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Undergraduate Catalog 2013-2014

THE ROBERT H. SMITH SCHOOL OF BUSINESS (BMGT)

1570 Van Munching Hall, 301-405-2286
www.rhsmith.umd.edu
undergradinfo@rhsmith.umd.edu
Dean: To be Announced
Associate Dean(s): Victor Mullins
Assistant Dean(s): Brian Horick

The Robert H. Smith School of Business is an internationally recognized leader in management education and research, and it seeks to provide the knowledge and thought leadership that transform students into agents of both economic prosperity and transformative social change. The Smith School is accredited by AACSB International - The Association to Advance Collegiate Schools of Business, the premier accrediting agency for bachelor's, master's and doctoral degree programs in business administration and accounting, www.aacsb.edu .

A student in the Smith School of Business, selects a major(s) in one of the following curricula: (1) Accounting; (2) Finance; (3) Information Systems; (4) International Business; (5) Management; (6) Marketing; (7) Operations Management; or (8) Supply Chain Management.  Upper-division BMGT programs are offered at College Park and at the Universities at Shady Grove in Montgomery County.  For details on the majors offered at Shady Grove visit www.rhsmith.umd.edu/undergrad/shadygrove.html.

Admission Requirements

See "Admission Requirements and Application Procedures" chapter for general LEP admissions policies.

Freshman Admission

Direct admission to the Smith School is offered on space-available basis to first-time applicants who present the most competitive academic records. All students admitted directly to BMGT as freshmen must demonstrate satisfactory progress.

  • All students admitted as freshmen must demonstrate satisfactory progress (2.0 GPA or better) plus completion of Gateway courses (BMGT 220, BMGT 230, ECON 200 or 201, and MATH 220 or 140 - each with a minimum grade of "C-" or better) by the semester they reach 45 credits (excluding AP and ESL), at which time they will be reviewed in order to continue in the BMGT major. (Note: Only one repeat of one single course to the set of Gateway courses will be accepted to remain in BMGT. Appeals will be considered.)
  • Students must be in the process of completing BMGT 221 and ECON 200 or 201 in the semester in which they reach 60 credits. Students should have completed 50% of general education program requirements by the time they have reached 60 credits.

Transfer Admission for Students from On or Off Campus
All students applying for admission to BMGT as transfer students, whether internal transfers already enrolled at UMCP or external transfer students entering the university for the first time, will be subject to competitive admission for a limited number of spaces in the BMGT program at each program location. Internal and external transfer students may apply to compete for admission to the Smith School of Business after they have earned 45 credits, and if accepted, will be provisionally admitted for the semester following the completion of their 60th credit. Admission will be finalized once all requirements are confirmed at the end of the following semester. Below are the current admission standards.

  • Minimum 3.0 cumulative GPA (preferred, may vary based upon the applicant pool)
  • Minimum junior standing: 60 credits earned
  • Completion of the following Gateway courses, all with "C-" or better:
BMGT 220 and 221: Accounting
ECON 200 and 201: Micro and Macro Economics
ENGL 101 Academic Writing
MATH 220 or 140: Calculus
BMGT 230*or BMGT 231# Business Statistics
* The following courses are approved substitutes for BMGT230: BIOM301, ECON321, EDMS451, GEOG305, PSYC200, and SOCY201.
# The following courses are approved substitutes for BMGT 231: ENEE324, ENME392, or STAT400
  • Co-curricular involvement, leadership experience and honors and awards will also be considered in the admission decision. Students are strongly encouraged to submit with their applications a resume and letter detailing their accomplishments and experience.
  • Students may be in the process of completing BMGT221 and ECON 200 or 201 in the semester in which they apply for admission but must have successfully completed all gateway courses by the end of the current semester. Students should have completed 50% of general education program requirements by the time they have reached 60 credits.

Application Deadlines for Transfer Students: Complete applications and all supporting documents must be received no later than:

Fall Semester:   March 15th   
    June 15th
Spring Semester:   November 1st

Applications to the Smith School can be accessed at www.rhsmith.umd.edu/undergrad/prospectivestudents.aspx . For questions, call 301-314-8385 or email lep@umd.edu.

