- Consulting & Strategy
- CSR and Sustainability
- Human Resource Management
- International Development
- Real Estate
Accounting is a system by which economic information is identified, recorded, summarized and reported for the use of decision makers. The highest management position for an accountant is either Controller or Chief Financial Officer. The exact material that an accountant handles varies depending on the size of the company and the accountant’s specialization, but generally includes financial records, taxes, and responsibility for the issuing of financial reports.
Key Trends In Accounting Include:
• Generally accepted accounting standards (GAAP) in the U.S. are likely to be replaced over time by international financial reporting standards (IFRS).
• Some states are teetering on the brink of bankruptcy and need to find new sources of revenue wherever possible leading to new (and often disguised) taxes.
• The industry projects a 16% increase in job openings by the year 2016, reflecting the increasing complexity of corporate transactions, the introduction of Sarbanes-Oxley requirements after the Enron scandal and growth in government. Demand is especially high in the tax and health care areas.
• Many firms are focusing on activity-based management, process-view analysis, constraint checking and business process analysis as well.
Specializations Within The Broad Consulting Career Path Include: Financial Accounting, Management Accounting, Tax and Forensic Accounting
Accounting Course Suggestions:
Controllership / Corporate Financial Management ACCY 6104: Intermediate Accounting I ACCY 6106: Financial Statement Analysis ACCY 6202: Accounting and Control ACCY 6203: Controls, Alignment and the Organization ACCY 6501: Accounting Information Systems & EDP
Investment and Financial Analysis ACCY 6104: Intermediate Accounting I ACCY 6105: Intermediate Accounting II ACCY 6106: Financial Statement Analysis ACCY 6900: Taxation of Financial Instruments
International Accounting and Taxation ACCY 6110: International Reporting and Control ACCY 6111: International Accounting ACCY 6112: International Financial Reporting Standards ACCY 6900: International Taxation
Government and Non-profit Accounting ACCY 6701: Government Accounting and Auditing ACCY 6900: Management Accy: Gov. and Not for Profit
For students wishing to sit for the CPA exam, we recommend taking the following courses in addition to the MBA core courses. Financial Accounting and Managerial Accounting:
ACCY 6104: Intermediate Accounting I ACCY 6105: Intermediate Accounting II ACCY 6112: International Financial Reporting Standards ACCY 6201: Managerial Accounting (mgt. accy I) ACCY 6202: Accounting and Control (mgt.accy II ACCY 6301: Contemporary Auditing Theory ACCY 6401: Federal Income Taxation ACCY 6402: Federal Income Taxation of Partnerships ACCY 6403: Federal Income Taxation of Corporations ACCY 6501: Accounting Information Systems & EDP ACCY 6601: Business Law: Contracts, Torts and Property ACCY 6602: Business Law: Enterprise Organization ACCY 6701: Government Accounting and Auditing ACCY 6801: Corporate Governance and Ethics ACCY 6900: Advanced Accounting
Consulting & Strategy
Consulting is both a function and an industry and encompasses many different roles and types of firms or companies. In general consultants provide expert advice to individuals or organizations to enable them to be more efficient and / or more effective. Consultants may provide guidance to clients in many different areas including strategy, operations, customer relations, human capital, and foreign markets.
Key Trends In Consulting & Strategy Include:
• Significant growth of smaller consulting firms
• Need for specialized industry or functional knowledge (e.g. logistics, data warehousing, sales force automation, electronic commerce, brand management, electric power, chemical, etc.)
• Hiring of lawyers, engineers, and students with Ph.D. degrees (more competition)
• Longer consulting contracts
• Slower growth in the U.S. and higher growth in developing countries
• Growth in Health Care and Energy practice areas
Specializations Within The Broad Consulting Career Path Include:
General Managment Consulting, Strategy Consulting, Public Sector Consulting, Internl Consulting, Boutique, Specialized or Sector Consulting
Consulting & Strategy Course Suggestions:
MGT 6210: Individual and Group Dynamics *MGT 6211: Current Issues in Organizational Behavior MGT 6212: Behavioral Factors in the Process of Change *MGT 6213: Organizational Development: The Process of Organizational Change MGT6 214: Behavioral Factors in Management Consulting MGT 6215: Conflict ManagementSMPP 6202: Business Government Relations SMPP 6205: Business Representation & Lobbying SMPP 6290: Consulting Process (summer) SMPP 6291: Ethics & Business SMPP 6213: Management of Strategic Issues SMPP 6290: Sustainable Communities and Organizations (summer) MBAD 6290: Intro to Federal Consulting MBAD 6290: Leadership Skills/ Global Leaders HOL 6707: Organizational Learning HOL 6744: Meaningful Workplaces HOL 6746: Work Groups and Teams in ORG HOL 6705: Strategic Performance Processes
CSR and Sustainability
Career Track Snapshot for CSR and Sustainability (full Career Track Snapshot PDF) While there are some large companies with dedicated CR/Sustainability departments, the important thing to understand is that the great majority business roles are embedded in functions throughout organizations including operations and supply chain, strategy, marketing and finance, making it easier to eventually break into the field. Several functional specializations within the sustainability and corporate responsibility career path are highlighted in the complete version of this Career Snapshot.
