accounting curriculum prepares students for careers in auditing, corporate accounting, management consulting, government and not-for-profit organizations, and taxation. It equips the prospective business executive with tools for intelligent analysis, planning, control, and decision making. Graduates of this program are among the leaders of the profession and the worldwide business community. The accounting curriculum also provides an excellent foundation for the student who wants to pursue graduate work in business, public administration, or law. Because this curriculum is highly structured-most of the courses must be taken in a certain order-interested students should select this major as soon as possible in order to graduate within four years.
Internships in business or government are available on a selective basis during the fall, spring, and summer terms. Fall is an ideal time to apply for an accounting internship, as the majority of public accounting internships are spring-semester positions. The Business Placement Office can provide further information about internships. The Kelley School of Business does not award academic credit for internships.
Accounting graduates who meet the requirements of the State Board of Public Accountancy of Indiana are eligible to sit for the Uniform CPA Examination in Indiana. Those who wish to engage in public accounting practice in Indiana as certified public accountants should familiarize themselves with the rules and regulations issued by the Indiana State Board of Public Accountancy, 912 State Office Building, Indianapolis, IN 46204. Beginning in the year 2000, most states (including Indiana) began requiring accounting professionals who wish to be licensed as certified public accountants to have completed 150 semester hours of education. The Department of Accounting and Information Systems has two graduate programs for those individuals who wish to fulfill the education requirements necessary to sit for the CPA examination (described below). Students planning to practice outside Indiana should consult the CPA board in their intended state of residence. Call 1-800-CPA-EXAM for additional information.
Concentration Requirements
Accounting Graduate Programs
The Master of Professional Accountancy (M.P.A.) program is for students who already hold a B.S. or B.A. in any discipline. Students who hold undergraduate degrees in accounting can complete this program in one academic year; others will need a full calendar year. The program is designed to prepare promising students for active participation in the business community through corporate or public accounting entry points. Students who follow this path will focus on the development of professional and personal skills and attitudes, as well as technical accounting and business knowledge.
For further information on either one of the programs, please contact the Accounting Graduate Programs Office in Business 426, phone (812) 855-7200, e-mail acctgrad@indiana.edu, or visit the Web site at www.kelley.iu.edu/agp.
Return to Business Concentrations and Departments
The Bachelor of Science (B.S.) in computer information systems curriculum prepares students for careers in the broadly defined computer information systems field as it applies to business. Most program graduates begin their careers as systems analysts, programmer/analysts, or consultants, but an increasing number of information systems graduates are likely to be employed as computer liaisons in the traditional functional areas of accounting, finance, marketing, or production. Demand for information systems graduates is expected to remain high for the foreseeable future, with average starting salaries likely to be the highest among all concentrations available in the Kelley School of Business. Opportunities in the information systems area are superb for students with an interest in computers, a high level of analytical ability, and a desire to work on challenging problems in a business environment. Strong demand exists both in corporations and in management consulting organizations.
In addition to the courses required for all business students, students pursuing a concentration in computer information systems must take eight business courses. These include S205 Visual Programming and one other programming course, either S210 Business Programming Using COBOL, or S215 Business Programming Using C and C++; S302 Management Information Systems; S305 Business Telecommunications; S307 Data Management; S310 Systems Analysis and Design; and two 400-level courses chosen from S405, S410, S415, S417, S420, and S434. Because this curriculum is highly structured-most of the courses must be taken in a certain order-interested students should select this concentration as soon as possible in order to graduate within four years.
Concentration Requirements Return to Business Concentrations and Departments
Department of Business Economics and Public Policy
Please see a business advisor for current minimum grade requirements.
Return to Business Concentrations and Departments
Business Economics and Public Policy
Business economics is playing an increasingly important role in managerial decision making in the United States and in international settings. Consequently, job opportunities have expanded. Firms are particularly interested in the fields of policy analysis, applied economics, and forecasting. Enterprises have also become increasingly influenced by governmental rules, regulations, and policies. Specifically regulated industries, such as public utilities, have a need for individuals qualified to deal with the economic and administrative problems that they encounter as they face increased competition and government scrutiny. The undergraduate concentration in business economics and public policy provides students with training in the application of micro- and macroeconomics to problems of business decision making, the effect of governmental policies on the business environment, and forecasting techniques.
