Business Administration Actuarial Science (CBA)
Actuarial Science (CBA)
COLLEGE: Business Administration
MAJOR: Actuarial Science (CBA)
DEGREE OFFERED: Bachelor of Science in Business Administration
HOURS REQUIRED: 120 hours for degree (28 hours for the major)
MINIMUM CUMULATIVE GPA: 2.5 for graduation
MINOR AVAILABLE: Yes
CHIEF ADVISER: Susan Vagts
Interim Director and Associate Professor of Practice: Vagts
Associate Professor: Mashayekhi
Assistant Professor: Shi
An actuary is a mathematically-oriented business person who will most likely be a manager or supervisor at some point in his/her career. Thus, a course of study culminating in a bachelor of science degree in business administration with a major in actuarial science is an excellent educational background for prospective actuaries. Additional information is available at www.BeAnActuary.org.
The actuarial science program is designed to prepare students for the current industry demands. Because the demands change on a regular basis, often times, the number of hours, the sequencing of courses, and the specific requirements change for this major. Students should continue to consult with the department for the appropriate selection and listing of course requirements.
The actuarial science program is proud to have been named one of the first Centers of Actuarial Excellence by the Society of Actuaries.
All actuarial science students are encouraged to visit the actuarial science program’s website (http://cba.unl.edu/academics/actuarial/) and an actuarial science program faculty adviser for more information about the program, including the Actuarial Science Club, sequencing of courses, scholarship opportunities, and the requirements for achieving professional actuarial designations.
In addition, because of the mathematical orientation for this program, actuarial science majors are required to make some modifications to the degree program requirements. These requirements (with a reminder that all required course work must be taken for a grade) are noted below.
Admission requirements for all majors in the College are the same as those for University Admission as noted under UNL General Admission Requirements.
- In addition to the College Degree Requirements, students will complete 28 hours of course work for the major.
- As noted in the College Degree Requirements section, all course work for the major must be taken for a grade. Actuarial science majors must take MATH 106, MATH 107, and MATH 208, as well as CSCE 101 & CSCE 101L.
- These hours have been built into the College Degree Requirements as part of the Non-Business Requirements (NBR).
- ACTS 399/499 may not count toward the major or minor in actuarial science.
- Other College Degree Requirement changes for actuarial science majors includes:
- ACTS majors must take STAT 380 in place of ECON 215 for the Business Core Foundation (BCF) requirements.
- ACTS majors will also take STAT 462 & STAT 463 Introduction to Mathematical Statistics I & II for the Business Core Foundation (BCF) requirements.
- ACTS majors will take FINA 461 Advanced Finance in place of FINA 361 for the Business Core Intermediate (BCI) requirements; the prerequisite of FINA 361 (for FINA 363 and FINA 461) is satisfied with completion of ACTS 440.
- 12 hours of 300/400-level elective course work is NOT required for actuarial science majors.
- As part of the college elective requirements, all students complete ONE business elective course for the program. ACTS majors are WAIVED from this specific requirement; however, all ACTS majors must take an IBCR course and thus, this can be done to meet the business elective requirement. The department suggests ECON 321 or MNGT 414 as part of NBR 6–ACE 9 which then double counts for both the NBR 6 and IBCR requirement. An alternative option is to take FINA 450 International Financial Management to meet the IBCR (FINA 450 can double count towards a finance major or finance minor).
Specific Major Requirements
Business Core Advanced–Major (BCA-M)
Requirements for students interested in pursuing the bachelor of science degree with a major in actuarial science will complete 28 hours of actuarial science course work for the Business Core Advanced-Major (BCA-M):
ACTS 430 Actuarial Applications of Applied Statistics
ACTS 440 Interest Theory
ACTS 470 Life Contingencies I
ACTS 471 Life Contingencies II
ACTS 473 Introduction to Risk Theory
ACTS 475 Actuarial Applications in Practice
FINA 363 Investment Principles
Choose one of the following:
ACTS 410 Intro to Credibility, Smoothing of Data & Simulation
ACTS 425 Survival Models
ACTS 450 Stochastic Processes for Actuaries
ACTS 474 Introduction to Property/Casualty Actuarial Science
FINA 467 Options, Futures & Derivative Securities
In addition to the 28 hours for the major, ACTS majors are also encouraged to take:
- ACTS 441 Introduction to Financial Economics, ACTS 474 Introduction to Property/Casualty Actuarial Science
- Actuarial science problem labs as appropriate
- MATH 314 Linear Algebra, MATH 221 Differential Equations
- At least one of FINA 412, FINA 420, FINA 438, or ECON 413
While not required, actuarial science majors may double major in finance. The finance department allows double counting of courses for students choosing to obtain a double major in actuarial science and finance.
