School of Business
Faculty
Dean
Donald S. Siegel, Ph.D.
Columbia University
Associate Dean for Academic Programs
Hany A. Shawky, Ph.D.
Ohio State University
Vice Dean for Administration
Linda M. Krzykowski, Ph.D.
University at Albany
Assistant Dean
John S. Levato, M.A.
University at Albany
Director of Undergraduate Student Services
Susan Maloney, M.B.A.
University at Albany
Advisor, Office of Student Services
Jason C. Cotugno, M.S.
University at Albany
Distinguished Professor Emeritus
William K. Holstein, Ph.D.
Purdue University
Professors Emeriti
Donald D. Bourque, Ph.D.
University of Washington
Hugh T. Farley, J.D.
American University
Ronald W. Forbes, Ph.D.
State University of New York at Buffalo
Michael J. Kavanagh, Ph.D.
Iowa State University
Paul A. Leonard, Ph.D. (Collins Fellows)
University of Oregon
Charles M. Schaninger, Ph.D.
University of Rochester
Gary A. Yukl, Ph.D.
University of California
Professors
Sanjay Putrevu, Ph.D.
University at Buffalo
Hany A. Shawky, Ph.D.
Ohio State University
Thomas D. Taber, Ph.D.
University of Illinois
Giri Kumar Tayi, Ph.D.
Carnegie Mellon University
Associate Professors Emeriti
Donald D. Ballou, Ph.D.
University of Michigan
Salvatore Belardo, Ph.D.
Rensselaer Polytechnic Institute
W. Christian Buss, Ph.D.
University of Pennsylvania
William D. Danko, Ph.D.
Rensselaer Polytechnic Institute
David J. Marcinko, Ph.D.
Boston College
Nicholas Mastracchio, Jr., Ph.D.
Union College
Harold L. Pazer, M.B.A.
University of Washington
John P. Seagle, Ph.D.
Stanford University
Associate Professors
Rita Biswas, Ph.D.
Texas A. & M.
Uday Chandra, Ph.D.
Purdue University
Indushoba Chengalur-Smith, Ph.D.
Virginia Tech
Suraj Commuri, Ph.D.
University of Nebraska at Lincoln
Jakov J. Crnkovic, Ph.D.
University of Belgrade, Yugoslavia
Peter Duchessi, Ph.D.
Union College
Saurav K. Dutta, Ph.D.
University of Kansas
Cecilia Falbe, Ph.D.
Columbia University
Christophe Faugere, Ph.D.
University of Rochester
Ingrid Fisher, Ph.D.
University at Albany
Sanjay Goel, Ph.D.
Rensselaer Polytechnic Institute
Hal G. Gueutal, Ph.D.
Purdue University
Richard Johnson, Ph.D.
University of Maryland
Janet H. Marler, Ph.D.
Cornell University
Paul Miesing, Ph.D.
University of Colorado
Lakshmi Mohan, Ph.D.
Columbia University
Eliot H. Rich, Ph.D.
University at Albany
Paul H. Schurr, Ph.D.
Northwestern University
David M. Smith, Ph.D.
Virginia Tech
Kinsun Tam, Ph.D.
University of Connecticut
Wei Zhang, Ph.D.
University of Nebraska at Lincoln
Assistant Professors
Dennis Caplan, Ph.D.
University of California, Berkeley
Seok-Joo Chang
University of Connecticut
Na Dai, Ph.D.
University of Kansas
Guy Dinesh Fernando, Ph.D.
Syracuse University
Zheyin Gu, Ph.D.
New York University
Alfred Liu, Ph.D.
University of California, Irvine
Saggi Nevo, Ph.D.
York University
Richard Schneible, Ph.D.
Syracuse University
Yvonne Wang, Ph.D.
Pennsylvania State University
Visiting Assistant Professors
Martin L. Fogelman, Ph.D.
University at Albany
Raymond K. Van Ness, Ph.D.
Union Institute & University
Lecturers
Thomas Collura, J.D.
