Foundation Fact Sheet Dynamic View
Foundation Fact Sheet Dynamic View
Welcome!
We welcome students with a wide variety of undergraduate academic and career backgrounds into the Rowan Master of Business Administration (MBA), Master of Science in Finance (MSF), and Graduate Certificate (COGS) programs in the Rohrer College of Business at Rowan University. This additional aspect of the diversity of our student body adds to a rich and robust learning experience.To ensure all students are equipped with crucial baseline and foundational business knowledge for graduate-level coursework in business, Rowan requires all students to satisfy a set of Foundation requirements.
This page is designed to guide finding the most efficient way to meet Foundation requirements to fit your learning style, timeline, and budget.
At a Glance - Foundation Requirements
Overview of Foundation Requirements
Students who majored in business in their undergraduate studies (and earned strong grades) are typically waived from the Rowan Foundation requirements for graduate programs.
Students without an undergraduate degree in business usually need to satisfy many, if not all, of the Foundation requirements.
While students can begin in the MBA program without fulfilling all Foundation requirements, students will need to satisfy these requirements early in the program to maintain forward momentum. Students can take some foundation-level requirements simultaneously with some core MBA courses. However, this option is limited and still requires students to follow course sequencing requirements.
There are many ways that students can satisfy Foundation requirements: non-credit online modules and tests, online or face-to-face courses at your local community college or 4-year institution, and of course, online or face-to-face at Rowan University. This document details the Foundation requirements and options you can consider so that your pursuit matches your learning style, timeline, and budget.
At a Glance - Options for Satisfying Foundation Requirements
Foundation Course Titles and Descriptions to Match Rowan Equivalency
ECON 04.101 | Macroeconomics
ECON 04.101 - Macroeconomics - (3 credits)
- This course analyzes the overall level of economic activity in the United States. It examines its significant determinants, public stabilization policies, economic growth, and international trade.
- Macroeconomics is a branch of economics that studies how the aggregate economy behaves. In macroeconomics, various economy-wide phenomena are thoroughly examined, such as inflation, price levels, growth rate, national income, gross domestic product (GDP), and changes in unemployment.
- No prerequisites for enrollment in this course.
ECON 04.102 | Microeconomics
ECON 04.102 - Microeconomics - (3 credits)
- This course analyzes resource allocation among alternative uses. It studies consumer demand, product and factor price determination, general equilibrium, and optimal income distribution.
- Microeconomics is the social science that studies the implications of individual human action, specifically how those decisions affect the utilization and distribution of scarce resources. Microeconomics shows how and why different goods have different values, how individuals make more efficient or more productive decisions, and how individuals best coordinate and cooperate. Generally speaking, microeconomics is considered a more complete, advanced, and settled science than macroeconomics.
- No prerequisites for enrollment in this course.
ECON 04.303 | Principles of Economics: A Survey
ECON 04.303 - Principles of Economics: A Survey - (3 credits)
- This course analyzes the market system and alternative mechanisms for determining prices and allocating resources. Pure competition, monopolistic competition, oligopoly, and monopoly are examined. The determinants of aggregate employment and national income, money, banking, monetary policy, international trade, and finance are analyzed. This course is not available to economics majors.
- ECON 04303 Principles of Economics: A Survey can only be completed at Rowan University. Students that require both Macroeconomics and Microeconomics can either take this Principles of Economics: A Survey course at Rowan or utilize the Alternative Pathways to satisfy Macroeconomics and Microeconomics separately.
- No prerequisites for enrollment in this course.
ACC 03.210 | Principles of Accounting I (Financial Accounting)
ACC 03.210 - Principles of Accounting I - (3 credits)
- Principles of Accounting I will provide students with an understanding of the uses and limitations of accounting information in economic decision-making. The course will also build skills in problem-solving, interpersonal communications, and the use of computers. Students will understand the basic structure of accounting and the underlying accounting principles, the recording process and the accounting cycle, accounting information systems, and accounting for merchandising operations, inventories, cash, receivables, fixed assets, intangible assets, and current liabilities, and payroll.
- No prerequisites for enrollment in this course.
ACC 03.211 | Principles of Accounting II (Cost Accounting)
ACC 03.211 - Principles of Accounting II - (3 credits)
- This course builds on Intermediate Accounting I and is designed to provide students with an understanding of financial accounting related to interpreting and analyzing financial statements in the private sector. This course has been designed from the perspective of both the user of accounting information and the preparer of accounting information. The most crucial goal of this course is for students to understand financial statements in depth such that they can prepare, analyze, and critique them. Students will gain extensive knowledge and understanding of financial accounting related to both U.S. GAAP and IFRS.
- Prerequisites: ACC 03210
ACC 03.405 | Foundations of Accounting
ACC 03.405 - Foundations of Accounting - (3 credits)
- This course presents an overview of accounting as a valuable information system decision making. It provides students with an understanding of financial and managerial accounting concepts from the perspective of a future user of accounting information.
- ACC 03405 Foundations of Accounting can only be completed at Rowan University. Students who require both Principles of Accounting I and II can either take these Foundations of Accounting courses at Rowan or utilize the Alternative Pathways to satisfy Principles of Accounting I and II separately.
