Business Minors

Minors for Business Majors

Business students may select any of the minors that are available through the College of Humanities + Natural Sciences, the College of Music + Fine Arts, or the College of Social Sciences. Courses required for the minor will be counted as non-business electives toward fulfillment of the business curriculum. Upon completion of the non-business elective courses, nine additional hours from the minor may be applied to the business elective portion of the curriculum. Further information about specific requirements may be obtained in the College of Business office of student records and admissions.

Additionally, the college offers the following business minors for students with a business major: 

Accounting

Course Title Credits
ACCT B202 Financial Accounting for Decision-Making
3
ACCT B203 or
ACCT B410
 
Managerial Accounting for Decision-Making or
Strategic Cost Management
3
ACCT B205 Corporate Accounting + Reporting I 3
ACCT B206 Corporate Accounting + Reporting II 3
ACCT B### Accounting Elective (1), 300- or 400-level 3
ECON B100 Principles of Microeconomics 3
LGST B200 or
LGST B205
Business Law I or
Legal Environment of Business
3
  Total Credits
21

Additionally, Accounting minors may substitute ACCT B340 for MGT B250 in the business core.

International Business

Course Title Credits
INTB B200 Introduction to International Business
3
INTB B325 International Finance 3
INTB B330 International Marketing 3
INTB B435 Multinational Business Strategy
3
POLS or HIST Social Science Elective (1)* 3
FREN / GERM / ITAL
/ JPNS / SPAN / etc
Modern Foreign Language 6
  Total Credits 21

* Must have international focus (e.g. HIST A220, Latin America Studies)

Legal Studies

Course Title Credits
PHIL A201 or
PHIL A206
Practical Logic or
Introduction to Symbolic Logic
3
POLS A100 Introduction to American Government
3
SPCH A100 Fundamentals of Speech 3
Choose 4 below:   12
LGST B200 Business Law*
 
LGST B205 Legal Environment of Business*
 
LGST B210 Law for International Business
 
POLS A300 Constitutional Law I
 
POLS A301 Constitutional Law II
 
ACCT B300 Tax Accounting I
 
ECON B330 Law and Economics
 
CMMN A401 Law of Mass Communications**
 
  Total Credits
21

* Must include  1 of these courses.

** See Communications bulletin for prerequisites.

Minors for Non-Business Majors

Because business is an essential and unavoidable part of society, many students in non-business majors find that additional training in the business disciplines is of benefit to them in their career in music, fine art, education, science, or the humanities.

The College of Business offers the following business minors to all Loyola students:

Business

The psychologist who goes into private practice will soon discover that he or she is running a business. Drama majors will quickly learn that the theater is a business operation. The business minor is designed to provide a basic understanding of business functions to succeed in these and other areas.

The business minor consists of the following courses:

Course Title Credits
BA B100 Introduction to Business
3
ACCT B202 Financial Accounting for Decision-Making
3
ECON B100 Principles of Microeconomics 3
FIN B200 Personal Finance
3
LGST B205 Legal Environment of Business
3
MKT B280 Basic Marketing
3
MGT B245 Management + Organizational Behavior
3
  Total Credits
21

Economics

Economics is a study of human behavior and decision making. More specifically, economics is a way of thinking about human action and about how and why individuals make the choices which they make. The basic and enduring strength of economics is that it provides a logical, ordered way of looking at various problems and issues.

The economics minor consists of the following courses:

Course Title Credits
  College Math (Proficiency level)
3
ECON B100 Principles of Microeconomics
3
ECON B101 Principles of Macroeconomics 3
ECON B305 International Economics
3
ECON B### Economics Electives (3) 9
  Total Credits
21

Marketing

The marketing minor is designed for students with majors in disciplines outside business who will benefit in their future careers from a knowledge of the principles of marketing. The minor emphasizes decision-making within the framework of the total marketing process for people in such areas as advertising, communications, music, law, political science, public affairs, and psychology.

The marketing minor consists of the following courses:

Course Title Credits
BA B100 Introduction to Business
3
ECON B100 Principles of Microeconomics 3
MKT B280 Basic Marketing 3
MKT B3## / B4## Marketing Electives (4) 12
  Total Credits
21

Pre-M.B.A.

The pre-M.B.A. minor introduces the student to the functional areas of business and the basic tools of business analysis. In addition, the pre-M.B.A. minor provides the student with 5 of the 6 foundation courses required for the M.B.A. program at Loyola. The student with a pre-M.B.A. minor can begin immediately with M.B.A. core courses.

The pre-M.B.A. minor consists of the following courses:

Course Title Credits*
ACCT B202 Financial Accounting for Decision Making
3
DECS B205 Business Statistics
3
ECON B100** Principles of Microeconomics 3
ECON B101** Principles of Macroeconomics
3
MGT B245 Management + Organizational Behavior
3
FIN B300 Financial Management
3
  Total Credits 18

* A grade of B or higher must be earned in each course in order to waive the equivalent graduate course.

** Both ECON B100 and ECON B101 must be taken in order to fulfill the M.B.A. economics requirement.