your adventure in

College of Business

View PDF

David Spalding, Dean
Danny J. Johnson, Associate Dean
Russ Laczniak, Associate Dean
Scott Grawe, Associate Dean
 

www.business.iastate.edu

Objectives of the Curriculum in Business

The instructional objective of the College of Business is to provide a high quality professional education in business. Such an education should provide the student with: (1) an appreciation of the evolution of the profession and an awareness of the ethical, global, technological, economic, political and social forces shaping its future; (2) an understanding of the major functional areas of business with the opportunity for specialization for a career in business; (3) an ability to recognize and appreciate the affect of diversity in the work place; (4) an opportunity for advanced study.

A comprehensive education in business includes a broad foundation in the liberal arts, courses in the major functional areas of business activity, proficiency in analytical methods, and the ability to identify problems and arrive at logical solutions. In addition, a professional education is designed to inspire students to assume business and community leadership.

The curriculum in business is accredited by AACSB International, the Association to Advance Collegiate Schools of Business.

Organization of Curriculum

The undergraduate curriculum in business is divided into three areas: a general education program, a pre-professional business program, and a professional business program. The general education program provides a broad spectrum of liberal arts coursework.  The pre-professional business requirements provide a foundation in pre-business coursework. The professional program includes two parts: (1) the business core which provides a common body of knowledge in all the functional areas in business, and (2) a major area of study. The eight majors offered for the degree bachelor of science (B.S.) are accounting, business economics, entrepreneurship, finance, management, management information systems, marketing, and supply chain management. The college also offers a secondary major in international business. Elective courses are part of the curriculum.

Required High School Preparation

Students entering the pre-business curriculum must present evidence of the following high school preparation:

a. Four (4) years of English/Language Arts, emphasizing writing, speaking, and reading as well as an understanding and appreciation of literature.

b. Three (3) years of mathematics, including one year each of algebra, geometry, and advanced algebra.

c. Three (3) years of science, including one year each of courses from two of the following fields: biology, chemistry, and physics;

d. Two (2) years of social studies.

Curriculum Changes

Iowa State University students who want to change their curriculum to the College of Business must attend a curriculum change meeting. See Changing Curriculum or Major for more details on this process. Students on Academic Probation will not be allowed to change curriculum to the College of Business during enrollment period three. See Making Schedule Changes.

Admission Standards to Professional Programs

All new entering students and curriculum change students are enrolled in the pre-business curriculum. To enter the professional program in the College of Business, students must complete any required ENGL 099 Strategies for Nonnative Speakers of English courses, any required ENGL 101 English for Native Speakers of Other Languages courses, ENGL 150 Critical Thinking and Communication, and the following foundation courses or their approved substitutions:

MATH 150Discrete Mathematics for Business and Social Sciences3
COM S 113Introduction to Spreadsheets and Databases3
ECON 101Principles of Microeconomics3
ECON 102Principles of Macroeconomics3
STAT 226Introduction to Business Statistics I3
ACCT 284Financial Accounting3
BUSAD 102Business Learning Team Orientation1
or BUSAD 103 Orientation
BUSAD 250Introduction to Business3

In addition, all students must achieve an Iowa State University cumulative grade point of 2.5 or a grade-point average of 2.5 in the foundation courses listed above. Admission into the professional program is a prerequisite for pre-business students to gain admission into upper-level business classes.

Students who meet the following requirements qualify for early admission to the professional program. First Semester Freshman: ACT score of 30 or higher, or ranked in the top 5% of high school class, or National Merit/Achievement Finalist, or member of the Freshman Honors Program. All other Students: minimum ISU cumulative GPA of 3.50 in at least 12 credits or full member of the University Honors Program.

If using the foundation courses for admission to the Professional Program, both transfer grades and Iowa State University grades are used to compute the grade point average. If foundation courses initially taken at Iowa State University need to be repeated, they must be repeated at Iowa State University. With the exception of ACCT 285 Managerial Accounting, pre-business students do not have access to business core classes. To facilitate registration, qualified students may be conditionally admitted during the semester in which they complete the admission requirements.

Admission requirements are subject to change. Applications and the current requirements for admission to the College of Business are available on the Web at https://apps.bus.iastate.edu/ProfessionalProgram/.

Academic Standards and Graduation Requirements

Policies for students enrolled in the College of Business may be obtained at http://www.business.iastate.edu/undergraduate/ or from the Undergraduate Programs Office in the College of Business.