Actuarial Science and Finance Double Majors
1. Take the Core Finance Requirements.
2. Choose ONE of the four options available. Students may select only ONE option to complete.
i. Also, consider choosing FINA 450 as one of the 400-level options to meet the requirement for the major as well as a requirement for the IBCR.
b. For all other options within the finance major, the required and elective finance courses are the same as those of a student obtaining just the finance major.
Actuarial students may double count their finance courses towards a finance minor. They will follow the regular minor found in the finance section of the Bulletin. The courses used might include:
ADDITIONAL MAJOR REQUIREMENTS
C- and D Grades
Same as College grade rules.
Pass/No Pass Limits
Same as College Pass/No Pass limits.
Same as College GPA requirements.
REQUIREMENTS FOR MINOR OFFERED BY DEPARTMENT
Actuarial Science Minor
To fulfill the requirements for an actuarial science minor, students must complete:
- Twelve (12) graded hours of actuarial science course work; ACTS 440, ACTS 441, ACTS 470, and ACTS 474 are suggested.
- No "Pass/No Pass"
- ACTS 399 may not be used toward the minor (or major).
- The college requires that 75% of the minor be earned on campus.
Actuarial Science Major
All course work for the major must be taken for a grade (no Pass/No Pass).
Substitutions When Changing Majors
If ACTS students change to a different major in the College of Business Administration, the following substitutions may be made.
The entrance requirements for the College of Business Administration are the same as the UNL General Admission Requirements.
Admission Deficiencies/Removal of Deficiencies
- Students admitted to the College of Business Administration with core course deficiencies will be advised to remove these deficiencies according to the Office of Admissions’ Removal of Core Course Admission Deficiency guidelines.
- College-level course work taken to remove deficiencies MAY NOT be used to meet degree requirements in CBA.
College Degree Requirements
Professional Enhancement Program (PrEP) (4 hours)
Designed to develop professional,confident and polished students for lifelongcareer success, the PrEP program consists of four required one hour courses. These courses are labeled BSAD 111, BSAD 222, BSAD 333, BSAD 444 and are offered across the four year curriculum. Raikes students complete this requirement as a part of their other courses.
College General Education Requirements
The curriculum requirements for the College consist of course work in three areas.
All course work (except electives and where otherwise noted) must be taken for a grade.
The three areas include the following:
Non-Business Requirements (NBR)
– which consist primarily of College and University ACE (Achievement-Centered Education) course work
– Foundation (BCF), which also includes ACE 6 & 8
– Intermediate (BCI)
– Advanced-Major (BCA-M)
– Advanced-Capstone (BCA-C), (ACE 10)
Non-Business Requirements (NBR)
(Most of the ACE requirements)
- Eight Courses (normally 24-26 hours)
- All students in the College of Business Administration will take the following non-business courses (unless otherwise noted).
- While NBR 1, 2, 7 and 8 identify specific ACE options to choose from or identify an ACE course specifically required for the College, NBR 3, 4, 5, and 6 allow for students to select courses according to their personal interests (and meet ACE 4, 5, 7, and 9).
- Most students will take course work to fulfill these requirements during the freshman/sophomore year. However, if hours are still needed during the junior/senior year, there may also be options to ‘double count’ course work for NBR 3 (ACE 4) and/or NBR 6 (ACE 9) toward the major (BCA-M) or a minor. This is likely to be of most benefit to ‘transfer-in students’ due to the nature of the program and when ACE requirements are traditionally taken.
- All course work for NBR must be taken for a grade.
NBR 1: Written Communication (ACE 1)
Choose ONE of the following:
ENGL 101 Writing: Rhetoric & Reading
ENGL 150 Writing: Rhetoric as Inquiry
ENGL 151 Writing: Rhetoric as Argument
Students should refer to the course descriptions to select the one course best suited to individual interests. While several communication courses can be selected to fulfill the university ACE 1 outcome, one of the above is a specific requirement for the College of Business Administration and will fulfill both requirements with one course.
NBR 2: Mathematical, Computational, Statistical or Formal Reasoning Skills (ACE 3)
Choose ONE of the following:
MATH 104 Applied Calculus (3 cr)
MATH 106 Calculus I (5 cr)
Any advanced calculus course above the 106 level
Notes regarding the selection of course work for NBR 2 (ACE 3):
- Credit cannot be given for both MATH 104 and MATH 106. Students must determine the appropriate course early in their program.
