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Management Science
The Masters in Management Science
Requirements
Program of Study
Course Descriptions
The Master in Management Science
The Masters program in Management Science
encompasses the study of strategic and entrepreneurial management, as well as the management of people and organizations.
The program is deigned for students who desire to exercise leadership in their management careers, with major challenges
and responsibilities in private, public, and not-for-profit organizations, large or small.
Students have considerable flexibility in the selection of courses. In their choice of courses, they can focus
on a specific field of interest in the Management Science field. The program stressing both institutional and quantitative
issues in entrepreneurial management, human resource management, organizational management, multinational management
and strategic Management.
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Requirements
Core Courses
All Masters students majoring in Management Science are required to complete the
following courses as part of the Management Science core requirements:
Foundation and Orientation Requirements ( no credit course )
Before registration in any graduate course in the masters program, all students must successfully complete the
Pre-Program Registration course in accounting, microeconomics and statistics. The Pre-Program Registration course
is offered every semester , including summers, to all incoming MBA students.
Core Requirements
ACC6626 Financial Accounting
FIN6601 Financial Analysis
FIN6602 Macroeconomic Analysis and Public Policy
STA6621 Statistical Analysis for Management
MAN6621Management of People at Work
MKT6621 Marketing Management: Program Design
Concentration Courses
- a) Required course
- MAN6652 Foundations of Leadership and Teamwork
b) Four courses from the following list
MAN6654 Competitive Strategy
MAN6655 Global Strategic Management
MAN7732 Technology for Managers
MAN7782 Strategic Implementation
MAN8821 Entrepreneurial Decision
MAN6691 Negotiations and Dispute Resolution
c) One Elective course from the following list
MAN6671 Executive Leadership
MAN7715 Geopolitics
MAN7735 Strategic Management in the Service Enterprise
MAN8846 Real Estate Law, Financing, and Development
MAN6653 Field Application Project
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Program of Study
The MBA in Management Science requires a minimum of twelve graduate level courses,
of which four at most can be transferred from relevant graduate courses at other schools or universities.
The course requirements are as follows:
|
Type
|
No of Courses
|
| Core Course |
6
|
| Concentration Courses |
5
|
| Elective Courses |
1
|
| Total |
12
|
|
Thesis Option
|
The thesis carries six (6) semester credits and will be considered in lieu of the two (2) concentration
course requirement |
BUonline's MBA is a two year program. The first year is dedicated to completing the core requirements curriculum,
which exposes the student to a breadth of subjects and approaches, that provide fundamental business skills, knowledge,
and perspectives. Students are required to complete the core requirements before taking courses in their specified
concentration.
During the second-year students build upon the foundation of the core curriculum as they develop expertise in
their chosen fields. Also students can gain deeper insight into a specific field or explore new disciplines through
elective courses available at BUonline's Graduate Studies.
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Course Descriptions
Core Courses
ACC6620 Financial Accounting
The role of accounting is the accumulation, analysis, and presentation of relevant financial data of an enterprise
to serve the needs of decision makers. The provision of multiple-purpose information to serve the needs of interested
parties outside the firm's management is referred to as financial accounting. The objective of this course is to
introduce the student to the basic concepts, standards, and practices of financial reporting.
The course is devoted to the basic financial statements, the analysis and recording of transactions, and the underlying
concepts and procedures. In addition, a more detailed study of some aspects of financial accounting that have widespread
significance is undertaken, such as inventories, long-term productive assets, bonds and other liabilities, stockholders
equity, and the statement of changes in financial position.
ACC6621 Financial Accounting
The intended audience for this course is students with prior knowledge of financial accounting who understand:
(1) the recording of economic transactions in the accounting records; (2) the basic financial statements that summarize
a firm's economic transactions (the balance sheet, the income statement and the statement of cash flows) and (3)
the fundamental concepts needed to prepare or understand published financial statements (e.g. use of accrual accounting).
Exploiting prior knowledge.
ACC6622 Fundamentals of Managerial Accounting
This course emphasizes the use of accounting information for internal planning and control purposes. This orientation
contrasts with financial accounting where the focus is on accounting disclosures for parties external to the firm.
This course is intended as an introduction for individuals who will make business decisions and evaluate the performance
of business units using data obtained from the accounting system. The course will cover the basic vocabulary and
mechanics of cost accounting, basic issues involved in the design of a cost accounting system, and the role of
management accounting in decisions concerning resource allocation and performance evaluation.
FIN6601 Financial Analysis
This course serves as an introduction to business finance (corporate financial management and investments)
for both non-majors and majors preparing for upper-level course work. The primary objective is to provide a framework,
concepts, and tools for analyzing financial decisions based on fundamental principles of modern financial theory.
The approach is rigorous and analytical. Topics covered include discounted cash flow techniques; corporate capital
budgeting and valuation; investment decisions under uncertainty; capital asset pricing; options and market efficiency.
The course will also analyze corporate financial policy, including capital structure, cost of capital, dividend
policy, and related issues.
FIN6602
Macroeconomic Analysis and Public Policy
This course is required of all students except those who, having prior training in macroeconomics, money and
banking, and stabilization policy at an intermediate or advanced level, can obtain a waiver either by credentials
or by passing an examination. The purpose of this course is to train the student to think systematically about
the current state of the economy and macroeconomic policy, and to be able to evaluate the economic environment
within which business and financial decisions are made. The course emphasizes the use of economic theory to understand
the workings of financial markets and the operation and impact of government policies. Specifically, the course
studies the determinants of the level of national income, employment, investment, interest rates, the supply of
money, inflation, exchange rates, and the formulation and operation of stabilization policies.
