Degrees and Majors Offered
General Information
The objective of the Richard T. Farmer School of Business Administration is to prepare young men and women of character and intellectual ability for positions in business, government, and other complex organizations. Upon graduation, their educational preparation is such that, with experience and growth, they should progress to positions of increasing administrative or executive responsibility.
The School offers associate's (two-year), bachelor's, and master's degree programs. Undergraduate certificate programs are also available. Master's degree programs are described in the Graduate Bulletin, available from the Graduate School. Certificate and associate's degree programs are described in the Hamilton and Middletown chapter.
Bachelor's degree majors are offered in eight areas: accountancy, business-economics, decision sciences, finance, general business, management (human resource, operations, organizational leadership, and purchasing and procurement), management information systems, and marketing. The flexibility of each program allows a student to pursue areas of special interests and needs. Minors are available in arts management, business legal studies, decision sciences in business, economics, entrepreneurship, finance, international business, management, management information systems, marketing, risk management and insurance, and supply chain management.
Accreditation
The Richard T. Farmer School of Business Administration has been accredited by the Association to Advance Collegiate Schools of Business at the undergraduate level since 1932 and at the graduate level since 1961. This association is the only agency recognized nationally to accredit in the area of professional education for business at the collegiate level. Its standards include an evaluation of faculty competence, library facilities, physical plant and equipment, financial support of the institution, and the content and breadth of both the professional and nonprofessional curricular requirements.
Advisory Committees
The Business Advisory Council is composed of over fifty leading business executives, most of whom are alumni of the School. The council meets with the dean, faculty, and students twice a year to give advice on the School's programs. The council is very helpful to the School's continuing efforts to maintain excellence in education for future business leaders.
The School also meets regularly with several other external councils who provide feedback on our various programs: Richard T. Farmer Board of Visitors, Business Information Systems Advisory Council, Thomas C. Page Center for Entrepreneurship Advisory Council, Department of Accountancy Advisory Council, and the Center for Sustainable Systems External Advisory Council.
The Business Student Advisory Committee provides excellent means of communication between students and faculty. Members of this committee include students from all programs and class years within the school and representatives from various business student organizations.
Divisional and Departmental Honors
The School of Business offers a divisional honors program for students who qualify and who desire more intensive work under the guidance of a faculty mentor(s). Additionally, the Department of Economics offers a separate departmental honors program (see requirements under that heading). Students who successfully complete one or both of these programs will graduate with the appropriate honors notation on their transcript and under their names in the commencement program.
Students are admitted to the SBA honors program based on their ACT (SAT) score, class rank, letters of recommendation, and essay. The decision to admit a student is made by the SBA Honors Committee. Approximately forty (40) students are admitted each year. The majority of students who qualify are admitted into the divisional honors program during their senior year of high school as part of their overall admission to the university, however, the SBA Honors Committe may admit sophomores into the program as space allows.
Both divisional and departmental honors programs in the School of Business Administration may be coordinated and integrated with the University Honors Program. A common project may serve divisional, departmental, and university honors, but separate and distinct presentations must be made to earn each honors notation.
For more information, contact the Undergraduate Advising Office at the Richard T. Farmer School of Business Administration, 103 Laws Hall (513-529-1712).
Honorary and Professional Organizations
The School seeks to improve the quality of its programs and provide educational development opportunities for its students through its honorary and professional organizations.
Beta Gamma Sigma, the national scholarship society founded in 1913 to encourage and reward scholarship and accomplishment among students of business administration, has an active chapter at Miami University. Eligibility for election is restricted to the upper 7 percent of the junior class and the upper 10 percent of the senior class.
Alpha Iota Delta is a national decision sciences honorary that elects its members on the basis of scholastic achievement. Alpha Mu Alpha is a national marketing honorary that elects its members on the basis of scholastic achievement.
Beta Alpha Psi is a national accounting honorary that elects its members on the basis of scholastic achievement in accountancy courses. Omicron Delta Epsilon is a national economics honorary that elects its members on the basis of scholastic achievement in economics courses.
Students also are encouraged to participate in student professional organizations, which include: AIESEC in the international field; Alpha Kappa Psi; Alpha Upsilon chapter of Delta Sigma Pi, a professional business fraternity; American Production and Inventory Control Society; Association of Information Technology Professionals (AITP); Buck Rodgers Business Leadership Program; Decision Sciences Association (DSCA); Economics Club; Graduate Business Association; Ingenuity, Inc., the Student Entrepreneurial Society; KEYS, an organization open to all students, designed to supplement preparation of members for business careers; Miami Business Consulting; Miami Decision Sciences Association; Miami Finance Association; Miami Marketing Enterprises; Miami Purchasing Association; Multicultural Business Student Network; Pi Sigma Epsilon, a professional fraternity in marketing, sales management, and selling; Society for Human Reources Administration; and Student Accounting Society.
Advisers
Upperclass advisers for all business majors are assigned by the department of major, and the assignment is posted. Each program also has a chief adviser who coordinates the advising procedures within a department and represents the department on the committee that hears student petitions, the Divisional Committee of Advisers. Divisional advisers are also available to help business students with special problems.
Special Admission Requirements
Admission to the Richard T. Farmer School of Business Administration is limited, and the criteria for admission are subject to change as enrollment demands vary.
Freshman Admission: The number of freshmen admitted is determined by class capacities. Selection is based upon high school performance (class rank, grade point average, and curriculum), and test scores (ACT and/or SAT).
Entering freshmen are admitted to the School as "pre-business" majors. After these students have completed 30 semester hours including Calculus I or II or equivalent, earned at least a 2.6 cumulative grade point average, and have met the School's information technology skill requirements, they are advanced to regular business standing and given priority when registering for business courses.
The information technology requirement includes basic operating system, word processing, spreadsheet, presentation graphics, and Internet skills. These skills are demonstrated by passing a hands-on exam at Summer Orientation or during the school year or by passing CSA 141, CSA 154, or BTE 181.
Pre-business students beyond freshman standing who have not met these standards will not have registration priority for sophomore-level business classes and can expect difficulty in scheduling these courses. Pre-business students who reach junior standing without meeting the conditions for regular standing will not be permitted to register for 300- and 400-level business classes.
Intra-University Transfer: Students enrolled in another Miami division may apply to transfer to the Richard T. Farmer School of Business Administration after they have completed 30 semester hours including 12 hours completed at Miami and Calculus I or II or equivalent and have met the School's information technology skill requirements. You must have at least a 2.6 cumulative grade point average to be considered for admission. These standards for transfer may be increased depending on enrollment demand. Applications to the School are accepted only at designated times; students should apply during the last two weeks of the term in which they expect to meet the requirements.
Special Curriculum Requirements
Inter-University Transfer: Applicants who have attempted nine or more semester hours at other regionally accredited colleges or universities before enrolling at Miami are considered transfer students. Upon transfer to Miami they may be admitted directly to the Richard T. Farmer School of Business Administration only if they have completed at least 30 semester hours including Calculus I or II or its equivalent with a 2.6 cumulative grade point average (4.0 scale) and have met the School's information technology skill requirements. Depending on the demand for admission to the business program, higher standards may be required for acceptance.
