Reply to Changes to UVA's Business Program/McIntire School of Commerce

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[quote=Anonymous][quote=Anonymous][quote=Anonymous] [b]This is why uva is the best public university. It's a public ivy[/b].[/quote]

Why ... [h]aving a prestigious three year undergraduate business program is what makes a school Ivy? [/quote]

Most Ivy League schools do not have undergrad business.  They have medicine, law, public policy, divinity, and forestry, but business is just too bourgeois.

The University of Maryland, College Park, R.H. Smith School of Business also has some minors.  This is an awful idea.  Business is actually multiple professions (finance, accounting, marketing, manufacturing, supply chain, information systems, entrepreneurship, human resources and organizational behavior, strategy).  Business courses are upper-level subjects; you need prerequisites.

Typical business programs require some basic math, statistics, computer skills, accounting, and micro- or macro-economics.  There is also a business law or business environment class.  To pacify lower-level students, there might be a Business 101 class.  The dean who taught it to freshman told me "they don't know anything!"  In other words, they don't know that businesses need to make money, stockholders versus bondholders, board of directors, antitrust law, labor unions, financial market regulation.  They don't know about elasticity of supply and demand, stock versus flow, cash flow versus accounting accrual, asset versus liability, the three major financial statements, debit versus credit, or the basic math of optimization and break-even analysis.

So, business schools offer a few minor courses for non-business majors without prior knowledge.  These are lightweight versions of their basic core courses.  They might be useful, but are certainly not "prestigious" nor advanced.

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