Business (Major, Minor)

Business and Economics Department

Pamela O'Brien, Dean, School of Arts, Sciences and Business
Leslie A. Korb, Ph.D., Chair
Ademar Bechtold, Ph.D.
Lawrence Beyer, C.F.A., M.B.A.
Deborah Calhoun, M.B.A., Ph.D.
Heather L. Carpenter, Ph.D.
Charles E. Yoe, Ph.D.

Degrees offered



Main Campus

The Business and Economics Department offers a major in Business to students in the Women's College, College of Adult Undergraduate Studies, and NDMU Online. It also offers majors in International Business and Marketing Communications in the Women's College. Minors in Business and Entrepreneurship are offered in the Women's College and College of Adult Undergraduate Studies. The Business major includes a broad range of courses that provide the student with a strong foundation of knowledge in business and economics within the liberal arts curriculum. In addition to gaining a thorough understanding of core business concepts, students are taught to act ethically, think critically and creatively, and communicate effectively. Students do not just read about the latest theories and practices in business, they experience and experiment with them in real business situations. Consulting assignments and internships, as well as use of simulations and the case method, actively engage students in their learning.


The Program of Study in Business is designed to ensure all Notre Dame Business graduates meet the following core competencies identified by major employers in the Baltimore/Washington corridor:

  • Integrate quantitative and qualitative skills to solve problems and support decision-making,
  • Demonstrate effective leadership skills in a team environment,
  • Communicate effectively in all business environments with different types of media, and,
  • Use technology to enhance business productivity and the quality of decision-making

Graduates of the Business Program of Study work in a variety of fields such as accounting, banking, marketing research, project and product management, human resource management, health care administration, nonprofit management, information systems, marketing, portfolio management, investments, law and many types of entrepreneurial adventures.

The Academic Program in Business

Undergraduate Degree

The undergraduate Business degree is offered in three instructional formats.

  1. 16-week traditional semester via the Women's College - primarily face-to-face class meetings with 5 to 25 students enrolled.
  2. 8-week hybrid course format in weekday evenings from 6:00 pm - 8:45 pm - College of Adult Undergraduate Studies - combining eight face-to-face class meetings along with additional learning online. Students are not required to be online at the same time. Class sizes vary from 5 to 25 students. 
  3. 8-week totally online course format - NDMU Online - 24/7 IT and library support available - Students rarely required to be online synchronously. Class sizes do not exceed 20 students.


Class sizes are small and interactive. NDMU faculty are committed to helping students succeed and value greatly student experiences and contributions. Students should expect their thinking to be challenged in a productive and respectful manner. Per Federal guidelines and university policy, each 3 credit course, regardless of course length or format, involves a minimum of 37.5 hours of instruction and at a minimum of 75 hours of student work outside of class time.

Please note: A grade of C or better is required for all courses in the Business major or Business minor. Transfer students must complete a minimum of five course in the Business Major regrdless of the number of credits accepted in transfer.

Students are strongly urged to complete their Math requirement early in their college career because of the quantitative nature of many Business courses.

Foundational Business Courses

The foundational Business Courses that students should take are BUS-202 Principles of Management, BUS-203 Principles of Marketing, BUS-253 Financial Accounting, BUS-254 Managerial Accounting, BUS-304 Legal Environment of Business, BUS-310 Professional Communications, BUS-321 Corporate Financial Management, BUS-350 International Business, ECO-211 Introduction to Macroeconomics and ECO-212 Introduction to Microeconomics. [30 credits]

These courses provide a theoretical and practical/skills approach to Management. Additional skills are taught in BUS-360 Business Research, BUS-334 Teamwork and Negotiation, BUS-325 Data Analysis for Business Decisions II, BUS-400 Leadership, BUS-432 Advanced Business Policy, and BUS-461 Business Practicum.

