The application for the Business Administration minor for the Class of 2021 will be available in February 2019.
The business administration minor offers students in Georgetown College an opportunity to develop business knowledge and skills in combination with a liberal arts education. Students enrolled in the minor can take courses in accounting, finance, operations, management, marketing, strategy, ethics, and public policy, as well as courses in selected liberal arts disciplines that connect a student’s interests and the field of business. All students in the minor take a course in Social Responsibility or Ethical Values of Business, which both challenges students to apply their learning in an ethical manner and to contribute to their intellectual and professional communities.
Eligibility and Application for the Minor
A College student is eligible to apply for the minor if he or she:
- is in the spring semester of sophomore year
- will complete the 4 prerequisites by the end of sophomore year (see below)
- has a minimum 3.3 cumulative grade-point average
- has a minimum 3.3 grade-point average in the prerequisites
The program is limited to 50 students per class, selected on the basis of an application submitted in the spring semester of their sophomore year. Junior and senior students are not eligible to apply retroactively. The application includes an essay explaining the student’s reasons for seeking a minor in business administration, with an emphasis on how the minor would complement the student’s other major or minor interests. A committee of College advising deans will review the applications.
Students accepted to the minor and students interested in applying for the minor should not take ACCT-001 or FINC-150 (these courses do not count toward the minor). All College students (including business administration minors) are limited to a maximum of 6 MSB courses (ACCT, BADM, FINC, MARK, MGMT, OPIM, and STRT) within their College degree. All MSB courses taken above and beyond 6 will not count toward the College degree.
FINC-150 does not count toward the business administration minor. Students who wish to complete the business administration minor and take FINC-150 must make sure that 1 of the 4 Advanced Electives required for the minor is a College bridge elective (see list below), thereby keeping the total number of MSB courses in the degree within the limit of 6.
ACCT-001 may not be taken by business administration minors. Business administration minors must take ACCT-101 in the fall term of their junior year (or upon return if a student is studying abroad in the fall term of junior year). If a minor has previously taken ACCT-001, he or she will lose that credit.
4 Prerequisites (must be completed by the end of sophomore year)
- Calculus: MATH-035
- Statistics: MATH-040, GOVT-201, OPIM-173, or ECON-121
- Economics: 2 courses in economics, only one of which may be completed with AP credit.
- If you have AP credit for both ECON-001 and 002, take ECON-101.
- If you have AP credit for ECON-001 only, take ECON-002.
- If you have AP credit for ECON-002 only, take ECON-001.
- If you have no AP credit in ECON, take ECON-001 and 002, OR ECON-003 and ECON-101 or 102. (You should only take ECON-003 if you have a strong high school background in economics).
A NOTE ON STATISTICS: the introductory MSB courses for finance and operations (FINC-211 and OPIM-220) require statistics as a prerequisite. Starting in Fall 2019, only OPIM-173 and GOVT-121 will satisfy the statistics prerequisite for FINC-211 and OPIM-220. A student with credit for MATH-040 (including AP credit) can take OPIM-172 (2 credits) to complete the statistics prerequisite for FINC-211 and OPIM-220.
6 Required Courses (plus OPIM-170)
- OPIM-170 Computational Business Modeling (1 credit)
- ACCT-101 Accounting I (taken in junior year)
- Class of 2021 and after: STRT-230 Ethical Values of Business* (taken in junior year) / Class of 2019 and 2020: STRT-282 Social Responsibility of Business
- 4 advanced electives (see below)
*STRT-230 also counts as a Philosophy core course in Ethics
4 Advanced Electives
Students must take at least 3 courses in the business school (excluding ACCT-001 and FINC-150). Students may choose to take a broad-based minor or to specialize in a single area by taking at least 3 electives in one area to gain in-depth knowledge. Students must meet all prerequisites for MSB courses they wish to take (see the Schedule of Classes for prerequisite listing). Students may choose the 3 MSB courses from offerings in:
- Management, Leadership, and Innovation
- Operations (Statistics/Analytics, Management Science, and Operations Management)
- Strategy, Ethics, and Public Policy
The fourth elective may be from any of the above MSB areas or from the list of approved College “bridge” electives—courses that explore the cultural, political, and social contexts of business. These are designated electives in College departments. Students are encouraged to take as their fourth elective a College-approved course in their major or minor discipline, or in another area of interest to enhance the integration of their curricular programs. This course, however, will only count toward the business administration minor, and not toward the student’s major or other minors.
Past courses that have been recognized as suitable bridge electives:
- AMST-382 Advertising and Social Change
- ANTH-170 Commerce Across Cultures: Trade in Turbulence
- CATH-205 Catholicism and the Origins of Modern Business
- CLSS-342 Ancient Roman Economy
- COSC-011 Introduction to Information Privacy
- COSC-287 Data Science
- COSC-411 Information Warfare
- ECON-156 Poverty
- ECON-243 International Trade
- ECON-244 International Finance (students may not take this and FINC-250)
- ECON-264 Global Equity Capital Markets
- ECON-384 Topics in Trade
- ECON-391 Japanese Economy
- ECON-408 Economics of Information
- ECON-429 Topics in Competition and Regulation
- ECON-458 Economic Crises
- ECON-461 Industrial Organization
- ECON-465 Money, Banking, & Financial Markets
- ECON-481 Labor Economics
- ECON-484 Political Economy of Trade Policy
- ENST-441 GIS Environment and Health
- GOVT-261 International Political Economy
- GOVT-262 International Organizations
- GOVT-354 Environmental Politics
- GOVT-362 Poverty and the World Economy
- GOVT-382 Max Weber
- GOVT-415 Dept Seminar: Globalization and International Law
- GOVT-478 Poverty and Inequity
- GOVT-499 Dept Seminar: Politics, Markets, and Cultures
- HIST-203 Global/Local Foods and Food Systems
- HIST-284 History of American Labor
- HIST-290 Oil and World Power
- HIST-328 China and the US
- HIST-382 Topics in US History: Unfree Labor in US after 1865
- MATH-240 Applied Statistical Methods
- MUSC-261 Perform Arts & Museum Mgmt I
- MUSC-262 Perf Art Adm:Fund/Grnt/Mkt/PolJ
- PHIL-129 Ethics: Global Justice
- PHIL-377 Ethics and Economics
- PHIL-141 Ethics: Moral Foundations of Market Society
- SOCI-154 Sociology of the 1 Percent
- SOCI-157 Global Power Elites
- SOCI-166 Modernization and Development
- SOCI-167 Globalization and Social Change
- SOCI-168 CBL: Social Entrepreneurship
- SOCI-220 CBL: Global Inequalities/Social Justice
- SOCI-223 Visual Sociology and Consumer Technology
- SOCI-226 Consumerism in East Asian Societies
- SOCI-245 Philanthropy and Social Change
- SOCI-258 Inequality and Social Chance in Latin America
- SOCI-437/438 Project DC
- WGST-224 Labor, Sexuality, Globalization
- ARAB-328 Business Arabic
- CHIN-321 Business Chinese
- FREN-293 Business French
- GERM-292 German Business Culture
- JAPN-322 Business Japanese II
- KREN-321 Business Korean I
- PORT-171 Business Portuguese
- SPAN-209 Adv Spanish for Business
Students are strongly advised to complete all business electives on campus at Georgetown. Study abroad programs should be appropriate for students’ majors, but students may receive credit toward the business administration minor for a course (maximum of one) taken while studying abroad. These courses must be approved in advance by the MSB Office of Undergraduate Programs.