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Dept of Business & Economics

School of Business -- Majors
Majors

The School of Business offers undergraduate programs leading to the Bachelor of Business Administration (BBA) degree in seven fields. In addition to the BBA degree, the School of Business also offers programs leading to the Bachelor of Arts and Bachelor of Science degrees in Economics and to the Bachelor of Science degree in Computer Science. An 18 hour minor in business administration is also available for students choosing other majors in the University.

The FMU School of Business is fully accredited by the AACSB -The International Association For Management Education. This accreditation assures quality and promotes excellence and continuous improvement in undergraduate and graduate education for business.

Accounting

The accounting profession offers many opportunities in private industry, public accounting, and government. The accounting program is designed to assist students in pursuit of accounting careers in a variety of positions and organizations in these sectors.

Private industry offers opportunities for those interested in management accounting, financial management, financial statement preparation, internal auditing, and tax. Approximately fifty percent of accountants work in private industry in manufacturing, retailing, banking, and service. Small, medium, and large companies have positions in these areas that range from junior accountant up to Chief Financial Officer (CFO).

Public accounting offers opportunities for those interested in auditing, tax, and, consulting. Local, regional, national and international accounting firms have positions ranging from junior accountant up to partner.

Government offers opportunities for those interested in every area of accounting. Positions are at the federal level in the General Accounting Office (GAO), the Internal Revenue Service (IRS), and many other government agencies. Governmental agencies, like companies, need accountants. Application is made through the civil service program at the federal level. Positions in many areas of accounting are also available in government at the local and state levels.

Professional certifications in the accounting area can enhance your opportunities and career success. Certifications available in accounting include the Certified Public Accountant (CPA), the Certified Management Accountant (CMA), the Certified in Financial Management (CFM), the Certified Internal Auditor (CIA), and the Certified Government Financial Manager (CGFM). The accounting program assists student in the preparation for the exams necessary for the certifications. Students can apply to take the CMA, CFM, CIA and CGFM exam with a bachelor's degree, and can apply to take the CPA with 150 credit hours that includes a bachelor degree. Students planning to apply for the CPA, CMA, CFM, CIA, or CGFM certification should contact an accounting advisor for further information.

Economics

Economics is the study of how people and societies make choices given limited resources and unlimited wants.  At Francis Marion University, students may major in economics and earn a Bachelor of Arts in Economics, a Bachelor of Science in Economics, or a Bachelor of Business Administration in Economics.  Students may also minor in economics at Francis Marion.

 Bachelor’s degrees in economics are consistently among the highest paying degrees in the country.  For example, a recent study by the Brookings Institute found that the lifetime earnings for the average graduate with a degree in economics was higher than those with any other degree except engineering. 

Graduates with degrees in economics have a foundation in analytical decision-making and the ability to think critically about problems,  important assets which employers seek when hiring new employees. Particular occupations may require a certain set of skills, but those specific skills can change over time. The need for people who can think and solve problems never changes.   Economics graduates have a wide range of employment opportunities and are typically employed in the banking, insurance, real estate, and financial services industries.   Many our economics graduates from Francis Marion have gone on to have successful careers in the business fields listed above, as well as, healthcare administration, operations management, commercial lending, futures and commodities trading, underwriting, and consulting.

Many economics majors continue their education at the graduate level. Francis Marion has placed several of our graduates in competitive graduate programs; after which they accepted positions at institutions such as the University of Georgia, West Virginia University, DePaul University, The Citadel, the University of New Mexico, and the Federal Reserve Bank of Atlanta.  In addition, a recent national study found that economics majors consistently outperformed all other majors on the Law School Admission Test.  The Economics faculty at Francis Marion University has produced several graduates that have become successful practicing attorneys at law.  

Finance

Career opportunities in finance include not only traditional areas such as Banking, Real Estate, Investments, Financial Markets, and Corporate Finance, but extend to many other areas of business from management to risk analysis.  In today’s competitive environment, businesses are seeking graduates with the skills necessary to analyze data and come up with effective business solutions.  The finance program at FMU is designed to give finance majors exposure to all of these core areas, developing skillsets that are applicable in many different areas.

A degree in finance is a first step into careers in commercial and investment banking, retail brokerage, portfolio management, corporate financial management, insurance, and real estate finance.  Many finance graduates enjoy careers with government regulatory agencies, financial institutions, manufacturing and service industries, and in health care institutions.  A variety of businesses seek finance majors for management positions given their focus on and understanding of the financial workings of the firm.

The faculty in the Finance Department at FMU carry not only the highest degree in their field, but bring to the table a wealth of professional experience that they share with their students in small class sizes with high levels of personal attention and interaction.  Advanced courses supplement basic course material with real world cases, current happenings in financial markets, instruction in finance related software programs and databases, and opportunities for hands on experiences with FMU’s internship program and community service projects.

The requirements necessary for earning a degree in finance can help prepare a student for many professional certification exams.  These professional certifications include Chartered Financial Analysts, Certified Financial Planners, Certified Business Appraisers, Real Estate Appraisers, Certified Cash Managers, and others.

General Business

All business majors gain a strong background in theory and practical applications in a breadth of business disciplines. Business students complete courses in accounting, economics, finance, management, management information systems, and marketing. Most students select one major area of emphasis from these disciplines for further concentration.

