The business administration program is designed to prepare students for leadership careers in complex organizations in the public, private and nonprofit sectors of an increasingly global economy and diversified workplace. Our differentiating niche is a strong emphasis on business functions, social accountability, global awareness, quantitative and qualitative analytical skills, and synergy between theory and practice. Because tomorrow’s managers will face intense competitive pressures and strong demands for competency, flexibility and accountability, the business administration program provides a curriculum that builds core competencies and embeds that core curriculum in a liberal arts program. The business administration faculty members, who are active in teaching, scholarship and mentoring, aim to create a collaborative teaching and learning environment. Majors are required to participate in our lecture series and to spend either a semester, year or summer studying abroad or in an internship in a major international city such as Washington, D.C. (International students are exempt from the study abroad and internship requirement.) Majors are also encouraged to work with a faculty member in business administration on at least one research project.
All business administration degrees, B.A. and M.B.A., and minors are accredited by the Accreditation Council for Business Schools and Programs (ACBSP).
Common Body of Knowledge
Business Administration Core
Business administration students are expected to have the following competencies: knowledge about the different functional areas of business, quantitative and qualitative analytical skills, and the ability to relate organizations to the greater society in which they exist. The business administration core, which consists of 15 courses, enables students to achieve these competencies. Every business administration major has to fulfill the business administration core requirement. The courses denoted with an asterisk (*) must be taken at Hood.
Requirements for the Major
All majors must take the following courses (33 credits):
All majors must also take the following courses (12 credits):
- MGMT 205 Principles of Management
- MGMT 281 Principles of Financial Accounting
- MGMT 284 Principles of Managerial Accounting
- MGMT 301 Organizational Theory and Behavior*
- ECMG 303 Principles of Finance and Investment*
- MGMT 306 Principles of Marketing
- MGMT 312 Analytical Methods in Management*
- MGMT 314 International Business*
- ITMG 388 Management Information Systems
- MGMT 411 Seminar in Strategic Management*
- MGMT 454 Legal Environment of Business
Majors are also required to participate in a study abroad semester, year or summer or an internship (MGMT 399—3 credits).
- ECON 205 Principles of Macroeconomics and ECON 206 Principles of Microeconomics
- ECMG 212 Statistics for Economics and Management or MATH 112 Applied Statistics
- ECON 306 Microeconomic Analysis
(International students are exempt from the study abroad and internship requirement.)
Depth of Knowledge
To provide depth of knowledge over and above the common body of knowledge, students must complete a concentration.
Business Administration Concentrations
Students may choose any three courses from the following to complete a general business administration concentration or concentrate in a discipline by selecting three classes from one of the areas below. All depth of knowledge courses must be taken at Hood.
Accounting (9 credits)
Finance (9 credits)
- MGMT 321 Intermediate Accounting I
- MGMT 322 Intermediate Accounting II
- MGMT 433 Cost Accounting
Human Resource Management (9 credits)
- MGMT 402 Business Finance
- MGMT 410 Investment Analysis
- ECMG 478 International Financial Management
Individual Interest Concentrations (9 credits)
- ECON 318 Comparative Market Economies or ECON 328 Labor Economics
- MGMT 307 Personnel Management
- MGMT 313 Employment and Labor Law
Business administration majors may develop, in consultation with their business administration faculty adviser, an individual interest concentration that focuses on a particular career interest. Examples of such concentrations include information systems, computer science, public relations and environmental management.
International Economics and Finance (9 credits)
Marketing (9 credits)
- ECON 324 International Trade
- ECON 460 International Finance and Open Economy Macroeconomics
- ECMG 478 International Financial Management
Strongly Recommended Courses
- MGMT 406 Consumer Behavior and Analysis or CMA 310 Public Relations
- MGMT 423 Marketing Research Methods
- MGMT 424 Marketing Communications Strategy
- CMA 306 Writing for Business and Management
- MATH 201 Calculus I
- PHIL 220 Professional Ethics
Students planning to pursue a graduate degree in business admnistration should take ECON 480 Econometrics; MATH 201 Calculus I; and MATH 351 Probability and Statistics.