Transfer students who are not eligible to transfer directly to the Richard T. Farmer School of Business Administration and who enroll in another division of the university must have completed at least 30 semester hours including 12 hours completed at Miami and Calculus I or II or equivalent, have at least a 2.6 Miami grade point average, and have met the School's information technology skill requirements to be considered for admission to the School. Changes in enrollment demand may cause admission criteria to change. Applications to the School are accepted only at designated times; students should apply during the last two weeks of the term in which they expect to meet the requirements.
The business technology programs on the regional campuses do not have these special admission policies.
Credit Hour Limitations
Students may accelerate their programs by registering in excess of the average 16 hours per semester needed to complete the program in eight semesters. Registrations of up to 20 hours are permitted in a regular semester or eight hours in a five- or six-week summer term. Course loads in excess of these limitations require permission from the advising office. Requests are considered only if the student earned a 3.5 grade point average for the preceding semester or is a senior who earned a 3.0 the previous semester.
Division Curriculum Requirements
Communication Requirement
All business programs require COM 135 Public Expression and Critical Inquiry. In addition, each major incorporates communication across the curriculum so that writing and speaking skills are important characteristics of that program.
Credit/No-Credit
All business courses, COM 135, MTH 151 or 153 or 249 or 251, and any other specifically required course (except freshman English) or major requirement must be taken for a grade and not credit/no-credit.
Grade Point Average
A minimum 2.0 cumulative grade point average in business courses is required for graduation.
International Course Requirement
You must complete at least one course that provides an understanding of international concerns. This course may be selected from any division and may overlap with your Foundation courses, Thematic Sequence, major, or electives. A list of approved courses is available from the academic adviser or the advising office in 103 Laws Hall.
Mathematics Requirement
All business students must complete MTH 151 or 153 Calculus I or equivalent. Completion of this course is required for advancement from pre- to regular business standing or for transfer into the School of Business from another academic division or another college or university. Advanced placement credit for MTH 151 is accepted toward fulfillment of this requirement.
Non-Business Requirement
All business majors must take at least 50 percent of their hours required for graduation outside of the business school. You can include up to nine hours of economics and six hours of statistics courses (DSC) toward meeting this requirement. This means that business majors who enter Miami as freshmen must complete at least 64 hours outside of the Richard T. Farmer School of Business Administration.
Residency Requirement
All business majors must complete at least 50 percent of their business courses required for their business degree at Miami University. These courses include the core business classes and the courses required for a primary major.These required courses include DSC 205, ECO 201 and 202, but do not include COM 135 or MTH 151.
Statistics Requirement
You are expected to take DSC 205 Business Statistics. Any other introductory probability and statistics course is considered duplicate credit. Students with transferred hours in probability and statistics should consult with the decision sciences and management information systems department before enrolling in DSC 205. The statistics requirement may also be met by taking STA 361 and 362 or by taking STA 461 and 462. MTH 249 or 251 Calculus II is a prerequisite for STA 361; MTH 252 Calculus III or MTH 255 Accelerated Calculus is a prerequisite for STA 461.
Technology Requirement
Students are expected to take MIS 235 Information Systems: Concepts, Technology, and Applications. The prerequisite for MIS 235 is spreadsheet proficiency. Students who plan to complete courses in systems analysis should consult with the decision sciences and management information systems department before enrolling in MIS 235 or in systems analysis courses to avoid duplicate credit.
Transfer of Course Credit
All transferred course credits intended to apply to specific course requirements for any business program are subject to approval of the department concerned. If credit hours earned are less than Miami's equivalent courses, they must be validated by the department. A department may require an examination or completion of a higher level course to validate transfer credit.
The Department of Accountancy requires transfer students majoring in accountancy to complete at least four junior or senior level accountancy courses at Miami University with at least a 2.0 grade point average.
The Department of Economics requires all majors to complete at least nine hours of advanced economics (above the 300 level) at Miami. Six of the nine hours should be intermediate theory courses ECO 315 and 317. Any transfer credit exception for these two courses must be approved by the director of undergraduate studies.
The Department of Finance requires students majoring in finance to complete at least 12 elective hours of finance courses at Miami.
Curriculum Options
You are responsible for completing the curriculum that is in effect the date of your initial Miami enrollment. However, since programs offered by the Richard T. Farmer School of Business Administration change as new courses are added and programs are modified, you may opt to complete a revised program in its entirety.
Double Majors
By carefully choosing available electives, some business majors may meet requirements for more than one major. In this case, an adviser will be assigned for each declared major, but priority for registration in required courses is given only for the declared primary major.
You must list a primary major for computer coding and understand that by declaring a second major, there is no guarantee that required courses in the second major will be available on a timely basis.
Planning for Law School
Many students anticipating a career in law consider an undergraduate degree in business. Any major is appropriate. The Business Legal Studies minor, described later in this chapter, can be used to complement one of the business majors. Pre-law advisers are available in the School of Business; contact the advising office for more information.
Basic Requirements: Bachelor of Science in Business
To graduate from Miami University with a Bachelor of Science in Business, you must:
- Earn a minimum of 128 semester hours
- Complete the Miami Plan, the common core of business courses, the communication sequence, the calculus requirement, and the required electives
- Complete the requirements of one major field
- Earn at least a 2.0 cumulative g.p.a. in all business courses attempted
- Complete at least 64 semester hours of course work in non-business departments
Common Core of Business Courses (47-49 semester hours)
All of these:
ACC 221 Introduction to Financial Accounting (3)
ACC 222 Introduction to Managerial Accounting (3)
COM 135 Introduction to Public Expression and Critical Inquiry (MPF IIB) (3)
DSC 205 Business Statistics (4)
ECO 201 Principles of Microeconomics (MPF IIC) (3)
ECO 202 Principles of Macroeconomics (MPF IIC) (3)
FIN 301 Introduction to Business Finance (3)
FIN 342 Legal Environment of Business (3)
MGT 291 Organizational Behavior and Theory (3)
MGT 302 Operations Management (3)
MIS 235 Information Systems: Concepts, Technology, and Applications (3)
MKT 291 Principles of Marketing (3)
MTH 151 or 153 Calculus I, or MTH 249 or 251 Calculus II (4-5)
SBA Senior Capstone Experience (3)
International course requirement (2-4)
Professional Electives
Most programs require a specified number of professional electives. A professional elective is any course not required for the major that is offered in any business school department except business technology.
Other Electives
You are encouraged to use the remaining hours in your program to broaden your educational base with courses from other divisions of the university, especially in the College of Arts and Science, and/or to supplement your business programs with additional business courses beyond your major requirements. Students enrolled in a four-year bachelor's degree program in business may apply a maximum of 12 credit hours earned in business technology courses to the degree. Business technology courses, however, do not qualify as either professional or nonprofessional electives.
If you hold an associate's degree in business technology and wish to earn credit toward a B.S. in Business, you may want to inquire about proficiency examinations in subjects covered in your business technology courses. Consult with the appropriate business school department on Oxford campus.
