Graduate Courses

The Benedict College Master of Business Administration Programs of Study

MBA Core Curriculum Requirements (Minimum of 24 credit hours)

ACCT 5103 Managerial Accounting                                                                         (3) Credits

This course emphasizes the use of accounting information in making managerial decisions related to planning and controlling operations. Topics covered include budgeting, cost systems, analysis of financial data, and other planning and control tools.

BADM 5123 Quantitative Methods                                                                           (3) Credits

The course introduces the students to statistical analysis, including measures of central tendency and variability, presenting and analyzing data, probability theory, discrete and continuous distribution, normal distribution, estimation of parameters, chi-square, regression, and correlation analysis, with the application of these techniques to business situations.  It also examines the role of statistical analysis in business by exploring advanced statistical methods.  Students learn to use regression analysis and linear programming to make business decisions.

BADM 5143 Business Analytics                                                                              (3) Credit

This course introduces mathematical models that can be used to improve decision-making within an organization. Topics will include introductions to descriptive statistics, inferential statistics, optimization, simulation, regression analysis, time series analysis, and tools such as Microsoft Excel, Visual Basic for Applications (VBA) and R for problem solving and decision support in all areas of business, including supply chain networks, operations, finance, economics, and marketing. Students will make extensive use of Excel and several spreadsheet-based add-ins to solve real business problems, improve business processes, and help make important business decisions.

ECON 5143 Managerial Economic Analysis                                                             (3) Credits

Analysis of business decisions, applying tools of economic theory: i.e., decisions on demand, production, cost, pricing, profits, and investments.

FINC 5033 Advanced Corporate Finance                                                                  (3) Credit

This course is designed to provide an opportunity to apply the tools and concepts of modern financial theory to corporate financial decisions. Attention is devoted to understanding how corporate financial analysis is an important aspect of strategic decision making and the advantage/limitations of different financial theories with respect to their practical application

MGMT 5223 International Business                                                                          (3) Credits

In this course, students learn the theories of international trade, cultural, legal, political, economic and religious differences affecting international marketing, and management challenges in an international environment.

MGMT 5323 Project Management and Operations                                                   (3) Credits

The first half of the course will include systematic investigation of the concepts and issues in designing, operating, and controlling productive systems in both manufacturing and services.  The second half of the course will examine the principles and techniques for managing projects in business decision making, including project design, planning and control, network diagramming, scheduling algorithms, and resource management.  Software packages and applications for project management are studied, and project management skills are developed through case analyses and team projects.

MKTG 5313 Marketing Management                                                                        (3) Credits

This course covers analysis, planning, and control of the marketing function.  Emphasis is placed on the procedures and techniques of decision making relative to marketing problems.

Concentration
General Business Concentration

(Students must select 6 hours from the required courses and 6 hours from the electives listed below)
Required Courses
(6 credit hours)

MGMT 5333 Business Policy and Strategic Management                                        (3) Credits

Integration of principles and policies of business management from the fields of accounting, economics, marketing, finance, statistics, ethics and management in the solution of broad company problems and in the establishment of company policy. Emphasis on interaction of disciplines is efficient administration of a business. Course employs a case analysis approach

BADM 5193 MBA Capstone                                                                                     (3) Credits

Program graduates are potential business executives, entrepreneurs, and business leaders.  They must possess an array of tools, knowledge and skills in order to be effective in a business environment that is ever shifting and becoming increasingly more global.  They must be able to analyze the opportunities and challenges faced by today’s businesses and organizations.  They must have the skills to match the organizational strengths with environmental opportunities, social and technological challenges.  The primary objective of this capstone course experience is to provide students with an opportunity to engage in critical thinking, and the applications of analytical skills and knowledge in the solution of business and organizational problems. The course objective is achieved through exposing students to cases from a range of industries, organizations, and managerial settings.  Additionally, students have an opportunity to work with an actual or real-life business through the Business Development Center, in the solution of problems. Students are expected to work in teams – – using an integrative mind set and approach.  They must demonstrate the ability to operate at multiple levels, functions in different roles, and project the ability to draw upon a range of learning sources, including their MBA coursework, and work and life experiences. Prerequisites:  Completion of all other MBA core coursework, and must be in the last 6 hours of coursework before completing the MBA degree requirements.

General Business Concentration

(Select 6 hours from the following courses)

ACCT 5423 Advanced Financial Accounting                                                           (3) Credits

This course provides students with a comprehensive understanding of consolidated financial statements and how to prepare them. Attention is given to accounting principles, methods, and techniques that relate to particular types of business and nonbusiness entities, including corporations, partnerships, government units, estates and trusts, and nonprofit organizations.

