Undergraduate Bulletin 2012-2013 Table of Contents
Georgetown Universitys McDonough School of Business was founded more than fifty years ago by Father Joseph Sebes, a professor in the School of Foreign Service, who believed that an understanding of commercial markets was essential to worldwide political stability. The school was named for alumnus Robert Emmett McDonough, a major benefactor.
Students in the McDonough School of Business are held to a high standard of academic integrity and are expected to display excellence in character as well as intellect. Faculty members foster an environment for learning by selecting techniques that challenge students to take an active role in the education process. Faculty are extremely engaged, bringing their research into the classroom and involving students in their scholarly pursuits, as well as exposing them to practical aspects of the business world.
The McDonough School of Business combines core requirements in business and liberal arts to provide students with a strong foundation in critical thinking and reasoning. During the first and second years, the primary academic emphasis is on the liberal arts core. Students complete courses in subjects such as English, philosophy, theology, and history, while beginning the business coursework and taking courses in accounting, international business, business statistics, and economics. In their junior and senior years, students complete a business core in the areas of finance, marketing, management, operations and information management, and strategy before completing coursework in their major. McDonough strongly supports students who would like to choose a minor in one of the nearly 50 liberal arts disciplines in the College. This blend of wide-ranging liberal studies and business courses creates opportunities for students to pursue diverse areas of interest.
Students are encouraged to take advantage of Georgetowns location in the nations capital to pursue internships in private industry, government, or non-profit organizations. Students have many opportunities within McDonough and the larger university community to serve other students and the community. The Undergraduate Program Office works closely with students to select courses and co-curricular activities that closely match their personal educational goals, while still meeting the McDonoughs degree requirements.
The McDonough School of Business opened the doors of its new state-of-the art building in 2009. With a stunning glass pavilion, wireless classrooms, and a unique colloquium space, the building is designed to facilitate maximum interaction between students and faculty. The new building is located at the center of Georgetowns campus, signaling McDonoughs historical roots within the Georgetown community, as well as its current identity--a premier business school dedicated to shaping global business leaders.
The baccalaureate program is accredited by the Association to Advance Collegiate Schools of Business (AACSB). McDonough offers the Bachelor of Science in Business Administration with six areas of major study.
The undergraduate concentration in accounting is designed for students who intend to become certified public accountants or internal auditors, industrial accountants, or corporate or government managers who will make decisions based on accounting information and operate control systems using accounting principles. The concentration in accounting also provides a comprehensive background for graduate study in business law, tax law, and economics. Prospective students should note that many states have implemented a 150-hour requirement to sit for the CPA exam. Students should ask their State Board of Accountancy about rules and regulations to sit for the exam. The concentration in accounting includes courses in basic and intermediate accounting and in specialized fields, such as cost accounting, auditing, and taxation.
In response to the needs of the financial community for graduates of potential executive stature, the McDonough School of Business major in finance prepares students in the theories and practices of corporate financial management, investments, and commercial and investment banking in a global environment. Subjects include equities and fixed income analysis, portfolio selection and management, financial control and valuation, and financial management and regulation. Graduates pursue careers in corporate financial management, commercial banking, investment banking, and the securities industry.
A major in international business prepares students to understand and apply business skills in accounting, finance, management, marketing, and operations in a cross-cultural and global context. Students gain competence in conducting business within and between markets and in understanding the environmental forces and policies that shape them. The major requires an international qualification, which can be met through foreign language proficiency, study abroad, or foreign living/working experience. Graduates pursue opportunities with firms which export, franchise or invest abroad, international financial institutions, federal and state agencies concerned with global issues, and supranational organizations, such as the WTO.
The Management, Leadership, and Innovation (MLI) major is an interdisciplinary major grounded in the organizational, social, and behavioral sciences. MLI courses draw on theory from these disciplines and a wide variety of practical and experiential exercises. The majors goals are to help students develop the managerial, interpersonal, organizational, communication, analytical, and diagnostic skills necessary to succeed in a wide variety of industries and occupations. In addition, the MLI major helps students to: work and lead effectively in increasingly diverse organizations; think creatively, act entrepreneurially, and innovate effectively; develop skills in managing human and social capital; understand the ways in which individuals, groups, and organizations change; and communicate effectively. The MLI major prepares students for a wide range of job opportunities in management consulting firms, innovative and entrepreneurial ventures, for-profits and non-profits, and any organization where excellent teamwork and strong interpersonal, analytical, and communication skills are critical success factors.
