2017-2018 Undergraduate Catalog
Archived Catalog
Business Administration, B.S. |
122 Credits Required for Business Adminstration, B.S. Degree
The Business Administrationmajor offers career-minded students the opportunity to gain a broad understanding of the primary areas of business. After graduation, Business Administration majors go on to find challenging managerial careers in private enterprises, government agencies, and nonprofit organizations.
The Business Administration major is designed to introduce students to areas that are critical to an understanding of how businesses operate: accounting, economics, finance, information systems, management, and marketing. In addition, each student in the Business Administration major has the opportunity to take upper-level courses in all of these fields. Students supplement classroom teaching with practical experience by working in various settings through completion of an internship in Business Administration. Thus, students gain both the breadth and depth of knowledge necessary for future success in a variety of careers.
Students pursuing the Business Administration degree must select from one of the following three tracks: Human Resources, International Business, or Finance. The track outcomes below describe the specific focus for each area.
Accreditation
Neumann University’s Business Administration major is accredited by the Accreditation Council for Business Schools and Programs, 11520 West 119th Street, Overland Park, KS 66213; Telephone: 913-339-9356, Fax: 913-339-6226; or www.acbsp.org
Program Outcomes
In addition to meeting Business Division program outcomes, upon successful completion of this program, the graduate with a major in Business Administration will:
- Address management challenges using critical thinking and analysis.
- Make appropriate business decisions using a company’s data and reports.
- Implement business theory in an effective manner.
- Integrate moral reasoning and Franciscan values when assessing corporate responsibility and leadership.
Additionally, the Track program outcomes are as follows:
Human Resources Track
- Complete a job analysis and write a professional job description and job specifications for the position.
- Synthesize information to evaluate the effectiveness of recruiting methods and the validity of selection methods.
- Design and evaluate a training program to develop employees for future success.
- Create a compensation plan with the pay structure and appropriate pay grades and ranges.
- Critique the performance management systems identifying the advantages and disadvantages of common systems currently used in organizations.
International Business Track
- Explain and use cultural dimensions and demonstrate an understanding of political and legal systems to help solve cross-border cases and analyze reports from a global perspective.
- Critique strategic international marketing and management practices in a global business environment, including examining the impact of the political, economic, social, legal, and cultural factors in countries.
- Participate in an experiential learning opportunity in another country (or similar approved opportunity) and compare and contrast the classroom experience to an actual international business excursion.
Finance Track
- Apply financial planning knowledge in an integrated approach to real life financial planning situations. Advise on a variety of complex financial issues and develop comprehensive financial plans.
- Identify the cycle of monetary resource creation and disbursement within a financial institution and apply appropriate regulatory applications.
- Analyze financial statements of companies, calculate intrinsic value of a firm, and project its financial statements.
- Calculate intrinsic values of financial assets: bonds, stocks, and options. Maximize risk-adjusted return. Build a diversified portfolio of financial assets based on a prescribed criteria.
Admission Criteria
Candidates for admission to the Business Administration major are required to:
- Have a minimum 2.25 cumulative GPA.
- Complete at least 30 credits (and up to 75 credits), including the general business, major, track, and NU core requirements specific to the Business Administration major that are listed in the first year of the Recommended Four-Year Plan detailed below. Transfer students from another regionally accredited college or university, or from another division from within Neumann University, must have their application to the major reviewed by the Dean of Business and Information Management after their first semester of taking Division of Business and Information Management courses at Neumann.
Progression Criteria/Degree Requirements
Progression in the Business Administration major leading to a Bachelor of Science degree requires students to:
- Maintain a minimum 2.00 cumulative GPA.
- Achieve a grade of “C” or higher for all general business, major, track, and NU core requirements specific to the Business Administration major.
- Complete a minimum of 122 credits.
Division Repeat Policy
- General business, major, track, and NU core requirements specific to Business Administration may only be repeated once. Students must have written permission from the Dean of Business and Information Management to take a course for the third time.
- In total, only three different general business, major, track, or NU core requirements specific to Business Administration may be repeated.
- Failure to earn a grade of “C” or better for general business, major, track, or NU core requirements specific to Business Administration may result in dismissal from the Division.
