College of Business and Economics
Georgette Chapman Phillips, dean; Katrina A. Zalatan, associate dean, director of undergraduate programs; Andrew J. Ward, associate dean, graduate programs; Paul Brockman, associate dean for global initiatives; Parveen P. Gupta, chair, department of accounting; James Dearden, chair, department of economics; Richard J. Kish, chair, Perella Department of Finance; Robert J. Trent, chair, department of management; David A. Griffith, chair, department of marketing.
The College of Business and Economics offers the bachelor of science degree in business and economics. In the dynamic global environment of the 21st Century, today’s business students face unprecedented challenges. Lehigh’s College of Business and Economics prepares them to meet these challenges and to succeed. The mission of Lehigh University’s College of Business and Economics is to provide an intellectual and professional learning environment that advances knowledge through research and scholarship and that develops future leaders through experiential learning, rigorous analysis and the discipline of a strong work ethic – the hallmarks of a Lehigh University business education.
The College of Business and Economics consists of five departments: accounting, economics, Perella Department of Finance, management and marketing. Its programs, accredited by the AACSB International—The Association to Advance Collegiate Schools of Business—provide students with a solid foundation in business and economics principles. In addition to the traditional undergraduate majors of accounting, economics, finance, management and marketing, the College offers innovative programs and courses that respond to today’s unique business requirements, including:
The Business Information Systems major that answers a recognized need in the business world. As businesses seek to make themselves more productive and competitive, they have become more reliant on information technology. Students with a good understanding of information systems can help businesses enhance their use of this technology.
The Supply Chain Management major is another response to the complex environment facing business graduates. This undergraduate major gives students solid exposure to supply management, logistics, business-to-business marketing and operations management.
The College of Business and Economics has joined with the College of Engineering to offer two cross-college programs. These programs, Integrated Business and Engineering (IBE) and Computer Science and Business (CSB), are described in full in the following “Crossing Boundaries” section.
All minors offered by the College of Arts and Sciences are available to CBE undergraduate students. The engineering minor offered by the College of Engineering is also available to all CBE undergraduates.
A major strength of the College of Business and Economics is its ability to develop programs by partnering across academic disciplines within the College, across the colleges within the University and with the business community. Students are able to cross traditional boundaries and take advantage of all that the College of Business and Economics and other colleges of the University have to offer. The partnerships built with alumni and the business community afford students the opportunity for internships in their areas of interest.
As the needs in the marketplace change, the ingredients necessary for success must reflect these new requirements. From courses in e-commerce to supply chain management and joint degree programs, the College of Business and Economics provides today’s undergraduate students with the skills necessary to become tomorrow’s business leaders.
The program aims to prepare students from all undergraduate colleges at Lehigh with the skill sets, attitudes, and understanding of the processes to realize their entrepreneurial goals in either an emerging or established company setting. The program is designed to be generally accessible to students from all disciplines with an emphasis upon innovation, the entrepreneurial process, and cross-functional integration. The minor can be added to any undergraduate degree at the university.
Integrated Real Estate Minor
Integrated Real Estate At Lehigh (ire@l) is a three or four year course of study designed to complement a wide range of majors, from art and architecture to civil engineering to environmental science to finance to marketing to economics. The mission of the ire@l program is to prepare the next generation of real estate leaders. Students completing the ire@l program will earn a minor in real estate.
The undergraduate programs in the College of Business and Economics provide the students with a strong foundation in business and economic principles necessary for success in business. Upon graduation, the majority of students from the College of Business and Economics enter business in many different professional positions including accounting, investment banking, advertising, marketing, management consulting and information systems. Further professional studies in law, graduate business schools or specialized graduate education in economics, operations research, or other related fields are additional options open to graduates.
Variety of Options
While preparing students for a career in business and economics, we recognize the importance of a well-rounded individual. At Lehigh, this important exposure to science, language and the arts and humanities is accomplished by distribution requirements, within which the student has wide choice. Students take 48 credits outside the College of Business and Economics.
The bachelor of science in business and economics may also lead to admission into the master of business administration program at Lehigh or another institution after graduates have at least 2-3 years of work experience. In addition, the college also offers the following graduate degrees: doctor of philosophy, master of business administration and engineering, master of business administration and educational leadership, master of science in accounting and information analysis, master of science in economics, and master of science in analytical finance.
