College of Business

214 David Kinley Hall
1407 West Gregory Drive
Urbana, IL 61801
(217) 333-2740

The purpose of the College of Business is to provide an educational experience that will help students develop their potential for leadership and service in business, government, teaching, and research. The undergraduate curricula provide a study of the basic aspects of business and preparation for careers in fields such as accounting, business management, banking, insurance, and marketing.

The curricula, leading to the bachelor of science degrees in the various degree programs in business, are based on 124 hours of college work. Students are required to elect courses in other colleges of the University, including mathematics, rhetoric, humanities and the arts, speech, and natural and behavioral sciences, and to secure as liberal an education as possible to avoid the narrowing effects of overspecialization. No new freshmen are being accepted for FA 05 in LAS FIN.

The College of Business offers graduate and professional programs in business areas. Detailed information on graduate programs may be obtained from the Graduate College or visit our web site.

Departments and Curricula

Undergraduate instruction in the College of Business is organized under the Departments of Accountancy, Business Administration, and Finance. Each of these departments offers courses that provide one or more curricula that a student may elect. These curricula lead to bachelor of science degrees in the various fields of study in the college and are designed to encourage each student to fully realize his or her intellectual promise. There can be changes to curricular requirements and new course offerings. For the most current information, visit our advisors in 214 David Kinley Hall and our website.

Requirements

Admission

Applicants must meet general University requirements as well as those specified by the College of Business.

Students transferring from other colleges must have achieved junior standing and met the requirements specified by the college. See our web site and the UIUC Office of Admissions and Records for further information.

Mathematics Placement Test

Students' math ACT scores or the equivalent math SAT scores are used to place the students in the appropriate math course.. The results of the test are used to place students in MATH 012 or to exempt them from college algebra and allow them to enroll in the first course of one of the mathematics sequences required for graduation (see below).

Graduation

Students in the College of Business who meet the University's requirements with reference to registration, residence, and fees and who maintain satisfactory scholastic records in the college are awarded degrees appropriate to their curricula.

Each candidate for a degree must have a 2.0 (A = 4.0) grade point average or above for all courses counted toward graduation, a 2.0 grade point average or above for all courses taken at this University, a 2.0 grade point average or above for all courses taken in the major or field of concentration, and a 2.0 grade point average or above for courses taken in the major or field of concentration at this University.

Each student may select only one major or field of concentration.

Students are responsible for meeting the requirements for graduation. Therefore, students should familiarize themselves with the requirements listed in this catalog and other information in the Office of Undergraduate Affairs, 214 David Kinley Hall, and should refer to them each time they plan their programs. The College of Business requires that undergraduate degrees be completed in nine semesters or less. If you need assistance with course planning, consult the Office of Undergraduate Affairs.

Mathematics Requirement

Any one of the sequences described below meets the College of Business requirement. A new student need only select which mathematics sequence to enter. Decisions on how far to go in a sequence can be made later as the student gains experience and firms up career objectives.

The most appropriate mathematics sequence depends on the student's background, interest, motivation, and objectives. Background can be evaluated in terms of mathematics courses already completed and the student's score on the mathematics ACT Test. Interest, motivation, and objectives must be determined by the student. The three sequences open to the student are:

• MATH 220 and 230 Calculus I and II. This sequence is appropriate for those students with a good background in mathematics but who have not had analytic geometry. Students who believe they may want to take upper-level courses in mathematics should take this sequence.
• MATH 125 Elementary Linear Algebra and 234 Calculus for Business. This sequence provides a good background in linear algebra and calculus. It is difficult to take upper-level courses in mathematics after this sequence.
• MATH 220 Calculus I and 125 Elementary Linear Algebra. This is an alternative to the previous sequence. It is particularly suitable for those with AP credit in calculus who do not plan to take upper-level mathematics courses.

Residency

Students must spend either the first three years, earning not fewer than 90 semester hours, or the last year (two semesters, or the equivalent), earning not fewer than 30 semester hours of University of Illinois Urbana-Champaign course credit uninterrupted by any work at another institution.

All business students must, after attaining junior standing, earn at the University of Illinois or another approved four-year institution at least 60 semester hours acceptable toward their degree.

Special Programs

Honors At Graduation

Honors, designated on diplomas, are awarded to superior students as follows: for graduation with honors, a minimum grade point average of 3.5 (A = 4.0) in all courses accepted toward the student's degree; for graduation with high honors, a minimum grade point average of 3.75 in all courses accepted toward the degree; and for graduation with highest honors, a minimum grade point average of 3.90 in all courses accepted toward the degree. To qualify for graduation honors, transfer students' University of Illinois at Urbana-Champaign and total cumulative grade point averages both must qualify.

Curricula

Core Curriculum

Normally, students must register for not fewer than 12 hours or more than 18 hours in each semester. Students should take mathematics, economics, and accountancy courses in the semesters indicated in the sample schedule of courses. The computer science course must be taken during the first year. A required course that is failed must be repeated the next semester.

It is recommended that students have their program for the semester reviewed by an adviser in the college office.

Up to 4 hours of credit in basic physical education may be counted in the 124 hours necessary for graduation. Physical education grades are counted in the graduation grade point average. Only 200 level and above ROTC courses may be counted toward the total degree hours.

Any course used to fill a specific degree requirement may not be taken on the credit-no credit grade option. Only free electives may be taken on the credit-no credit option. It is recommended that all courses taken in the business area be taken for a grade.

*At least one of the courses in the humanities and the arts area must be a 200 or higher level course.

**It is strongly recommended that one course be taken in each area.

1. For a list of the specific courses that meet this requirement, see the college Office of Undergraduate Affairs in 214 David Kinley Hall or see advising for a list of approved general education courses.

2. This course includes limited voluntary participation as a subject in experiments.

3. MATH 220 and 230, or MATH 220 and 125 may be substituted for MATH 125 and 234. (See college mathematics requirement above.)

Sample Schedule

First year

Second year

Third year

Fourth year