Freshmen who begin study in another major at College Park who would have met the direct BMGT admission standards from high school have until the last day of instruction in the first semester of their freshmen year at College Park to change their major to BMGT.

Appeals to this Policy: Appeals to this policy may be filed with the Office of Undergraduate Admissions, on the ground floor Mitchell Building. Such appeals will require documentation of unusual, extenuating, or special circumstances.

Statement of Policy on Transfer of Credit from Community Colleges
It is the practice of the Smith School of Business to consider for transfer from a regionally accredited community college only the following courses in business administration: an introductory business course, business statistics, introduction to computing (equivalent to BMGT 201), or elementary accounting. Thus, it is anticipated that students transferring from another regionally accredited institution will have devoted the major share of their academic effort below the junior year to the completion of basic requirements in the liberal arts. A total of 60 semester hours from a community college may be applied toward a degree from the Smith School of Business.

Other Institutions
The Smith School of Business normally accepts transfer credits from regionally accredited four-year institutions. Junior- and senior-level business courses are accepted from colleges accredited by the Association to Advance Collegiate Schools of Business (AACSB). Junior- and senior- level business courses from other than AACSB-accredited schools are evaluated on a course-by-course basis to determine transferability.

The Smith School of Business requires that at least 50 percent of the business and management credit hours required for a business degree be earned at the University of Maryland, College Park.

Undergraduate Degree Requirements/Degree Options

The university confers the following degrees: Bachelor of Science (B.S.), Master of Business Administration (M.B.A.), Master of Science (M.S.), and Doctor of Philosophy (Ph.D.). Information concerning admission to the M.B.A. or M.S. program is available at www.rhsmith.umd.edu.

Undergraduate Program
The undergraduate program recognizes the need for professional education in business and management based on a foundation in the liberal arts. In addition, the program's internationally integrated curriculum prepares students to be effective and responsible managers in today's dynamic business environment.

A student in business and management selects a major in one of several curricula: (1) Accounting; (2) Information Systems: Specialization Business; (3) Finance; (4) General Business; (5) International Business; (6) Operations Management; (7) Marketing; (8) Supply Chain Management.

Summary of Bachelor of Science Degree Requirements (all curricula)
At least 45 hours of the 120 semester hours of academic work required for graduation must be in business and management subjects. A minimum of 57 hours of the required 120 hours must be in 300- or 400-level courses. In addition to the requirement of an overall cumulative grade point average of 2.0 (C average) in all university course work, all business majors must earn a C- or better in all required courses, including Economics, Mathematics, and Communication. Beginning with students matriculating in Fall 2012, to be awarded a baccalaureate degree, students must have a minimum C (2.00) cumulative grade point average across all courses used to satisfy major degree requirements. Electives outside the curricula of the School may be taken in any department of the university, if the student has the necessary prerequisites.

    Credits
  Freshman-Sophomore School Requirements  
BMGT110 Intro to the Business Value Chain 3
BMGT220 Principles of Accounting I 3
BMGT221 Principles of Accounting II 3
ECON200 Principles of Microeconomics 4
ECON201 Principles of Macroeconomics 4
   One from:  
 MATH220 Elementary Calculus I  3 
 MATH140 Calculus I 4
   One from:  
 BMGT230 Business Statistics 3
 BMGT231 Statistical Models for Business 3
   One from:  
COMM100 Foundations of Speech Communication 3
COMM107 Speech Communication 3
COMM200 Critical Thinking and Speaking 3
  Or any course that fulfills the university's Oral Communication general education requirement.  
  Total 26-27
     
  Junior-Senior School Requirements  
BMGT301 Introduction to Information Systems 3
BMGT340 Business Finance 3
BMGT350 Marketing Principles and Organization 3
BMGT364 Management and Organizational Theory 3
BMGT367 Career Search Strategies in Business 1
BMGT380 Business Law 3
BMGT391 Leadership in Action 1
BMGT495 Business Policies 3
BMGT499 Advanced Topics in Business 1
ECON Economics - see below  3-6
  Total 24-27

Economics Requirements
3-6 credits of approved upper-level economics courses are required by the Smith School of Business. The specific requirements for each major are listed with the majors' specific requirements.

