NEW! MBA Curriculum – Beginning May 2013
Labour & Law Concentration
|1. Principles of Managerial Accounting|
|2. Principles of Financial Accounting||5. Principles of Marketing|
|3. Principles of Finance||6. Principles of Microeconomics|
|4. Principles of Management||7. Statistics for Business|
MBA Core Courses (24 credit hours):
BUSI 550: Quantitative Methods for Management (pre-requisite of UG Statistics for Business)
BUSI 560: Managerial Economics (pre-requisite of UG Principles of Microeconomics)
BUSI 570: Applied Ethics in Management (no pre-requisite)
BUSI 610: Management Accounting (pre-requisite of UG Principles of Accounting)
BUSI 620: Financial Management & Policy (pre-requisite of UG Principles of Finance)
BUSI 631: Management Theory & Leadership in Organizations (pre-rec UG Principles of Management)
BUSI 641: Marketing Management & Research (pre-requisite of UG Principles of Marketing)
BUSI 700: Business Strategy (capstone – focused case in concentration area)
Concentration in Labour & Law (12 credit hours):
BUSI 534: Human Resource Management. An introduction to the theoretical, technical, and legal aspects of human resources management and employment relations. Topics covered include human resources planning, recruitment, selection, performance evaluation, training and development, compensation, labor relations, occupational safety and health, and the evaluation of human resource management programs.
BUSI 562: Labour Economics. The objective is for students to develop an understanding of the modern theory of labor-market behavior and gain the ability to apply related economic concepts. Topics include labor demand, labor supply, compensating wage differentials, investments in human capital, wage determination, earnings differences, unionism, and unemployment.
BUSI 572: Negotiation & Conflict Resolution. An introduction to the fundamental concepts and practices of negotiation and conflict resolution. This involves discussions about the nature of negotiation, the strategy and planning involved in negotiation, and the role that communication, power, relationships and ethics play in negotiation. In addition, the students will be introduced to the concepts of conflict resolution in the workplace.
BUSI 575: Legal Environment of Business. Students will develop a practical, working knowledge in many areas of the law following exposure to contracts, torts, property, employment/human resource management law, agency, secured transactions, negotiable instruments, and time-permitting, a brief examination of some selective environmental and international law issues.
Labour & Law
Human Resource Professionals with additional expertise in legal issues are employed as generalists as well as specialists in a variety of fields. Generalists are typically responsible for the functions of staffing, training and development, compensation management, personnel process, and employee evaluation within a single unit or organization. Specialists may have more focused positions in any of the following areas:
- Workforce Planning and Employment (recruitment, retention officer, staffing specialist)
- HR Development (employee training and development, career planning and counseling)
- Rewards and Benefits (salary administrator, compensation analyst, benefits specialist, job analyst)
- Employee and Labor Relations
- Risk Management
Job prospects in the HR Management fields are strong. There has been a 70% increase in HR-related jobs since 2009; in 2011, there were over 8,000 HR jobs available, nationally (shrm.org). Currently (January 2013), there are nearly 55,000 HR positions posted in indeed.com.
According to the Society for Human Resource Management (SHRM), one-quarter of the practitioners who hire entry-level human resource professionals reported that the selection criteria for entry-level HR positions are more stringent than those of other entry-level business positions. The lack of a formal HR education was the most frequently-reported obstacle to advancing the human resource careers of professionals with five or fewer years of HR work experience.
While there are dozens of online programs in HR Management, in West Virginia only two institutions of higher education offer degrees in Human Resource Management. Marshall University offers an MS in HRM, and WVU offers an MS in Industrial Relations.
Outcomes: MBA students concentrating in Labour & Law will develop competencies in the following Human Resource content areas identified by the Society for Human Resource Management (SHRM).
- Employee and Labor Relations (BUSI 534, BUSI 572)
- Job Design (BUSI 534)
- Employee and Organizational Development (BUSI 534, new Project Management course)
- Performance Management & Measurement (BUSI 534, new Project Management course)
- Staffing Issues (BUSI 534, BUSI 572)
- Workforce Planning (BUSI 534, BUSI 562)
- Strategic Human Resources (BUSI 700, new Project Management course)
- Ethics (BUSI 534, BUSI 572)
- Employment Law (BUSI 575)
- Human Resource Management Liability (BUSI 575)
For admission criteria and application process, including all required forms, please see the MBA website at http://www.wvwc.edu/academics/gradprograms/MBA/
Or, contact Dr. Susan Aloi, Director of the School of Business & MBA Program, at firstname.lastname@example.org or 304.473.8580