Vision Statement

The Sam M. Walton College of Business is a nationally competitive business school that connects people with organizations and scholarship with practice by combining excellent student learning experiences with quality research serving Arkansas and the world.

Core Values

Excellence: We strive for excellence in all we do.

Professionalism: We believe organizational practices must be built on an ethical foundation and high standards of professional behavior.

Innovation: We value creativity, innovation, and entrepreneurial spirit.

Collegiality: We believe in working together to examine situations and ideas from diverse perspectives.

Mission Statement

The Walton College, the flagship business school of the state of Arkansas, has a three-fold mission:

Teaching Educate a diverse population of students in bachelor’s, master’s, and doctoral programs to be tomorrow’s business, community, and academic leaders.

Research Discover and disseminate knowledge through our research to support excellence and innovation in organizations.

Service Share our business expertise in support of our state, our professions, and the academic community.

The Walton College offers degree programs for undergraduate students and for graduate students at both the master’s and doctoral levels.

The Walton College is housed in four modern buildings supporting on-campus programs. These attractive facilities provide technology-equipped classrooms and eight state-of-the-art computer laboratories for both for business classes and individual use. The buildings also house faculty and administrative offices, an honors program study area with computer access, the Walton College Career Center, and a large study room equipped for individual as well as group studying.

The library of the college is part of the general University Libraries and is housed in Mullins Library. The business and economics collection comprises approximately 55,000 volumes and makes this library one of the best in the region.

Walton College also operates centers for research, outreach, and public service. Information about these centers may be found in the University Centers and Research Units section of this catalog. Walton College centers include the following:

• Arkansas Household Research Panel
• Applied Sustainability Center
• Bessie B. Moore Center for Economic Education
• Center for Business and Economic Research
• Center for Management and Executive Education
• Center for Retailing Excellence
• Garrison Financial Institute
• Information Technology Research Center
• Supply Chain Management Research Center
• Small Business Development Center

Undergraduate students may pursue curricula leading to one of the following degrees: Bachelor of Science in Business Administration (B.S.B.A), Bachelor of Science in International Business (B.S.I.B.). In each of these degree programs, the pre-business requirements must be completed before students may enroll in upper division business courses. Students in Walton College may pursue an academic minor in business or in the J. William Fulbright College of Arts and Sciences. Walton College also offers business minors for business and non-business students. Degree programs and minors are outlined below.

Majors with Concentrations

• Accounting
• Economics
  • Business Economics
  • International Economics and Business
• Finance
  • Banking
  • Financial Management/Investment
  • Insurance
  • Real Estate
  • Personal Financial Management
• General Business
• Information Systems
  • Management
  • Human Resource Management
  • Small Business and Entrepreneurship
  • Organizational Leadership
• Marketing
  • Marketing Management
  • Retail Marketing
• Transportation

Minors

• Accounting
• Business Economics
• Enterprise Resource Planning
• Finance
• Financial Economics
• Information Systems
• Management
• Marketing
• Transportation

Cooperative Education

Cooperative education (co-op) is an academic program that enables students to gain degree-related experience prior to graduation. It is a planned, progressive educational strategy in which the student obtains work experience related to his or her academic major and career goals. Participating students earn academic credit for their work experiences and are always paid by their employers. Co-op students can maintain their status as full-time students while participating in the program, even if their co-op experience requires they spend a semester working full-time.

Walton College students are eligible for co-op credit if they have 1) completed the pre-business core and have obtained at least 60 hours of credit, 2) a cumulative grade-point average of 2.5 or better, and 3) a grade-point average of 2.5 or better for the last full-time term completed. Students may receive one hour of credit per semester for a job that requires 12-19 hours of work per week or two hours of credit per semester for a job that requires 20 or more hours per week. A maximum of six hours of degree credit may be awarded as a junior- senior-level business elective. Full-time students who work 40 hours or more per week in internships approved by the co-op education academic coordinator are eligible for three hours of academic credit per semester, or per full summer, provided they have a minimum GPA of 2.75, as well as having received a GPA of at least 2.75 in the prior full-time semester.

