Recommended Academic Plan for RM (ERM) option at University Park Program Year 2018

Effective Fall 2015

This major is under an administrative enrollment control. Please review the Entrance-to-Major requirements found at http://dus.psu.edu/students/etm/requirements.html

Semester 1

Course DetailsCredits
PSU 006 First Year Seminar

PSU 006 First Year Seminar

1
ENGL 015 Rhetoric and CompositionNotes for: ENGL 015

ENGL 015

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • † Course satisfies General Education and degree requirements.
or ENGL 030 Honors Freshman CompositionNotes for: ENGL 030

ENGL 030

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • † Course satisfies General Education and degree requirements.
3
MATH 110 Techniques of Calculus INotes for: MATH 110

MATH 110

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • * Course requires a grade of 'C' of better.*
  • † Course satisfies General Education and degree requirements.
or MATH 140 Calculus with Analytic GeometryNotes for: MATH 140

MATH 140

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • * Course requires a grade of 'C' of better.*
  • † Course satisfies General Education and degree requirements.
4
ECON 102 MicroeconomicsNotes for: ECON 102

ECON 102

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • † Course satisfies General Education and degree requirements.
3
Foreign Language 001Notes for: Foreign Language 001

Foreign Language 001

Students must complete 12th credit level in a foreign language. Credits vary based on skill level.
4
Total credits 15

Semester 2

Course DetailsCredits
MGMT 301 Basic Management ConceptsNotes for: MGMT 301

MGMT 301

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • * Course requires a grade of 'C' of better.*
3
SCM 200 Introduction to Statistics for BusinessNotes for: SCM 200

SCM 200

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • * Course requires a grade of 'C' of better.*
  • † Course satisfies General Education and degree requirements.
or STAT 200 Elementary StatisticsNotes for: STAT 200

STAT 200

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • * Course requires a grade of 'C' of better.*
  • † Course satisfies General Education and degree requirements.
4
Foreign Language 002Notes for: Foreign LAnguage 002

Foreign LAnguage 002

Students must complete 12th credit level in a foreign language. Credits vary based on skill level.
4
General Education Natural Science (GN)

GN

3
Total credits 14

Semester 3

Course DetailsCredits
MKTG 301 Principles of MarketingNotes for: MKTG 301

MKTG 301

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • * Course requires a grade of 'C' of better.*
3
ACCTG 211 Financial and Managerial AccountingNotes for: ACCTG 211

ACCTG 211

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • * Course requires a grade of 'C' of better.*
4
Foreign Language 003Notes for: Foreign Language 003

Foreign Language 003

Students must complete 12th credit level in a foreign language. Credits vary based on skill level.
4
ECON 104 Macroeconomics

ECON 104

or General Education (GH/GS/GA)

(GH/GS/GA)

3
Total credits 14

Semester 4

Course DetailsCredits
FIN 301 Corporation FinanceNotes for: FIN 301

FIN 301

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • * Course requires a grade of 'C' of better.*
3
SCM 301 Supply Chain Management

SCM 301

or ENGL 202D Business WritingNotes for: ENGL 202D

ENGL 202D

Requirements for this course
  • † Course satisfies General Education and degree requirements.
3
3
General Education (GH/GS/GA)

(GH/GS/GA)

3
General Education Natural Science (GN)

GN

3
Total credits 15

Semester 5

Course DetailsCredits
R M 320w Risk Management and InsuranceNotes for: R M 320

R M 320

Requirements for this course
  • * Course requires a grade of 'C' of better.*
3
ENGL 202D Business Writing Notes for: ENGL 202D

ENGL 202D

Requirements for this course
  • † Course satisfies General Education and degree requirements.
or SCM 301 Supply Chain ManagementNotes for: SCM 301

SCM 301

Requirements for this course
  • † Course satisfies General Education and degree requirements.
3
B Law 341 Business Law I Contracts, Liability & Intellectual Property Notes for: B LAW 341

B LAW 341

Requirements for this course
  • † Course satisfies General Education and degree requirements.
3
3
General Education Natural Science (GN)

GN

3
Total credits 15

Semester 6

Course DetailsCredits
FIN 406 Security Analysis and Portfolio Management Notes for: FIN 406

FIN 406

Requirements for this course
  • * Course requires a grade of 'C' of better.*
3
3
R M 301 Risk & DecisionNotes for: RM 301

RM 301

Requirements for this course
  • * Course requires a grade of 'C' of better.*
3
General Education (GH/GS/GA)