Along with the big three issues (Carbon, Water, Energy) there are four main impact areas to consider: • Products and Services (Supply chain, environment, sustainable product development etc.) • Financial (Increased revenue and growth opportunities, microfinance etc.) • Employees in the workplace (Volunteerism and Community development, employee investment etc.) • Information (Reporting – reputation, influence etc.)
Typical Career paths that incorporate sustainability / CR into business functions include: Supply Chain and Operations Finance and Analytics Marketing and Communications Strategy and Consulting Account, Project Management and Program Management
CSR and Sustainability Course Suggestions:
SMPP 6210: Strategic Environmental Management SMPP 6207: Environment, Energy, Technology, and Science PAD 6266: Environmental Policy ECON 6237: Economics of the Environment and Natural Resources EMGT 6222: Energy Management ENRP 6240: Environmental Impact Statement Procedures and Environmental Law IAFF 6220: Science, Technology and Public Policy SMPP 6290: Sustainable Communities and Organizations (Summer) SMPP 6202: Business Government Relations SMPP 6207: Environmental, Energy, Technology & Society SMPP 6209: Seminar Business Econ & Public Policy SMPP 6210: Strategic Environmental Management MAE 6262: Energy Systems Analysis MAE 6263: Advances in Energy Engineering EMSE 6285: Analytical Tools for Energy Management GEOG 6221: Geospatial Techniques GEOG 6230: Seminar – Environmental Issues in Development MBAD 6290: Worldwide Energy Challenges
The basic definition of Finance is the management of money, banking, investments, and credit. It also deals with how money is budgeted and spent.
Key Trends In Finance Include:
• Transactional self-service is becoming the norm.
• Convertible assets will become more transient, requiring more efficient systems globally.
• New rivals are emerging in the retail and payments segments of the industry, threatening current business models.
• Multi-enterprise communications underpinning e-commerce are getting a facelift.
While There Are Numerous Specializations Within The Finance Function, The Primary Career Paths In The Finance Field:
Corporate Finance, Commercial Banking, International Development and Microfinance, Financial Planning and Private Wealth Management, Capital Markets (Investment Banking, Sales & Trading, Research), Investment Management and Alternative Investments (Venture Capital, Private Equity, Hedge Funds)
Finance Course Suggestions:
Corporate Finance FINA 6221: Financial Theory and Corporate Policy (3 credit hours) FINA 6222: Capital Formation (possibly split into two 1.5 credit hour courses) FINA 6223: Investment Analysis and Portfolio Management (3 credit hours) FINA 6224: Case Studies in Finance (3 credit hours) FINA 6234: New Venture Financing (3 credit hours)
FINA 6223: Investment Analysis and Portfolio Management (3 credit hours) FINA 6224: Case Studies in Finance (3 credit hours) FINA 6239: Applied Portfolio Management (3 credit hours) FINA 6290: Options Trading (1.5 credit hours) FINA 6290: Options Valuation (1.5 credit hours) FINA 6290: Financial Regulation and the Financial Crisis (3 credit hours)
Real Estate FINA 6222: Capital Formation (possibly split into two 1.5 credit hour courses) FINA 6240: Real Estate Development (3 credit hours) FINA 6241: Financing Real Estate Development (3 credit hours) FINA 6242: Problems in Real Estate Valuations (3 credit hours) FINA 6248: Real Estate Development Cases (3 credit hours) FINA 6290: Real Estate Law (3 credit hours)
Other Courses FINA 6237: Personal Financial Advising (3 credit hours) FINA 6290: History of Finance (1.5 credit hours) FINA 6235: Futures Markets: Trading and Hedging (3 credit hours)
Human Resource Management
Career Track Snapshot for Human Resource Management(full Career Track Snapshot PDF) Human Resource professionals handle the many processes necessary to ensure that employees are able to function in the most efficient and productive ways — providing the strongest return to both the organization and benefit to employees. Human Resource Management, as documented by The Society of Human Resources Managers (SHRM) is defined as: the function dealing with the management of people employed within the organization. Human Capital is defined as the collective knowledge, skills and abilities of an organization’s employees. Organizational Development is defined as a planned organization- wide effort to improve and increase the organization’s effectiveness, productivity, return on investment and overall employee job satisfaction through planned interventions in the organization’s processes. Human Resource professionals may operate within organizations, or from outside on a consulting basis. Depending on their roles within an organization, they may provide direction, strategy and process implementation for the organization on many issues.
