School of Business

Faculty

Dean
 Donald S. Siegel, Ph.D.
  Columbia University

Associate Dean for Academic Programs
 
Hany A. Shawky, Ph.D.
  Ohio State University

Director of Undergraduate Student Services 
 Susan Maloney, M.B.A.
  University at Albany

Assistant Director of Undergraduate Student Services
 Jason C. Cotugno, M.S.
  University at Albany

Distinguished Professor Emeritus
 William K. Holstein, Ph.D.
  Purdue University

Professors Emeriti
 Donald D. Bourque, Ph.D.
  University of Washington
 Hugh T. Farley, J.D.
  American University
 Ronald W. Forbes, Ph.D.
  State University of New York at Buffalo
 Michael J. Kavanagh, Ph.D.
  Iowa State University
 Paul A. Leonard, Ph.D. (Collins Fellows)
  University of Oregon
 Charles M. Schaninger, Ph.D.
  University of Rochester
 Gary A. Yukl, Ph.D.
  University of California

Professors
 
Peter Duchessi, Ph.D.
  Union College
 Sanjay Putrevu, Ph.D.
  University at Buffalo 
 Hany A. Shawky, Ph.D.
  Ohio State University
 Thomas D. Taber, Ph.D.
  University of Illinois
 Giri Kumar Tayi, Ph.D.
  Carnegie Mellon University

Associate Professors Emeriti
 Donald D. Ballou, Ph.D.
  University of Michigan
 Salvatore Belardo, Ph.D.
  Rensselaer Polytechnic Institute
 W. Christian Buss, Ph.D.
  University of Pennsylvania
 William D. Danko, Ph.D.
  Rensselaer Polytechnic Institute
 David J. Marcinko, Ph.D.
  Boston College 
 Nicholas Mastracchio, Jr., Ph.D.
  Union College
 Lakshmi Mohan, Ph.D.
  Columbia University
 Harold L. Pazer, M.B.A.
  University of Washington
 John P. Seagle, Ph.D.
  Stanford University

Associate Professors
 Rita Biswas, Ph.D.
  Texas A. & M.
 Uday Chandra, Ph.D.
  Purdue University
 Indushoba Chengalur-Smith, Ph.D.
  Virginia Tech 
 Suraj Commuri, Ph.D.
  University of Nebraska at Lincoln 
 Jakov J. Crnkovic, Ph.D.
  University of Belgrade, Yugoslavia  
 Na Dai, Ph.D.
  University of Kansas
 Saurav K. Dutta, Ph.D.
  University of Kansas
 Cecilia Falbe, Ph.D.
  Columbia University 
 Ingrid Fisher, Ph.D.
  University at Albany
 Sanjay Goel, Ph.D.
  Rensselaer Polytechnic Institute
 Richard Johnson, Ph.D.
  University of Maryland 
 Janet H. Marler, Ph.D.
  Cornell University
 Paul Miesing, Ph.D.
  University of Colorado
 Saggi Nevo, Ph.D.
  York University
 Eliot H. Rich, Ph.D.
  University at Albany
 Paul H. Schurr, Ph.D.
  Northwestern University 
 David M. Smith, Ph.D.
  Virginia Tech
 Kinsun Tam, Ph.D.
  University of Connecticut
 Wei Zhang, Ph.D.
  University of Nebraska at Lincoln 

Assistant Professors
 Dennis Caplan, Ph.D.
  University of California, Berkeley
 Seok-Joo Chang
  University of Connecticut
 Kathy Enget, Ph.D.
  Virginia Tech
 Guy Dinesh Fernando, Ph.D.
  Syracuse University
 Justin Giboney, Ph.D.
  University of Arizona
 Yuan Hong, Ph.D.
  Rutgers University
 Alfred Liu, Ph.D.
  University of California, Irvine
 Louis Piccotti, Ph.D.
  Rutgers University
William Riccardi, Ph.D.
  Florida International University
 Richard Schneible, Ph.D.
  Syracuse University
 Yvonne Wang, Ph.D.
  Pennsylvania State University

Visiting Assistant Professors
 Martin L. Fogelman, Ph.D.
  University at Albany
 Raymond K. Van Ness, Ph.D.
  Union Institute & University