Marketing identifies customers needs and desires and then develops and delivers targeted products and services. Thus, marketers create value for the customer and firm, communicate that value to constituents, deliver value through proper channel alignment, and capture that value in a manner that fairly serves the customer and profits the firm. These activities apply to both the for-profit and non-profit fields. Marketing majors study topics such as marketing management and strategy, marketing research, product development and management, brand management, touchpoint and channel management, integrated marketing communications, pricing models, and global marketing.
The growth of integrated management systems linked to operations planning has led to a significant demand for professionals with a knowledge and understanding of information systems and related quantitative and statistical problem solving skills. Graduates with expertise in process management, quantitative skills and ability to implement decision support systems are highly sought after by firms across different industries. The OPIM major prepares students to address these demands by providing an essential foundation in operations management, management science, statistics, and information systems. The OPIM major provides a focused training in the analysis of business decisions and processes from both a strategic direction and an analytical perspective. Graduates combining the OPIM major with a major in finance or marketing are prepared for careers in consulting, investment banking, market research, and management positions that require a combination of quantitative skills and knowledge of business processes.
The student who chooses the individualized major should select a faculty member who, in consultation with the student, will chart a course of study including relevant business and other courses in the University that would best meet the students needs.
The proposed individualized major should be submitted in writing to the Director of the Undergraduate Program with both the students and faculty members signatures and, if approved, placed in the students file. All amendments to the major should also be submitted in writing and approved by the Associate Dean.
The McDonough School of Business and the Graduate School of Georgetown University offer a five-year BSBA/MSFS (Bachelor of Science in Business Administration/Master of Science in Foreign Service) Program. Third-year students in The McDonough School of Business who have maintained an honors academic average are eligible to apply to the Master of Science in Foreign Service. Successful applicants matriculate fully into the graduate program in the fourth year and receive the BSBA and MSFS degrees simultaneously upon completion of the fifth year of course work (selected courses must satisfy the divisional and elective requirements of both programs).
Admission to the BSBA/MSFS Program is competitive and students must satisfy all published application procedures for the Graduate School and MSFS except the Graduate Record Examination (GRE). Applicants must meet with an advisor in the Undergraduate Program Office and an MSFS Admissions staff member prior to submitting an application to determine suitability for the program. These meetings should occur no later than the first semester of the sophomore year.
To be competitive, BSBA students should have a 3.7 cumulative GPA, substantial experience living abroad (in addition to any study abroad experience), significant work and/or internship experience connected to international affairs, and advanced proficiency in a foreign language.
Business students who participate in the Reserve Officer Training Corp (ROTC) program may receive up to a maximum of 12 credits of Military Science courses applied to the bachelor of science degree in business. This policy is uniform with regard to Army Military Science offered on the main campus of Georgetown University and Naval Science offered at The George Washington University (and would be so applied to Air Force at Howard University in the event there is a degree candidate in McDonough in the future). Courses offered at 3 credits will be applied first, and courses offered at less than 3 credits may be allowed up to the limit of 12 credits total. All 12 credits may contribute to the 120 credits required for the degree and courses offered at 3 credits may count toward the 40 course requirement. Courses valued at less than 3 credits (MLSC 111, 112, 113, 114, 211 and 212) may only be bundled together to count toward the 40 course requirement in increments of 3 credits.
Although the majority of the McDonough School of Business graduates begin their professional careers immediately after graduation, a number of graduates elect further education, generally in law and, after some work experience, in business. McDonough graduates have been highly successful in gaining admission to many of the nations top MBA and law programs. Georgetown makes every attempt, through its curriculum and advising system, to provide its students with the best possible preparation for further study.
While there is no pre-law concentration, the McDonough School of Business curriculum provides an excellent opportunity to develop the analytical, verbal, and writing skills necessary for success in the legal profession. In particular, Taxation I and II and Business Law I and II provide excellent exposure to law and legal analysis. The students elective courses also can be used to enroll in relevant courses in other schools of the University. For example, courses in English, government, ethics, and logic, among others, may be elected to round out a stimulating pre-law program.
