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    Loyola Marymount University
   
 
  Oct 17, 2017
 
 
    
Loyola Marymount University Bulletin 2017-2018

College of Business Administration


Administration

Dean: Dennis W. Draper

Associate Deans: Reneé Florsheim (Undergraduate) and Bob Pettit (Graduate)

Directors: Yongsun Paik (Center for Asian Business); Lawrence P. Kalbers (Center for Accounting Ethics, Governance, and the Public Interest); David Choi (Fred Keisner Center for Entrepreneurship); Richard Stafford (Executive MBA Program)

Organization

The College is organized into four Departments, each led by a Chairperson.

Department of Accounting
Department of Finance and Computer Information Systems
Department of Management
Department of Marketing and Business Law

The College also operates four Centers, each led by a Director.

Center for Accounting Ethics, Governance, and the Public Interest 
Center for Asian Business
Center for Ethics and Business (related courses offered through the Departments) 
Fred Keisner Center for Entrepreneurship (related courses offered through the Departments)

Graduate Degree Programs

The College offers the Master of Business Administration in different formats. The part-time MBA addresses the educational demands of a person who recognizes the need to continue to build his or her career.

The Executive MBA (EMBA) is for the experienced business leader who aspires to executive-level responsibility.

The College also offers a Master of Science in Accounting.

Baccalaureate Degree Programs

The College offers three Baccalaureate Degrees:

A bachelor of Business Administration (B.B.A.) with majors in Applied Information Management Systems, Entrepreneurship, Finance, Management, and Marketing; a Bachelor of Science (B.S.) with a major in Applied Information Management Systems; and the Bachelor of Science in Accounting (B.S.A.).

Mission of the College of Business Administration

The College of Business Administration, as a community and an integral part of a premier Catholic university in the Jesuit and Marymount traditions, prepares men and women to lead and serve in their organizations and communities with competence, values, ethics, and stewardship. As teacher-scholars, our faculty pursues excellence in the learning process and conducts scholarship that enhances student learning and advances academic and business knowledge. We encourage our students and faculty to balance creativity with knowledgeable inquiry and sound reasoning to develop compelling approaches for advancing the interests of both industry and society, thereby improving the global community.

Core Values of the College of Business Administration

Commitment to Students: We care about our students and are committed to their success. Consistent with the education of the whole person, we view each individual and her/his development as important and worthy of the investment of our time and resources. We are also committed to our alumni as lifetime learners and as lifetime members of the CBA community.

Competence: We seek an uncompromising standard of excellence from our faculty, staff and students. Competence provides the underlying foundations enabling an individual to positively transform organizations and society. Competence includes technical skills, critical thinking, oral and written communications, and interpersonal skills.

Ethics and Stewardship: We dedicate ourselves to developing ethical leaders who visibly demonstrate affirmative values in their personal and professional endeavors. Ethical stewardship encompasses principled behavior and the tenets of corporate social responsibility, including attention to economic, social and environmental performance. We encourage personal and organizational integrity and responsibility, as expressed in concern for both the welfare of all stakeholders and the pursuit of long-term sustainability and economic value.

Community: We strive for an academic community that is diverse, inclusive and collaborative. We are committed to establishing and nurturing robust relationships based on trust, integrity, empathy and respect among members of the LMU community, and with organizations and individuals in local and global communities.

Intellectual Curiosity and Inquiry: We pursue a lifelong commitment to intellectual curiosity and inquiry in our students and faculty. Our faculty effectively demonstrates the value of these pursuits through scholarship that broadens and enriches the educational opportunities for our students, creates knowledge for the academic community, provides solutions for the business community and supports the public interest.

College of Business Administration Undergraduate Curriculum

The courses within the three undergraduate degree programs (Bachelor of Business Administration, Bachelor of Science [AIMS major], and Bachelor of Science in Accounting) are categorized in five groups:

B.B.A.   Semester Hours
A. University Core Curriculum   31 (minimum)
B. Pre-Business Requirements 11
C. Business Core 37
D. Major Requirements 15
E. Electives 26 (approximately)
    ____
Total:   Minimum=120

B.S. (AIMS Major) (see Department )

B.S. in Accounting   Semester Hours
A. University Core Curriculum   34 (minimum)
B. Pre-Business Requirements 10
C. Accounting Major Specific Core 31
D. Major Requirements 33
E. Electives 18 (approximately)
    ___
Total   Minimum=126

Special Note:

The purpose of the above listing is simply to indicate the overall structure of the three programs in business. The order in which the courses must be taken is governed in all cases by the contribution of each course to the overall system. The suggested sequence of courses is shown in the following curriculum sections of this Bulletin.