Bachelor of Science in Business and Economics
The College of Business and Economics at Lehigh University prepares students to become business and community leaders in a broad range of organizations. Our undergraduate students acquire the knowledge and skills needed to excel in business. Overall, we expect our graduates to be able to successfully solve complex, unstructured business problems.
For the bachelor of science degree in business and economics, 124 credit hours are required. A writing requirement, which is included within the required 124 credit hours, is also a part of the college curriculum.
Planning Courses of Study
|Select one of the following:||3|
|MATH 021 or 081||4|
|Total Credits: 54|
Major Programs (15 credits - 23 credits)
By the end of the second semester of the sophomore year, students select a major consisting of sequential or related courses in one of the following major programs: accounting, business economics, business information systems, economics, finance, management, marketing and supply chain management. A GPA of 2.0 or higher in the major program is required for graduation.
Students in the College of Business & Economics may pursue a double major within the CBE according to college guidelines, which include the requirements of each of the majors and a minimum of 10 courses (30 credits) between the two combined majors. Students must declare a single major prior to declaring a second major. Students planning to pursue more than one major within the CBE must meet a prerequisite GPA of 2.0 or higher.
Globalization and Diversity Requirements
Each student must complete a minimum of 3 credits in Diversity and 3 credits in Globalization. These courses may simultaneously fulfill other CBE degree requirements.
Electives (52-55 credits) - depending on major
Students will earn 52-55 credits of electives. A minimum of 48 credits are to be taken outside the College of Business and Economics.
Students are required to take six (6) credits of humanities (HU), six (6) credits of social science (SS), and three (3) credits of science (NS) for a total of 15 credits of distribution requirements. Students should refer to the department in the catalog to determine which course offerings may be taken to satisfy these requirements.
In the College of Business and Economics, the pass-fail option is available for elective courses only. A student desiring Lehigh credit for a course taken at another institution must complete a transfer credit form and obtain approval from the appropriate Lehigh academic department in advance.
The purpose of the business minor program is to enable non-CBE students to pursue a course of business studies which enables them to supplement their major studies and enhances their career options upon graduation. The overall learning objective of the program is to provide non-CBE students with the knowledge and skills with which to make more informed business decisions.
Courses offered in the business minor program are not open to students currently in the CBE, nor may these classes count as substitutes for CBE core classes should a student later decide to transfer into the CBE.
Program of Studies
The business minor consists of 14 credit hours. The courses are integrated across the entire program and must be taken in a stepped sequence. These 14 credit hours plus the prerequisite consist of the following courses:
Required prerequisite course
|BUS 125||1||BUS 127||3|
|BUS 225||3||BUS 226||3|
|Total Credits: 14|
|Probability Theory and Statistics|
|ECO 045||Statistical Methods||3|
|MATH 012||Basic Statistics||4|
|ISE 111||Engineering Probability||3|
|PSYC 110||Statistical Analysis of Behavioral Data||4|
|An Integrated Learning Experience|
|ME/BUS 211||Integrated Product Development (IPD) I||3|
|MGT 314||Small Business Consulting||3|
The courses required in the business minor program will be offered in a stepped sequence requiring completion of each course in the sequence before being able to continue to the next course. That is, students must first complete GBUS 401 and ECO 401 before taking BUS 127, BUS 127 before taking BUS 225, and BUS 225 before taking BUS 226. BUS 125 and BUS 326 are to be taken in conjunction with BUS 126 and BUS 226, respectively.
Program admission requirements
Each spring, 80 students will be accepted into the business minor program for the following fall. Applications to the program will be made by students and submitted to the program director by the first Monday in March. An admissions committee comprised of the business minor program director, associate dean for the undergraduate CBE program and the business minor curriculum committee will make admission decisions based on G.P.A., experience, and interest in pursuing business opportunities upon graduation from Lehigh (to be evaluated on the basis of a written essay). Students will be notified of admissions decisions prior to registration for the fall semester. Entrance into business minor classes will be controlled by restricted overrides by the director of business minor program. The Director of the Business Minor program is Robert Kuchta, Professor of Practice, Department of Management, 330 Rauch Business Center (email@example.com ).
