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Academic Bulletin

School of Business Administration - Undergraduate
www.bus.miami.edu

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The School of Business Administration offers courses leading to the degrees of Bachelor of Business Administration (BBA) and Bachelor of Science (BS). Undergraduate degrees in business are administered by the Associate Dean, Undergraduate Programs.

MISSION

The mission of the University of Miami School of Business is to provide an environment in which the creation and dissemination of business knowledge can flourish. The School will build on its competitive advantages of cultural diversity, geographic location, and outstanding faculty, to continually improve its programs and become nationally recognized as a premier school of business.

ACCREDITATION

The Bachelor of Science and the Bachelor and Master of Business Administration as well as the undergraduate and graduate Accounting programs are fully accredited by the AACSB - International, Association to Advance Collegiate Schools of Business, International.

ACADEMIC POLICIES

Student Responsibilities

• Students in the School of Business are responsible for planning their own programs and for meeting degree requirements.

• It is the student’s responsibility to understand fully, and to comply with all the provisions of this Bulletin and written changes to their program of study.

• Students are provided assistance by advisors and faculty members.

• Requests for deviation from department, program, or school requirements are granted only by written approval from the respective chairperson or dean.

• Students who are in violation of the provisions of this Bulletin may be withdrawn unilaterally by appropriate School officials from classes, deleted as Business students or have a stop placed upon their future enrollment.

• Information regarding appeal procedures and special requests relative to academic matters is available in Merrick 104, Office of Undergraduate Business.

Admission to Lower and Upper Level Study

Admission to the University for undergraduate study as a freshman is sufficient to be granted admission to the School. All students with fewer than 60 semester hours (lower level) may select an intended major and minor(s). Students who do not state an intended major are listed as undeclared in business. Students in the lower level are not permitted to take 300 or higher level courses in Accounting, Finance, Management and Marketing. In order to continue in the School with more than 60 semester hours, individuals must seek and be granted upper level status.

The School accepts only those lower level students for upper level that meet the following requirements. Admission to upper level status depends upon an individual having:

  1. Successfully completed at least 60 semester hours.
  2. a. For Bachelor of Business Administration: Successfully completed Accounting 211, 212, Business Law 212, Economics 211, 212, English 105, 106, Management Science 110, 201, 202 and Political Science 211.

    b. For Bachelor of Science: Successfully completed Accounting 211, 212, Business Law 212, Economics 301, 302, English 105, 106, Mathematics 111, 112, Management Science 311, 312, and Political Science 211.
  3. Made satisfactory progress toward graduation and not be on academic warning or probation.
  4. Made formal application for admission to upper level. Timetables and application procedures are available from the Office of Undergraduate Business. Students applying for upper level status must also list the major(s) and minor(s) to be completed while in the upper level.

Applicants denied admission to upper level in the School of Business Administration may apply to another School or College in the University. However, students denied admission to upper level who are accepted by another School or College in the University are not permitted to re-enter the School of Business Administration at a later date to complete Business School undergraduate degree requirements.

Transfer Students

Requirements for admission with advanced standing are the same for all those transferring from accredited institutions whether it is a two-year or four-year institution.

• The applicant must present a satisfactory academic record in compliance with the standards of the Office of Admission.

• All previous college work must be from an accredited institution, and the student must be in good academic standing at all the institutions previously attended.

• Students who will have earned 45 or more credits at matriculation must have received college credit [B or higher] for a calculus course.

• Students who will have earned fewer than 45 credits at matriculation must have received college credit [B or higher] for at least a pre-calculus course.

• The Dean of the School of Business Administration determines which transferred courses may be counted toward meeting the Bachelor of Business Administration and Bachelor of Science graduation requirements.

• Transfer courses with quality points lower than 2.0 are not accepted toward requirements.

• Students who transfer to undergraduate study in the School of Business must take the courses appropriate to their programs of study as required by the School of Business if they have not had equivalent courses in the schools from which they transfer.

• Upper level courses in advanced business subjects required by the School and taken in baccalaureate institutions in the junior and senior year will be accepted as equivalent if the school is AACSB accredited. If the school is not accredited, the courses will be accepted subject to oral or written examinations for equivalency.

• Upper level business courses taken in the freshman or sophomore year at a two-year or four-year institution will be accepted as other electives. Students who feel these courses are equivalent to UM upper level business courses may request validation from the individual major department.

• Transfer students must complete at least one half of the Business Core Curriculum at the University of Miami.

