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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 involves the study of individual decision making and activities associated with consumption, production, and the use of scarce resources. Economics interacts with almost all other academic subjects and has a major effect on politics and the operation of government. Economics provides excellent preparation for many graduate and professional programs, provides rigorous academic support for study in other disciplines such as business, history, mathematics, political science, geography, and sociology, thereby providing excellent career opportunities in law, business, government service, and international fields.

Economic majors understand the impact of economic ideas on their personal lives, world leaders and society in general because they study models with predictive power. Economic majors develop a global outlook, a keen understanding of international events and an appreciation for how the affairs of all countries are intertwined. Economic majors develop strong analytical powers of reasoning which represents "a way of thinking critically" about personal, social and business matters. Such skills provide a superior basis for making good personal decisions as well as opportunities for rewarding jobs and career in business and government. Much of what business and political decision makers do is explained by economic theory and has significant economic consequences for society.

Students may earn a BA, BS in Economics or BBA in Business Economics. Students may also minor in economics.

Finance

Career opportunities in finance follow along three basic tracks: (1) Banking or Institutional Finance, (2) Investments, and (3) Corporate Finance. The finance program at FMU is designed to give a finance major the background needed for any of these tracks. Those interested in the banking or institutional track, often apply with commercial banks, saving and loans, or with a governmental agency. Those entering the banking field can pursue commercial lending, bank services, personal banking and many other career opportunities in the ever changing and competitive world of banking.

Investments is a dynamic field of study offering many career paths itself. Careers in retail brokerage firms, financial planning, institutional money management, regulatory agencies, are but a few of the many challenging opportunities in the finance field.

The study of corporate finance will help provide entry into the many manufacturing and service industries. From the financial management of health care institutions to the capital budgeting functions of a manufacturing concern, the study of corporate finance can help to provide a first successful step in the corporate world.

A professional certification is always a good career move. The requirements necessary for a degree in finance can help the student/graduate to prepare for the exams leading to many professional certifications. Finance majors are well suited for the demands of becoming 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

No matter what employment you foresee for yourself in the future, current business practice dictates that you will be involved in not just the use of technology to help with your job but also the management of the that technology. In order to manage technology, it’s important to have a handle on the basic fundamentals of a variety of hardware and software. What you really need is much more than what you can get in a course or two on computers or computer technology.

Management Information Systems (MIS) offers you the opportunity to combine an understanding of technology along with the processes and procedures necessary to implement systems in the working place. Your degree is a basic business degree, the major offers limited specialization in a functional area of business - thus, you can hire into a corporation as a manager or manager trainee in any functional area. The MIS major helps you gain confidence in leading the employment of technology regardless of whether you end up as plant manager, sales manager or what have you.

If you wish to develop expertise in the technical area, MIS helps you do that too. We have MIS graduates working with computer systems and networks both with local firms and with national firms such as EDS. Recently, the president of a local computer firm who has hired many of our graduates said they were expanding their national markets and would continue to need our MIS graduates.

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: July 10, 2014 9:57 AM
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