Jun 13, 2021  
Loyola Marymount University Bulletin 2020-2021 
    
Loyola Marymount University Bulletin 2020-2021

LMU College of Business Administration


Administration

Dean: Dayle M. Smith

Associate Deans: Lawrence Kalbers (Faculty and Academic Initiatives)

Assistant Dean: Joseph Andriano (Student Engagement)

Directors: Yongsun Paik (Center for Asian Business and Center for International Business Education); David Choi (Fred Kiesner Center for Entrepreneurship); Dustin Cornwell (Senior Director, MBA and M.S. Programs), Joseph Shannon-O'Hannigan (Senior Director, EMBA Program and Executive Education), Jeff Thies (Institute for Business Ethics and Sustainability), Nola Wanta (Senior Director, Business Development and Strategy)

Organization

The College is organized into five Departments, each led by a chairperson.

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

The College also operates four centers, each led by a director.

Center for Asian Business
Center for International Business Education
Fred Kiesner Center for Entrepreneurship (related courses offered through the Departments)
Institute for Business Ethics and Sustainability

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, a Master of Science in Business Analytics, and a Master of Science in Management.

Baccalaureate Degree Programs

The College offers three Baccalaureate Degrees:

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

Mission of the College of Business Administration

We advance knowledge and develop business leaders with moral courage and creative confidence to be a force for good in the global community.

Core Values of the College of Business Administration

Our values define us and enhance an understanding of our mission and vision and the integration of human flourishing in the development of our personal and professional growth. The following five values reflect our core identity and serve as a guide and touchstone for our programs and relationships.

Business as a Force for Good

We dedicate ourselves to developing ethical leaders who visibly demonstrate moral courage in their personal and professional endeavors. Ethical citizenship encompasses principled behavior and the tenets of corporate social responsibility, including attention to economic, social, and environmental performance. We are committed to business as a force for good, where business has a voice at the table and a key role in collaborating on sustainable development goals for the betterment of the global community.

Interconnected Global Community

We embrace multiple disciplines and community connectedness to inform problems and address challenges in a global context. We value experiential opportunities, collaboration, and partnerships. As a signatory to the United Nation's PRME initiative, we are committed to understanding the role of business as a partner in the global community through the Sustainable Development Goals (SDGs).

A Community of Lifelong Learners

We perceive ourselves-students, faculty, staff, administrators, and stakeholders-as a community of interdependent teachers and learners in the Jesuit and Marymount traditions. As co-creators of knowledge, we envision business as a force for good, best addressed with empathy and an entrepreneurial mindset, skill set, and experiences. As a global community, we will develop a playground for the mind and a place to inspire the imagination that will promote human flourishing and innovative solutions to business and societal challenges.

We are also committed to our alumni as lifetime learners and lifetime members of the CBA Community.

Educating the Whole Person and Moral Courage

Consistent with the education of the whole person, we view each individual as important and worthy of our time and resources. As an institution of higher education, we strive to advance the intellectual growth of our students and related community members. As an institution rooted in the Jesuit and Marymount traditions, we aspire to develop all dimensions of the person-emotional, spiritual, physical, and social-through our educational framework as a way to promote human flourishing at the personal and professional levels.

Agility, Creative Confidence, and Entrepreneurial Spirit

We are committed to educating our students to use their imagination and intellectual curiosity in how they understand business challenges, solve problems in transdisciplinary ways, and adapt to change in a constantly changing world. Using knowledge, skills, abilities, and meaningful experiences, our students will develop and enhance their technical skills, critical thinking, and communication and interpersonal skills to positively transform organizations and societies.

College of Business Administration Undergraduate Curriculum

The courses within the three undergraduate degree programs (Bachelor of Business Administration, Bachelor of Science, 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 14
C. Business Core 44
D. Major Requirements 20
E. Electives 22 (approximately)
    ____
Total:   Minimum=128

B.S. (ISBA Major) (see Department )

B.S. in Accounting   Semester Hours
A. University Core Curriculum   31 (minimum)
B. Pre-Business Requirements 11
C. Accounting Major Specific Core 36
D. Major Requirements 40
E. Electives 10 (approximately)
    ___
Total   Minimum=128

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: BCOR 2110 , BCOR 2120 ECON 1050 , ECON 2300 ; and MATH 112 , 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.

Courses may be repeated once without penalty. If a student still has not passed the course, permission must be given by the Associate Dean to take a course for the third time. If a student has not received a passing grade in a required course after have taking it three times, the student will be asked to transfer into a different College. A student may drop a course within the add/drop period without penalty, but a grade of "W" will count toward the total number of times that a student may take the course.

Total Program

All degree programs require a minimum of 128 semester hours for graduation. A minimum of 45 semester hours must be from upper division course offerings. Please note that completion of a program may require more than 128 semester hours, depending upon the specific curriculum followed by the individual student. A student who has completed 128 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.

Please be aware that some LMU courses may ONLY be taken at LMU. That includes certain University Core courses, some Business Core courses, and some courses in certain majors.

In addition, please note that the University's Residency requirement states that 30 of the final 36 credits must be taken at LMU. Generally, this means that a student may not take more than one or two more courses at an outside institution during the summer preceding or after the final year of that student's program at LMU toward the degree. Exceptions are made for those whose Study Abroad programs overlap those final 36 credits.

