Department Of Economics & Business (ECBU) - Vmi.edu

Department ofEconomics & Business(ECBU)An AACSB International accredited program

What you will hear today Our mission What you can do with yourdegree? Our curriculum Our faculty Enrichment opportunitiesOur goal is to help you decide ifEconomics and Business is right for you!

Mission StatementDepartment of Economics and Business (ECBU)The Department of Economics and Business develops effective leaders with theknowledge and skills to solve the challenges of a diverse and dynamic globalbusiness environment

Career Opportunities FinanceWhat can you dowith your degree?An Economics andBusiness degree from VMIprepares you for almost anyleadership position. Management Marketing Financial Services Banking Military Foreign Service Justice System Project Management Sales Consulting

Career Opportunities (cont’d) Amazon Microsoft New York International CapitalSample of recentjob placements forECBU graduates Wells Fargo Bloomberg Huntington Ingalls Norfolk Southern Mass Mutual Morgan Stanley Oracle Lockheed Martin

Further Your EducationWhat MORE canyou do with yourdegree? Economics Business Health Administration LawOur ECBU degree alsoprepares you for GraduateSchool.Partnership Graduate Programs:University of Virginia, College of William & Mary, VirginiaCommonwealth University, and Florida State University Public Administration Analytics Environmental Studies

Further Your Education (cont’d)William & Mary M.S. in AccountingSample of recentgraduate schoolplacements forECBU graduatesSeton Hall Law SchoolLiberty University M.B.A.

Educational OutcomesECBU GRADUATION RATE76.3%78.0%53.2%34.6%ECBUVMI TotalAll Public SchoolsAll Private Schools

Career OutcomesAVERAGE ECBU GRADUATE STARTING SALARY FORNON-COMMISSIONING CADETS 57,780 56,700 55,500 48,500VMI Economics & BusinessDegreeAverage Economics &Business DegreeAverage BusinessAdministration DegreeAverage Economics Degree

Essential Features of the ECBUMajor EBCU prepares cadets for the demands of today’smodern career world. We expect cadets to graduate in 4 years. Cadets take 17 to 17.5 hours per semester. Our program requires 66 credit hours in economics and businessand 139 credit hours overall. We provide challenging quantitative coursework that increases inrigor each year. Our program is grounded in a liberal artseducation: The ”rat” year consists of General Education courses. Cadet must complete two years (i.e., 4 courses) of the sameforeign language. Cadet select 9 hours of electives in humanities and socialsciences.

Essential Features of the ECBU Major Cadets can use their 9 hours of business electives and 12hours of economic electives to develop areas of expertise. Concentration in Financial Management Concentration in Global ManagementECBU Elective Courses Game Theory & StrategicBehavior Sports Economics Labor Markets & Policy Behavioral Economics Poverty, Culture, and Institutions Money and Banking Data Analytics Economics of PoliticsMarketing & AdvertisingWeb 2.0Investing & PortfolioManagement Advanced Accounting Topics International Business &Economics And Many Others!

Pathway Through the ECBU MajorFoundationsof SuccessFourth Class Year General Education Core curriculumdesigned tointellectually stretchand broaden cadets Foundation courses:How to thinkHow to studyHow to communicateHow to problem-solve(conception andquantitative)Economicsand BusinessPrinciplesThird Class YearMasteringSkillsSecond Class Year Initial training ineconomics andbusiness Deepened level ofunderstanding ofcore principles Introductoryeconomics andbusiness courses Extracurricularopportunities:Cadet Investment GroupPersonal Finance ClubBuilding Bridges Intermediate leveleconomics andbusiness courses, plusapplied statisticalmethods Rigorous practice inproblem solving andanalysis Summer internship,undergraduateresearch, study AbroadAdvancedand AppliedLearningFirst Class Year Application of coreprinciples Upper level economicsand business courses Capstone experienceto integrate andsynthesize core subjectmaterial Evidence ofmanagement- specificknowledge and skills,oral & writtencommunication, criticalthinking

NOTE: Remember tohave your AP scores andtransfer credit sent to VMIas soon as possible.

Minor in ECBU Minor in EconomicsoPrinciples of Microeconomics, Principles of Macroeconomics,and Statisticso4 additional economics electives Minor in BusinessoPrinciples of Management, Principles of Marketing, FinancialAccounting, Business Finance, and StatisticsoPrinciples of Microeconomics or Principles of Macroeconomicso1 business elective (or a second Principles of Economicscourse)

The ECBU FacultyOur department is smallenough that we can tailorlearning and researchinterests to meet yourspecific needs. Excellence in teaching is the primaryresponsibility of our faculty. Our low student-to-faculty ratio allowsus to focus on you as an individual,not as a number. All full-time faculty have doctoraldegrees in their fields.