GH/GS/GA

3
General Education (GH/GS/GA)

GH/GS/GA

3
Health Science/KINES (GHA)

GHA

1.5
Total credits 16.5

Semester 7

Course DetailsCredits
B LAW 441 Business Law II : Agency, Employment, BusinessNotes for: B LAW 441

B LAW 441

Requirements for this course
  • * Course requires a grade of 'C' of better.*
3
R M 440 Risk, Strategy and Decision Making Notes for: R M 440

R M 440

Requirements for this course
  • * Course requires a grade of 'C' of better.*
3
3
Two-Piece SequenceNotes for: Two-Piece

Two-Piece

See list below
3
General Education (GH/GS/GA)

GH/GS/GA

3
Total credits 15

Semester 8

Course DetailsCredits
R M 405 Corporate Risk ManagementNotes for: R M 405

R M 405

Requirements for this course
  • * Course requires a grade of 'C' of better.*
3
Two-Piece SequenceNotes for: Two-Piece

Two-Piece

See list below
3
General Education (GH/GS/GA)

GH/GS/GA

3
Elective

Elective

3
Elective

Elective

2
Health Science/KINES (GHA)

GHA

1.5
Total credits 15.5

Additional Notes

 

In order to promote student academic success, the Smeal faculty has designated the successful completion of specific "entrance-to-major" courses prior to the beginning of “major field” course work. In order to ensure all students are equally prepared for success, the Smeal College of Business requires that the following “entrance-to-major” courses must be completed at a Penn State campus: Accounting 211, Management 301, Marketing 301, and Finance 301.

Therefore, transfer courses or those designated as direct equivalent courses for the four courses above listed will not be credited toward Smeal entrance-to-major progress.

Please note that pursuant to AACSB accreditation standards, the Smeal College requires that all upper division courses within the departments sponsoring the major be completed in residence at University Park under the instruction of Smeal College faculty.

For example, students in the Enterprise Risk Management Option of the Risk Management major must complete in residence with Smeal College faculty all 300 level and above Risk Management courses (or those cross-listed with Risk Management), as well as nine credits of 400 level major courses in B Law, Finance and International Business.

Petitions for hardship exceptions from this policy may be made to the Smeal College of Business Associate Dean for Undergraduate Education. 

Advising Notes:

  • It is highly recommended that students at campuses that do not offer SCM 301 take ENGL 202D in their 4th semester.
  • GWS, GQ, GA, GH, GS, GN and GHA are codes used to identify General Education requirements.
  • US, IL, and US; IL are codes used to designate courses that satisfy University United States/International Cultures requirements.  All students are required to take one IL and one US course before graduation.  A course designated as US; IL may be used as a US OR an IL, not both.
  • W suffix signifies the course satisfies the University Writing Across the Curriculum requirement.

 

 

Risk Management (R M) with the Enterprise Risk Management Option (ERM) – Effective Fall 2015

Requirements for Program Year 2018

 

Course Descriptions

The following bullets will assist students in navigating the Risk Management Enterprise Risk Management option:

  • R M 320W offered in the fall semester.

  • R M 301 and R M 405 are offered in the spring semester.

  1. PRESCRIBED COURSESTake all of the following prescribed courses (6 credits) 

A grade of “C” or better is required in all courses.

R M 320 W – Risk Management and Insurance (3) (FA only) [Prerequisite: FIN 301 or B A 301; MATH 110 or 140; and SCM 200 or STAT 200]

R M 301 – Risk and Decision (3)  (SP only) [Prerequisite: R M 301]

  1. ERM OPTION COURSESTake the following course (12 credits)

A grade of “C” or better is required

B LAW 441 – Business Law II: Agency, Employment & Business Structure (3) [Prerequisite: B LAW 341; FIN 301 or B A 301]

FIN 406 – Security Analysis and Portfolio Management (3) [Prerequisite: FIN 301 or B A 301]

R M 405 – Corporate Risk Management (3) [Prerequisite: R M 320W] (SP only)

R M 440 - Risk, Strategy and Decision Making (3) [prerequisite: R M 320W]

 

  1. SUPPORTING COURSES: Smeal Two-Piece Sequence Select six credits from one set of discipline courses below (6 credits)

Accounting Select two courses from the following

ACCTG 404 – Managerial Accounting: Economic Perspective (3)

ACCTG 471 – Intermediate Financial Accounting I (3)

ACCTG 472 – Intermediate Financial Accounting II (3)

