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    Loyola Marymount University
   
 
  Jul 25, 2017
 
 
    
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Loyola Marymount University Bulletin 2014-2015 [ARCHIVED CATALOG]

College of Business Administration


Administration

Dean: Dennis W. Draper

Associate Deans: Reneé Florsheim (Undergraduate) and Jack Gregg (Graduate Programs)

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); Thomas White (Center for Ethics and Business), Interim Director Richard Stafford (Executive MBA Program)

Organization

The College has four Departments, four Centers, three undergraduate programs, and three graduate programs, each led by a Chairperson, Associate Dean, or Director.

Department of Accounting
Department of Finance and Computer Information Systems
Department of Management
Department of Marketing and Business Law
Center for Accounting Ethics, Governance, and the Public Interest 
Center for Asian Business
Center for Ethics and Business (courses and activities are offered through the Departments) 
Fred Keisner Center for Entrepreneurship (courses are 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: Bachelor of Business Administration (B.B.A.) with majors in Entrepreneurship, Finance, Marketing, and Management; the Bachelor of Science (B.S.) with a major in Applied Information Management Systems; and the Bachelor of Science in Accounting (B.S.A.).

The Vision and Mission of the College of Business Administration

The vision of the College is to be recognized as a leading College of Business Administration within a Catholic university through our commitment to learning, values, and research. The underlying theme is the development of ethical leaders for a diverse, technologically-driven, global economy. These statements confirm our commitment to the principles of continuous improvement. The primary focus is on excellence in instruction and learning.

The mission of the College is to continuously develop an environment in which all stakeholders learn and grow together and contribute to an understanding of:

The global economy,
The business theories and practices which explain its operations,
The decision models and analytical frameworks for meeting ethical challenges, 
The importance and interdependence of people in the work environment,
The technologies that stimulate change, and
The skills and management tools needed to manage an enterprise successfully.

The mission of the undergraduate programs is to:

Assist students of high potential experience personal growth in the acquisition of knowledge in a broad range of subjects based on the University core curriculum and an integrated business curriculum;

Assist students to develop technical, analytical, and interpersonal skills and personal qualities and values to realize their potential as future leaders in a global economy; and

Graduate students who are able to demonstrate a depth of understanding in their primary field of interest.

College of Business Administration Curriculum

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

B.B.A.   Semester Hours (S.H.)
A. University Core Curriculum   39
B. Business Requirement 12
C. Business Core 37
D. Major Requirement 15
E. Electives 17
    ____
Total   120

B.S. (AIMS Major) (see Department )

B.S. in Accounting   S.H.
A. University Core Curriculum   39
B. Business/Econ. Core Requirement 12
C. Accounting Major Specific Core 31
D. Major Requirement 33
E. Electives 11
    ___
Total   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.

Subject to the student’s qualification, College of Business Administration students may be permitted to take ECON 105  (SATM 620 or higher required) in lieu of economics core requirements, Microeconomics (ECON 110 ), and Macroeconomics (ECON 120 ).

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 105  (or ECON 110  and ECON 120  and ECON 230 ); and MATH 112  and MATH 120 , as these are prerequisites for other required business classes.

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 hours, including the prescribed business administration core courses and those listed above. A minimum of 45 semester hours must be from upper division course offerings.

Students should consult the Associate Dean’s office for specific policies applicable to the College of Business Administration.

Transfer Credit

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

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

  • 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.
  • Students must obtain Transfer Course Approval prior to registration in classes 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 offers at the junior level, whether Business or non-business, courses numbered 3000 (300) and above, but was taken by a transfer student at the sophomore level at her/his previous school cannot be accepted for credit. Such courses can be recognized only if the student takes the appropriate examinations after admission to the College (see Credit by Examination ).
  • All transfer courses must be taken for a letter grade, and the student must receive a grade of C (2.0) or higher.

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

Students who are currently enrolled in another major at LMU, but are interested in changing their major to Business Administration are encouraged to apply during their first year at LMU but no later than their third semester. Students are asked to state their interest in Business Administration by completing MATH 112  or an equivalent course in calculus with a minimum grade of B (3.0) and ECON 110  and ECON 120  with a minimum grade of B- (2.7) all in residence at LMU. In addition, students must have a minimum cumulative GPA of 3.0. Once requirements have been met, students will be eligible to complete an application which will be evaluated by the Associate Dean’s Office. Attainment of minimum requirements may not always be sufficient to secure approval of transfer request. Applications will be accepted through the end of the seventh week of Fall and Spring semesters. The evaluation process will take place during the Fall and Spring semesters with students being informed once the evaluation process has been completed.

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).

Bachelor of Business Administration and Bachelor of Science (AIMS Major) Curriculum

The following curriculum represents the order or sequence in which it is expected that students will take the various courses required for the B.B.A. and the B.S. (AIMS major) degrees.