Human Resource Management Course Suggestions:
MGT 6210: Individual and Group Dynamics in Organizations MGT 6213: Organizational Factors: The Process of Change MGT 6254: Negotiations and Labor Relations MGT 6257: Performance Management and Development MGT 6258: Applied Organization Leadership MGT 6290: Thinking Skills for Executive Leadership MGT 6252: Global Human Resource Management* MGT 6259: Employment Law and Ethics*
* Courses Offered Every 3 Years HOL 6704: Leadership in Organizations HOL 6705: Strategic Performance Process HOL 6706: Issues in Human Resource Development HOL 6721: Assessing Impact of HRD Efforts HOL 6725: Internship in Human Resource Development
The goal of international development is to improve the living standards in the developing world by capacity building provide sustainable solutions. There is no universally agreed upon definition as virtually every industry has areas related to international development. Strategies for improvement include investment in the economic, political, and social arenas.
Economic development ranges from the creation of sound macroeconomic and fiscal policy to the fostering of small-medium enterprise to the introduction or expansion of microfinance. It also involves identifying and creating the necessary infrastructure, energy, transportation, agriculture, or sanitation for economic growth through the provision of technical assistance and access to capital.
Political development focuses on the creation and fostering of good governance, including transparent financial systems, an independent judiciary and the active participation of civil society.
Social development focuses on the improvement of health, education, environment and social safety nets. The areas are interrelated and interdependent.
International development is literally a global topic and professionally a highly multidisciplinary field. Experience with specific functional specializations (finance, project management, IT etc.), industries (energy, agriculture etc.) and country/region expertise are expected. Focus areas within international development the international development career path include are most often found in the following:
International Agencies and Work in the Field Private Sector Public Sector Public-Private Partnerships Community Organizing and Advocacy Institutions
International Development Course Suggestions:
International Finance/Accounting IBUS 6301: International Business Finance IBUS 6302: Seminar in International Banking IBUS 6303: External Development Financing IBUS 6307: International Portfolio Management IBUS 6308: International Reporting and Control IBUS 6310: Intl. Financial Reporting Standards
International Accounting and Taxation ACCY 6110: International Reporting & Control ACCY 6111: International Accounting ACCY 6112: Intl. Financial Reporting Standards ACCY 6900: International Taxation
International Competition, Management & Strategy IBUS 6401: International Business Strategy IBUS 6402: Managing in Developing Countries IBUS 6290: International Business Negotiations IBUS 6201: International Marketing ACCY 6106: Financial Statement Analysis DNSC 6290: Supply Chain Strategy DNSC 6290: Sustainable Supply Chain MGT 215: Conflict Management MGT 216: Cross-Cultural Management MGT 293: New Venture Initiation MGT 296: New Venture Financing MGT 294: Strategic Entrepreneurship
Other Coursework Available IBUS 290 classes are experimental courses on selected topics, which eventually may become part of the department’s curriculum. Be advised that the scheduling varies based on faculty availability. The IBUS department also offers short term study abroad opportunities. Please check the International Education and Programs page for more information. IBUS 6290: Oil: Industry, Economy, Society
IBUS 6297/IBUS 6290: Globalization and China’s Business Envir. (Short-term Study Abroad) IBUS 6202: Privatization, National and Public/Private Partnerships (Short-term Study Abroad)
A Manager works within an organization and manages a group of people for the purpose of achieving the organization’s goals and vision. He or she is a leader who motivates people, holds them accountable, maintains high morale, has high energy and deals with performance issues. A good manager usually will advance in an organization through a succession of different roles in the various functional areas of operations, marketing, finance, human resources or technology.
Key Trends In Management
• Increase in workforce diversity
• Significant service sector growth
• Flatter organizations —less hierarchy
• Increase in women managers — especially in the technology industry
• Greater employment flexibility — part-time jobs, outsourcing, contract employees, flexible schedules, computer networking, working remote from the office
• More complexity —interconnection of business and the public sector on a global scale
• Information overload
• Emphasis on sustainability in an organization’s culture, products, services, supply chain, etc.