Students are responsible for knowing and adhering to these College of Business policies as well as the university regulations found in this catalog. The following policies are in effect for students graduating from a professional curriculum in business with a B.S. degree under the 2016-2017 catalog:

  1. A minimum of 122 semester credits are required.
  2. At least 50 percent of the required business credits must be earned at Iowa State. All 300 level and higher business credits must be earned at a four-year college.
  3. A minimum of 12 credits of the last 32 credits earned in residence must be applied to the business core and/or the major.
  4. The major departments reserve the right to determine the appropriate section of the degree program to which transfer credits will be assigned.
  5. Students must achieve communication proficiency by earning a grade of C or better in two of the three required English courses.
  6. A student must earn a grade of C or higher in a minimum of 30 credits applied to the business core and the major.
  7. A student must earn at least 42 credits of 300 level and higher coursework from a four-year institution.
  8. Business majors may not take business courses Pass-Not Pass (P/NP).
  9. General education courses may not be taken P/NP.
  10. No more than 9 elective credits may be taken P/NP.
  11. The last 32 credits applied for graduation must be taken at ISU. A waiver for Study Abroad and Internship/Co-ops may be granted. 

Advising System

Each student in the College of Business has an assigned academic adviser who helps facilitate student progress toward graduation while supporting the academic standards of the College. Students enter as Pre-Business majors and are guided toward their entrance to the Professional Program (business major) with assistance from professional advisers who continue to work with them through graduation.

Advisers, as part of the Undergraduate Programs Office staff, provide academic services to Business students including development of academic plans, study abroad planning, accessing pertinent University services and resources, and meeting their overall educational objectives.

The College encourages students to attend an orientation program prior to their entry, where information is shared and evaluated to help set the student out on the academic path appropriate to their goals, preparation, interests, and capabilities.

Honors

Entering freshmen who meet one of the following criteria, and have a minimum English ACT of 24, will be invited to apply for membership in the Freshman Honors Program: earned an ACT composite of 30, or ranked in the top 5% of their high school classes; or selected as a National Merit or National Achievement finalist.

Enrolled students who have completed 12 graded credits at Iowa State University and earned a 3.50 GPA can be admitted as a full member of the Honors Program. To qualify for full membership, students must have declared a major, developed a program of study, and have a minimum of 48 credits remaining before graduation. Designated advisers will assist honors students in developing an appropriate program of study.

Internships

Credit and non-credit internships in business may be approved for College of Business students in all majors including pre-business. Credit hours and requirements vary. Arrangements must be made in the college prior to the beginning of the internship. An internship adviser from the Business Career Services Office will assist students in making these arrangements.

Multiple Majors

Undergraduates pursuing a degree in the College of Business may complete additional majors in the College of Business. Those desiring additional majors outside the college should refer to the catalog section of the appropriate college and department for the additional major requirements. A multiple major in business economics and agricultural business or economics is not permitted. A major in business economics with a minor in economics is not permitted.

Undergraduates with a primary major outside the College of Business who want a second major in business must meet the admission requirements for the professional program as well as complete the following requirements: Foundation, Supporting Courses, Business Core, and major requirements. (Refer to the current Curriculum Guide).

All students pursuing multiple majors or multiple degrees within the College of Business are required to have a minimum of 15 credits of coursework in each major that is not used in the other majors.

Students are limited to three business majors/degrees within the College of Business, or a total of three business major/minors within the college. This limit is on business majors/degrees/minors only, and does not apply to multiple majors/degrees/minors taken outside the College of Business.

Second Majors and Minors

International Business Secondary Major

A student in the College of Business may earn a secondary major in International Business. The requirements for this major include 12 credits of international business courses, one year of the same university-level foreign language (minimum 6 credits) and an approved international experience (minimum 3 months). Students who pursue this secondary major will be required to complete the requirements for a primary major in Business. Fifteen of the 18 credits required for the International Business major may not be used for the primary major.

Minor in International Business

Students with a major in the College of Business may earn a minor in International Business by completing 15 credits of approved course work and an approved study abroad experience of 12 weeks, or one year of foreign language study and completion of an approved study tour course offered by the College of Business. The minor must include at least 6 credits numbered 300 or above taken at Iowa State University with a grade of C or higher.  Students with declared majors have priority over students with declared minors in courses with space constraints.

Minor for Business Students

Students with a major in the College of Business may qualify for a minor specialization in one of the college’s departments by taking at least 15 credit hours in the minor specialization, nine hours of which may not be used to satisfy any other department, college, or university requirement. The minor must include at least 6 credits in courses numbered 300 or above taken at Iowa State University with a grade of C or higher. Students with declared majors have priority over students with declared minors in courses with space constraints.