• One half of the major and minor courses must be completed at the University of Miami with a minimum quality point average of 2.0 (or higher depending on major) regardless of the number of major or minor courses transferred.

Academic Progress and Probation

• The School of Business Administration will review each student's record at the end of each semester.

• When a student’s semester or cumulative average is less than 2.0, or progress toward degree completion is unsatisfactory, the student will be placed on academic probation or warning in accordance with University policies and procedures.

• Full-time business students who are not completing sufficient courses to graduate after ten regular semesters of enrollment are deemed not to be making satisfactory academic progress.

• The extent to which a student’s record is below a 2.0 average determines the severity of the sanction, i.e., warning or academic probation.

• Students on probation are not permitted to enroll in more than 13 semester hours and may have a STOP placed upon their future enrollment until grades for work-in-progress are reviewed.

Academic Dismissal

• Business students are dismissed by University Dismissal Standards.

• Additionally, a student in the School of Business Administration whose quality point average or progress toward degree completion falls below the level of the minimum standards of the School may be dismissed.

• Students may also be precluded from continuing their studies in a major or courses if they do not have the specified grades for the major or courses.

• A student who is precluded from continuing as an undergraduate business student because of failure to satisfactorily complete the required lower level courses or to attain a high enough grade point average is not considered as having been academically dismissed from the University. Accordingly, such students may apply to another School or College and if accepted, continue as students at the University of Miami.

Freshman Repeat Rule (FRR)

The following procedures are applied specifically to Business students using the University’s Freshman Repeat Rule (FRR).

The student’s academic standing is based upon the current grades being counted as credits attempted or earned.

• Students who repeat a course not under the provisions of the FRR are administered using the University General Repeat Rule.

• Students desiring to implement FRR must complete the FRR Request Form which is available in the Office of Undergraduate Business.

• The summer sessions are not counted as a semester in computing the two semesters in which a student may elect to repeat a course with a D or F grade. Additionally, a student who initially enters the University in the spring semester may repeat courses with a D or F grade taken in the summer sessions following initial enrollment without having the summer sessions count as one of the first two semesters.

• For additional information about the FRR, consult an Undergraduate Business Academic Advisor.

Readmission

• Business students withdrawing from the University must complete the “Complete Withdrawal” procedure through the Office of the Registrar.

• A student who has not been enrolled at the University of Miami for the previous full semester must apply for readmission through the Office of the Registrar.

• A student who is out of the School for more than two years returns under the provisions of the Bulletin in effect at the time of readmission.

• Students requesting readmission who were previously dismissed for academic reasons or who had below a 2.0 quality point average must present adequate evidence that the conditions and/or factors that caused their prior poor academic performance have changed sufficiently and that there is a reasonable expectation of satisfactory performance if they are permitted to resume study in the School.

• Additionally, students with prior unsatisfactory academic records who are readmitted may have conditions associated with their readmission.

• Failure to satisfactorily accomplish the stated conditions may result in the student not being permitted to register for future semesters.

Changes to Academic Requirements

The School reserves the right to change academic requirements to include course offerings to ensure that students are receiving the latest knowledge. Changes are transmitted to students by written notice or by academic advisors and mentors.

REQUIREMENTS FOR GRADUATION

(See Management Science Department for requirements for Bachelor of Science in Management Science.)

Residence Requirements

A candidate for the B.B.A. or B.S. degree must earn the last 45 credits consecutively and exclusively in degree-seeking status in residence at the School of Business, University of Miami, as well as meet the graduation requirements listed in Academic Program below. Credit by examination may not be used to meet the residency requirements.

Age of Credits

Credits more than 12 years old are not normally recognized for degree purposes.

Grade Point Average

In addition to a minimum of 120 semester hours, students must have an overall quality point average of at least 2.0 on all undergraduate courses and a quality point average of at least 2.0 on all undergraduate courses taken at the University of Miami. Some majors require a higher quality point average.

Percentage of credits at UM required

At least fifty percent of the Business Foundation, fifty percent of the Upper Level Business Core and fifty percent of the Major and Minor credit hours must be completed at the University of Miami.

Application for Graduation

Failure to apply for graduation in a timely manner will result in the student not being officially graduated until the end of a later semester or summer session.

ACADEMIC PROGRAM FOR BACHELOR OF BUSINESS ADMINISTRATION

All Bachelor of Business Administration majors complete areas A, B, C, D, and E as listed below:

Areas of Study
(All courses except “other elective courses” must be taken for a graded credit.)

A. REQUIRED GENERAL EDUCATION
( Approved Freshman Seminars may be used to satisfy some of the General Education requirements.)

