The Fogelman College of Business & Economics

Marla Royne Stafford, Ph.D., Interim Dean
Room 432, Fogelman Business and Economics Building
(901) 678-2432
http://www.memphis.edu/fcbe/

Charles A. Pierce, Ph.D.
Associate Dean for Academic Programs and Research
FAB Room 426
(901) 678-5402

Purpose

The function of The Fogelman College of Business and Economics is to provide the basic education at the undergraduate level necessary to prepare a person to enter the profession of business. A significant characteristic of the college is that it provides for concentration in the departments of economics and business, not as a substitute for, but as a part of, a broad liberal education. The undergraduate and graduate programs of the college are fully accredited by the AACSB International (Association to Advance Collegiate Schools of Business International).

Mission and Objectives of the Undergraduate Program

The Fogelman College of Business and Economics strives to provide a learning environment that fosters scholarship, intellectual curiosity, and collegiality. The mission of the undergraduate degree program is to prepare students for meaningful and responsible participation in a broad range of career opportunities in business, government, and institutional settings, or for advanced professional or graduate education. The College is dedicated to helping students acquire the competencies and attitudes for a lifetime of learning as they face the challenges of the future.

The objectives of the undergraduate curriculum at the Fogelman College of Business and Economics are to help students acquire the following knowledge and skills:

Knowledge

Knowledge of cultural, global, and ethical environment within which businesses operate; an appreciation of the impact of business decisions on society, the enterprise, and individuals; knowledge of mathematics and quantitative methods necessary to effectively analyze business decisions; an understanding of the role and impact of diversity in organizations; and understanding of the management of information and information technology; foundation knowledge in each of the functional departments of business and in-depth understanding of one or more specializations; an awareness of the relationship between academic theory and practice to promote informed decisions under conditions of uncertainty.

Skills

Ability to integrate knowledge from various disciplines to define business problems and research solutions; critical thinking and decision-making skills essential to solving business problems; communication skills to effectively participate in the business environment and larger society; proficiency in relevant computer applications; ability to contribute within a team environment to enhance organizational effectiveness; ability to analyze ethical situations within the context of the global business environment.

Organization of the College

The Fogelman College of Business and Economics comprises six academic units: School of Accountancy; Department of Economics; Department of Finance, Insurance, and Real Estate; Department of Management; Department of Marketing and Supply Chain Management; and the Department of Business Information and Technology.

These academic units offer a variety of majors and minors, the detailed requirements for which are listed later in this section. The interdisciplinary International Business Program centered in this college offers an undergraduate major in International Business; requirements are listed in the section pertaining to academic department requirements. In addition there are nine research units: Sparks Bureau of Business and Economic Research, Center for Manpower Studies, Center of Innovative Technology Management, Enterprise Simulation and Optimization Lab, Robert Wang Center for International Business, The Methodist LeBonheur Center for Healthcare Economics, Systems Testing Excellence Program (STEP), and the Center for Managing Emerging Technologies.

General Requirements

The college curriculum is organized into a lower division and an upper division:

The Lower Division (LD) comprises the freshman and sophomore years, the first four semesters of university work. Courses offered in the lower division are numbered from 1000 through 2999, and the student must register consistently for all lower division requirements until they are completed.

Admission To Degree Program:

To continue into the upper division business courses, all students seeking a degree in the Fogelman College of Business and Economics must (1) complete the following courses with a minimum grade of “C” and a minimum 2.25 GPA. (2.5 GPA. for Accounting majors): ECON 2010 , ECON 2020 , SCMS 2710 or MATH 1530 , ACCT 2010 , ACCT 2020 , MIS 2749 ; (2) have accumulated 45 hours of course work including the required 9 hours of English; COMM 2381 ; MATH 1421 , MATH 1830 or MATH 1910 (with a minimum grade of “C”); ECON 2010 , ECON 2020 ; ACCT 2010 , ACCT 2020 ; SCMS 2710 or MATH 1530 ; MIS 2749 .

The Upper Division (UD) comprises all junior and senior years of undergraduate work; courses offered in the upper division are numbered 3000 through 4999. Students must have earned a minimum of 45 credit hours and have met specific course prerequisites with a minimum grade of “C” to be eligible for all 3000- and 4000-level courses. In addition to these requirements, students seeking a degree in the Fogelman College of Business and Economics must have (1) completed all required lower division business courses with a minimum grade of “C” in each; (2) minimum of 2.25 GPA (2.5 for ACCT majors) in all required lower division business courses and (3) 45 hours of course work including MATH 1421 , MATH 1830 or MATH 1910 (with a minimum grade of “C), COMM 2381 and 9 hours of English (See B.B.A. Degree Requirements-General Requirements).

