MAJORS REPORT 0UNDERGRADUATE - University of South Carolina
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UNDERGRADUATE MAJORS REPORT 2020 UNDERGRADUATE MAJORS Accounting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Economics. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Finance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 International Business. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Management. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Operations and Supply Chain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Marketing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Real Estate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Risk Management and Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . 14 DOUBLE MAJORS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 INTERNSHIPS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 TOP EMPLOYERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 STUDENT TESTIMONIALS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 STUDENT DATA COLLECTION All data in this report is collected via a standardized National Association of Colleges and Employers (NACE) online survey, a link to which is emailed to every graduate. Being student entered, all data is self-reported. Responses from the 2019-2020 survey were gathered from 1,375 graduates in the following classes: August 2019, December 2019 and May 2020. The survey CONNECT WITH US ON had a response rate of 50.62% (696 respondents). SOCIAL MEDIA When comparing NACE self-reported salary data with salary data from the U.S. Department of Education College Scorecard, similar trends emerge Like us on Facebook @mooreschool regarding which fields of study and/or majors lead to higher salaries for both individual and double major concentrations. Notably, the average Follow us on Twitter salary of graduates with federal debt in the College Scorecard data is @mooreschool approximately 5% lower than the average salary obtained from self- Follow us on Instagram reported Moore School data. Learn more about the College Scorecard at @moore_school collegescorecard.ed.gov. To see how the Moore School compares to other business schools, visit http://bit.ly/dmsb_scorecard. Connect with us on LinkedIn https://bit.ly/2IFkCeV
UNDERGRADUATE MAJORS Accounting THE ACCOUNTING MAJOR AT THE DARLA MOORE SCHOOL OF BUSINESS Accounting is a good fit for students who: provide input that keeps our curriculum current with the • Want to understand business as a whole evolving needs of the profession • Are good at using information, especially numbers, to • Faculty who are highly engaged with students both in the solve problems classroom and beyond • Seek a profession that is always in high demand Major Requirements: Potential career pathways include: Students pursuing an accounting degree must complete 24 hours, including: • Certified Public Accountant • ACCT 401: Financial Accounting I • Forensic accountant • ACCT 402: Cost/Managerial Accounting • Auditor • ACCT 403: Tax I • Corporate accountant • ACCT 404: Accounting Information Systems I • Tax accountant • ACCT 405: Financial Accounting II • Government and nonprofit accountant • ACCT 406: Auditing I An accounting degree leads to leadership careers in public or • Two additional 500-level accounting courses selected private accounting, budget planning, tax accounting, auditing from an approved list of electives and consulting. Accountants are found in every industry Note that these are the 2019-20 major requirements and are subject to sector and at management and executive levels in almost change as the school regularly updates its curriculum in response to the every company. Many accounting majors go on to graduate evolving needs of the business community. school or become certified public accountants. Accounting Business Analytics Concentration The Moore School has long been viewed as a primary talent Students may add the accounting business analytics pipeline by major accounting firms including Deloitte, Dixon concentration to their degree. This concentration requires Hughes Goodman, Elliott Davis, Ernst & Young, Grant three additional analytics courses, which are specified by Thornton, KPMG, PricewaterhouseCoopers and many more. the accounting department. Recent graduates have secured jobs at companies such as Eaton and banks such as Deutsche Bank and TD Bank. Accounting Beyond the Classroom Extracurricular areas to enhance your accounting degree According to a recent UofSC Career Center survey, the include: 2020 average starting salary for Moore School accounting • Community Service: Volunteer Income Tax Assistance graduates is $58,669. Program, Beta Alpha Psi, National Association of Black Avg. Salary Avg. Salary Avg. Salary Avg. Salary Accountants, IMA 2017 2018 2019 2020 • Diversity and Social Advocacy: Beta Alpha Psi, National $55,655 $55,355 $57,917 $58,669 Association of Black Accountants, IMA, Diversity and Employment Rate (Single Major): 89% Inclusion Council, Women in Business Council • Global Learning: Some accounting courses (ACCT 506, The School of Accounting is distinguished from other large IBUS 490) include international components in the accounting programs nationwide by maintaining: curriculum • Regular student-to-instructor interaction for majors in all • Peer Leadership: Beta Alpha Psi, National Association upper-division accounting courses of Black Accountants, IMA, Moore School Student Ambassadors • Rigor throughout the curriculum, with an emphasis on both technical and skill-based learning objectives • Professional Practice: Beta Alpha Psi, IMA, Global Business Council, Alpha Kappa Psi • Up-to-date and in-depth curriculum; close ties with leading accounting firms, whose managers regularly • Research: Some accounting courses (ACCT 404) include research components in the curriculum 3
Work in many of these extracurricular areas can contribute and then return to campus to complete their course work. to one or more of the paths to Graduation with Leadership Students interested in internships should contact David Distinction. Find out more at McIntyre at david.mcintyre@moore.sc.edu. http://sc.edu/about/initiatives/usc_connect. Accelerated Bachelor’s/MACC Program Accounting Spotlight: Internship Programs A flexible curriculum, a close-knit family of students and a Accounting majors are encouraged to gain hands-on faculty that prepares graduates for long-term success make experience in the field by obtaining paid internships in the the Moore School’s Master of Accountancy program much summers after their junior and senior years. Students have more than just a master’s degree. With the accelerated the opportunity to offer students a valuable opportunity to program, you can complete up to 12 hours that are preview the accounting profession and learn more about a counted toward both undergraduate and graduate degree firm where they would like to work. requirements, allowing you to complete both degrees in a shorter amount of time than the traditional path. As a MACC Students may also obtain a winter internship, which allows graduate, you will meet the education requirements for the them to experience audit and tax season firsthand. The CPA license and are expected to complete the CPA Exam winter internship program, which occurs in the spring during the program. Contact macc@moore.sc.edu for more semester of the final year, is competitive and facilitated by information on the accelerated program, including eligibility the Moore School’s Office of Career Management. Students requirements. work for a firm for the first half of the spring semester THE ECONOMICS MAJOR Economics AT THE DARLA MOORE SCHOOL OF BUSINESS Economics is a good fit for students who: Many Moore School economics students go directly to • Enjoy thinking about business from a theoretical, big- graduate or professional school. Recent graduates have picture perspective attended schools such as Harvard Graduate School of Education, Villanova University School of Law and • Want to develop general analytics skills that can be useful Georgetown University School of Public Policy. in many future business and government careers • Are interested in attending graduate or professional Companies that have hired Moore School economics school majors in recent years include Vanguard, Nestle, Amazon, Honeywell and Deutsche Bank. Potential career pathways include: According to a recent UofSC Career Center survey, the • Banking, manufacturing, insurance, retailing and economic 2020 average starting salary for Moore School economics research graduates is $62,614. • Local, state and federal government positions in regional planning and development, employment and labor force Avg. Salary Avg. Salary Avg. Salary Avg. Salary analysis, ecology, transportation, and the regulation of 2017 2018 2019 2020 industry $56,069 $55,730 $59,600 $62,614 • Teaching economics in secondary schools or in colleges and universities Employment Rate (Single Major): 81% Economics is a career field that offers a wide variety of Students who earn degrees from the Moore School opportunities. Professional economists can find work in all complete the comprehensive business core, while industry sectors and are involved in economic forecasting, economics students in the College of Arts and Sciences market research, cost-effectiveness studies, investment complete more economics and non-business course work. analysis, policy analysis, impact studies, program evaluations and solving budget problems. Major Requirements: All students take two introductory economics courses, 4
