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 Kelley School of Business 2004-2006 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 in the Kelley School of Business are responsible for understanding and for meeting the degree requirements. 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-W 131 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 (6-7 credit hours)
MATH-M 118 Finite Mathematics (3 cr.)4
(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 alternatives—the distribution option or a field specialization—to complete the 27 credit hour 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.
Honors College Return to General-Education Component
I. Fundamentals
All courses must be completed with a C or higher.
BUS-Z 302 Managing and Behavior in Organizations (3 cr.)
BUS-X 420 Business Career Planning and Placement (2 cr.)
IV. Integrative Core (12 cr.): (must be completed with a C or higher)
BUS-F 370 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
Major requirements are subject to change during the two years covered by this bulletin. It is the student's responsibility to stay informed of majors changes by seeing a business academic advisor on a regular basis.
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 Undergraduate Career Services Office can provide further information about internships. The Kelley School of Business Undergraduate Program 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 credit 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.
Major Requirements
Systems and Accounting Graduate Programs
The M.P.A. is a one-year graduate accounting degree open to qualified individuals who have completed a bachelor's degree from Indiana University or another accredited college or university, regardless of academic discipline. Students with an undergraduate degree in accounting can expect to complete graduation requirements in one academic year, while students without an accounting background are expected to complete basic business foundation course work prior to the start of fall classes. An Intensive Summer Session is provided, during which those prerequisites can be taken at IU. Work experience is not required. M.P.A. students develop valuable advanced financial skills in a technical accounting curriculum while gaining "real-world" experience in a team-based, corporate-sponsored consulting project. Students specialize in either assurance and risk management or taxation.
For more information, contact the Systems and Accounting Graduate Programs office in Suite 2000, on the bridge connecting the two business buildings. Visit the Web site sagp.kelley.indiana.edu or e-mail sagp@indiana.edu.
Return to Department of Accounting
Department of Computer Information Systems
The Bachelor of Science (B.S.) in computer information systems (CIS) 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 majors 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 major in computer information systems must take eight business courses. These include S 308: Business Application Development; S 305: Business Telecommunications; S 307: Data Management; S 310: Systems Analysis and Design; and two to four 400 level courses from S 400, S 410, S 428, S 430, or S 433. If choosing only two CIS electives, two additional upper level business electives must be selected from one other business department. Students are encouraged to pursue a CIS/Business Process Management or CIS/Business Process Management/Operations Management combination. 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.
Major Requirements Business Information Systems
Major Requirements Return to Department of Computer 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 majors in business economics and public policy provide 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 majors are 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 major 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.
Major 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.
Major Requirements Return to Department of Business Economics and Public Policy
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.
Major Requirements Return to Department of Business Law
Finance Track The finance major prepares students for a broad range of careers. Within the finance major 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 major take the "Finance Core," which consists of two courses: F 303: Intermediate Investments and F 305: 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 major 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 track prepares students for careers in finance, including positions in five subfields: (1) Corporate finance positions, such as financial analyst or treasurer, (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 U.S. or working in finance in the U.S. arm of a multinational corporation, (5) Entrepreneurial finance positions, such as venture capitalist or small business finance.
The finance electives are organized by the same subfields. Corporate finance electives are: F 307, F 402, and F 408. Investment electives are: F 335, F 420, and F 421. Banking electives are: F 446 and G 345. The international finance elective is F 494. The entrepreneurial finance elective is F 317. An additional option is the introductory real estate course R 305. Detailed one-page course descriptions are available at www.kelley.iu.edu/finance.
Major Requirements
Elective Hours: Twelve (12) credit hours with at least 6 credit hours at the 400-level from the following: BUS-F 307, F 317, F 335, F 390, F 402, F 408, F 420, F 421, F 446, F 470, F 494, G 345, R 305.
Permitted Substitutions:
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 (R 305), appraisal methods (R 440), and the decision-making process for acquiring, financing, and managing income-producing properties (R 443). 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.
Major Requirements
Elective Hours: Three (3) credit hours from: A 327, A 329, A 420, F 307, F 317, F 335, F 402, F 408, F 420, F 421, F 446, F 494, L 409. Note: A minimum GPA of 2.0 or higher is required on average over all finance major courses. No credit will be given for BUS-A 310 if taken after or concurrently with BUS-A 311. 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 management. The department offers majors 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 major. This major focuses on the special skills and knowledge needed by entrepreneurs and managers of small and medium-sized firms.