NU Core Requirements for Business Administration Majors: 41 Credits
- ECON 101 Introduction to the Economy and Personal Finance 3 Credits
- MATH 102 Introductory Statistics 3 Credits
- PHIL 202 Business Ethics 3 Credits
- NU Core Courses 32 Credits
General Business Requirements: 33 Credits
- ACT 103 Financial Accounting 3 Credits
- MGT 100 Principles of Management 3 Credits
- MKT 100 Principles of Marketing 3 Credits
- BUS 202 Business Statistics 3 Credits
- BUS 250 Business Communications 3 Credits
- CIS 220 Management Information Systems 3 Credits
- ECON 202 Firms and Markets 3 Credits
- BUS 309 Legal Aspects of Business 3 Credits
- BUS 321 International Business 3 Credits
- FIN 301 Principles of Financial Management 3 Credits
- MGT 415 Production and Operations Management 3 Credits
Major Requirements (for ALL Business Admin tracks): 15 Credits
- ACT 104 Managerial Accounting 3 Credits
- MGT 242 Organizational Behavior 3 Credits
- MGT 460 Seminar in Management Policy 3 Credits
- BUS 394 Internship or BUS 494 Internship 3 Credits
- 2/3/400+ level ACT/BUS/CIS/ECON/FIN/MKT/MGT/SM or MATH 110 + level or 200+ level Foreign Language 3 Credits
Human Resource Track Requirements: 15 Credits
- CDM 206 Effective Public Speaking 3 Credits
- MGT 305 Human Resource Management 3 Credits
- MGT 308 Compensation and Benefits 3 Credits
- MGT 418 Training and Development 3 Credits
- MGT 428 Current Issues in Human Resource Management 3 Credits
International Business Track Requirements: 15 Credits
- MGT 322 International Management 3 Credits
- MKT 323 International Marketing 3 Credits
- ECON 324 International Finance and Economics 3 Credits
- MGT 420 Global Business Practices 3 Credits
- BUS 401 Overseas Experience or 200+ level Foreign Language or 300+ level International Studies 3 Credits
Finance Track Requirements: 15 Credits
- ACT 210 Intermediate Accounting I 3 Credits
- FIN 307 Wealth Management or ECON 324 International Finance and Economics 3 Credits
- FIN 317 Financial Markets and Institutions 3 Credits
- FIN 427 Investment Analysis and Portfolio Management 3 Credits
- ACT 480 Independent Study Project (ISP) Credit Varies
Year 1 HR - Freshman - FALL (16 Credits)
- INT 101 The Neumann Experience 1 Credit
- THEO 104 Theological Foundations or HIST 100+/200+ level Core 3 Credits
- ENG 101 Rhetoric and Writing I 3 Credits
- ACT 103 Financial Accounting or ECON 101 Introduction to the Economy and Personal Finance 3 Credits
- MATH 102 Introductory Statistics 3 Credits
- MGT 100 Principles of Management or MKT 100 Principles of Marketing 3 Credits
Year 1 HR - Freshman - SPRING (15 Credits)
- ENG 102 Rhetoric and Writing II 3 Credits
- Foreign Language 102+ level or Minor Course or General Elective 3 Credits
- THEO 104 Theological Foundations or HIST 100+/200+ level Core 3 Credits
- ACT 103 Financial Accounting or ECON 101 Introduction to the Economy and Personal Finance 3 Credits
- MGT 100 Principles of Management or MKT 100 Principles of Marketing 3 Credits
Year 2 HR - Sophomore - FALL (15-16 Credits)
- PHIL 102 Exploring Ethics 3 Creditsor Science Core with Lab 4 Credits
- BUS 202 Business Statistics or MGT 242 Organizational Behavior 3 Credits
- BUS 250 Business Communications or CIS 220 Management Information Systems 3 Credits
- Foreign Language 101 level or Minor Course or General Elective 3 Credits
- ACT 104 Managerial Accounting or CDM 206 Effective Public Speaking 3 Credits
Year 2 HR - Sophomore - SPRING (15 -16 Credits)
- PHIL 102 Exploring Ethics 3 Creditsor Science Core with Lab 4 Credits
- Foreign Language 102+ level or Fine Arts Core 3 Credits
- BUS 250 Business Communications or CIS 220 Management Information Systems 3 Credits
- BUS 202 Business Statistics or MGT 242 Organizational Behavior 3 Credits
- ACT 104 Managerial Accounting or CDM 206 Effective Public Speaking 3 Credits