Suggested Course Pattern: Bachelor of Science in Business
Freshman Year
Foundation Courses (15-21)
MTH 151 Calculus I (or equivalent) (MPF V) (4-5)
Electives (6-12)
Sophomore Year
ACC 221 Introduction to Financial Accounting (3)
ACC 222 Introduction to Managerial Accounting (3)
COM 135 Public Expression and Critical Inquiry (MPF IIB) (3)
DSC 205 Business Statistics (4)
ECO 201 Principles of Microeconomics (MPF IIC) (3)
ECO 202 Principles of Macroeconomics (MPF IIC) (3)
MIS 235 Information Systems: Concepts, Technology, and Applications (3)
MKT 291 Principles of Marketing (3) or
MGT 291 Organizational Behavior and Theory (3)
Foundation, Thematic Sequence, and electives (10)
Junior Year
FIN 301 Introduction to Business Finance (3)
FIN 342 Legal Environment of Business (3)
MGT 302 Operations Management (3)
MKT 291 Principles of Marketing (3) or
MGT 291 Organizational Behavior and Theory (3)
International requirement (2-4)
Foundation, Thematic Sequence, major, and electives (17)
Senior Year
SBA Senior Capstone (MP) (3)
Major and electives (29)
Major Programs: School of Business Administration
Accountancy
For information contact the Department of Accountancy, 310 Laws Hall (513-529-6200).
The department's mission is to have nationally recognized bachelor's and master's degree programs that provide students with the lifelong ability to seek and acquire accounting and business knowledge and translate it into responsible action in a competitive environment.
The bachelor's degree program provides a general understanding of multiple areas of accounting and related skills to prepare graduates for entry-level positions that require only an undergraduate degree and graduate programs.
The master's degree program provides an in-depth understanding in selected areas of accounting and business and related skills to prepare graduates for entry-level positions that require more than a bachelor's degree.
Four- and Five-Year Programs
Students majoring in accountancy have two options.
One option is the four-year program. You earn your bachelor's degree, and then you start a career or enter a graduate program at another university.
Another option is the five-year program. You earn your bachelor's degree, and then you continue through a fifth year to earn a Master of Accountancy degree. After completing the program, you are qualified to sit for the CPA examination in the state of Ohio and other states that have adopted the 150-hour education requirement. You must apply to the Graduate School for admission to the Master of Accountancy program during your senior year. See the Miami Graduate Bulletin for the Master of Accountancy program requirements.
Transfer Students
Undergraduate transfer students majoring in accountancy must complete at least four junior- or senior-level accountancy courses at Miami with at least a 2.0 g.p.a.
Program Requirements
All of these:
ACC 225 Accounting Process (1)
ACC 321 Intermediate Financial Accounting (3)
ACC 333 Managerial Cost Accounting (3)
ACC 361 Modeling Business Processes in Accounting Information Systems (3)
ACC 443 Federal Income Tax Accounting (3)
One of these:
ACC 422 Financial Accounting Research (3)*
ACC 433 Management Accounting for Processes (3)
One of these:
ACC 452/552 Internal Auditing (3)
ACC 453 Financial Statement Auditing (3)*
Professional electives:
At least six semester hours, including at least one course from a business department other than accountancy.
* Prerequisite for Master of Accountancy program; five-year program students take during senior year.
Business-Economics: Bachelor of Science in Business
For information contact the Department of Economics, 208 Laws Hall (513-529-2836).
This curriculum is for students primarily interested in economics but who also desire a broad background in business. It helps you understand objectives and functions of a private enterprise economy, fundamentals of economic analysis, and how to integrate economic principles with various areas of business administration. The program also teaches how to use economic analysis as a major tool in reaching independent, well-considered judgments.
Course work involves both required theory courses and electives. Theory courses provide common analytical background of modern economics and serve to build analytical skills. The generous number of electives allows you to pursue different fields, depending on your interests and educational background.
Honors in Economics
To receive departmental honors in economics, you must meet all of the following requirements:
- Completion of ECO 315 and ECO 317 with at least a 3.5 g.p.a. in this sequence. If you have not completed this requirement by the end of your junior year, you will not be permitted to enroll in ECO 480-482 except as approved by the honors coordinator.
- Completion of ECO 480-482 with at least a 3.5 g.p.a..
- Attainment of a minimum 3.5 g.p.a. for all economics courses.
- Completion of a minimum of 30 hours of economics including ECO 412 and at least one additional course other than ECO 480-482 for which ECO 315 or ECO 317 (or both) is a prerequisite.
Transfer Students
The department requires all economics majors to complete at least nine hours of advanced economics (above 300 level) at Miami, including ECO 315 and 317. Any transfer credit exception for these two courses must be approved by the director of undergraduate studies in the department.
Program Requirements
All of these:
ECO 311 Examining Economic Data Models (3)
ECO 315 Intermediate Microeconomic Theory (3)
ECO 317 Intermediate Macroeconomic Theory (3)
Electives:
Fifteen additional hours in economics, at least six of those hours must be in courses that require ECO 315 and/or ECO 317 as prerequisite(s).
Professional electives:
At least six semester hours, including at least one course from a business department other than economics.
G.P.A. Requirement:
You must achieve at least a 2.00 g.p.a. in all economics courses taken.
Decision Sciences: Bachelor of Science in Business
For information contact the Department of Decision Sciences and Management Information Systems, 311 Upham Hall (513-529-4826).
Faced with an increasingly complex business world as well as intense foreign and domestic competition, firms must make better and timely decisions. This major prepares you to make such decisions by using computer-implemented, quantitative methods to solve business problems.
You develop analytical and communication skills and obtain in-depth training in applied statistical analysis, management science, process improvement methodology, and computer implementation of these techniques. Emphasis is placed on structuring and solving practical problems encountered in business. You become skilled in four critical areas of problem solving: problem definition, model construction, solution determination, and solution evaluation.
Employment opportunities are those requiring analytical thinking skills and expertise in statistical analysis, process improvement, management science, and computer applications. You are prepared to pursue graduate study in business administration, applied statistics, or management science.
Program Requirements
Both of these:
DSC 305 Applied Regression Analysis in Business (3)
DSC 321 Quantitative Analysis of Business Problems (3)
Twelve semester hours from Groups A, B, and C (at least three hours, no more than six hours from Group A; at least three hours from Group C):
Group A. At least three hours, but no more than six hours from these:
CSA 157 Introduction to COBOL Programming (3)
CSA 163 Introduction to Computer Concepts and Programming (3)
CSA 174 Fundamentals of Programming and Problem Solving (3)
CSA 275 Data Processing and File Design (3)
MIS 281 Advanced Business Microcomputer Applications (3)
MIS 285 On-line Information Systems with Database (3)
Group B
DSC 331 Quantitative Methods of Decision Making (3)
DSC 333 Nonparametric Methods in Business (3)
DSC 365 Statistical Quality Control (3)
DSC 480 Topics in Decision Sciences (1-3)
Group C. At least three hours from these:
DSC 421 Computer Modeling in Business (3)
DSC 432 Survey Sampling in Business (3)
DSC 442 Experimental Design in Business (3)
DSC 444 Business Forecasting (3)
DSC 447 Analysis of Multivariate Business Data (3)
Professional electives:
At least three semester hours from any business department, including DSC and MIS.
