Core Curriculum and Majors MBA, August 8, 2017
What do I need to earn my Wharton MBA? Quarter Quarter Credit Units 0.5CU 1.0CU 0.5CU Semester 2-years tuition = 21CUs Master s Degree = 19CUs 2
The Fixed Core MBA Curriculum 3
Your First Year (an example) Fall Spring August Quarter 1 Quarter 2 Quarter 3 Quarter 4 MKTG611 Marketing Management MGEC611 Microeconomics for Managers Flex Core/Elective MGEC612 Microeconomics for Managers Flex Core/Elective Flex Core/Elective MGMT610 Foundations of Teamwork and Leadership STAT613 Regression Analysis for Business WHCP 611/620 Management Comm/ Writing Requirement (.25cu) or Flex Core/Elective WHCP 611/620 Management Comm/ Writing Requirement (.25cu) WHCP 612 or WHCP 615 (.25 cu) Flex Core/Elective Flex Core/Elective or WHCP 612 or WHCP 615 (.25 cu) Flex Core/Elective 4
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 5
MARKETING MKTG611: Marketing Management 0.5 CU Q1: Fall 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. 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. 6
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 7
STATISTICS STAT613: Regression Analysis for Business 1.0 CU Fall STAT621: Accelerated Regression Analysis for Business or 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. 8
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. 9
Next Steps: An email from the Office of 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 17 th @ 11:59pm. Questions: Brennan Maier: bmaier@wharton.upenn.edu 10
WHARTON CONNECT APP Check in for: STAT 613/621 MKTG 611 MGEC 611 MGEC 612: 11
HOW TO RESPOND TO ABSENCES: 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. 12
The Flexible Core MBA Curriculum 13
ACCOUNTING ACCT 611: Financial Accounting 1.0 CU Fall ACCT 612: Accelerated Financial Accounting ACCT 613: Financial and Managerial Accounting 0.5 CU Q1: Fall 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. 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 objective is to provide the framework, concepts, and tools for analyzing financial decisions based on 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 of capital, dividend policy, and related issues 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.. 16
MANAGEMENT MGMT 611: Managing the Established Enterprise MGMT 612: Managing the Emerging Enterprise 1.0 CU Fall or Spring 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 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 Requirement: Complete at least one (1) of these courses. 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 other 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. 18
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 Requirement: Students are required to complete two 0.5CU OIDD flex core courses, one of which must be OIDD 611 or OIDD 615 OIDD 611 emphasizes the design of business processes to maximize productivity and to achieve worldclass 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. 19
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 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 online 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 offered; 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. 20
LEGAL STUDIES & BUSINESS ETHICS LGST 611: Responsibility in Global Management 0.5 CU Fall & Spring Fall & LGST 612: Responsibility in Business 0.5 CU 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 of interests Discrimination and Affirmative Action 21
COMMUNICATIONS WHCP612: Advanced Persuasive Speaking Convincing Business Audiences Crisis Communications Fundamentals for Prospective Entrepreneurs 0.25 CU Q3 or Q4: Spring WHCP615: Comm. Challenges for Entrepreneurs or 0.25 CU Q3 or Q4: Spring 22
Your first year by the numbers Approximately 40% of first year students do not waive any courses. 4.75-5.75CU Average number of credits in 1 st semester 9-10CU Average number of credit units completed in 1 st year 77% Completed ACCT core in first semester 63% Complete FNCE core in first semester 9CU = Core curriculum 5CU Majors including 1CU from core 23
Flex Core by the numbers... 60% 50% 40% 30% 20% 10% 0% Management Marketing Operations Legal Studies Fall Year 1 Spring Year 1 Fall Year 2 Spring Year 2 24
Fall schedule: Entrepreneur Fall August Quarter 1 Quarter 2 MKTG611 Marketing Management MGEC611 Microeconomics for Managers MGMT 801 Entrepreneurship MGEC612 Microeconomics for Managers 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 MGMT610 Foundations of Teamwork and Leadership STAT613 Regression Analysis for Business WHCP 611/620* Management Comm/ Writing Requirement (.25 cu) MGMT 612 Managing the Emerging Enterprise FNCE611 Corporate Finance 25