Albany Law School of Union University
Marissa Lester, M.S.
University at Albany
Michelle Moshier, M.S.
University of Hartford
Peter J. Ross, M.B.A.
University at Albany
Adjuncts (estimated): 15–20
Teaching Doctoral Assistants (estimated): 2–3
The School of Business offers degree programs at the undergraduate and graduate levels that prepare students to enter managerial and professional careers. All programs are accredited by the Association to Advance Collegiate Schools of Business.
All School of Business courses are preceded by the prefix letter B. The following School of Business courses are considered “Liberal Arts and Sciences” courses by the University: B BUS 250, B LAW 200, 220, B MGT 341, 430, 465, 481, B MKT 351, B ITM 215, 220.
No more than six credits from these courses may be counted as “Liberal Arts and Sciences” courses by students majoring in business administration or accounting.
At the undergraduate level, the school offers Bachelor of Science (B.S.) degrees in accounting and in business administration. The B.S. degree is granted only to students who have been formally admitted to the School of Business prior to taking their upper division courses in business.
At the graduate level, the school offers a Master of Business Administration (M.B.A.), a Master of Science in Accounting (M.S.), and a Master of Science in Taxation (M.S.). The M.B.A. is a two-year program open primarily to non-business undergraduates. A combined B.S./M.B.A. program (five years) is available to business students (Preprofessional Program). In addition, the School participates in the Information Science Ph.D. in cooperation with other academic units. Information on this graduate program is available in the Graduate Bulletin.
The School of Business at Albany has developed a national reputation for the quality of its undergraduate programs. The school is unable to accommodate all undergraduate students who wish to enroll as upper-division majors.
Application and Admission
The following guidelines have been developed as a means of selecting the best-qualified students to study accounting or business administration.
Initial Admission of Freshmen to the School of Business
All students admitted to the University for whose basis of admission is “FRESHMAN” can be admitted to the School of Business by declaring their major as “School of Business.” To do so, they must sign a School of Business major declaration form and submit this to their Advisement Services Center (ASC) or Educational Opportunities Program (EOP) academic advisor.
Most students who declare a major in the School of Business do so during their initial meeting with their academic advisor at orientation. However, students who fill out the form by December 15th of a fall semester or May 15th of a spring semester will also be considered during the next review for admission to junior standing in the School of Business.
To remain a School of Business major during the freshman and sophomore years, each student must meet the retention standards set by the School of Business. These standards require students to maintain a 3.25 overall average at the University at Albany and at least a 3.00 average for the designated admission core course categories taken at Albany.
To remain a School of Business major, students must also have satisfactorily completed any five of the seven admission core course categories after three semesters at the University, and all seven of the admission core course categories after four semesters at the University. (Note: all core course categories not completed prior to matriculation must be taken at the University and graded on an A–E basis.) These categories are: (1) B ACC 211 (2) B ITM 215 (3) A MAT 108 or A ECO 320 (4) A ECO 110 (5) A ECO 111 (6) A PSY 101 and (7) A SOC 115 or A ANT 108. In addition, students must have completed a total of at least 56 degree applicable credits after four semesters at the University to remain a School of Business major.
Students’ records will be evaluated after their second semester, and those falling below the retention standards will receive a warning letter indicating they are in jeopardy of losing their status as a School of Business major. Students’ records will again be evaluated after their third and fourth semesters to determine that all of the above retention standards have been met.
Students not meeting these standards by the end of their fourth semester at the University at Albany are not guaranteed admission to the School of Business.
Students in the School of Business who have attained junior standing (i.e., 56 degree applicable credits) and who have met all the retention standards shall be eligible to enroll in the upper division School of Business courses.
Direct Admission as Freshmen
Beginning with the freshman class entering in Fall 2006, a select group of freshmen will be offered admission to the School of Business without any additional conditions beyond those for continuing enrollment at the University. Such admission will be based on a review of the student’s performance in high school as reflected in grade point average (HSGPA) and performance on school-based tests such as Regents exams, scores on the SAT or ACT national exams; and a competitive rank in class. The minimum criteria for consideration will be a minimum score of 3,000 calculated as: HSGPA times 20 plus SAT score.