Finance: Bachelor of Science in Business
For information contact the Department of Finance, 120 Upham Hall (513-529-1560).
This major teaches theoretical and practical aspects of financial management. The general objectives are to teach the principles of finance, to explain how financial techniques can solve some of society's most important problems, and to prepare you for future responsibilities in financial management.
Course offerings prepare you to work in the finance division of a business firm; to enter the securities field in either a brokerage or investment analysis capacity; to enter the real estate business in sales or appraisal; to enter the insurance business in the fields of financial planning, property, or casualty insurance; or to pursue a career in estate planning or trust administration. In addition, non-business students are offered service courses in personal finance and in law and the legal process.
Upon completion of the appropriate finance courses, and upon meeting specified non-academic requirements, you may qualify to sit for examinations for licensing and professional designations in the areas of insurance, investments, and real estate.
All students majoring in finance must complete at least 12 elective hours of advanced finance courses above 301, 302, 342, and 401. FIN 231, 305, 306, and all Capstone courses cannot be used as electives. You must achieve at least a 2.0 g.p.a. in all finance courses taken.
Note: Transfer students, please see Transfer of Course Credit earlier in this chapter.
Program Requirements
All of these:
ACC 225 The Accounting Process (1)
ACC 321 Financial Accounting I (3) or
ACC 333 Managerial Cost Accounting (3) or
ACC 383 Comparative Accounting (3) or
ACC 443 Federal Income Tax Accounting (3)
ECO 301 Money and Banking (3)
FIN 302 Intermediate Financial Management (3)
FIN 401 Principles of Investments and Security Markets (3)
Twelve semester hours of departmental electives (exclusive of FIN 231, 305, 306, and all Capstone Experience courses).
General Business: Bachelor of Science in Business
For information contact the Richard T. Farmer School of Business Administration office, 103 Laws Hall (513-529-1712).
This curriculum is available to the business student whose career goals require an individualized program that covers the broad area of business rather than a specific major. Elementary and advanced courses from other departments in the university may be combined with a major in general business to prepare for careers in a specialized field.
This major is appropriate for the student who wishes to postpone specialization until graduate school, the pre-law student who wishes to take pre-legal training in business, or the entrepreneur who plans to organize and operate a small business.
Program Requirements
All of these:
ACC 321 Financial Accounting (3) or
ACC 333 Managerial Accounting (3) or
ACC 383 Comparative Accounting (3) or
ACC 443 Federal Income Tax Accounting (3)
FIN 302 Financial Policy of Corporations (3) or
FIN 401 Principles of Investments and Security Markets (3)
Advanced economics course (beyond ECO 201, 202) (2-3)
One of these management courses: MGT 303, 405, 414, 432, or 451 (3)
One of these marketing courses: MKT 391, 401, 421, 431, 441, 451, 461, 471, or 481 (3)
Professional electives:
At least seven semester hours.
Management
For information contact the Department of Management, 307 Laws Hall (513-529-4215).
A productive society requires the development of effective managers. Course work emphasizes the development of managerial skills through active involvement in a variety of instructional methods, including case studies, experiential exercises, role playing, and computer simulations. Classroom learning is enhanced through guest lectures by visiting managers from private and public sectors.
Four majors are offered: human resource management, operations management, organizational behavior, and purchasing and procurement management.
Departmental Communication Requirement
All management majors are required to take one three-hour communication course, in addition to the School's communication requirement of COM 135, selected from these:
One of these:
COM 136 Introduction to Interpersonal Communication (3)
COM 143 Introduction to Mass Communication (3)
COM 231 Small Group Communication (3)
COM 232 Argumentation (3)
COM 234 Fundamentals of Interviewing (3)
COM 359 Introduction to Public Relations (3)
COM 431 Persuasion (3)
COM 433 Contemporary Theories of Communication (3)
COM 434 Nonverbal Communication (3)
COM 437 Advocacy in Contemporary America (3)
COM 439 Organizational Communication (3)
ENG 315 Business Writing (3)
Human Resource Management: Bachelor of Science in Business
This major offers a curriculum that emphasizes increased organizational effectiveness through the best use of personnel. Courses include compensation management, employment law, labor relations, conflict management, and human resource management, as well as a selection of other management courses.
New and important developments in our advanced industrial societies have created additional challenges in human resource management, resulting in increased employment opportunities in such areas as personnel management, labor relations, labor and employment law, and compensation and employee benefits.
Program Requirements
All of these:
MGT 303 Human Resource Management (3)
MGT 402 Employment Law (3)
MGT 474 Advanced Topics in Human Resource Management (3)
Required electives. At least nine semester hours from these:
ECO 361 Labor Economics (3)
MGT 404 Compensation Management (3)
MGT 405 Labor Relations and Conflict Management (3)
MGT 406 Staffing Organizations (3)
MGT 414 Motivation and Work (3) or
MGT 415 Leadership Power and Decision Making (3)
MGT/FIN 463 Employee Benefits (3)
Professional electives:
At least six semester hours, including at least one course from a business department other than management.
Operations Management: Bachelor of Science in Business
This major is designed to develop individual and team-based quality improvement and problem-solving and decision-making skills for application in that part of an organization dealing with the creation of goods and services. Study in this area prepares students for employment in staff positions in operations analysis, planning, and control, as well as line positions. This program also provides an analytical background useful for problem-solving in any area of an organization.
Program Requirements
All of these:
ACC 333 Managerial Cost Accounting (3)
DSC 365 Statistical Quality Control (3)
MGT 451 Operations Planning and Scheduling (3)
MGT 453 Productivity Improvement (3)
MGT 457 Integrated Production/Operations Management Topics (3)
Professional electives:
At least three semester hours from a business department other than management.
Organizational Leadership: Bachelor of Science in Business
This major offers a diversified course of study providing flexible professional leadership training focusing on leadership skills, communication, motivation, and effective management of people. This curriculum prepares students for positions in areas such as management consulting, small business management, public sector management, health care administration, sales, and retail management.
Program Requirements
All of these:
MGT 303 Human Resource Management (3)
MGT 381 Managerial Development Seminar (3)
MGT 414 Motivation and Work (3)
MGT 415 Leadership, Power, and Decision-Making (3)
MGT 475 Advanced Topics in Organizational Behavior (3)
Professional electives: At least six semester hours, including at least one course from a business department other than management.
Purchasing and Procurement Management
This major provides a course of study in materials acquisition. Courses emphasize physical distribution, purchasing and materials management, cost accounting, and operations management. The major leads to employment opportunities such as materials manager, purchasing agent, and supplier relations manager.
Program Requirements
All of these:
ACC 333 Managerial Cost Accounting (3)
DSC 365 Statistical Quality Control (3)
MGT 432 Purchasing and Materials Management (3)
MGT 433 Advanced Topics in Purchasing and Materials Management (3)
MGT 451 Operations Planning and Scheduling (3)
MKT 431 Logistics Management (3)
Professional electives:
At least nine semester hours, including at least one course from a business department other than management.
Management Information Systems: Bachelor of Science in Business
For information contact the Department of Decision Sciences and Management Information Systems, 311 Upham Hall (513-529-4826).