Students contemplating such programs should consult closely with the advisors in the Undergraduate Program Office, with one or more of the attorneys on the MSB faculty, and with the pre-law advisor at the Career Education Center.
The McDonough School of Business provides students with a network of support, including academic advising, extracurricular guidance, and career advising. Upon entering the university, each student in McDonough is assigned to an advisor in the Undergraduate Program Office. This advisor works closely with the student to ensure that the students curricular plan matches his or her interests and goals. When students declare their major(s), they have the opportunity to work with a designated faculty advisor in their major. Faculty advisors help students make informed choices about programs, areas of concentration, and career opportunities. The Undergraduate Program Office also works in tandem with the Career Education Center to provide a continuum of professional and career advising throughout the students undergraduate career.
The mission of the McDonough School of Business is to educate students to be ethically responsible and effective business leaders. Our goal is that students be able to improve the management of existing organizations and create new ones in order to responsibly help raise global standards of living. The learning goals focus on business knowledge; management, analytical, and communication skills; and unique Georgetown perspectives.
Our students will master the key frameworks, models, and skills that reflect the body of knowledge in their major, and will apply discipline-based habits of analytical thinking to problems and opportunities.
Our students will be skilled in the analysis of both qualitative information and quantitative data. They will be able to frame problems, apply appropriate analytical techniques, and draw valid conclusions and recommendations.
Should a student withdraw from a 1.5 credit course and drop below 12 credits, credit for tuition will be calculated from the date the Office of the Undergraduate Dean is notified according to the following percentages:
To withdraw from a course a student must complete an official drop slip in the Undergraduate Deans Office. If a student does not complete a course for which the student is registered and from which the student has not officially withdrawn, a failure will be recorded for that course. The add/drop period for 1.5-credit courses will last 5 weeks into the course (one-half the length of a withdrawal period for a 3-credit course). Courses dropped through this add/drop period will not be shown on a students record; thereafter, dropped courses are indicated by a W grade. No student at any time may withdraw from courses to the point of becoming a part-time student (i.e., registered for eleven or fewer credits) without the permission of the Undergraduate Dean.
The First Year Seminar (FYS) is an exciting way for first-year business students to explore the nature of scholarship, think about important ideas in business, and foster intellectual and personal growth while adapting to the rigor of college-level courses. The program offers small seminars (approximately 20 students) that create a supportive learning and service community. Throughout the program, students strengthen critical academic reading and writing skills necessary for success in college and explore intellectual links to a variety of business disciplines, including global public policy.
An integral part of the FYS is the case competition, which challenges students to develop a business solution for strategic problems and issues facing a nonprofit organization in Washington, D.C. Faculty and advanced undergraduates coach each team, and the finalists present their strategic recommendations to executives at the client organization.
Students in FYS meet several times during the semester to hear lectures by members of the world-class faculty at Georgetowns McDonough School of Business, who will introduce the various fields of study in business, as well as illustrate how scholarly research in the different fields can inform important questions in international business, public policy, and society. At least one of these lectures will be delivered by the head of the client organization of the programs case competition.
The humanities and writing requirement is fulfilled by first completing a course in Humanities and Writing (HUMW-011), followed by a HUMW II course (English 100299). Students with appropriate AP credit may begin with a HUMW II, followed by an advanced English course.
The mathematics requirement is four hours at the calculus level or above and must be completed by the end of the first year. Normally this requirement is satisfied by completing Calculus I (MATH-035). Adequate preparation for a calculus course normally requires three years of high school mathematics, including one-half year of trigonometry. Students who are deficient in mathematical skills will be required to take Pre-Calculus (MATH-001) before Calculus I (MATH-035). Pre-Calculus will fulfill one liberal arts elective requirement. Students who desire to take more advanced mathematics courses may do so provided they have sufficient background.
To fulfill the philosophy requirement, all students must take two courses: one in general philosophy and one in ethics. The first course must be an introductory course and the second may be an introductory or bridge course in philosophy. See department course listing for further details.
