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Kelley School of Business 2002-2004 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 Component
(62 credit hours)
Kelley School of Business majors must complete at least 62 credit hours outside of business and economics course work.1
I. Communications (8-9 credit hours)
I. Communications (8-9 credit hours)
ENG W131 Elementary Composition or an approved English composition option (2-3 cr.)2
(A minimum grade of C is required in all courses taken to fulfill the communications requirement.)
Return to General-Education Component
II. Mathematics (6 credit hours)
MATH M118 Finite Mathematics (3 cr.)1
(A minimum grade of C is required in all courses used to fulfill the mathematics requirement.)
Return to General-Education Component
III. International Dimension (6 credit hours)
The international dimension requirement may be fulfilled in any one of the following four ways.
Return to General-Education Component
Students may choose ONE of two alternativesthe distribution option or a field specializationto complete the 27-hr core.
Distribution Option
Field Specialization Option Return to General-Education Component
Students may choose courses from throughout the university, excluding Kelley School of Business and Department of Economics courses, to complete the 62 credit hour general-education component. The number of credit hours each student will take for this will depend on how other categories of the general-education component are met.
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 the distribution option, 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 distribution option or field specialization requirements.
COAS Topics Courses
Students may apply one COAS topics course per area to the distribution option or field specialization requirements. Additional topics courses taken will be counted as supplemental hours.
COAS Honors Return to General-Education Component
I. Fundamentals
All courses must be completed with a C or higher.
BUS Z302 Managing and Behavior in Organizations (3 cr.)
BUS X420 Business Career Planning and Placement (2 cr.)
IV. Integrative Core (12 cr.): (must be completed with a C or higher)
BUS F370 Financial Management (3 cr.)
In addition to fulfilling the general-education component and the business component 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
Please see a business academic advisor for current minimum grade requirements.
Department of Accounting and Information Systems
Accounting
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 structuredmost of the courses must be taken in a certain orderinterested 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 graduate 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 Department of Accounting and Information Systems
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 Computing Using COBOL, or S215 Business Computing Using C and C++; S302 Management Information Systems; S305 Business Telecommunications; S307 Data Management; S310 Systems Analysis and Design; and two 400-level courses, one chosen from S410, S415, or S420 and the second chosen from S405, S410, S415, S417, S420, S430, or S435. 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 Department of Accounting and Information Systems
Department of 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.
Economic Consulting Track
To be a successful management or economic consultant, one must master three types of skills: diagnostic (asking the right questions), analytical (being mathematical and logical), and communication (writing and speaking 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
Public Policy Analysis Track
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
Legal Studies
The business law department's course offerings acquaint students with what is probably the most important external factor affecting business decisions: the law. These courses provide an understanding of the nature, functions, and practical operation of the legal system. They also provide considerable information about the most important substantive legal rules restricting- and facilitating- business conduct. 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
The finance concentration prepares students for a broad range of careers. Within the finance concentration there are three tracks from which to choose: two finance tracks and a real estate track. 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 take the "Finance Core," which consists of two courses: F303 Intermediate Investments and F305 Intermediate Corporate Finance. The Finance Core provides a rigorous treatment of the core concepts of finance and develops spreadsheet skills in financial modeling. This core also provides a solid depth of knowledge and serves as a foundation for all of the 400-level finance electives. In addition, the finance concentration requires 6 credit hours of accounting courses. This lays a critical foundation in accounting that finance employers demand.
The finance electives provide a wide breadth of knowledge. These courses allow students to specialize in any of the subfields of finance: corporate finance, investments, banking, international finance, and entrepreneurial finance. Nearly all of these courses further develop spreadsheet skills in financial modeling.
The finance tracks prepare students for careers in finance, including positions in five subfields. (1) Corporate finance positions, such as financial analyst or working in the treasurer's office. (2) Investments positions, such as broker, security analyst, portfolio manager, or trader. (3) Banking positions, such as credit analyst, loan officer, or branch manager. (4) International finance positions, such as working in finance outside the US or working in finance in the US arm of a multinational corporation. (5) Entrepreneurial finance positions, such as venture capitalist or doing small business finance.
The finance electives are organized by the same subfields. Corporate finance electives are F307, F402, and F408. Investment electives are F335, F420, and F421. Banking electives are F446 and G345. The international finance elective is F494. The entrepreneurial finance elective is F317. Additional options include taking one course from a list of finance-oriented accounting courses or taking the introductory real estate course.
Concentration Requirements
Option 1:
Elective Hours: Twelve (12) credit hours with at least 6 credit hours at the 400-level from the following: BUS F307, F317, F335, F390, F402, F408, F420, F421, F446, F470, F494, G345, R305. Three credit hours may also be counted from the following: BUS A329 (3 cr.), A422 (3 cr.), A437 (3 cr.), or A327 (1.5 cr.) and A420 (1.5 cr.).
Note: The same course cannot count twice. Both BUS A327 and A329 cannot be counted. No credit will be given for BUS A310 if taken after or concurrently with BUS A311.