Major Requirements
Return to Department of Management International Business Co-Major U.S. business firms have progressed far beyond the comparatively simple stage of import-export operations in response to new and dynamic patterns of international business. Many companies are becoming multinational, with productions units in numerous foreign countries. Many foreign entities also operate in the United States. For these reasons, private enterprise in the U.S. has become more intimately concerned not only with international business but also with the underlying economic, political, and social trends of foreign nations. The multi-disciplinary International Business co-major focuses on these developments.
Major Requirements Return to Department of Management 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 major 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 major 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.
Major Requirements
Return to Department of Management
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.
Major Requirements
Junior and Senior Years: Three courses from BUS-M 330, M 401, M 402, M 405, M 407, M 415, M 419, M 426, and M 429. Senior Year: BUS-M 450. Return to Department of Marketing Department of Operations and Decision Technologies Business Process ManagementBusiness 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 major. Major Requirements Sophomore, Junior, and Senior Years: BUS-K 317; one of the following: BUS-S 308, K 217 or CSCI-A 201; and three of the following: BUS-P 310, K 410, P 421, P 429, and K 311. Required Set of Electives: Two courses from ONE of three sets: Computer Technology: CSCI-A 202, A 306, BUS-S 305, S 307, S 308, S 310, S 400 and K 490 Production/Operations Management 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 major 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. Major Requirements Return to Department of Operations and Decision Technologies
Honors Program Mitte Undergraduate Honors Program The Kelley School of Business Mitte Undergraduate Honors Program is a highly selective academic experience that provides students with increased challenges 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 15 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 students must complete either a supervised independent research project (BUS-X 496), or they may enroll in one of two senior level leadership seminars (BUS-X 493 or BUS-W 494). 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. Topics taught in BUS-X 493 and BUS-W 494 are chosen each semester by faculty and can include leadership, globalization, negotiation, and professionalism. Each course requires a significant writing component and a presentation of the work. 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. Return to Special Opportunities The Kelley School of Business offers students the opportunity to discover the culture of a different country through a fall, spring, or summer 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. Several of the programs include internships. Qualified students may participate in the following programs:
Semester
Summer 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 and ECON E 202 are prerequisites 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 business majors. 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. 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 a variety of other minors, including kinesiology, human sexuality, applied health science, tourism management, or dance through the School of Health, Physical Education, and Recreation. Further, they can pursue minors 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 (courses may not be taken through independent study):
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. Return to Special Opportunities Minor in Entrepreneurship and Small Business Management This 21 credit 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 (courses may not be taken through correspondence; all 300- to 400-level courses must be taken on the Bloomington campus):
Return to Special Opportunities 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 major, but cannot be certified for a business degree a second time. Return to Special Opportunities
1 For accreditation purposes, the Kelley School of Business is prohibited from allowing business or economics courses to count in the general-education component. Some exceptions apply. See a business advisor. 2 The following substitutions have been approved for ENG-W 131 (3 cr.): AFRO-A 141-A 142 (4-4 cr.); ENG-L 141-L 142 (4-4 cr.); ENG-W 110 (3 cr.); ENG-W 170 (3 cr.); or two semesters of ENG-W 143 (1-1 cr.) combined with any two of the following courses: CMLT-C 145 (3 cr.), CMLT-C 146 (3 cr.), SLAV-R 145 (3 cr.), SLAV-R 146 (3 cr.). When two-course sequences are listed, both must be taken to fulfill the requirement. Credit is not given for both AFRO-A 141 and ENG-L 141, or for both AFRO-A 142 and ENG-L 142. Credit is not given for both ENG-W 110 and ENG-W 131, or for both ENG-W 110 and ENG-W 143. 3 CMCL-C 130, C 223 and Bus-X 104, and X 305 may be substituted for CMCL-C 121. 4 Approved substitutions for this course are MATH D116 (3 cr.) and D117 (3 cr.) (both courses are required to meet the requirement), MATH-S 118 (3 cr.), MATH-M 370 (3 cr.), MATH-M 303 (3 cr.), MATH-M 360 (3 cr.), or MATH-S 303 (3 cr.). 5 Approved substitutions for this course are MATH M213 (4 cr.), or COAS J113 (3 cr.). 6 Excluding economics course work. 7 Students may only count computer courses from other schools for their business degree if they have obtained prior approval from a Kelley School of Business academic advisor or the Petitions Committee. 8 May be selected as a second major only. 9 Students must receive approval from the Department of Business Law to count a course on law and public policy not listed here as the additional course. 10 College of Arts and Sciences computer science majors may substitute CSCI-C 211 for BUS-K 201. 11 These courses must be taken on the Bloomington campus. 12 School of Journalism majors must consult a journalism advisor for second Major Requirements. 13 BUS-A 100 and A 201 or A 100 and A 202 may be substituted for A 200. 14 No substitutions allowed. Grade of C or higher is required. | ||||||||
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