1 . English (9 Semester Hours)

a. ENG 105 and ENG 106

b. Select one course from ENG 306, ENG 330, ENG 331 or COS 333

2. Arts and Humanities (12 Semester Hours)
Select one from each of first three areas

a. Fine Art
Any fine art course such as: art, art appreciation, music or music appreciation or theory, theater or theater appreciation, architecture or architecture appreciation, 200 level dance or dance appreciation, survey of motion pictures, creative writing, public speaking.

b. English Literature
Any literature course in the English language. May be at the 200 level or above.

c. Philosophy or Religion
Any course in philosophy or religion.

d. A second course from any of the above fields – or – a graded course in a foreign (not native or heritage) language at level 102 or above.

3. Quantitative Foundation (9 Semester Hours)
MAS 110 and MAS 201 and MAS 202

4 . Natural World (6 Semester Hours)

a. One course in life science, e.g.: biology, ecosystems, physical anthropology

b. One course in physical science, e.g.: physics, chemistry, geology, physical geography, acoustics, marine science, physical science

5. People and Society (21 Semester Hours)

a. ECO 211, ECO 212, ECO 302, POL 211, POL 213

b. Any course from the department of history

c. One behavioral social science course, e.g.: psychology, sociology, anthropology, also courses in educational psychology, geography, architecture (urban planning), social foundations of education, inter-disciplinary studies, e.g.: Africana, American, communications, Judaic, women’s.

6. Writing Across the Curriculum- All students must complete a minimum of five courses (15 semester hours) designated as writing (W) courses to qualify for graduation.

7. General Education Elective (3 Semester Hours): Choose one course (not less than 3 semester hours) from a department outside the School of Business Administration
Note: MAS 105, if required by placement, may be used to satisfy this General Education Requirement

B. BUSINESS FOUNDATION REQUIREMENTS

1. ACC 211 and ACC 212 (6 Semester Hours)

2. BSL 212 (3 Semester Hours)


C. UPPER LEVEL BUSINESS CORE

1. CIS 410 (3 Semester Hours) CIS majors will take CIS 465

2. FIN 302 (3 Semester Hours) MAY ONLY BE TAKEN AFTER ADMISSION TO UPPER LEVEL

3. MGT 303 and MGT 304 (6 Semester Hours) MAY ONLY BE TAKEN AFTER ADMISSION TO UPPER LEVEL

4. MGT 401 (3 Semester Hours) MUST BE TAKEN IN THE LAST SEMESTER BEFORE GRADUATION

5. MKT 301 (3 Semester Hours) MAY ONLY BE TAKEN AFTER ADMISSION TO UPPER LEVEL

6. One course (3 Semester Hours) from a functional area of Business (ACC, FIN, MGT, MKT). MAY ONLY BE TAKEN AFTER ADMISSION TO UPPER LEVEL.

D. MAJOR/MINOR REQUIREMENTS

All students must complete the requirements for at least one major in one of the areas of specialization. Additionally, students may elect to complete a minor in an area of specialization other than their major. The minor may be in an area of specialization offered by the School of Business Administration or by another school or college of the University. The major and minor requirements are specified by each department. All specialization (major/minor) requirements must be taken for a grade and completed with a grade of C- or higher with an overall grade point average in all major and minor courses attempted of at least a 2.0 unless a higher average is prescribed for a specific major or minor.

Dual Majors are also possible, pending proper scheduling. The only specialized courses that can be counted toward two majors or a major and a minor are those courses specifically listed by number as required for both majors and minors. The elective business departmental courses required for one major or minor may not be utilized to satisfy requirements for a second major or minor. Business students desiring another major outside the School of Business must complete all requirements for both degrees and majors. Students in other colleges and schools desiring a major in the School of Business must complete all requirements for both degrees and majors.

Students are required to finalize their majors and minors prior to the start of their senior year and advise the Office of Undergraduate Business. Students are advised that it often takes more than the minimum 120 semester hours to complete a minor or second major.

For Bachelor of Business Administration Majors

Areas of Major Specialization Responsible Department
Accounting (ACC)
ACC
Computer Information Systems (CIS)
CIS
Economics (ECO)
ECO
Entrepreneurship (ENT)
MGT
Finance (FIN)
FIN
Human Resource Management (HRM)
MGT
International Finance and Marketing (IFM)
FIN
Legal Studies (LST)
BSL
Management (MGT)
MGT
Marketing (MKT)
MKT
Political Science (POLB)
POL

For Bachelor of Business Administration Majors

Areas of Minor Specialization in business Responsible Department
Accounting (ACCB)
ACC
Computer Information Systems (CIS)
CIS
Economics (ECOB)
ECO
Finance (FIN)
FIN
International Business (IBU)
FIN
Legal Studies (BSL)
BSL
Management (MGTB)
MGT
Management Science (MAS)
MAS
Marketing (MKTB)
MKT
Political Science (POLB)
POL

Areas of Minor Specializations offered by other colleges and schools

Please see the college, school, or department section within the Bulletin.

