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The following areas are available:
International Business General Degree Requirements Finance Web Page: http://www.umsl.edu/business/faculty/finance/finance.html Finance is a multidisciplinary field that combines various concepts from management, economics, and accounting with financial techniques to make sound business decisions and solve problems. There are many business situations in both large and small companies that require knowledge of the latest financial practices and tools. Generally, these applications involve investing (using funds) or financing (raising funds). As a result, the field is composed of a number of areas, including corporate finance, investments, financial institutions and services (banking, insurance, real estate), and personal financial planning. Undergraduate Program Philosophy Over the last two decades, the field of finance has become increasingly technical and specialized. Employers recruiting for financial positions not only require candidates to have an undergraduate or graduate degree in finance, but they also want new employees to exhibit skills and experience beyond those typically found in a traditional academic environment. As a result, professional licensing or certification has become one of the most widely recognized means of demonstrating core competency. Consequently, the finance program at UMSt. Louis carefully integrates finance tracks into the curriculum to enable students to complete their academic degrees while at the same time providing the indepth knowledge necessary for taking professional certification exams. The program is designed to accelerate professional development and provide students with superior credentials to qualify them for skilled positions in a highly competitive job market. Details for each of the tracks are discussed below. Finance Core To earn an emphasis in finance in the B.S.B.A. degree program, all students must successfully complete a minimum of 15 credit hours of finance electives beyond the business core course of Financial Management, BA 204. In addition, students with a desire to earn one or more professional certifications in specialized areas will need to take additional course work to satisfy the knowledge requirements of a particular track as detailed below. It should be noted that the course listing under each track is the recommended curriculum to obtain sufficient command of the topics under the specialization. Students deviating from the suggested program of study must assume responsibility for completing any gaps in their backgrounds on their own prior to sitting for any professional exams. General Finance Emphasis For students who desire to obtain a general knowledge of finance or custom tailor their own individual program, this option allows students to take any of the finance course electives in any sequence. With this maximum flexibility, students can explore the many different areas within finance before deciding upon which career path they may want to embark. As stated above, for a B.S.B.A. degree with an emphasis in finance, recipients must take a minimum of 15 credit hours selected from the following courses: Business Administration 207 Practicum in Investments 295 Business Administration Problems 296 Independent Study 327 Practicum in Finance 328 Estate Planning and Trust 332 Principles of Insurance 333 Life Insurance 334 Investments 335 Financial Risk Management 336 Treasury Management 337 Principles of Real Estate 338 Practices of Personal Financial Planning 339 Retirement Planning and Employee Benefits 350 Financial Policies 351 Computer Applications in Finance 355 Financial Services Industry and Instruments 356 Commercial Bank Management 380 International Finance 395 Business Administration Seminar: Topic: Property and Liability Insurance Track Certification All students completing one of the specialized tracks at UMSt. Louis will receive a certificate of completion for that track. This document will be in addition to the degree the student receives and is intended to provide additional evidence of attaining a specific body of knowledge. To receive the certificate, students must fill out an application for certification in their last semester. The application can be obtained from the office of undergraduate academic advising in the School of Business Administration Corporate Finance Track The corporate finance track trains students to make business financial decisions to maximize the value of the firm. In addition to raising and investing capital, firm managers must deal with a number of stakeholders, including stockholders, lenders, customers, and regulators. While the major focus is on the financial problems of large corporations, many of the analytical tools and techniques also apply to small business enterprises. Students completing BA 336, Treasury Management, are eligible under a special agreement with the Treasury Management Association to sit for the Certified Cash Manager exam. After completion of two years of related experience, the CCM designation qualifies students to work in the treasury departments of many leading companies or service providers like banks. Recommended courses include: Business Administration 334 Investments 335 Financial