Lecturers
 Fabio Auffant, M.S.
  Champlain College
 Thomas Collura, J.D.
  Albany Law School of Union University
 Chandan DeSarkar, Ph.D.
  Southern Illinois University at Carbondale
 Marisa Lester, M.S.
  University at Albany 
 Michelle Moshier, M.S.
  University of Hartford
 Mary Wladkowsky, Ph.D.
  Northcentral University, Prescott Valley, Arizona 
 Peter J. Ross, M.B.A.
  University at Albany

Adjuncts (estimated): 15–20
Teaching Doctoral Assistants (estimated): 2–3



The School of Business offers degree programs at the undergraduate and graduate levels that prepare students to enter managerial and professional careers. All programs are accredited by the Association to Advance Collegiate Schools of Business (AACSB). The School is one of only three public universities in New York State to have dual AACSB accreditation in business administration and accounting.

All School of Business courses are preceded by the prefix letter B. The following School of Business courses are considered “Liberal Arts and Sciences” courses by the University: B BUS 250, B LAW 200, 220, B MGT 341, 430, 465, 481, B MKT 351, B ITM 215, 220. No more than six credits from these courses may be counted as “Liberal Arts and Sciences” courses by students majoring in business administration or accounting.

At the undergraduate level, the school offers Bachelor of Science (B.S.) degrees in accounting, business administration, and an interdisciplinary studies major with a concentration in financial market regulation. The B.S. degree is granted only to students who have been formally admitted to the School of Business prior to taking their upper division courses in business.

At the graduate level, the school offers a Master of Business Administration (M.B.A.), a Master of Science in Accounting (M.S.), and a Master of Science in Taxation (M.S.). The full-time M.B.A. is a two-year program open primarily to non-business undergraduates. A combined B.S./M.B.A. program (five years) is available to business students (Preprofessional Program). In addition, the School participates in the Information Science Ph.D. in cooperation with other academic units. Information on this graduate program is available in the Graduate Bulletin.

The UAlbany School of Business has developed a national reputation for the quality of its undergraduate programs. The school is unable to accommodate all undergraduate students who wish to enroll as upper-division majors.

Majors in Accounting or Business Administration

Application and Admission

The following guidelines have been developed as a means of selecting the best-qualified students to study accounting or business administration.

Initial Admission of Freshmen to the School of Business

All students admitted to the University for whose basis of admission is “FRESHMAN” can be admitted to the School of Business as Accounting or Business Administration majors by declaring their major as “School of Business.” To remain a School of Business major during the freshman and sophomore years, each student must meet the retention standards set by the School of Business. These standards require students to maintain a 3.25 overall average at the University at Albany and at least a 3.00 average for the designated admission core course categories taken at Albany.

To remain a School of Business major in Accounting or Business Administration, students must also have satisfactorily completed any five of the seven admission core course categories after three semesters at the University, and all seven of the admission core course categories after four semesters at the University. (Note: all core course categories not completed prior to matriculation must be taken at the University and graded on an A–E basis.) These categories are: (1) B ACC 211 (2) B ITM 215 (3) A MAT 108 or A ECO 320 (4) A ECO 110 (5) A ECO 111 (6) A PSY 101 and (7) A SOC 115 or A ANT 108. In addition, students must have completed a total of at least 56 degree applicable credits after four semesters at the University to remain a School of Business major.

Students’ records will be evaluated after their second semester, and those falling below the retention standards will receive a warning letter indicating they are in jeopardy of losing their status as a School of Business major. Students’ records will again be evaluated after their third and fourth semesters to determine that all of the above retention standards have been met.

Students not meeting these standards by the end of their fourth semester at the University at Albany are not guaranteed admission to the School of Business.

Students in the School of Business who have attained junior standing (i.e., 56 degree applicable credits) and who have met all the retention standards shall be eligible to enroll in the upper division School of Business courses. 

Direct Admission as Freshmen

A select group of freshmen will be offered admission to the School of Business Accounting or Business Administration majors without any additional conditions beyond those for continuing enrollment at the University. Such admission will be based on a review of the student’s performance in high school as reflected in grade point average (HSGPA) and performance on school-based tests such as Regents exams, scores on the SAT or ACT national exams; and a competitive rank in class. The minimum criteria for consideration will be a minimum score of 3,000 calculated as: HSGPA times 20 plus SAT score.

