2020-21 Catalogs

Business Overview

Associate Dean: Jane Kuenz
Coordinator of Internships and Field Placements: Kathryn Cavallero
Chair (Accounting, Finance, and Risk Management and Insurance): Donald Ladd
Chair (Business Administration): Robert Heiser
Professors: Arend, Manny, Smoluk
Associate Professors: Heiser, Kerr, Kohli, Parker, Suleiman, Williams
Assistant Professors: Amendah, DiBartolomeo, Hansen, Kumthekar, Li, Mansouri, Ndu, Newell, Tharp, Takeda, Unal
Lecturers: Biloedeau, Dunbar, Griffin, Ladd, Palin

Visiting Assistant Professor: Verma

Mission Statement

Preparing lifelong, entrepreneurial thinkers fluent in business technologies

Programs

Bachelor of Science in Business Administration (BSBA) Majors:

  • accounting
  • business analytics
  • finance
  • management (available on-line)
  • marketing
  • sport management*

Concentrations (9 credits and open to all majors):

  • Advanced accounting
  • Entrepreneurship
  • International Business
  • Operations and Supply Chain Management
  • Professional Selling
  • Risk Management and Insurance
  • Sustainable Business

*Note: Some required courses in the Sport Management major 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 pre-business core, business core, and thematic core covering major functional areas common to business operations. Lastly, students acquire a deeper knowledge in their selected major.

Double majors are possible as long as no more than one course (3 credit hours) applied toward one major is applied toward the second major. No course may count for credit in both the major and a concentration. Minors are not open to School of Business majors. Non school of business students can only have one School of Business minor. Students may also apply to the accelerated graduate program in Business Administration to compete both undergraduate (USM) and graduate (U.Maine) degrees in about five years.

Minors (for non-School of Business majors only):

  • Entrepreneurship
  • Risk Management and Insurance

Certificate programs of undergraduate study:

  • accounting
  • risk management and insurance

Accelerated Undergraduate-Graduate Pathways in Business Administration:

  • Bachelor's degree and MBA (University of Maine)

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.

Undergraduate Course Enrollment Policies

 

Students Accepted or Enrolled in a USM School of Business Major:

  • Only USM School of Business majors are allowed to take more than 30 credit hours in business courses.
  • USM School of Business majors can take up to 12 credits of 300- or 400-level business classes before they must successfully complete the entire pre-business core.

Students not enrolled or accepted into a USM School of Business Major:

  • Students not enrolled or accepted into a USM School of Business major may pursue only one minor offered by the School of Business.
  • Students not enrolled or accepted into a USM School of Business major may take all 100 and 200 level pre-Business core courses and up to 12 credits of 300 level or higher business courses. All course-specific prerequisites still apply.
  • Business majors from other colleges who want to take more than 12 credits of upper level business courses, should contact the School of Business to appeal.
  • Non-matriculated students and community members who wish to take a business course must submit a transcript that shows successful completion of prerequisite(s) for the course. If you would like to use work experience as a substitution in lieu of a course prerequisite, please contact the Faculty member and the Department Chair directly to appeal.

Repeated courses:

Any student wishing to take the same School of Business course a third time or more must first submit a Course Condition Form (available on the registrar's website) to the Associate Dean for approval. Failure to do so may result in course credit disqualification.

According to Federal Financial Aid policy, a student can use financial aid to pay for ONE repeat of a course already passed with a D- or higher. Subsequent repetitions are ineligible for financial aid. Please see the USM Financial Aid website for more information.

Internship Program

Because employment in a professional setting provides opportunities to apply classroom learning, develop work-related skills, and explore careers, 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 applying for them on USMCareerConnections, an online job and internship board; 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 Department Chairs. An intern must 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. Please see the website for the minimum hours required for each internship. Grading is pass/fail, except 378 and 397, which are graded. Refer to the course descriptions for ACC 295, 395-396, 695, BUS 295, 378, 391-397, FIN 295, 395-396, RMI 295, 395-396 and MBA 695 for prerequisites and restrictions. Undergraduate majors are limited to a maximum of nine internship credit hours. Undergraduate 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.