Specializations within the Human Resource Management career path include but are not limited to: Line Management, Program Management, Operations Management, Middle Management, Executive or Top Management, Nonprofit Management
Management Course Suggestions:
Course suggestions for Non Profit Management: PPPA 6031: Governing and Managing Nonprofit Organizations PPPA 6032: Managing Fund Raising and Philanthropy PPPA 6016: Public and Nonprofit Program Evaluation PPPA 6018: International NGO Management PPPA 6033: Nonprofit Enterprise PPPA 6034: Managing Nonprofit Boards PPPA 6053: Financial Management for Public, Nonprofit, and Health Organizations MGT 292: Small Business Management MGT 296: New Venture Financing
Other courses directed towards specific industries such as International Development, or Environmental Management and Policy (EMP) could also supplement the above courses. For example, these courses would be helpful if interested in EMP for non-profits:
SMPP 210: Strategic Environmental Management SMPP 207: Environment, Energy, Technology, and Science PAD 266: Environmental Policy ECON 237: Economics of the Environment and Natural Resources EMGT 222: Energy Management ENRP 240: Environmental Impact Statement Procedures and Environmental Law IAFF 220: Science, Technology and Public Policy SMPP 290: Sustainable Communities and Organizations (Summer)
Marketing is an exciting and dynamic function that is becoming increasingly complex, as the marketplace becomes more global and the diversity of customer bases increases. It is critical to all businesses, large and small, and crosses all industries. Marketing professionals handle the many tasks necessary to be sure those organizations identify, understand and attract those in their customer groups.
Marketing professionals may operate within organizations, or from outside on a consulting basis. They provide direction, strategy and implementation to their clients and colleagues in many ways, including: marketing strategy, marketing operations, customer service and fulfillment, revenue tracking and analysis, etc.
Marketing, as defined by the American Marketing Association (AMA), is: an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders.
Marketing encompasses many roles, responsibilities and categories. To name just a few Marketing categories, we can start with Consumer Marketing, Pharmaceutical Marketing, High-Tech Marketing, Clean Energy Marketing and Financial Services Marketing. There are many, many more categories.
Specializations Within The Broad Marketing Career Path Include But Are Not Limited To:
Brand & Product Management, Product Development, Marketing Research, Marketing Consulting, Business Development & Sales, Business Development, Sports Marketing, Public Relations Marketing Analysis/Strategy, Advertising & Promotion, Digital and Social Media Marketing
Marketing Course Suggestions:
MKTG 6243: Marketing Research MKTG 6248: Advertising/ Sales Promotion MKTG 6251: Product Management MKTG 6290: Pricing MKTG 6290: Social Media Marketing MKTG 6290: Marketing for Social Causes MKTG 6252: Electronic Marketing & Commerce MKTG 6259: Marketing Strategy MKTG 6290: Selling MKTG 6290: Marketing to Investors
The real estate industry is an essential force in determining where we live, work, shop, and relax, and in shaping the fabric of our cities and suburbs. In addition, it is one of the largest sources of wealth and employment in the economy. A career in real estate requires you to make decisions that will serve not only the company you work for, but also the larger interests of the public. The real estate industry offers varied jobs in different areas including development, investment, and services.
• Investors are focused on higher quality assets in search of higher rates of return.
• Therefore, money is being moved in to neglected secondary markets.
• Developers rush into multifamily, the only sector where demand and undersupply combine to justify new construction.
• Real estate firms boost profitability at the margins by keeping lean and the overall size of the industry is not expected to change.
• Some pockets of high-quality job growth do exist in energy markets where the natural gas boom and upward-trending oil prices lift prospects, the high-tech bastions, and “eds and meds” corridors around hospital centers and near major education institutions.
• People and businesses seek smaller spaces, which means slackened overall demand growth.
• Green building continues to gain importance, including the most avant guard trend, cradle-to-cradle. It is advantageous to be LEED certified.
Specializations within the broad real estate career path include:Appraisal and Consulting, Brokerage and Leasing, Corporate Real Estate, Mortgage and Construction Lending, Property Management, Institutional Real Estate Investment, Development, and Data Providers.
Real Estate Course Suggestions:
FINA 6222: Capital Formation
FINA 6240: Real Estate Development
FINA 6241: Financing Real Estate Development
FINA 6242: Problems in Real Estate Valuations
FINA 6248: Real Estate Development Cases
FINA 6290: Real Estate Law