Skills-Based Courses

Courses in data analysis, professional communication, business research, teamwork, negotiation and leadership enhance the technical skills necessary to compete in the workplace. [15 credits]

Advanced Business Policy and Practicum

These two courses enable students to apply the knowledge and skills learned throughout the degree program to strategic issues in business management and in the workplace. The successful completion of Advanced Business Policy, the capstone course, is required of all business majors and should be taken during the student's last semester of study. The four-credit practicum course is required for all business majors who do not have at least two years of full-time professional work experience. The practicum includes a 120-hour internship. [3 to 7 credits]

Business Elective Courses

Students complete their degree requirements either by completing courses for a concentration in accounting, or by completing at least two 400-level Business Elective courses. The upper-division elective courses challenge students to address complex business problems in a chosen field of interest such as finance, management, marketing, international business and human resource management. Students are required to complete two business elective course but are encouraged to take additional business electives if possible. [6 credits]

Accounting Concentration Through Loyola

Intermediate and advanced accounting courses are offered for those students interested in preparing for the Certified Public Accountants (CPA) exam through an agreement with Loyola University. After completing introductory Accounty courses (BUS-253 and BUS-254) at Notre Dame of Maryland, Business students must complete 12 credits of intermediate and advanced accounting courses to fulfill their accounting concentration requirements. Students preparing to take the CPA exam are encouraged to complete as many accounting courses as possible. The CPA exam covers Tax, Non-Profit, Auditing, Advanced Accounting, Accounting Information Systems, as well as Financial and Managerial intermediate topics. [12 credits]

Business Minor

The Business and Economics Department works closely with students in other majors interested in a Minor in Business. Students with a Business minor are better prepared to understand and respond to the business environment in which their career fields operate. Flexibility of the Business minor ensures students have the ability to choose those business courses most helpful in their career fields. The Business minor comprises six courses (18 credits) and requires the student complete at least one course in Economics and BUS-416 Managing Financial Resources. No more than three courses from the student's major may be applied to the completion of the Business minor. No more than nine credits may be transferred into the minor.

Entrepreneurship Minor

The Entrepreneurship minor provides an introduction to both business entrepreneurship and "social entrepreneurship" for students from any major area of academic study. A social entrepreneur is someone who recognizes a social problem and uses entrepreneurial principles to organize, create and manage a venture to promote social change. The Entrepreneurship minor provides students with an opportunity to develop a business plan for either a social or for-profit entrepreneurial organization appropriate for pursuing investors or grants. The Entrepreneurship minor provides all students whose professional plans would benefit from entrepreneurial perspectives and skills a chance to develop their problem-solving, negotiation, organizing, ambiguity and risk tolerance skills. The minor requires the completion of 7 courses (21 credits): BUS-302 Principles of Management, BUS-303 Principles of Marketing, BUS-416 Managing Financial Resources, BUS-401 Entrepreneurship I, BUS-402 Entrepreneurship II, plus two elective courses offered by several departments on campus and chosen and approved in consultation with the Chair of the Business and Economics Department. Business majors do not take BUS-416. No more than three courses from the student's major may be applied to the completion of the Entrepreneurship minor.

Five-Year Option: B.A./M.A.

The Five-year Option enables a full-time WC undergraduate Business major or minor student to complete the Bachelor of Arts and the Master of Arts in Leadership and Management degrees in five years. A student wishing to pursue a five-year integrated program must meet with her advisor and the Chair of the Business and Economics Department before she registers for the fall semester of her senior year to plan her Program of Study and to determine program eligibility and review program requirements.

Study Abroad

Study abroad opportunities exist for all three student groups. They range from a full semester abroad to a 10-day study tour led by NDMU faculty during winter, spring or summer break.

Required Core Courses for Major in Business (Credits)

       BUS-202 Principles of Management (3)
       BUS-203 Principles of Marketing
       BUS-225 Data Analysis for Business Decisions I (3)
       BUS-253 Financial Accounting
       BUS-254 Managerial Accounting
       BUS-304 Legal Environment of Business I (3)
       BUS-310 Professional Communications (3)
       BUS-321 Corporate Financial Management (3)
       BUS-334 Teamwork and Negotiation (3)
       BUS-350 International Business (3)
       BUS-360 Business Research (Women's College and Adult Undergraduate only) (3)
       BUS-325 Data Analysis for Business Decisions II (3)
       BUS-400 Leadership (3)
       BUS-432 Advanced Business Policy (capstone) (3)
       BUS-461 Business Practicum (Required for Women's College) (Required for Adult Undergraduate & NDMU Online only when student has less                         than 2 years of FT professional experience) (4)
       ECO-211 Introduction to Macroeconomics (3)
       ECO-212 Introduction to Microeconomics (3)
       ECO-402 Money and Banking (3)

Computer competency is required. A student may demonstrate this competency by one of two methods:

    1. complete CST-130 Introduction to Microcomputer Applications (or a comparable course) with a grade of "C" or better, or, 
    2. earn a passing score of 70 percent on the CST-130 Challenge Exam. 