Enrichment Opportunities Undergraduate Research ECBU Internship Program Study Abroad Cadet Investment Group Personal Finance Club Honor Societies – ODE & BGS Institute and Departmental Honors Programs Leadership in the Corps of Cadets Leadership in Extracurricular Programs Building BRIDGES club Promaji Club VMI Running Club

Testimonials“I absolutely loved the ECBU curriculum. Onmy first day of work in the ‘real world’ I felt morethan ready to take on any challenge. In myexperience, the economics courses preparedme for the quantitative aspects of my job and thebusiness courses prepared me for the qualitativeand critical thinking aspects of my job. I lovedhaving small classes for more individualizedattention and for the opportunity to get to knowall of my professors. I will always appreciate theECBU department especially for helping me tolearn to think critically and problem solve which Ifeel are two of my best assets today.”- Leah Hopper ‘13, RiverFrontInvestment Group“One of my Economics and Business professorsalways reminded us to ‘be the boss that youwould want to work for.’ As I begin my career inthe Marines, I see the importance of this philosophyin my daily life. The ECBU Department also taughtme the importance of resiliency and a strong workethic. These habits have helped me throughout myinitial training and education in the Marine Corps. Iknow that I will be successful in my future becauseof what my professors taught me throughout my timeat VMI.”- Second Lieutenant Jameson Donahue ‘19,United States Marine Corps

ANY QUESTIONS?You can learn more about theDepartment of Economics &Business (ECBU) at VMI byvisiting:http://www.vmi.edu/ECBU

Our CurriculumBachelor of Arts Degreein Economics and Business Concentration in Financial Management Concentration in Global Management

Curriculum (cont’d) Economics AND Businesso Double Majoro Total number of hours: 139o Includes 66 hours in economics and business courses Strong quantitative skills – good marker for successNOTE: Remember to have your AP scoressent to VMI as soon as possible.

FOURTH CLASS YEAR – Freshman “Rat”FIRST SEMESTERHOURSSECOND SEMESTERHOURSBIOLOGY OR CHEMISTRY W/LAB4BIOLOGY OR CHEMISTRY W/LAB4ENGLISH COMPOSITION3ENGLISH COMPOSITION3WORLD HISTORY3WORLD HISTORY II3MATH THAT MATTERS I3MATH THAT MATTERS II3FOREIGN LANGUAGE3FOREIGN AL17.5TOTAL17.5THIRD CLASS YEAR – SophomoreFIRST SEMESTERHOURSSECOND SEMESTERHOURSPRINCIPLES OF MICROECONOMICS3PRINCIPLES OF MACROECONOMICS4FINANCIAL ACCOUNTING3MANAGERIAL ACCOUNTING3PRINCIPLES OF MANAGEMENT3PRINCIPLES OF MARKETING3QUANTITATIVE TOOLS3LEADERSHIP IN ORGANIZATIONS3FOREIGN LANGUAGE3FOREIGN LANGUAGE3PRINCIPLES OF PHYSICAL CONDITIONING1PUBLIC SPEAKING1ROTC1SWIMMING½ROTC1TOTAL17.0TOTAL17.5

SECOND CLASS YEAR – JuniorFIRST SEMESTERHOURSSECOND SEMESTERHOURSINTERMEDIATE MICROECONOMICS3INTERMEDIATE MACROECONOMICS3BUSINESS FINANCE3OPERATIONS MANAGEMENT3ECONOMETRICS3BUSINESS ELECTIVE3HUMANITIES AND SOCIAL SCIENCE ELECTIVE3HUMANITIES AND SOCIAL SCIENCE ELECTIVE3FREE ELECTIVE3HUMANITIES AND SOCIAL SCIENCE ELECTIVE3P.E. ELECTIVE½P.E. ELECTIVE½ROTC2ROTC2TOTAL17.5TOTAL17.5FIRST CLASS YEAR – SeniorFIRST SEMESTERHOURSSECOND SEMESTERHOURSBUSINESS LAW3BUSINESS POLICY3MANAGEMENT INFORMATION SYSTEMS3BUSINESS ELECTIVE3BUSINESS ELECTIVE3ECONOMICS ELECTIVE3ECONOMICS ELECTIVE3ECONOMICS ELECTIVE3ECONOMICS ELECTIVE3FREE ELECTIVE3P.E. ELECTIVE½ROTC2ROTC2TOTAL17TOTAL17.5

principles of management 3 quantitative tools 3 foreign language 3 principles of physical conditioning 1 rotc 1 total 17.0 second semester hours principles of macroeconomics 4 managerial accounting 3 principles of marketing 3 leadership in organizations 3 foreign language 3 public speaking 1 swimming ½ rotc 1 total 17.5 fourth class year .