The College of Business and Economics and the Computer Science and Engineering department in the P.C. Rossin College of Engineering and Applied Science jointly offer the Computer Science and Business (CSB) program. It is a four-year program and the nation’s only program that is fully accredited by AACSB International, the Association to Advance Collegiate Schools of Business, and by the Computing Accreditation Commission of ABET, 111 Market Place, Suite 1050, Baltimore, MD 21202-4012, telephone (410) 347-7700.
Graduate Degrees in Business Administration and Economics
Candidates for admission to graduate study in the College of Business and Economics must provide the results obtained in the Graduate Management Admissions Test (GMAT) for the degree in accounting and information analysis. The GMAT or the Graduate Record Examination general test (GRE) must be submitted for degrees in business administration, economics and analytical finance. International students applying to any graduate programs in the College of Business and Economics are required to take the TOEFL for admission to the program.
Master of Business Administration
The Lehigh MBA program is accredited by AACSB International- the Association to Advance Collegiate Schools of Business. The Lehigh MBA program provides a rich, integrated learning experience for students. Business issues are viewed and taught from the perspective of the firm as a whole rather than along departmental lines. Lehigh’s MBA curriculum is a fully integrated model which simulates the business environment in the classroom. MBA students acquire skills in leadership, managerial communication, and resource allocation coupled with a comprehensive understanding of complex domestic and global business issues.
Due to the compact and integrated core, students have increased flexibility to tailor the program to their individual needs. Students may select a concentration in corporate entrepreneurship, finance, international business, marketing, project management, or supply chain management or pursue a broader experience by selecting courses from a variety of disciplines. Students may only have one concentration.
The MBA program is available through on campus study or through distance education. Students may elect to follow one mode exclusively or mix and match modes. MBA concentrations in supply chain management and project management are currently available through distance study.
MBA Mission Statement
The MBA program will further the development of organizational leaders and managers. This is accomplished by honing students’ knowledge, skills and abilities through a comprehensive and integrated core curriculum and customized concentrations designed to meet individual needs. The MBA program will also foster life-long learning through continuing professional education programs.
The MBA Program requires 36 credit hours. Full-time students can fulfill that requirement in 12 to 16 months. Part-time students average three years to complete the degree.
|MBA 401||Introduction to the Organization and its Environment||2|
|MBA 402||Managing Financial and Physical Resources||4|
|MBA 403||Managing Information||4|
|MBA 404||Managing Products and Services||4|
|MBA 405||Managing People||4|
|MBA 406||Integrative Experience||3|
|Select 15 credit hours of elective course work 1||15|
Students are permitted to design an area of study in consultation with their adviser to best suit their career goals or they may choose to complete an area of concentration. Concentrations in international business and supply chain management require nine credit hours of approved electives. Concentrations in corporate entrepreneurship, finance, marketing, and project management require twelve credit hours of approved electives. Students may also complete a maximum of six credit hours of electives outside of the College of Business and Economics (but within Lehigh University). All elective courses must be at the 400 level.
Students should have completed undergraduate courses in computer literacy, and principles of microeconomics and macroeconomics. The prerequisites of financial accounting and statistics may be completed after acceptance into the MBA program
The statistics prerequisite may be fulfilled by having taken a class within the past 5 years and receiving a “B” or better, by taking a proficiency exam administered through the College, or by enrolling in Basic Statistics for Business and Industry or equivalent. The Accounting prerequisite may be waived by enrolling in , Financial Accounting for Managers and Investors at Lehigh or by taking a proficiency exam administered by the College.
If a student has no previous background in financial accounting or statistics, he/she is encouraged to take a course in the subject area. If a student has previously taken coursework but has not achieved a grade of “B” or the course has exceeded the time limit, self-directed learning and a proficiency exam may be appropriate.
Students will take 15 credit hours of elective course work. Students are permitted to design an area of study in consultation with their adviser to best suit their career goals or they may choose to complete an area of concentration. Concentrations in international business and supply chain management require nine credit hours of approved electives. Concentrations in corporate entrepreneurship, finance, marketing, and project management require twelve credit hours of approved electives. Students may also complete a maximum of six credit hours of electives outside of the College of Business and Economics (but within Lehigh University). All elective courses must be at the 400 level.
There are no waivers for courses in the MBA Program.