The FMU School of Business offers students the option of developing a broader major in General business. Rather than taking five or more upper level course in one area, General Business majors take upper level courses in at least four disciplines and can opt to take as many as three upper level courses in one area. The General Business major is designed to prepare graduates that are ready to step into management training programs in a variety of industries, from financial management to advertising, from manufacturing to hospital administration. Graduates with the General Business degree are also prepared to work for governmental agencies and for graduate school in business and more specialized areas.

Management

Taught by a highly experienced and skilled faculty, management graduates are prepared to assume leadership roles in a wide variety of careers and organizations. Students pursuing a distinct major in Management are required to complete advanced study in Organizational Behavior, Entrepreneurship and Small Business Management, Operations Management, and Human Resource Management. The degree program also gives students the opportunity to select School of Business electives to help broaden their professional education. Management graduates are prepared to assume leadership roles in a wide variety of careers and organizations.

Students pursuing a major in Management are required to choose between three tracks:  (1) Supply Chain and Operations Management, (2) Human Resource Management, (3) General Management.

 

The focus of Supply Chain and Operations Management is an efficient use of resources to provide quality services and goods across the supply chain.  Students study various techniques needed to be effective managers in a diverse range of organizations such as financial institutions, hospitals, transportation and logistics firms, and manufacturing firms.  Courses include subjects such as forecasting demand, designing and locating facilities, planning production, managing inventory, improving quality, scheduling staff and equipment and managing projects.

 

Students majoring in Management (Supply Chain and Operations Management track) will take the following courses:

  1. MGT 356 Process Improvement and Quality Control
  2. MGT 357 Service Operations Management
  3. MGT 373 Management Science
  4. MGT 467 Supply Chain and Operations Management
  5. MG 468 Production Planning and Control
  6. Business Elective

 

The focus of Human Resource Management is to plan, organize, lead and control the efforts of organizational members, of making decisions, and of using all other organizational resources. The focus of a management major is achieving organizational goals in both an efficient and effective manner. Management students learn how to be productive through people in their study of such fundamental organizational skills as leadership, team building, human resource management and entrepreneurship.

 

Students majoring in Management (Human Resource Management track) will take the following courses:

  1. MGT 352 Organizational Behavior
  2. MGT 353 Human Resource Management
  3. MGT 452  Advanced Human Resource Management
  4. MGT 454 Entrepreneurship and Small Business Development
  5. MGT 460 International Management
  6. Business Elective

 

Students may also take a mixture of any three 300 level and any two 400 level to major in Management (General Management Track).

Management Information Systems - MIS

The MIS degree features a mix between a computer sciences and information systems degrees with a business focus. Like many other sectors, the financial and business world heavily relies upon computers and networking for its continued operation. Today, many common financial tasks such as filing taxes and applying for loans or credit cards are completely computerized. MIS majors are the ones behind the scenes of these financial systems.

 

A cutting-edge and explosively growing field, Management Information Systems can be a promising education path for the tech-savvy, but before committing to a degree program, it’s important to research the facts, such as career options and the typical MIS degree salary. A degree in Management Information Systems combines programming and computer science with business and management strategies, preparing graduates for careers in computer systems analysis, database administration and network administration. For problem solvers passionate about technology – not just for technology’s own sake but for the solutions it can provide for people – an MIS degree is worth exploring. As ever-evolving computers and technologies continue to change the way the world does business, the demand for MIS degree graduates will continue to grow. In fact, the U.S. Department of Labor predicts a much higher than average rate of growth for the MIS field over the next decade.

Essential Information

An MIS (management information systems) major finds jobs in the wide array of tasks that are required to create and sustain complex financial computer systems. Many positions are attainable with a bachelor's degree in MIS or a related field, such as information science or computer science. Master's degree programs in MIS are also available, including MBA programs, and can open advanced career opportunities. 

 

Career Titles 

Network & Computer Systems Administrators 

Computer Systems Analysts 

Computer & Information Systems Managers

Education Requirements 

Bachelor's or master's degree 

Bachelor's or master's degree 

Bachelor's or master's degree

Projected Job Growth (2012 - 2022)* 

12% 

25% 

15%

Median Annual Salary (May, 2013)*

$74,000 

$81,190 

$123,950

Source: *United States Bureau of Labor Statistics 

New MIS Program

MIS Career Options

Marketing

Today’s dynamic, global business environment provides a variety of challenging and rewarding career opportunities for those who study marketing. Personal selling, marketing research, product management, international marketing, advertising, and marketing management are among the many career options for marketing professionals.

The marketing program provides students with the skills needed to seek employment in these fields. Students will learn the basic principles of marketing with an emphasis on the importance of coordinating all business functions, including product, price, promotion, and distribution, in order to meet customer’s needs.  Students will then expand on this basic knowledge with courses in consumer behavior, marketing research, international marketing, marketing communications, and personal selling. A course in marketing management, which incorporates material from the previous courses into a cohesive whole, concludes the program.  

The professors in the marketing department believe in the value of experiential learning. Many marketing courses require a final project that allows students to apply theoretical concepts learned throughout the semester to the business environment. Throughout their experiences in the marketing department, students are also provided with opportunities to learn and practice communication skills that will prove invaluable in the business environment. In addition, the Marketing Management capstone course allows students to work for actual clients from the business community.  Projects require identifying the client’s marketing needs and providing solutions through written and verbal presentations. These experiences and skills can be added to student’s resumes to provide them with an advantage in a competitive job market.

Last Published: June 10, 2015 8:56 AM
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