The Management Information Systems (MIS) major provides graduates with balanced coverage of both managerial and technical issues critical to managing and controlling the information resources of an organization. Majors in MIS learn both fundamental and contemporary IS topics including: database theory and management, systems analysis, design, and development, web-based technologies, data communication technology and applications, computer graphics, multimedia, electronic commerce, knowledge management, contemporary languages and tools, and emerging information technologies. Design and development skills are enhanced using state-of-the-art tools such as ASP, XML, Oracle, and Visual Basic applied to business information systems. Emphasis is on structuring and solving business problems using distributed information technology. Experience with client server information technology is an integral part of the program.
Majors begin careers in the MIS field or related areas in positions such as systems analyst, information consultant, web analyst, web designer, information specialist, business consultant, software specialist, system consultant, programmer analyst, system designer, microcomputer specialist, database designer, data communication specialist, and system architect.
Program Requirements
All of these:
CSA 174 Fundamentals of Programming and Problem Solving (3)
MIS 281 Advanced Business Microcomputer Applications (3)
MIS 285 On-Line Information Systems with Data Base (3)
MIS 335 Introduction to Internet Tools and Technologies (3)
MIS 387 Information Systems Applications Development: Analysis and Design (3)
One of these:
CSA 153 Introduction to C/C++ Programming (3)
CSA 157 Introduction to Cobol Programming (3)
CSA 271 Object-Oriented Programming (3)
Departmental electives. Two of these:
MIS 435 Advanced Business Database: Applications and Technology (3)
MIS 445 Business Data Communications and Applications (3)
MIS 487 Management of Business Application Development Projects (3)
Marketing: Bachelor of Science in Business
For information contact the Department of Marketing, 200 Upham Hall (513-529-3270).
The modern global society is placing an increasing emphasis on marketing knowledge and related skills. Both global and domestic corporations' manufacturing, distributing, buying, and selling significantly shape the standard of living and global economy. This is true for both products and services as well as for-profit and not-for-profit institutions and supply chains.
To prepare you for a career in marketing or as part of a business decision-making team, this program provides courses in: promotion, supply chain management, organization-to-organization marketing, logistics, sales management, sports marketing, e-commerce, service marketing, international marketing, new product planning and technology, retailing, entrepreneurship, ethics, guerrilla marketing, buyer behavior, marketing decision-making, imagination, marketing research, and strategic planning. In all these courses, problem-solving, information search, risk management, decision-making, critical thinking, cross-functional integration, and lifelong learning skills are emphasized.
Program Requirements
All of these:
MKT 351 Marketing Analysis (4)
MKT 391 Buyer Behavior (3)
MKT 491 Marketing Strategy (3)
Three of these:
MKT 401 Sales Management (3)
MKT 411 Service Marketing (3)
MKT 419 E-Commerce, Marketing and the Internet (3)
MKT 421 Marketing to Organizations (3)
MKT 431 Logistics Management (3)
MKT 441 Promotional Strategy (3)
MKT 451 Marketing Research (3)
MKT 461 Principles of Retailing (3)
MKT 471 International Marketing (3)
MKT 481 Technology, Products and Ventures (3)
Professional electives:
At least nine semester hours, including at least one course from a business department other than marketing.
Minors
The programs described below are optional minors in business areas. A minor is a specific program to be taken along with a major to complement your skills and increase your career opportunities. More information about minors is in the Other Requirements chapter.
A notation about your completed minor will be on your final grade transcript if you indicate your minor when you apply for graduation. The required semester hours are in parentheses beside each minor.
Note: There is no guarantee that courses required to complete a minor will be available on a timely basis.
Arts Management (18 semester hours)
For information contact the Department of Management, 307 Laws Hall (513-529-4215).
Increased public interest in the arts has created a need for fine arts and business professionals who are prepared for management responsibilities in arts councils, museums, art centers, galleries, orchestras, and theatres.
This minor has two options: one for business majors and one for fine arts majors. Business majors must plan an individualized program with the arts management adviser in the appropriate department. Fine arts majors must plan courses with the assistance of their business adviser.
Core Requirements (10 hours)
All of these:
ARC 182 Experiencing the Arts (1, repeatable)
CFA 201 Intro to Arts Mangement (3)
CFA 340 Arts Management Internship (3)
CFA 410 Advanced Topic in Arts Management (3)
Program Requirements: For Business Majors (9)
ARC 188 Ideas in Western Architecture (3)
ARC 426 Architecture and Society (3)*
ART 181 Concepts in Art (3)
ART 185 Asian Art in Context: India and Southeast Asia (3)
ART 186 History of Asian Art: China, Korea, and Japan (3)
ART 187 History of Western Art: Prehistoric - Gothic (3)
ART 188 History of Western Art: RenaisCSAce - Modern (3)
ART 455 20th Century Design and Culture (3)
ART 497 Museums as Interpreters of Culture (3) *
MUS 135 History of Jazz (MPF IIA, IIIA, H) (3)
MUS 185 Diverse Worlds of Music (MPF IIA, IIB, IIIB) (3)
MUS 189 Great Ideas in Western Music (3)
MUS 453 Comparisons in the Arts (3) *
THE 101 Introduction to Theatre: Drama and Analysis (3)*
THE 103 Introduction to Theatre: Production and Performance I (1)*
THE 104 Introduction to Theatre: Production and Performance II (1)
THE 191 Theatre Appreciation (3)
THE 393 Cultural, Ethnic, and Gender Issues in Dramatic Literature (3)
THE 461 Theatre Management (3)
THE 490 Theatre and A Cultural Aesthetic (3) *
At least three credit hours from these:
ART 111 Visual Fundamentals (3)
ART 121 Beginning Drawing (3)
ART 171 Visual Fundamentals--3-D (3)
Music Ensambles:
MUS 100A Collegiate Chorale (2)
MUS 103C Men's Glee Club (2)
MUS 104D Symphony Orchestra (2)
MUS 105E Choraliers (2)
MUS 106B Marching Band (2)
MUS 106S Symphonic Band (2)
MUS 106W Wind Ensemble (2)
MUS 109B Chamber Music Brass (1)
MUS 109C Chamber Music Winds (1)
MUS 109D Cello Choir (1)
MUS 109G Global Rhythms (1)
MUS 109J Jazz Ensemble (1)
MUS 109M Steel Drum Ensemble (1)
MUS 109O Chamber Orchestra (1)
MUS 109P Miami University Percussion Ensemble (1)
MUS 109S Chamber Music Strings (1)
MUS 109T Trumpet Ensemble (1)
MUS 155 Chamber Singers (2)
MUS 320 Opera Production (2)
PHS 110A&B Beginning Ballet and Beginning Ballet II (2)
PHS 110G Modern Dance (2)
PHS 110.M Tap Dance (2)
PHS 110.R Jazz (2)
THE 123 Acting for the Non-Major (3)
THE 200 Production and Performance Practicum (1-8)
MUS 109C Chamber Music Winds (1)
Program Requirements: For Fine Arts Majors
All of these:
ACC 222 Introduction to Managerial Accounting (3)
MGT 111 Introduction to Business (3)
MKT 291 Principles of Marketing (3)
* Capstone
Business Legal Studies (21 semester hours)
For information contact the Department of Finance, 120 Upham Hall (513-529-1560).