Students are limited to three business majors/degrees within the College of Business, or a total of three business major/minors within the college. This limit is on business majors/degrees/minors only, and does not apply to multiple majors/degrees/minors taken outside the College of Business.

Minor for Non-Business Students

The College of Business offers a structured minor in general business to students outside the College. The minor requires a minimum of 15 credits, not including pre-requisite courses. Requirements for the minor are:

ACCT 284Financial Accounting3
ACCT 285Managerial Accounting3
or ACCT 215 Legal Environment of Business
or BUSAD 250 Introduction to Business
Three courses chosen from the following:9
Principles of Finance
Management of Organizations
Management Information Systems
Principles of Marketing
Supply Chain Management

The minor must include at least 6 credits in courses numbered 300 or above taken at Iowa State University. A "C" average or higher is required in all courses used to satisfy the minor requirements. All requirements for the minor must be taken for a grade. Students with a major outside the College of Business are eligible for a general business minor only—not a specialization in a business department.

Non-Business students may not take more than 9 cr. of 300 or 400 level Business courses.

Entrepreneurial Studies Cross-Disciplinary Minor

The College of Business participates in a cross-disciplinary minor in Entrepreneurial Studies. This minor is available to any undergraduate student. Requirements for the minor include, MGMT 310 Entrepreneurship and Innovation (3 credits), either MGMT 313 Feasibility Analysis and Business Planning or MGMT 410 Social Entrepreneurship (3 credits), two business-oriented electives from an approved list (6 credits), and an experiential learning component (3 credits). The approved list of courses is available in the Undergraduate Programs Office in the College of Business at http://www.business.iastate.edu/undergraduate/minors/entrepreneurship.

Non-degree Seeking Students

Students who wish to take courses in the College of Business, but are not seeking an undergraduate degree, should apply to the college as non-degree seeking students. Non-degree seeking students are eligible to take up to 9 credits in 300-level and above business courses without meeting the college’s admission requirements.

Upper Division Courses for Students Outside the College

Students from outside the College of Business are eligible to take up to 9 credits of 300-level and above business courses without meeting the college’s admission requirements to the professional program, as long as they meet course prerequisites.

Graduate Study

Five programs are offered at the master’s level: a master of business administration (MBA), a master of accounting (MAcc), a master of business analytics (MoBA), a master of finance (MFin), and a master of science in information systems (MSIS). These programs are intended to meet distinct sets of educational objectives.

The master of business administration (MBA) is the professional management education program for those pursuing careers in business. The goal of the MBA program is to educate future business leaders preparing them for the challenges of tomorrow by giving them the vision, knowledge, skills, and confidence to make the best decisions for all involved stakeholders. The MBA program consists of a 48-credit curriculum leading to a non-thesis, non-creative component master of business administration. Students may pursue a specialization in accounting, finance, information systems, marketing, or supply chain management. The College of Business also offers a business administration minor to students with majors outside the college.

A concurrent BS/MBA is available to eligible engineering undergraduate students majoring in aerospace, agricultural, biosystems, chemical, civil, computer, electrical, industrial, mechanical, or software engineering.  A concurrent BS/MBA is available to eligible undergraduate students majoring in agronomy, agricultural systems technology, animal science, chemistry, food science, and industrial technology.  A concurrent DVM/MBA degree is available to eligible Veterinary Medicine students.

Double degree programs are offered with apparel, merchandising, and design (MBA/MSAMD) architecture (MArch/MBA), community and regional planning (MBA/MCRP), finance (MBA/MFin), information systems (MBA/MSIS), and statistics (MBA/MS Statistics). There is also a finance and economics double degree (MFin/MSEcon).

The master of accounting (MAcc) is designed to meet the needs of accountants in public or private accounting, focusing on interpreting and analyzing accounting information for decision-making. Additionally, the MAcc program is designed to help interested candidates meet the 150-hour education requirement for CPA certification in Iowa. The 30 hour program requires 15 hours of graduate accounting courses, an international topics course, and 12 hours of non-accounting graduate credits, including a communications course.

The master of business analytics (MoBA) is an interdisciplinary program that addresses the challenges of dealing with data analytics and business intelligence in the “Big Data” environment. The goal is to develop managers who will master analytics in ways that lead to increased profits for their company. This blended program offers both online and face-to-face education in a comprehensive approach that draws from Business, Computer Science, Electrical and Computer Engineering, Statistics, and Industrial and Manufacturing Systems Engineering. It provides a foundation in data analytics project management, statistical and predictive modeling, consumer sentiment analysis, knowledge discovery, analytical reporting, segmentation analysis and data visualization. The program requires 30 credits of graduate level courses over a 21 month period. Students start the program with a one-week on-campus initiation class. Students then revisit campus once during the middle and once at the end of the program, while taking online classes during the rest of the time.