Option 2:
Elective Hours: Nine (9) credit hours, with at least three (3) credit hours at the 400-level, from: BUS F307, F317, F335, F390, F402, F408, F420, F421, F446, F470, F494, G345, R305.
Note: The same course cannot count twice. Both BUS A327 and A329 cannot be counted. No credit will be given for BUS A310 if taken after or concurrently with BUS A311.
Return to Department of Finance
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
Required Courses: A310, F303, F305, L408, R305, R440, R443
Elective Hours: Three (3) credit hours from: A327, A329, A420, F307, F317, F335, F402, F408, F420, F421, F446, F494, L409.
Note: The same course cannot count twice. Both A327 and A329 cannot be counted. No credit will be given for A310 if taken after or concurrently with A311. F408 is only open to Honors students and students who obtain authorization from the Finance Department.
Return to Department of Finance
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
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 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-sized firms.
Concentration Requirements
Junior and Senior Years: BUS A305 or F317, W211, W311, W406; one course from BUS Z402, Z404, Z440, and W405.
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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 studies program.
Students may elect two coursesBUS D301 and D302dealing with the general problems involved in international business, economics, and 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
International students admitted to the Kelley School of Business are not expected to fulfill the international dimension requirement. They may pursue the second concentration in international studies by completing 9 credit hours from the options listed above. If the foreign language option is selected, students must study a language other than their native language. If the overseas study program is selected, students must participate in an overseas study program that is not in their native country.
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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
Junior and Senior Years: BUS W430, Z404, Z440, and two of the following: Z402, Z442, and Z443 (Z302 is a prerequisite for all of these courses).
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Marketing
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, the Internet 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, and distribution. Students may pursue within the curriculum a modest degree of specialization in the area of their vocational interest.
Concentration Requirements
Junior Year: BUS M303, M340, M341, M342, and M343.
Junior and Senior Years: Three courses from BUS M401, M402, M405, M407, M411, M412, M415, M419, M426, M429, and M430.
Senior Year: BUS M450.
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MarketingDistribution 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, and 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
Junior Year: BUS M303, M342/M343.
Senior Year: BUS M411, M412, and two courses from BUS M401, M402, M407, M426, and M450.
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Department of Operations and Decision Technologies
Business Process Management
Business Process Management (BPM) majors will be able to interact with technology in significant ways to solve organizational problems. 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. BPM majors will learn to use SAP Enterprise Resource Planning software, as well as other software packages, to improve operations. 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 Courses: BUS K317; one of the following: BUS S205 and CSCI A201; and three of the following: BUS K217, K410, P421, P429, and P431.
Required Set of Electives: Two courses from ONE of three sets:
Financial Analysis: F303, F305, and F421
Materials Management: M303, M402, M407, M411, M412
Return to Department of Operations and Decision Technologies
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 in 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
Required Courses: BUS P320, P421, and P429.
Elective Hours: Six (6) credit hours from BUS A310, A311, A325, ECON E304, E315, BUS F305, F402, K217, K410, M303, M402, M407, M411, M412, S302, S305, S307, S310, and P490.
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Honors Program
The Kelley School of Business Honors Program is a highly selective academic experience that provides students with increased challenge and innovative learning experiences. The program emphasizes special curricula, independent research, leadership opportunities, and the 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 18 credit hours of freshmen/sophomore-level honors 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.
As a senior, honors student must complete either a supervised independent research project (BUS X496), or they may enroll in one of two senior level leadership seminars (BUS X493 or BUS W494). Choices for independent research include a traditional research paper, a business plan, or an industry analysis. The research will be supervised by a faculty member of the Kelley School of Business. BUS X493 topics offered in the fall include leadership, negotiation, globalization, packaging and professionalism. BUS W494 topics, offered in the spring, include leadership and globalization. Each course requires a significant writing component.
Students are also required either to undertake 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, and Barcelona and Seville, Spain where some classes will be taught in Spanish, and Rouen, France, where some classes will be taught in French, and Reutlingen, Germany where some classes will be taught in German.) 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 Universität Erlangen-Nürnberg at Nürnberg. Qualified business students spend approximately 10 to 12 weeks in Germany. Qualified students may also spend 8 to 10 weeks, beginning in the middle of May, in an internship program in Slovenia 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.
Return to Special Opportunities
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 minors in kinesiology, human sexuality, applied health science, tourism management or dance through the School of Health, Physical Education, and Recreation and in the Schools of Journalism, Music, Informatics, and Public and Environmental Affairs.
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.
It is the student's responsibility to check with his or her individual school to make sure the proper procedures for declaring the minor and completing requirements are followed. 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 in order 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 (nonbusiness 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 (courses may not be taken through correspondence):
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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 and may not be taken pass/fail.
Economics Requirements (6 cr.)
Foundation Course Requirements (9 cr.)
Business Foundations Electives (6 cr.)
Additional Electives (9 cr.)
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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