Business

The mission of the Business program is to equip future business leaders with professional skills and a sense of integrity. The curriculum seeks to provide students with the knowledge, skills, and competencies needed to be successful in today’s global business environment. In keeping with Guilford College’s Quaker tradition of shaping education to address “all things civil and useful,” this course of study represents a strong professional program integrated with the traditional liberal arts.

The Department of Business offers a major in Business Administration. The department also offers a Business minor that provides students with an introduction to business concepts and tools and offers additional course work in a variety of interesting areas. This minor is not available to Business Administration majors. 

Degree Offered

The Bachelor of Science degree is offered in Business Administration.

Business Major

Business Administration

The business administration major provides students with the concepts and skills expected to be in a business administration program (based on data from a national survey). The major is designed to prepare students either for graduate study or to pursue a career. As such, the curriculum is designed to include content and address student learning outcomes recommended by the Accreditation Council for Colleges and Schools of Business for success in careers and graduate schools. The major is particularly distinctive because it represents a strong professional program, effectively integrated with the more traditional liberal arts.

In conjunction with an advisor, a student may choose to emphasize a particular area of study within the department by choosing a business-related minor, including business law, human resource management, international business, money & finance, or non-profit management. Students interested in international business are encouraged to pursue a double major in business administration and international studies.

Major requirements for a B.S. degree in business administration. The major requires a minimum of 60 credit hours; fifteen courses are required.

MATH 112 Elementary Statistics - 4 credits
ACCT 201 Introduction to Accounting - 4 credits
ACCT 311 Cost Accounting - 4 credits
ECON 221 Macro: US in World Econ - 4 credits
ECON 222 Micro: Public Policy - 4 credits
BUS 215 Business Law and Environment - 4 credits
BUS 241 Computers and Business - 4 credits
BUS 243 Management Information Systems - 4 credits
BUS 246 International Business Management - 4 credits
BUS 249 Principles of Management - 4 credits
BUS 324 Marketing Management - 4 credits
BUS 332 Financial Management - 4 credits
BUS 347 Productions and Decision Sciences - 4 credits
BUS 449 Business Policy and Strategy - 4 credits
IDS 402 Business Ethics or IDS 417 Ethics of Capitalism - 4 credits

Total credit hours required for B.S. degree in Business Administration – 60 credits

Students in the program are expected to enter with basic quantitative literacy and computer literacy skills. They may demonstrate basic quantitative literacy in one of the following ways: Math SAT score of 650 or higher, Calculus AP Exam score of 3 or higher,completion of BUS 110 with a grade of C- or higher or passing an exam that assesses equivalent knowledge. They may demonstrate basic computer literacy skills by completion of BUS 141 with a grade of C- or higher or passing an exam that assesses equivalent knowledge. Students must demonstrate basic quantitative literacy and computer literacy skills as prerequisites for BUS 241.

A business internship is strongly recommended.

Many aspects of the business administration major must be completed sequentially.

  • Students must have demonstrated basic quantitative literacy and computer literacy, as described above, prior to BUS 241.
  • ACCT 201 must be completed prior to ACCT 311
  • ACCT 311, ECON 221, ECON 222, MATH 112, BUS 241, and the business math test must be completed prior to BUS 324, BUS 332, and BUS 347
  • Students must complete all required business administration core courses (BUS 215, BUS 241, BUS 243, BUS 246, BUS 249, BUS 324, BUS 332, BUS 341 and BUS 347) before taking the capstone BUS 449 course.
NOTE: Business Administration majors may not count courses taken at other institutions to satisfy their 300 or 400 level requirements.

Business Minors

Business

The business minor provides students with basic business concepts and tools that can be applied to enhance the application and marketability of their liberal arts education, as well as prepare them to understand and participate more effectively in the world of work. This minor will provide grounding for non-management majors in practical applications that will serve them well throughout their lives and will assist them in relating and using their liberal arts majors in personally and professionally rewarding careers. Students will gain a basic understanding of the world of business, its global aspects and ethical issues. This minor should be a helpful addition on a transcript for job applications in any field.