Students may seek either to qualify a job they have found themselves for co-op credit, or they may seek an employment opportunity through the Walton College Career Center, WJWH 226. The employment opportunity may be either a full-time, off-campus work assignment that alternates with semesters spent on campus taking courses (an alternating co-op), or it may be a part-time job undertaken concurrently with course work (a parallel co-op). Once a student has been matched with an approved job, the co-op coordinator, the faculty co-op adviser, the student’s work place supervisor, and the student work together to formulate career-related learning objectives for the coming semester of work. These objectives must be in writing and in to the cooperative education coordinator in order for a student to be registered for co-op. At the end of each semester of work, the student is required to submit a three- to ten-page paper (depending on credit hours to be received) that re-states the student’s learning objectives for the semester and discusses how the job experience fulfilled the objectives. The student is also required to submit an employer evaluation form, and the work supervisor is asked to submit an evaluation of the student’s work.

For information on participating in Walton College co-op program, a current listing of co-op opportunities, and phone numbers of people with whom you may discuss these opportunities, visit the Cooperative Education home page on the Web at http://waltoncollege.uark.edu/coop/.

All students admitted to the University of Arkansas, Fayetteville, are eligible for admission to the Sam M. Walton College of Business. Students will be required to follow the degree program requirements set forth in the catalog corresponding to the student’s first semester in Walton College, not the first semester of enrollment at the University of Arkansas.

High school graduates who expect to enroll in Walton College are encouraged to apply for scholarships made available to freshmen by individuals, business firms, and organizations. Also available to freshmen, regardless of degree program, are freshmen academic scholarships. Current Walton College students may apply for both college and departmental scholarships beginning in January of each year for the following academic year. Information on these financial awards may be secured from the University Scholarship Office and the Walton College Undergraduate Programs Office.

In addition to the general university student organizations, Walton College Student Ambassadors, Study Abroad Ambassadors, and a Business Dean’s Student Advisory Board, there are several college societies open to Walton College students. These include the following:

• Alpha Kappa Psi (business professional)
• American Marketing Association
• Assoc. of Information Technology Professionals
• Beta Alpha Psi (accounting honorary and professional)
• Beta Gamma Sigma (business honorary)
• Economics Club
• Finance Club
• National Association of Black Accountants
• Omicron Delta Epsilon (economics honorary)
• Human Resource Management Association
• Transportation and Logistics Association

Pre-Business Requirements

Students pursuing a degree in Walton College are classified as pre-business with an intended major until all pre-business requirements are fulfilled. The following policies apply to the pre-business program:

To be eligible to enroll in upper-division business courses in Walton College, a student must complete the Walton College computer competency requirement (WCOB 1120) and maintain at least a 2.50 (on a 4.00 scale) overall grade-point average (GPA) in addition to completing the 42 credit hours listed below of pre-business core courses (or their equivalents), also with at least a 2.50 GPA. Further, a student must complete all courses offered to meet this requirement with a grade of “C” or better or the requirement for graduation. The pre-business core courses are as follows:

COMM 1313 Fundamentals of Communication
ECON 2013 Principles of Macroeconomics
ECON 2023 Principles of Microeconomics
ENGL 1013 Composition I
ENGL 1023 Composition II
MATH 2043 Survey of Calculus
MATH 2053 Finite Mathematics
WCOB 1111 Freshman Business Connections
WCOB 1012 Legal Environment of Business
WCOB 1023 Business Foundations
WCOB 1033 Data Analysis and Interpretation
WCOB 2013 Markets and Consumers
WCOB 2023 Production and Delivery of Goods and Services
WCOB 2033 Acquiring and Managing Human Capital
WCOB 2043 Acquiring and Managing Financial Resources

Students’ records will be evaluated each semester to determine whether a student should be moved to a major and have pre-business classification removed. After receiving notification that a student has been admitted into his or her major, the student is expected to arrange for a degree check by the Undergraduate Programs Office to ascertain remaining degree requirements.

