Core Curriculum and Majors MBA Academic Affairs, August 8, 2017 - - PowerPoint PPT Presentation

Core Curriculum and Majors

MBA Academic Affairs, August 8, 2017

What do I need to earn my Wharton MBA?

2

Quarter Quarter Semester

0.5CU 1.0CU 0.5CU

Credit Units 2-years’ tuition = 21CUs Master’s Degree = 19CUs

Academic Affairs

The Fixed Core MBA Curriculum

Academic Affairs 3

Your First Year (an example)

4

Fall Spring

August Quarter 1 Quarter 2 Quarter 3 Quarter 4 MGMT610

Foundations of Teamwork and Leadership

MKTG611

Marketing Management

MGEC611

Microeconomics for Managers

STAT613

Regression Analysis for Business

Flex Core/Elective Flex Core/Elective Flex Core/Elective MGEC612

Microeconomics for Managers

Flex Core/Elective Flex Core/Elective Flex Core/Elective Flex Core/Elective

• r

WHCP 612 or WHCP 615 (.25 cu) WHCP 612 or WHCP 615 (.25 cu)

• r

WHCP 611/620 Management Comm/ Writing Requirement (.25cu) WHCP 611/620 Management Comm/ Writing Requirement (.25cu)

Academic Affairs

5

MANAGEMENT

MGMT610: Foundations of Teamwork & Leadership 0.5 CU August

from the MGMT610: Foundations of Teamwork & Leadership syllabus… This course focuses on developing your knowledge and skill set for teamwork and leadership. The course is meant to be an intense immersion experience that draws strongly on the pedagogy of the ‘Wharton Teamwork and Leadership Simulation,” a team-based, highly interactive simulation that was custom-designed and written by Wharton faculty for Wharton students specifically to allow you to experience the core concepts that you will learn in this class. The 3 goals of this course are for you to learn about:

• Leadership behaviors: how to enact the skills that contribute to a team’s effective performance
• Team dynamics: how to be an effective team member, as well as how to best design work teams
• Organizational awareness: understanding organizational change and culture

Academic Affairs

6

MARKETING

MKTG611: Marketing Management 0.5 CU Q1: Fall

The first-quarter marketing course (MKTG 611) has two main objectives:

• First, to help you develop an understanding of how organizations can benefit from creating and

delivering superior value to their customers and stakeholders.

• Second, to learn skills in applying analytic perspectives, decision tools and frameworks so you can

build a disciplined approach to the analysis of business situations and develop successful marketing plans. from the MKTG611: Marketing Management syllabus… This course addresses the management challenge of designing and implementing the best combination of marketing actions to carry out a firm’s strategy in its target markets. Specifically, the course seeks to develop your skills in applying the analytic perspectives, decision tools, and concepts of marketing to business decisions.

Academic Affairs

7

MICROECONOMICS FOR MANAGERS

MGEC611: Microeconomics for Managers 0.5 CU Q1: Fall MGEC612: Microeconomics for Managers (Advanced) 0.5 CU Q2: Fall

Topics covered in MGEC611 and MGEC612 include:

• Market demand
• Equilibrium and Elasticity
• Government Interventions: Taxes and other

Regulation

• Production and Supply Curves
• Producing in Perfectly Competitive Industries
• Producing with Market Power: Monopoly
• Pricing in Vertical Markets
• Simultaneous Move Games
• Sequential and Repeated Games
• Repeated and Infinite Game
• Bidding and Selling in Auctions

Academic Affairs

8

STATISTICS

STAT613: Regression Analysis for Business 1.0 CU Fall

• r

STAT621: Accelerated Regression Analysis for Business 0.5 CU Q1: Fall

from the STAT613: Regression Analysis for Business syllabus… This course provides the fundamental methods of statistical analysis, the art and science if extracting information from data. The course will begin with a focus on the basic elements of exploratory data analysis, probability theory and statistic inference. With this as a foundation, it will proceed to explore the use of the key statistical methodology known as regression analysis for solving business problems. These methods and their application will reappear in many other MBA classes and are part of the basic “tool kit” expected of all MBAs in their careers.

