Jun 17, 2024  
Loyola Marymount University Bulletin 2013-2014 
    
Loyola Marymount University Bulletin 2013-2014 [ARCHIVED CATALOG]

College of Business Administration


Administration

Dean: Dennis W. Draper

Associate Deans: Reneé Florsheim (Undergraduate), Jack Gregg (Graduate), William Lindsey (Center for Executive Learning)

Directors: Yongsun Paik (Center for Asian Business); Lawrence P. Kalbers (Center for Accounting Ethics, Governance, and the    Public Interest); Fred Keisner (Fred Keisner Center for Entrepreneurship); Thomas White (Center for Ethics and Business)

Organization

The College has four Departments, four Centers, and one Program, an MBA Program, and an Executive MBA Program, each led by a Chairperson or Associate Dean:

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 Program

The College offers the Master of Business Administration in different formats. The traditional MBA addresses the educational demands of persons who recognize the need to continue to build their careers. 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 Program

TThe 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                       48
B. Business/Econ. Core Requirement                      43
C. Accounting Major Specific Core                         -
D. Math Requirement                        3
E. Major Requirement                      15
F. Electives                      11
                     ____
Total                      120

 

B.S. (AIMS Major)

                     S.H.
A. University Core Curriculum                         48
B. Business/Econ. Core Requirement                        43
C. Accoundint Major Specific Core                           -
D. Math Requirement                          3
E. Major Requirement                        15
F. Electives                        11
                         ___
Total                       120

 

B.S. in Accounting   S.H.
A. University Core Curriculum  48
B. Business/Econ. Core Requirement 37
C. Accounting Major Specific Core 9
D. Math Requirement 3
E. Major Requirement 24
F. Electives 5
    ___
Total   126

 

The specific courses in the three curricula are as follows:

A. University Core Curriculum 
48 semester hours
 

B. Business/Economics Core Requirements:
In addition to Macroeconomics (

 ) that is a required social studies core class, Business students are required to complete the following economics and statistics classes:
 

 
 

Business students are required to complete a series of one-semester-hour “Business Perspective” courses in residence:
 

 
 
 
 

All Business students are required to complete a series of 3-semester-hour “Core Concept” business courses as part of their degree requirements:

 
 
  (must be completed in residence at LMU; B.S. Accounting Majors will take   in lieu of  , see below)
 
  (must be completed in residence at LMU; B.S. Accounting Majors will take   in lieu of  , see below)
  (must be completed in residence at LMU)
 
 
 
 
 

C. Accounting Major Specific Core Courses: The Accounting major requires the following courses in lieu of or in addition to the BBA required core:

  (In lieu of  , Accounting majors only; must be completed
in residence at LMU)
  (In lieu of  , Accounting majors only; must be completed in residence at LMU)
  (Accounting majors only; must be completed in residence at LMU)
 

D. Math Requirement: All Business students must complete Mathematical Analysis for Business II (

 ) with a grade of C (2.0) or higher.
 

E. Major Requirement: Business students will develop an Academic Plan to identify the degree sought and the major(s) and minors in their degree track program of study. Prior to the first semester of junior year, students must choose a major, Accounting, Applied Information Management Systems, or one of the following majors, if they plan to earn a Bachelor of Business Administration (B.B.A.) degree:

  • Entrepreneurship
  • Finance
  • Management
  • Marketing

For each major, the student will complete 15 semester hours of course work as required by the student’s major department. Students will also select minors and/or other majors as well as elective courses which may be taken as part of their degree program. This program will be developed and implemented in consultation with the student’s Academic Advisor.

Students working toward a Bachelor of Science in Accounting (B.S.A.) degree will complete 24 semester hours of upper division accounting courses in addition to accounting major-specific business core courses (

 ,  , and  ) to be taken in residence at LMU.

F. Electives: Students in the B.B.A. and B.S. (AIMS major) programs have 11 semester hours of electives that may be taken from any College of School within the University, including Business Administration. Agreements are in place with a number of the departments within the University under which students may take all or most of their electives in a single area. By using a planned sequence of recommended courses and in some cases, by taking extra courses, it is possible for a student to complete a minor area of study and possibly even a second major. It is recommended that each student consider this possibility in terms of career and personal objectives. Business students may also use their elective semester hours to take additional courses in their major or complete a minor in an area other than their majors. This requires advance planning and consultation with the student’s Academic Advisor.

G. Area of Concentration: Students interested in a concentration in Business Law or International Business may choose three upper division courses, in addition to required business courses, in the area of concentration.

To earn a Concentration in Business Law, students are required to complete Business Law Applications and Cases (

  ) and elect two (6 semester hours) advance Business Law classes. No double counting will be allowed. Accounting Majors will substitute an additional advance Business Law class in lieu of  .

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 their major. No double-counting is permitted. These three courses are:

 

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 their LMU program, have participated in an LMU-sponsored or an LMU-approved study abroad program.

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

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

  (SATM 620 or higher required) in lieu of economics core requirements, Microeconomics ( ), and Macroeconomics ( ). Students must fulfill the 3 semester hour requirement by taking an intermediate economics class, e.g., Financial Economics ( ) or Managerial Economics ( ), etc., or a non-business elective course.


All Business students must earn a grade of C (2.0) or higher in the following courses: ACCT 2110, 2120; BADM 1010, 1020, 1030, 1040; ECON 105 (or 110 and 120 and ECON 230); and MATH 111 and 112, 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.
  • Students must obtain Transfer Course Approval prior to registration in classes at other institutions.
  • Students may not enroll in classes 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

 
 
 
 
____ ___ University Core
____ ___ University Core


Spring Semester

 
 
 
____ ___ University Core
____ ___ University Core
____ ___ University Core


Sophomore Year


Fall Semester

 
 
 
 
 
____ ___ University Core


Spring Semester

 
 
 
 
____ ___ University Core
____ ___ University Core


Junior Year


Fall Semester

 
 
 
 
____ ___ University Core


Spring Semester

 
AMCS ___ American Cultures (3 s.h.)
____ ___ University Core
____ ___ Major Requirement
____ ___ Major Requirement


Senior Year


Fall Semester

 
____ ___ Major Requirement
____ ___ Major Requirement
____ ___ University Core
____ ___ Elective (2 s.h.)


Spring Semester

 
____ ___ Major Requirement
____ ___ University Core
____ ___ Elective (3 s.h.)


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

 
 
 
 
 
____ ___ University Core


Spring Semester

 
____ ___ University Core
 
 
____ ___ University Core
____ ___ University Core

 

Junior Year

Fall Semester

 
 
 
 
 


Spring Semester

 
 
 
 
____ ___ University Core


Senior Year

Fall Semester

 
  or  
 
____ ___ University Core


Spring Semester

 
 
 
____ ___ University Core
____ ___ Elective (2 s.h.)


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.


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.

 
 
 
 
 

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


 ,  , and at least three of the following courses:  ,  ,  , and  . 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 Business Law Applications andCases (

 ) and elect two (6 semester hours) advance Business Law classes. No double counting will be allowed. Accounting Majors will substitute an additional advanced Business Law class in lieu of  .
 

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 their 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 on-line 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

M.B.A. Program

Go to information for M.B.A. Program.

Programs

Certificate

Dual-Degree

Masters