The concentration is especially useful for students who wish to pursue business or government careers that are related to the fields of applied economics, economic development, regulation, policy analysis, and forecasting. Students intending to pursue graduate programs in law, business, public administration, or economics will find that a business economics and public policy concentration serves as an excellent foundation.
The department offerings include courses in managerial economics, forecasting, international economics and policy, business conditions analysis, public policy, urban economics, game theory, and business and economic history.
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To be a successful management or economic consultant, one must master three types of skills: diagnostic (ask the right questions), analytical (be mathematical and logical), and communication (write and speak not only well, but logically). Tools and thinking processes, rather than specialized industry knowledge, are the essential assets that enable the consultant to cope with a vast array of challenges. The range of problems is virtually infinite: antitrust, industry regulation, damage analyses, economic and financial modeling, intellectual property valuation, environmental economics, and public policy, to name a few.
Concentration Requirements Return to Business Concentrations and Departments
This track is aimed at students who want a liberal arts concentration to prepare for graduate or professional school or to prepare for a public-sector position.
Concentration Requirements Return to Business Concentrations and Departments
Please see a business advisor for current minimum grade requirements.
Return to Business Concentrations and Departments
The business law department's course offerings acquaint students with what is probably the most important external factor affecting business operations: the law. They provide an understanding of the nature, functions, and practical operations of the legal system. They also provide considerable information about the most important substantive legal rules restricting-and facilitating-business operations. Finally, they help develop both critical reasoning skills and an appreciation of the social, ethical, and economic forces that help make the law what it is.
Concentration Requirements Return to Business Concentrations and Departments
Please see a business advisor for current minimum grade requirements.
The finance concentration prepares students for a broad range of careers. Within the finance concentration are two "tracks" to choose from-finance and real estate. Students progressing on a four-year schedule generally need to choose between these tracks before registering for senior-year courses.
All students in the finance concentration program take a common core of five courses-BUS A311, A312, A324, F303, and F305. A311, A312, and A324 provide the kind of solid foundation in financial accounting that employers demand. F303 and F305 provide a rigorous treatment of the core concepts of the finance concentration and serve as foundations for all 400-level finance electives.
Virtually all jobs in finance require the use of spreadsheet software. A common theme of the finance concentration is developing applied spreadsheet skills for financial modeling-something that employers want graduates to have. Several courses (F301, F303, and F409) have individual projects in which each student constructs financial models using spreadsheet software.
Return to Business Concentrations and Departments
The finance track prepares students for careers in corporate finance, commercial banking, savings and credit institutions, investment analysis, and the selling of financial instruments and services. The curriculum emphasizes finance electives that provide advanced knowledge and skills in the areas of corporate finance (F402 and F307), investments (F335, F420 and F421), banking and financial intermediation (F446), and international finance (F494).
Concentration Requirements Return to Business Concentrations and Departments
The real estate track prepares students for careers in corporate real estate, investment analysis, appraising, financing, mortgage banking, property management, and residential and commercial properties marketing. The curriculum emphasizes analytic techniques applicable to real estate (R305), appraisal methods (R440), and the decision-making process for acquiring, financing, and managing income-producing properties (R443). Real estate represents a substantial portion of the nation's wealth and is an important component of the investment portfolios of many individual investors and financial institutions.
Concentration Requirements
Exceptions for accounting/finance double majors:
Accounting/finance double majors may count one advanced accounting course as an elective finance course. In other words, double majors may pick two out of eight finance electives and count one advanced accounting course rather than pick three out of eight finance electives.
Accounting/finance double majors may take A325/X301 Intermediate Managerial Accounting 1 (3 cr./1 cr.)-a course tailored for accounting students-rather than A324 (1.5 cr.) plus A327 or A420 (1.5 cr.), all of which are designed for finance majors.
Return to Business Concentrations and Departments
Please see a business advisor for current minimum grade requirements.
The Department of Management encompasses the areas of management and organizations, human resource management, organizational behavior, business strategy and policy, entrepreneurship, and international business. The curriculum provides students with either a broad-based background preparing them for entrance into managerial positions or specialized training in an area of concentration.
The department offers concentrations in entrepreneurship, international studies, management, and management of not-for profit organizations.