Freshman Year

Fall Semester
BADM 1010 Business Perspectives - Business Institutions 
ECON 110 Introductory Microeconomics 
FFYS 1000 First Year Seminar 
MATH 120 Precalculus Mathematics 
University Core
University Core

Spring Semester
BADM 1020 Business Perspectives - Introduction to Ethical Decision Models 
ECON 120 Introductory Macroeconomics 
MATH 112 Mathematical Analysis for Business II 
RHET 1000 Rhetorical Arts 
University Core
University Core

Sophomore Year

Fall Semester
ACCT 2110 Financial Accounting 
BADM 1030 Business Perspectives - Information Technology in Organizations 
BLAW 2210 Legal and Regulatory Environment 
ECON 230 Introductory Statistics 
PSYC 100 General Psychology 
University Core

Spring Semester
ACCT 2120 Accounting Information for Decision Making 
AIMS 2710 Management Information Systems 
BADM 1040 Business Perspectives - Globalization 
University Core
University Core
University Core

Junior Year

Fall Semester
FNCE 3410 Fundamentals of Finance 
INBA 3810 International Business 
MGMT 3610 Managing People and Organizations 
MRKT 3510 Principles of Marketing 
University Core

Spring Semester
AIMS 3770 Production Operations Analysis 
Major Requirement
Major Requirement
University Core
University Core

Senior Year

Fall Semester
BADM 4950 Business and Social Responsibility in the Global Economy 
Major Requirement
Major Requirement
University Core
Elective (2 semester hours)

Spring Semester
BADM 4970 Strategic Management 
Major Requirement
University Core
Elective (3 semester hours)

Bachelor of Science in Accounting Curriculum

The first year of the program is identical to the Bachelor of Business Administration and Bachelor of Science (AIMS Major) Curriculum. The following curriculum represents the order or sequence in which it is expected that students will take the various courses required for the B.S.A. degree. All 3000- and 4000-level accounting courses must be taken in residence at Loyola Marymount University.

Sophomore Year

Fall Semester
ACCT 2110 Financial Accounting 
BADM 1030 Business Perspectives - Information Technology in Organizations 
BLAW 2210 Legal and Regulatory Environment 
ECON 230 Introductory Statistics 
PSYC 100 General Psychology 
University Core

Spring Semester
ACCT 2120 Accounting Information for Decision Making 
BADM 1040 Business Perspectives - Globalization 
RHET 1000 Rhetorical Arts 
University Core
University Core
University Core

Junior Year

Fall Semester
ACCT 3110 Intermediate Accounting I 
ACCT 3130 Cost Management 
FNCE 3410 Fundamentals of Finance 
MGMT 3610 Managing People and Organizations 
MRKT 3510 Principles of Marketing  

Spring Semester
ACCT 3120 Intermediate Accounting II 
ACCT 3130 Cost Management 
AIMS 3770 Production Operations Analysis 
INBA 3810 International Business 
University Core

Senior Year

Fall Semester
ACCT 4150 Accounting Ethics, Professionalism, and the Public Interest 

ACCT 4110 Advanced Accounting  or
ACCT 5110 Advanced Accounting Topics 

ACCT 4160 Auditing 
University Core

Spring Semester
ACCT 4120 Income Tax Accounting 
BADM 4970 Strategic Management 
BLAW 3210 Business Law Applications and Cases 
University Core
Elective (2 semester hours)

Business Administration Minor

Objectives: The Business Administration Minor is designed for and offered to non-business students 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 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 are asked to apply for the minor during the Spring semester of their freshman or sophomore year and will be notified of the decision in time for Fall semester registration. Enrollment in the foundational courses will begin during the Fall semester of the sophomore/junior year. In some exceptional cases, the Associate Dean may allow students to apply during the Spring semester of their freshman year and enroll in courses the Fall semester of their sophomore year.

Minor Requirements: All business minor students are required to complete four 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.
BADM 3010 Analytical Concepts and Methods for Business 
BADM 3020 Economic Environment, Marketing, and Business Law Concepts 
BADM 3030 Key Concepts of Accounting and Finance 
BADM 3040 Management and Society: Issues in Strategic and Ethical Management   

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 Requirements

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. A minimum cumulative GPA of 2.5 must be earned in the minor area. All minor required courses must be completed in residence. Open to Business Administration majors only.

Business Law Concentration

To earn a concentration in Business Law, students are required to complete three semester hours of advanced Business Law classes. No double counting will be allowed.

International Business Concentration

To earn a Concentration in International Business, a CBA student must take three advanced International Business courses (9 semester hours) beyond the core and the courses taken to meet the requirements for his or her major. No double counting is permitted. These three courses are:

or

If one or more of the above required courses has been taken as a part of the student’s major, the following courses may be substituted to fulfill the requirements of the concentration:

The student must, during his or her LMU program, have participated in an LMU-sponsored or an LMU-approved Study abroad Program.

It is further recommended, though not an concentration requirement, that the student take sufficient courses to gain proficiency in a second language in addition to English.

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

Go to information for Accounting.

Programs

Bachelors

Masters

Minor

Finance, Computer Information Systems and Operations Management

Go to information for Finance, Computer Information Systems and Operations Management.

Programs

Bachelors

Management Department and Entrepreneurship Program

Go to information for Management Department and Entrepreneurship Program.

Programs

Bachelors

Concentration

Marketing and Business Law

Go to information for Marketing and Business Law.

Programs

Bachelors

Concentration

MBA Program

Go to information for MBA Program.

Programs

Certificate

Dual-Degree

Masters