Mitchell College of Business

MITCHELL COLLEGE OF BUSINESS

Dean: Carl C. Moore (251-460-6419)
Associate Dean and Director of Graduate Studies: W. Randolph Flynn
(251-460-6418)

Mitchell College of Business web site
http://www.southalabama.edu/mcob

DEPARTMENTS OF INSTRUCTION

	Department of Accounting
	Department of Economics and Finance
	Department of Management
	Department of Marketing and Transportation

The Mitchell College of Business offers the degrees of Bachelor of Science, Master of Accounting and Master of Business Administration.

The foundation of the College is quality instruction in all undergraduate and graduate programs. Our instructional mission is to prepare our graduate and undergraduate students for professional careers in the fields of accounting, economics, finance, management, marketing, and transportation through a curriculum designed for both broad exposure to each field and in-depth coverage within a specific field of choice.

MISSION, GOALS AND OBJECTIVES

The mission of the Mitchell College of Business is to contribute to the personal and professional development of our students and others, the economic development of the region, and the continuing success of the University. We accomplish this mission through high quality educational programs, faculty scholarly activities, and external services.

PRIORITIES

I. Instruction

The highest responsibility of the College is the instruction of its students and primary emphasis is placed on excellent teaching. In so doing, the College affirms its commitment to the University focus on excellence, lifelong learning and the education of the whole person. The College fulfills its instructional mission through the B.S. degree program for undergraduates and the M.B.A. and Master of Accounting programs at the graduate level.

II. Intellectual Contributions

The College encourages and supports faculty basic and applied scholarship as well as instructional development for the purposes of expanding knowledge, enhancing classroom instruction, and contributing to regional economic development. Scholarship is broadly defined to include investigative efforts that lead to the origination, the integration, or the application of knowledge pertinent to the various field of business. A program of continuing scholarship is the responsibility of each faculty member. The College is responsible for using its resources, including faculty recruiting, to encourage, support, and reward faculty scholarship.

III. Service

The College’s service mission is to engage in activities which support and contribute to the development of the University, community and region, and to provide a vehicle for the continuing development of faculty and staff through interaction with the College’s numerous constituents. This mission is accomplished through participation in the College’s external program, and through the efforts of individual faculty and staff.

BUSINESS RESOURCES CENTER

The Business Resources Center directs the professional and management development programs of the College. These include a variety of business seminars and programs for professional organizations, industrial firms, and the business community.

CENTER FOR BUSINESS AND ECONOMIC RESEARCH

The Center for Business and Economic Research (CBER) publishes a monthly newsletter showing trends in local business and visitor activities; maintains a community database; publishes faculty working papers; and undertakes applied business and economic research in cooperation with the state and local agencies.

SMALL BUSINESS DEVELOPMENT CENTER

The University of South Alabama Small Business Development Center is one of eleven Small Business Development Centers located in universities around the State. Funded jointly by the Small Business Administration and the University, the Center offers business services to business people in a six-county area of southwest Alabama. The SBDC provides free one-on-one counseling, and conducts workshops that address the problems of the business community.

CAREER SERVICES CENTER

The University Career Services Center acts as a liaison between employers and students. Business and professional firms of national significance visit the campus regularly to interview prospective graduates. The Center maintains an office in the Mitchell College of Business to assist students.

SCHOLARSHIPS

The Mitchell College of Business offers prestigious scholarships to entering freshmen students from Alabama who are majoring in the Mitchell College of Business. Contact the Office of Enrollment Services, (251)460-6494, for application procedures, deadline dates and more information about the Abraham Mitchell Business Scholarships. In addition, scholarships for eligible students in the Mitchell College of Business are made available by local and regional firms in Accounting, Management, Marketing, Real Estate, Transportation, and Data Processing. (Refer to Financial Aid section of this Bulletin for details.)

COOPERATIVE EDUCATION PROGRAM

The Cooperative Education Program is available to students in the Mitchell College of Business. This program offers qualifying students opportunities to work part-time while attending school as a full-time student or alternate full-time employment with course work on a rotating semester basis. For details write the Director, Career Services Center, 6420 Old Shell Rd., University of South Alabama, Mobile, Alabama 36688-0002.