E. OTHER ELECTIVES (as required to achieve 120 semester hours)

All undergraduate courses offered by the University may be used as other electives with the following exceptions. Not more than eight credits in applied music including band can be used. Courses taken in the following subjects require prior approval of the Dean: athletic, physical and recreational activity courses offered in Exercise and Sport Sciences, Paralegal Studies, Vocal Performance and Teaching and Learning. Additionally, ENG 103, Basic Writing Skills and MTH 099, Intermediate Algebra are offered not for credit toward graduation. Other electives may be taken for Credit Only.

ACADEMIC PROGRAM FOR BACHELOR OF SCIENCE

The Bachelor of Science degree in the School of Business emphasizes quantitative foundation courses. All Bachelor of Science majors in the School of Business complete areas A, B, C, D, and E as listed below:

Areas of Study: (All courses except “other elective courses” must be taken for a graded credit.):

A. REQUIRED GENERAL EDUCATION:

(Approved Freshman Seminars may be used to satisfy some of the General Education requirements.)

1. English (9 Semester Hours)

a. ENG 105 and ENG 106
b. Select one course from ENG 306, ENG 330, ENG 331 or COS 333

2. Arts and Humanities (12 Semester Hours)
Select one from each of first three areas

a. Fine Art
Any fine art course such as: art or art appreciation, music or music appreciation or theory, theater or theater appreciation, architecture or architecture appreciation, 200 level dance or dance appreciation, survey of motion pictures, creative writing, public speaking.

b. English Literature
Any literature course in the English language. May be at the 200 level or above.

c. Philosophy or Religion
Any course in philosophy or religion.

d. A second course from any of the above fields – or – a graded course in a foreign (not native or heritage) language at level 102 or above.

3. Quantitative Foundation (14 Semester Hours)

a. MTH 111 and MTH 112
b. MAS 311 and MAS 312

4. Natural World (8 Semester Hours)
Science courses to total at least 8 credits

5. People and Society (15 Semester Hours)

a. One People and Society course such as anthropology, history, psychology, sociology, or ECO 211.
b. ECO 301, ECO 302
c. POL 211, POL 213

6. Writing Across the Curriculum- All students must complete a minimum of five courses (15 semester hours) designated as writing (W) courses to qualify for graduation.

7. General Education Elective (2-3 Semester Hours): Choose one course from a department outside the School of Business Administration. MASS majors use MTH 210 as general education elective.

B. BUSINESS FOUNDATION REQUIREMENTS

1. ACC 211 and ACC 212 (6 Semester Hours)

2. BSL 212 (3 Semester Hours)

C. UPPER LEVEL BUSINESS CORE

1. CIS 410 (3 Semester Hours) CISS majors will take CIS 465

2. FIN 302 (3 Semester Hours) MAY ONLY BE TAKEN AFTER ADMISSION TO UPPER LEVEL

3. MGT 303 and MGT 304 (6 Semester Hours) MAY ONLY BE TAKEN AFTER ADMISSION TO UPPER LEVEL

4. MGT 401 (3 Semester Hours) MUST BE TAKEN IN THE LAST SEMESTER BEFORE GRADUATION

5. MKT 301 (3 Semester Hours) MAY ONLY BE TAKEN AFTER ADMISSION TO UPPER LEVEL

6. One course (3 Semester Hours) from a functional area of Business (ACC, FIN, MGT, MKT). MAY ONLY BE TAKEN AFTER ADMISSION TO UPPER LEVEL.

D. MAJOR/MINOR REQUIREMENTS

All students must complete the requirements for at least one major in one of the areas of specialization. Additionally, students may elect to complete a minor in an area of specialization other than their major. The minor may be in an area of specialization offered by the School of Business Administration or by another school or college of the University. The major and minor requirements are specified by each department. All specialization (major/minor) requirements must be taken for a grade and completed with a grade of C- or higher with an overall grade point average in all major and minor courses attempted of at least a 2.0 unless a higher average is prescribed for a specific major or minor.