Business majors must fulfill the General Education Math Requirement wiht MAT-100, MAT-103, MAT-107 (College Algebra courses), or Calculus.

Students are required to complete either the accounting concentration or at least two of the 400-level business elective courses listed below.

Accounting Emphasis (12 Credits)

This emphasis begins with BUS-253 and BUS-254 taken at Notre Dame of Maryland University. The following courses must be taken at Loyola University of Baltimore.

       BUS-337 Intermediate Accounting I (3)
BUS-338 Intermediate Accounting II (3) 

       Select a minimum of two courses from the following:

       BUS-305 Legal Environment of Business II (3)
BUS-335 Cost Accounting (3)
BUS-340 Tax Accounting (3)
BUS-341 Corporate Tax Accounting (3)
BUS-412 Auditing (3)
BUS-421 Advanced Accounting Theory I (3)

Please note: Students may need additional courses to qualify them to sit for the CPA exames.

Business Electives (6 Credits)

       BUS-105 Introduction to Business and Entrepreneurship (3)
       BUS-401 Entrepreneurship I (3)
       BUS-406 Leading Innovation and Change (3)
       BUS-436 Socially Responsible and Sustainable Business Practices (3)
       BUS-442 International Finance (3)
       BUS-451 Women in Leadership (3)
       BUS-482 Consumer Behavior (3)
       BUS-483 Integrated Marketing Communications (3)
       BUS-484 Investment Management (3)
       BUS-485 Advanced Financial Management (3)
       BUS-486 Human Resources Management (3)

Four-Year Plan

Below is a sample Program of Study for the Business Major. Business Majors sould take BUS-202 Principles of Management, BUS-203 Principles of Marketing, ECO-211 Macroeconomics, ECO-212 Microeconomics, BUS-253 Financial Accounting and BUS-254 Managerial Accounting before any other courses in their major.

Students should select courses with the assistance of a faculty advisor.

See Course Description for prerequisites and corequisites.

Fall Spring 
First year      
NDMU-100 First Year Seminar  3  BUS-334 Teamwork and Negotiation  3
ECO-212 Microeconomics 3  ECO-211 Macroeconomics 3
ENG-101 College Writing 3  Foreign Language (if required) 3
BUS-105 Create Your Future: Introduction to Business and Entrepreneurship 3  General Education/Electives 6
Foreign Language 3  Computer Competency Completed  
[15 credits]   [15 credits]  
Second year      
BUS-253 Financial Accounting I 3  BUS-254 Managerial Accounting II
BUS-302 Principles of Management 3 BUS-310 Professional Communication 3
BUS-225 Data Analysis for Business Decisions I 3 BUS-325 Data Analysis for Business Decisions II 3
General Education/Electives 6 General Education/Electives 6
[15 credits]   [15 credits]  
Third year      
BUS-304 Legal Environment of Business I 3 BUS-350 International Business 3
Gen. Ed./Electives and/or Accounting concentration and/or Business electives    12 BUS-400 Leadership  3
[15 credits] 3 BUS-310 Professional Communication 3
6 Gen. Ed./Electives and/or Accounting concentration and/or Business electives 6
  [15 credits]  
Fourth year      
ECO-402 Money and Banking 3 BUS-432 Advanced Business Policy 3
BUS-360 Business Research 3 BUS-461 Business Practicum 4
Business Elective or Accounting Concentration 3 Business Elective or Accounting Concentration 3
General Education/Electives 6 General Education/Electives 6
[15 credits]   [16 credits]  

Note: Business electives in management, marketing, finance, international business or human resources management may be taken in junior year if prerequisites are completed.


Accreditation Council for Business Schools & Programs (ACBSP)

ACBSP promotes excellence in business education. It focuses on strong student learning outcomes and teaching excellence.