Students must complete the same set of business core course categories during their first two years that are required of all students in order to begin the upper division sequence of business courses in the junior year. The business core course categories must be completed with an average grade of at least C (2.00).
Direct admission as freshmen to the School of Business represents an act of confidence in a cadre of well-prepared students, and it is expected that these students will perform at the highest academic levels at the University at Albany. Students must meet University at Albany requirements for good academic standing to retain their enrollment in the School of Business.
Initial Admission of Transfers with Sophomore Standing or Above to the School of Business
All students admitted to the University for summer 2007 or thereafter whose basis of admission is “TRANSFER” can be admitted to the School of Business by declaring their major as either Accounting or Business Administration at the time of their application to the University as long as they will have met the following criteria:
Students must have completed a total of at least 32 degree applicable credits by the end of the spring semester preceding their summer or fall admission to the University, or by the end of the fall semester preceding their spring admission to the University. They must also have a final cumulative average of 3.25 or higher and have completed elsewhere a minimum of four of the designated admission core courses with at least a 3.00 average prior to matriculation.
To remain a School of Business major, students must achieve a minimum overall average at the University at Albany of at least a 3.25 and a minimum 3.00 average for the admission core course categories taken at Albany by the end of their second semester at this university. They must also have satisfactorily completed all seven of the admission core course categories after those two semesters. These categories are: (1) B ACC 211 (2) B ITM 215 (3) A MAT 108 or A ECO 320 (4) A ECO 110 (5) A ECO 111 (6) A PSY 101 and (7) A SOC 115 or A ANT 108. (Note: all core course categories not completed prior to matriculation must be taken at the University and graded on an A–E basis.) Additionally, they must have achieved 56 degree applicable degree credits after two semesters at the University.
Subsequent Admission to the School of Business
Students who did not declare their major as “School of Business” by the deadlines stated above but whose basis of admission is “FRESHMAN” or who were admitted to the University as a “TRANSFER” with fewer than 32 degree-applicable credits may directly apply (or reapply) for admission to the School of Business once they have attained junior standing (i.e., 56 degree applicable credits) and have satisfactorily completed all seven of the admission core course categories. These categories are: (1) B ACC 211 (2) B ITM 215 (3) A MAT 108 or A ECO 320 (4) A ECO 110 (5) A ECO 111 (6) A PSY 101 and (7) A SOC 115 or A ANT 108.
(Note: all core course categories not completed prior to matriculation must be taken at the University and graded on an A–E basis.)
Other “TRANSFER” students who were admitted with 32 or more degree-applicable credits but who were not initially admitted to the School of Business may still be considered for admission within the following guidelines:
a. Students who can demonstrate that their previous transfer record would have qualified them for admission had they applied initially to the School of Business will be admitted under the conditions and criteria described above for other sophomore or junior transfers.
b. Students who do not initially qualify for admission as a transfer student to the School of Business may apply directly to the School of Business in the semester in which they will have completed 56 credits and all seven core course categories. Applications are available in the Office of Student Services in BA 361A on May 1st, June 1st, or December 1st and are due in that same office prior to the end of final exams for a fall, spring, and summer session.
Appeals:
Special Admissions: Students not admissible by any of the established criteria but who believe they have extenuating circumstances may write a letter of appeal to the School of Business. Contact the Director of Undergraduate Services, BA 361A for the procedure.
