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Risk Management REST Option - 2019-20

Smeal College of Business baccalaureate degree requirements in Risk Management (RM_BS) with the Real Estate (REST) Option for Academic Year 2019-20. Students new to Penn State in summer 2019, fall 2019 or spring 2020 follow this set of requirements.

Smeal College - Risk Management Department

B.S. Risk Management (RM_BS) Real Estate (REST) Option – Academic Year 2019-20

RM_BS - REST Option Suggested Academic Plan - 2019-20

A. GENERAL EDUCATION

    a. Writing and Speaking (GWS) – Complete 3 credits in each area with grades of C or better (9 credits)
        i. Composition – ENGL 015 (3), ENGL 030 (3), ESL 015 (3), ENGL 137H (3), or CAS 137H (3)
        ii. Speech – CAS 100 (3), CAS 100A (3), CAS 100B (3), CAS 100C (3), CAS 138T (3), or ENGL 138T (3)
        iii. Effective Writing – ENGL 202D (3)
      b. Quantification (GQ) – Complete the following two categories with grades of C or better
          i. Calculus – MATH 110 (4), MATH 140 (4), or MATH 140B (6)
          ii. Statistics – SCM 200 (4) or STAT 200 (4)
        c. Global, Cultural, and Integrative Studies – Courses may satisfy General Education, Major, or Elective requirements
            i. Complete 6 Inter-Domain (N) and/or Linked (Z) credits
            ii. Complete 3 United States Culture (US) credits
            iii. Complete 3 International Culture (IL) credits
        d. Natural Sciences (GN) – Complete 9 GN credits with at least 3 credits that are not Inter-Domain
        e. Arts (GA) – Complete 6 GA credits with at least 3 credits that are not Inter-Domain
        f. Humanities (GH) – Complete 6 GH credits with at least 3 credits that are not Inter-Domain
        g. Social and Behavioral Sciences (GS) - Complete the following two categories (6 credits)
            i. ECON 102 – Introductory Microeconomic Analysis and Policy (3)
            ii. Complete 3 GS credits (3)
        h. Health and Wellness (GHW) - Complete 3 GHW credits that are not Inter-Domain

        B. COLLEGE REQUIREMENTS

          a. World Language – Demonstrate proficiency at the 12th credit level (4 credits)
            b. ECON 104 – Introductory Macroeconomic Analysis and Policy (3 credits)
              c. Foundation Business Courses – Take all of the following at Penn State with grades of C or better (13 credits)
                    ACCTG 211 – Financial and Managerial Accounting for Decision Making (4) [Prerequisite: MATH 21 or higher or satisfactory score on the mathematics placement examination]
                    MGMT 301 – Basic Management Concepts (3) [Prerequisite: (ENGL/ESL 15 or ENGL 30 or ENGL/CAS 137H) and (ECON 102 or 104) and MATH 21 or higher or satisfactory score on the mathematics placement examination]
                    MKTG 301 – Principles of Marketing (3) [Prerequisite: (ENGL/ESL 15 or ENGL 30 or ENGL/CAS 137H) and (ECON 102 or 104) and MATH 21 or higher or satisfactory score on the mathematics placement examination]
                    FIN 301 – Corporation Finance (3) [Prerequisite: (ENGL/ESL 15 or ENGL 30 or ENGL/CAS 137H) and ACCTG 211 and (ECON 102 or 104) and (SCM 200 or STAT 200)]
                d. Core Business Courses - Take all of the following prescribed courses (15 credits)
                    SCM 301 – Supply Chain Management (3) [Prerequisite: ACCTG 211 and ECON 102 and (SCM 200 or STAT 200)]
                    MIS 250 – Introduction to Problem Solving with Spreadsheet Analysis and Information Systems Management (3)
                    BA 342 – Socially Responsible, Sustainable and Ethical Business Practice (3) [Prerequisite: MGMT 301/301W; Concurrent: FIN 301 and MKTG 301 and SCM 301]
                    BLAW 341 – Business Law I: Introduction to Contracts, Liability Issues, and Intellectual Property (3) [Prerequisite: MGMT 301/301W; Concurrent: FIN 301 and MKTG 301 and SCM 301]
                    BA 411 – Analyzing Business and Industry (3) [Prerequisite: BLAW 341 and FIN 301]

               

              PLEASE NOTE: Smeal College of Business Residency Policy - Pursuant to accreditation standards of the Association to Advance Collegiate Schools of Business (AACSB), the Smeal College of Business requires that all upper-division courses within the sponsoring department must be completed in residence at University Park under the instruction of Smeal College faculty. Students in the Risk Management (RM_BS) with the Real Estate (REST) Option major must complete all of the following prescribed and additional courses in residence with Smeal College faculty.