- No prerequisites for enrollment in this course.
MATH 03.125 | Calculus: Techniques and Applications
Math 03.125 - Calculus Techniques and Applications - (3 credits)
- Introduces students to the techniques of differential and integral calculus. Emphasis is placed on practical applications of limits, derivatives, and integrals, highlighting business applications. This course also provides experience and information about the significance and specific uses of calculus in today’s world. A graphing calculator is required.
- Prerequisites: Math 01123 or Math 01124 or 60 on the CLM exam.
STAT 02.260 | Statistics I
STAT 02.260 - Statistics I - (3 credits)
- Students learn to use various graphical displays and measures of location and variability to describe data. The course considers elementary probability and sampling distributions. It uses the standard and t-distributions in estimation and hypotheses testing. It includes descriptive techniques for simple linear regression and correlation. Use of a graphing calculator is required; computer software may be used.
- Prerequisites: Equivalent of College Algebra
MKT 09.200 | Principles of Marketing
MKT 09.200 - Principles of Marketing - (3 credits)
- This course provides an overview of the theory and practice of marketing within a corporate and societal context in a dynamic environment. The significant functions of marketing are covered from the perspective of management strategy seeking competitive advantage.
- Prerequisites: Completion of 12 credits (s.h.) and College Comp 1 (ENGL 01111)
MGT 06.305 | Operations Management
MGT 06.305 - Operations Management – (3 credits)
- Operations Management is the set of business activities whereby resources flowing within a defined system are combined and transformed in a controlled manner to add value following organizational objectives. Operations Management is integrally related to all the other business functions. This course’s essential substance provides a significant opportunity for an organization to improve its profitability and enhance its service to society. This course focuses primarily on decision-making, business forecasting, resource allocation, location and capacity planning, inventory management, quality control and management, layouts, scheduling, and project management essential to improving productivity and generating a competitive advantage.
- Prerequisites: MATH 03.125 - Calculus T&A and STAT 02.260 - Statistics I
- This course must be completed at an AACSB accredited 4-year college or university.
FIN 04.300 | Principles of Finance
FIN 04.300 - Principles of Finance - (3 credits)
- This course is designed to provide students with an understanding of finance related to the private sector. Students will gain knowledge and understanding in the following areas: role and environment of financial management, financial statements and analysis, cash flow and financial planning, time value of money, risk and return, interest rates and bond valuation, stock valuation, capital budgeting evaluation, cost of capital, leverage and capital structure, dividend policy, working capital and current asset management, and current liabilities management.
- Prerequisites:
- ACC 03.210 - Principles of Accounting I
- ACC 03.211 - Principles of Accounting II
- Stat 02.260 - Statistics I
- MATH 03.125 - Calculus Techniques and Applications
- ECON 04.101 – Macroeconomics
- ECON 04.102 – Microeconomics
This course can be completed via a Sophia.org equivalent course, or through an AACSB accredited 4-year college or university. There is no CLEP or Community College equivalent option for this course.
Options for Satisfying Foundation Requirements
There are many ways that students can satisfy Foundation requirements: specifically designated online non-credit modules and tests, online or face-to-face courses at your local community college or 4-year institution, and of course, online or face-to-face at Rowan University. This document details the Foundation requirements and options you can consider so that your pursuit matches your learning style, timeline, and budget.
Non-credit Online Modules and Courses
Online resources such as Sophia.org, Study.com, and Straightline.com offer equivalent course options for many of our Foundation requirements. The cost to take a course for any of these websites ranges between $60-$100 on either per course or per month basis, a reasonable cost-savings option for many students.
Non-credit Testing via CLEP
For some of our Foundation requirements, students have the opportunity to complete a College Level Examination Program (CLEP) test and earn academic credit by passing the test with a minimum score. This testing option can be FREE for students if they first complete a free, self-paced online course via Modern States that coincides with the CLEP test they intend to take.
Community College or 4-Year College/University
Students are welcome to complete most of our Foundation Course Requirements through their local community college or 4-year institution. Depending on the school selected, there may already be pre-approved equivalent courses at that institution to our Foundation requirements. To review pre-approved, visit Rowan’s Undergraduate Transfer Credit Equivalent Database. Students intending to utilize courses at schools not listed in Rowan’s Undergraduate Transfer Credit Equivalent Database are encouraged to connect with the Rowan Graduate Business Programs office to discuss course equivalents.
Rowan University
Students can complete all foundation courses at Rowan University. Suppose they wish to take foundation courses at Rowan before matriculating as a graduate-level student with Rowan. In that case, students can sign up to be non-matriculating students with Rowan. Taking foundation courses at Rowan as a non-matriculating student will allow students to be charged the undergraduate-level per credit cost, which is substantially less than the graduate-level per-credit cost. Students taking courses as non-matriculating students are not eligible for Federal Financial Aid or student loans (e.g., FAFSA). Any foundation courses taken while matriculated as a graduate-level student will cost the graduate-level per credit rate per the Rowan University Bursar’s website. Students are eligible for financial aid if they are enrolled as graduate-level students in the MBA or MS Finance programs.
Frequently Asked Questions (FAQs)
Read through some of our most asked questions to help hopefully answer some of your own.