The minor in business is not available to business management majors.

The minor requires a minimum of 16 credit hours (four courses).

ACCT 201 Introduction to Accounting - 4 credits
BUS 120 Introduction to Business - 4 credits
BUS 215 Business Law and Environment - 4 credits
CHOOSE ONE COURSE (4 credits)
BUS 246 International Business Management - 4 credits
BUS 249 Principles of Management - 4 credits
BUS 310 Professional Communications - 4 credits
BUS 321 Human Resource Law and Management - 4 credits

Total credit hours required for a Business Minor – 16 credits

Business Law

The business law minor exposes students to substantive legal topics, theory and analysis and prepares them to deal with legal issues that arise in the workplace and to respond to ethical issues as they interact with the law. Students will apply basic legal theories to specific problems and situations in order to develop alternatives and provide solutions. Students will assess resources available for researching different aspects of law and develop appropriate research and analytical skills. They will also develop their competencies in professional writing and oral presentation. Students will develop the ability to recognize and apply their practical understanding of business law to both business and personal situations.

The minor requires a minimum of 16 credit hours (four courses).

BUS 215 Business Law and Environment - 4 credits
choose one course (4 credits)
JPS 201 Criminal Law - 4 credits
JPS 204 Courts: Prosecutions & Trials - 4 credits
PHIL 247 Philosophy - 4 credits

Choose two courses (8 credits)
ACCT 321 Taxation of Individual - 4 credits
ACCT 322 Taxation of Corporations and Partnerships - 4 credits
BUS 321 Human Resource Law and Management - 4 credits
JPS 313 Law and Society - 4 credits
PSCI 355 Constitutional Law and Civil Rights - 4 credits
SPST 432 Legal Aspects of Sport and Exercise - 4 credits

Total credits required for Business Law Minor – 16 credits

Human Resource Management

This minor provides a structure within which students gain an exposure to the study of human relations in organizations. Students will learn various ways of how people can work effectively to achieve overall organizational goals as well as fulfill personal goals while understanding the legal parameters that surround these issues. Although none of the courses have prerequisites and therefore are open to all majors on campus, it is highly recommended that BUS 215 (Business Law and Environment) and BUS 249 (Principles of Management) be taken first, as BUS 321 (Human Resource Management and Law) is the culminating course that combines all the material from the other classes.

The minor requires a minimum of 16 credit hours (four courses). Students should consult with the coordinator to select an appropriate elective that will serve as a focus course for the minor.

BUS 215 Business Law - 4 credits
BUS 249 Principles of Management - 4 credits
choose one course (4 credits) 
BUS 310 Professional Communications - 4 credits
JPS 244 Conflict Resolution Strategies - 4 credits
JPS 310 Public Management and Organizational Theory - 4 credits
JPS 323 Diversity at Work - 4 credits
PSY 332 Industrial and Organizational Psychology - 4 credits

BUS 321 Human Resource Law and Management - 4 credits

Total credit hours required for Human Resource Management Minor – 16 credits

It is recommended that business majors who are minoring in human resource management and law take IDS 402 or IDS 426 as their IDS course.

International Business

The rapid globalization of business is creating dynamic changes in the business environment. The international business minor provides students with an understanding of the financial, economic, and political context of international business and the skills necessary to effectively participate in today’s global marketplace. Courses for the minor are designed to provide insight and understanding into economic, financial, political, and historic developments within the context of international business, and while it is not required, students are encouraged to expand their experiential learning through international study abroad experiences.

Minor Requirements. The minor requires a minimum of 16 credit hours (four courses).

ECON 221Macro: US in World Econ - 4 credits
BUS 246International Business Management - 4 credits
Choose two courses (8 credits)
BUS/ECON 333Money and Capital Markets - 4 credits
ECON 335Comparative Economic Systems - 4 credits
ECON 432International Economics - 4 credits
PSCI 330International Political Economy - 4 credits
PSCI 391Globalization and Its Discontents - 4 credits
An International Study Abroad class approved by the International Business Coordinator
Total credit hours required for the international business minor is 16 credits.