ADMISSION TO THE MITCHELL COLLEGE OF BUSINESS

Students may transfer from other colleges in the University to the Mitchell College of Business. Degree requirements are defined by the University Bulletin in effect for the semester of entry into the College.

A student’s counseling file must be available for evaluation of courses required for a degree in Business.

TRANSFER STUDENTS

The Office of Student Services of the Mitchell College of Business evaluates for credit all courses transferred from other colleges and universities. Degree credit will be given only for those courses which meet the requirements for the degree program of the College.

Students transferring from a junior college may have a maximum of 64 semester hours accepted toward the degree program. No junior- or senior-level courses listed in the curriculum of the Mitchell College of Business will be accepted from a junior college for degree credit.

TRANSIENT COURSE CREDIT

Students enrolled in the Mitchell College of Business must receive prior approval from the Dean’s Office before taking 300 and 400 level business courses at another institution. If the course is a concentration requirement, approval of the appropriate Department Chair is also required. Transient course approval may be granted based on one of the following conditions.

1.	Students who are not residents of the area and who leave USA to return home for one or more semesters.

2.	Students who move to another area prior to completing all degree requirements but who have met the residency requirements for the Mitchell College of Business.

3.	Students who are scheduled to graduate and the course is not offered at USA during the final term.

Failure to obtain prior approval may result in loss of transfer credit for the course work. Transient Course Approval forms may be obtained in the Office of Student Services.

STUDENTS RESPONSIBILITY AND ADVISING

Each student is responsible for meeting all requirements of the degree program. Before registering for any course, students must complete any prerequisites listed in course descriptions in this Bulletin. The Office of Student Services is available to all students for the evaluation of their degree-program record. When an exception is made in a student’s program, written approval of the exception by the Associate Dean must be placed in the student’s file. Failure to properly document exceptions may delay graduation.

Each student enrolled in the Mitchell College of Business must complete or be in the process of completing the following Basic Business Techniques Core before enrolling in any course of the 300 or 400 series.

ACC 211, 212	CIS 250	CA 110
BUS 245, 255	MA 120
ECO 215, 216	EH 101, 102

All students enrolled in the College will list their major area as Business Administration until they have completed the Basic Business Techniques Core listed above with a 2.0 average in the area. Upon entering the 300 series each student must declare a major concentration area selected from the fields of Accounting, Economics, Finance, Management, Marketing, or General Business. After declaring a major concentration area, students will be advised by a faculty advisor from that area.

Students attending other colleges, including junior colleges, who are planning to enter the Mitchell College of Business must take at least fifty percent of the required business credit hours and at least fifty percent of all concentration hours at the University of South Alabama.

REQUIREMENTS FOR SECOND MAJOR IN BUSINESS

Undergraduate students enrolled in the Mitchell College of Business who plan to add a second major to their curriculum must meet all requirements for the second major. Courses included in the business core requirements and the first major cannot be counted toward the second major requirements. A minimum of 15 semester hours in the second major must be taken in addition to degree requirements.

DUAL MAJOR ACROSS COLLEGES

Students not enrolled in the Mitchell College of Business and interested in a dual major in business must meet with an adviser in the Office of Student Services for information.

GENERAL BUSINESS MINOR

Students in other colleges may elect, with the approval of their department chair, a minor in the Mitchell College of Business. Students are required to take the following seven courses:

ACC 211	BUS 245 or ST 210
ACC 212	MGT 300
ECO 215	MGT 310
FIN 315 or FIN 305	MKT 320

REQUIREMENTS FOR A MINOR IN ECONOMICS FOR STUDENTS ENROLLED IN THE College of Arts and SCIENCES OR THE SCHOOL OF COMPUTER AND INFORMATION SCIENCES

The courses designated for the minor will meet the needs of students who desire a knowledge of economics to support major study in another field.

A minimum of 21 semester hours in Economics including:

ECO 215	ECO 216
ECO 315	ECO 316

Plus nine semester hours of other upper-level courses numbered 301 or above.