- A first semester student’s score on the Math Placement Exam will determine eligibility for MATH 104 or 106. The student should select between these classes based on the following sets of circumstances.
- Actuarial Science majors MUST take MATH 106 (or a higher-level calculus).
- Actuarial science majors will also take MATH 107 (4 cr) and MATH 208 (4 cr) and CSCE 101 & CSCE 101L (4 cr).
- RAIKES students MUST take MATH 106 (or a higher-level calculus)
- MATH 106 (or higher calculus) is strongly encouraged for those students considering graduate school.
- While several courses can be selected to fulfill the university ACE 3 outcome, one of the above is a specific requirement for the College of Business Administration and will fulfill both requirements with one course.
Math Placement Exam (MPE)
Students admitted to the College of Business Administration are required to take a Math Placement Examination prior to enrolling in the college math requirement of MATH 104 or MATH 106 (or higher math).
- The results of this examination determine which math course students will enroll in their first semester on campus.
- Students lacking sufficient high school preparation in math may need to enroll in equivalent high school preparatory courses, as will be determined by the MPE.
- Preparatory courses should be taken as soon as possible to avoid future sequencing problems.
- Additional information about the exam can be found at www.math.unl.edu.
Whether required to enroll in preparation course work first, as indicated on the MPE (MATH 100A, MATH 101 and/or MATH 103), or in one of the required courses, it is critical to begin MATH the first semester on campus.
NBR 3: The Study of Scientific Methods and Knowledge of the Natural and Physical World (ACE 4)
Choose one course from ACE 4 Certified Courses. (Course credit will vary between 3-4 credit hours.)
- ABUS majors – NBR 3 (ACE 4) – AGRI 115, AGRO 131, ENTO 115, MSYM 109, NRES 108, PLPT 110 may be taken to fulfill the science requirement (NBR 3–ACE 4) as well as a requirement for the major (BCA-M).
NBR 4: Study of Humanities (ACE 5)
Choose one course from ACE 5 Certified Courses.
- IBUS majors – NBR 4 (ACE 5) – FREN 301, FREN 302; RUSS 301, RUSS 302, RUSS 482, RUSS 483 can be taken to fulfill NBR 4–ACE 5 as well as a requirement for a language minor.
NBR 5: Study of the Arts to Understand Their Context (ACE 7)
Choose one course from ACE 7 Certified Courses.
NBR 6: Global Awareness or Knowledge of Human Diversity Through Analysis of an Issue (ACE 9)
Choose one course from ACE 9 Certified Courses.
Students enrolling for their first semester with junior standing (or more), will see that the list of approved courses includes a few business courses. While this section is labeled “non-business requirements,” students may elect to enroll in one of the business courses to fulfill the ACE 9 requirement as long as prerequisites are completed (which are generally reserved for juniors or seniors). Work closely with your adviser to bring this to their attention and to question how this course may potentially satisfy other degree program requirements, including the major. The options include:
- ACTS majors – must complete an International Business Course as part of the degree requirements. Actuarial science majors may choose to take ECON 321 International Economics to fulfill the IBCR as well as the global awareness requirement (NBR 6–ACE 9).
- ABUS majors – AECN 346, AECN 367, AECN 420, AECN 425, AGRI 282, ENSC 110, HORT 200, may be taken to fulfill the global awareness requirement (NBR 6–ACE 9) as well as a requirement for the major.
- BSAD majors – ECON 321, MNGT 365, MNGT 414 may be taken to fulfill the global awareness requirement (NBR 6–ACE 9) as well as a requirement for the major. (ECON 321 and MNGT 414 are also IBCR course options.)
- ECON majors – ECON 321 may be taken to fulfill the global awareness requirement (NBR 6–ACE 9) as well as a requirement for the major. (ECON 321 is also an IBCR option.)
- IBUS majors – ECON 321 or MNGT 414 may be taken to fulfill the global awareness requirement (NBR 6–ACE 9) as well as a requirement for the major. (Both are also IBCR options.)
- MNGT majors – MNGT 365, MNGT 414 may be taken to fulfill the global awareness requirement (NBR 6–ACE 9) and may be able to fulfill a requirement for the major depending on the option selected. (MNGT 414 is also an IBCR option.)
- An alternative to the above options is allowance of the course to count for NBR 6–ACE 9 and the associated minor—but only one or the other (major OR minor).
In any of the above instances where a double counting is an option, only 3 hours of credit are awarded; student will still need to meet the 120 hours for graduation.