Dual Majors are also permitted, pending proper scheduling. The only specialized courses that can be counted toward two majors or a major and a minor are those courses specifically listed by number as required for both majors and minors. The elective business departmental courses required for one major or minor may not be utilized to satisfy requirements for a second major or minor. Business students desiring another major outside the School of Business must complete all requirements for both degrees and majors. Students in other colleges and schools desiring a major in the School of Business must complete all requirements for both degrees and majors.

Students are required to finalize their majors and minors prior to the start of their senior year and advise the Office of Undergraduate Business. Students are advised that it often takes more than the minimum 120 semester hours to complete a minor or second major.

For Bachelor of Science Majors

Areas of Major Specialization Responsible Department
Accounting (ACCS)
ACC
Computer Information Systems (CISS)
CIS
Economics (ECOS)
ECO
Entrepreneurship (ENTS)
MGT
Finance (FINS)
FIN
Human Resource Management (HRMS)
MGT
International Finance and Marketing (IFMS)
FIN
Legal Studies (LSTS)
BSL
Management (MGTS)
MGT
Management Science (MASS)
MAS
Marketing (MKTS)
MKT
Political Science (POLS)
POL

For Bachelor of Science Majors

Areas of Minor Specialization in business Responsible Department
Accounting (ACCB)
ACC
Business Law (BSL)
BSL
Computer Information Systems (CIS)
CIS
Economics (ECOB)
ECO
Finance (FIN)
FIN
International Business (IBU)
FIN
Management (MGTB)
MGT
Management Science (MAS)
MAS
Marketing (MKTB)
MKT
Political Science (POLB)
POL

Areas of Minor Specialization offered by other colleges and schools
Please see the college, school, or department section within the Bulletin.

MINORS IN BUSINESS ADMINISTRATION
(9-18 Semester Hours for Minor)

The School of Business Administration cooperates with other schools and colleges of the University by offering minors in:

Business Administration
Business Law
Computer Information Systems
Economics
Finance
Management
Management Science
Marketing
Political Science

The International Business minor and the Accounting minor are offered only to undergraduate business students.

Students interested in completing a minor offered by the School of Business Administration should consult with the academic advisor in the school or college of their major to determine if a minor in business is acceptable. The student must also consult with an academic advisor in the Office of Undergraduate Business for assistance in planning the minor. All courses within the minor must be taken for a grade and completed with a C- or higher grade with an overall grade point average of at least 2.0 in all minor courses unless a higher grade or grade point average is prescribed by the department. All courses in the minor department in which the student enrolls will count toward the minor grade point average.

The minor in Business Administration (BUA) consists of four courses (12 semester hours). The required courses for the minor in Business Administration are:

Accounting 211 Three (3) semester hours
Management 304 Three (3) semester hours
Finance 300 Three (3) semester hours
Marketing 301 Three (3) semester hours
Total Twelve (12) semester hours

NOTE: A student must have 30 earned credits before enrolling in ACC 211. Additionally, a student must have 60 earned credits before enrolling in a FIN, MGT, or MKT course. It is recommended that ACC 211 is the first course taken for the BUA minor.

For a listing of the course requirements for other minors, consult the Bulletin section for the department that offers the minor.

GENERAL HONORS PROGRAM IN THE SCHOOL OF BUSINESS

Students who have demonstrated superior performance may receive academic advantages, certain privileges, and recognition by participation and successful completion of the General Honors Program of the School of Business Administration.

The core for the SBA General Honors is 15 credits taken in sections designated “Honors.”:

BSL 212
Introduction to Business Law
MKT 301
Marketing Foundations
FIN 302
Fundamentals of Finance
MGT 304
Organizational Behavior
MGT 401
Strategic Management

In addition, nine hours of courses outside of Business that are designated “Honors” will also be taken. The honors student who maintains a 3.5 grade point average will receive the notation, “General Honors in Business” on the transcript.

GRADUATION HONORS

GRADUATION HONORS

• Students who qualify based on their grade point average and who desire to graduate with graduation honors, Magna cum laude or Summa cum laude Honors must complete approved independent study, senior thesis or other designated courses and successfully complete an approved thesis or project.

• Students planning to accomplish these requirements must consult with the department chairperson for their major prior to their senior year of study.

• For details consult the Office of Undergraduate Business and the Office of the Honors Program.

HONOR SOCIETIES

Beta Alpha Psi Accounting
Beta Gamma Sigma Business
Omicron Delta Epsilon Economics
Pi Sigma Alpha Political Science
Hyperion Council School of Business

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