Increased sensitivity to the legal implications of doing business has created the need for greater managerial understanding of the legal process and its relationship to the marketplace. This minor allows the business and non-business major to develop a greater sensitivity to issues of business liability, governmental regulation of business, public policy, and the origin and evolution of law, especially in its interfacing with commercial activities.
Note: This minor does not automatically satisfy the MP Thematic Sequence requirement; only courses marked with * satisfy the requirement.Finance majors cannot use this minor to fulfill the Thematic Sequence requirement.
Program Requirements
Both of these (6 semester hours):
FIN 342 Legal Environment of Business (3)*
FIN 442 Business Associations and Commercial Law (3)* **
At least two of these (6 semester hours minimum, 15 hours maximum):
ACC 443 Federal Income Tax Accounting (3)
ECO 325 Economic Analysis of the Law (3)
ECO 385 Government and Business (3)*
FIN 443 Property Law (3)* **
FIN 462 Estates, Wills, and Trusts (3)* **
FIN 464 International Business Law (3)* **
FIN 465 Ethics, Law, and Business (3)** ***
FIN 483 Comparative International Business Law (4)
MGT 402 Legal Environment of Personnel and Labor Relations (3)*
* Satisfies Miami Plan Thematic Sequence FIN 1 Law and Commerce.
** Finance majors cannot use this course to satisfy both finance major and this minor requirements.
*** Miami Plan Capstone Experience course.
Remaining hours from these:
ECO 331 Public Sector Economics (3)
ECO 434 Environmental Economics (3)
ECO 451 United States Economic History (3)
ECO 462 Economics of Compensation, Unionization, and Discrimination (3)
IES 431 Principles of Environmental Science (3)
IES 450 Environmental Law (3)
HST 362 The Era of the American Revolution (3)
HST 363 The Early American Republic 1783-1815 (3)
HST 364 The Early American Republic 1815-1850 (3)
HST 368 20th Century America 1900-1933 (3)
HST 369 20th Century America Since 1933 (3)
HST 382 Women in American History (3)
HST 397 American Environmental History (3)
HST 428 Social and Economic History of Modern America (3)
HST 434 American Constitutional Development (3)
HST 435 American Constitutional Development (3)
MGT 303 Human Resource Management (3)
MGT 405 Labor Relations and Conflict Management (3)
MKT 391 Buyer Behavior (3)
PHL 331 Political Philosophy (4)
PHL 335 Philosophy of Law (4)
POL 302 Modern Political Philosophy (4)
POL 303 Modern Political Philosophy (4)
POL 346 Women in Politics (3)
POL 352 Constitutional Law and Politics (4)
POL 353 Constitutional Rights and Liberties (4)
POL 363 Administrative Law (3)
POL 382 International Law (3)
SOC 412 Sociology of Law (3)
Decision Sciences in Business (18 semester hours)
For information contact the Department of Decision Sciences and Management Information Systems, 311 Upham Hall (513-529-4826).
Use of quantitative, statistical, and process improvement methodology to support management decision making is growing in all areas of business. This minor provides an introduction to basic decision sciences concepts and to major quantitative and statistical methods employed in support of decision making.
All courses for this program are considered professional electives for School of Business Administration majors, so business students can usually complete the minor without taking more than the 128 semester hours needed for graduation.
This minor is available to all university students; contact the department for an adviser. Application to receive the decision sciences in business notation on your grade transcript must be made when applying for graduation.
Program Requirements
Core Courses (9 semester hours)
DSC 205 Business Statistics (4)
MTH 151 Calculus I (5)
Advanced Courses (6 semester hours)
DSC 305 Applied Regression Analysis in Business (3)
DSC 321 Quantitative Analysis of Business Problems (3)
Electives. At least 3 semester hours from these:
DSC 331 Quantitative Methods of Decision Making (3)
DSC 333 Nonparametric Methods in Business (3)
DSC 365 Statistical Quality Control (3)
DSC 421 Computer Modeling in Business (3)
DSC 432 Survey Sampling in Business (3)
DSC 442 Experimental Design in Business (3)
DSC 444 Business Forecasting (3)
DSC 447 Analysis of Multivariate Business Data (3)
DSC 480 Topics in Decision Sciences (1-3)
Economics (18 semester hours)
For information contact the Department of Economics, 208 Laws Hall (513-529-2836).
This minor is designed for students who are interested in exploring how their major area of specialization connects to the workplace and the economy. Students who are preparing for law school or a Master of Business Administration (M.B.A.) program will find this minor valuable.
Program Requirements
All of these (9 semester hours):
ECO 201 Principles of Microeconomics (3)
ECO 202 Principles of Macroeconomics (3)
ECO 315 Intermediate Microeconomic Theory* (3) or
ECO 317 Intermediate Macroeconomic Theory* (3)
Nine additional semester hours of advanced economics (300-level and above), which may include the other intermediate theory course.
Electives (9 semester hours)
Proper choice of electives allows you to complete a Thematic Sequence and receive a minor in economics.
*Must be completed at Miami University
Entrepreneurship (24 semester hours)
For information, contact the Page Center for Entrepreneurship, 218 Upham Hall (513-529-1221).
This interdisciplinary minor provides exposure to principles and concepts of entrepreneurship applied to new venture start-up, small business growth, and corporate innovation. This program complements majors in the business school and other divisions; it supports the application of entrepreneurial concepts and approaches to your major. Objectives include (a) recognizing and developing entrepreneurial potential; (b) developing an understanding of entrepreneurship as a manageable process; (c) using tools, frameworks, concepts, and perspectives that are helpful in recognizing how entrepreneurship works, and (d) appreciating the role that entrepreneurial attitudes and behaviors can play in personal and professional lives and in society at large. This minor can be used to satisfy a Thematic Sequence.
Program Requirements:
Business foundation courses. All of these:*
ACC 221 Introduction to Financial Accounting (3)
ECO 201 Principles of Microeconomics (MPF IIIA) (3)
FIN 342 Legal Environment of Business (3)
MKT 291 Principles of Marketing (3)
Three of these:
BUS 366 Imagination, Entrepreneurship, and Business Problem-solving (3)
BUS 461 Integration of Business Fundamentals Through Small Business Counseling (3)**
FIN 306 Financial Aspects of Entrepreneurial Ventures (3)
MGT 469 Corporate Venturing (3)
MKT 311 Guerrilla Marketing (3)
MKT 481 Technology, Products, and Ventures (3) (3)
This one:
BUS 467 Entrepreneurship: New Ventures (3)**
* Non-business majors consult with Page Center Director regarding business
foundation courses.
** Capstone
Finance (18 semester hours)
For information contact the Department of Finance, 120 Upham Hall (513-529-1560).
This minor provides in-depth study of financial management and introduces financial topics of current importance. The courses provide financial management tools and techniques relevant both to corporate finance and investments. This minor allows you to develop and integrate numerous skills and techniques relevant to modern finance.
All 18 semester hours must be taken at Miami University. A minimum 2.0 g.p.a. is required for all courses in the minor.