Fall schedule: Consultant Fall August Quarter 1 Quarter 2 MKTG611 Marketing Management MGEC611 Microeconomics for Managers OIDD 673 Global Supply Chain Management MGEC612 Microeconomics for Managers 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 MGMT610 Foundations of Teamwork and Leadership STAT621 Accelerated Regression Analysis MGMT 611 Managing the Established Enterprise ACCT 612 Accelerated Financial Accounting OIDD 615 Operations Strategy WHCP 611/620* Management Comm/ Writing Requirement (.25 cu) 26
Fall schedule: Investment Banking Fall August Quarter 1 Quarter 2 ACCT 742 Problems in Financial Reporting 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 MGMT610 Foundations of Teamwork and Leadership OIDD 615 Operations Strategy STAT621 Accelerated Regression Analysis WHCP 611/620* Management Comm/ Writing Requirement (.25 cu) FNCE 751 Buyouts and Acquisitions MGEC612 Microeconomics for Managers MKTG612 Dynamic Marketing Strategy FNCE 726 Advanced Corporate Finance 27
Fall schedule: Healthcare Management Fall August Quarter 1 Quarter 2 Mehmet is in the Healthcare Management Program Plans to recruit in Healthcare start ups Changing careers from Consulting Total CU: 5.25CU MGMT610 Foundations of Teamwork and Leadership MKTG611 Marketing Management MGEC611 Microeconomics for Managers STAT621 Accelerated Regression Analysis HCMG 841 Healthcare Services FNCE611 Corporate Finance MGEC612 Microeconomics for Managers OIDD 615 Operations Strategy WHCP 611/620* Management Comm/ Writing Requirement (.25 cu) 28
Fall Schedule: Non Traditional Student Fall August Quarter 1 Quarter 2 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 MGMT610 Foundations of Teamwork and Leadership MKTG611 Marketing Management MGEC611 Microeconomics for Managers STAT613 Regression Analysis LGST 612 Responsibility in Global Management MGEC612 Microeconomics for Managers MGMT 611 Managing the Established Enterprise WHCP 611/620* Management Comm/ Writing Requirement (.25 cu) 29
Majors & Electives MBA Curriculum 30
Major Requirements Most majors require from 5 to 6 CU including 1 CU from core curriculum Each major has a designated Faculty advisor Some majors permit students to take an elective course pass/fail Up to 2CU of cross listed courses can be counted towards two majors (i.e. MGMT690/OIDD 690) 31
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When do I choose a major? You have already chosen a major! Whatever major you indicated on your application is now showing on your transcript.. TO CHANGE A MAJOR INTERNATIONAL STUDENTS IN YOUR SECOND YEAR Your major can be changed at any time by emailing mbaprogram@wharton.u penn.edu Before changing your major, check with ISSS to ensure it will not affect your immigration documentation. In the spring of your second year, you will be asked to confirm your major(s) and the Office will complete an audit of your transcript to ensure you have met the requirements. 33
Double Major: FINANCE & ENTREPRENEURIAL MANAGEMENT FINANCE (6 CU) FNCE 611 Corporate Finance FNCE 613 Macroeconomics FNCE 720 Investment Management FNCE 726 Adv Corporate Finance FNCE 750 Venture Capital and the Finance of Innovation FNCE 751 Finance of Buyouts and Acquisitions ENTREPRENEURIAL MANAGEMENT (5 CU) MGMT 611/612 Managing the Established/Emerging Enterprise MGMT 801 ENTREPRENEURSHIP OIDD 636 Scaling Operations LGST 813 Legal Aspects of Entrepreneurship FNCE 750 Venture Capital and the Finance of Innovation FNCE 751 Finance of Buyouts and Acquisitions 34
Academic Calendar Fall 2017 35
Academic Calendar 36
Upcoming Dates August 21 Course Match closes at 12:00pm (noon) September 5 Last day to drop, without penalty, Q1 or Full Semester courses at capacity October 12 October 18 Q1 Core Exams December 14 December 21 Final exams for Q2 and Full Semester Core and Elective courses 37
Potential Conflicts with Academic Schedules SUBHEADING First point Second point Third point 38
Academic Resources 1-on-1 Academic Advising Academic Fellows Academic Advisor Walk-in hours Faculty Office Hours Teaching Assistants & Recitations Tutors @ Wharton Counseling and Professional Services Student Disabilities Services Marks Family Writing Center Weingarten Learning Resource Center 39
Pre-Term Academic Advising Academic Advising Appointments: Sunday, August 13 - Sunday, August 20 Course Match Group Advising: Monday, August 21 st 9-11am 40
Curriculum Planning Worksheet 41
Questions? 42