REQUIREMENTS FOR THE BACHELOR OF SCIENCE DEGREE

All students enrolled in the Mitchell College of Business are required to take specified Business courses and courses in other Colleges of the University. Additionally, a major field of study must be selected in either Accounting, Economics, Finance, Management, or Marketing and Transportation. Students who attend evening classes only may select a concentration in either General Business or Accounting. Other concentration areas are not available in the evening. The concentration in General Business is available only to evening students.

A minimum of 128 semester hours with an overall grade-point average of 2.0 is required for graduation. In addition, an overall 2.0 grade-point average is required for all courses counted in the business core and a 2.0 grade-point average is required for all courses counted in the concentration.

Students transferring to the University of South Alabama and enrolling in the Mitchell College of Business must take at least fifty percent of all business credit hours and at least fifty percent of all concentration hours at the University of South Alabama.

All students must petition for graduation according to University requirements explained elsewhere in this Bulletin.

Requirements for a degree in the Mitchell College of Business are detailed below. The sequence, as outlined, is intended as an example schedule only. Freshman and sophomore students may take lower division courses in any combination which meets prerequisite requirements. Each student must comply with Course Prerequisite Requirements as listed in the course description sections of the current University Bulletin.

BUSINESS UNDERGRADUATE CURRICULUM

I. General Education Requirements

EH 101, 102 English Composition I & II	6
MA 112 Precalculus Algebra	3
Humanities and Fine Arts
Literature (EH 215-216, 225-226, or 235-236)	6
Fine Arts	3
CA 110 Public Speaking	3
Social Sciences
History (HY 101, 102, 135 or 136)	3
ECO 215 Prin of Microeconomics	3
ECO 216 Prin of Macroeconomics	3
PSY 120 General Psychology	3
Natural Science with lab	8
(Select from BLY 101 or 121, BLY 102 or 122, CH 101, 103, 131, 132, 141, GEO 101, 102, GY 111, 112, PH 101, 104, PH 114 or 201, PH 115 or 202)
Non-Business Elective	9
Total	50 hours

II. Lower Division Requirements Related to Business

ACC 211	3
ACC 212	3
BUS 245	3
BUS 255	3
CIS 250	3
MA 120	3
Total	18 Hours

III. Business Core

BUS 305	3
FIN 315	3
MGT 300	3
MGT 310	3
MGT 305	3
MKT 320	3
MGT 325	3
MGT 485	3
International Core	6

Select two courses from the following:

	ECO 330	FIN 332
	MGT 334	MKT 336

Note: Any course counted for the international core may not be counted in the major.

Total

30 hours

IV. Business Major

Required and Electives

24 hours

V. Business Electives

Upper Division Electives	6 hours
Total MCOB Curriculum	128 hours

GENERAL BUSINESS

(For Evening Program Students Only)

The concentration in general business is designed for students planning careers in small business management, institutional management, human resource management, or sales. Areas of concentration are pursued in the junior and senior years.

Choose eight courses from the following:

ACC 331	ECO 315	ECO 316	ECO 340
FIN 300	FIN 343	FIN 345	FIN 346
FIN 350	FIN 420	FIN 421	MGT 311
MGT 351	MGT 455	MGT 456	MKT 375
MKT 377	MKT 379

REPEAT COURSE POLICY

If a course in the Mitchell College of Business is completed with a grade of C or better, the course cannot be repeated for credit. Any grade received will not be counted in the calculation of the Grade Point Average (GPA).

THE MASTER OF BUSINESS ADMINISTRATION DEGREE PROGRAM (MBA)

The Master of Business Administration degree program is designed to enable individuals to study advanced concepts of business, industry, and government operations. This program is intended for both the active manager or technical supervisor as well as the recent graduate who is interested in advanced study in the field of business. The program includes accounting, finance, quantitative methods, marketing, economics, human behavior, and labor-management relations.

The program requires a minimum of ten (10) courses, each carrying three (3) semester hours credit. The normal load is two courses per semester. Students are expected to make appropriate arrangements with their employers to meet classes on time, avoid absences due to out-of-town travel, and provide sufficient time to complete library and other assignments as required.

