Scott College of Business

Return to: Colleges and Departments

Dr. Terry Daugherty, Dean
Undergraduate Student Services Office: Federal Hall, room 124
Dean’s Office: Federal Hall, room 205
Web site: http://www.indstate.edu/business/
Email: business@indstate.edu

Indiana State University’s Scott College of Business is dedicated to providing an excellent comprehensive education to students at both the undergraduate and graduate levels. The college’s programs combine classroom instruction by highly qualified faculty who have experience and professional connections to the business world with opportunities for students to receive actual work experiences in the field of business.

The college’s mission statement reinforces this purpose by formally stating, “The Indiana State University Donald W. Scott College of Business is dedicated to providing an internationally-accredited professional education to qualified students at both the undergraduate and master’s levels. Our primary focus is to provide an experiential learning environment that prepares students to take leadership roles in both public and private organizations. In tandem with this commitment, the College supports, encourages, and produces applied and educational research, development of relationships with the business community, and service to the region and the professions.”

Faculty in the college bring both academic training and professional experiences to business study at ISU. The faculty are actively involved in professional organizations. Also, service to local, state, and national business communities is a deep commitment of ISU’s business faculty. The faculty bring dedication and experience to their classroom teaching, providing students with knowledge and skills gained from business contacts.

Scott College of Business programs are enhanced by the presence of the West Central Indiana Small Business Development Center, which assists local and state small businesses. The Gongaware Center, established through a gift from Donald and Patricia Gongaware, has a mission to develop leaders for the financial services industry. Networks Financial Institute, the center for the study of financial services, was established by a generous grant from the Lilly Endowment.

All programs in the college are accredited by AACSB – International, the premier accrediting association of business programs. All programs in the college focus on providing business students with a superior education via academic knowledge, professional experiences, and social and developmental opportunities. During their first two years in the college, students are advised by the Undergraduate Student Services Office, which also provides information on college admission policies, transfer student policies, course repeat process, senior check-out, and graduation. Students are usually transferred to a faculty member for advisement after completion of their second year as a business major. The college sponsors professional organizations, clubs, and honoraries. Students are encouraged to join and participate in professional activities including attendance at conventions, guest speakers, workshops, and social events which bring students, faculty, and professional guests together to share and learn about business.

Providing practical experience is an important goal of the college, and a variety of internships and professional practice opportunities are available to ISU business majors. Students in the past have completed internships with such businesses as Bemis, First Financial Bank, Old National Bank, Eli Lilly and Company, Sackrider & Company, Gibson Insurance, MedPro Group, State Farm Insurance Companies, Rolls-Royce, Toyota Industrial Equipment Manufacturing, Masterbrand Cabinets, North American Lighting, Cummins, Crown Equipment, Kimball Electronics and GEODIS, among numerous internships.  The college’s Meis Center for Student Professional Development assists students in career development and professional skills, and serves as a link to the ISU Career Center. The college has a number of scholarships available which can assist students in meeting the financial cost of a college education.

It is important to note that all business majors must complete a core of business courses and meet established academic standards to progress through their choice of major. These standards and requirements are listed on the following pages.

ACADEMIC STANDARDS FOR BUSINESS MAJORS

The following standards apply with regard to the admission, retention, and graduation of students from the four-year undergraduate programs of the Scott College of Business. Specific requirements for majors are given in the listing for the major.

1. Each entering freshman selecting the Scott College of Business will be placed in the category of “Business Non-Designated.”

2. Students will remain in the Business Non-Designated category until they: 

a. Complete the following business foundation courses with an average GPA of 2.25 or higher:

BUS 100—Introduction to Contemporary Business
BUS 180—Business Information Tools
BUS 201—Principles of Accounting I
BUS 205—Business Statistics
ECON 200—Principles of Macroeconomics

b. Complete the Foundational Studies freshman English composition requirement, the communication requirement (Communication 101 or 215), and the Scott College of Business mathematics requirement of Mathematics 105 or its equivalent.

3. International students must also have a minimum TOEFL score of 79 (550) or equivalent.  Find more information about the English language requirement from the Office of Admissions.

4. Upon satisfactorily meeting the business foundation requirements, students are ADMITTED TO THE SCOTT COLLEGE OF BUSINESS and must formally declare a major within the Scott College of Business.

