Business Administration
Department Information

Business Administration

Faculty from all departments in the Robins School of Business provide instruction in this area.

Major

The Business Administration Major

In addition to the requirements for the B.S.B.A. degree outlined below, all business administration majors must complete a concentration. Except as otherwise noted on the concentration pages, a concentration area requires four courses minimum chosen from a single Robins School of Business department. A maximum of seven courses can be taken in any area of concentration.

Business administration majors must choose a concentration from the following areas: accounting, economics, finance, international business, marketing, or management. A concentration in accounting is always a secondary concentration to a primary concentration. Students pursuing a secondary major in Economics in the School of Arts and Sciences may not pursue a concentration in Economics in the Business school.

Candidates for a B.S.B.A. must:

Satisfy the general degree requirements for graduation

Complete the following pre-business courses:
ACCT 201 Fundamentals of Financial Accounting
ACCT 202 Fundamentals of Managerial Accounting
BUAD 202 Statistics for Business and Economics
BUAD 205 Business Communication
ECON 101 Principles of Microeconomics
ECON 102 Principles of Macroeconomics
MATH 211 Calculus I

Complete the following core courses except as noted:
BUAD 393 Business Law^
BUAD 394 Business Ethics^
BUAD 497 Strategic Management*
FIN 360 Principles of Financial Management
MGMT 325 IT and Data Analytics
MGMT 330 Organizational Behavior
MGMT 340 Operations Management
MKT 320 Principles of Marketing

*The International Business concentration requires IBUS 411 in lieu of BUAD 497.

^ BUAD 393 and 394 are required for students entering the University fall 2018 and later. Students entering prior to fall 2018 must take BUAD 392.

Maintain at least a 2.00 overall grade point average in school of business coursework

Earn 17 units outside the Robins School of Business. Included in these 17 units are the Business Administration major requirements: ECON 101, ECON 102, BUAD 202

Participate in a full semester University of Richmond approved study abroad program or complete a course with an international business or international business economics focus. This international focus course also may satisfy a concentration or major requirement.

All students declaring a major or minor in the Robins School of Business must first pass an online Excel competency exam. Students will have three attempts to demonstrate competency with a grade of 80% or higher. This is not for a grade or academic credit.
Minor

The Business Administration Minor

10 units, including:

MATH 211 Calculus I
ACCT 201 Fundamentals of Financial Accounting
ACCT 202 Fundamentals of Managerial Accounting
BUAD 202 Statistics for Business and Economics
ECON 101 Microeconomics
ECON 102 Macroeconomics
FIN 360 Principles of Financial Management
MGMT 330 Organizational Behavior
MGMT 340 Operations Management
MKT 320 Principles of Marketing

The business minor student must complete MATH 211, ACCT 201, and ECON 101 courses prior to declaring, and ACCT 201, ECON 101, ECON 102, and BUAD 202 requirements prior to enrolling in any other core business administration course.

All students declaring a major or minor in the Robins School of Business must first pass an online Excel competency exam. Students will have three attempts to demonstrate competency with a grade of 80% or higher. This is not for a grade or academic credit.

Courses
BUAD 101 Introduction to Business
Units: 1
Description
Multidisciplinary course that exposes student to functional areas of business. Focus on acquiring understanding of language and structure of business through study of its functional components: accounting, economics, finance management, and marketing. (Open to first- and second-year students only.)
BUAD 202 Statistics for Business and Economics
Units: 1
Description
Theory, methodology, and applications of statistics to contemporary business and economics problems. Includes descriptive statistics, probability theory, probability distributions, one- and two-population statistical inference, analysis of variance, correlation, and regression.
BUAD 203 Software Tools and Applications
Units: .5
Description
Laboratory course providing introduction to software packages with applications for business decision making. Emphasis on understanding spreadsheet applications, but includes sessions on word processing and graphics software and database searches.
BUAD 205 Business Communication
Units: .5
Description
Provides the student with a basic understanding of communication processes in the business environment. Practical experience is gained in written and oral communication as well as small group and interpersonal communication within the business perspective.
BUAD 310 Financial Statement Analysis
Units: 1
Description
Instruction in analyzing financial statements to evaluate an organization's profitability, liquidity, capital structure, and cash flows. Examination of how management's discretionary accounting choices affect earnings quality.
Prerequisites
ACCT 202, FIN 360 and Business School major.
BUAD 369 Special Topics
Units: .5-1
Description
Topics depend on mutual interests of instructor and students. Intended primarily as elective for business students.
Prerequisites
Varies by topic and instructor.
BUAD 388 Internships
Units: 0.25
Description
Applied field experience for a minimum of 50 work hours. Following the field experience, a short paper is required that describes the organization's history, size, number of locations, ownership, products and services, major competitors, and major customers. Graded pass/fail. May be taken no more than once per academic year and may not be repeated more than twice without permission of the Dean. (Internship requirements do not apply to the summer internship program administered by the Office of International Education).
Prerequisites
Departmental approval.
BUAD 389 Directed Independent Study
Units: .5-1
Description
Specialized study or directed research in area of business or economics.
Prerequisites
Permission of instructor.
BUAD 392 Ethical, Social and Legal Responsibilities of Business
Units: 1
Description
Ethical and legal issues in business world are discussed and analyzed from a philosophical, historical, legal, and behavioral approach. Current ethical and legal cases serve to highlight changing value choices and resulting consequences, as well as legal problems experienced by business people.
Prerequisites
Accounting 201, Business Administration 202, Economics 101-102. Business School major.
BUAD 393 Business Law
Units: .5
Description
Introduces the U.S. legal system and the regulatory environment of business. Topics will include commercial law, employment law, product liability, digital law, corporate governance, environmental law, and property law.
Prerequisites
ACCT 201, BUAD 202, ECON 101, ECON 102, Business School major.
BUAD 394 Business Ethics
Units: .5
Description
Identify ethical issues encountered in business settings and examine specific moral questions that arise vis-à-vis a firm's relation to society and to its employees. Current cases to illustrate the practical importance of reflection on these questions, and enable explicit identification, critical evaluattion, and application to various frameworks for attributing moral responsibility and making ethical decisions. Cases may be drawn from marketing (manipulation of desire in the market, deceptive advertising), management (sweatshops, discrimination in hiring, privacy), finance (insider trading, corruption), accounting (conflicts of interest, fraud), or economics (asymmetric information, moral hazard).
Prerequisites
Accounting 201, Business Administration 202, Economics 101-102. Business School major or pre-business major.
BUAD 396 Advanced Business Law
Units: 1
Description
Principles of law relating to Uniform Commercial Code; emphasis on sales, commercial paper, secured transfers, banking laws, bailments, and documents of title. Other areas covered include real and personal property laws, insurance law, and trusts and estates.
Prerequisites
Accounting 201, Business Administration 202, Economics 101-102. Business School major.
BUAD 497 Strategic Management
Units: 1
Description
Analysis of the external environment and internal resources of a firm leading to the development of strategies and plans for implementing them. The course also provides opportunities for students to integrate knowledge from each of the functional business disciplines through case studies and other learning tools.
Prerequisites
Business Administration 202, Finance 360, Marketing 320, Management 330 and 340. Business School major. Senior standing.