GMAT or GRE Scores
All applicants are required to take the Graduate Management Admissions Test (GMAT) administered by Pearson Vue or the Graduate Record Exam (GRE) administered by the Educational Testing Service (ETS). Only GRE scores from the revised version taken after August 1, 2011 will be accepted.
Students are required to have a minimum of 2 years of full-time, professional work experience.
International students must have 16 years of formal education, including four years at the university level, to be considered for admission to Lehigh’s graduate programs. Applicants whose native language is not English are required to take the Test of English as a Foreign Language (TOEFL). For information, write or call the TOEFL Registration Office, P.O. Box 6154, Princeton, N.J., 08541-6154 or at www.toefl.org .
Flexible Class Scheduling
Classes are scheduled Monday through Thursday evenings, with seminars offered on Fridays and Saturdays. Part-time students may complete the entire program with evening classes. Many students accelerate completion of the program by taking courses during the two six-week summer sessions.
Further information about the MBA Program may be obtained by contacting the Graduate Programs Office of the College of Business and Economics, Lehigh University, College of Business and Economics, 621 Taylor Street, Bethlehem PA 18015
phone: (610) 758-3418
Certificate Programs (non-degree)
Certificate in Corporate Entrepreneurship
Businesses often nurture the entrepreneurial spirit by forming new venture groups within their organizations. The members of these groups require a special blend of education to develop the skills of discovery, innovation and leadership that starting a new enterprise requires. This certificate program prepares students to successfully evaluate business opportunities within a corporate environment.
The certificate requires 12 credit hours of coursework with six credit hours of directed electives plus an additional six credits.
|GBEN 403||Anatomy of Entrepreneurship: Startups and Established Companies||1|
|GBEN 404||Market Opportunity: Targeting Strategies and Selling Tactics||1|
|GBEN 406||Performing a Business Enterprise Audit: Developing an Industry Perspective||1|
|GBEN 408||The New Venture Organization: Management, Design, and Governance||1|
|GBEN 409||Financial Forecasting: Developing Pro Forma Financial Statements||1|
|GBEN 410||Financing StartUps: Seeking Outside Venture Capital||1|
|Select 6 credit hours from the following:||6|
|The Business Plan I: Strategic Considerations (2)|
|The Business Plan II: Operating Strategies and Implementation (2)|
|Intellectual Property: Management and Valuation (1)|
|Processes and Infrastructure: Creating Production and Delivery (1)|
|Establishing Credit Facilities: Asset-Based and Cash Flow Financing (1)|
|Developing Exit Strategies: Concepts and Approaches (1)|
|Integrative Experience/New Venture Internship (1-4)|
Students admitted to the certificate program in entrepreneurship will enter as non-degree students. Applicants are required to have a 3.0 undergraduate GPA and to have earned a 4 year baccalaureate degree from an accredited college or university. Two years of full time professional work experience is also required.
Certificate in Supply Chain Management
Increasingly sophisticated information technology applications and the shift toward global economic activity have shaped a competitive environment that rewards creating value for customers while reducing cost and cycle time. Through in depth study of the organizations’ value chain -logistics, operations, marketing, sales and service- the certificate in supply chain management demonstrates how these activities are linked both internally and externally.
|GBUS 432||Demand and Supply Chain Planning||3|
|GBUS 450||Strategic Supply Management||3|
|GBUS 453||Transportation and Logistics Management||3|
|GBUS 456||Applied Supply Chain Models||3|
Students admitted to the certificate program will enter as non-degree students. Applicants are required to have a 3.0 undergraduate GPA and to have earned a 4 year baccalaureate degree from an accredited college or university.
Certificate in Project Management
This 12 credit hour certificate will prepare students to take the Project Management Professional certification exam offered by the Project Management Institute (PMI) - the field’s leading global professional association. Lehigh University is a Registered Education Provider (R.E.P.) with the Project Management Institute. The certificate is completed within 12 months through both on-line and on-campus modules that are taken sequentially.
