Business Studies

Business Studies

PROGRAM OVERVIEW The curriculum is designed to prepare an individual for a variety of entry-level positions in business, to provide a strong foundation for graduate study in business or one of the business disciplines, to serve as a pre-law major that facilitates the 3 + 3 program with the law school, to accommodate some transfer students who have difficulty completing a full major in a business discipline because of self-imposed constraints, and to provide a strong second major for Economics majors and non-business majors.

While the other majors in the College of Business and Public Administration provide advanced, in-depth study of at least 18 hours in a single discipline, the business studies major provides some advanced study in at least four different business disciplines. Because there are no required courses in the major, it provides students with the opportunity to create a major that best fits their capabilities and interests.

FACULTY The business studies major is multidisciplinary, with courses taught by faculty in accounting, business law, finance, information systems, insurance, management/entrepreneurial management, and marketing. Thus students in the business studies major are exposed to a wide variety of experts, the vast majority of whom have advanced degrees and real-world business experience.

ACADEMIC PREPARATION There are no special courses or other requirements for the business studies major.  High school students are encouraged to take courses that help develop good written and oral communication skills, familiarity with computer technology and world events.

REQUIREMENTS FOR MAJOR In addition to the required curriculum that must be taken by all students in the College of Business and Public Administration, the business studies major requires a minimum of 15 hours from accounting, finance, management/entrepreneurial management, and marketing. The remaining nine hours in the major may include additional study in accounting, finance, management/entrepreneurial management, and marketing, and/or study in business, information systems, insurance and business law.  There may be no more than nine hours in any single discipline within the 24 hour major; and 21 of the 24 hours must be taken in 100 level courses.  The list of courses should be selected to meet the individual student’s needs and must be approved by the student’s advisor.

Business studies students usually take economics and accounting in their freshman year.  Business Law I and business statistics are taken in the sophomore year.  Students may begin taking introductory courses in marketing, management, finance, insurance, and information systems in the sophomore year.  Elective courses to support the career interests of the student begin in the junior year and continue throughout the senior year.  The program is capped with an integrative course in business strategy.

REQUIREMENTS FOR BUSINESS STUDIES MINOR One of the most important mission objectives of the College’s undergraduate business curriculum is to prepare students for entry into careers in business and to enhance their prospects for employment. Toward that end, the College offers the opportunity for students earning a degree other than a business degree to receive a Minor in Business Studies. The Minor in Business Studies gives students an introductory exposure to most fields of business and thereby provides them with additional flexibility in meeting their employment and career goals. Twenty four credit hours are required.

DRAKE CURRICULUM The Drake Curriculum, required of all undergraduates, is designed to help students meet personal and professional goals as they acquire fundamental knowledge and abilities in ten Areas of Inquiry, including communication, critical thinking, artistic experience, historical consciousness, information and technology literacy, international and multicultural experiences, scientific and quantitative literacy, values and ethics and engaged citizenship. Students work closely with their academic advisers to craft a program of study in general education that prepares students for civic and professional leadership.

The Drake Curriculum also requires first-year seminars, which foster development of critical thinking and written and oral communication skills through a topical focus; and a Senior Capstone, in which students demonstrate the capacity to bring information, skills and ideas to bear on one project.

INTERNSHIPS & OPPORTUNITIES Most internships are paid, averaging $8-12 per hour, with rates higher, depending upon the nature of the work. 

Examples of companies that recruit and hire Drake students: Allstate, Athene, Berkshire Hathaway, EMC Insurance Companies, JPMorgan, Meredith Corporation, Nationwide Insurance, Principal, Travelers, Voya Financial, Wells Fargo.

CAREER OPTIONS The College of Business and Public Administration's approach to business studies exposes students to a multidisciplinary methodology with background in leadership, operations of businesses, work cultures and functions. It is particularly appropriate for students who anticipate a career in management.

STUDENT ORGANIZATIONS AND ACTIVITIES Many business studies students take the opportunity to exercise their leadership abilities and begin a personal professional network by participating in business-oriented student organizations on campus. Organizations available to general business majors include Alpha Kappa Psi and Delta Sigma Pi, national professional business fraternities; and Beta Gamma Sigma, a national professional business society.