Departments and Concentrations
In addition to the general-education and general business curricula discussed
previously, students majoring in business must also select an area of
concentration within the business program. The areas of concentration, along
with the curriculum for working toward that concentration, are presented by
department in this section, and are summarized below.
Accounting
Finance
Human Resource Management
International Studies1
Management
Marketing
Marketing—Distribution Management
Management of Nonprofit Organizations
Students with special interests, such as an interest in a specific industry,
may seek permission from their faculty advisors to plan programs that vary
somewhat from those outlined in this section.
Concentration requirements are subject to change during the two years covered
by this bulletin. Students are expected to stay informed of concentration
changes by seeing a business academic advisor on a regular basis.
Department of Accounting and Information Systems
The accounting curriculum prepares students for careers in auditing,
corporate accounting and management consulting, governmental and nonprofit
organizations, and taxation. In addition, it equips the prospective business
executive with tools for intelligent analysis, planning, control, and decision
making. The accounting curriculum also provides excellent background for the
student who wants to pursue graduate work in business, public administration, or
law.
Accounting graduates who meet requirements of the State Board of Public
Accountancy of Indiana are eligible to sit for the Uniform C.P.A. Examination in
Indiana. Those who wish to engage in public accounting practice in Indiana as
certified public accountants should familiarize themselves with the rules and
regulations issued by the:
Indiana State Board of Accountancy
Indiana Professional Licensing Agency
302 W. Washington Street, Rm E034
Indianapolis, IN 46204
telephone (317) 232-2980
Students planning practice outside Indiana
should consult the C.P.A. board in their state of residence. Call 1-800-CPA-EXAM
for additional information.
Internships in business or government are available on a selective basis
during the fall, spring, or summer. Fall is the ideal time to apply for an
accounting internship, since the majority of public accounting internships are
spring semester positions. For further information about internships, contact:
Career and Employment Services
Business/SPEA Building 2010
telephone (317) 274-2554
Concentration Requirements
Freshman Year: BUS A100.
Sophomore Year: BUS A201, A202, L203.
Junior and Senior Years:
- BUS A311, A312, A325, S302, A328, A424, X301, X302
- Two accounting electives from the following: A335, A337, A339, A340,
A380, A422, A437, A439, A490 or other approved accounting or systems course.
- Nonaccounting concentration (9 cr.) Students must use these hours to
build a three-course sequence, a concentration, that creates an expertise
normally in some nonaccounting business area (e.g., finance). However, a
concentration that includes nonbusiness courses (e.g., courses from Computer
Technology or Computer Science) may be acceptable. This concentration might be
obtained in a number of ways. For example, students might construct a
three-course sequence in a particular area such as finance, computer information
systems, or something similar. Information about preapproved
concentrations may be obtained from the Kelley School of Business advisors.
Students may construct their own concentration, but all proposed concentrations
must have approval from an accounting or systems faculty member. Students are
also encouraged to use this flexibility to double major.
NOTE: Beginning in the year 2000, most states (including Indiana) will
require that those accounting professionals who wish to be licensed as certified
public accountants must have completed 150 semester hours of education with an
accounting concentration. Thus, the entering classes of 1995 and beyond must
choose among three alternatives. Students who plan to forego C.P.A. licensure
may begin their careers after four years with a bachelor’s degree. Students
interested in licensure may either continue for a fifth year to earn a master’s
degree (fulfilling the 150-hour requirement) or enter the workforce after four
years (with the bachelor’s degree) and continue to work toward the master’s
as part-time or returning students.
The Department of Accounting has created a Master of Professional Accountancy
Program for students wishing to pursue licensure.
Computer Information Systems Concentration
Information has joined land, labor, capital, and materials as a central
resource for all business managers. Thus, although management specialists with
in-depth education in information systems are needed, every manager is called on
to exploit information for business advantage.
Information systems include computers, a wide variety of programming
languages, telecommunications, mathematical modeling and computer software for
data analysis, factory and office automation, robotics, and expert systems.
Managers need to know how and when to apply these technologies, how
organizations can acquire and manage information systems that use these
technologies, and how businesses should organize themselves to take advantage of
opportunities through these technologies.
Students from all areas of business can benefit from understanding
information systems. For example, since accounting systems are usually
computerized, cost accountants, auditors, and corporate finance managers must be
able to use and analyze information systems. General managers need to understand
information systems as organizational innovations that must be adopted and
implemented simultaneously with changes in organizational designs, strategies,
and behaviors. Market researchers must be able to extract data from large
databases and analyze them using sophisticated decision and business modeling
techniques. Manufacturing and engineering managers must understand the linkages
between technical and business computing applications. The undergraduate
curriculum offers three different tracks in this concentration.
Concentration Requirements
Junior and Senior Years: All Options
1. BUS S302, S305, S307
2. Choose one of the following: BUS A337 or S310
CSCI N-series Option Only:
1. CSCI N305 and N331
2. Choose two from the following list:
- BUS S490
- CSCI N335, N241, N341, N355, N345, N311
CSCI Programming Language Option Only:
1. CSCI 230, 265, and 452
2. Choose one from the following list:
- BUS S490
- CSCI N331, N335, N241, N341, N355, N345, N311
Database Option Only:
1. CSCI 230, 265, 340, 362, 443
Note: This is a rigid concentration track due to programming prerequisites.