5. In order to graduate, students majoring in business disciplines must meet the following minimum requirements: 

a. Have a cumulative grade point average of at least 2.25.

b. Complete all required business and economics courses with an average grade point of 2.25 or higher. 

c. In addition to the business foundation courses listed above, complete BUS 202, ECON 201, BUS 221, BUS 263, and BEIT 336.

d. Upon completion of BUS 202 and ECON 201, students may enroll in the business functional sequence of courses (BUS 311, 351, 361, and 371).

e. BUS 351 requires BUS 305 as a prerequisite.
   
f. BUS 401, capstone business course, should be taken only after completion of BUS 221, 263, 311, 351, 361, 371, and a minimum of at least 78 credits,

g. Complete the course work and any additional requirements that may be stipulated by the individual programs.

h. Complete all other requirements prescribed by the University.

6. Students who change majors, or who had a break in their attendance and have been re-admitted, could be asked to meet the degree requirements in force at the time a major is declared or at the time they were re-admitted.

7. All students majoring in the Scott College of Business are expected to be aware of course and graduation requirements for their major. For further information, consult the program listing, the chairperson of the department offering the major, or the college’s Undergraduate Student Services Office. 

ACADEMIC STANDARDS FOR BUSINESS MINORS

1. Students graduating with any of the minors offered by the Scott College of Business must:

a. Meet the course work and other requirements of the minor (see program listing for details).

b. Achieve a minimum grade point average of 2.0 in course work presented for satisfaction of the minor.

2. All students with a minor in the Scott College of Business are expected to be aware of the course and graduation requirements of their minor. For further information, consult the program listing, the chairperson of the department offering the minor, or the Undergraduate Student Services Office.

TRANSFER POLICIES

1. For transfer at the Business Non-Designated level, the student transferring from another institution must be in good academic standing. Admission to the Scott College of Business is conditional until the transfer student has completed 15 hours of approved course work at Indiana State University.

2. For transfer into one of the business majors, the transfer student must have completed the business foundation courses listed above with a minimum grade point average of 2.25, and have completed the freshman English composition requirement, the communication requirement, and the mathematics requirement. Admission to the Scott College of Business is conditional until completion of 15 hours of approved course work at Indiana State University with a cumulative grade point average of 2.25 or higher.

3. A student transferring from another academic unit in the University must have a cumulative grade point average of at least 2.0 and a minimum grade point average of 2.0 in any courses that will be applied to meeting the requirements of the business major.

4. An international student must also have a minimum TOEFL score of 79 (550).

5. At least 50 percent of the business credit hours required for any business degree should be taken at Indiana State University.

ACADEMIC PROGRAMS

Degrees Offered

Three departments: the Accounting, Finance, Insurance and Risk Management Department; the Marketing and Operations Department; and the Management, Information Systems, and Business Education Department, in the college offer undergraduate majors in accounting, business administration, business education, finance, financial services, insurance and risk management, management, management information systems, marketing, and operations and supply chain management. Minors are available in accounting, business administration (non-business majors only), business analytics, entrepreneurship, finance, financial services, financial services selling, forensic accounting, human capital management, insurance and risk management, management information systems, marketing, motorsports management, sales and negotiations, and supply chain management. Graduate study is available in a master of business administration degree.

The college also offers online undergraduate majors in accounting, business administration, insurance and risk management, management, management information system, and marketing. More information is available on the college Web site, www.indstate.edu/business.

Many of the college’s courses are excellent preparation for study leading to a law degree. Students planning a career as junior-high/middle school or secondary education teachers of business work closely with both the Scott College of Business and the Bayh College of Education.

Program Opportunities

The Scott College of Business has been committed to providing various quality experiential learning and professional networking opportunities through classes, internships, professional development events, and business student organizations. In addition to program specific student organizations, students in business administration may join such professional business fraternities as Delta Sigma Pi and Alpha Kappa Psi, and may be invited to join Beta Gamma Sigma, premier international business honor society.  These organizations provide professional learning, networking opportunities, and social opportunities to meet other business administration and business students and faculty.

Students in business administration have opportunities to gain practical business experience while attending ISU’s Scott College of Business. Among other opportunities, business administration students have completed internships at Farm Bureau and Forrest Sherer.

Refer to each department’s program opportunities in this Catalog for more information on program specific student organizations and internships.

Return to: Colleges and Departments