               

              C. PRESCRIBED RISK MANAGEMENT COURSES – Take all of the following prescribed courses (15 credits)

                A grade of C or better is required in all courses.
                    RM 301 – Risk and Decisions (3) [Prerequisite: FIN 301 and (MATH 110 or MATH 140) and (SCM 200 or STAT 200)
                    RM 330W – Real Estate Risk Analysis (3) [Prerequisite: 5th semester standing or higher] (fall semester)
                    RM 450 – Contemporary Issues in Real Estate Markets (3) [Prerequisite: RM 303 or RM 330W]
                    RM (FIN) 460 – Real Estate Financial Analysis (3) [Prerequisite: FIN 305W or RM 303, or RM 330W] (fall semester)
                    RM (FIN) 470 – Real Estate Capital Markets (3) [Prerequisite: FIN 305W or RM 303, or RM 330W] (spring semester)

              D. ADDITIONAL RM_BS, REAL ESTATE OPTION COURSES – Select one course from the following (3 credits)

                A grade of C or better is required in all courses.
                    FIN 406 – Security Analysis and Portfolio Management (3) [Prerequisite: FIN 301]
                    RM (BLAW) 424 – Real Estate Law (3) [Prerequisite: BLAW 341]
                    RM (BLAW) 425 – Business and Environmental Regulation (3) [Prerequisite: BLAW 341]
                    RM 475 – Quantitative Analysis for Business (3) [Prerequisite: SCM 200 or STAT 200] (spring semester)
                    RM 480 – International Real Estate Markets (3) [Prerequisite: RM 303 or RM 330W]

                E. SUPPORTING COURSES: Smeal Two-Piece Sequence – Select one Two-Piece Sequence from the list below (6 credits)

                F. ELECTIVES – Complete 14 credits

                SUPPORTING COURSES LIST (Smeal College Two-Piece Sequence) – Select one two-piece sequence (6 credits)