NBR 7: Business Communication (ACE 1)
JGEN 220 Business Communication Strategies
- This is a business writing course with sophomore standing with 3 hours of composition as a prerequisite. While it is also an ACE 1 course, as is ENGL, BOTH ENGL and JGEN are specific requirements for the College of Business Administration.
- RAIKES students will complete RAIK 287H and RAIK 288H instead of JGEN 220.
NBR 8: Oral Communication Skills (ACE 2)
MRKT 257 Sales Communication
COMM 286 Business & Professional Communication
- Due to the importance of this course to the business curriculum, the college recommends taking this course on campus.
- Sophomore standing is a prerequisite to enroll in this oral business speaking class; and while several other courses may be selected to fulfill the university ACE 2 requirement, COMM 286 or MRKT 257 is a specific requirement for the College of Business Administration.
- RAIKES students will complete RAIK 187H and RAIK 188H instead of COMM 286.
NOTE: In the selection of course work for any of the above NBR’s, prerequisites, when stated anywhere in this bulletin, means course work MUST BE COMPLETED to enroll in the class. Concurrent enrollment in any identified prerequisite(s) is NOT permitted unless so indicated in the course description.
Business Core – Four Sections (approximately 56-69 hours)
- Business Core Foundation (BCF) – 18 hours (1 hour not applicable toward 120 hours)
- Business Core Intermediate (BCI) – 20 hours
- Business Core Advanced–Major (BCA-M) (hours vary from 18-33 hrs)
- Business Core Advanced–Capstone (BCA-C) (3 hours + 0 hour assessment)
The foundation and intermediate courses are designed to expose students to the various business disciplines. The advanced courses are those courses identified for each of the nine majors, and the capstone course is taken the final semester of the program. All course work for the Business Core (except where noted differently), must be taken for a grade.
Business Core Foundation (BCF) – Eight Courses (18 hours)
All students in the College of Business Administration will take the following courses (unless otherwise noted).
- All course work (except 111 & 150) must be taken for a grade.
- RAIKES students will complete a different series of course work for the Business Core Foundation:
- Foundation: RAIK 181H, RAIK 182H, RAIK 282H, ACCT 202 & ECON 215
- Leadership Series: RAIK 185H, RAIK 186H, RAIK 285H, RAIK 286H
- Computer Science Foundation: RAIK 183H, RAIK 184H, RAIK 283H, RAIK 383H
BCF 1–BSAD 111 Professional Enhancement I (1 hr)
- 1-credit-hour course (offered Pass/No Pass only).
- Required of all new freshmen.
- An active exploration, examination, and pursuit of fundamental concepts and principles of leadership development and how they relate to all fields within business administration. Also covered is a broad orientation to all domains of business administration, including activities, assignments, and exercises.
- Take this course as a freshman (preferably first semester).
- BSAD 111 is waived for Chancellor’s Leadership, Raikes, and transfer students who have completed 27 hours.
BCF 2–BSAD 150 Business Computer Applications (1 hr)
- 1-credit-hour course (offered Pass/No Pass only).
- Hour not applicable toward 120 hours for degree.
- Take second semester of freshman year OR first semester of sophomore year.
- Required basic-skills computer course, use Access, Microsoft Word, PowerPoint, and Excel; students will complete group projects and group tests.
- Advanced computer applications students may wish to “test out” via the Credit by Exam option instead of taking the class. Refer to the BSAD 150 website for additional information.
- RAIKES students do not need to complete this requirement.
ACCT 201 Introductory Accounting I
- Sequential; take ACCT 201 first
- Prerequisite: Sophomore standing, 2.5 cumulative GPA; or freshman standing with completion of MATH 104 with a grade of C or better, and a 2.5 cumulative GPA earned in 14 hours of UNL credit
ACCT 202 Introductory Accounting II
- Sequential; take ACCT 202 following completion of ACCT 201
- Prerequisite: Sophomore standing; grade of C or better in ACCT 201; 2.5 cumulative GPA
- Grade of C or better in ACCT 202 is required to enroll in upper-level ACCT classes
ECON 211 Principles of Macroeconomics
- Not sequential
- Prerequisite: Completion of 12 hours of UNL course work
- RAIKES students will satisfy their ACE 8/6 requirement with RAIK 182H/BSAD 182H & RAIK 282H/BSAD 282H
ECON 212 Principles of Microeconomics
- Same as above
BCF 5–ECON 215 Statistics (ACE 3) (3 hrs)
- Prerequisites: Sophomore standing; MATH 104/MATH 104H or MATH 106/MATH 108H; BSAD 150; 2.5 GPA
- Must take ECON 215 (not STAT 218 nor EDPS 459 nor CRIM 300 nor SOCI 206)
- Actuarial science majors MUST take STAT 380 instead of STAT 215; will also take STAT 462 and STAT 463
BCF 6–BSAD 222 Professional Enhancement II (1 hr)
- 1-credit-hour course (offered Pass/No Pass only)
- Prerequisites: Majors in College of Business Administration; Sophomore standing; 2.5 GPA.