FIN6621 Financial Analysis
This course is intended for people with prior knowledge of financial analysis or with strong analytical backgrounds.
The course forms the foundation for subsequent courses in corporate finance, security analysis, investments, and
speculative markets. Its purpose is to develop a framework for analyzing a firm's investment and financing decisions.
The course will provide an introduction to capital budgeting techniques under uncertainty, asset valuation, the
operation and efficiency of capital markets, and the optimal capital structure of the firm.
MAN6621 Management of People at Work
Work is a dominant theme in the lives of most people. The way people are managed at work affects the quality
of their lives as individuals, the effectiveness of organizations, and the competitiveness of nations. The material
in this course develops some of the basic themes associated with managing people. In many cases, these themes make
use of basic concepts that transcend the work place, such as the psychology of individual behavior or of work groups.
The basic issues associated with managing employees include issues associated with motivation and job satisfaction,
the design of jobs and employee empowerment, group behavior and teamwork (including arrangements such as quality
of work life programs), and leadership. The course concludes with a discussion of alternative models or systems
of managing employees -- for example, the dominant Japanese employment system as contrasted with traditional practices.
MAN6652
Foundations of Leadership and Teamwork
Only first-year MBAs are permitted to take this course. Its main goal is to enhance one's capacity to lead
effectively and responsibly in getting things done with others in the contemporary global business environment.
Class sessions are highly interactive and action learning is emphasized. Learning teams of five or six students,
which work on projects in this and other courses throughout the core curriculum, are developed in this course.
Individuals and teams learn through a variety of methods, including peer and team feedback.
MAN6653 Field Application Project
The course is intended to help students frame unstructured business problems. Student teams must identify what
the central issues are and determine the most appropriate tools and concepts from the core curriculum to apply
in order to provide insight into these issues. This approach helps develop a cross-functional approach to business
issues. As part of the course, there is also a module to enhance the students' communications skills.
MAN6654 Competitive Strategy
This course focuses on the competitive strategy of the firm, examining issues central to its long- and short-term
competitive position. Students are placed in the role of key decision makers and asked to address questions related
to the creation or reinforcement of competitive advantage. The initial focus is on industry analysis and competitive
advantage as it derives from the firm's strategic investments. We then focus on the development of firm-specific
capabilities that contribute to competitive advantage. The process through which strategic decisions are made is
then examined. We then address the logic of resource allocation in the diversified firm to enhance competitive
advantage in each market. We discuss the role of organizational coalitions in influencing resource allocation in
the firm.
MAN6655 Global Strategic Management
This course is an introductory course on the strategic management of multinational corporations (MNCs), focusing
on the creation of competitive advantage in a global context. It examines three levels of analysis: trends in the
competitive environment in which MNCs operate, changing ways MNCs organize and conduct global operations, and the
changing roles of MNC management. The course also introduces examples of operating challenges facing MNCs. Some
of these challenges have included strategic alliances, regional and country management, and competition from emerging
economies.
MKT6621 Marketing Management: Program Design
This course addresses the management challenge of designing and implementing the best combination of marketing
variables to carry out a firm's strategy in its target markets. Specifically, this course seeks to develop the
student's skills in applying the analytic perspectives, decision tools, and concepts of marketing to such decisions
as product offering (including the breadth of product line, features, quality level, and customer service), communications
programs (with an emphasis on advertising, sales promotion, and the sales force), distribution channels (the role
of distributors, retailers, and other intermediaries), and pricing to capture the value created for the customer.
The student's basic objective is to develop his/her own understanding and management skills in this critical aspect
of general management. The instructors' primary objective is to stimulate and guide this process. The course uses
lectures and case discussions, two group case write-ups and a case analysis final examination to achieve these
joint objectives.
MKT6622 Marketing Management: Strategy
In common with Marketing 621, the primary objective of this course is to introduce you to the concepts and
theories underlying marketing decision making. Marketing 6622 builds upon Marketing6621 with a stronger emphasis
on the strategic considerations that drive and integrate the decisions made for each element of the marketing mix.
Principal topics include resource allocation, market entry/exit decisions, and competitive analysis. In addition
to a mix of cases and lectures, the course relies on a comprehensive computer simulation game that helps highlight
these issues and provides the class with a rich set of realistic examples for discussion and analysis. This game
allows students to appreciate the real power and value of marketing concepts, develop a disciplined approach to
the analysis of marketing situations, and to further enhance their abilities to communicate and interact with peers
in solving problems.
STA6621 Statistical Analysis for Management
This course considers the use of two key statistical methodologies: regression analysis and experimentation.
Regression analysis is a ubiquitous tool that permeates most of applied statistics. This course considers the application
of regression in various contexts. The use of regression diagnostics and various graphical displays supplements
the basic numerical summaries and provides insight into the validity of the modeling approach.
The coverage of experimentation introduces the notion of a statistical experiment. It is shown how a manager can
design an experiment that will yield reliable, appropriate answers to various business questions, such as how to
combine factors to produce the highest quality manufacturing scheme. The course also introduces the statistical
methods used in the analysis of data from experiments. These methods, collectively known as the analysis of variance,
provide an important addition to the standard suite of regression techniques.
Specific important topics covered include least squares estimation, residuals and outliers, tests and confidence
intervals, correlation and autocorrelation,
co linearity, and randomization. The presentation relies upon computer
software for most of the needed calculations, and the resulting style focuses on construction of models, interpretation
of results, and critical evaluation of assumptions.
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Concentration Courses
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