A certificate in business analytics is also available for working professionals. The certificate requires a minimum of 12 graduate level approved credits, which may be taken either on-line or face-to-face.

The master of finance (MFin) is designed to provide students with in-depth coverage of financial topics and a strong quantitative skill set. Students will learn financial analysis, valuation, modeling, and risk management techniques. The 40-credit program requires 22 core credits, of which 7 are in economics. 18 credits of electives are required, of which 9 must be in finance.

The master of science in information systems (MSIS) is designed to provide students with strong technical skills and a broad background in business needed to effectively develop and manage information systems projects. Using the latest software, students will apply information systems theory and concepts to modern information systems development. Program requirements range from 30-42 credits depending upon the student’s background. The MSIS curriculum includes business foundation courses, information systems core courses and electives, and a research requirement (creative component).

The College of Business participates in the following graduate level interdepartmental programs: Information Assurance, Human Computer Interaction, Seed Technology and Business, and Transportation.

Ph.D in Business and Technology

The College of Business offers graduate work leading to the Doctor of Philosophy degree in business and technology, with one of five specializations—entrepreneurship (ENTSP), information systems (IS), management (MGMT), marketing (MKT), or supply chain management (SCM). Departments in the college (Management, Marketing, and Supply Chain and Information Systems), and the departments of Statistics, Economics, Psychology, and Sociology cooperate in providing coursework toward this degree. The program prepares individuals for academic careers in research, teaching, and public service at institutions of higher learning in the United States and other countries. The PhD program consists of a 44 credit course curriculum followed by a 12 credit thesis or dissertation. Students do not need to have an undergraduate degree or master’s degree in business in order to qualify for enrollment in the PhD program. However, students without a graduate degree in business will be required to complete 18 credit hours of business foundation courses. For more details or application information contact the Graduate Programs office in the College of Business.

Departments of the College

  • Accounting
  • Finance
  • Management
  • Marketing
  • Supply Chain and Information Systems

Curriculum in Business

The college offers programs of study leading to the degree bachelor of science with a major in accounting, business economics, entrepreneurship, finance, management, management information systems, marketing, or supply chain management. The college also offers a secondary major in international business. Total credits required: 122

See also: A 4-year (8 semester) plan of study for each business degree.

Business Curriculum

Only 65 cr. from a two-year institution may apply which may include up to 16 technical cr.; 9 P-NP cr. of free electives; 2.00 minimum GPA.

International Perspective: 3 cr.

U.S. Diversity: 3 cr.

Communication:

Proficiency met with grade of C or better in 2 of 3 English courses

ENGL 150Critical Thinking and Communication3
ENGL 250Written, Oral, Visual, and Electronic Composition3
ENGL 302Business Communication3
SP CM 212Fundamentals of Public Speaking3
LIB 160Information Literacy1

Humanities/Social Science: 9 cr.

9 cr. from approved humanities/social science list.

Global Perspectives: 6 cr.

6 cr. from approved global perspectives list.

Natural Science: 3 cr.

3 cr. from approved natural sciences list.

Foundation:

BUSAD 102Business Learning Team Orientation1
or BUSAD 103 Orientation
BUSAD 250Introduction to Business3
MATH 150Discrete Mathematics for Business and Social Sciences3
COM S 113Introduction to Spreadsheets and Databases3
ECON 101Principles of Microeconomics3
ECON 102Principles of Macroeconomics3
STAT 226Introduction to Business Statistics I3
ACCT 284Financial Accounting3

Supporting Courses:

BUSAD 203Business Careers and Employment Preparation1
MATH 151Calculus for Business and Social Sciences3
ACCT 215Legal Environment of Business3
ACCT 301The Accounting Cycle (For ACCT majors only)1
MIS 207Fundamentals of Computer Programming (For MIS majors only)3
STAT 326Introduction to Business Statistics II (For ACCT, BUSEC, and FIN majors only)3
PHIL 230Moral Theory and Practice3

 Business Core: 21 cr.

ACCT 285Managerial Accounting3
FIN 301Principles of Finance3
MGMT 370Management of Organizations3
MIS 301Management Information Systems3
MGMT 372Responsible Management and Leadership in Business3
MKT 340Principles of Marketing3
SCM 301Supply Chain Management3
MGMT 478Strategic Management *3
Total Credits24

 *All above core courses must be complete before Mgmt 478.