All Business students must earn a grade of C (2.0) or higher in the following courses: ACCT 2110 , ACCT 2120 ; BADM 1010 , BADM 1020 , BADM 1030 , BADM 1040 ; ECON 1050  (or ECON 1100  and ECON 1200 ), ECON 2300 ; and MATH 112  and MATH 120 , as these are prerequisites for other required business classes. Failure to earn a C in one of courses will prevent the student from taking those other required courses until the course has been repeated and an acceptable grade earned. If not done immediately, this can delay progress toward graduation.

Total Program

The B.B.A. and B.S. (AIMS major) degree programs require a minimum of 120 semester hours, and the B.S. in Accounting degree program requires a minimum of 126 semester hours for graduation, including the prescribed business administration core courses and those listed above. A minimum of 45 semester hours must be from upper division course offerings. Please note that completion of a program may require more than 120 (or 126) semester hours, depending upon the specific curriculum followed by the individual student. A student who has completed 120 (or 126) semester hours, but who has not met all of the specific requirements of the program(s) in which s/he is enrolled, is not eligible for graduation.

Transfer Credit

The College can accept only those business and pre-business courses which are reasonably equivalent and at the same level of instruction as courses offered by Loyola Marymount University. Lower division courses in business and economics that may be accepted in transfer include the equivalents of the following Loyola Marymount University courses:

The following policies apply to all work transferred to the College of Business Administration at Loyola Marymount University, whether from a two-year or a four-year school:

  • Students must obtain Transfer Course Approval prior to registration at other institutions.
  • Students may not enroll in classes, whether in person or online, offered at other institutions while enrolled at LMU.
  • A course that Loyola Marymount University offers at the junior or senior level (courses numbered 3000 or above), but was taken by a transfer student at the sophomore level at another school, cannot be accepted for credit. Such courses can be recognized only if a challenge exam is available and the student takes such an exam after admission to the College.
  • All transfer courses must be taken for a letter grade, and the student must receive a grade of C (2.0) or higher.
  • Upper division business courses may only be transferred from a four-year, AACSB-accredited institution.
  • Upper division Accounting classes may not be transferred to LMU.

Current LMU Students Interested in Transferring to the College of Business Administration

A change of major into any of the majors in the College of Business Administration requires an application process and acceptance into the major. Students who are undeclared or who are currently enrolled in another undergraduate major at LMU, but are interested in changing to one of the majors offered by the College of Business Administration are encouraged to apply during their first year at LMU. Students may apply to the College as sophomores, but should realize that this could delay the completion of their degrees beyond the normal four years. Students are asked to demonstrate their interest and aptitude in Business Administration by completing MATH 112  or an equivalent course in Calculus with a minimum grade of B (3.0) and ECON 1050 , or equivalent courses in both Macroeconomics and Microeconomics, with a minimum grade of B- (2.7). In addition, applicants must have a minimum cumulative GPA of 3.2 to be considered. Attainment of minimum requirements may not always be sufficient to secure approval of transfer request; if there are a large number of requests, the application process may be competitive.

Applications will be accepted through the end of the seventh week of Fall and Spring semesters. Students may apply if they have completed all of the prerequisites or if they are currently enrolled in the last remaining requirement. If all requirements have been met, the application will be evaluated by the Associate Dean’s Office, and the student will be informed of the decision in time to submit the Change of Program and register for the following semester in the new major. If there are still grades outstanding, the student will not be informed of the decision until the final grade(s) has been posted. At that point, the College will make an effort to enroll the student into any remaining available business courses for the following semester.

External Transfer Student Policy

Students interested in transferring to the LMU College of Business Administration from another college or university must complete a course in calculus with a minimum grade of B (3.0) and have a cumulative GPA of B (3.0).

Majors within the College of Business Administration

The College offers six majors at the Undergraduate level. It should be noted that due to substantial commonalities in the form of an identical Business Core required of each of the BBA majors, the College does not offer any double majors. For example, a student may not double major in Entrepreneurship and Finance. It is, however, possible to do a dual degree with one of the business majors and a major in another College (Management and Chicana/o Studies, for example). And, of particular interest to those Accounting students attempting to complete the 150 hours of coursework required for the CPA, it is also possible to earn a B.S. in Accounting in conjunction with a BBA in one of the other business majors (Accounting and Finance is probably the most popular of these) by completing an additional 30 credits beyond those required by the first degree. Again, this is considered a dual degree, not a double major.