Academic Affairs

9

COMMUNICATIONS

WHCP611: Management Communication 0.25 CU Q1 or Q2: Fall WHCP620: Writing Requirement 0.0 CU Q1 or Q2: Fall

The Writing Requirement is a requirement for graduation and cannot be

• waived. It responds to:
• Wharton Alumni: Effective writing was a key contributor to

career success.

• Recruiters: Among MBAs, the ability to write well is one of the

least common, but most valued skills sought by employers.

Academic Affairs

10

Next Steps:

• An email from the Office of Academic Affairs during pre-term will

direct you to a link to begin the writing requirement.

• The email’s subject line will read: Wharton Writing Requirement:

How to Begin

• First assignment due Monday, August 17th @ 11:59pm.
• Questions: Brennan Maier: bmaier@wharton.upenn.edu

Academic Affairs

Check in for: STAT 613/621 MKTG 611 MGEC 611 MGEC 612:

WHARTON CONNECT APP

Academic Affairs 11

Academic Affairs 12

Click on the drop down menu to select your reason for absence.

• Personal Illness and

Personal or Family Emergency require no further explanation and are deemed excused.

• Religious Observance,

Wharton Connect App Issue & Other require a typed explanation and are not automatically deemed excused.

HOW TO RESPOND TO ABSENCES:

The Flexible Core MBA Curriculum

Academic Affairs 13

ACCOUNTING

ACCT 611: Financial Accounting 1.0 CU Fall ACCT 612: Accelerated Financial Accounting 0.5 CU Q1: Fall ACCT 613: Financial and Managerial Accounting 1.0 CU Fall or Spring Requirement: Complete one (1) of these courses.

from an ACCT611 syllabus… The course begins with an overview of the procedures necessary to prepare and understand the balance sheet, income statement and statement of cash flows. The remainder of the course examines the accounting for the most common and significant transactions of a firm… from an ACCT613 syllabus… …the course also introduces elements of managerial accounting and emphasizes the development and use of accounting information for internal decisions.

Academic Affairs 14

FINANCE: CORPORATE FINANCE

FNCE 611: Corporate Finance 1.0 CU Fall or Spring FNCE 612: Accelerated Corporate Finance 0.5 CU Q1: Fall FNCE 614: Introduction to Corporate Finance 0.5 CU Q3: Spring Requirement: Complete one (1) of these courses.

FNCE 611 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

• bjective is to provide the framework, concepts, and tools for analyzing financial decisions based
• n 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
• f capital, dividend policy, and related issues

Academic Affairs 15

FINANCE: MACROECONOMICS

FNCE 613: Macroeconomics and the Global Economy 1.0 CU Fall or Spring FNCE 615: Introduction to Macroeconomics 0.5 CU Q3: Spring Requirement: Complete one (1) of these courses.

The purpose of FNCE 613 is to train students 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..

Academic Affairs 16

MANAGEMENT

MGMT 611: Managing the Established Enterprise 1.0 CU Fall or Spring MGMT 612: Managing the Emerging Enterprise 1.0 CU Fall or Spring Requirement: Complete one (1) of these courses.

from a MGMT611 syllabus… A general manager needs to understand the internal workings of a firm, how to assess and create a strategy, and how to take into account increasing globalization... this course will provide you with an integrated view of these challenges and show you that successful management in the 21st century requires a combination of insights drawn from economics, sociology, psychology and political economy. from a MGMT612 syllabus… This course deals with central issues in the field of management as illustrated through the context of emerging enterprises and small businesses as they grow over time. We focus the attention on the human capital, strategic, and international opportunities and challenges confronting emerging enterprises