There are no concentration electives.
Department of Business Law
The business law department’s course offerings acquaint students with what
is probably the most important external factor affecting business operations:
the law. The courses provide students with an understanding of the nature,
functions, and practical operations of the legal system. They also provide
considerable information about the most important legal rules restricting—and
facilitating—business operations. Finally, they help develop both critical
reasoning skills and an appreciation of the social, ethical, and economic forces
that help make the law what it is.
Although a concentration in business law is not currently available on the
Indianapolis campus, courses in this department may be elected to enhance most
other business concentrations.
The finance undergraduate curriculum provides for a high degree of
flexibility while offering the basic preparation needed to deal with the
complexities of the modern financial environment.
All students in the concentration must take a common core of four courses:
BUS A311, A312, F303, and F420. These four courses provide a basic grounding in
financial accounting systems, the capital and money markets, and corporate
financial decision making. An understanding of these areas is necessary for
someone who is planning a career in finance.
The undergraduate curriculum in this concentration is designed to provide
familiarity with the instruments and institutions of finance and with a
financial approach for structuring and analyzing management decisions.
Course offerings are designed to integrate into the decision-making process
various aspects of the environment, such as the state of the economy, taxes, and
legal considerations.
Study in finance, along with appropriate electives, provides academic
preparation for careers in corporate financial management; commercial banking,
savings and credit institutions; investment analysis; and the selling of
financial instruments and services.
Candidates are encouraged to select electives in accordance with career
objectives.
Concentration Requirements
Junior and Senior Years:
A. Finance core requirements—BUS A311, A312, F303, F420.
B. Select four of the following:
- BUS F402, F446, F494, A325;
- ECON E305, E470;
- Double majors in finance and accounting may take any accounting course
(except for BUS A100, A201, A202, A311, A312, A325), as a section
B elective.
The Department of Management encompasses the areas of management, human
resource management, organizational behavior, business policy, management of
nonprofit organizations, entrepreneurship, and international business. The
curriculum is designed to offer students either a broad-based background
preparing them for entrance into managerial positions or specialized training in
an area of concentration.
At the undergraduate level, the department offers a major concentration in
management, nonprofit management, or human resource management, as well as the
option to pursue a second concentration in international studies.
HUMAN RESOURCE MANAGEMENT CONCENTRATION
This program is designed for students whose career objectives lie in the
field of personnel management. From its early beginnings as a staff function
involving the maintenance of records and the administration of benefit programs,
personnel administration has grown and expanded to encompass the total
development and deployment of human resources in organizations. While company
titles may vary from vice president of industrial relations to vice president
for organization planning and development, there are few firms of any size or
consequence today that do not have a human resource management specialist
reporting directly to the company’s highest level. This practice reflects the
awareness that the people who work in an organization are its greatest asset.
For this reason, the curriculum in human resource management is designed to
acquaint the student with modern personnel management in its broadest sense.
Included are both the traditional areas of personnel administration and labor
relations (such as employment, management development, wage and salary
administration, organizational planning, and contract negotiation) and
developments in the behavioral sciences with implications for a complete human
resource management program.
The objectives at the undergraduate level are to provide students with the
broad spectrum of knowledge they need for a career in organizational leadership;
to prepare them for a career in human resource management; and to encourage and
develop interest in further study and research in this area.
Concentration Requirements
Junior and Senior Years:
1. BUS Z440, Z441, Z444.
2. One of the following: ECON E340, OLS 378.
3. Two of the following:
- BUS D301, D302, L406, W430, W494, Z404;
- PSY B356, B370, B424;
- SOC R317, R461
In response to new and dynamic patterns of international business, American
business firms have progressed far beyond the comparatively simple stage of
import-export operations. Many companies are becoming multinational, with
production units in numerous foreign countries; private enterprise in the United
States has become more intimately concerned with the economic, political, and
social trends of foreign nations. The Kelley School of Business has recognized
these developments in its global business programs.
All students may elect two courses dealing with the general problems involved
in international business: BUS D301 and D302. They may also participate in
overseas programs, which offer students an opportunity to see firsthand the
problems treated in the course of study, as well as to enhance their language
facility.
Students who wish to continue studies in the international area may choose,
as a second concentration, the international studies concentration (ISC).
1. The ISC is an option available only to students admitted to the Kelley
School of Business.
2. The ISC is a second concentration available to Kelley School of Business
students. It may not be listed as a first concentration.
3. The ISC consists of 9 credit hours of course work taken in addition to the
international dimension requirement. These 9 credits should not be selected from
the same option used for the international dimension requirement. (See the
"General-Education Requirements" section of this bulletin.)
See a business advisor to discuss the possible combinations for fulfilling
this concentration’s requirements.
Society recognizes the importance of understanding both management itself and
the complex nature of the organizations—in business, government, hospitals,
and universities—in which managers operate. The faculty is concerned with
improving this understanding through the study of individual and group behavior,
organizational theory, and human resource development.