Year 3 HR - Junior - FALL (15 Credits)
- MGT 305 Human Resource Management 3 Credits
- BUS 309 Legal Aspects of Business or BUS 321 International Business 3 Credits
- ECON 202 Firms and Markets or PHIL 202 Business Ethics 3 Credits
- THEO 200+ level or Fine Arts Core or English Literature Core 3 Credits
- Minor Course or General Elective 3 Credits
Year 3 HR - Junior - SPRING (15 Credits)
- MGT 308 Compensation and Benefits 3 Credits
- ECON 202 Firms and Markets or PHIL 202 Business Ethics 3 Credits
- BUS 309 Legal Aspects of Business or BUS 321 International Business 3 Credits
- BUS 394 Internship or BUS 494 Internship or FIN 301 Principles of Financial Management 3 Credits
- THEO 200+ level or Fine Arts Core or English Literature Core 3 Credits
Year 4 HR - Senior - Fall (15 Credits)
- MGT 415 Production and Operations Management 3 Credits
- MGT 418 Training and Development 3 Credits
- BUS 394 Internship or BUS 494 Internship or FIN 301 Principles of Financial Management 3 Credits
- Minor Course or General Elective 3 Credits
-
Minor Course or General Elective 3 Credits
Year 4 HR - Senior - SPRING (15 Credits)
- MGT 428 Current Issues in Human Resource Management 3 Credits
- MGT 460 Seminar in Management Policy 3 Credits
- 2/3/400+ level any BIM course or MATH 110 + level or 200+ level Foreign Language 3 Credits
- Minor Course or General Elective 3 Credits
- Minor Course or General Elective 3 Credits
Year 1 Int’l Bus - Freshman - FALL (16 Credits)
- INT 101 The Neumann Experience 1 Credit
- THEO 104 Theological Foundations 3 Creditsor HIST 100+/200+ Core 3 Credits
- ENG 101 Rhetoric and Writing I 3 Credits
- ECON 101 Introduction to the Economy and Personal Finance or ACT 103 Financial Accounting 3 Credits
- MATH 102 Introductory Statistics 3 Credits
- MGT 100 Principles of Management or MKT 100 Principles of Marketing 3 Credits
Year 1 Int’l Bus - Freshman - SPRING ( 15 Credits)
- ENG 102 Rhetoric and Writing II 3 Credits
- Foreign Language 102+ level or Minor Course or General Elective 3 Credits
- THEO 104 Theological Foundations or HIST 100+/200+ Core 3 Credits
- ACT 103 Financial Accounting or ECON 101 Introduction to the Economy and Personal Finance 3 Credits
- MGT 100 Principles of Management or MKT 100 Principles of Marketing 3 Credits
Year 2 Int’l Bus - Sophomore - FALL (15-16 Credits)
- PHIL 102 Exploring Ethics 3 Creditsor Science Core with Lab 4 Credits
- BUS 202 Business Statistics or MGT 242 Organizational Behavior 3 Credits
- BUS 250 Business Communications or CIS 220 Management Information Systems 3 Credits
- Foreign Language 101 level or Minor Course or General Elective 3 Credits
- ACT 104 Managerial Accounting or BUS 321 International Business 3 Credits
Year 2 Int’l Bus - Sophomore- SPRING (15-16 Credits)
- PHIL 102 Exploring Ethics 3 Creditsor Science Core with Lab 4 Credits
- Foreign Language 102+ level or Fine Arts Core 3 Credits
- BUS 250 Business Communications or CIS 220 Management Information Systems 3 Credits
- BUS 202 Business Statistics or MGT 242 Organizational Behavior 3 Credits
- ACT 104 Managerial Accounting or BUS 321 International Business 3 Credits
Year 3 Int’l Bus - Junior - FALL (15 Credits)
- MKT 323 International Marketing 3 Credits
- THEO 200+ level or Fine Arts Core or English Literature Core 3 Credits
- ECON 202 Firms and Markets or PHIL 202 Business Ethics 3 Credits
- BUS 401 Overseas Experience or 200+ level Foregin Language or 300+ level International Studies 3 Credits
- Minor Course or General Elective 3 Credits
Year 3 Int’l Bus - Junior - SPRING (15 Credits)
- MGT 322 International Management 3 Credits
- FIN 301 Principles of Financial Management 3 Credits
- ECON 202 Firms and Markets or PHIL 202 Business Ethics 3 Credits