- Take this course as a sophomore.
Business Core Intermediate (BCI) – Eight Courses (20 hours)
- Prerequisites for the BCI courses include MATH (NBR2), ACCT 201, ACCT 202, ECON 211, ECON 212, ECON 215 and a 2.5 GPA
- Required of all business students regardless of major (except where noted under individual courses)
- RAIKES students will take RAIK 281H and RAIK 381H in place of FINA 361, MNGT 331/SCMS 331, and SCMS 350. They will also take RAIK 341H in place of MRKT 341.
- In addition to differences noted above, RAIKES students will also complete:
- Design Studio courses: RAIK 301H, RAIK 302H, RAIK 401H, and RAIK 402H
- Computer science electives: 6 hrs from the following: CSCE 378, CSCE 475, CSCE 476, RAIK 384H (which may be taken Pass/No Pass)
- Enrollment in BCI normally occurs during the sophomore and junior year
- All course work must be taken for a grade
- Sequence with the following recommendations/restrictions:
- Plan complete sequence of intentions to take BCI (and necessary prerequisites) to remain on schedule for graduation
- The management courses are all different; while they can be taken in the same semester, many students choose one or two for each semester.
- Enroll in courses most applicable to major as soon as possible, particularly MRKT or FINA, to stay on sequence for major.
- There are exceptions to these requirements for specific majors (ACCT, MRKT, ACTS). Please note those exceptions under the courses.
- If transferring, a maximum of 3 hours may apply with further restrictions on applicability to not exceed the 75% rule.
- See the links for each course to know the specific prerequisites and course descriptions.
BLAW 371 Legal Enironment
BCI 2 – SCMS 350/MNGT 350 Introduction to Management Information Systems or MRKT 350 Introduction to Marketing Information Systems
- MRKT and ABUS majors may choose to take MRKT 350, which carries an additional prerequisite of MRKT 341.
- RAIKES students will take RAIK 281H in place of MNGT 350/SCMS 350.
BCI 3 – FINA 361 Finance (3 hrs)
- Actuarial science majors will take FINA 461 instead of FINA 361.
- RAIKES students will take RAIK 381H in place of FINA 361.
BCI 4 – MRKT 341 Marketing (3 hrs)
BCI 6 – MNGT 360 Managing Behavior in Organizations (ACE 6) (3 hrs)
Professional Enhancement Program – Upper level
PrEP–BSAD 333 Professional Enhancement III (1 hr)
- 1-credit-hour course (offered Pass/No Pass only).
- Prerequisites: Majors in College of Business Administration; 2.5 GPA; BSAD 222.
- Take this course as a junior (preferably first semester).
PrEP–BSAD 444 Professional Enhancement IV (1 hr)
- 1-credit-hour course (offered Pass/No Pass only).
- Prerequisites: Majors in College of Business Administration; 2.5 GPA; BSAD 333 or by permission.
- Take this course as a senior (preferably first semester) or junior (preferably second semester).
Business Core Advanced-Major (BCA-M) – (18-36 hours)
Students may pursue and reference specific major requirements by clicking on the major: accounting, actuarial science, agribusiness, business administration, economics, finance, international business, management, marketing, or suppy chain management.
- Course work for the major requires completion of specific, required courses of the department, along with other guidelines.
- Refer to the major page for a listing of requirements.
- Careful and advanced planning is necessary as some courses for the major may not necessarily be available every semester (particularly summer).
- ALL course work for the major must be taken for a grade (no Pass/No Pass).
- Students may be able to take their International Business Course Requirement (IBCR) as part of their major.
- Although a 2.5 GPA may not be required to take these courses, a 2.5 is required to apply for graduation; thus, students are expected to maintain this level throughout their collegiate career.
- Sequencing of classes is critical, particularly for agribusiness, actuarial science, and international business; plan the major courses well in advance of enrollment.
- By this point in time, the curriculum was designed for ACE (except ACE 10) to have been completed through other course work. If missing an ACE 4 or 9, there may be options through the major to fulfill both requirements.
- A maximum of 3 hours of course work may transfer if the 75% rule has not been exceeded. Further restrictions may apply.