Students must complete the same set of business core course categories during their first two years that are required of all students in order to begin the upper division sequence of business courses in the junior year. The business core course categories must be completed with an average grade of at least C (2.00).

Direct admission as freshmen to the School of Business represents an act of confidence in a cadre of well-prepared students, and it is expected that these students will perform at the highest academic levels at the University at Albany. Students must meet University at Albany requirements for good academic standing to retain their enrollment in the School of Business.

Initial Admission of Transfers with Sophomore Standing or Above to the School of Business

All students whose basis of admission is “TRANSFER” can be admitted to the School of Business by declaring their major as either Accounting or Business Administration at the time of their application to the University as long as they will have met the following criteria:

Students must have completed a total of at least 32 degree applicable credits by the end of the spring semester preceding their summer or fall admission to the University, or by the end of the fall semester preceding their spring admission to the University. They must also have a final cumulative average of 3.25 or higher and have completed elsewhere a minimum of four of the designated admission core courses with at least a 3.00 average prior to matriculation.

To remain a School of Business major, students must achieve a minimum overall average at the University at Albany of at least a 3.25 and a minimum 3.00 average for the admission core course categories taken at Albany by the end of their second semester at this university. They must also have satisfactorily completed all seven of the admission core course categories after those two semesters. These categories are: (1) B ACC 211 (2) B ITM 215 (3) A MAT 108 or A ECO 320 (4) A ECO 110 (5) A ECO 111 (6) A PSY 101 and (7) A SOC 115 or A ANT 108. (Note: all core course categories not completed prior to matriculation must be taken at the University and graded on an A–E basis.) Additionally, they must have achieved 56 degree applicable degree credits after two semesters at the University.

Subsequent Admission to the School of Business

Students who did not declare their major as “School of Business” by the deadlines stated above but whose basis of admission is “FRESHMAN” or whose basis of admission is “TRANSFER” with fewer than 32 degree-applicable credits may directly apply (or reapply) for admission to the School of Business Accounting or Business Administration major once they have attained junior standing (i.e., 56 degree applicable credits) and have satisfactorily completed all seven of the admission core course categories. These categories are: (1) B ACC 211 (2) B ITM 215 (3) A MAT 108 or A ECO 320 (4) A ECO 110 (5) A ECO 111 (6) A PSY 101 and (7) A SOC 115 or A ANT 108.

(Note: all core course categories not completed prior to matriculation must be taken at the University and graded on an A–E basis.)

Other “TRANSFER” students who were admitted with 32 or more degree-applicable credits but who were not initially admitted to the School of Business may still be considered for admission within the following guidelines:

a. Students who can demonstrate that their previous transfer record would have qualified them for admission had they applied initially to the School of Business will be admitted under the conditions and criteria described above for other sophomore or junior transfers.

b. Students who do not initially qualify for admission as a transfer student to the School of Business may apply directly to the School of Business in the semester in which they will have completed 56 credits and all seven core course categories. Applications are available in the Office of Student Services in BB 201 on May 1st, June 1st, or December 1st and are due in that same office prior to the end of final exams for a fall, spring, and summer session.

Appeals

Special Admissions: Students not admissible by any of the established criteria but who believe they have extenuating circumstances may write a letter of appeal to the School of Business. Contact the Director of Undergraduate Student Services, BB 201, for the procedure.

