Business Management*

*Business Management is offered exclusively as a concentration.

Program Manager: Cara Mandarino, 104 Uris; 212-854-0140; MendelsonCenter@gsb.columbia.edu

http://www8.gsb.columbia.edu/mendelson

The collaboration between the faculty of Arts and Sciences and Columbia Business School offers students access to the ideas and expertise of the faculty of a top-ranked professional school recognized for its excellence in graduate business education through a series of elective courses. These courses, designed by Business School faculty specifically for undergraduates, build upon the strong liberal arts education at Columbia. Students learn how finance is directly connected to the fundamental principles of economics; that marketing utilizes concepts from psychology; and how management depends upon principles developed in psychology and sociology.

Students can take advantage of the opportunity to enhance their experience by participating in co-curricular activities, such as Business School faculty lecture series, industry panels, informal mentoring/networking activities with MBA students and alumni, in addition to research opportunities with Business School faculty.

This curricular and co-curricular programming capitalizes on the Business School’s ability to connect academic theory with real-world practice, providing students with the opportunity to develop key leadership skills, an entrepreneurial mindset, and the ability to innovate.

NOTE: There are two ways to complete the special concentration in business management.

  1. Apply and be accepted to the program. Students who are accepted to the program are guaranteed seats in the required undergraduate business courses. Application instructions are below.
  2. Take the required undergraduate courses by the final term. It is essential to note that there is no guarantee that the special concentration can be completed without formal acceptance into the program. A seat in the required business courses is not guaranteed. Students who pursue the completion of the special concentration in business management in this way are not guaranteed completion by graduation.

Application Requirements

To apply for the special concentration in business management, students must meet these three requirements:

  1. Sophomore or junior standing;
  2. Have a cumulative GPA of 3.4 or higher;
  3. Have received a B+ or better in at least one, but preferably two, of the following three prerequisite courses, i.e. in statistics, economics, and psychology. Students who completed only one prerequisite at the time of application must be currently enrolled in at least one other; acceptance is conditional on achieving a grade of B+ or higher in the second course.
    Statistics Prerequisite
    Select one of the following:
    Introduction to Statistical Reasoning
    Introduction to Statistics
    Calculus-Based Introduction to Statistics
    Introductory Statistics for Behavioral Scientists
    Social Statistics
    Economics Prerequisite
    Principles of Economics
    Psychology/Sociology Prerequisite
    Select one of the following:
    The Science of Psychology
    Mind, Brain and Behavior
    The Social World

Application Components

  1. Application form
  2. Current class schedule, including a brief description of how all concentration requirements will be completed
  3. Official transcript
  4. Resume

Benefits for Admitted Students

While students may complete the special concentration requirements without applying to the program, the following benefits are available to students admitted through the application process:

  1. Guaranteed enrollment in popular undergraduate business courses (must reserve in advance through program manager);
  2. Access to special guest speaker presentations at the Business School, including business leader or faculty presentations exclusively for admitted students;
  3. Formal and informal networking opportunities with Business School students, faculty, and alumni.

Guidelines for all Business Management Special Concentrators

The business management special concentration is not a stand-alone concentration: it is intended to complement the disciplinary specialization and methodological training inherent in a major. In addition to the special concentration requirements, students must complete a major or a full concentration.

The business management special concentration is not a stand-alone concentration: it is intended to complement the disciplinary specialization and methodological training inherent in a major. In addition to the special concentration requirements, students must complete a major.

Students who matriculated at Columbia in Fall 2012 and beyond must earn a minimum GPA of 3.0 in prerequisite, core, and elective courses. Students who matriculated before Fall 2012 must either adhere to the above requirement or previous requirement of B+ or better in at least two of the prerequisites and a minimum GPA of 3.0 in core and elective classes.

Students who do not meet course prerequisites or who do not receive a passing grade do not receive credit for that course towards the special concentration. All courses must be taken for a letter grade. Only prerequisites may be double counted for other majors or concentrations. The core and elective courses cannot be double counted.

For information about this special concentration, including the application process, visit http://www8.gsb.columbia.edu/mendelson.


Special Concentration in Business Management

Please read Guidelines for all Business Management Special Concentrators above.

The requirements for the special concentration in business management are as follows:

Prerequisites
Select one of the following Statistics courses:
Introduction to Statistical Reasoning
Introduction to Statistics
Calculus-Based Introduction to Statistics
Introductory Statistics for Behavioral Scientists
Social Statistics
Select the following Economics course:
Principles of Economics
Select one of the following Psychology/Sociology courses:
The Science of Psychology
Mind, Brain and Behavior
The Social World
Core
Select one of the following Financial Core courses:
Corporate Finance
Financial Accounting
Select two of the following Managerial Core courses:
Strategy Formulation
Marketing Management
Leadership in Organizations
Electives
Select two of the following courses:
Financial Economics
The Economics of Money and Banking
Thinking and Decision Making
Social Psychology
Introduction to Social Cognition
Introduction to Cultural Psychology
Economy and Society
Mistake, Misconduct, Disaster
Culture, Markets, and Consumption
SOCI S3675Q Organizing Innovation
Sociology of Labor Markets
Community Building and Economic Development
International Macroeconomics
Globalization and International Politics
Social Psychology
Social Psychology
Organizational Psychology
Venturing to Change the World

NOTE: Students may not receive credit for two or more of PSYC BC1136 Social Psychology, PSYC BC1138 Social Psychology, and PSYC UN2630 Social Psychology.

BUSI UN3013 Financial Accounting. 3 points.