Degree Requirements for the Major in Accounting
| Required Liberal Arts & Sciences Courses | |
| *A ECO 110 Principles of Economics I: Microeconomics | 3 |
| *A ECO 111 Principles of Economics II: Macroeconomics | 3 |
| Writing (A lower level writing intensive course) | 3 |
| *A PSY 101 Introduction to Psychology | 3 |
| *A SOC 115 Introduction to Sociology or *A ANT 108 Introduction to Cultural Anthropology |
3 |
| Economics elective 300 level or above where A ECO 110 and 111 are prerequisites, excluding A ECO 320, 496, and 497 | 3 |
| A MAT 106, 111, 112, 118, or equivalent Calculus | 3 |
| B MGT 341 Behavioral Foundations of Management | 3 |
| B BUS 300 Accounting and Communications | 1 |
| 25 | |
| General Education Requirements: as needed to fulfill University General Education Program requirements, minimum 30 credits; some credits may be filled by required Liberal Arts & Sciences or Business courses. (For clarification, see the General Education section of this Bulletin.) | |
| Other Liberal Arts & Sciences elective credit: total credits will vary based on courses selected for General Education requirements. | |
| Total Liberal Arts & Sciences credits | 60 |
| Business and Accounting Requirements | |
| *B ACC 211 Financial Accounting | 3 |
| B ACC 222 Cost Accounting Systems For Managerial Decisions | 3 |
| B ACC 311 Financial Accounting Theory I | 3 |
| B ACC 312 Financial Accounting Theory II | 3 |
| B ACC 381 Financial Information Systems | 3 |
| B ACC 411 Financial Accounting Theory III | 3 |
| B ACC 440 Survey of Taxation | 3 |
| B ACC 461 Auditing | 3 |
| B LAW 220 Business Law | 3 |
| *B ITM 215 Computer Applications in Business | 3 |
| *A MAT 108 or A ECO 320 Statistics | 3 |
| B FIN 300 Financial Management | 3 |
| B FIN 301 Corporate Financial Policy and Strategy or B FIN 375 Money and Capital Markets or A ECO 350 Money and Banking | 3 |
| B LAW 321 Law of Business Organization | 3 |
| B MKT 310 Marketing Principles and Policies | 3 |
| B ITM 330 Business Information Systems & Technologies | 3 |
| B MGT 481W Strategic Management | 3 |
| Total Business and Accounting Requirement Credits | 51 |
| Additional Business or Liberal Arts & Sciences Elective Credits | 9 |
| Total Graduation Credits (minimum) | 120# |
*These are Admission Core Course Requirements (see above).
NOTE: The following courses are not acceptable toward the CPA exam requirements: physical education courses; health courses; most Information Studies courses; School of Education courses; and courses not classified by the School of Business as liberal arts and sciences.
# NOTE: CPA Examination—New York State has adopted the 150-credit requirement for admission to the CPA Examination. Students planning to take this examination will be asked to take the additional credits beyond the 120 required for the Bachelor of Science degree. You should consult your adviser for details on this change.
Degree Requirements for the Major in Business Administration
The programs in business administration, combining a major-minor sequence, are designed for students planning careers in management science, marketing, and financial analysis, or a combination of these three major areas.
| Required Liberal Arts & Sciences Courses | |
| *A ECO 110 Principles of Economics I: Microeconomics | 3 |
| *A ECO 111 Principles of Economics II: Macroeconomics | 3 |
| Economics elective 300 level or above where A ECO 110 and 111 are prerequisites, excluding A ECO 320, 496, and 497 | 3 |
| A MAT 106, 111, 112, 113, 118 (or equivalent) Calculus | 3 |
| *A PSY 101 Introduction to Psychology | 3 |
| *A SOC 115 Introduction to Sociology or *A ANT 108 Cultural Anthropology |
3 |
| 18 | |
| General Education Courses: as needed to fulfill University General Education Program requirements, minimum 30 credits; some credits may be filled by required Liberal Arts & Sciences or Business courses. (For clarification, see the General Education section of this Bulletin.) | |
| Other Liberal Arts & Sciences Electives: total credits will vary based on courses selected for General Education requirements. |
|
|
Minimum Total Liberal Arts & Sciences Credits |
60 |
| Business and Accounting Requirements | |
| *B ACC 211 Financial Accounting | 3 |
| B ACC 222 Cost Accounting Systems For Managerial Decisions | 3 |
| B FIN 300 Financial Management | 3 |
| *B ITM 215 Computer Applications in Business | 3 |
| *A MAT 108 or A ECO 320 Statistics | 3 |
| B ITM 330 Business Information Systems and Technologies | 3 |
| B LAW 220 Business Law or B LAW 200 Legal Environment of Business | 3 |
| B MKT 310 Marketing Principles | 3 |
| B MGT 341 Behavioral Foundations of Management | 3 |
| B MGT 481W Strategic Management | 3 |
| Credits in selected concentration | 15 -21 |
| Total Business and Accounting Requirement Credits | 45 -51 |
| Unrestricted Elective Credits: these may be Liberal Arts & Sciences courses or other electives | 9 -15 |
| Total Business and Unrestricted Elective Credits | 60 |
| Total Graduation Credits (minimum) | 120 |
* These are Admission Core Course Requirements (see above.)