Degree Requirements for the Major in Accounting

Required Liberal Arts & Sciences Courses
*A ECO 110 Principles of Economics I: Microeconomics 3
*A ECO 111 Principles of Economics II: Macroeconomics 3
Writing (A lower level writing intensive or writing and critical inquiry course) 3
*A PSY 101 Introduction to Psychology 3
*A SOC 115 Introduction to Sociology or
*A ANT 108 Introduction to Cultural Anthropology
3
Economics elective 300 level or above where A ECO 110 and 111 are prerequisites, excluding A ECO 320, 496, and 497 3
A MAT 106, 111, 112, 118, or equivalent Calculus 3
B MGT 341 Behavioral Foundations of Management 3
B BUS 300 Accounting and Communications 1
  25
General Education Requirements: as needed to fulfill University General Education Program requirements, minimum 30 credits; some credits may be filled by required Liberal Arts & Sciences or Business courses. (For clarification, see the General Education section of this Bulletin.)  
Other Liberal Arts & Sciences elective credit: total credits will vary based on courses selected for General Education requirements.  
Total Liberal Arts & Sciences credits 60
 
Business and Accounting Requirements
*B ACC 211 Financial Accounting 3
B ACC 222 Cost Accounting Systems For Managerial Decisions 3
B ACC 311 Financial Accounting Theory I 3
B ACC 312 Financial Accounting Theory II 3
B ACC 381 Financial Information Systems 3
B ACC 411 Financial Accounting Theory III 3
B ACC 440 Survey of Taxation 3
B ACC 461 Auditing 3
B LAW 220 Business Law 3
*B ITM 215 Information Technologies for Business 3
*A MAT 108 or A ECO 320 Statistics 3
B FIN 300 Financial Management 3
B FIN 301 Corporate Financial Policy and Strategy or B FIN 375 Money and Capital Markets or A ECO 350 Money and Banking 3
B LAW 321 Law of Business Organization 3
B MKT 310 Marketing Principles 3
B ITM 330 Improving Business Performance with Information Technologies 3
B MGT 481W Strategic Management 3
Total Business and Accounting Requirement Credits 51
Additional Business or Liberal Arts & Sciences Elective Credits 9
Total Graduation Credits (minimum) 120#


* These are Admission Core Course Requirements (see above).

Degree Requirements for the Major in Business Administration

The programs in business administration, combining a major-minor sequence, are designed for students planning careers in management science, marketing, and financial analysis, or a combination of these three major areas.

Required Liberal Arts & Sciences Courses
*A ECO 110 Principles of Economics I: Microeconomics 3
*A ECO 111 Principles of Economics II: Macroeconomics 3
Economics elective 300 level or above where A ECO 110 and 111 are prerequisites, excluding A ECO 320, 496, and 497 3
A MAT 106, 111, 112, 113, 118 (or equivalent) Calculus 3
*A PSY 101 Introduction to Psychology 3
*A SOC 115 Introduction to Sociology or
*A ANT 108 Cultural Anthropology
3
  18
General Education Courses: as needed to fulfill University General Education Program requirements, minimum 30 credits; some credits may be filled by required Liberal Arts & Sciences or Business courses. (For clarification, see the General Education section of this Bulletin.)  
Other Liberal Arts & Sciences Electives: total credits will vary based on courses selected for General Education requirements.

  


Minimum Total Liberal Arts & Sciences Credits


60

Business and Accounting Requirements
*B ACC 211 Financial Accounting 3
B ACC 222 Cost Accounting Systems For Managerial Decisions 3
B FIN 300 Financial Management 3
*B ITM 215 Information Technologies for Business 3
*A MAT 108 or A ECO 320 Statistics 3
B ITM 330 Improving Business Performance with Information Technologies 3
B LAW 220 Business Law or B LAW 200 Legal Environment of Business 3
B MKT 310 Marketing Principles 3
B MGT 341 Behavioral Foundations of Management 3
B MGT 481W Strategic Management 3
Credits in selected concentration 15 -21
Total Business and Accounting Requirement Credits 45 -51
Unrestricted Elective Credits: these may be Liberal Arts & Sciences courses or other electives 9 -15
Total Business and Unrestricted Elective Credits 60
Total Graduation Credits (minimum) 120

 
* These are Admission Core Course Requirements (see above.)

Approved Concentrations:
Entrepreneurship Concentration (18 credits): B BUS 400; B FIN 301, B FIN 404; B ITM 480; B MGT 483; B MKT 440.

Finance/Information Technology Management Concentration (18 credits): B FIN 301, B FIN 333, B FIN 375; B ITM 322, B ITM 331, B ITM 415Z.

Finance/Management Concentration (18 credits): B FIN 301, B FIN 333, B FIN 375; B MGT 430, 6 Credits B MGT 400-level electives.