Registration in Junior/Senior-Level Walton College Courses

Walton College students must complete the pre-business requirements prior to enrollment in junior- or senior-level courses in Walton College. Non-degree seeking students and students enrolled in other colleges are subject to the same course prerequisites as students within Walton College. Specific exceptions to this policy must be addressed to the associate dean for academic affairs in Walton College or his designee.

Restrictions on General Education Electives: Only six hours total of general education electives will be allowed in Physical Education Activity (PEAC) or Dance Education Activity (DEAC) courses.

Transfer of Credit Policies

In addition to the University policies controlling the granting of credit for course work taken at other institutions, the following policies apply to transfer work applied to any undergraduate business program:

1. Transfer students considering admission to pursue a major in Walton College must have completed the pre-business courses and requirements listed above and have a 2.50 (on a 4.00 scale) cumulative grade-point average in the pre-business courses and in his or her overall grade-point average. Transfer students will be classified as pre-business students until pre-business core requirements have been completed.
2. A pre-business and overall grade-point average for courses accepted for transfer by the University of Arkansas will be calculated and used to evaluate the completion of the pre-business requirements by students transferring courses from other institutions.
3. Unless exceptions are granted at the time of admission to the University of Arkansas, transfer courses accepted by the University will not be accepted by Walton College for degree purposes unless a grade of “C” or better has been earned in each of these courses. (See the Admission chapter.)
4. A transferred course cannot carry more degree hours than are available in a similar University of Arkansas course. For example, a fourhour principles of economics course transfers as three degree hours.
5. Business courses completed at the freshman or sophomore level at another institution will not count as equivalents of junior- or seniorlevel courses offered in Walton College (University of Arkansas), and no transfer credit shall be granted for any such course(s) in Walton College.
6. At least 50 percent of program requirements in business and economics must be taken in residence.
7. All courses within a student’s major and Business Strategy and Planning (WCOB 3016) must be taken in residence at the University of Arkansas, Fayetteville.
8. Junior- or senior-level core courses in business and economics may be transferred from a school accredited by AACSB Interna-tional.
9. Junior- or senior-level core courses taken at a non-AACSB International- accredited, four-year institution must either be repeated or validated by procedures specified and approved by the assistant dean for undergraduate programs.
10. Junior- or senior-level electives in business and economics taken at a non-AACSB International-accredited, four-year institution may be accepted in transfer as junior/senior business electives.
11. Junior- or senior-level courses in business taken by correspondence at AACSB International or non-AACSB International institutions may not be accepted and transferred for degree credit unless the course is approved by the student’s department chair and the associate dean.
12. If a student takes courses with different names but with similar content at different institutions or in different colleges within the University of Arkansas, degree credit will be allowed for only one of the courses, for example, principles of economics and agricultural economics.
13. Courses taken at any higher education institution where the course content is remedial are not acceptable for degree credit.
14. The student should be prepared to submit course descriptions, syllabi, or other course-related information for transfer course work if there is any question as to whether Walton College will grant degree credit for such work.
15. Exceptions: All requests for, exceptions to, and variations from the rules, regulations, and requirements of Walton College and the university should be made in writing to the associate dean for academic affairs of Walton College or his designee. Consult the Undergraduate Programs Office in Walton College for these requests.

Course Loads

The normal course load in Walton College is 15 to 17 hours per semester (and six hours per summer term). Students with a 2.75 grade-point average the previous semester may take a maximum of 18 hours. Seniors may take 18 to 19 hours, if required for graduation, during their final semester. Students on academic warning are limited to a maximum course load of 12 hours. University regulations on the number of hours allowed per semester are found in the Orientation and Registration section of this catalog.

Foreign Language Concentration

An undergraduate B.S.B.A. degree-seeking student may elect to substitute 12 hours in a single upper-level foreign language for 12 to 15 of the 15 hours required in the junior-senior business elective block of courses for the degree requirements.