Risk Management 336 Treasury Management 340A Financial Accounting and Reporting I 340B Financial Accounting and Reporting II 350 Financial Policies 351 Computer Applications in Finance 355 Financial Services Industry and Instruments 380 International Finance Financial Institutions and Services Track Financial institutions design and deliver financial services to businesses, government, and individuals. It is also one of the fastest growing segments of the economy. This track is intended for students with a desire to work in a bank, insurance company, real estate firm, or other service provider. Beginning career opportunities include becoming a loan officer for a bank, a securities broker, a mortgage broker, or a property manager. Additionally, the Principles of Real Estate course, BA 337, provides students with the educational foundation to sit for the Missouri Real Estate Salespersons' Exam to become licensed to sell residential property under the direction of a broker. Recommended courses include: Business Administration 332 Principles of Insurance 334 Investments 337 Principles of Real Estate 351 Computer Applications in Finance 355 Financial Services Industry and Instruments 356 Commercial Bank Management Investment and Portfolio Management Track There are billions of dollars flowing into retirement plans and mutual funds each year. These monies are invested in security markets around the world to provide the owners with the best returns available for a given level of risk. Professional portfolio managers have the responsibility of meeting investor goals while subject to rapidly changing market conditions. This path of study is intended to prepare students for a challenging career in money management. The program provides students with the critical knowledge to sit for the Chartered Financial Analyst (CFA) exam. This professional designation is highly regarded by the investment industry and requires the passing of a series of three exams. Students must also gain three years of related work experience before being certified. Recommended courses include: Business Administration 207 Practicum in Investments 334 Investments 335 Financial Risk Management 340A Financial Accounting and Reporting I 340B Financial Accounting and Reporting II 351 Computer Applications in Finance 355 Financial Services Industry and Instruments 380 International Finance CFA Review Courses (one for each level) are noncredit and available through Continuing Education .Financial Planning Track The Financial Planning Track is designed to prepare students to counsel individuals on personal financial matters that impact the family. This curriculum is a registered program with the Certified Financial Planner Board of Standards Inc., enabling students who successfully complete it to sit for their certification examination. UMSt. Louis does not award the CFP® and CERTIFIED FINANCIAL PLANNER® designations. The right to use these marks is granted by the CFP Board to those persons who have met its rigorous educational standards, passed the CFP Certification Examination, satisfied a work experience requirement, and agreed to the CFP Board Code of Ethics and Professional Responsibility. Only persons registered with the CFP Board are permitted to sit for the CFP Certification Examination. CFP certificates and licenses are issued only by the CFP Board. The registered curriculum includes: Business Administration 327 Practicum in Finance 328 Estate Planning and Trust 332 Principles of Insurance 334 Investments 337 Principles of Real Estate 338 Practice of Personal Financial Planning 339 Retirement Planning and Employee Benefits 347 Income Taxes 351 Computer Applications in Finance Comprehensive CFP Exam Review (noncredit) is available through Continuing Education. Students who plan to sit for the CFP exam are strongly urged to include BA 338, BA 332, BA 334, BA 347, BA 328, and BA 339 in their course work. Insurance Track This track is intended for the development of professionals for all aspects of the insurance industry. Insurance plays a special role in risk management for individuals and businesses. Areas emphasized include life and property/casualty risk exposures and the administration of pension and employee benefit plans. Students are prepared for careers as analytical staff members of major insurance companies, consultants, insurance agents or brokers, employee benefit specialists, and risk managers. The program is a cooperative partnership with the insurance industry, including the American College in Bryn Mawr, Pennsylvania, and the local chapter of the American Society. By special arrangement, students are entitled to apply three approved UMSt. Louis courses toward professional certification without further examination, provided the courses are passed with a C grade or higher. The professional certifications include the widely recognized Chartered Life Underwriter and the Chartered Financial Consultant. Transfer of these courses to the American College for certification does not require any additional tuition but only a onetime registration fee. Further courses can be used to satisfy the knowledge content for certification but will necessitate the taking of a standard national exam required of all candidates on the material. Both