Program Requirements
All of these:
ACC 221 Principles of Financial Accounting (3)
ECO 301 Money and Banking (3)
FIN 301 Introduction to Business Finance (3)*
FIN 401 Principles of Investments (3)**
Six semester hours from these:
FIN 302 Intermediate Financial Management (3)
FIN 402 Fixed-Income Portfolio Management (3)
FIN 403 Portfolio Management (3)
FIN 408 Commercial Bank Management (3)
FIN 417 International Business Finance (3)
FIN 475 Financial Policies of Corporations (3)
* Requires prerequisites: ECO 201, ECO 202, ACC 221, and ACC 222.
** Requires prerequisite: DSC 205.
International Business (21 semester hours)
For information contact the Richard T. Farmer School of Business Administration advising office, 103 Laws Hall (513-529-1712).
This minor, open only to business majors, offers a concentration of courses providing a foundation for a career in international business. A core of courses from the Richard T. Farmer School of Business Administration and electives from other divisions focus on international topics. This minor, which satisfies a Thematic Sequence Requirement, may be directed toward a specific geographical area of the world. A minimum of 21 hours including the core requirements with at least a C average is required.
Program Requirements
All of these:
BUS 371 International Business (3)
Option A or B (9)
Approved electives (9)
Language proficiency at 102 level
Option A
This one:
ECO 344 International Economic Relations (3)
Two of these:
FIN 417 International Business Finance (3)
FIN 464 International Business Law (3) or
FIN 483 Comparative International Business Law (4)
MKT 471 International Marketing (3)
And/Or any business courses approved in advance by the SBA International Studies Committee, which are offered at the Dolibois European Center in Luxembourg or as part of a SBA international summer program (3-6).
Option B
This one:
ECO 441 International Trade (3)
One of these:
ECO 442 International Monetary Relations (3)
FIN 417 International Finance (3)
One of these:
MKT 471 International Marketing (3)
FIN 464 International Business Law (3) or
FIN 483 Comparative International Business Law (4)
And/Or any business courses approved in advance by the SBA International Studies Committee, which are offered at the Dolibois European Center in Luxembourg or as part of a SBA international summer program (3-6).
Approved Electives
You are required to take a minimum of nine hours of approved electives from at least two different departments. Chosen electives must be outside the School and cannot be used to fulfill both the Miami Plan Foundation requirement and the international business minor. Suggested electives are recommended but by no means comprise the extent of courses that would be useful preparation. You may explore other courses in disciplines suggested as well as those from other disciplines within the university that are international in scope. All electives must be approved by an international business adviser in the Richard T. Farmer School of Business Administration. All upper-level language courses (300-499) are acceptable electives. Typically, language courses at 100- or 200-level that stress conversation and grammar cannot be used as electives. Some courses offered at the Dolibois European Center in Luxembourg may be used as electives.
Students usually design their own concentration of electives; a list of all approved electives is available in the advising office.
Language Preparation
This minor requires one year of a second language at the college level. This requirement can be fulfilled by a two-course sequence, by an intensive course to prepare for a second year of instruction, or by proficiency or placement exam.
Foreign language skills, in combination with courses on a specific geographic area, also may provide you with a model and a methodology for understanding different cultures and direct access to at least one culture through its medium of communication. The College of Arts and Science provides courses for preparation in Chinese, French, German, Greek, Hebrew, Italian, Japanese, Latin, Portuguese, Russian, and Spanish.
Study Abroad
Each year opportunities at Miami University for studying in different cultures expands. Miami offers international education at the John E. Dolibois European Center in Luxembourg, where programs have been available since 1968. Students may also participate in the International Student Exchange Program (ISEP) and choose from institutions in more than 30 countries, or they may exchange with the Vienna University of Economics and Business Administration in Austria, the Federal University of Parana in Brazil, Kansai University in Japan, University of Glasgow in Scotland, or selected universities in China. The Richard T. Farmer School of Business Administration (SBA) offers international summer programs for two-, three-, or six-week terms. Students study SBA courses and international business in England, Ghana, Luxembourg, Russia, Spain, or the Pacific Rim, take field trips to other countries, and meet with executives and government people.
Management (22 semester hours)
For information contact the Department of Management, 307 Laws Hall (513-529-4215).
This minor provides students with majors outside the School of Business Administration opportunity to enhance their major areas of study by gaining knowledge of management theory and its application.
For all options, you are required to take: (1) an introductory statistics course to provide a prerequisite background in statistical concepts and (2) a managerial accounting course to provide the necessary background to use financial information for making decisions. Beyond these two requirements, select one of the four tracks.
Program Requirements
Human Resource Management Track
Introductory statistics course. One of these:
DSC 205 Business Statistics (4)
PSY 293 and PSY 293.L Introduction to Psychological Statistics (4)
STA 261 Statistics (4)
All of these:
ACC 222 Introduction to Managerial Accounting (3)
MGT 111 Introduction to Business (3)
MGT 303 Human Resource Management (3)
One of these:
MGT 291 Organizational Behavior and Theory (3)
MGT 302 Operations Management (3)
Two of these:
MGT 402 Employment Law (3)
MGT 404 Compensation Management (3)
MGT 405 Labor Relations and Conflict Management (3)
MGT 463 Employee Benefits (3)
Operations Management Track
Introductory statistics course. One of these:
DSC 205 Business Statistics (4)
PSY 293 and PSY 293.L Introduction to Psychological Statistics (4)
STA 261 Statistics (4)
One of these:
MGT 291 Organizational Behavior and Theory (3)
MGT 303 Human Resource Management (3)
All of these:
ACC 222 Introduction to Managerial Accounting (3)
MGT 302 Operations Management (3)
MGT 451 Operations Planning and Scheduling (3)
MGT 453 Productivity Improvement (3)
MGT 457 Integrated Production/Operations Management Topics (3
Organizational behavior track:
Introductory statistics course. One of these:
DSC 205 Business Statistics (4)
PSY 293 and PSY 293.L Introduction to Psychological Statistics (4)
STA 261 Statistics (4)
One of these:
MGT 302 Operations Management (3)
MGT 303 Human Resource Management (3)
MKT 291 Principles of Marketing (3)
All of these:*
ACC 222 Introduction to Managerial Accounting (3)
MGT 111 Introduction to Business (3)
MGT 291 Organizational Behavior and Theory (3)
MGT 414 Motivation and Work (3)
MGT 415 Leadership, Power, and Decision Making (3)
* MGT 291, 414, and 415 fulfill Thematic Sequence MGT 1, Dynamics of Human Behavior in Organizations.
Management Information Systems (18 semester hours)
For information contact the Department of Decision Sciences and Management Information Systems, 311 Upham Hall (513-529-4826).
Increased business dependence upon information has created a need for business professionals well versed in the use of computers and adoption of information technology for personal productivity, application developments, and decision support. This program is designed to give students who major in other disciplines a strong background in information technology and systems. It is also beneficial for students entering businesses that make extensive use of information technology. MIS graduates are actively recruited for positions in a number of indistries including management consulting, manufacturing, banking, and marketing.