Double Major

A student may elect to obtain a double major by completing all required courses for two majors in Walton College (but not in two concentrations within a single major). The minimum hour requirement for a double major is 138 degree credit hours to include all requirements for both majors. If there are courses common to both majors, the department chairs involved will agree upon and specify additional requirements in lieu of the common courses. The junior/senior business elective block is reduced by three hours; however, choice of the junior/senior business electives is restricted to no more than three total hours from each department that offers the two majors. Students who have elected to substitute a foreign language course of study for junior/senior business electives must complete 12 hours of junior/senior language courses.

The student must notify the Undergraduate Programs Office in Walton College of intent to pursue a double major. All requirements for double majors must be completed prior to awarding of a degree.

Additional Bachelor’s Degrees

Students seeking a second bachelor’s degree must contact the Undergraduate Programs Office to ascertain specific requirements. Degree candidates must meet the university’s general graduation requirements. The university requires that 1) the student take a minimum of 30 semester hours over the requirements for the first degree, and 2) the 30 hours cover a minimum of 36 weeks in residency at the Fayetteville campus. Walton College also requires that the student complete all courses in the pre-business and business core and the major and any additional business requirements (if some of these have been completed on the first degree, they are waived). It is recommended that any additional courses needed to finish the University’s 30-hour requirement be junior or senior business electives. The second degree may be taken after the first is awarded, or both degrees may be awarded simultaneously after completion of all requirements for both.

College Graduation Requirements

1. University Requirements. Degree candidates must meet the following: the University’s general entrance requirements, number of credit hours required in residence, and the “requirements for graduation,” including the University Core American history, and English proficiency.
2. Hour Requirements. Degree candidates must satisfactorily complete the total number of semester hours specified for the curriculum in courses approved for one of the majors outlined in the succeeding pages. No less than 50 percent of the total credits must be in approved subjects other than business.
   NOTE: Not all courses offered by the University will be accepted for degree credit by Walton College. Courses falling into this category are ANTH 0003, PHSC 0003, ARSC 0013, ENGL 0003, and MATH 0003. Developmental courses are defined as 1) any course so designated by the university, and 2) any lower-division course taken after a higher-level course is taken. Credit will not be given for duplicate course work.
3. Grade Requirements. Students must earn a grade of “C” or better in all pre-business core course requirements. Each student must have a 2.00 cumulative GPA in each of the following areas:
   1. All work completed at the University of Arkansas.
   2. All courses specifically designated for the major.
   3. All required business core courses and required economics courses.
4. General Education Course Work. A student’s general education course work must satisfy University Core Requirements, additional college/program course-specific requirements, as well as these two area requirements:
   1. Social Issues, Multicultural Environment, and Demographic Diversity. Courses that satisfy these area requirements are:
      ANTH 1023 Intro. to Cultural Anthropology (Univ. core)
      SOCI 2013 General Sociology (Univ. core)
      SOCI 2033 Social Problems (Univ. core)
      HIST 1003 Institutions and Ideas of Western Civilization (Univ.core) previously called WCIV 1003
      HIST 1013 Institutions and Ideas of Western Civilization II (Univ. core) previously called WCIV 1013
      GEOG 1123 Human Geography (Univ. core)
      Any Foreign Language (Univ. core, if 2000-level or above, general education elective otherwise)
   2. Micro and Macroeconomics. If a student has not satisfied these area requirements within the fine arts and/or social sciences areas of the university core, these area requirements must be satisfied through general education electives to allow students to complete degree requirements within the hours indicated above. Courses that satisfy these area requirements are:
      ECON 2013 Principles of Macroeconomics (business core)
      ECON 2023 Principles of Microeconomics (business core)
   3. NOTE: Many of these courses will also satisfy University Core Requirements. Where possible, a student should select courses that satisfy both requirements.
5. Residency Requirements. The senior year’s curriculum (last 30 hours) in business must be taken in residence. In addition, the student’s major requirements (or the degree equivalent) and WCOB 3016 must be completed in residence. Specifically required junior or senior courses in business or economics must be taken at the University of Arkansas or at an AACSB-accredited school. At least 50 percent of the total hours in business and economics must be taken in residence.
6. Correspondence Course Rules. No more than 18 hours of course work taken by correspondence may apply toward a degree. These 18 hours may not include more than 12 hours of courses in economics or business.
7. Catalog/Curriculum Changes. Business is a dynamic profession, and the college and department curricula are updated continuously to keep pace with changes in the business world. Students entering under this catalog will be required to comply with such curricular changes to earn their degree. The total number of hours required for the degree, however, may not be increased, and all work completed in accordance with this catalog prior to the curriculum change will be applied toward the student’s degree requirements. Furthermore, courses incorporated into the curriculum at a level lower than the one the student has completed are not required for that student unless there are specific prerequisites. Students entering under earlier catalogs are responsible for completing the graduation requirements as published in the catalog in effect when they entered the program. Students having interruptions of their academic programs that exceed two calendar years must complete the requirements published in the catalog in effect when they re-enter the program. Exceptions to the graduation requirements must be approved by the senior associate dean for academic programs and research or his designee and the appropriate department chair.