Business Core Advanced-Capstone (BCA-C) – Two Courses (3 hours)
BCA-C 1 – MNGT 475 Business Policies & Strategies (ACE 10) (3 hrs)
- Reserved for graduating seniors, this course requires the Business Core Foundation (BCF) and Intermediate (BCI) course work to be completed for enrollment.
- A capstone course integrating business concepts covered throughout the program.
- Course MUST be taken at UNL and taken for a grade (no Pass/No Pass).
BCA-C 2 – BSAD 98 Senior Assessment (0 hrs)
- A 0 credit-hour seminar required of ALL CBA graduating seniors.
- Taught via Blackboard – all components must be completed to a satisfactory level to graduate.
- Major Field Test required as part of assessment, which must be passed to graduate.
Electives – Hours vary to meet 120 hour minimum to graduate
Electives round out the rest of the 120 hour curriculum where students have the option to choose courses toward a second major, a dual degree, a minor (or two); or, students can simply select courses of personal interest.
- Some hours may need to be additional business course work (to meet the requirement that 60 hours of course work be in business). This requirement will vary by major.
- There may be a need to enroll in an international business course requirement (IBCR) if not taken as part of the major or for the business elective(s) requirement.
- A minimum of 12 hours of 300/400 upper-level course work beyond the business core is required for most majors to ensure depth is achieved through enrollment in elective hours. See 300/400-level Elective Requirement below for additional information.
- In addition to the Foundation, leadership, and computer science foundation courses listed earlier, RAIKES students will also complete the following courses as part of the degree requirements:
- Raikes Design Studio Courses (must be taken for a grade):
- RAIK 301H, RAIK 302H, RAIK 401H, RAIK 402H (ACE 10)
- Raikes Computer Science Electives – Choose 6 hours from: CSCE 378, CSCE 475, CSCE 476 or RAIK 384H (can be taken Pass/No Pass)
- If not completed through the other area requirements, any remaining ACE requirements will need to be completed as required electives.
- In a 21-hour major, students will average 32 hours of elective credit; 2nd major options and/or minors may be appropriate to consider for elective hours.
International Business Course Requirement (IBCR)
- The international business course requirement (IBCR) is to broaden the student’s international perspective.
- Each student, excluding accounting majors, must include one course which emphasizes an international perspective.
- Actuarial Science majors are encouraged to take FINA 450 if they have not met this requirement with completion of NBR 6 – ACE 9 with ECON 321 or MNGT 414.
- The IBCR must be taken for a grade.
The course must be chosen from the following approved list of International Business Course Requirement (IBCR) courses. Many of these courses have prerequisites. Some are restricted for education abroad and others may only be offered once a year. Thus, you are advised to plan ahead in scheduling this requirement into your program.
BSAD 491 International Studies in Business and Economics (1-15 hrs)
- Available only to students studying abroad for which there is no UNL equivalent course.
- Available also for the Senshu, Japan, CIMBA Italy, and for the China Education Abroad Programs.
- Senshu program students may apply 3 hours towards electives in the FINA, MNGT, or MRKT major; 6 hours applicable for BSAD or IBUS major/minor.
- BSAD 491 credit from any other study abroad program should be based on course topics directly associated with a specific major in MNGT, MRKT or FINA, and may need department consent. Students should visit with an academic adviser for assistance.
ECON 422 International Finance
ECON 423 Economics of the Less Developed Countries
FINA 450 International Financial Management
MRKT 453 International Marketing (prerequisite requires completion of 6 hours of MRKT course work)
SCMS 439 Global Sourcing & Distribution
Although the following courses may also be used to fulfill requirements in the international business major/minor/IBCR, students should be aware that they are not necessarily offered on a consistent basis.
ECON 323 The Economic Development of Latin America
ECON 388 Comparative Economics Systems
ECON 440 Regional Development
ECON 487 Economies in Transition
If planned carefully, the IBCR course can count in two places. It is not an extra 3 hours of credit, but rather, is 3 hours embedded within other requirements. If selected carefully, it can also count for 3 hours of credit in the major (i.e. MRKT 453 counts for MRKT elective in MRKT major and would count for the IBCR; FINA 450 counts for FINA elective in FINA major and would fulfill the IBCR as well; etc.). On the other hand, if course work for the major is already determined by personal choices, the IBCR can count in electives, and more specifically, for one of the ‘business’ electives needed for most majors.
300/400 Upper-level Requirement
As part of the degree requirements, all students must complete 12 hours of 300/400 level course work.
This can be business or non-business course work.