|Directed Electives (12 credits)|
|PMGT 401||Project Management: Course Framework & Project Leader Assessment||1|
|PMGT 402||Project Management: Skills and Abilities for Effective Leadership of Teams||1|
|PMGT 403||Project Management: Initiating the Project and Planning Scope and Schedule||2|
|PMGT 404||Project Management: Planning Resources, Communication, Quality and Risk Management||2|
|PMGT 405||Project Management: Project Leader Communications Expertise and Evaluating Team Performance||1|
|PMGT 406||Project Management: Implementing and Managing Projects||2|
|PMGT 407||Project Management: Controlling Performance and Assessing Outcomes||2|
|PMGT 408||Project Management: Problem Solving, Decision Making and Ethics||1|
Students admitted to the certificate program will enter as non-degree students. Applicants are required to have a 3.0 undergraduate GPA, two years of professional work experience, and a 4 year baccalaureate degree from an accredited college or university. Graduate students at Lehigh University may apply for the program without meeting additional requirements.
Further information about certificate programs may be obtained by contacting the Graduate Programs Office of the College of Business and Economics, Lehigh University, College of Business and Economics, 621 Taylor Street, Bethlehem PA 18015
phone: (610) 758-3418
Master of Science in Accounting and Information Analysis
The Lehigh Master of Science in Accounting and Information Analysis (MSAIA) degree program offers an outstanding opportunity to prepare for a career in today’s demanding field of accounting. Accounting professionals are engaged in a variety of services, including assurance (auditing), business valuation, information resources, and consulting. The program focuses on using information and technology to improve business processes and forge business solutions. Accredited by AACSB International, the Association to Advance Collegiate Schools of Business, Lehigh’s M.S. in Accounting and Information Analysis program satisfies the 150-hour CPA educational requirement adopted by almost all states. The program serves as an excellent foundation for professional careers as CPAs, CMAs and related fields. It provides the broad business education employers value so highly.
The Master of Science in Accounting and Information Analysis curriculum is designed to be flexible so that students may choose to concentrate their electives in a specific field, such as finance, or use them for breadth.
Students are encouraged to obtain an internship during the summer prior to beginning the program. The internship will complement the chosen concentration and provide an excellent practical framework to enrich the academic coursework experience.
The M.S. in Accounting and Information Analysis program seeks applicants from a variety of academic backgrounds. Those with undergraduate business degrees in fields other than accounting often lack eighteen credits of background requirements in intermediate accounting, cost accounting, accounting information systems, fundamentals of federal income taxation and auditing. To the extent possible, applicants should take those courses during their undergraduate programs.
Applicants who do not have an undergraduate business degree will likely require two years to complete the program. The first year is devoted to background courses and the second to the graduate program itself.
Lehigh University’s Master of Science in Accounting and Information Analysis provides a broad business education and the specialized coursework for a professional career in accounting. Graduates aspire to leadership positions at top-tier organizations in fields that include public accounting, corporate accounting, financial services, consulting, and information systems. Through this program, Lehigh continues a long tradition of providing accounting majors with the necessary educational requisites for licensure as certified public accountants within the United States and its territories. The program seeks only the best and the brightest applicants: motivated, dedicated to their studies, not afraid of challenges, possessing confidence, self-discipline, and the ability to articulate their ideas orally and in writing. The program continually pursues the excellence necessary to meet the standards of only the highest-quality educational institutions.
The MSAIA core consists of eighteen credits in the courses shown below and thirty credits overall. Designed specifically for this program, and dedicated to it, these innovative courses seek to develop a set of skills and experiences not available in undergraduate programs that will enhance MSAIA students’ ability to perform throughout their chosen careers. Core courses are offered once each academic year.
|MACC 401||Professional Issues in Accounting - Negotiation||1|
|MACC 402||Professional Issues in Accounting - Case Analysis||1|
|MACC 403||Professional Issues in Accounting – Ethics||1|
|MACC 412||IT Auditing||3|
|MACC 413||The Corporate Financial Reporting Environment||3|
|MACC 420||Forensic Accounting and Auditing||3|
|MACC 424||Governance, Risk and Control||3|
|MACC 427||Accounting for Financial Instruments & Advanced Financial Statement Analysis||3|
|Select 12 elective credit hours in consultation with MSAIA Program Director||12|
The MSAIA curriculum provides for twelve elective credits that students may use to specialize in an area of interest or to augment one’s general business education. Frequently-taken electives include graduate-level courses in taxation and business decisions, financial statement analysis, corporate financial management, investments, strategic supply management, managerial economics, and strategic marketing management.