                    Accounting – Select two courses from the following
                        ACCTG 404 – Managerial Accounting: Economic Perspective (3) [Prerequisite: ACCTG 211 and (SCM 200 or STAT 200) and ECON 102]
                        ACCTG 471 – Intermediate Financial Accounting I (3) [Prerequisite: ACCTG 211]
                        ACCTG 472 – Intermediate Financial Accounting II (3) [Prerequisite: ACCTG 471]
                      Actuarial Science – Take the following two courses
                          RM 410 – Financial Mathematics for Actuaries (3) [Prerequisites: C or better in STAT/MATH 414 and (MATH 230 or MATH 231)]
                          RM 411 – Actuarial Mathematics I (3) [Prerequisite: C or better in RM 410]
                        Business Law – Select two courses from the following
                            BLAW 424 – Real Estate Law (3) [Prerequisite: BLAW 341]
                            BLAW 425 – Business and Environmental Regulation (3) [Prerequisite: BLAW 341]
                            BLAW 441 – Agency, Employment and Business Structure (3) [Prerequisites: BLAW 341 and FIN 301]
                            BLAW 444 – Advanced UCC and Commercial Transactions (3) [Prerequisites: BLAW 341, ACCTG 211, and FIN 301]
                            BLAW 445 – Advanced Intellectual Property and Competition Law (3) [Prerequisite: BLAW 441]
                            BLAW 446 – Employment Law (3) [Prerequisite: BLAW 441]
                            BLAW 447 – Entertainment Law (3) [Prerequisite: BLAW 341]
                          Business Sustainability – Take the following two courses
                              BA 441 – Strategies for Enterprise Sustainability (3) [Prerequisite: BA 342]
                              BA 442 – Sustainable Behavior of Consumers, Firms and Societies (3) [Prerequisite: BA 342]
                            Corporate Benefits – Take the following two courses
                                RM 401 – Fundamentals of Private Pensions (3) [Prerequisite: RM 302 or RM 320W]
                                RM 430 – Life and Health Insurance (3) [Prerequisite: RM 302 or RM 320W]
                              Corporate Diversity – Take the following two courses
                                  MGMT 320 – Establishing Workforce Diversity and Inclusion (3)
                                  MGMT 445 – Managing a Diverse Workforce (US) (3) [Prerequisite: MGMT 301]
                                Corporate Innovation and Entrepreneurship – Take the following two courses
                                    MGMT 425 – New Venture Creation (3) [Prerequisite: (ECON 102 or ECON 104) and (CAS 100 or CAS 137T)]
                                    MGMT 453 – Creativity and Innovation (3) [Prerequisite: MGMT 301]
                                  Economics – Select courses based on the following
                                      a. Select 3 credits of 300/400 level Economics
                                      b. Select 3 credits of 400 level Economics
                                    Finance – Select two courses from the following
                                        FIN 305 – Financial Management of the Business Enterprise (3) [Prerequisite: FIN 301]
                                        FIN 406 – Security Analysis and Portfolio Management (3) [Prerequisite: FIN 301]
                                        FIN 408 – Financial Markets and Institutions (3) [Prerequisite: FIN 301]
                                      Hospitality Management Management – Select two courses from the following
                                          HM 480 - Advanced Hotel Management (3) [Prerequisites: HM 380 and a grade of C or better in HM 336]
                                          HM 482 - Hospitality Real Estate (3) [Prerequisite: A grade of C or better in HM 201; Concurrent: HM 336)]
                                          HM 483 - Revenue Management (3) [Prerequisite: A grade of C or better in HM 350]
                                        Information Systems Management – Take the following two courses
                                            MIS 301 – Business Analytics (3) [Prerequisite: SCM 200 or STAT 200; Concurrent: (MATH 110 or MATH 140) and (MIS 204 or MIS 250)]
                                            MIS 446 – Information Technology and Business Strategy (3) [Prerequisite: MIS 301 or MIS 390]
                                          International Business – Select two courses from the following
                                              IB 303 – International Business Operations (IL) (3) [Prerequisite: 5th semester standing or higher]
                                              IB 403 – International Business and National Policies (3) [Prerequisites: ACCTG 211 and FIN 301]
                                              IB 404 – Contemporary Issues in International Business (3) [Prerequisites: ACCTG 211 and FIN 301]
                                              IB 450 – Business Environment of Europe (3) [Prerequisite: ACCTG 211; FIN 301]
                                              IB 460 – International Business in Emerging Nations (3) [Prerequisites: ACCTG 211and FIN 301; Concurrent: IB 303]
                                              IB 470 – International Development in an African Context (3) [Prerequisite: 5th semester standing or higher]
                                            Management – Select courses based on the following
                                                a. Take the following course
                                                  MGMT 326 – Organizational Behavior and Design (3) [Prerequisite: MGMT 301]
                                                b. Select one of the following courses
                                                  MGMT 461 – International Management (IL) (3) [Prerequisite: MGMT 301]
                                                  MGMT 471 – Strategic Management (3) [Prerequisite: MGMT 326; Concurrent: BA 411]
                                              Marketing – Select courses based on the following
                                                  a. Select one of the following courses
                                                    MKTG 330 – Consumer Behavior (3) [Prerequisite: MKTG 301]
                                                    MKTG 327 – Retailing (3) [Prerequisite: MKTG 301]
                                                  b. Select one of the following courses
                                                    MKTG 445 – Global Marketing (IL) (3) [Prerequisite: MKTG 301]
                                                    MKTG 422 – Advertising and Sales Promotion Management (3) [Prerequisite: MKTG 330 or MKTG 342]
                                                Risk Management – Take the following two courses
                                                    RM 302 – Risk and Insurance (3) [Prerequisite: 4th semester standing or higher]
                                                    RM 440 – Risk, Strategy, and Decision Making (3) [Prerequisite: RM 320W or RM 330W]
                                                  Statistics – Select two courses from the following
                                                      STAT 461 - Analysis of Variance (3) [Prerequisite: STAT 200 or SCM 200]
                                                      STAT 462 - Applied Regression Analysis (3) [Prerequisite: STAT 200 or SCM 200]
                                                      STAT 463 - Applied Time Series Analysis (3) [Prerequisite: STAT 462 and (STAT/MATH 318 or STAT/MATH 414)]
                                                    Supply Chain and Information Systems – Select two courses from the following
                                                        SCM 404 – Demand Fulfillment (3) [Prerequisite: SCM 301]
                                                        SCM 405 – Manufacturing and Services Strategies (3) [Prerequisite: SCM 301]
                                                        SCM 406 – Strategic Procurement (3) [Prerequisite: SCM 301]

                                                      In lieu of completing a two-piece sequence, students in Risk Management (RM_BS) with the Real Estate (REST) Option may complete one of the designated University minors listed below provided the program has a minimum of six credits of 400-level coursework to use in the two-piece category.

                                                        Smeal College Minors
                                                            Information Systems Management - ISM_UMNR
                                                            International Business - IB_UMNR
                                                            Legal Environment of Business - LEBUS_UMNR
                                                            Supply Chain and Information Sciences & Technology - SCIST_UMNR
                                                        Penn State Minors
                                                            Economics - ECON_UMNR
                                                            Information Sciences and Technology - IST_UMNR
                                                            Mathematics - MATH_UMNR
                                                            Statistics - STAT_UMNR
                                                        World Language Minors
                                                            Arabic Language - ARAB_UMNR
                                                            Chinese Language - CHNS_UMNR
                                                            French and Francophone Studies - FR_UMNR
                                                            German - GER_UMNR
                                                            Greek - GREEK_UMNR
                                                            Hebrew - HEBR_UMNR
                                                            Italian - IT_UMNR
                                                            Japanese Language - JAPNS_UMNR
                                                            Korean Language - KORLG_UMNR
                                                            Latin - LATIN_UMNR
                                                            Portuguese - PORT_UMNR
                                                            Russian - RUS_UMNR
                                                            Russian Translation - RUST_UMNR
                                                            Spanish - SPAN_UMNR