Two semesters of theology are required of all students for graduation. To fulfill this requirement, students may complete any two introductory courses offered by the Theology Department (THEO-001099). The Problem of God (THEO-001) or Introduction to Biblical Literature (THEO-011) should be the first theology course taken.
Students may choose any two introductory courses from the Departments of Government, History, or International Affairs (INAF), or choose from among certain history-based classics courses offered by the Classics Department. Any classics course taken to fulfill this requirement must be approved by the Undergraduate Program Office prior to registration for the course. The course must have sufficient historical content to meet this requirement.
The seven electives required to complete the liberal arts core may be taken in any liberal arts area offered by the University with the restriction that only one of these courses may be in the area of economics. Please note: STIA courses do not count as liberal arts electives.
The normal course load in The McDonough School of Business is five courses per semester. Special permission is required to take fewer than four or more than five courses per semester; students should discuss program implications with the Undergraduate Program Office.
To satisfy the twelve-course business core requirement, all students should complete Accounting, Computational Business Modeling, and Business Statistics the first year. During the second and third years, all students must complete the following: Accounting II, Business Law I (or Business Government Relations), Organizational Behavior, Principles of Marketing, Management Science ( prerequisite: Business Statistics) and Business Financial Management ( prerequisites: Calculus, Business Statistics, Microeconomics, and Accounting I). During the third year, students should complete both Strategic Management, and Productions and Operations Management. Finally, during the fourth year, students must complete the capstone course, Social Responsibility of Business. In addition to all core requirements, students must complete discipline-specific courses in one or two of the undergraduate business majors (see below).
Students planning to sit for the CPA examination should consult the Undergraduate Program Office, the accounting faculty, and their state Boards of Accountancy regarding specific requirements. Few states will allow a candidate for the CPA to take the examination with only 26 credit hours of preparation (including Accounting III), and many states require as many as 30 or more hours of accounting courses. Many potential CPA candidates will have to take several accounting electives in addition to the required five courses.
The major areas enable students to achieve a command of one or two of the business disciplines. When students declare their major(s), they will be assigned a faculty advisor (a mentor from within their chosen field of study). This mentor-student relationship is designed so that students will benefit from faculty expertise in their chosen major. Students are encouraged to seek faculty advice in addition to that provided by the Undergraduate Program Office. Students may declare a double major, but only two courses counted toward the first major may be counted toward the second major. In other words, students must take at least three courses that are not counted toward the first major, or at least eight courses total, to declare a double major. Students may not pursue a triple major. All students in the MSB are encouraged to discuss major and course choices with their academic advisors, faculty advisors, career education center advisors, and prospective employers.
Students may elect a minor from among the many departments within Georgetown College. Many MSB students select minors from among the liberal arts offerings. The general requirements for minors are listed in the Bulletin under the course offerings for the appropriate departments. Students seeking a minor should consult with the appropriate department to obtain authorization and complete the Declaration of Minor Form. Successful completion of the minor will be noted on the students final transcript, together with the major. Business students may not elect a minor within The McDonough School of Business, School of Foreign Service, or School of Nursing and Health Studies.
The McDonough School of Business is administered by the Dean who is responsible for the overall direction and development of the School, a Deputy Dean of Faculty, an Associate Dean who is Director of the Undergraduate Program, one or more Assistant Deans, and several Associate Directors or Academic Counselors. An administrative manager provides support services.
Students should check the MSB website (http://msb.georgetown.edu) for announcements and information and the MSB Blackboard Website for forms. Students are responsible for checking their MSB e-mail regularly for important academic information.
When a transfer student requests transfer credit for a business course that has been taken at another institution, the student may be asked to validate the course by passing an examination on the subject material covered in the equivalent course(s) at Georgetown.
WWith the exception of summer school courses listed in the usual departments of the four undergraduate schools on campus (College, SFS, MSB and NHS), MSB students may not enroll in courses offered through the School of Continuing Studies for its various degrees, certificates and special programs.
External applicants for transfer admission must have completed one semester of at least 12 credit hours prior to being accepted to McDonough. Internal candidates for transfer must have completed one year of study at Georgetown prior to being accepted to McDonough. In both cases, students should have achieved a minimum GPA of 3.0 on a 4.0 scale. Students currently enrolled in another school within the University who are interested in transferring should contact the Undergraduate Program Office. Students seeking admission from other universities should contact the Office of Undergraduate Admissions.