Return to Business Concentrations and Departments
The image of business in the United States is often one of mammoth national and multinational corporations. Too often the role of the entrepreneur and the importance of small businesses in the economy are overlooked. A vital cornerstone in sustaining the free enterprise system is the continual birth of new enterprises and the identification, encouragement, and nurturing of entrepreneurial aspirations.
The Indiana University Kelley School of Business, recognizing the contributions of entrepreneurs and the interest shown by students in creating and managing small businesses, offers an entrepreneurship concentration. This concentration focuses on the special skills and knowledge needed by entrepreneurs and managers of small and medium-size firms.
Concentration Requirements Return to Business Concentrations and Departments
In response to new and dynamic patterns of international business, American business firms have progressed far beyond the comparatively simple stage of import-export operations. Many companies are becoming multinational, with production units in numerous foreign countries. Private enterprise in the United States has become more intimately concerned with the economic, political, and social trends of foreign nations. The Kelley School of Business has recognized these developments in its international business administration program.
Students may elect two courses-BUS D301 and D302-dealing with the general problems involved in international business, economics, or area studies. The student of international studies may also participate in overseas study programs or take foreign language courses. Students who wish to pursue further course work in the international area may choose international studies as a second concentration.
Options for International Students
Society recognizes the importance of understanding both management and the complex nature of the organizations under which managers operate: business, government, hospitals, and universities. The faculty is concerned with improving this understanding through a study of individual and group behavior, organizational theory, and human resource development.
The courses offered in this concentration are concerned not only with the broad aspects of management and organization, but also with developing skills for dealing with problems of motivation, organization design, and the increasingly complex problems of human resource allocations in today's interdependent society.
This concentration provides the flexibility to accommodate students whose interests include preparation for entry into corporate management training positions, application of behavioral science to management, the personnel function in both line and staff capacities, and managing the small business.
Concentration Requirements Return to Business Concentrations and Departments
Management of Not-for-Profit Organizations
The not-for-profit or independent sector of the U.S. economy is often referred to as "the third sector." Its importance alongside government and the marketplace can hardly be exaggerated. Not-for-profit organizations include such diverse institutions as social service agencies, museums, hospitals, churches, educational bodies, and arts and cultural agencies. As government funding has tightened or been reduced, many of these not-for-profit organizations have begun commercial activities to diversify their revenue bases. The need for individuals with a broad background in business to fill management and administrative positions in these institutions is great because not all have been managed well in the past. In this context, a concentration in mangement of not-for-profit organizations will contribute to the improvement of this vital sector.
This concentration was developed in partnership with the Indiana University Center on Philanthropy, which has a substantial library and archive collection in the area of philanthropic studies. Students are encouraged to pursue other courses in the not-for-profit field specialization as part of their general-education requirements. Courses for this field specialization might be chosen from fine arts, Jewish studies, music, philosophy, public and environmental affairs, religious studies, social work, and theatre. Students who plan to work in organizations with education, health, social service, and religious connections are encouraged to select courses oriented to these fields. Minors, when available, should be considered.
Students are strongly encouraged to affiliate with Kelley School of Business's Civic Leadership Development program. For more information, contact the program director in the Kelley School of Business. For academic advising, contact the Kelley School of Business Academic Advising Office.
Concentration Requirements Return to Business Concentrations and Departments Return to Business Concentrations and Departments
Please see a business advisor for current minimum grade requirements.
The study of marketing concerns itself with all activities related to the marketing and distribution of goods and services, from producers to consumers. Areas of study include buyer behavior, the development of new products, pricing policies, institutions and channels of distribution (including retailing and wholesaling), advertising, professional selling, sales promotion, marketing research, and the management of marketing to provide for profitable and expanding businesses.
The marketing curriculum provides comprehensive training for students so they can approach problems with a clear understanding both of marketing and of the interrelationships between marketing and other functions of the firm. Marketing majors include students planning careers in marketing, management, advertising, professional sales, sales management, retailing, wholesaling, marketing research, or distribution. Students may pursue within the curriculum a modest degree of specialization in the area of their vocational interest.
Concentration Requirements Return to Business Concentrations and Departments
Marketing-Distribution Management
The undergraduate concentration in distribution management prepares students for careers in physical distribution management and transportation. The curriculum emphasizes the role of distribution and transportation in making goods available in the world marketplace and to the nation in a timely and economical fashion. A student completing the distribution management concentration is qualified for work in corporate distribution management, private carrier management, warehousing, and transportation carrier management in railroad, motor carrier, airline, or related fields. The courses combine theory, principles, concepts, and practice, involving marketing, distribution channels, rate negotiations and rate making, transportation regulation, transportation economics and public policy, and customer service standards and related subjects.