the CLU and ChFC require the passing of 10 courses, not all of which are offered by UMSt. Louis but are available through the American College. In the future, it may also be possible to take actuarial courses offered in the Department of Mathematics as part of this track. Recommended courses include: Business Administration 328 Estate Planning and Trusts 332 Principles of Insurance 333 Life Insurance 334 Investments 338 Practice of Personal Financial Planning 339 Retirement Planning and Employee Benefits 347 Income Taxes 351 Computer Applications in Finance 395 Business Administration Seminar; topic: Property and Liability Insurance International Business Students wishing to pursue an emphasis in international business (IB) must satisfy the university's general education requirements, the cultural diversity requirement, the School of Business Administration core course requirements, and the following international business emphasis area requirements: Twelve hoursfour coursesfrom the following international business courses with no more than one independent study course in the 12 hours: Business Administration 316 International Marketing 317 International Management 380 International Finance 395 Business Administration Seminar (topics which are determined to be relevant) 396 Internship in International Business (no more than three hours may count toward the IB emphasis) 295 Business Administration Problems 296 Independent Study Foreign language proficiency equivalent to 13 hours in one foreign language of international commerce must be demonstrated. Transfer students must pass the UMSt. Louis foreign language proficiency exam. Languages of international commerce are determined by the School of Business Administration Students are encouraged to spend at least one semester in an exchange program offered through the university and approved by the School of Business Administration. Logistics and Operations Management Web Page: http://www.umsl.edu/business/ms/mslom.html The mission of logistics and operations management is to get the appropriate goods or services to the right place, at the right time, in the right quality and quantity, while making the greatest contribution to the organization. In a business environment, logistics and operations management encompasses the design, implementation, and management of systems for efficient deployment of personnel, physical facilities, rawmaterials, inprocess inventories, finished goods, and related information or services. Logistics and operations management covers the whole supply chain, from the point or origin to the point of consumption. Logistics and operations management analysts must be proficient in the use of quantitative models and computers and communicate effectively. For an emphasis in logistics and operations management a student must complete at least four courses, 12 hours from the following: Business Administration 306 Decision Support Systems 308A, B, C, or D Production and Operations Management 329 Business Forecasting 330 Quality Assurance in Business 331 Multivariate Analysis 375 Operations Research 385 Operations Research II 295/395 Business Administration Problems/Seminars 296 Independent Study *CS 125 Introduction to Computer Science *224 Managerial Applications of ObjectOriented Programming I *307 EndUser Computing for Business Applications 295, 296, and 395 are restricted to those courses offered and approved by the area faculty . *No more than one of these programming courses may be counted toward the emphasis area. Management and Organizational Behavior Web Page: http://www.umsl.edu/business/mob.html The study of management and organizational behavior focuses on the behavior of individuals and groups in an organizational setting. The business environment today demands graduates with skills who can effectively make decisions involving working with and leading people. The management and organizational behavior emphasis stresses the qualitative approaches to business. The major areas of focus are the theory and functions of management, the management of human resources, the development of strategic policies in an organization, organizational design and conflict resolution, entrepreneurship, and international management. In covering these topics, both classic and current perspectives are provided. To earn the emphasis designation in management and organizational behavior a student must complete four courses, 12 hours to include BA 311, Advanced Management and Organizational Behavior, plus three additional courses selected from: Business Administration 309 Human Resource Management 312 Industrial and Labor Relations 317 International Management 318 Industrial and Organizational Psychology This course is crosslisted as Psych 318) 319 Employee Training and Development 392 Entrepreneurship/Small Business Management 295/395 Business Administration Problems/Seminars 296 Independent Study 295, 296 and 395 are restricted to those courses offered and approved by the area faculty. Marketing Web Page: http://www.umsl.edu/business/mktg.html Marketing is an important part of any business or organization and can enhance growth, increase profits, and help achieve the organization's goals. Furthermore, marketing plays an important role in our