Finance/Marketing Concentration (18 credits): B FIN 301, B FIN 333, B FIN 375; B MKT 351, 3 credits B MKT 300-level or B MKT 400-level elective, 3 credits B MKT 400-level elective.

Financial Analyst Honors Program Concentration (21 credits): B ACC 313; B FIN 380, B FIN 400, B FIN 410, B FIN 436, B FIN 485 or B FIN 470 if offered, B FIN 490Z.

Information Technology Management Concentration (15 credits): B ITM 322, B ITM 331, B ITM 415Z, B ITM 416, B ITM 434.

Management/Information Technology Management Concentration (18 credits): B ITM 322, B ITM 331, B ITM 415Z; B MGT 430, 6 credits B MGT 400-level electives.

Marketing Concentration (15 credits): B MKT 312, B MKT 351, 3 credits B MKT 300-level or 400-level elective, 6 credits B MKT 400-level electives.

Marketing/Information Technology Management Concentration (18 credits): B ITM 322, B ITM 331, B ITM 415Z;  B MKT 351, 3 credits B MKT 300-level or B MKT 400-level elective, 3 credits B MKT 400-level elective.

Marketing/Management Concentration (18 credits): B MGT 430, 6 credits B MGT 400-level electives; B MKT 351, 3 credits B MKT 300-level or 400-level elective, 3 credits B MKT 400-level elective.

Note: In order to complete concentrations in a timely manner it is necessary to follow specific course sequencing. For more detailed information on concentrations, consult Undergraduate Student Services in the School of Business.

Financial Analyst Honors Program

This program is designed to provide serious students of finance with the opportunity for a special educational experience in small seminars where they can develop their analytical and communication skills.

School of Business students may continue in the Honors Program at the end of the first semester of the junior year so long as they have achieved a cumulative grade point average (GPA) of at least 3.50 for:
(1) all courses taken through the first semester junior year, and
(2) the following four courses: B ACC 211, B ACC 222, B FIN 300, and B ACC 313.

NOTE: Students will be allowed to advance register for second semester junior year courses with the understanding that if they do not meet the minimum qualification for retention in the Honors Program, they will receive a letter informing them of their non-retention in the Honors Program and will be deregistered for courses in the program.

Maintenance of a minimum cumulative grade point average of 3.50 overall and a 3.50 in all courses required in the Honors sequence is required to remain in the program.

The Honors Program has a mandatory mentoring program and all students in the program will be matched with a mentor as assigned by Finance department faculty in consultation with the Office of Student Services. Students will retain the mentor relationship so long as they are registered in the program.

Required Honors Program courses for the concentration are:
B ACC 313; B FIN 380, B FIN 400, B FIN 410, B FIN 436, B FIN 470 or B FIN 485, B FIN 490Z.

Financial Analyst Honors Program Sequence:
Fall semester junior year:
B ACC 313 Financial Statement Analysis
B FIN 300 Financial Management (Required of all School of Business students)

Spring semester junior year:
B FIN 380 Investment Valuation and Analysis
B FIN 400 Financial Case Problems
B FIN 410 Fixed Income Securities Market

Fall semester senior year:
B FIN 490Z Financial Analysis Seminar and Thesis

Spring semester senior year:
B FIN 436 International Financial Management
B FIN 470 Special Topics in Finance or B FIN 485 Derivatives and Risk Management  

During the Financial Analysis Seminar and Thesis course, students will be required to present oral and/or written progress reports on their ongoing research and critique each other’s work. Each student must submit his or her senior honors thesis to the Finance faculty for review and eventual acceptance.

NOTE: Students who drop or are dropped from the Financial Honors Program at the end of their junior year will be allowed to use any completed courses in Finance toward a combined concentration in Finance/ITM, Finance/Management or Finance/Marketing after consultation with the School of Business undergraduate advisement personnel.

Students who successfully complete the courses in the Financial Analyst Honors Program and have a cumulative GPA of at least 3.50 will be awarded the Bachelor of Science with Honors in Financial Analysis, and will be recognized formally at the School of Business recognition ceremony in May. Students whose cumulative GPA is below 3.50 will be awarded the Bachelor of Science in Financial Analysis (without honors).