Retention:

To graduate from the Fogelman College of Business and Economics, all students must have a minimum grade of a “C” and a 2.25 G.P.A. in the following courses: ACCT 3130 , FIR 3410 , MGMT 3110 , MGMT 3510 , MGMT 4710 , MKTG 3010 , MIS 3210 , SCMS 3510 , SCMS 3711 and the International Business course. All major courses require a minimum grade of “C” and a minimum 2.25 GPA.

B.B.A Requirements

To qualify for the Bachelor of Business Administration (B.B.A.) degree, the student must complete a minimum of 120 semester hours with a minimum overall grade point average of 2.00 and meet additional grade point average requirements described below.
A minimum grade of “C” is necessary in these lower division courses: MATH 1830 , MATH 1910 , or MATH 1421 ; SCMS 2710 or MATH 1530 ; ECON 2010 , ECON 2020 ;ACCT 2010 , ACCT 2020 ; MIS 2749 . A minimum grade point average of 2.25 (ACCT majors - 2.5) is necessary in these lower division business courses: ACCT 2010 , ACCT 2020 , ECON 2010 , ECON 2020 , MIS 2749 , and either SCMS 2710 or MATH 1530 . A minimum grade of “C” and a minimum grade point average of a 2.25 is necessary for these upper division courses: ACCT 3130 , FIR 3410 , MGMT 3110 , MGMT 3510 , MGMT 4710 , SCMS 3510 , SCMS 3711 , MIS 3210 , MKTG 3010 , and the International Business course.
B.B.A. students may apply no more than two semester hours of physical activity courses to the minimum degree requirements of 120 semester hours.
B.B.A. students may apply no more than 6 hours of internship toward their major requirements and no more than 6 hours of independent study toward their major requirements for a maximum of 9 hours combined internship and independent study in the major. Internship and independent study courses must be approved by the department chair.
All courses used to satisfy specific degree requirements of this college must be taken on a “letter grade” OR “credit by examination” basis. A minimum grade of “C” (or a “S” grade for satisfactory) must be earned in all courses that are used in the the lower division business core, the upper division business core, in all business majors and in all business minors. Hours earned on a “credit/no credit” basis are accepted only in courses that are not required for the student’s degree. Courses taken on an “audit” basis cannot be used to satisfy college requirements.
A surcharge of $35 per credit hour for 3000 and 4000 level courses and for 6000-9000 level courses has been approved by the Tennessee Board of Regents. The purpose of the surcharge on these business courses is to guarantee the continuous improvement of the college and compliance with the standards of the Association to Advance Collegiate Schools of Business International (AACSB International).
In The Fogelman College of Business and Economics, students are only allowed to attempt a business course three times. If the student is unsuccessful on the third attempt, he or she must select a major outside of Fogelman College.
Contact the department of your major for information about experiential learning credit.

NOTE: The Fogelman College of Business and Economics accepts a maximum of two semester hours in physical activity courses toward the fulfillment of its degree requirements.

Academic Advising

Every student entering The Fogelman College of Business and Economics will receive advice in the college’s Undergraduate Student Services Office. The advisor will assist the student in the selection of appropriate courses and provide the opportunity for meaningful discussion regarding career goals, past academic experience and future academic growth and progress as it relates to the student’s development. This assistance, however, does not in any way relieve the student of the primary responsibility of studying the Catalog and fulfilling all the requirements for the degree

Residence Requirements

Residence requirements for a degree in business administration are as follows: (1) the senior year must be completed at the University of Memphis, (2) a minimum of 33 hours of upper division business courses must be taken at the University of Memphis, and (3) 12 of the 33 upper division business administration hours must be in the major field.

A student transferring credits from a two-year (lower division) college must complete a minimum of 60 semester hours in an accredited senior institution.

Students with transfer credit are required to maintain a 2.0 GPA on all courses taken at the University of Memphis

Enrollment Priority

Neither admission by the University of Memphis and The Fogelman College of Business and Economics nor completion of the minimum requirements guarantees admission to any specific course offered by the college. Limited resources may require that enrollment in business classes be based on ranking by Grade Point Average with exceptions being made for graduating seniors.