There are no waivers for courses in the M.S. in Accounting and Information Analysis Program.
All applicants are required to take the Graduate Management Admissions Test (GMAT) administered by Pearson Education, Inc. GMAT scores have been averaging 630. A score of at least 580 and 50th percentile in the quantitative sections will improve the prospects for admission. Undergraduate students should take the exam in the senior year. To make an appointment to take the GMAT exam call 1-800-717-GMAT (4628) or by registering online at www.mba.com . The GMAT is waived for Lehigh accounting majors.
Presidential Scholars must meet normal admission standards.
International students must have 16 years of formal education, including four years at the university level, to be considered for admission to Lehigh’s graduate programs. Applicants whose native language is not English are required to take the Test of English as a Foreign Language (TOEFL®). For information, contact www.ets.org/toefl . The MSAIA program features considerable student/faculty interaction in class. Very good English language skills are therefore highly important to success in the program. An internet-based TOEFL (IBT) of 105 will improve the prospects for admission. Admitted applicants typically are required to complete the English as a Second Language American Business English (ABE) program before beginning their graduate program.
Further information about the MSAIA program may be obtained by contacting the Graduate Programs Office of the College of Business and Economics, Lehigh University, 621 Taylor Street, Bethlehem PA 18015; phone: (610) 758-3418 email: firstname.lastname@example.org .; or Professor David Hinrichs, Director, M.S. in Accounting and Information Analysis Program, email: email@example.com , phone (610) 758-4674. www.lehigh.edu/msaccounting
Master of Science in Economics
The Master of Science in Economics Program is available for students wishing to pursue graduate study in the areas of economics or economics and business. The program offers considerable flexibility with respect to the selection of courses as well as the ability to concentrate in a particular area of study. Students may pursue the degree on either a full-time or part-time basis. Recent graduates of the M.S. program have accepted employment in industry, while other students have pursued the master's degree as a stepping stone to the Ph.D. degree.
A minimum of 30 semester hours of course work is required.
|ECO 402||Managerial Economics||3|
|ECO 412||Mathematical Economics||3|
|ECO 415||Econometrics I||3|
|ECO 417||Advanced Macroeconomic Analysis||3|
|ECO 447||Economic Analysis of Market Competition||3|
|Select 15 credit hours of electives||15|
Students may also elect to write an M.S. thesis. The thesis is worth six hours of credit toward the degree and is particularly encouraged for those who may be considering the Ph.D. program.
Further information about the M.S. in Economics Program may be obtained by contacting the Graduate Programs Office of the College of Business and Economics or Dr. Robert Thornton, Director M.S. in Economics Program, Lehigh University, College of Business and Economics, 621 Taylor Street, Bethlehem PA 18015
phone: (610) 758-3460
Doctor of Philosophy
The Ph.D. degree in business and economics is designed to provide advanced knowledge and the capacity to carry on independent research in various areas of business and economics. Holders of the Ph.D. are normally employed in academic positions in departments of economics or in schools of business administration, or in policy analysis and research positions in banks, business, government, and research organizations. Employment opportunities are excellent for graduates with this degree.
The Ph.D. program requires a minimum of 48 semester hours of study (including dissertation) beyond the master’s degree or 72 hours of study beyond the bachelor’s degree. Each student is expected to choose one major and two minor fields of specialized study. Students must take core courses in microeconomics, macroeconomics, econometrics, and mathematical economics. Students must also take written, qualifying examinations in microeconomic theory and econometrics as well as an examination in their major field of study. As a condition for advancement to candidacy, a student must write an original third-year paper (the pre-dissertation research project) suitable for submission to a scholarly journal. The major fields of specialization normally available include, but are not necessarily limited to, health economics, labor economics, applied econometrics, and industrial organization.
Under the guidance of a dissertation chairperson and committee, the candidate undertakes research culminating in a dissertation. The Ph.D. is awarded upon the successful completion of the doctoral dissertation and its oral defense.
Further information about the Ph.D. in Business and Economics Program may be obtained by contacting the Graduate Programs Office of the College of Business and Economics or Dr. Chad Meyerhoefer, Director Ph.D. in Business and Economics Program, Lehigh University, College of Business and Economics, 621 Taylor Street, Bethlehem PA 18015
phone: (610) 758-3445