The undergraduate courses offered in this concentration are concerned not
only with the broad aspects of management and organization, but also with
developing skills for dealing with problems of motivation, organization design,
and the increasingly complex problems of human resource allocations in our
interdependent society.
This concentration provides the flexibility to accommodate students whose
interests include preparation for corporate management training positions,
application of behavioral science to management, personnel function in both line
and staff capacities, and managing the small business.
Concentration Requirements
Junior and Senior Years:
1. BUS W430, Z440.
2. Four of the following:
- BUS D301, D302, J404, W311, W406, W408, W494, Z404, Z441, Z444;
- ECON E340;
- POLS Y302;
- PSY B370, B374, B424;
- SOC R317, R478;
- SPEA V432;
- OLS 378;
- Any 400-level Kelley School of Business course approved by the student’s
advisor.
A minimum of two of the four electives taken from this list must be business
courses.
Within the management concentration there is a special emphasis in
entrepreneurship and small business.
The image of business in the United States is often one of mammoth national
and multinational corporations. Too often the role of the entrepreneur and the
importance of small businesses in the economy are overlooked. A vital
cornerstone in sustaining the free enterprise system is the continual birth of
new enterprises and the identification, encouragement, and nurturing of
entrepreneurial aspirations.
The Indiana University Kelley School of Business, recognizing the
contributions of entrepreneurs and the interest shown by students in creating
and entering small businesses, has developed an entrepreneurship and small
business emphasis within the management concentration. This emphasis focuses the
requirements of an individual concentrating in management toward small business.
Students interested in the entrepreneurship emphasis may satisfy the
requirements by taking BUS W311, BUS W406, and an approved elective from the
list of management concentration electives. (Note: BUS W490 requires the consent
of the instructor and the department chairperson.)
MANAGEMENT OF NONPROFIT ORGANIZATIONS CONCENTRATION
For students interested in either the public or private sector, this
concentration responds to the need for individuals with broad backgrounds in
business to fill managerial positions in nonprofit institutions. These
nonprofits include such diverse institutions as social service agencies,
museums, hospitals, churches, educational bodies, and arts and cultural
agencies. As government funding has tightened, many of these nonprofits have
begun commercial activities in order to diversify their revenue bases. Students
in this area will receive instruction in fundraising, appreciation of the arts,
volunteer programs, and general philanthropic studies.
Concentration Requirements
Junior and Senior Years:
1. BUS J401, S302, W430.
2. Two or three courses from the following:
BUS A335, M303, W480, W490, Z440
3. Two or three specific non-business courses as determined with consent of
an academic advisor.
The study of marketing concerns all activities related to the marketing and
distribution of goods and services from producers to consumers. Areas of study
include customer behavior, the development of product offerings to meet consumer
needs, pricing policies, institutions and channels of distribution (including
retailers and wholesalers), advertising, selling, sales promotion, research, and
the management of marketing to provide for profitable and expanding businesses.
The marketing curriculum endeavors to provide the business community with
broadly trained men and women who can approach problems with a clear
understanding both of marketing and of the interrelationships between marketing
and other functions of the firm. Students planning careers in marketing
management, advertising, sales, sales management, retailing, wholesaling,
marketing research, or distribution normally major in marketing and then may
pursue within the curriculum a modest degree of specialization in the area of
their vocational interest.
Concentration Requirements
Junior Year: BUS M303.
Junior and Senior Years: Select at least one course from each of the
following areas:
a. Buyer behavior: BUS M405 or M407.
b. Channel management: BUS M402 or M419.
c. Promotion management: BUS M415 or M426.
d. Logistics management: BUS M411 or M412.
Senior Year: BUS M450.
The undergraduate program in distribution management prepares students for
careers in physical distribution management and transportation. The curriculum
emphasizes the role of distribution and transportation in making goods available
in the world marketplace and to the nation in a timely and economical fashion. A
student completing the distribution management program is qualified for work in
corporate distribution management, private carrier management, warehousing, and
transportation carrier management in the railroad, motor carrier, airline, or
related fields. The courses combine theory, principles, concepts, and practice
involving marketing, distribution channels, rate negotiations and rate making,
transportation regulation, transportation economics and public policy, customer
service standards, and related subjects.
Concentration requirements
Junior Year: BUS M303.
Junior and Senior Years:
1. BUS M411 and M412.
2. Two of the following: BUS M402, M407, M426, M450.
Department of Operations and Decision Technologies
Operations management courses are designed for students who are interested in
firms producing goods and services. They are helpful preparation for entry-level
positions in banking, retailing, manufacturing, consulting, and other
industries, as well as for jobs in materials management, quality programs,
operations scheduling, supervision, industrial engineering, and information
systems. Students should have an interest in the technological and managerial
aspects of business enterprise and should find an intellectual challenge in
applying quantitative methods and systems analysis to problems in business
operations. Courses include operations planning and control and the design and
improvement of manufacturing and service operations. All courses assume a
background in mathematical and computer methods in business decision making.
Although a concentration in operations management is not currently available
on the Indianapolis campus, courses in this department may be elected to enhance
most other business concentrations.
Footnotes
1 May be selected as a second concentration only.