I. The Major

Each student, with the assistance of an advisor in the college, not later than the beginning of the junior year, will select a major and, if available, an area of concentration within the major. The specific courses required by each department for the satisfaction of its major are listed in the section following. A major requires a minimum of 21 hours beyond upper division core requirements, and courses used to satisfy one major may not be used toward a second major or a minor. A minimum grade of “C” must be earned for each required course for the major.

II. Courses Not Applicable Toward B.B.A. Degree

Transitional Academic Studies (DSP) courses may not be used to fulfill the minimum number of hours required for the B.B.A. degree.

III. The Minor

A student whose major is within The Fogelman College of Business and Economics is not required to have a minor; however, such an option is available. A minimum grade of “C” must be earned for each required course in the lower division and upper division business administration core curriculum and in each course required for the minor.
A student whose major is within one of the other colleges of the university may take a minor in one of the academic departments. (See Residence Requirements for The Fogelman College of Business and Economics.)

Minor

To earn a minor in this college, a transfer student majoring in one of the other colleges of the university or in this college must earn at the University of Memphis a minimum of 6 upper division business administration hours of the total number of hours required for that minor.

See University Residence Requirements in the Graduation from the University section.

Transfer Credit

The official evaluation and acceptance of transfer credit is the responsibility of the Office of Admissions. The Undergraduate Student Services Office of The Fogelman College of Business and Economics, however, will be happy to answer inquiries regarding the applicability of transfer course work for the completion of the B.B.A. degree.

If a student transfers credit in required business courses that are classified as upper division in this college, but were taken as lower division credit or taken at a two-year (lower division) institution, these courses must be repeated or appealed to the chair of the department or the director of the school in which the course is taught. If the appeal is rejected, the student must repeat the course to earn the upper division hours.

Apply to Graduate

Students must apply to graduate with the University of Memphis by going to the portal (myMemphis), selecting the My Degree tab, and navigating to the “Commencement and graduation” channel.

After the students have applied to graduate, they will receive an email before the start of their graduating semester. The email will be sent only to their University of Memphis email address from the Graduation Analyst. All deadlines are strictly enforced.

Honors Programs

Admission

Lower Division: Incoming freshmen whose minimum score of 27 on the ACT or its equivalent on other tests are invited to participate and are eligible to enroll in the designated honors sections of this college’s lower division courses.

Transfer or students presently enrolled in the University of Memphis are eligible to enroll in the designated honors sections of this college’s lower division courses if they have a minimum 3.00 grade point average or the recommendation of a faculty member.

Upper Division: Students must have a minimum 3.25 grade point average in business courses and a 3.00 overall grade point average.

Students will need to complete an application form available from the College Honors Advisor to apply for the Business and Economics Honors Program.

Retention

The participating honors student must maintain a minimum 3.00 GPA in honors courses, have a minimum 3.25 GPA in all business courses, and a minimum overall GPA of 3.00.

Requirements

Qualification for “Honors in Business and Economics,” requires an Honors Thesis or Senior Honors Experience as determined by the Director of the College Honors Program. A student must also complete successfully (with a minimum grade of B) a minimum of 18 semester hours from the following:

No more than 6 hours from Honors Sections in appropriate 2000 level courses*.
At least 12 hours from Honors Sections in appropriate 3000 or 4000 level courses*.

In some circumstances, additional contract work and enrollment in a non-honors section of a required upper division course may be accepted as upper division honors credit. A maximum of 9 hours of upper division honors credit may be contracted.

*The appropriate courses will be decided by the Director of the College Honors Program.

Honors Thesis

A Grade of B or better must be earned in this course in order for the course to satisfy a requirement of graduating “with honors in Business.”

Certificate Of Achievement

Students who complete a minimum of 12 hours in Honors course work with a minimum of 3.25 grade point average and a minimum of “B” (3.0) in each of the Honors courses will receive a Certificate of Achievement.

Designation Of “With Honors In Business”

Students who complete 18 hours (meeting the restrictions listed) with an acceptable Honors Thesis or Senior Honors Experience and a minimum 3.25 grade point average in all courses taken in The Fogelman College of Business and Economics, and in all Honors courses taken in this college, with a minimum overall grade point average of 3.0 will have earned the designation of “With Honors in Business” which will appear on the transcript and diploma.

Individual program requirements described in the University of Memphis Undergraduate Catalog are subject to change. Please consult the college level advisor for changes that may occur before publication of the next issue of this Catalog.