Concentration Requirements Return to Business Concentrations and Departments
Department of Operations and Decision Technologies
Please see a business advisor for current minimum grade requirements.
Return to Business Concentrations and Departments
Business Process Management (BPM) majors will be able to interact with technology in significant ways to solve organizational problems. BPM majors will learn to use SAP Enterprise Resource Planning software, as well as other software packages, to improve operations. Today's global business environments are characterized by unprecedented competitive pressures that demand innovative and speedy solutions. A key component of managing these fast-changing environments is a breed of new information systems that integrate and optimize processes across the entire enterprise. Such systems are called Enterprise Resource Planning (ERP) systems. SAP AG, a German firm, is the world leader in developing and implementing ERP systems. Its SAP product will be used. The opportunities for BPM majors range from designing and/or managing the technical operations of a complex, computer-controlled manufacturing firm to providing technical support for a large retailer and/or distributor to designing and/or managing technology that supports investment portfolios and banking operations. In addition to these areas, a BPM degree prepares students for support/consulting positions. Increasingly, companies are outsourcing certain types of work, including technology-related projects, to consulting agencies. Students interested in traditional operations management occupations also should consider this concentration.
Concentration Requirements Required Set of Electives: Two courses from ONE of three sets:
Production/Operations Management
The production/operations management concentration allows students the greatest tailoring of their interests in either line or staff positions in industries such as transportation, retailing, and entertainment. Students can also customize this concentration by pursuing courses that focus on the application of computing and information technology to improve manufacturing operations. Job opportunities are in such fields as systems analysis, production control, and quality assurance.
Both the inbound (purchasing) and outbound (distribution management) functions control the flow of material in an organization. Job opportunities as buyers, inventory planners, and material planners exist in manufacturing and service industries such as health care. In addition, the concentration can prepare students for careers as first-line supervisors, which provide a breadth of experience like no other assignment in a firm. Opportunities are present in auto manufacturing, bank back-office operations, and food processing.
Concentration Requirements Return to Business Concentrations and Departments
Honors Program
The Kelley School of Business Honors Program is a highly selective academic experience that provides the student with increased challenge and innovative learning experiences. The program emphasizes special curricula, independent research, leadership opportunities, and individual student/faculty interaction that is necessary to fully develop those students who possess the capacity and motivation to excel.
Admission
Curriculum
Once admitted, honors students are required to take part in a leadership development and team-building retreat, take honors sections of several sophomore-level courses, and take the honors section of the integrative core in the fall semester of the junior year. The core includes an integrating exercise and is taught by tenured faculty. Each student must also take a 1 credit hour writing experience, X393 Honors Writing Business, which requires brief written critiques of lectures and interviews.
As a senior, each honors student must complete the 3 credit hour course X496 Supervised Independent Honors Research in Business in an area of his or her choice. The research will be supervised by a Kelley School of Business faculty member. In addition, each student will take X493 Honors Seminar in Business during the spring semester of the senior year. A topic of current interest to business organizations will be selected to provide a semester-long theme for the seminar. Each student is required to undertake either an internship or to participate in an overseas study program. Lastly, honors students must maintain a minimum grade point average of 3.5 throughout the program of study. Upon graduation, students who have maintained this grade point average and have successfully completed the program will have "with Departmental Honors" noted on their diplomas and transcripts.
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The Kelley School of Business offers students the opportunity to discover the culture of a different country through a semester of study overseas. The students learn about international business and the economic, social, and political environment of the country in which they are living. These programs may give students further opportunities to visit governmental and political agencies, as well as multinational firms.
Qualified students may participate in the following programs:
Spring Semester
Summer
Fall Semester
These academic programs enable students to earn 6 to 15 hours of Indiana University credit by attending English-speaking classes taught by faculty from the host university. The exceptions are programs in Monterrey, Mexico, where some classes will be taught in Spanish, and Rouen, France, where some classes will be taught in French. Typically, business students participate in these programs during the junior or senior year. The integrative core is a prerequisite for participation in Kelley School of Business overseas study programs. The overseas study programs will fulfill the international dimension requirement or may apply to the international studies concentration.
