The
University Senate of Michigan Technological University
Proposal
12-09
(Voting
Units: Academic)
A Proposal for a Name Change in an Academic Program from
“B. S. in Business Administration with a Concentration in Finance” to “B. S. in
Finance”
1. . Program
Description
The proposed Finance B.S. degree to be offered by
the School of Business and Economics (SBE) is a spin-off of the current
Bachelor of Science Degree in Business Administration (BSBA) with a Finance concentration. The proposal is to award a
B.S. with a major in Finance. The
BSBA was initiated at Michigan Technological University on February 25, 1955.
Graduates are prepared for careers in industry, consulting, nonprofit
management, or government. The BSBA currently offers concentrations in six
areas: Accounting, Finance, Management,
Marketing, Management Information Systems and Operations and Systems
Management. All students in the BSBA program take a common set of core courses. The curriculum develops strong quantitative
and analytical skills which prepare students for the constantly changing
demands of a technology-oriented society, as well as the teamwork, leadership
and planning skills needed to excel in organizations. The curriculum offers a
strong foundation in science, mathematics, humanities, social sciences, and
computer science during the first two years, a comprehensive common core of
business and economics courses during the third year, and a focused
concentration in a field of business during the fourth year.
2.
Rationale
SBE graduates are currently labeled and marketed
as having a degree (B.S.) with a major in business administration (BA), hence
the BSBA degree. Thus, many of the SBE students who have a Finance
concentration are unlikely to capture the attention of prospective employers.
Having a B. S. degree with a major in Finance adds credibility and recognition
to the B. S. degree and is consistent with other Michigan universities (Related
Programs). We anticipate that having a Finance major will increase job
placement rates at graduation.
3. Related Programs
Central Michigan University: Finance Major
Eastern Michigan University: BBA Finance Major
Ferris State University: BS Finance Program
Grand Valley State: BBA Finance Major
Michigan State University: Finance Major
Northern Michigan University: Finance Major
Oakland University: Finance Major
Saginaw Valley State University: BBA Finance Major
University of Michigan- Ann Arbor: BBA Finance Concentration
University of Michigan- Dearborn: BBA Finance Concentration
University of Michigan- Flint: BBA Finance Concentration
Wayne State University: BBA Finance Major
Western Michigan University: Finance Major
4. Projected
Enrollment
Currently, we have 47 students seeking a Finance concentration. Adopting a Finance major should increase this number due to higher job placement rates.
5. Scheduling Plans
The Finance B.S. will be a regular on-campus program offering.
6. Curriculum Design
The Finance B.S. retains the curriculum design currently in place for the BSBA with a Finance concentration. Two GPAs will be calculated: a cumulative (overall) GPA and a School GPA consisting solely of Business Administration (BA) and Economics (EC) courses.
Required CORE Courses
BA 1100 Introduction to Business 3
BA 1200 IS/IT Fundamentals 3
BA 2110 Quantitative Problem Solving 3
BA 2330 Accounting 1 3
BA 2340 Accounting 2 3
BA 2500 Business Law 3
BA 2700 Business Problem Solving 3
BA 3200 IS/IT Management 3
BA 3400 Principles of Finance 3
BA 3610 Operations Management 3
BA 3700 Organizational Behavior 3
BA 3800 Principles of Marketing 3
BA 4700 Strategic Management 3
EC 2001 Principles of Economics 3
EC 3300 Industrial Organization 3
Credit Total 45
Required Courses
within major
BA 4400 Investment Analysis 3
BA 4410 Advanced Financial Management 3
EC 4400 Banking and Financial Institutions 3
BA 4460 Derivatives and Financial Engineering 3
Credit Total 12
Select 21 credits below. At least 2 courses must come from each group.
Finance Electives
BA 4450 Special Topics in Finance 3
BA 4470 Applied Portfolio Management 3 - 6
BA 4480 Global Finance 3
BA 4490 Personal Financial Planning 3
Credit Total 6-15
Business and Economics Electives
BA 3300 Accounting Theory/Practice I 3
BA 3310 Accounting Theory/Practice II 3
BA 3320 Managerial/Cost Accounting I 3
BA 3780 Entrepreneurship 3
BA 3900 Business Internship 1 - 4
BA 4310 Foundations of Taxation 3
BA 4600 Management of Technology & Innovation 3
BA 4800 Business Research 3
BA 4880 Sales and Sales Management 3
EC 3002 Microeconomic Theory 3
EC 3003 Macroeconomic Theory 3
EC 3030 Game Theory/Strategic Behavior 3
EC 3500 Public Economics 3
EC 4200 Econometrics 3
Credit Total 6 - 15
Mathematics
requirements
(MA 1030, College Algebra I and MA 1031
College Algebra II with Trig, or MA 1032
Data, Functions, & Graphs Plus) 4 - 6
and
(MA 1135, Calculus for Life Sciences or MA 1160
Calculus with Technology I) 4
and
MA 2720 Statistical Methods 4
Credit Total 12 -14
Lab Science
Requirement
BL / Biology , CH / Chemistry , FW / Forestry, GE / Geology , PH / Physics
Credit Total 3-4
General education
requirements
UN 1001 Perspectives 3
UN 1002 World Cultures 4
UN 2001 Revisions 3
UN 2002 Institutions 3
EC 3100 International Economics 3
Humanities, Arts and Social Science Courses 12
Credit Total 28
Free Electives 4-11
Total credits required
128.
7. New Course
Descriptions
No new courses are being submitted as part of the proposed change.
8. Library and other
Learning Resources
The support of the J. R. Van Pelt and John and Ruanne Opie Library is currently sufficient.
9. Computing Access
Fee:
A basic computing access fee is paid by all SBE students and will continue under this major.
10. Faculty Resumes
School of Business and Economics faculty resumes are found at http://www.sbe.mtu.edu/cv/
11. Available Needed
Equipment
All equipment required exists within the SBE labs and classrooms.
12. Program Costs
No new costs are expected because the proposed change is a spin-off of an existing degree.
13. Space
No new labs, classrooms or faculty space is required.
14. Polices,
Regulations and Rules
None are required.
15. Accreditation
Requirements
The BSBA is accredited by AACSB International. The process and criteria for maintaining accreditation is unaffected by the proposed change. The Finance, B. S. will be automatically accredited and subjected to periodic review by AACSB.
16. Internal Status
of Proposal
Faculty School of Business and Economics, date approved 3/20/2009
Dean School of Business and Economics, date approved 3/20/2009
Provost, date approved
University support units date approved
University senate, date approved
Academic Affairs Officers, date approved
Board of Control date approved
17. Planned
Implementation date
Fall semester 2009.
Adopted by Senate: 15 April 2009
Approved by Administration: 22 April 2009
Approved by BOC: 16 July 2009