Graduation with Honors

The bachelor’s degree Summa Cum Laude (with highest honors), Magna Cum Laude (with high honors), or Cum Laude (with honors) may be conferred only upon those students who have successfully completed the Walton College Honors Program. Both Walton Scholars and Departmental Scholars are eligible for these designations. Students whose cumulative grade-point average place them in the top 10 percent of their graduating class but who have not completed the Honors Program are eligible for the designation “With Distinction” on their official transcript. Among those students completing the Honors Program, the designations Summa Cum Laude, Magna Cum Laude and Cum Laude shall be determined as follows:

• Top 20 percent of students completing the Honors Program: Summa Cum Laude
• Next 30 percent of students completing the Honors Program: Magna Cum Laude
• Next 50 percent of students completing the Honors Program: Cum Laude

No honors degree will be conferred upon a candidate who has not completed at least 50 percent of his or her degree work at the University of Arkansas or who, in the last four semesters of attendance, has a cumulative grade-point average of less than 3.00 or has received a “D” or “F” in any course in the last semester. Certain other requirements will be outlined on request by the dean of the College.

The Walton College offers an eight-semester degree-completion program. In each of the majors listed in this chapter, at least one eight-semester schedule is shown. Some majors offer several concentrations, and eight-semester programs are available for each of the concentrations. For a full list, go to all available Fields of Study.

See also the Eight-Semester Degree Completion Policy in the Academic Regulations chapter for more information.

Walton College honors program consists of two components: the fouryear Walton Scholars Program and the Departmental Scholars Program. Students participating in the honors program will be eligible to graduate Cum Laude, Magna Cum Laude, or Summa Cum Laude. Students who do not participate in the honors program are eligible to graduate with distinction, a classification separate from the Cum Laude awards. Honors program students will receive priority for participation in the Arkansas Cooperative Education Program, SAKE, the portfolio management class, and financial support for study-abroad programs. They also have access to an honors study area.

Eligibility for the Honors Program

Admission will be offered to incoming freshmen with an ACT of 28 or higher and a high school GPA of 3.75. Students are required to maintain a cumulative GPA of 3.50 to remain in the program.

Requirements for Walton Scholars Program

1. Complete 17 of 35 University Core hours in honors courses to be selected from the University Core or from 1000- or 2000-level WCOB core courses (excluding WCOB 1111H). MATH 2554 and MATH2564 also count toward this requirement.
2. Demonstrate proficiency in a foreign language. This requires 0 to 12 hours of course work. Students may demonstrate proficiency by completing the 2013-level course in any foreign language.
3. Complete nine credit hours of honors courses in Walton College to include the following:
   1. One three-hour college colloquium. This is an interdisciplinary course with topics appealing to a wide range of majors. The subject matter changes annually and is targeted to juniors.
   2. One three-hour departmental colloquium: Each department will offer one departmental colloquium each year. It is designed for seniors.
   3. A three-hour thesis: The thesis is a major independent writing project and arises from an international study experience, an internship, or working with a professor on research.
4. Complete an alternate honors capstone course WCOB 3016H, Business Strategy and Planning.