** Approved Concentrations: Entrepreneurship, Financial Analyst or Information Technology Management or Marketing or a combined concentration from two of these categories or one of these categories combined with Management. For more detailed information on concentrations, courses, departments, placement, and other services to students that are available in the University at Albany’s School of Business, please visit the school web page: www.albany.edu/business/
Financial Analyst Honors Program
This program is designed to provide serious students of finance with the opportunity for a special educational experience in small seminars where they can develop their analytical and communication skills.
School of Business students may continue in the Honors Program at the end of the first semester of the junior year so long as they have achieved a cumulative grade point average (GPA) of at least 3.50 for:
(1) all courses taken through the first semester junior year, and
(2) the following four courses: B ACC 211, B ACC 222, B FIN 300, and B ACC 313.
NOTE: Students will be allowed to advance register for second semester junior year courses with the understanding that if they do not meet the minimum qualification for retention in the Honors Program, they will receive a letter informing them of their non-retention in the Honors Program and will be deregistered for courses in the program.
Maintenance of a minimum cumulative grade point average of 3.50 overall and a 3.50 in all courses required in the Honors sequence is required to remain in the program.
The Honors Program has a mandatory mentoring program and all students in the program will be matched with a mentor as assigned by Finance department faculty in consultation with the Office of Student Services. Students will retain the mentor relationship so long as they are registered in the program.
Required Honors Program courses for the concentration are:
B ACC 313
B FIN 380
B FIN 400
B FIN 410
B FIN 436
B FIN 470 or B FIN 485
B FIN 490Z
Financial Analyst Honors Program Sequence:
Fall semester junior year:
B ACC 313 Financial Statement Analysis
B FIN 300 Financial Management (Required of all School of Business students)
Spring semester junior year:
B FIN 380 Investment Valuation and Analysis
B FIN 400 Financial Case Problems
B FIN 410 Fixed Income Securities Market
Fall semester senior year:
B FIN 490Z Financial Analysis Seminar and Thesis
Spring semester senior year:
B FIN 436 International Financial Management
B FIN 470 Special Topics in Finance or B FIN 485 Derivatives and Risk Management
During the Financial Analysis Seminar and Thesis course, students will be required to present oral and/or written progress reports on their ongoing research and critique each other’s work. Each student must submit his or her senior honors thesis to the Finance faculty for review and eventual acceptance.
NOTE: Students who drop or are dropped from the Financial Honors Program at the end of their junior year will be allowed to use any completed courses in Finance toward a combined concentration in Finance/ITM, Finance/Management or Finance/Marketing after consultation with the School of Business undergraduate advisement personnel.
Students who successfully complete the courses in the Financial Analyst Honors Program and have a cumulative GPA of at least 3.50 will be awarded the Bachelor of Science with Honors in Financial Analysis, and will be recognized formally at the School of Business recognition ceremony in May. Students whose cumulative GPA is below 3.50 will be awarded the Bachelor of Science in Financial Analysis (without honors).
Preprofessional Program
This program is designed for outstanding Business Administration majors who wish to obtain the M.B.A. degree in five years. A formal application to the coordinated senior year must be submitted during the second semester of the junior year. Students must submit a Graduate Management Admission Test Score as a part of their application. Those interested in this program should contact the Director of Undergraduate Student Services, BA 361A, for more specific information.