ECON 5153 Economics of Business Decisions                                                         (3) Credits

Economic concepts in the decision-making process. Topics include scarcity; marginal analysis and tools of optimization; demand and supply analysis and market structure; economic efficiency; regression analysis; risk analysis and game theory and international economic issues.

ECON 5163 Macroeconomics and Business Forecasting                                          (3) Credits

Advanced studies of the interrelations of markets in national and international economies; mechanisms of monetary policy and interest rate effects, foreign exchange rates and inflation; relations between national saving, fiscal policy, the foreign debts and capital investment; short-run and long-run effects of economic policy; tax policy, government spending and economic growth; types of economic forecasts; value and limits of forecasts.

FINC 5103 Financial Management                                                                            (3) Credit

Theory and practice of corporate finance including asset management cost of capital, capital budgeting, and optimization of problems and socio-economic aspects of financial management.  Computer technology may be employed when applicable.

MKTG 5323 Marketing Research                                                                              (3) Credits

Planning, execution and evaluation of marketing research activities. Emphasis on the techniques and methodology used in the collection, analysis and interpretation of economic, demographic and sociological data for use in marketing decision making.

MKTG 5333 Promotional Strategy                                                                            (3) Credits

Opportunities and challenges for an organization through advertising, personal selling, sales promotion and publicity.  It includes analysis of the legal and ethical problems involved in this area. Case studies and a project assignment are used.

Management Concentration

(Students must select 6 hours from the required courses and 6 hours from the electives listed below)
Required Courses
(6 credit hours)

MGMT 5333 Business Policy and Strategic Management                                        (3) Credits

Integration of principles and policies of business management from the fields of accounting, economics, marketing, finance, statistics, ethics and management in the solution of broad company problems and in the establishment of company policy. Emphasis on interaction of disciplines is efficient administration of a business. Course employs a case analysis approach.

BADM 5193 MBA Capstone                                                                                     (3) Credits

Program graduates are potential business executives, entrepreneurs, and business leaders.  They must possess an array of tools, knowledge and skills in order to be effective in a business environment that is ever shifting and becoming increasingly more global.  They must be able to analyze the opportunities and challenges faced by today’s businesses and organizations.  They must have the skills to match the organizational strengths with environmental opportunities, social and technological challenges.  The primary objective of this capstone course experience is to provide students with an opportunity to engage in critical thinking, and the applications of analytical skills and knowledge in the solution of business and organizational problems. The course objective is achieved through exposing students to cases from a range of industries, organizations, and managerial settings.  Additionally, students have an opportunity to work with an actual or real-life business through the Business Development Center, in the solution of problems. Students are expected to work in teams – – using an integrative mind set and approach.  They must demonstrate the ability to operate at multiple levels, functions in different roles, and project the ability to draw upon a range of learning sources, including their MBA coursework, and work and life experiences. Prerequisites:  Completion of all other MBA core coursework, and must be in the last 6 hours of coursework before completing the MBA degree requirements.

Management Concentration

(Select 6 hours from the following courses)

MGMT 5103 Quantitative Aspects of Management                                                  (3) Credits

Introduces statistical methods needed for evaluating and choosing among policy options.  Topics include probability; decision-making under uncertainty; the organization, interpretation, and

visual display of complex data; prediction and inferences about causality; hypothesis testing; and linear and multiple regression. Develops analytical skills and the ability to apply theory to complex, real-world problems.

MGMT 5113 Advanced Business Law                                                                      (3) Credits

This course is designed to expose the student to certain legal and regulatory issues, including corporate social responsibility and business ethics.  Attention is given to special topics including

sales and lease transactions, negotiable instruments, credit rights and bankruptcy, secured transactions, contracts, antitrust/IP, corporation/partnerships, criminal and civil litigation issues, agency, and torts.

MGMT 5203 Governing Across Sectors                                                                    (3) Credits

Introduces students to the concept of cross-sector governance and provides both theoretical understanding and practical grounding in the design and management of contemporary governance systems that operate across boundaries of the government, business, nonprofit, and civic sectors.  Focuses on the roles and relationships of institutions in each of these sectors in pursuing public purposes such as emergency management, economic development, environmental protection, transportation, education, and human investment.

MGMT 5303 Evaluations of Federal Programs                                                         (3) Credits

Evaluates an array of federal government programs, and the management of these programs.  Among the programs of interest will be welfare programs, including federal block grants, food stamps, school lunch and breakfast, WIC, Medicaid, education, job training, low income home-energy assistance, and the Earned Income Tax Credit. Examines some of the social, political, and economic issues surrounding these programs.