Academic Affairs 17

MARKETING

MKTG 612: Dynamic Marketing Strategy 0.5 CU Q2 and Q4 MKTG 613: Strategic Marketing Simulations 0.5 CU Winter break and Q4

from a MKTG612 syllabus… We will focus specifically on issues such as the selection of which businesses and segments to compete in, how to allocate resources across businesses, segments, and elements of the marketing mix, as well as

• ther significant strategic issues facing

today’s managers in a dynamic competitive environment. from a MKTG613 syllabus… This simulation, SABRE, will occupy a significant part of our time and activity in the

• course. You will be assigned to a SABRE

team where each team will be charged with managing a firm in an unfamiliar new market where in each “SABRE period” you will make a wide range of decisions including what new products to bring out, when, and how to market them.

Requirement: Complete at least one (1) of these courses.

Academic Affairs 18

Requirement: Students are required to complete two 0.5CU OIDD flex core courses,

• ne of which must be OIDD 611 or OIDD 615

OIDD 611 emphasizes the design of business processes to maximize productivity and to achieve world- class quality. The course details different kinds of business processes and explains how to measure key process parameters like capacity and lead time. The course also covers process improvement and examines classic ideas in quality management. OIDD 612 is a course on business analytics tools and their application to management problems. Its main topics are optimization, decision making under uncertainty, and simulation. The emphasis is on business analytics tools that are widely used in diverse industries and functional areas, including operations, finance, accounting, and marketing.

OPERATIONS, INFORMATION AND DECISIONS

OIDD 611: Quality and Productivity 0.5 CU

Spring

OIDD 612: Business Analytics 0.5 CU

Fall & Spring

OIDD 613: Information and Business Transformation 0.5 CU

Fall

OIDD 614: Innovation 0.5 CU

Spring

OIDD 615: Operations Strategy 0.5 CU

Fall

Academic Affairs 19

OIDD613 focuses on the impact of information on management. Prepares students to master information as a strategic asset, and combines theory, models, and case studies. Targeted at students interested in a career in strategic consulting or marketing strategy, and at students who need a solid command of valuation of

• nline businesses in order to pursue a career in private equity.

OIDD614 is built around the concept of an innovation tournament. An innovation tournament is a structured process in which a group of people participate in generating and evaluating ideas. OIDD615 Operations strategy is about organizing people and resources to gain a competitive advantage in the delivery of products (both goods and services) to customers. This course approaches this challenge primarily from two perspectives: 1) how should a firm design their products so that they can be profitably

• ffered; 2) how can a firm best organize and acquire resources to deliver its portfolio of products to
• customers. To be able to make intelligent decisions regarding these high-level choices, this course also

provides a foundation of analytical methods.

OPERATIONS, INFORMATION AND DECISIONS

OIDD 611: Quality and Productivity 0.5 CU

Spring

OIDD 612: Business Analytics 0.5 CU

Fall & Spring

OIDD 613: Information and Business Transformation 0.5 CU

Fall

OIDD 614: Innovation 0.5 CU

Spring

OIDD 615: Operations Strategy 0.5 CU

Fall

Academic Affairs 20

LEGAL STUDIES & BUSINESS ETHICS

LGST 611: Responsibility in Global Management 0.5 CU Fall & Spring LGST 612: Responsibility in Business 0.5 CU Fall & Spring Requirement: You must complete at least one (1) of these courses.

LGST611 examines difficult ethical conflicts and dilemmas that arise in a global business

• context. It is designed to reveal common

patterns of success and failure in dealing with ethical decisions in business. It is also designed to reveal common patterns of success and failure Topics covered:

• Moral Development and Moral

Responsibility

• Ethical Decision Making
• Corporate Social Responsibility
• Ethical Obligations in International Business
• Outsourcing and Layoffs
• Comparative Corporate Governance
• Responsibilities for poverty and

sustainability LGST 612: the focus of the course will be on developing skills in ethical and legal analyses that can assist managers as they make both individual-level and firm-level decisions about the responsible courses of action when duties, loyalties, rules, norms, and interests are in