A minimum 2.0 g.p.a. is required for all courses in the minor. You must contact a management information systems advisor in the department to have the minor noted on your grade transcript when applying for graduation. This minor satisfies thematic sequence MIS 1 - Information Management and the Role of Electronic Commerce requirements.
Program Requirements
All of these:
MIS 235 Information Systems: Concepts, Technology, and Applications (3)
MIS 281 Advanced Business Microcomputer Applications (3)
MIS 285 On-Line Information Systems with Data Base (3)
MIS 381 Business and Presentation Graphics (3)
MIS 385 Management Information and Decision Support Systems (3)
Electives. One of these:
ACC 361 Accouting Information Systems (3)
MIS 412 Communicating Through Multimedia (3)
CSA 153 Introduction to C/C++ Programming (3)
CSA 157 Introduction to COBOL Programming (3)
CSA 174 Fundamentals of Programming and Problem Solving (3)
MIS 495 Seminar in Management Information Systems (3)
Marketing (19-22 semester hours)
For information contact the Department of Marketing, 200 Upham Hall (513-529-3270).
Marketing is a core business function that consists of activities to facilitate mutually beneficial exchange processes. Contemporary organizations require employees with broad perspectives who understand cross-functional integration to facilitate adaptation to the accelerated change taking place within society.
This minor in marketing provides knowledge of the theory and practice of marketing. Because marketing is the major boundary spanning and most externally focused function within business, you have an opportunity to gain an appreciation of what it takes to be successful in the modern business environment and in contemporary markets. This minor provides students from other majors the opportunity to complement their major area of interest.
This minor provides a foundation in business and marketing and is flexible depending on your area of interest. A minimum of 19 hours for business students and 22 hours for non-business students are required. The minor has nine prerequisite hours for non-business majors and six prerequisite hours for business majors. Non-business majors are exposed to an overview of business (MGT 111), the principles of microeconomics (ECO 201), and statistics (DSC 205). Since the six prerequisite hours for business majors (ECO 201 and DSC 205) are part of the business core, they can complete the minor with 13 additional hours.
Five tracks are designed around sub-functions within marketing. After prerequisites, all tracks require MKT 291 Principles of Marketing and MKT 351 Marketing Analysis to provide a foundation. Business to Business, Marketing Research, Promotion, and Retailing tracks require MKT 391 Buyer Behavior and a course in the sub-functional area. The International Marketing track requires the same Foundation Courses, then BUS 371 International Business and MKT 471 International Marketing.
Program Requirements
Prerequisites
DSC 205 Business Statistics (4) or
STA 261 or STA 368 (4) or
PSY 293 and 293.L (4)
ECO 201 Principles of Microeconomics (3)
MGT 111 Introduction to Business (3) (non-business majors only)
Marketing Minor Tracks
Business to Business
MKT 291 Principles of Marketing (3)
MKT 351 Marketing Analysis (4)
MKT 391 Buyer Behavior (3)
MKT 421 Marketing to Organizations (3)
Marketing Research
MKT 291 Principles of Marketing (3)
MKT 351 Marketing Analysis (4)
MKT 391 Buyer Behavior (3)
MKT 451 Marketing Research (3)
Promotion
MKT 291 Principles of Marketing (3)
MKT 351 Marketing Analysis (4)
MKT 391 Buyer Behavior (3)
MKT 441 Promotion Strategy (3) or
MKT 401 Sales Management (3)
Retailing
MKT 291 Principles of Marketing (3)
MKT 351 Marketing Analysis (4)
MKT 391 Buyer Behavior (3)
MKT 461 Principles of Retailing (3)
International Marketing
BUS 371 International Business (3)
MKT 291 Principles of Marketing (3)
MKT 351 Marketing Analysis (4)
MKT 471 International Marketing (3)
Risk Management and Insurance (18 semester hours)
For information contact the Department of Finance, 120 Upham Hall (513-529-1560).
This minor provides an in-depth study of the risk management process and operational, legal, moral, and social issues surrounding life and health, property, and casualty insurance industries along with the employee benefits area. The financial consequences of being exposed to pure risk are explored for individuals and businesses. Tools for handling these exposures are critically analyzed along with the process of implementing financial and other strategies to prepare for possible outcomes.
Program Requirements
All of these:
ACC 221 Principles of Financial Accounting (3)
FIN 301 Introduction to Business Finance (3)
FIN 351 Principles of Insurance (3)*
FIN 451 Risk Management and Insurance (3)*
FIN 452 Advanced Life Insurance and Personal Financial Planning (3)*
FIN 463 Employee Benefits (3)*
* Finance majors cannot use these courses to satisfy both the finance major and this minor requirements.
Supply Chain Management (21 semester hours)
For information, contact the Department of Marketing, 200 Upham Hall (513-529-3270).
A recent study cited supply chain management (SCM) as one of the three most important management practices for determining world class performance. This minor provides an understanding of SCM as a key business strategy, and it develops tools for integrating key functions of procurement, production, marketing, logistics, accounting, and MIS, leading to successful operation of the entire SCM process. You will be exposed to career opportunities in this field. This minor satisfies Thematic Sequence STA 1 Quality Issues in Contemporary Business and Industry.
Program Requirements
Business foundation courses. All of these:
ACC 222 Introduction to Managerial Accounting (3) *
DSC 205 Business Statistics (4) *
MGT 302 Operations Management (3) *
MIS 235 Information Systems: Concepts, Technology, and Applications (3) *
MKT 291 Principles of Marketing (3)*
All of these:
ACC 333 Managerial Cost Accounting (3)
MGT 432 Purchasing and Materials Management (3)
MGT 453 Productivity Improvement (3)*
MKT 431 Logistics Management (3)
Focus elective. One of these:
MKT 421 Marketing to Organizations (3)
MKT 461 Principles of Retailing (3)
MGT 433 Advanced Topics in Purchasing Materials Management (3)
MGT 451 Operations Planning and Scheduling (3)
MGT 457 Integrated Production/Operations Management Topics (3)
Tools elective. One of these:
ACC 433 Advanced Cost Accounting (3)
DSC 305 Applied Regression Analysis in Business (3)*
DSC 321 Quantitative Analysis of Business Problems (3)*
DSC 365 Statistical Quality Control (3)*
MIS 385 Management Information and Decision Support Systems (3)*
This one:
MGT/MKT 498 Supply Chain Management (3)
* Included in Thematic Sequences.
Mission Statement
In addition to the Miami Plan requirements, all business programs have a core of basic courses in accounting, information systems, economics, finance, business law, statistics, organizational behavior, marketing, operations, speaking skills, and calculus. This core is described in detail later. The following requirements apply to all business majors:
Business Capstone Experience
In addition to completing a Miami Plan Capstone Experience, all business majors must complete a business Capstone Experience. You should complete the business core first. The business Capstones are senior level experiences which are writing and speaking intensive, provide for multiple skill development, and integrate the business course work you have already completed.
All business Capstones are also Miami Plan Capstones; you may fulfill both requirements with one course. You are encouraged to consider a Capstone from any business department. A complete list is available on your DARS or in the advising office.
The Richard T. Farmer School of Business is committed to being a premier business program that provides students with the lifelong ability to acquire knowledge and translate it into responsible action in a competitive global environment.