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 or Adding a Business Major

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 are no longer required for admission to the College. Students may request admission by contacting the Associate Dean's Office. If all requirements have been met, the student will be asked to complete a Change of Program form and given permission to register for the following semester in the new major.

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 functional majors at the Undergraduate level:

Accounting
Entrepreneurship
Finance
Information Systems and Business Analytics
Management and Leadership
Marketing

Of particular interest to those Accounting students attempting to complete the 150 hours of coursework required for the CPA, it is possible to earn a B.S. in Accounting, or the B.S. in Information Systems and Business Analytics, in conjunction with a B.B.A. 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. This is considered a dual degree, not a double major.

The CBA also offers an Undeclared Business major to first- and second-year students at LMU. The Undeclared major is NOT a full major, and no degree is offered in Undeclared Business. Therefore, all students MUST switch from Undeclared Business into one of the functional majors prior to completing 64 credits of college-level work.

Double Business Majors: Students beginning at LMU in Fall 2019 and beyond have the option of declaring double majors within the CBA. University policy states that in order to earn a degree with a double major, students must complete all of the requirements of each major, and that "double-counting" of courses is not permitted except where the same specific course is required by both majors (e.g., for a student wishing to major in ENTR and MRKT, both majors require that the student take BCOR 3610 , and the student will not need to take it twice; however, there are electives which are cross-listed between ENTR and MRKT, and those courses may only count toward one, not both, of the majors). In general, completing a double major will involve the completion of about five additional courses, or 20 credits, beyond the first major; however, there are a few majors for which there is less overlap or more specific requirements (the BSA in Accounting and BS in AIMS, for example), which will require more coursework.

Students planning to complete a double major should declare it and begin coursework on the second major when they have at least three full semesters remaining before their planned graduation date. Each major has a sequenced curriculum which assumes a minimum of three semesters of enrollment, and a "major" assumes that you spent a good portion of your college education, and not just a single semester, studying that subject matter. A student declaring a second major within CBA will be assigned a secondary faculty advisor for the second major once the student completes the number of credits at which faculty advisors are assigned.

It should be noted that students completing a double major will see the following wording on their diplomas:  "A major in (first major), with a second major in (second major)."

CBA Advantage

CBA Advantage is a non-credit requirement for graduation that students will fulfill by attending events, workshops, and taking part in experiential learning activities outside of the classroom. The goal of CBA Advantage is to better prepare students for careers in a competitive job market and ensure engagement in activities representing the key components in the CBA's new mission. The CBA Advantage program is administered by the Assistant Dean for Student Engagement.

The points required to fulfill this requirement are based on the class standing of the student when they enter the CBA. Any student who enters the CBA as a First Time Freshman will be required to earn 2000 points to fulfill this requirement, with 400 points coming from each of the 5 Competency Areas: Business Knowledge, Creative Confidence, Leadership Skills, Global Citizenship, and Moral Courage. For a student who does not enter the CBA as a First Time Freshman, their required points will be prorated based on their class standing upon admission. Sophomores will be required to earn 1500 points (300 per competency area), Juniors will be required to earn 1000 points (200 per competency area), and Seniors will be required to earn 500 points (50 per competency area).

CBA Advantage will be administered using an app provided by the CBA's technology partner. Information about how to download this app is available at http://cba.lmu.edu/advantage. Students are responsible for downloading the app, creating a free account, and then monitoring the app so they are aware when opportunities are available to earn points. 

This requirement will be tracked as a flag on the student's DegreeWorks. The Assistant Dean for Student Engagement will communicate to the Registrar's Office the students who have completed their point requirement.

Minors within the College of Business Administration

Business Administration Minor

Eligibility: The Business Administration Minor is designed for and offered to students with non-business majors only. The requirements for the Minor in Business Administration are the following:

The student must complete a minimum of 18 semester hours in Business courses, including:

Total: 18 semester hours

Courses counting toward the Business Minor may not be taken outside of LMU. A single exception may be made for Study Abroad courses.

Due to high demand, students must apply to, and be accepted into, the Business Administration Minor. Applications will be available online during the first six weeks of each semester, for admission to the Minor during the following semester.

Prerequisites for admission to the minor shall be completion of Math 112, 120, 122, or 131 with a grade of C (2.0) or higher, or a Dean's exception. Students must complete BCOR 1910 and ACCT 2110 with a grade of C (2.0) or higher before they will be allowed to enroll in any elective classes for the minor. Students must have a cumulative GPA for all minor courses of a 2.5 or higher. We will no longer require an assessment test on the foundational courses, as those courses are no longer taught. Once the minor requirements have been met, students will not be permitted to take any more classes in the CBA without the approval of the Assistant Dean for Student Engagement.

Structure: A minimum cumulative GPA of 2.5 is required in the minor for graduation.

Students are advised to apply to the minor during the sophomore or junior year in order to complete all coursework (some of which is sequential) by graduation. Students planning to study abroad may be deferred for a semester, but will need to plan accordingly.

Accounting Minor

Eligibility: The Accounting Minor is open to Business Administration majors ONLY. The requirements for the Accounting Minor are the following: BCOR 2110 , BCOR 2120 , and at least three of the following courses: ACCT 3110 , ACCT 3120 , ACCT 3130 , ACCT 3140 , 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.

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 by GPA may be invited to membership, and membership is by invitation only. 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.

Accounting

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Finance

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Management

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Marketing and Business Law

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