Minors within the College of Business Administration

Business Administration Minor

Objectives: The Business Administration Minor is designed for and offered to students with non-business majors only. Course content will provide adequate coverage and include the necessary breadth to provide a general understanding of the business discipline. The program has no prerequisites but assumes the students have a sufficient understanding of economics and basic mathematics skills in order to understand fundamental analytical business concepts. Admission to the minor is competitive, based upon grades, demonstrated ability to handle quantitative coursework, and difficulty of program in the major.

Structure: The Business Administration Minor is designed as a cohort structure, where students take four required foundational courses, two during the Fall semester and two during the Spring semester of their sophomore or junior year. Two additional business electives will be taken during the following semesters and chosen in consultation with the minor advisor. All courses must be taken in residence at LMU to ensure coherence and completeness of the cohort learning experience. An assessment test will be given after all four foundational courses have been completed, to ensure students have mastered the information covered in these courses. A minimum cumulative GPA of 2.5 is required in the minor.

Students may apply for the minor during the Fall of their junior year at the very latest, due to the cohort approach of the program, which requires a minimum of 3 semesters to complete. For students pursuing certain majors, in which course times in the major may conflict with those in the minor, an earlier application may be necessary in order to avoid such conflicts.  Students planning to study abroad may be deferred for a semester, but will need to plan accordingly.

Minor Requirements: All business minor students are required to complete four sequential foundational courses (12 semester hours) and two (6 semester hours) upper division business elective classes, all with a grade of C (2.0) or higher.

Students will also complete two upper division business classes (6 semester hours) based upon their understanding of foundational courses as well as personal interest and career plan. Upper division and elective courses appropriate for those in the business minor program will be designated by the faculty of each CBA department and in consultation with a business faculty advisor. All minor required courses must be completed in residence.

Accounting Minor

ACCT 2110 , ACCT 2120 , and at least three of the following courses: ACCT 3110 , ACCT 3120 , ACCT 3130 , and ACCT 4120 . All upper division Accounting courses must be taken in residence at LMU. A minimum cumulative GPA of 2.5 must be earned in the Minor area. The Accounting minor is open to Business Administration majors ONLY.

Business Law Concentration

To earn a concentration in Business Law, students are required to complete nine semester hours of advanced Business Law classes. Business Law courses taken as part of, or required by, the major or another program in which the student is registered may not be used to fulfill this requirement as well.

International Business Concentration

To earn a Concentration in International Business, students are required to complete three advanced International Business electives (9 semester hours). International Business courses taken as part of, or required by, the major or another program in which the student is registered may not be used to fulfill this requirement as well.

The courses generally required for the International Business Concentration are:

INBA 4830 International Management 
INBA 4880 International Finance  

INBA 4898 International Marketing  or
MRKT 4597 Marketing Strategy in the Global Environment  

If one or more of the above required courses has been taken as a part of the student’s major or has not been offered or available recently, the following courses may be substituted to fulfill the requirements of the concentration:

INBA 4840 International Entrepreneurship 
INBA 4850 International Business Law 
INBA 4870 Multinationals and the Third World 
INBA 4872 Managing a Global Workforce  

To the degree that it is possible, it is strongly recommended that a student must, during his or her LMU program, have participated in an LMU-sponsored or LMU-approved Study Abroad program.

It is further recommended, although not a requirement of the Concentration, that the student take sufficient coursework in a second language to gain proficiency.

Beta Gamma Sigma Honor Society

Beta Gamma Sigma is the honor society for students enrolled in business and management programs accredited by AACSB International - the Association to Advance Collegiate Schools of Business. Election to lifetime membership in Beta Gamma Sigma is the highest honor a business student can achieve. Juniors and seniors in the top 10% and MBA students in the top 20% of their class may be invited to membership. Beta Gamma Sigma membership provides recognition for a lifetime. With alumni chapters in major metropolitan areas across the United States, the BGS Career Central job board and the BetaLink online membership community, those recognized for their academic achievements at Loyola Marymount University can continue an active relationship with Beta Gamma Sigma long after graduation. This lifelong commitment to its members’ academic and professional success is defined in the Society’s mission: to encourage and honor academic achievement in the study of business and personal and professional excellence in the practice of business.

Programs

Minor

Accounting

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Programs

Bachelors

Masters

Minor

Finance, Computer Information Systems and Operations Management

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Programs

Bachelors

Management

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Programs

Bachelors

Concentration

Marketing and Business Law

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Programs

Bachelors

Concentration

MBA Program

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Programs

Dual-Degree

Masters