Incoming students who have taken a course(s) at another college or university during high school may request Georgetown credit (at most 12 credits) provided the following guidelines are met: (1) the course was taught at a four year accredited college or university, (2) the course was taught by a regular member of the college or university faculty, (3) the course was open to regular college or university students and was not designed specifically for high school students, (4) the course was recorded by the college or university on an official transcript, (5) the course did not count toward fulfillment of a high school graduation requirement, (6) the course was taken during junior year in high school or later, and (7) a grade of C or above was earned. In addition to meeting all of these guidelines, a copy of the course syllabus and an official transcript should be forwarded to the Undergraduate Program Office (along with a letter from the registrar of the college where courses were taken, verifying above criteria were met), for review and determination of whether credit will be awarded. The total number of courses taken away from Georgetown after matriculation cannot exceed twelve credit hours (generally four courses).
The Academic Standards Committee is composed of the professional staff in the Undergraduate Program Office. It convenes at the conclusion of the fall and spring semesters to review the academic records of all of the undergraduates in the School. In instances where a student has incurred an academic deficiency, the committee may recommend one of three courses of action: probation, suspension, or dismissal. The chair of the committee notifies the student in writing in the case of probation and the Associate Dean notifies the student in the case of suspension or dismissal.
Students who are either dismissed or suspended may appeal the decision of the Standards Committee to the Director of the Undergraduate Program, who will refer the student to the Board of Academic Appeals.
The Board of Academic Appeals shall be appointed by the Associate Dean in consultation with the Deputy Dean and consist of three faculty members. No member of the faculty may sit on a board as a voting member if the member:
The student should submit to the Director of the Undergraduate Program a written request for an appeal of the initial decision within the time limit of two weeks from the time of notification. The student may then present to the Board evidence which would indicate reasons for the Board to recommend to the Director of the Undergraduate Program a change in the initial decision.
The student may be present for the hearing or if because of extraordinary circumstances the student is unable to be present, he or she may present a written summary of the grounds for the appeal. When presenting the appeal to the Board, the student may appear alone or may bring someone to assist in the presentation.
Any student who wishes to submit a paper, or substantially the same paper, in two (or more) classes must discuss that plan with the concerned faculty members and obtain written approval so that no questions of deficiency might arise at a later time.
Tutorials. Tutorials will be offered only to juniors or seniors in good academic standing for work not covered by the existing curriculum. Students must take a tutorial for a letter grade and may take no more than one tutorial per semester.
Internship in Business. Internships permit the student to select a specific area within the field of business to explore outside the classroom. The purpose of an internship is to provide the student with an understanding of how a business actually operates and how business principles are applied. Students may apply for academic credit through one of the following:
MGMT-310: This course is available to current or rising juniors and seniors and is a three-credit seminar which must be taken for a letter grade. The intern will be required to attend individual and group meetings during the semester and to write a paper. To be considered for credit, all internships must be in the field of business and must provide a significant learning experience for the student. Further information and application forms are available from the Undergraduate Program Office.
MGMT-311: This course is offered only pass/fail and is worth one credit. It does not count towards any major nor towards the 40 courses required for graduation. It is offered both semesters of the academic year and during the summer.
All students enrolled in McDonough are eligible to participate in designated and approved programs abroad, organized through the Office of International Programs. Programs are available during the academic year, each semester, and each summer. Students who wish to participate in study-abroad programs during the school year must have a cumulative GPA of at least 3.0 or higher. Advice and planning are available in both the Office of International Programs and the Undergraduate Program Office. A maximum of 17 credits per semester may be taken, normally the equivalent of five Georgetown courses.
Georgetown University jointly with the Fudan University in Shanghai conducts a summer program in comparative business with a special focus on the Asia-Pacific market. Participating students take Comparative Strategic Management (MGMT-353), fulfilling the Strategic Management core requirement for MSB students, and Intercultural Communications (MGMT-205), fulfilling one of the upper-level business course requirements of the International Business major and one of the electives for the Management Major.