- Business course work from the Business Core Intermediate (BCI), Business Core Advanced-Major (FIRST Major) or Business Core Advanced-Capstone may NOT be used to fulfill this requirement with exceptions noted below:
- If more than 21 hours of course work for the major are taken at the 300/400-level and of those hours, course work is not being double counted toward the NBR and major, the additional 300/400-level hours can be used to fulfill the 300/400-level requirement. You will need to consult your Degree Audit to determine your requirements.
- BSAD majors will complete a 24 hour major and only need to complete 9 upper level hours.
- FINA majors, will take between 24 and 30 hours for their major; consult the major section in this document or your Degree Audit to determine how many hours will double count for this requirement. This will depend on which option you select for the major.
- Actuarial science, agribusiness majors, international business majors and RAIKES students do not need to meet this requirement due to the additional hours at the 300/400 level required for the major/program.
- Business Core Advanced-Major course work used for a SECOND major (if picked), or course work selected for a minor MAY count.
- Non-business course work (NBR) taken at the 300/400 level may be double counted to fulfill this requirement if it is not being used to double count for the 1st major.
- No course may be taken on a Pass/No Pass basis unless it is 398/399 credit. Only 3 hours of 398/399 is allowed for this requirement.
Business Course/Business Elective Hours
Sixty (60) hours of business courses are required for the BSBA degree.
The required hours WILL VARY BY MAJOR, dependent on how requirements have been accepted and/or completed throughout the previous components of the program. While GENERAL MINIMUM guidelines by major are noted below, My Degree Audit will specify minimum business credit hour expectations for each student. You will generally see this addressed under the ELECTIVE section (BUSINESS ELECTIVES) on My Degree Audit.
- ACCT, ECON, MRKT majors – 3 hours
- BSAD – no additional business course work as your major consists of 24 hours of business course work
- ACTS – no additional business course work as your major consists of 28 hours of business course work.
- FINA – no additional business course work as your major consists of 24-28 hours of business course work. UNLESS you select AECN 495A under the Banking and Financial Institutions options, and then you will need 3 hours of business electives.
- ABUS and RAIK – no additional business course work required due to intent of major as being ‘business-related’ course work.
- Additional hours may be required if there is a variation in hours for NBR, BCF, BCI or BCA, or if there is a violation of the 75% rule, the 15 hour rule, etc.
Course work must be taken for a grade except for 398/399 options where grades are generally not permitted
Foreign Languages/Language Requirement
Other than meeting the minimum requirement for admission to the University, the College does not require any additional work in foreign languages except for the international business major. Students, however, are always encouraged to take language courses.
Minimum Hours Required for Graduation
A minimum of 120 semester hours of credit is required for graduation; more may be necessary if specific degree requirements have not yet been completed. Most students will graduate with 121 hours as BSAD 150 is not applicable toward degree requirements.
C- and D Grades
While students may earn grades of C- or D, there are restrictions and recommendations for such grades and further enrollment options:
- Grade of C or higher in ACCT 201 required to enroll in ACCT 202.
- Grade of C or higher in ACCT 202 required to enroll in any 300/400-level ACCT course.
- Grade of C or higher required in other departmental higher-level sequencing courses (i.e. MATH 101 to take MATH 104, etc.). See course descriptions to determine enrollment restrictions.
- Minimum 2.5 cumulative GPA required to enroll in many business courses.
- ACCT 201, ACCT 202, ECON 215, FINA 361, BLAW 371, BLAW 372, MNGT 331, MNGT 350/SCMS 350, MNGT 360, MNGT 475, MRKT 341, MRKT 350
- Grades of C- or lower can be removed by retaking the course at UNL or within the University system (UNK, UNO).
- Grades of C or better are required to transfer courses from other institutions.
- Academic bankruptcy options may be considered for students who have one or two semesters of poor performance.
Pass/No Pass Limits
The Pass/No Pass option is designed for students who want to study areas or topics in which they may have minimum preparation. If used for this purpose, the option can enrich the student’s academic experience without lowering the student’s grade point average. Several restrictions apply when considering the Pass/No Pass option:
- BSAD 111 and BSAD 150 are offered only as Pass/No Pass. Both are required and BSAD 150 does not count toward the 120 hours required for the degree
- Students may apply no more than 6 hours of elective credit using the Pass/No Pass option (excludes BSAD 111, BSAD 150, BSAD 222, BSAD 333, BSAD 444).
- No student in any College enrolled at the University of Nebraska–Lincoln may take business courses in the College of Business Administration using the Pass/No Pass option.