society by enhancing our quality of life. Equally important, marketing offers varied and interesting career opportunities. Marketing involves the activities needed to facilitate an exchange. This covers selling products, services, or ideas to both consumers and business buyers. Many nonprofit institutions are now enthusiastic users of marketing concepts; thus marketing majors find such untraditional areas as hospitals, churches, museums, universities, and retirement homes often offer excellent entry-level opportunities, in addition to such traditional firms as manufacturing and retailing concerns. For an emphasis in marketing, a student must complete at least four courses, 12 hours, selected from: Business Administration 270 Management of Promotion 275 Marketing Research 301 Consumer Behavior 302 Quantitative Marketing Methods 303 BusinesstoBusiness Marketing 315 Marketing Management 316 International Marketing 295/395 Business Administration Problems/Seminars 296 Independent Study 295, 296 and 395 are restricted to those courses offered and approved by the area faculty. B.S. in Accounting Web Page: http://www.umsl.edu/business/accounting/acctg.html Accounting focuses on analyzing and measuring business activity, processing that data into reports, and communicating the information to decision makers. The successful accounting professional needs to acquire the education and skills necessary to fulfill these roles in whatever area of accounting he or she enters. Excellent skills in mathematics are necessary to analyze the quantitative, financial, and operating data that decision makers use in marketing, finance, personnel administration, and other business activities. Because accounting is part of an information system, the ability to communicate financial results to managers, clients, and others who need the information is a vitally important skill for professional accountants. Mission: The accounting area of the University of MissouriSt. Louis endeavors to prepare highpotential students of diverse backgrounds to succeed in accounting careers, either through a bachelor's or master's degree program. It seeks to provide these students with the means to deal with the challenges confronting the accounting profession and to contribute to their solutions. The faculty strives to further the practice and understanding of accounting through its teaching, research, and service to the profession. Effective in November 1995, the accounting degree programs at UMSt. Louis were separately accredited by the AACSB. This unique accreditation is not currently shared by any other St. Louis college or university. For the B.S.A. degree a student must complete at least seven business courses (21 hours) beyond required business core courses. These seven courses include: Business Administration 340A Financial Accounting and Reporting I 340B Financial Accounting and Reporting II 345 Cost Accounting 347 Income Taxes 348 Auditing In addition to the five courses above, either Business Administration 215: Information Systems Analysis; or 344: Computer Applications in Accounting, must be completed; a minimum of one business course must be selected from the following: 341 Financial Accounting and Reporting III 342 Financial Accounting and Reporting IV 343 Accounting for Governmental and Nonprofit Entities 349 Business Income Taxation 295/395 Business Administration Problems/Seminars 295 and 395 are restricted to those courses offered and approved by the area faculty. Two additional courses ( 6 hours) must be successfully completed to earn the B.S.A. degree: One course selected from Comm 30: Interpersonal Communication I; or Comm 40: Introduction to Public Speaking; or BA 205: Contemporary Business Communication. One course selected from: Philosophy 30 Approaches to Ethics; or 154 Business Ethics B.S. in Management Information Systems (BSMIS) Web Page: http://www.umsl.edu/business/mis/mis.html Management information systems are key building blocks of modern organizations. These systems play a crucial role in managing and organizing work. They provide inputs to managers fro strategic and operational decision making. They also help organize and streamline processes to improve productivity and reduce cycle times. Thus, M.I.S. plays a crucial role in enhancing the competitive position of an organization. M.I.S. professionals play a vital role in reengineering organizations for competing in the interconnected global markets of today. An M.I.S. professional needs to acquire functional knowledge in different areas of business and an overall perspective on the objectives and mission of the organization. M.I.S. professionals need to develop strong communication and analytical skills to understand and design business processes and systems. A wide variety of technical and organizational skills are needed to effectively utilize the current information and communications technologies in developing business solutions. Some of the specific skills include systems analysis and design, database management, programming languages, telecommunication, decision support systems, and management of systems. Organizational skills are also very important for M.I.S. professionals in implementing systems and the changes associated with the new systems. Mission: The