The graduate program offered in Business Administration is fully accredited by the Association for the Advancement of Collegiate Schools of Business.

THE MASTER OF ACCOUNTING DEGREE PROGRAM (MAcc)

ADMISSION REQUIREMENTS FOR MBA AND MAcc

Students are admitted each semester. The Regular Admission requirements are:

1.	a bachelor’s degree,

2.	a minimal grade-point average of 3.0 on all undergraduate work (A=4.0), and

3.	a satisfactory score on the GMAT (Graduate Management Admissions Test) based on the formula: 200 x GPA + GMAT = 1050

A student who has a bachelor’s degree with less than 3.0 but greater than a 2.5 (A=4.0) or a minimum grade-point average of 2.75 on the last 64 semester hours of college work may attain Provisional Admission provided the student has a satisfactory GMAT score based on one of the following formulas:

200 x GPA + GMAT = 1050 or

200 x UDGPA (last 64 hours) + GMAT = 1100

In addition all applicants must achieve a GMAT Analytical Writing score of 3.0 or higher.

The GMAT must have been taken in the last five years.

International students must submit documentary evidence showing TOEFL test scores of 525 or above or its equivalent.

The non-degree category is reserved exclusively for students with an MBA Degree Students in this category must obtain permission of the Director of Graduate Studies before registering for any graduate courses in the Mitchell College of Business.

REQUIREMENTS FOR REGULAR STANDING

A Provisional Admission student will qualify for Regular Standing upon completion of a minimum of nine semester hours taken for graduate credit (500 level) toward degree requirements provided at least a “B” average is maintained in all such work attempted.

In addition, at least a “B” average is required for all work taken as a graduate student, including undergraduate and graduate level foundation courses. If the student has not met these requirements upon completing twelve semester hours of graduate credit (500 level) for degree requirements, the student will be dismissed from the MBA program.

ACADEMIC REGULATIONS

The following regulations apply to all graduate students and encompass all work taken as a graduate student including all graduate degree courses (core, elective, concentration, business and accounting).

1.	Students must earn a “B” average overall. In addition a “B” average must be earned in the graduate degree courses.
2.	Students who receive six (6) semester hours of “F” will be academically dismissed.
3.	Students who receive any combination of nine (9) semester hours of grades of “C” or less will be academically dismissed.

Courses taken outside the Mitchell College of Business which are not an approved part of the degree program will not be included in the computation of the grade-point average.

No more than one (1) course (three (3) semester hours) from academic programs outside the Mitchell College of Business may be counted in the degree program. All such courses must be approved by the Director of Graduate Studies.

TRANSFER CREDIT

A maximum of nine (9) semester hours of graduate credit earned in another institution may be considered for credit toward degree requirements in the graduate program. Transfer credit is approved only after completion of a minimum of nine (9) semester hours of graduate credit (500 level) toward degree requirements at the University of South Alabama and the student has qualified for Regular Standing. Only grades of “A” or “B” may be accepted as transfer credit. Transfer credits are not used in the calculation for the grade-point average. Students transferring from other University of South Alabama graduate programs must complete a minimum of nine courses (27 semester hours) after formal admission into the Mitchell College of Business graduate programs.

FAILURE OF A COURSE

Should a student fail more than one course, he or she will be dismissed. In no case will a student be permitted to repeat a course more than one time.

TIME LIMITATION

All requirements for a graduate degree must be completed within five (5) calendar years form the date of matriculation as a graduate student.

GRADUATE ASSISTANTSHIPS

Graduate Assistantships are awarded on an annual basis and are granted for the academic year. The stipend for the two semesters is $4,000 and waiver of up to nine hours tuition. Out-of-state fees, if applicable, are also waived. Fees are paid by the student.

Application forms can be secured from the Director of Graduate Studies, Mitchell College of Business.

REQUIREMENT FOR DEGREES

MBA students must satisfactorily complete Ten (10) three semester-hour graduate courses, including nine (9) Core courses and one (1) Elective course. Students seeking the Master of Accounting degree must complete ten (10) business courses including not less than five (5) advanced level accounting courses.