Georgetown Universitys Summer Program in Comparative Business at Oxford University compares business functions in Great Britain, Western Europe, and the United States. Participating students take Comparative Strategic Management (MGMT-353), fulfilling a core requirement for MSB students, and International Finance (FINC-250), fulfilling one of the upper-level international business courses for the International Business concentration and satisfying one of the requirements of finance majors.
The Georgetown-Escuela Superior de Administracion y Direccion de Empresas (ESADE) Summer program offers Georgetown business students the rare opportunity to study global entrepreneurship and international marketing at one of the worlds most prestigious business schools. The five-week program combines intensive classroom instruction with cultural activities and visits to key centers of economic activity, with particular emphasis on the many small local businesses that play a vital role in Barcelonas economy and exemplify the citys entrepreneurial environment.
The Undergraduate Program Office sponsors elite teams of students at various case competitions and leadership conferences throughout the country and internationally. The competitions present challenging cases, requiring students to apply knowledge from all areas of business study to present innovative solutions. The Undergraduate Program Office teams up with Hilltop Consultants for an annual, non-profit, live case competition at Georgetown University, called The McDonough-Hilltop Business Strategy Challenge.
In the Jesuit tradition of educating the whole person, the McDonough School of Business recognizes the impact that serving the community can have on a students development. McDonough strongly encourages students to participate in community service activities, either on their own or through opportunities offered by the University. Students have the option of an additional credit for significant work in the community, if the work is closely tied to a course in which the student is currently enrolled.
Recognizing the benefits of connecting students with established alumni, McDonoughs Alumni Mentor Program links current undergraduates with local alumni who have made great strides within their professional fields. The Alumni Mentor Program gives undergraduates the opportunity to network with recent graduates and learn from their professional experiences. Participants engage in group events as well as casual, individual meetings with their mentors. The program is small and selective to maximize the level of interaction between alumni and undergraduate students. During the summer, the Alumni Mentor Program connects undergraduates with internships in New York City with mentors in that area.
Numerous professional student organizations within the McDonough School of Business offer students the chance to network with peers and faculty, take on leadership roles, add depth to their studies, and prepare for careers in business.
The Academic Council for the McDonough School of Business represents the undergraduate student body to the administration and faculty. One elected representative of the Council is a voting member of the Schools Executive Council.
The Academic Councils objectives include 1) providing input on co-curricular activities within the School; 2) developing professional awareness through coordination and assistance to business clubs and organizations; 3) encouraging students and faculty to cooperate in conferences, seminars, and programs designed to challenge student thought; 4) and providing course critiques, surveys, and newsletters to alumni and students.
The Georgetown Accounting Society encourages scholarship among its members, provides accounting and auditing services to the University community, provides student assistance in accounting instruction, and develops a professional attitude toward accounting. Membership in the Society is open to academically qualified students.
The Undergraduate Marketing Association provides supplemental education and business opportunities for students interested in marketing and related trends in business by hosting speakers and obtaining important contacts with professionals both in business and in government. Also, the Society cultivates job opportunities and possibilities for research through its affiliation with the American Marketing Association and the American Advertising Federation.
The Financial Management Association provides a network of contacts for students interested in finance positions or internships. The FMA brings finance professionals to Georgetown to talk about their work and to supply information about job opportunities. The FMA also provides opportunities for students to place their résumé in a résumé book to be sent to potential employers, and to do some investing as a group. Members receive subscriptions to various financial management publications, as well as other materials and benefits designed to improve future employment potential.
Hilltop Consultants is an undergraduate student organization dedicated to advancing the goals of students interested in management strategy and consulting by raising awareness of the opportunities in these fields. The club is focused on providing skills training, networking, and recruiting opportunities related to strategy and consulting.
Women in Business recognizes the desire of undergraduate women to belong to a network of current and future female business leaders. WIB invites speakers to discuss their career decisions and other aspects of their jobs and lives, and also works with the Graduate Women In Business organization, the MBNA Career Center, the Womens Center, and other student groups on campus to co-sponsor events.
The Georgetown University Student Investment Fund , organized as a partnership, provides its members with a working knowledge of the stock market through its investment and research activities. Student investors present new investment proposals and review the current portfolio at each meeting. This forum provides students with a good introduction to the stock market and the investment decision-making process. Membership is open to all students.
Undergraduate Bulletin 2012-2013 Table of Contents