Money & Finance

The money and finance minor is a package of courses designed to prepare students to be successful in a wide variety of careers, including banking, investments and international business. The central skills that students learn in these courses are to read and analyze critically an organization’s financial reports and to think strategically about positioning an organization in the financial environment. The money and finance minor provides students with an introduction to the economic environment and basic economic, accounting and finance concepts, a complete introduction to the banking system and tools that can be applied to for-profit and not-for-profit businesses.

The minor enhances and complements major fields of study such as accounting, management and economics. It also prepares liberal arts students with the essential business skills that will enable them to move into a managerial career track later on. Former graduates of this minor have said it provided them with excellent basic preparation for graduate school in business administration.

The minor requires a minimum of 16 credit hours (four courses). 

ACCT 201 Introduction to Accounting or BUS 282 Fundamentals of Investing- 4 credits 
ECON 221 Macro: US in World Econ – 4 credits
BUS 332 Financial Management – 4 credits
BUS/ECON 333 Money and Banking – 4 credits

Non-Profit Management

This minor provides students with basic business concepts and tools that can be applied to enhance the application and marketability of their liberal arts education, as well as prepare them to understand and participate more effectively in work in the non-profit sector. It will provide grounding for non-business majors in practical applications that will serve them well throughout their lives and careers.

The minor requires a minimum of 16 credit hours (four courses).

ACCT 201 Introduction to Accounting - 4 credits
BUS 249 Principles of Management - 4 credits
BUS 371 Nonprofit Management - 4 credits

CHOOSE one course (4 credits) 
JPS 103 Community Problem Solving - 4 credits
JPS 220 Community Building Fundamentals - 4 credits
JPS 271 Organizational Communication and Teamwork - 4 credits
PSCI 204 Public Policy & Administration - 4 credits
PSCI 230 Politics of Problem Solving - 4 credits
PPS 110 Civic Engagement (2 credits) plus BUS/JPS 290 Internship (2 credits)
 BUS/JPS 290 Internship - 4 credits

Total credit hours required for Non-Profit Management Minor – 16 credits 

Business at Guilford

Why Business at Guilford?

Today’s turbulent business climate calls for leaders who can think critically, communicate effectively and evaluate analytically. The knowledge base of our world is increasing at a rapid pace; whether our students pursue graduate school or enter the business world they must be able to identify, analyze, and evaluate new problems and situations in a constantly changing environment.

At Guilford, we appreciate that the study of business is inherently interdisciplinary. Our students are challenged to articulate their inquiry through effective oral and written communication. As they explore sophisticated, real world problems, they develop the knowledge and skills to think critically yet creatively. In addition to their core business management courses, students broaden their understanding of the world by exploring non business subjects. Cross-cultural course work and experiences studying abroad provide global knowledge that is essential in an increasingly interdependent world. Students work collaboratively, recognizing the value of differing cultures, traditions, histories and perspectives when considering solutions.

Our graduates are well poised to assume positions of responsibility in a global business community. They have the knowledge and skills to respond to challenges by devising innovative solutions and they recognize that these solutions may have social and cultural implications. By connecting choice and action to ethics and responsibility, our students have a distinct competitive advantage: they approach their postgraduate endeavors with both business acumen and a finely tuned moral compass.

Graduates of the Guilford business program have gone on to graduate and business schools and have careers in public accounting, finance, organizational leadership, and academia.

Experiential Learning Opportunities

Internships

  • American Red Cross
  • Erickson Advisors
  • Gilbarco, Inc.
  • Merrill Lynch
  • Nussbaum Center for Entrepreneurship
  • Pace Communications
  • Procter & Gamble
  • North Carolina AIDs Action Network
  • Sears
  • Syngenta, Inc.
Study Abroad

Business majors are encouraged to expand their knowledge and gain international experience through study abroad programs. A few programs with specific interest for Business majors are.

  • London, England
  • Dundee, Scotland
  • Dublin, Ireland
  • Limerick, Ireland

Business Faculty