Requirements for the Departmental Scholars Program

1. Complete nine hours of honors courses to be selected from the University Core or from 1000- or 2000-level WCOB core courses (excluding WCOB 1111H) and demonstrate proficiency in a foreign language by completing a 2003 course in any foreign language.
2. Complete nine hours of honors courses in Walton College to include:
   1. One three-hour college colloquium
   2. One three-hour departmental colloquium
   3. A three-hour thesis.

Bachelor of Science in Business Administration (B.S.B.A.)

The Bachelor of Science in Business Administration degree is offered through an educational program in the business and organizational disciplines intended to prepare individuals to make sustained contributions to organizations and society in a global, diverse, and dynamic environment. To achieve this objective the curriculum focuses on developing an individual’s interdisciplinary problem-solving skills, interpersonal and communication skills, ability to adapt to changing technology, spirit of entrepreneurial innovation, and ethical and professional values.

Walton College offers work in the following eight majors for the B.S.B.A. degree. Some majors have concentrations to allow additional specialization.

1. Accounting (ACCT)
2. Business Economics (BECO)
   1. Concentration I – Business Economics
   2. Concentration II – International Economics and Business
3. Finance (FINN)
   1. Concentration I – Banking
   2. Concentration II – Financial Management/Investment
   3. Concentration III – Insurance
   4. Concentration IV – Real Estate
   5. Concentration V – Personal Financial Management
4. General Business (GBUS)
5. Information Systems (ISYS)
6. Management (MGMT)
   1. Concentration I – Human Resource Management
   2. Concentration II – Small Business and Entrepreneurship
   3. Concentration III – Organizational Leadership
7. Marketing (MKTG)
   1. Concentration I –Marketing Management
   2. Concentration II – Retail Marketing
8. Transportation (TRNS)

Requirements for B.S.B.A. Degree

Students pursuing a degree in Walton College are classified as pre-business with an intended major until all pre-business requirements are fulfilled. To enroll in upper-division courses, a student must obtain at least a 2.50 (on a 4.00 scale) overall grade-point average in addition to the completion of all pre-business core courses (or equivalents), also with a minimum 2.50 GPA. Further, a student must earn a grade of “C” or better in each pre-business core course for admission into the major or for the graduation requirement.

(Total is less than the sum of the categories because some courses count in two categories.)

**Pre-Business requirement: These 42 hours must be completed with a GPA of 2.50, an overall GPA of 2.5, and a grade of “C” or better in each course before a student is allowed to take upper-division business courses.

In addition to the core courses, each student will complete the required major courses, junior- senior-level business electives, and electives specified by each major.

Each student must have a 2.00 cumulative grade-point average in each of the following areas: all work completed at this university, all courses specifically designated for the major, and all required Walton College core and economics courses. Students must earn a grade of “C” or better in each of the pre-business core courses.

Bachelor of Science in International Business Degree (B.S.I.B.)

The Bachelor of Science in International Business degree is intended for students who wish to learn more about the international aspects of business. It provides preparation for a broad range of careers in business, including accounting, management, marketing, economics, information systems, finance, and transportation and logistics. This degree is also well suited for students wishing to continue their studies in law, international affairs, or graduate education in business and economics.

This degree requires completion of the University Core and Walton College Core courses, as well as course work in international business, a single foreign language and an area of study related to that language. In addition, students must select a concentration in one of the following areas: accounting, business economics, information systems, finance, general business, management, marketing, or transportation and logistics.

Students pursuing a degree in the Sam M. Walton College of Business are classified as pre-business with an intended concentration until all pre-business requirements are fulfilled. For admission into the intended concentration, a student must obtain at least a 2.50 (on a 4.00 scale) overall grade-point average, in addition to the completion of all pre-business core courses listed elsewhere in the catalog (or equivalents), also with a minimum 2.50 gradepoint average. Further, a student must earn a grade of “C” or better in each of the pre-business core courses for admission into the major or for the graduation requirement.

Graduation Requirements for the B.S.I.B. Degree

Each student must have a 2.00 cumulative grade-point average in each of the following areas: all work completed at this university, all courses in the business core, and all designated international business courses/functional concentration/ foreign language courses. In addition, students must earn a grade of “C” or better in each of the pre-business core courses.