- BUS 394 Internship or BUS 494 Internship or BUS 309 Legal Aspects of Business 3 Credits
- THEO 200+ level or Fine Arts Core or English Literature Core 3 Credits
Year 4 Int’l Bus - Senior - FALL (15 Credits)
- MGT 415 Production and Operations Management 3 Credits
- ECON 324 International Finance and Economics 3 Credits
- BUS 394 Internship or BUS 494 Internship or BUS 309 Legal Aspects of Business 3 Credits
- Minor Course or General Elective 3 Credits
- Minor Course or General Elective 3 Credits
Year 4 Int’l Bus - Senior - SPRING (15 Credits)
- MGT 460 Seminar in Management Policy 3 Credits
- MGT 420 Global Business Practices 3 Credits
- 2/3/400+ level any BIM course or MATH 110 + level or 200+ level Foreign Language 3 Credits
- Minor Course or General Elective 3 Credits
- Minor Course or General Elective 3 Credits
Year 1 FIN - Freshman - FALL (16 Credits)
- INT 101 The Neumann Experience 1 Credit
- MATH 102 Introductory Statistics 3 Credits
- ENG 101 Rhetoric and Writing I 3 Credits
- ACT 103 Financial Accounting or ECON 101 Introduction to the Economy and Personal Finance 3 Credits
- MKT 100 Principles of Marketing or MGT 100 Principles of Management 3 Credits
Year 1 FIN - Freshman - SPRING (15 Credits)
- ENG 102 Rhetoric and Writing II 3 Credits
- Foreign Language 102+ level or Minor Course or General Elective 3 Credits
- THEO 104 Theological Foundations or HIST 100+/200+ level Core 3 Credits
- ACT 103 Financial Accounting or ECON 101 Introduction to the Economy and Personal Finance 3 Credits
- MGT 100 Principles of Management or MKT 100 Principles of Marketing 3 Credits
Year 2 FIN - Sophomore - FALL (15-16 Credits)
- PHIL 102 Exploring Ethics 3 Creditsor Science Core with Lab 4 Credits
- BUS 202 Business Statistics or MGT 242 Organizational Behavior 3 Credits
- BUS 250 Business Communications or CIS 220 Management Information Systems 3 Credits
- Foreign Language 101 level or Minor Course or General Elective 3 Credits
- ACT 104 Managerial Accounting or BUS 321 International Business 3 Credits
Year 2 FIN - Sophomore - SPRING (15-16 Credits)
- PHIL 102 Exploring Ethics 3 Creditsor Science Core with Lab 4 Credits
- Foreign Language 102+ level or Fine Arts Core 3 Credits
- BUS 250 Business Communications or CIS 220 Management Information Systems 3 Credits
- BUS 202 Business Statistics or MGT 242 Organizational Behavior 3 Credits
- ACT 104 Managerial Accounting or BUS 321 International Business 3 Credits
Year 3 FIN - Junior - FALL (15 Credits)
- ECON 202 Firms and Markets 3 Credits PHIL 202 Business Ethics 3 Credits
- THEO 200+ level or Fine Arts Core or English Literature Core 3 Credits
- BUS 401 Overseas Experience or 200+ level Foreign Language or 300+ International Studies 3 Credits
- MKT 323 International Marketing 3 Credits
- Minor Course or General Elective 3 Credits
Year 3 FIN - Junior - SPRING (15 Credits)
- ECON 202 Firms and Markets 3 Credits PHIL 202 Business Ethics 3 Credits
- THEO 200+ level or Fine Arts Core or English Literature 3 Credits
- FIN 301 Principles of Financial Management 3 Credits
- BUS 394 Internship or BUS 494 Internship or BUS 309 Legal Aspects of Business 3 Credits
- MGT 322 International Management 3 Credits
Year 4 FIN - Senior - FALL (15 Credits)
- MGT 415 Production and Operations Management 3 Credits
- BUS 394 Internship or BUS 494 Internship or BUS 309 Legal Aspects of Business 3 Credits
- ECON 324 International Finance and Economics 3 Credits
- Minor Course or General Elective 3 Credits
- Minor Course or General Elective 3 Credits
Year 4 FIN - Senior - SPRING (15 Credits)
- MGT 460 Seminar in Management Policy 3 Credits
- MGT 420 Global Business Practices 3 Credits
- 2/3/400+ level any BIM course or MATH 110 + level or 200+ level Foreign Language 3 Credits
- Minor Course or General Elective 3 Credits
- Minor Course or General Elective 3 Credits