The Kelley School of Business offers two German internship programs sponsored in connection with the Fachhochschule für Wirtschaft at Pforzheim and the Universitat at Nurnberg Erlangen-Nurnberg. Qualified business students spend approximately 10 to 12 weeks in Germany. Qualified students may also spend 8 to 10 weeks in an internship program in Slovenia beginning in the middle of May sponsored in connection with the University of Ljubljana. The programs are open to Kelley School of Business juniors, seniors, and first-year M.B.A. students. Undergraduate students must have taken or be currently enrolled in the integrative core. Students need some German language background in order to participate in the German internship program.
A dual-degree program with ESB Reutlingen, Germany offers students the opportunity to obtain two degrees from two of the best business schools in the world. Designed for students interested in a challenging education that combines the study of German and business, the dual-degree program is the first of its kind at Indiana University Bloomington.
The IU/Maastricht University Extended Degree Program offers selected students the opportunity to obtain the Bachelor of Science in Business from Indiana University and the Master of International Business degree from Maastricht University, Maastricht, The Netherlands in a five-year program. Admission to the program is on a competitive basis during the junior year. This program is intended to prepare promising students for active participation in international business.
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Optional Arts and Sciences Minors
Students in the Kelley School of Business may elect to complete the requirements for a minor in College of Arts and Sciences course work through those departments offering approved minors. The department offering the minor will define the requirements for completing the minor. Students are required to follow departmental rules regarding grades, prerequisites, and course requirements. The minor will appear on the student's Indiana University transcript. No more than three minors may appear on the transcript.
Information concerning approved minors is available in the Academic Advising Office in the Kelley School of Business and in the College of Arts and Sciences Bulletin. Students should consult with an advisor in the department offering the minor.
Business students may also complete the requirements for a minor in kinesiology through the School of Health, Physical Education, and Recreation.
Return to Special Opportunities
Students pursuing a baccalaureate degree on the Bloomington campus in the College of Arts and Sciences; the School of Music; the School of Health, Physical Education, and Recreation; the School of Continuing Studies; or the School of Public and Environmental Affairs may obtain a minor in business by successfully fulfilling the following requirements:
IMPORTANT NOTE: The College of Arts and Sciences (COAS)limits the number of hours outside COAS that will count toward a degree. See the COAS Bulletin for details. Students who are unclear about requirements or minimum grades should check with the COAS recorder's office, Kirkwood Hall 001.
Students completing a business minor should fill out an Application for Minor form in the Recorder's Office of the school in which they intend to graduate to have the minor listed on their transcripts.
Students should meet with an advisor from their major department to ensure that program planning is accurate.
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Minor in Entrepreneurship and Small Business Management
This minor is intended for students (non-business majors) who have aspirations and goals in business that will require entrepreneurial skills. Such students might plan to open businesses of their own, or work for smaller and/or family-owned businesses. As an alternative to the more traditional minor in business, the minor in entrepreneurship and small business management will fulfill such students' educational needs while allowing them to pursue their career goals more directly. Students must complete the following requirements:
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Business Foundations Certificate Program
The Kelley School of Business offers a 30 credit hour certificate program in the fundamentals of business. All courses required in the Business Foundations Certificate Program are introductory and may be applied toward a four-year degree. Courses used to complete the Business Foundations Certificate may not be taken through correspondence.
Economics Requirements (6 cr.)
Foundation Course Requirements (9 cr.)
Business Foundations Electives (6 cr.)
Additional Electives (9 cr.)
The 9 credit hours needed to complete the 30 credit hour certificate program may be taken from any department on the Bloomington campus. However, remedial and correspondence courses will not count.
In addition to satisfying course requirements, candidates for the business foundations certificate must meet the following criteria:
Students considering admission for a second bachelor's degree are advised to investigate opportunities for graduate work or other skill-oriented offerings. Few students are admitted for the purpose of completing a second undergraduate degree. Only students with strong academic credentials should consider the second bachelor's degree as an option. Candidates who qualify and are admitted for a second degree will be exempted from requirements that have already been completed in their first degrees.
Students who have already earned a bachelor's degree in business are not eligible to earn a second business degree, regardless of their credentials. Students who have completed a Kelley School of Business bachelor's degree may register through the School of Continuing Studies to gain skills in another concentration, but cannot be certified for a business degree a second time.
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