Clarifying Notes on Degree Requirements

1. Courses that are required in either Walton College or the international business core and also are required in one of the business concentrations cannot be used to satisfy both requirements. For example, students who take FINN 3703 to satisfy the finance concentration requirements cannot also use it to satisfy the international business requirements.
2. Students who select ECON 2013 and ECON 2023 to partially satisfy the social science bloc and FLAN 2003 to partially satisfy the fine arts and humanities bloc of the University Core Requirements can complete the degree with 125 hours. Students selecting other courses to satisfy these requirements will have longer programs.

Bachelor of Science International Business

For more information on the Bachelor of Science in International Business, view the B.S.I.B. Eight-Semester Degree Program.

Students in Walton College may pursue an academic minor in the J. William Fulbright College of Arts and Sciences. Academic minors usually consist of 15 to 18 hours of course work. The available minors and course requirements are specified in the Fulbright College section of this catalog. Students must notify the Undergraduate Programs Office in Walton College of their intention to pursue a minor as early as possible. Walton College will certify that the requirements of the minor have been satisfied by graduation and, with the assistance of the Fulbright College, will advise students on the requirements to complete a minor. The minor will be designated on the student’s transcript.

Courses that are part of the University Core Requirements or the additional General Education Requirements or any other non-business course that is part of a student’s course of study may also be counted for credit in a minor. For example, ANTH 1023 Introduction to Cultural Anthropology, is a concentration in the B.S.B.A. social science bloc and can also be used to satisfy the requirements of the anthropology minor. Other courses in a minor can be counted as general education electives. Walton College economics majors in the business economics concentration or the international economics and business concentration may not obtain a Fulbright College minor in economics.

Business Administration Minors for Non-Business Students

To facilitate students outside Walton College in obtaining knowledge that will assist them in making sustained contributions to organizations and society in a global, diverse, and dynamic environment, the Walton College offers a business minor. The minor requires completion of 20 to 21 required hours of study (including equivalencies) with at least 50 percent of the courses applied toward the minor taken in residence. Each student must have a 2.00 cumulative grade-point average in the courses offered for the minor. All students seeking a business minor are required to complete the Walton College computer competency requirement (WCOB 1120) and the following courses:

ECON 2143 Basic Economics Theory and Practice
WCOB 1023 Business Foundations
WCOB 1033 Data Analysis and Interpretation or equivalent
In addition, students must select and complete one of the following concentrations:

Concentration 1 – General Business
Select 12 hours from the following courses
(at least 6 hours must be at the 3000 or 4000 level).
WCOB 1012 Legal Environment of Business
WCOB 2013 Markets and Consumers
WCOB 2023 Production and Delivery of Goods and Services
WCOB 2033 Acquiring and Managing Human Capital
WCOB 2043 Acquiring and Managing Financial Resources
Plus any other 3000- or 4000-level Walton College course

Concentration 2 – Accounting
ACCT 3013 Accounting View of Economic Events
ACCT 3613 Managerial Uses of Accounting Info
Plus an additional six hours selected from the following:
ACCT 3533 Accounting Technology
ACCT 3723 Intermediate Accounting I
ACCT 3843 Fundamentals of Taxation

Concentration 3 – Business Economics
ECON 4333 Economics of Organizations
Plus an additional nine hours of 3000- or 4000-level business economics courses.