Liberal Arts and Sciences Requirements
Students should complete the following liberal arts courses to be considered for admission to the program: A ECO 110 and 111; A MAT 106 or 111 or 112 or 118 or equivalent; A PSY 101; A ANT 108 or A SOC 115, upper level ECO course, a writing intensive course, and additional required General Education courses.
| Business Requirements | |
| B ACC 211 Financial Accounting | 3 |
| B ACC 222 Cost Accounting Systems For Managerial Decisions | 3 |
| B FIN 300 Financial Management | 3 |
| B LAW 200 or 220 Business Law | 3 |
| B MGT 341 Behavioral Foundations of Management | 3 |
| B MKT 310 Marketing Principles and Policies | 3 |
| B ITM 215 Computer Applications in Business | 3 |
| A MAT 108 or A ECO 320 Statistics | 3 |
| B ITM 322 Statistics for Business Research | 3 |
| B ITM 330 Business Information Systems and Technologies | 3 |
| Total | 30 |
Combined Bachelor's/Master in Business Administration Program
The early M.B.A. option is designed for students majoring in selected areas of the liberal arts and sciences who wish to obtain the M.B.A. degree in five years. Undergraduates at the University at Albany may apply for early admission to the School of Business M.B.A. program during their junior year. Students interested in this option are encouraged to contact the Director of Undergraduate Student Services during their sophomore year.
Admission Requirements
1. By May of the junior year, an applicant must have completed the Graduate Management Admission Test and achieved a minimum score of 575.
2. During the fall of the junior year, students may make an appointment to see the Director of Undergraduate Student Services to discuss the application/admission criteria.
3. During the spring of the student’s junior year, the student must submit an application for admission to the early admission M.B.A. option. Applications are available in the Graduate Studies Office in the University Administration Building Room 121 (all application criteria in effect for the M.B.A. Program must be followed).
4. At the conclusion of the junior year, an applicant for the early-admission program must have achieved a cumulative GPA at the University at Albany of 3.30.
5. Students may not be admitted to this option if 100 or more undergraduate degree credits have been accumulated.
6. Completed applications must be returned to the Graduate Studies Office in the University Administration Building Room 121. All applications will be reviewed and processed by the Graduate Affairs Committee. Applicants will be interviewed by the GAC as part of an admission process.
7. At the end of the 120 credits used for the B.S. or B.A., the cumulative grade point average at Albany must be at least 3.00.
Liberal Arts and Science Requirements
Students should complete the following liberal arts courses to be considered for admission to the program. A ECO 110 and 111; A MAT 106 or 112 or equivalent; A PSY 101; A ANT 108 or A SOC 115; upper level ECO course; a writing intensive course, and additional General Education requirements.
Requirements: Undergraduate Courses
1. General Education Requirements (See section on General Education included under Requirements for Bachelor's Degree at the beginning of this Bulletin.)
2. Major Requirements (36 or more credits.)
Approved Bachelor's Degree/Master of Business Administration Programs
College of Arts and Sciences
Africana Studies (General Program: B.A.)
Anthropology (General Program: B.A.)
Art (General and Departmental Programs: B.A.)
Biology (General Program: B.A. degree only)
Economics (General Program: B.A. degree only)
English (General Program: B.A.)
Geography (General Program: B.A.)
History (General Program: B.A.)
Linguistics (General Program: B.A.)
Mathematics (General Program: B.A.)
Music (General and Departmental Programs: B.A.)
Philosophy (General Program: B.A.)
Psychology (General Program: B.A.)
Rhetoric and Communication (General Program: B.A.)
Sociology (General Program: B.A.)
College of Computing and Information
Computer Science (General Program: B.A. degree only)
School of Criminal Justice
Criminal Justice (General Program: B.A.)
Nelson A. Rockefeller College
Political Science (General Program: B.A.)