- College of Business Administration students may NOT take course work to satisfy ACE requirements, the International Business Course Requirement (IBCR), nor any required business course work, including the major and minor, using the Pass/No Pass option.
- Students majoring in actuarial science through the College of Business Administration may NOT take any math, actuarial science, or required courses using the Pass/No Pass option.
- Students taking courses to fulfill the requirements of a minor in an area of study outside the College of Business Administration are subject to CBA rules restricting use of the Pass/No Pass option if courses in their minor are used to meet ACE or any college-specific requirements.
- Students seeking any minor outside the College should verify rules applying to minimum grade expectations and Pass/No Pass options with the adviser for their minor as additional restrictions may apply and they often vary.
- Students from UNO/UNK/UNMC and from other institutions are subject to the same restrictions listed here of UNL students.
Exceptions to the above rules are limited to the following and no other exceptions will be made.
- An independent study course (398, 399) may be taken in the College of Business Administration using the Pass/No Pass option with the permission of the instructor and the department chair but College of Business Administration students who qualify for this exception may use the independent study course (398, 399) only as elective credit.
- Advanced Placement grades of P and Credit By Exam grades of P will be accepted to fulfill degree requirements (with the exception of BSAD 150). These hours will not count against the 6-hour-maximum hours permitted.
- Students who travel abroad and return with “credit” rather than grades from the institution where they studied may use P grades to fulfill degree requirements. These hours will not count against the 9-hour-maximum number of hours permitted.
A 2.5 cumulative grade point average is required to apply for graduation, as well as a requirement for enrollment in ACCT 201 and ACCT 202, ECON 215, BLAW 371 and BLAW 372, FINA 361, MNGT 331, MNGT 360, MNGT 475, MNGT 350/SCMS 350 or MRKT 350, and MRKT 341. In some instances, a specific grade is required in certain courses to continue with upper-level course work.
Transfer Credit Rules
See Maximum/Minimum hour restrictions under Course Exclusions and Restrictions
Course Level Requirements (Hour Requirement 300+)
In addition to the Business Core Intermediate and Business Core Advanced and Business Course Advanced Capstone requirements, business students must complete an additional 12 hours of 300/400-level course work in their program (not required for ACTS majors and RAIKES students). Students generally fulfill this requirement through their electives, but there may be a few upper-class students who can fulfill the requirement with the ACE course requirements. Twelve hours is based on a 21 hour major. The number is adjusted when there are larger majors.
- At least 30 of the last 36 hours of credit must be registered for and completed in residence at the University of Nebraska-Lincoln.
- Students electing to study abroad in their final semester are exempted for the hours earned abroad, but no additional hours may be transferred in the last 36 hours. This exemption requires filing a written appeal in the Undergraduate Programs office.
All students must fulfill the Achievement Centered Education (ACE) requirements. Information about the ACE program may be viewed at ace.unl.edu. Students may also use the Bulletin’s course search facility to search for ACE groups. Example: Enter ACE one in the search to generate a list of all possible ACE 1 courses.
ACE Achievement-Centered Education—Ten Courses (normally 30 hours)
This is the university’s innovative, outcomes-focused general education component designed to enhance the undergraduate experience by providing broad exposure to multiple disciplines, complementing the major and helping students develop important reasoning, inquiry, and civic capacities.
Important rules to remember when selecting course work to meet this requirement:
- There are 10 ACE Student Learning Outcomes (SLO) and at least one course, equivalent to 3 credit hours, must be taken for each of the 10 SLO’s.
- Up to three ACE Student Learning Outcomes (SLO), 4-10, may be satisfied by work in one subject area;
- ACE SLO’s must be satisfied by work in at least three subject areas;
- No ACE course may satisfy more than one ACE SLO in a student’s program;
- If an ACE course addresses two ACE SLO’s, the student decides which one of the two outcomes the course will satisfy in that student’s program. (My Degree Audit will make an automatic decision based on first course taken; first SLO needed.)
- As part of the college requirements of non-business and business courses, many courses will also work for ACE. Students should carefully review required course work with ACE options to make the best use of courses to fulfill both degree requirements as well as UNL ACE requirements.
Students (including transfer students) must follow the Undergraduate Bulletin in effect when they enroll in the College of Business Administration. Students who leave the college and return or those applying for ‘readmission’ to the College are subject to requirements in place at the time of their re-enrollment in the College.
|Degree Offered:||Bachelor of Science in Business Administration|
|Hours Required:||120 hours for degree (28 hours for the major)|
|Minimum Cumulative GPA:||2.5 for graduation|
|Chief Adviser:||Susan Vagts|