Electives:

  1. Acct, Fin, and Bus Econ majors will also take STAT 326 Introduction to Business Statistics II as part of the supporting courses. Bus Econ majors will take MATH 160 Survey of Calculus and ECON 207 Applied Economic Optimization instead of MATH 150 Discrete Mathematics for Business and Social Sciences and MATH 151 Calculus for Business and Social Sciences.  Acct majors will take ACCT 301 The Accounting Cycle concurrent with ACCT 285 Managerial Accounting as part of the Supporting Courses. MIS majors will take MIS 207 Fundamentals of Computer Programming as part of the Supporting Courses.
  2. Students not adequately prepared in mathematics may have to take remedial courses in addition to courses listed above. Remedial mathematics courses may not be used to satisfy credit requirements for graduation in the business curricula.
  3. Students may satisfy the Global Perspectives requirement either by taking six credit hours from the University International Perspectives list or three credit hours from the International Perspectives list and three credit hours from the College of Business Global Perspectives list. Approved list of courses is available at http://www.business.iastate.edu/undergraduate/majors or from the Undergraduate Programs Office in the College of Business.
  4. Courses used for the International Perspectives and U.S. Diversity requirements may also be used to fulfill other curriculum requirements or electives and therefore credits are not included in the sum needed.

Professional Programs

The curriculum in accounting is accredited by AACSB International and the Association to Advance Collegiate Schools of Business.

Accounting major: 23 cr.

ACCT 383Intermediate Managerial Accounting3
ACCT 384Accounting Information Systems3
ACCT 386Intermediate Accounting I3
ACCT 387Intermediate Accounting II3
ACCT 485Principles of Federal Income Tax3
ACCT 497Introduction to Auditing3
ACCT 498Capstone in Accounting2
One additional course from department approved list3
Total Credits23

Business Economics major: 19 cr.

ECON 301Intermediate Microeconomics4
ECON 353Money, Banking, and Financial Institutions3
ECON 431Managerial Economics3
ECON 492Graduating Senior SurveyR
Select three additional economics courses from the department approved list9
Total Credits19

Entrepreneurship Major: 18 cr.

MGMT 310Entrepreneurship and Innovation3
MGMT 313Feasibility Analysis and Business Planning3
MGMT 320XCorporate Entrepreneurship, Innovation and Technology Management
Select one capstone:3
ENTSP 480
Applied Entrepreneurship: Executing New Ventures and Projects
ENTSP 485
Trends and Theories of Entrepreneurship
Select two addtional courses from department approved list6
Total Credits18

Finance major: 21 cr.

FIN 310Corporate Finance *3
FIN 320Investments3
Select four FIN courses from the Finance Department approved list (at least two muct be 400-level).12
Select one ACCT course from the Finance Department approved list.:3
Total Credits21

*STAT 326 Introduction to Business Statistics II is highly recommended to be taken as a prerequisite.

Management major: 18 cr.

MGMT 310Entrepreneurship and Innovation3
MGMT 371Organizational Behavior3
MGMT 414International Management3
Select three management elective courses from the department approved list. Students may select courses from one of two tracks, Organizational Leadership or Entrepreneurship. 9
Total Credits18

Management Information Systems major: 18 cr.

MIS 307Intermediate Business Programming3
MIS 310Information Systems Analysis3
MIS 320Database Management Systems3
MIS 340Project Management3
Select two courses from Department list that complete an Elective Cluster.6
Elective Clusters are Application Development, Business Analytics, IT Infrastructure and Security, and Supply Chain Management.
Total Credits18

Marketing major: 18 cr.

MKT 444Marketing Research3
MKT 447Consumer Behavior3
MKT 443Strategic Marketing Management3
Select three additional marketing courses from the department approved list.9
Total Credits18

Supply Chain Management major: 18 cr.

SCM 424Process Management, Analysis, and Improvement3
SCM 453Supply Chain Planning and Control3
SCM 460Decision Tools for Logistics and Operations Management3
SCM 461Principles of Transportation3
SCM 486Principles of Purchasing and Supply Management3
Select one SCM elective course from departmental approved list.3
Total Credits18

Bachelor of Science

The bachelor of science (B.S.) degree offers a high quality professional education in business. It prepares students for professional careers in specialized functions of business and government. Candidates for this degree must satisfy the requirements established by the College of Business and also the requirements for individual majors specified by the departments of the College. All candidates for the B.S. degree are required to complete one of the following majors: accounting, business economics, entrepreneurship, finance, management, management information systems, marketing, or supply chain management.

Majors

Accounting
Business Economics
Entrepreneurship
Finance
International Business (second major only)
Management
Management Information Systems
Marketing
Supply Chain Management