Preprofessional Program

This program is designed for outstanding Business Administration majors who wish to obtain the M.B.A. degree in five years. A formal application to the coordinated senior year must be submitted during the second semester of the junior year. Students must submit a Graduate Management Admission Test Score as a part of their application. Those interested in this program should contact the Director of Undergraduate Student Services, BB 201, for more specific information.

Liberal Arts and Sciences Requirements
Students should complete the following liberal arts courses to be considered for admission to the program: A ECO 110 and 111; A MAT 106 or 111 or 112 or 118 or equivalent; A PSY 101; A ANT 108 or A SOC 115, upper level ECO course, a writing intensive course, and additional required General Education courses.

Business Requirements
B ACC 211 Financial Accounting 3
B ACC 222 Cost Accounting Systems For Managerial Decisions 3
B FIN 300 Financial Management 3
B LAW 200 Legal Environment of Business or B LAW 220 Business Law 3
B MGT 341 Behavioral Foundations of Management 3
B MKT 310 Marketing Principles 3
B ITM 215 Information Technologies for Business 3
A MAT 108 or A ECO 320 Statistics 3
B ITM 322 Quantitative Analysis for Business Decisions 3
B ITM 330 Improving Business Performance with Information Technologies 3
Total 30

Combined Bachelor's/Master in Business Administration Program

The early M.B.A. option is designed for students majoring in selected areas of the liberal arts and sciences who wish to obtain the M.B.A. degree in five years. Undergraduates at the University at Albany may apply for early admission to the School of Business M.B.A. program during their junior year. Students interested in this option are encouraged to contact the Director of Undergraduate Student Services during their sophomore year.

Admission Requirements
1. By May of the junior year, an applicant must have completed the Graduate Management Admission Test and achieved a minimum score of 575.

2. During the fall of the junior year, students may make an appointment to see the Director of Undergraduate Student Services to discuss the application/admission criteria.

3. During the spring of the student’s junior year, the student must submit an application for admission to the early admission M.B.A. option. Applications are available in the Graduate Studies Office in the University Administration Building Room 121 (all application criteria in effect for the M.B.A. Program must be followed).

4. At the conclusion of the junior year, an applicant for the early-admission program must have achieved a cumulative GPA at the University at Albany of 3.30.

5. Students may not be admitted to this option if 100 or more undergraduate degree credits have been accumulated.

6. Completed applications must be returned to the Graduate Studies Office in the University Administration Building Room 121. All applications will be reviewed and processed by the Graduate Affairs Committee. Applicants will be interviewed by the GAC as part of an admission process.

7. At the end of the 120 credits used for the B.S. or B.A., the cumulative grade point average at Albany must be at least 3.00.

Liberal Arts and Science Requirements
Students should complete the following liberal arts courses to be considered for admission to the program. A ECO 110 and 111; A MAT 106 or 112 or equivalent; A PSY 101; A ANT 108 or A SOC 115; upper level ECO course; a writing intensive course, and additional General Education requirements.

Requirements: Undergraduate Courses
1. General Education Requirements (See section on General Education included under Requirements for Bachelor's Degree at the beginning of this Bulletin.)

2. Major Requirements  (36 or more credits.)

Approved Bachelor's Degree/Master of Business Administration Programs

College of Arts and Sciences
Africana Studies (General Program: B.A.)
Anthropology (General Program: B.A.)
Art (General and Departmental Programs: B.A.)
Biology (General Program: B.A. degree only)
Economics (General Program: B.A. degree only)
English (General Program: B.A.)
Geography (General Program: B.A.)
History (General Program: B.A.)
Linguistics (General Program: B.A.)
Mathematics (General Program: B.A.)
Music (General and Departmental Programs: B.A.)
Philosophy (General Program: B.A.)
Psychology (General Program: B.A.)
Rhetoric and Communication (General Program: B.A.)
Sociology (General Program: B.A.)

College of Computing and Information
Computer Science (General Program: B.A. degree only)

School of Criminal Justice
Criminal Justice (General Program: B.A.)

Nelson A. Rockefeller College
Political Science (General Program: B.A.)