Foundation Courses
If you do not have an undergraduate degree in business, the foundation courses are required to be completed before beginning the MBA core courses. The foundation courses are prerequisites to the MBA core courses and require one year's study to complete them. There are two options to taking the foundation courses. They can be taken as graduate courses that are delivered online, or undergraduate courses that are delivered on the UM Campus only.
Online foundations (recommended):
As shown below, the five 500-level courses require a total of 15 semester hours and are delivered via the internet only.
UM on campus foundations:
The on campus foundation option requires a total of 10 undergraduate courses equivilant to a total of 30 semester hours and are delivered on the UM Campus only.
Foundation Courses
(Unless equivalent courses are taken at another university.)
Undergraduate Foundation Courses
|
| Graduate Foundation Courses
|
|
Must earn a C or better in each course
| Graduate status required. Must earn a B or better in each course |
| BGEN 235
Business Law (offered fall & spring semesters)
| 3
| OR | BMGT 540 Management & Legal Systems (offered fall semester) In place of BGEN 235 & BMGT 340 | 3
|
| BMGT 340 Management & Organizational Behavior (offered all terms) | 3
|
| STAT 216
Introduction to Statistics (offered all terms)
| 4
| OR |
BMKT 560 Marketing & Applied Business Statistics (offered fall semester) In place of Stat 216 & BMKT 325 | 3
|
| BMKT 325 Marketing Principles (offered all terms) | 3
|
| ACTG 201 Financial Accounting (offered all terms) | 3
| OR
| ACTG 509 Financial Reporting & Control (offered spring semester) In place of Actg 201 & 202 | 3
|
| ACTG 202 Managerial Accounting (offered all terms) | 3
| ACTG 203 Accounting Lab (offered all terms) (not offered online) | 1
|
| ACTG 203 Accounting Lab (offered all terms) | 1
|
| BMIS 270 Management Information Systems (offered all terms) | 3
|
OR
| BMIS 541 Systems & Operations (offered spring semester) In place of BMIS 270 & BMGT 322 | 3
|
| BMGT 322 Operations Management (offered all terms) | 3
|
| ECNS 201 Principles of Microeconomics (offered all terms) | 3
|
OR
| BFIN 522 Principles of Financial Analysis (offered summer term) In place of Ecns 201 & BFIN 322 | 3
|
| BFIN 322 Business Finance (offered all terms) | 3
|
Total Credits
| 32
|
| Total Credits
| 16
|
Graduate Online Foundation Courses
BMGT 540, Management and the Legal System, 3 cr. Offered fall. Basic management principles, exploration of concepts such as strategic planning, goal-setting and giving feedback, leadership, motivation, and reward systems. Law as it relates to doing business in the global environment; ethical dimensions of business decision-making.
BMKT 560, Marketing and Applied Business Statistics, 3 cr. Offered fall. Introduction to marketing principles to create long-term competitive advantage for an organization. Topics include environmental analysis, marketing planning, segmentation analysis, target marketing, and planning for product, price, promotion and distribution. Business statistics covered including cross-tabs, z-statistics, and the central limit theorem, analysis of variance, regression and correlation analysis.; statistics in context of marketing research and marketing problems.
ACTG 509, Financial Reporting and Control, 3 cr. Offered spring. Reporting and using financial information of an enterprise, with a focus on internal and external decision-making. Topics include analysis and recording financial transactions, understanding how these events affect financial statements, and using quantitative tools for internal decision-making.
BMIS 541, Systems and Operations, 3 cr. Offered spring. Design and use of information systems to meet the tactical and strategic needs of an enterprise, particularly within the operations function. Topics include systems analysis, data and process modeling, database designs, manufacturing planning and control, forecasting, and quality management.
BFIN 522, Principles of Financial Analysis, 3 cr. Offered summer. Prerequisite, ACTG 509. Introduction to principles of microeconomics and financial management and the application of these principles to business decisions. Topics include supply and demand, market demand, theory of the firm, theories of competition, financial analysis, time value of money, theories of risk and return, stock and bond valuation and capital budgeting.
Undergraduate Foundation courses
ACTG 201, Financial Accounting, 3 cr. Offered every term. Introduction to financial accounting concepts, including transactions analysis, financial statement analysis, and corporate financial reporting practices.
ACTG 202, Managerial Accounting, 3 cr. Offered every term. Prerequisite, ACTG 201. Continuation of ACTG 201 with a focus on managerial accounting topics.
ECNS 201S, Principles of Microeconomics, 3 cr. Offered every term. The nature of a market economy, economic decisions of the household and firm, competition and monopoly, value and price determination, distribution of income, and applied microeconomic topics.
BFIN 322, Business Finance, 3 cr. Offered every term. Prerequisite, ACTG 201, ACTG 202, and ECNS 201. The methodology and practice of business financial decisions.
BMGT 340S, Management and Organizational Behavior, 3 cr. Offered every term. An intensive examination of the fundamentals of management and organization supported by the application of behavioral science principles to the management of people in organizations.
BGEN 235, Business Law, 3 cr. Offered fall and spring only. An analysis of the legal and ethical implications of domestic and international commercial transactions.
BMIS 270, Management Information Systems, 3 cr. Offered every term. Introduces the development, use, and management of computer-based information systems.
BMIS 341, Operations Management, 3 cr. Offered every term. A survey of the processes that organizations, public or private, use to produce goods and services. Includes management science topics.
BMKT 325, Marketing Principles, 3 cr. Offered every term. The marketing environment product, price, distribution, and promotion strategies, including government regulation and marketing ethics.
STAT 216, Introduction to Statistics, 4 cr. Offered every term. Introduction to major ideas of statistical inference. Emphasis is on statistical reasoning and uses of statistics.