MGMT 5503 Power and Politics in Organizations                                                    (3) Credits

Power and influence processes are pervasive and important in organizations, so leaders need to be able both to understand power and to act on that knowledge. Therefore, this course has three objectives:  (1) increasing students’ ability to diagnose and analyze power and policies; (2) increase skills in exercising power effectively; and (3) helping students come to terms with the inherent dilemmas and choices involved in developing and exercising influence.  Topics covered include: sources of power, dealing with resistance and obstacles; obtaining allies and supporters; maintaining power; preparing oneself to obtain power; diagnosing the political landscape; and the use of language and symbolism in exercising power.

MGMT 5563 Organizational Behavior and Development                                         (3) Credits

This course is designed to look at the evolutionary development of organizational theory and behavior at the micro and macro levels of analysis, and examines the relationship to economic, social, political and technological changes in society.

MGMT 5663 Sustainable Business Ventures                                                            (3) Credits

This course focuses on environmentally sustainable business ventures.  Students will explore issues associated with businesses that solve environmental challenges.  Specifically, students will analyze the opportunities and threats that impact sustainability of these businesses.

Supply Chain Management Concentration

(Students must select 12 hours from the required courses listed below)
Required Courses
(12 credit hours)

SCM 5103 Strategic Logistics Management                                                              (3) Credits

Applying and integrating logistics-related topics, including materials management, physical distribution, inventory management, warehousing, logistics network design, customer service, packaging, and materials handling.

SCM 5203 Global Supply Chain Management                                                          (3) Credits

This course is a comprehensive study of the concepts, processes, and models used in the design, development, analysis, and management of global supply chains. Specific topics include global procurement and sourcing demand forecasting, facilities location, sales and operations planning, transportation decisions, distribution planning, inventory management, and logistics systems design. This course teaches students to identify, analyze, and solve problems in global supply chain management. Software will be used extensively to model logistics and supply chain applications.

SCM 5303 Procurement                                                                                             (3) Credits

This course is the student of the cross-functional management framework that integrates all activities related to the acquisition and management of tangible and intangible resources for the organization. This includes strategic sourcing, customer-supplier relationship management, demand management and day-to-day purchasing.

SCM 5403 Supply Chain Management Capstone                                                      (3) Credits

Program graduates are potential business executives, entrepreneurs, and business leaders.  They must possess an array of tools, knowledge and skills in order to be effective in a business environment that is ever shifting and becoming increasingly more global.  They must be able to analyze the opportunities and challenges faced by today’s businesses and organizations.  They must have the skills to match the organizational strengths with environmental opportunities, social and technological challenges.  The primary objective of this capstone course experience is to provide students with practical application of course material to solve supply chain management problems. 

MBA Foundation Courses for Non-Business Majors

Candidates without an undergraduate degree in business or who lack a requisite level of business knowledge will be required to take one or more business foundation courses. 

ACCT 5003 Foundations of Accounting                                                                    (3) Credits

This course introduces students to the basic principles and concepts of recording, summarizing, and reporting financial information.  During the second half of the course, there is an emphasis on accounting issues related to partnerships, corporations, and manufacturing operations.

BADM 5013 Foundations of Business Statistics                                                       (3) Credits

This course focuses on the study of the statistical tools used to analyze business and economic problems.  Topics include descriptive statistics, the concepts of probability, discrete probability distributions, and continuous probability distributions

ECON 5013 Foundations of Economics                                                                    (3) Credits

This course introduces students to the operation of the American economic system with a concise presentation of economic theory and policy with real world applications to problems of inflation, unemployment, poverty, discrimination, and globalization.

FINC 5013 Foundations of Finance                                                                           (3) Credits

This course analyzes the activities involved in raising and administering funds used in business. The problems of planning for and financing recurring long- and short-term needs are stressed. Attention is also given to matters such as those associated with security, insurance, mergers, and financial reorganizations.

MGMT 5003 Foundations of Management                                                                (3) Credits

The principal focus of this course is to present the development of management theory chronologically, indicating the disciplines from which management theory emerged.  Attention is placed on the key sub-disciplines of management theory: organizational behavior, human resource management, and management strategy.  Essential concepts and research within these sub-disciplines are explored to provide a basis for practicing “evidence-based” management – -management driven by the knowledge generated through cutting edge theory and research.

MKTG 5303 Foundations of Marketing                                                                    (3) Credits

This course takes an integrated, analytical approach to both macro- and micro marketing problems. Primary concern is focused on micro marketing – that is, viewing one particular firm. This course fosters a broad understanding of marketing problems, which gives the student a foundation for more comprehensive references relative to marketing.

The 18 hours of MBA foundation courses shown previously may be higher if a student needs to take a course in pre-calculus.  The MBA Director and the student advisement team will work with each candidate to develop an individualized plan of study detailing all requirements.