• conflict. The goals of the course is to identify

and critically think about legal and ethical or moral issues in business. Topics covered:

• Honesty, truthfulness, and transparency
• Securities Fraud and Insider Trading
• Politics and Government
• Competition, Unfair advantage and conflict
• f interests
• Discrimination and Affirmative Action

Academic Affairs 21

22

COMMUNICATIONS

WHCP612: Advanced Persuasive Speaking

• Convincing Business Audiences
• Crisis Communications
• Fundamentals for Prospective Entrepreneurs

0.25 CU Q3 or Q4: Spring

• r

WHCP615: Comm. Challenges for Entrepreneurs 0.25 CU Q3 or Q4: Spring

Academic Affairs

Your first year by the numbers…

Approximately 40% of first year students do not waive any courses.

4.75- 5.75CU

9CU = Core curriculum

9 - 10CU

Average number of credit units completed in 1st year

5CU

Majors including 1CU from core

Average number

• f credits in 1st

semester

77%

Complete FNCE core in first semester

Completed ACCT core in first semester

63%

Academic Affairs 23

Academic Affairs 24

0% 10% 20% 30% 40% 50% 60%

Management Marketing Operations Legal Studies

Fall Year 1 Spring Year 1 Fall Year 2 Spring Year 2

Flex Core by the numbers...

Fall schedule: Entrepreneur

Fall

August Quarter 1 Quarter 2 MGMT610

Foundations of Teamwork and Leadership

MKTG611

Marketing Management

MGEC611

Microeconomics for Managers

STAT613

Regression Analysis for Business

MGMT 801

Entrepreneurship

MGEC612

Microeconomics for Managers WHCP 611/620* Management Comm/ Writing Requirement (.25 cu)

• Elon wants to double major in

FNCE & EMGT

• Plans to study in SSF
• Would like to work on his

start up while at Wharton

• Total CU: 5.75CU

FNCE611

Corporate Finance

MGMT 612

Managing the Emerging Enterprise

FNCE611

Corporate Finance

Academic Affairs 25

Fall schedule: Consultant

Fall

August Quarter 1 Quarter 2 MGMT610

Foundations of Teamwork and Leadership

MKTG611

Marketing Management

MGEC611

Microeconomics for Managers

STAT621

Accelerated Regression Analysis

MGEC612

Microeconomics for Managers WHCP 611/620* Management Comm/ Writing Requirement (.25 cu)

• Sheryl wants to major in

MGMT and maybe OIDD

• Plans to recruit in consulting

so she would prefer to keep Q2 lighter

• Changing careers from ACCT
• Total CU: 5.25CU

OIDD 615

Operations Strategy

MGMT 611

Managing the Established Enterprise

ACCT 612

Accelerated Financial

Accounting

Academic Affairs 26

OIDD 673

Global Supply Chain Management

Fall schedule: Investment Banking

Fall

August Quarter 1 Quarter 2 MGMT610

Foundations of Teamwork and Leadership

STAT621

Accelerated Regression Analysis

MGEC612

Microeconomics for Managers WHCP 611/620* Management Comm/ Writing Requirement (.25 cu)

• Ruth was an undergraduate

business major

• Ruth plans to major in FNCE

and ACCT

• She plans to recruit in

Investment Banking

• Is most interested in

quantitative courses

• Total CU: 5.75CU

OIDD 615

Operations Strategy

FNCE 751

Buyouts and Acquisitions

ACCT 742

Problems in Financial Reporting

MKTG612

Dynamic Marketing Strategy

FNCE 726

Advanced Corporate Finance

Academic Affairs 27

Fall schedule: Healthcare Management

Fall

August Quarter 1 Quarter 2 MGMT610

Foundations of Teamwork and Leadership

MKTG611

Marketing Management

MGEC611

Microeconomics for Managers

STAT621

Accelerated Regression Analysis

MGEC612

Microeconomics for Managers WHCP 611/620* Management Comm/ Writing Requirement (.25 cu)