Enables students to become informed users of financial information by understanding the language of accounting and financial reporting. Focuses on the three major financial statements that companies prepare for use of management and external parties—the balance sheet, the income statement, and the statement of cash flows. Examines the underlying concepts that go into the preparation of these financial statements as well as specific accounting rules that apply when preparing financial statements. Also looks at approaches to analyze the financial strength and operations of an entity. Uses actual financial statements to understand how financial information is presented and to apply analysis techniques. 

Fall 2017: BUSI UN3013
Course Number Section/Call Number Times/Location Instructor Points Enrollment
BUSI 3013 001/75998 T Th 10:10am - 11:25am
Room TBA
Julian Yeo 3 19/85

BUSI UN3021 Marketing Management. 3 points.

Designed to provide students with an understanding of the fundamental marketing concepts and their application by business and non-business organizations. The goal is to expose students to these concepts as they are used in a wide variety of settings, including consumer goods firms, manufacturing and service industries, and small and large businesses. The course gives an overview of marketing strategy issues, elements of a market (company, customers, and competition), as well as the fundamental elements of the marketing mix (product, price, placement/distribution, and promotion).

Fall 2017: BUSI UN3021
Course Number Section/Call Number Times/Location Instructor Points Enrollment
BUSI 3021 001/76399 M 2:40pm - 5:30pm
Room TBA
Tomomichi Amano 3 22/60

BUSI W3701 Strategy Formulation. 3 points.

Provides an introduction to strategic management with two broad goals: to understand why some companies are financially much more successful than others; and to analyze how managers can devise a set of actions ("the strategy") and design processes that allow their company to obtain a financial advantage. Allows students to gain a better understanding of strategic issues and begin to master the analytic tools the strategists use, by studying the strategic decisions of companies in many different industries and countries, ranging from U.S. technology firms to a Swiss bank and a Chinese white-goods manufacturer. Topics include what companies can do to outperform their rivals; analysis of the competitive moves of rival firms relying heavily on game-theoretic concepts; and when it makes sense for companies to diversify and globalize their business. 

Spring 2017: BUSI W3701
Course Number Section/Call Number Times/Location Instructor Points Enrollment
BUSI 3701 001/73338 T 2:40pm - 5:30pm
Room TBA
Bradford Cowgill 3 75/75

BUSI W3702 Venturing to Change the World. 3 points.

Interest in entrepreneurship has skyrocketed. Much of the growth in our modern economy is driven by scalable startups. The availability of cheaper building blocks has led to increase in startups, which have become exciting opportunities for potential founders and early employees. Beyond startups, established companies seek out new opportunities to sustain growth and competitive advantage. Social entrepreneurs are also employing entrepreneurial thinking to address major social and environmental issues. In short, entrepreneurial thinking is sought across industries and sectors. The goal of the course is to expose students to the intellectual foundations and practical aspects of entrepreneurship. We strive to sharpen students’ understanding of the entrepreneurial mindset, develop skills in generating ideas, identify and evaluate ideas, and understand the key steps and competencies required to launch a new venture. The course is appropriate for anyone with an interest in new ventures (e.g. tech ventures, social ventures). This includes not only potential entrepreneurs, but also those interested in the financing of new ventures, working in new ventures, or in broader general management of new or small organizations.

Spring 2017: BUSI W3702
Course Number Section/Call Number Times/Location Instructor Points Enrollment
BUSI 3702 001/25957 F 9:00am - 12:00pm
Room TBA
Damon Phillips 3 54/60

BUSI UN3703 Leadership in Organizations. 3 points.

Initially, the emphasis is on understanding the challenges confronting leaders and developing skills to effectively deal with these obstacles. Beyond intelligence and technical know-how, what separates effective leaders from other team members is a set of social skills (e.g. impression management, self-awareness). This course identifies these critical leadership skills and provides ideas and tools for improving them. Then, the course considers how social intelligence skills fit the needs of managers at different stages of their careers. In early stages, managers need to achieve a good person-job fit, find mentors, and build an effective social network. At the mid-career stage, managers need to lead an effective unit with increasing complexity and responsibilities. Finally, the course examines challenges managers face at later career stages as they become partners, CFOs, CEOs, etc. 

Fall 2017: BUSI UN3703
Course Number Section/Call Number Times/Location Instructor Points Enrollment
BUSI 3703 001/20998 W 2:40pm - 5:30pm
Room TBA
Rachel McDonald 3 28/60

ECON GU4280 Corporate Finance. 3 points.

Prerequisites: ECON W3211, ECON W3213 and STAT 1201.

An introduction to the economics principles underlying the financial decisions of firms. The topics covered include bond and stock valuations, capital budgeting, dividend policy, market efficiency, risk valuation, and risk management. For information regarding REGISTRATION for this course, go to: http://econ.columbia.edu/registration-information.

Spring 2017: ECON GU4280
Course Number Section/Call Number Times/Location Instructor Points Enrollment
ECON 4280 001/60890 T Th 1:10pm - 2:25pm
517 Hamilton Hall
Gailen Hite 3 56/65
ECON 4280 002/71516 T Th 4:10pm - 5:25pm
413 Kent Hall
Tri Vi Dang 3 78/75
Fall 2017: ECON GU4280
Course Number Section/Call Number Times/Location Instructor Points Enrollment
ECON 4280 001/26424 M W 1:10pm - 2:25pm
Room TBA
3 7/75
ECON 4280 002/75855 T Th 4:10pm - 5:25pm
Room TBA
Tri Vi Dang 3 1/75
ECON 4280 003/29772 T Th 10:10am - 11:25am
Room TBA
Steven Ho 3 0/75