Actuarial ScienceTake the following two courses

R M 410 (3) – Compound Interest and Annuities

R M 411 (3) – Actuarial Mathematics

Business Sustainability Take the following two courses

B A 441 – Strategies for Enterprise Sustainability (3) [B A 497A – Fall 2013]

B A 442 – Sustainable Behavior of Consumers, Firms and Societies (3) [B A 497B – Spring 2014]

Corporate Benefits Take the following two courses

R M 401 (3) – Fundamentals of Private Pensions

R M 430 (3) – Health and Life Insurance

Economics Select two courses from the following

Select 3 credits of 300/400 level Economics

Select 3 credits of 400 level Economics

Entrepreneurship Select courses based on the following

a. Take the following course

MGMT 425 – New Venture Creation (3)

b. Select one of the following courses

MGMT 426 – Invention Commercialization (3)

MGMT 427 – Managing an Entrepreneurial Start-Up Company (3)

Finance Select two courses from the following

FIN 305 – Financial Management of the Business Enterprise (3)

FIN 408 – Financial Markets and Institutions (3)

Information Systems Management Take the following two courses

MIS 301 – Business Analytics  (3)

MIS 446 – Information Technology and Business Strategy (3)

International Business – Select two courses from the following

I B 303 – International Business Operations (IL) (3)

I B 403 - International Business and National Policies (3)

I B 404 – Contemporary Issues in International Business (3)

I B 450 – Business Environment of Europe (3)

I B 460 – International Business in Emerging Nations (3)

I B/R M 480 – International Real Estate Markets (3)

Management Select courses based on the following

a. Take the following course

MGMT 326 – Organizational Behavior and Design (3)

b. Select one of the following courses

MGMT 461 – International Management (3)

MGMT 471 – Strategic Management (3)

MarketingSelect courses based on the following

a. Select one of the following courses

MKTG 330 – Consumer Behavior (3)

MKTG 327 – Retailing (3)

b. Select one of the following courses

MKTG 445 – Global Marketing (IL) (3)

MKTG 422 – Advertising and Sales Promotion Management (3)

Mathematics-Take the following two courses

           MATH 141- Calculus with Analytical Geometry II (4)

           MATH/STAT 414 - Introduction to Probability Theory (3)

Real Estate Take the following two courses

  R M 303 – Real Estate Fundamentals (3)

  R M 450 – Contemporary Issues in Real Estate Markets (3)

Statistics - Take two of the following

       STAT 461 - Analysis of Variance (3)

       STAT 462 - Applied Regression Analysis

       STAT 463 - Applied Time Series Analysis (3)

Supply Chain and Information Systems Select two courses from the following

SCM 404 – Demand Fulfillment (3)

SCM 405 – Manufacturing and Services Strategies (3)

SCM 406 – Strategic Procurement (3)

 

Risk Management (ERM Option) majors Please Note:

In lieu of completing a two-piece sequence, students may complete one of the minors listed below provided the minor has a minimum of six credits of upper-level coursework completed at University Park that can be used in the two-piece category according to the course layout in the degree audit system.

Smeal College Minors

Information Systems Management (ISM)

International Business (I B)

Legal Environment of Business (LEBUS)

Supply Chain and Information Sciences & Technology (SCIST)

Liberal Arts Minor and Concurrent Major

Economics (ECON)

College of IST Minor or Concurrent Major

       Information Science and Technology (IST)

Eberly College of Science Minors and Concurrent Majors

       Mathematics (MATH)

       Statistics (STAT)

World Language Minors and Concurrent Majors

      Arabic Language (ARAB)

Chinese Language (CHNS)

French and Francophone Studies (FR)

German (GER)

Greek (GREEK)

Hebrew (HEBR)

Italian (IT)

Japanese Language (JAP)

Korean Language (KORLG)

Latin (LATIN)

Russian (RUS)

           Spanish (SPAN)

 

The University may make changes in policies, procedures, educational offerings, and requirements at any time.  Please consult a Penn State Academic Advisor for more detailed information.

               

Legend

# Course is an Entrance-to-Major requirement.
* Course requires a grade of 'C' or better.
† Course satisfies General Education and degree requirements.

Footnotes

Foreign Language 001
Students must complete 12th credit level in a foreign language. Credits vary based on skill level.
Foreign LAnguage 002
Students must complete 12th credit level in a foreign language. Credits vary based on skill level.
Foreign Language 003
Students must complete 12th credit level in a foreign language. Credits vary based on skill level.
Two-Piece
See list below
Two-Piece
See list below