Major Requirements

In addition to the Smith School of Business Bachelor of Science requirements listed above, generally another 18-24 credits are required for each major. See individual major listings in chapter 7.
A Typical Program for the Freshman and Sophomore Years

  Credits
Freshman Year  
General Education and/or Electives 6
ENGL101 or equivalent 3
MATH (depending on placement)* 3
BMGT110 3
First Semester Total 15
   
General Education and/or Electives 6
ECON200 4
COMM100, 107 or 200 3
MATH or BMGT230/231* 3
Second Semester Total 16
   
Sophomore Year  
General Education and/or Electives 9
BMGT220 (Prereq Sophomore Standing) 3
ECON201 4
Third Semester Total 16
   
General Education and/or Electives 10
BMGT221 (Prereq BMGT220) 3
BMGT230 or 231 or Elective 3
Fourth Semester Total 16

*See Freshman-Sophomore School requirements for appropriate math and statistics courses.

Advising

General advising for students admitted to the Smith School of Business is available Monday through Friday in the Office of Undergraduate Programs, 1570 Van Munching Hall, 301-405-2286, undergradinfo@rhsmith.umd.edu. It is recommended that students visit this office each semester to ensure that they are informed about current requirements and procedures. Transfer students entering the university can be advised during spring, summer, and fall transfer orientation programs. Contact the Orientation Office for further information, 301-314-8217, or visit www.orientation.umd.edu.

Specialized Academic Programs

The Smith School offers innovative special programs through its Undergraduate Fellows Program.  The Fellows program offers a series of special academic programs which create small communities of scholars within the larger Smith School community.  Each specialized Fellows program combines opportunities for action learning and professional development with rigorous in-depth academic coursework focused on cutting edge issues affecting 21st century business.

 

Co-curricular activities are a key component of the Fellows program.  Field trips and internships, international study trips and exchanges, speaker series, dinners, retreats and competitions will foster leadership skills and contribute to your personal and professional growth.  Alumni involvement is an important aspect of Fellows programming, with Smith alumni and corporate partners contributing their time, talents and experience through sponsorship and participation in events and activities. For more information on each of the Smith Fellows Programs please visit www.rhsmith.umd.edu/undergrad/fellows/.

 

College Honors Program

The Smith School Honors Fellows program, which is part of the Smith School's Fellows Program, offers students with superior academic achievements special opportunities and resources, including the opportunity to participate in cutting-edge research on business issues, and to graduate with honors. Students in the honors program take their upper-level BMGT core courses in small, seminar-style honors sections which allow in-depth exploration of business topics in marketing, finance, management and organization, business law, and policy and strategy. The Smith School Honors Program provides both a non-thesis and a thesis option, in which students work on an original research project under the supervision of a Smith School faculty member. Admission to the Smith School Honors Program is competitive. Students are selected on the basis of the following requirements:

  • Minimum 3.5 cumulative grade point average
  • Minimum 45 credit hours earned
  • Completion of all BMGT pre-requisite courses by the end of Spring semester:

              Principles of Accounting I and II: BMGT 220 and 221
              Business Statistics: BMGT 230 (or 231)
              Calculus: MATH 220 or 140
              Principles of Micro- and Macro- Economics: ECON 200 and 201

Admission to the Smith School Honors Fellows Program takes place once a year in the Spring semester.  For more information, please visit www.rhsmith.umd.edu/undergrad.

Approved Student Societies and Professional Organizations

Student Professional Organizations
Students may choose to associate themselves with one or more professional organizations offered under the umbrella organization, Smith Undergraduate Student Association (SUSA).  For more details, visit http://unet.rhsmith.umd.edu and click on the People tab to access SUSA clubs.

Awards

Scholarships
For details on available scholarships, please click on the scholarships tab at  http://unet.rhsmith.umd.edu .

 

 

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