M.I.S. area in the School of Business Administration endeavors to prepare high-potential students of diverse backgrounds for successful careers in the M.I.S. profession. Careers in M.I.S. may include programming, systems analysis and design, database administration, end user support, network administration, and management consulting. It seeks to provide students with the skills to deal with the challenges confronting the M.I.S. profession and to contribute to their solutions. The faculty strives to further the practice and understanding of MIS through its teaching, research, and service to the profession. Facilities at the school, such as high-tech case rooms, advanced computer labs, latest software tools, and infrastructure, help students understand and practice the latest in information systems technology. For the B.S.M.I.S. degree a student must complete at least seven courses (21 hours) beyond required business core courses as specified below. 1. A student must complete 5 courses (15 hours) a) Programming/File Structure Requirement (6 hours in either Track 1 or Track 2) TRACK 1 Business Administration 109 COBOL Programming and209 File Management TRACK 2 Business Administration 224 Managerial Applications of ObjectOriented Programming I and 225 Managerial Applications of ObjectOriented Programming II b) Analysis and Design Requirement (6 hours) Business Administration 215 Information Systems Analysis 310 Information Systems Design c) Database Requirement (3 hours) 212 Database Management Systems 2. A student must complete two courses from the following to include at least one Business Administration course at the 300level (6 hours): Business Administration 109 COBOL Programming (if not used to fulfill requirements in 1 a) 209 File Management (if not used to fulfill requirements in 1 a) 224 Managerial Applications of ObjectOriented Programming I (if not used to fulfill requirements in 1a) 225 Managerial Applications of ObjectOriented Programming II (if not used to fulfill requirements in 1a) 304 The Management of Information Systems 305 Management of Telecommunications 306 Decision Support Systems 307 EndUser Computing for Business Applications 344 Computer Applications in Accounting CS 240 Computer Hardware and Small Computer Systems I CS 241 Computer Hardware and Small Computer Systems II CS 332 Artificial Intelligence CS 376 Operating Systems 295/395 Business Administration Problems/Seminars 296 Independent Study 295, 296 and 395 are restricted to those courses offered and approved by the area faculty Minors in Business Administration Students earning a degree outside the School of Business may earn any of the minors listed below. Students earning a B.S.B.A. degree may, in addition to their emphasis(es) area(s), also earn a minor in accounting or M.I.S.; students earning a B.S. degree in accounting or M.I.S. may earn a minor in any field outside their major, but not in general business. Students earning a degree outside the School of Business may, for some courses, satisfy course prerequisite requirements using courses other than those listed in the course descriptions. Students should check with the individual areas regarding alternative prerequisites. These alternative prerequisites apply only to students not earning degrees within the School of Business Minor in General BusinessThis minor is available only to students not seeking the B.S.B.A., B.S.A. or B.S.M.I..S. degrees. Students must successfully complete five of the following courses: Business Administration 103 Computers and Information Systems 140 Fundamentals of Financial Accounting 156 Legal Environment of Business 204 Financial Management 206 Basic Marketing 210 Management and Organizational Behavior 252 Introduction to Operations Management See additional requirements for minors, below. Minor in Accounting This minor is available to all but B.S.A. students. Students must successfully complete: Business Administration 140 Fundamentals of Financial Accounting 145 Managerial Accounting and three of the following courses: Business Administration 340A Financial Accounting and Reporting I 340B Financial Accounting and Reporting II 341 Financial Accounting and Reporting III 342 Financial Accounting and Reporting IV 343 Accounting for Governmental and Nonprofit Entities 344 Computer Applications in Accounting 345 Cost Accounting 347 Income Taxes 348 Auditing 349 Business Income Taxation 295/395 Business Administration Problems/Seminars 295 and 395 are restricted to those courses offered and approved by the area faculty Minor in Finance This minor is available to all but B.S.B.A. students. Students must successfully complete: Business Administration 204 Financial Management and four of the following courses: Business Administration 207 Practicum in Investments 327 Practicum in Finance 328 Estate planning and Trust 332 Principles of Insurance 333 Life Insurance 334 Investments 335 Financial Risk Management 336 Treasury Management 337 Principles of Real Estate 338 Practices of Personal Financial Planning 339 Retirement Planning and Employee Benefits 350 Financial Policies 351 Computer Applications in Finance 355 Financial Services Industry and Instruments 356 Commercial Bank Management 380 International Finance 295/395 Business Administration