Concentration 4 – Enterprise Resource Planning
WCOB 2013 Markets and Consumers
WCOB 2043 Acquiring and Managing Financial Resources
WCOB 4213 ERP Fundamentals
Plus an additional six hours from the following:
ISYS 4233 Seminar in ERP Development
ISYS 4293 Business Intelligence
WCOB 4223 Configuration and Implementation

Concentration 5 – Enterprise Systems
ISYS 4453 Introduction for Enterprise Servers
ISYS 4463 Enterprise Transaction Systems
Plus an additional three hours from the following:
ISYS 4233 Seminar in ERP Development
ISYS 4293 Business Intelligence
ISYS 4133 Business Development
WCOB 4213 ERP Fundamentals
WCOB 4223 Configuration and Implementation

Concentration 6 – Finance
WCOB 2043 Acquiring and Managing Financial Resources
Plus an additional nine hours of 3000-40000 level finance courses

Concentration 7 – Information Systems
ISYS 3293 System Analysis and Design
ISYS 3393 Business Applications and Visual Basic
Plus an additional three hours from the following:
WCOB 4213 ERP Fundamentals
WCOB 4223 Configuration and Implementation
One 3 hour 4000 level ISYS course

Concentration 8 – International Business
Select 12 hours from the following:
ECON 3843 Economic Development, World Bank, and Multilateral Finance
ECON 3853 Emerging Markets
ECON 3933 The Japanese Economic System
ECON 4633 International Trade
ECON 4643 International Macroeconomics and Finance
ECON 4653 Global Competition and Strategy
ECON 468V International Economics and Business Seminar
FINN 3703 International Finance
MGMT 4583 International Management
MKTG 4633 Global Marketing
TLOG 4643 International Transportation and Logistics

Concentration 9 – Management
MGMT 4243, Ethics and Corporate Responsibility
Plus an additional nine hours of 3000/4000 level management courses (may include WCOB 2033, Acquiring and Managing Human Capital OR MGMT 3563, Organizational Behavior)

Concentration 10 – Marketing
MKTG 3433 Introduction to Marketing Strategy
Plus an additional nine hours selected from the following:
MKTG 3533 Promotional Strategy
MKTG 4343 Selling and Sales Mgmt.
MKTG 3633 Marketing Research
MKTG 3553 Consumer Behavior
MKTG 4633 Global Marketing
MKTG 4433 Retail Strategy
MKTG 4443 Retail Buying and Merchandise
TLOG 3613 Business Logistics

Concentration 11 – Transportation and Logistics
TLOG 3443 Principles of Transportation
TLOG 3613 Business Logistics
Plus an additional six hours selected from the following:
TLOG 3623 Purchasing and Inventory Systems
TLOG 4633 Transportation Carrier Management
TLOG 4643 International Transportation and Logistics
TLOG 4653 Transportation and Logistics Strategy

In addition to the above course requirements, non-business, degree-seeking students working toward a minor should note the following:

1. Students who elect to obtain a business minor must provide written notice of their intent to the dean’s office of the college in which they are receiving a degree. This notice and all requirements for the business minor must be completed prior to the awarding of the student’s undergraduate degree.
2. Business minor students must complete all 1000- and 2000-level courses required for the business minor and be a junior- or senior-level student to enroll in 3000- or 4000-level business courses.
3. All specific course prerequisites must be met. Although business minor students are not required to satisfy the entire pre-business core, they must complete the required courses and any other prerequisite course specified prior to enrolling in a 3000/4000-level course.
4. ECON 2143 will substitute for ECON 2013/2023 for prerequisite purposes. In addition, students who take both ECON 2013 (Macroeconomics) and ECON 2023 (Microeconomics) will satisfy the economics requirements of the minor.
5. Business minor students are ineligible to take WCOB 3016 Business Strategy and Planning.
6. All equivalencies must be approved by the senior associate dean for academic programs and research or his designee.

The University of Arkansas offers the following advanced degrees in business: Master of Accountancy, Master of Business Administration, Master of Arts in Economics, Master of Information Systems, Doctor of Philosophy in Business Administration, and Doctor of Philosophy in Economics.

For further information about these programs and requirements for admission, see the Graduate School Catalog or write to the assistant director of marketing and recruiting, Graduate School of Business, 475 WJWH.

The college has been a member of and accredited by AACSB International – The Association to Advance Collegiate Schools of Business since 1931. The accounting program was accredited separately in 1986 at both the bachelor’s and master’s level. The master’s degree in the business administration program was approved in 1963. Accreditation by and membership in AACSB signifies commitment by the college to the goals of promoting and actualizing the highest standards of business education.