2013-14 Catalogs

Business Overview

Associate Dean: Bert Smoluk, 113 Luther Bonney

Director for Student Affairs: Alice Cash; Coordinator of Student Affairs/Academic Counselors: Emily Burns, Laura O'Neill; Coordinator of Career Services and Internships: Melissa Burns

Chair (Accounting and Finance): Dana Kerr

Chair (Marketing, Sport Management, and General Management): Jo Williams

Professors: Artz, Gold, Gramlich, Manny, Violette, Voyer; Associate Professors: Aiello, Bennett, Chene, Chinn, Grover, Heiser, Kerr, Kohli, Munger, Pryor, Purdy, Sanders, Shields, Smoluk, Suleiman, VanderLinden, Westfall, Williams; Assistant Professors: Chen, Dean, Parker

Mission Statement

We prepare and inspire current and future leaders, and stimulate economic growth, by providing quality learning opportunities, valuable research, and professional service, all in partnership with the business community.

Programs

The School of Business offers a Bachelor of Science degree in business administration with majors in:

  • accounting
  • finance
  • marketing
  • sport management*
  • general management with a track in:
  • entrepreneurship and small business management*
  • international business
  • risk management and insurance
  • sustainable business*
  • generalist (advanced study across multiple fields of business)

*Note: required courses in the sport management major, the sustainable business track, and the entrepreneurship track may not be offered during the evening (5:30 p.m. or later).

The undergraduate program is designed to develop the student's abilities to assume the responsibilities of general and financial management, and to cope successfully with the changing problems of managers in the years ahead. Entering students begin by acquiring broad preparation in the arts and sciences as a foundation for the study of business. All students also complete the business core, which is a series of courses covering major functional areas common to business operations. Lastly, students acquire a deeper knowledge in their selected major.

School of Business majors may obtain a double major within the school, and non-accounting majors may pursue a minor in accounting. Students may also enroll in the 3-2 program to obtain both undergraduate and graduate degrees in five to six years. Please see the graduate catalog for more information on the 3-2 MBA program option.

For students pursuing other majors, the School offers minors in:

  • accounting
  • business administration
  • marketing
  • pre-MBA
  • information management

The School of Business offers certificate programs of undergraduate study in:

  • accounting
  • risk management and insurance

The graduate degree provided by the School is the master of business administration with a choice of optional concentrations. (See graduate catalog for information).

Accreditation

The School of Business is accredited by AACSB International–The Association to Advance Collegiate Schools of Business. AACSB International assures quality and promotes excellence and continuous improvement in undergraduate and graduate education for business administration and accounting.

Course Enrollment Policies

Enrollment Restriction

No undergraduate student, unless accepted into a major in the School of Business, is allowed to take more than 30 credit hours in business courses under any circumstances. The undergraduate business program has the responsibility of monitoring the implementation of this requirement. No student may pursue more than one minor offered by the School of Business.

Students who are not majoring within the School, having fewer than 28 credit hours in business courses, may enroll in 300-level or higher courses provided they meet one of the following criteria:

  • They have declared a major that requires the course.
  • They have been admitted to a School of Business minor.
  • They are admitted to a School of Business certificate program.
  • The course fulfills a requirement for the USM general education.
  • They have approval from the Dean.

Any School of Business major or minor who has enrolled in an ACC, FIN, BUS, or RMI course more than twice must, before continuing in that course, complete and have approved by the Department chair, a course condition form (available from the School of Business office). Failure to do so may result in course credit disqualification. A Federal Financial Aid policy states that if a student passes a course - according to the catalog-definition of "pass" as "D-" or higher - they can use financial aid to pay for ONE repeat of that course. Subsequent repetitions are ineligible for financial aid, and would then need to be paid by other means. Please see the USM Financial Aid website for more information - http://usm.maine.edu/fin.

Internship Program

School of Business majors are encouraged to participate in an internship to experience on-the-job learning. Employment in a professional setting provides opportunities to apply classroom learning, develop work-related skills, and explore careers. Credit may be received for paid or non-paid positions with new employers, or for new responsibilities with current employers. Credit is not granted for past work experience. Students obtain internship positions by contacting the School of Business internship coordinator or by contacting employers to develop positions. Students are also welcome to discuss internship availability with faculty members and chairs. An intern must work a minimum of 140 hours on site and be advised by a faculty sponsor during the internship. Under the supervision of a faculty sponsor, the student must prepare a written learning contract that contains a job description, the student's learning goals, self-directed learning activities, and an evaluation process. Grading is pass/fail, except BUS 378 and 397 which are graded. Refer to the course descriptions for ACC 395-396, BUS 378, 391-397, FIN 395-396, and RMI 395-396 for prerequisites and restrictions. Majors are limited to a maximum of six internship credits toward the degree; minors are limited to a maximum of three internship credit hours. For further information, contact the School of Business Internship Office at (207) 780-4020.