Problems/Seminars 296 Independent Study 295, 296, 395 are restricted to those courses offered and approved by the area faculty. Minor in Logistics and Operations Management This minor is available to all but BSBA students. Students must successfully complete: Business Administration 252 Introduction to Operations Management and four of the following courses: Business Administration 306 Decision Support Systems 308 A,B,C, or D Production and Operations Management 329 Business Forecasting 330 Quality Assurance in Business 375 Operations Research 385 Operations Research II 295/395 Business Administration Problems/Seminars 296 Independent Study CS125 Introduction to Computer Science* 224 Managerial Applications of Object-Oriented Programming I* 307 End-User Computing for Business Applications* 295, 296, and 395 are restricted to those courses offered and approved by the area faculty. *No more than one of these programming courses may be counted toward the minor. Minor in Management and Organizational Behavior This minor is available to all but B.S.B.A. students. Students must successfully complete: Business Administration 210 Management and Organizational Behavior 311 Advanced Management and Organizational Behavior and three of the following courses: Business Administration 309 Human Resource Management 312 Industrial and Labor Relations 317 International Management 318 Industrial and Organizational Psychology (same as Psych 318) 319 Employee Training and Development 392 Entrepreneurship 295/395 Business Administration Problems/Seminars 296 Independent Study 295, 296, and 395 are restricted to those courses offered and approved by the area faculty Minor in Management Information Systems This minor is available to all but B.S.M.I.S. students. Students must successfully complete: Business Administration 103 Computers and Information Systems and one of the following programming courses: Business Administration 109 COBOL Programming 224 Managerial Applications of Object-Oriented Programming I and three of the following elective courses (at least one of the three courses must be 212, 215, or a 300-level course): Business Administration 109 COBOL Programming* 209 File Management 224 Managerial Applications of Object-Oriented Programming I* 225 Managerial Applications of Object-Oriented Programming II* 212 Database Management Systems 215 Information Systems Analysis 304 The Management of Information Systems 305 Management of Telecommunications 306 Decision Support Systems 307 End-User Computing for Business Applications 310 Information Systems Design 295/395 Business Administration Problems/Seminars 296 Independent Study 295, 296, and 395 are restricted to those courses offered and approved by the area faculty. *May be used if it was not used to satisfy the preceding programming course requirement. Minor in Marketing This minor is available to all but B.S.B.A. students. Students must successfully complete: Business Administration 206 Basic Marketing and four of the following courses: Business Administration 270 Management of Promotion 275 Marketing Research 301 Consumer Behavior 302 Quantitative Marketing Methods 303 Business-to-Business Marketing 315 Marketing Management 316 International Marketing 295/395 Business Administration Problems/Seminars 295, 296, and 395 are restricted to those courses offered and approved by the area faculty. Additional Requirements for Minors In addition to completing the above courses, the following requirements for minors in the School of Business Administration must be met: 1) A student earning a minor in general business may not take more than 30 hours of business courses within the 120 required for a degree. 2) A student must earn a grade point average of 2.0 or better, and must earn a C- or better, in all courses included in the minor. 3) No course taken on a satisfactory/unsatisfactory basis may be applied toward fulfilling the minor requirements. 4) At least 9 credit hours of the courses required for the minor must be taken in residence at UM-St. Louis. 5) A minor is not conferred without completion of a UM-St. Louis baccalaureate degree. 6) Minors may be completed for up to two years following conferral of the baccalaureate degree. All work towards a minor following conferral of the baccalaureate must be completed in residence at UM-St. Louis Minor in Employee Training and Development The School of Business Administration and the Evening College offer a minor in employee training and development. Information on this minor can be found in the Evening College section of this book. Cooperative Education and Internship Programs Cooperative education and internship programs are available for students seeking career-related employment while enrolled in school. These programs afford business students an opportunity to gain practical experience and earn a substantial income. Co-ops and internships are administered through Career Services, 308 Woods Hall. International Business Certificate Students who participate in the Missouri-London Program (take courses and work for one semester in London) or other study-abroad programs may apply that experience toward an International business certificate. Details may be found in the Interdisciplinary Studies section of the Bulletin. |