• Mehmet is in the Healthcare

Management Program

• Plans to recruit in Healthcare

start ups

• Changing careers from

Consulting

• Total CU: 5.25CU

OIDD 615

Operations Strategy

HCMG 841

Healthcare Services

FNCE611

Corporate Finance

Academic Affairs 28

Fall Schedule: Non Traditional Student

Fall

August Quarter 1 Quarter 2 MGMT610

Foundations of Teamwork and Leadership

MKTG611

Marketing Management

MGEC611

Microeconomics for Managers

STAT613

Regression Analysis

MGEC612

Microeconomics for Managers WHCP 611/620* Management Comm/ Writing Requirement (.25 cu)

• Warren has never studied

business before and does not have a strong quant background

• Plans to recruit in Real Estate
• Changing careers from

education

• Would prefer a lighter course

load for Fall at 4.75CU

LGST 612

Responsibility in Global Management

MGMT 611

Managing the Established Enterprise

Academic Affairs 29

Majors & Electives MBA Curriculum

Academic Affairs 30

Major Requirements

Academic Affairs 31

Most majors require from 5 to 6 CU including 1 CU from core curriculum

Some majors permit students to take an elective course pass/fail

Each major has a designated Faculty advisor

Up to 2CU of cross listed courses can be counted towards two majors (i.e. MGMT690/OIDD 690)

Academic Affairs 32

When do hen do I cho hoose a a major? r?

Academic Affairs 33

You have already chosen a major! Whatever major you indicated on your application is now showing on your transcript.

.

Your major can be changed at any time by emailing

mbaprogram@Wharton.u penn.edu

TO O CHANGE A A MAJ AJOR

Before changing your major, check with ISSS to ensure it will not affect your immigration documentation.

INTERNATIONAL STUDENTS

In the spring of your second year, you will be asked to confirm your major(s) and the Academic Affairs Office will complete an audit of your transcript to ensure you have met the requirements.

IN Y YOUR SECON OND Y YEAR AR

Double Major: FINANCE & ENTREPRENEURIAL MANAGEMENT

Academic Affairs 34

FINANCE (6 CU)

ENTREPRENEURIAL MANAGEMENT (5 CU) FNCE 611 Corporate Finance MGMT 611/612 Managing the Established/Emerging Enterprise FNCE 613 Macroeconomics MGMT 801 ENTREPRENEURSHIP FNCE 720 Investment Management OIDD 636 Scaling Operations FNCE 726 Adv Corporate Finance LGST 813 Legal Aspects of Entrepreneurship FNCE 750 Venture Capital and the Finance of Innovation FNCE 750 Venture Capital and the Finance of Innovation FNCE 751 Finance of Buyouts and Acquisitions FNCE 751 Finance of Buyouts and Acquisitions

Academic Calendar Fall 2017

Academic Affairs 35

36

Academic Calendar

Academic Affairs

Upcoming Dates

Academic Affairs 37

December 14 ‐ December 21

Final exams for Q2 and Full Semester Core and Elective courses

August 21 Course Match closes at 12:00pm (noon) September 5 Last day to drop, without penalty, Q1

• r Full Semester

courses at capacity October 12 ‐ October 18

Q1 Core Exams

Academic Affairs 38

Potential Conflicts with Academic Schedules

SUBHEADING

First point Second point Third point

Academic Resources

Academic Affairs 39

Teaching Assistants & Recitations

Academic Advisor Walk-in hours

Counseling and Professional Services Faculty Office Hours Academic Fellows Student Disabilities Services

1-on-1 Academic Advising

Marks Family Writing Center

Weingarten Learning Resource Center Tutors @ Wharton

Pre-Term Academic Advising

Academic Advising Appointments: Sunday, August 13 - Sunday, August 20 Course Match Group Advising: Monday, August 21st 9-11am

Academic Affairs 40

Curriculum Planning Worksheet

Academic Affairs 41

Questions?

Academic Affairs 42