A maximum of one-course (3 semester hours) from programs outside the Mitchell College of Business may be used to satisfy the MBA Degree requirements. The course must be approved by the Director of Graduate Studies.

MASTER OF BUSINESS ADMINISTRATION CURRICULUM

Undergraduate Foundation Courses

All courses must be taken as an undergraduate student or transferred into the university before admission will be granted to the MBA program. Courses must have been passed with a minimum grade of "C" to complete a prerequisite requirement.

	ACC ECO MGT CIS FIN MGT MGT MGT MKT	497 497 497 250 315 300 310 325 320	(or ACC 211 and ACC 212) (or ECO 215 and ECO 216) (or BUS 245 and BUS 255)

Core Courses (27 hours)
	ACC ECO FIN MGT ISC MGT MKT MKT MGT MGT	520 518 501 502 545 540 520 524 515 599	(prerequisite - all core courses completed) MBA Comprehensive Exam (corequisite with MGT 515. No hours)

Elective Courses (3 Hours) One (1) course must be selected from the following set of elective courses.
			Prerequisites
	ECO ECO FIN FIN MGT MGT MKT	520 532 520 532 520 525 525	FIN FIN MGT MKT	501 501 502 524

THE MASTER OF ACCOUNTING DEGREE PROGRAM

Students may earn a Master of Accounting degree in the Mitchell College of Business. The admissions requirements, academic regulations, and general degree requirements are the same as those required for the MBA Degree In addition, students earning the MAcc Degree must earn a “B” average in all accounting courses.

Students seeking the Master of Accounting degree are required to complete any of the following foundation courses as designated by the Director of Graduate Studies. In addition, students must complete a minimum of four (4) graduate business courses and four (4) graduate accounting courses and two (2) elective courses.

Undergraduate Foundation Courses
All courses must be taken as an undergraduate student or transferred into the university before admission will be granted to the MAcc program. Courses must have been passed with a minimum grade of "C" to complete a prerequisite requirement.
				Prerequisites
	ACC ECO MGT CIS ACC ACC ACC ACC ACC ACC FIN MGT MGT MKT	497 497 497 250 331 341 371 372 381 451 315 300 310 320	(or ACC 211 and ACC 212) (or ECO 215 and ECO 216) (or BUS 245 and BUS 255)	ACC 497 ACC 497 ACC 497 ACC 371 ACC 497 ACC 372 ACC 497 ACC 497, ECO 497

MAcc CORE (24 Hours Required)
	ECO FIN MGT MGT ACC ACC ACC ACC	518 501 540 515 511 521 531 541	(prerequisite - all core courses completed) MBA Comprehensive Exam (corequisite with MGT 515. No hours)

Elective Courses (6 Hours)
Select two elective courses from:
	ACC ACC ACC ACC ACC ACC ACC ACC ACC	416 432 434 452 461 490 571 590 594

Note: ACC 452 and 461 are required for CPA eligibility.

CPA Eligibility

Persons seeking qualification to sit for the uniform CPA examination in the state of Alabama must have completed a minimum of 150 semester hours or 225 quarter hours of postsecondary education, including (1) a baccalaureate degree from an accredited university, and (2) evidence that he or she has satisfied either one of the following:

At least 33 semester hours or equivalent quarter hours (excluding principles of accounting courses) at the upper division undergraduate and/or graduate level, including minimum requirements in each of the following areas: financial accounting - 9 hours; auditing - 6 hours; taxation - 6 hours; management accounting - 3 hours; governmental and not-for-profit accounting - 3 hours; additional accounting - 6 hours and at least 30 semester hours or equivalent quarter hours in business courses (other than accounting courses) at the undergraduate and/or graduate level, including at least 3 semester hours in business law, concentrating primarily on the Uniform Commercial Code.

Awarded a graduate degree in accounting or business and completed a course of instruction that includes all of the requirements specified in (a) above.

If you need any further information, see the Chair of the Department of Accounting.

DESCRIPTIONS OF ALL BUSINESS (BUS) COURSES