Principles of Microeconomics and Principles of • Peer Leadership: Gamecock Economics Society, Omicron Macroeconomics, as part of the business core. Delta Epsilon, Moore School Student Ambassadors, Beta All economics majors also take: Gamma Sigma business honor fraternity • ECON 321: Intermediate Microeconomic Theory • Professional Practice: Proving Ground, business case • ECON 322: Intermediate Macroeconomic Theory competitions, Alpha Kappa Psi • ECON 436: Introductory Econometrics • Research: Some economics courses (ECON 399, ECON 511, ECON 589) include research components in the • Students pursuing the business economics major also curriculum take two elective courses in economics. Work in many of these extracurricular areas can contribute Note that these are the 2019-20 major requirements and are subject to to one or more of the paths to Graduation with Leadership change as the school regularly updates its curriculum in response to the evolving needs of the business community. Distinction. Find out more at http://sc.edu/about/initiatives/usc_connect. Economics Business Analytics Concentration Students may add the economics business analytics Economics Spotlight: Gamecock Economics Society concentration to their degree. This concentration requires For students who want to extend their economics education three additional analytics courses, which are specified by the beyond the classroom or who are interested in networking economics department. with fellow students, faculty and members of the business community, the Gamecock Economics Society provides Economics Beyond the Classroom opportunities to do all of that and more. In addition to Extracurricular areas to enhance your economics degree building a stronger sense of community among economics include: students and providing leadership opportunities for students • Community Service: Office of Sustainability, Net Impact who serve as its officers, the society regularly shares information with its members about news and trends in the • Diversity and Social Advocacy: Some economics industry and professional development opportunities on courses (ECON 508) include diversity and social advocacy campus and beyond. components in the curriculum • Global Learning: Some economics courses (ECON 503, ECON 504, ECON 505) include global learning components in the curriculum THE FINANCE MAJOR Finance AT THE DARLA MOORE SCHOOL OF BUSINESS Finance is a good fit for students who: • Financial institution officers and managers • Are comfortable working with numbers • Financial planners • Enjoy analyzing data for making high-stakes decisions • Financial services brokers under uncertainty • Investment professional • Desire a fast-paced career with significant opportunities for success A degree in finance prepares students for careers in three interrelated areas: commercial and investment banking, Potential career pathways include: corporate finance, and asset management. Companies that • Accountants and auditors (including forensic) have hired Moore School finance majors in recent years include Bank of America, Citigroup, Fidelity Investments, • Bank examiners First Citizens Bank, Merrill Lynch, PricewaterhouseCoopers • Business managers and Wells Fargo. • (C-suite and others) According to a recent UofSC Career Center survey, the 2020 • Commodities brokers average starting salary for Moore School finance graduates is • Credit analysts $59,900. 5
Avg. Salary Avg. Salary Avg. Salary Avg. Salary • Global Learning: Some finance courses (FINA 341, IBUS 2017 2018 2019 2020 401) include international components in the curriculum $54,956 $58,159 $60,028 $59,900 • Peer Leadership: CFIA, Gamma Iota Sigma, Moore School Student Ambassadors, Beta Gamma Sigma business Employment Rate (Single Major): 86% honor fraternity Major Requirements: • Professional Practice: CFIA, Gamma Iota Sigma, Students pursuing a finance degree must complete 15 hours, Entrepreneurship Club, Alpha Kappa Psi including: • Research: Some finance courses (FINA 365, FINA 470) • FINA 365: Corporate Financial Analysis include research components in the curriculum • FINA 469: Investment Analysis and Portfolio Management Work in many of these extracurricular areas can contribute • FINA 470: Financial Statement Analysis to one or more of the paths to Graduation with Leadership Distinction. Find out more at • Two additional finance courses, selected from: http://sc.edu/about/initiatives/usc_connect. » FINA 341: Management of Risk and Insurance » FINA 366: Introduction to Real Estate and Urban Finance Scholars Program Development The Moore School is committed to building a solid road » FINA 444: Corporate Risk Management map to high-end finance for its best undergraduate finance students. The Carolina Finance Scholars program’s mission is » FINA 463: Case Studies in Corporate Finance to: » FINA 465: Commercial Bank Practice and Policy • Improve the quality, placement and trajectory of top finance undergraduate students » FINA 466: Real Estate Investment Fundamentals • Enhance their practical, analytical and technical skill sets » FINA 467: Real Estate FInance • Provide them direct exposure to well-placed industry » FINA 471: Derivative Securities professionals, particularly alumni » FINA 475: Fixed Income Securities » FINA 476: Foundations of Capitalism Through advanced and specialized course work, data source instruction, live case studies with industry partners, career » IBUS 401: International Financial Management management training, internships and alumni networking, Students also select a minor or an area of directed study for the Finance Scholars program will prepare its undergraduate an additional 18 hours. participants for a career in high-end finance. Application is Note that these are the 2019-20 major requirements and are subject to competitive and takes place at the end of sophomore year. change as the school regularly updates its curriculum in response to the Students must have taken FINA 363 to apply. evolving needs of the business community. Finance Spotlight: Carolina Finance and Finance Business Analytics Concentration Investment Association Students may add the finance business analytics The Carolina Finance and Investment Association (CFIA) is a concentration to their degree. This concentration requires student-driven organization that works in conjunction with three additional analytics courses, which are specified by the faculty and alumni to provide the resources necessary for finance department. students to achieve their goals of working in top financial positions. CFIA features regular guest speakers, trips, The Department of Finance at the Moore School is known educational seminars, resume workshops, interview training, for its outstanding faculty whose interests range from trading competitions, community outreach, social events bank management, corporate restructuring, investment and a mock fund. It’s a great way for students interested in management and fixed income strategies, to risk finance to accelerate and deepen their understanding of the management and real estate finance. financial world. Finance Beyond the Classroom Extracurricular areas to enhance your finance degree include: • Community Service: Moneythink, CFIA, Gamma Iota Sigma, Alpha Kappa Psi, Net Impact • Diversity and Social Advocacy: Moneythink, Diversity and Inclusion Council, Women in Business Council 6
International Business THE INTERNATIONAL BUSINESS MAJOR AT THE DARLA MOORE SCHOOL OF BUSINESS International Business is a good fit for students who: Avg. Salary Avg. Salary Avg. Salary Avg. Salary 2017 2018 2019 2020 • Want to develop their transnational mindset and the skills needed for career progression to the highest $63,703 $61,470 $63,707 $65,493 management levels Employment Rate: 86% • Want to gain a cross-cultural understanding how global competitive dynamics influence companies throughout Major Requirements: the world Students pursuing an international business degree must • Are willing to confront situations and problems often complete 15 hours as well as a second major in business, characterized by complexity, ambiguity and uncertainty requiring a total of 27-36 hours, including: • Have an interest in living and working abroad • IBUS 310: Globalization and Business • Are interested in or already have exposure to other • Functional courses selected from courses such as: languages and cultures » International Financial Management, International All international business majors are required to choose Marketing, International Trade Economics, a second major that is functional in nature. Since it is International Development Economics or International uncommon for a student to work abroad immediately Entrepreneurship following graduation, the first full-time position most • Thematic courses selected from courses such as: international business majors obtain is through the skill sets gained within their second major area of study. The choice of » Competitive Strategies in Developing Countries, this second major is as important as the completion of the Cross-cultural Behavior and Negotiations, Global IB major. Many IB majors will chose a second major that is Stakeholder Management, Global Competitive Analysis quantitative based (i.e., accounting, finance or supply chain or Competitive Innovation Systems and operations), and this choice accounts for higher average » Regional courses selected from courses such as: starting salaries compared to students who choose a non- Business in Latin America, Africa, Europe or Asia quantitative major. (i.e., marketing or management). » Additional elective course Potential career pathways include: Learn more about course options at moore.sc.edu/ibmajor. • Public and private sectors—industry dependent on the Note that these are the 2019-20 major requirements and are subject to student’s second major choice change as the school regularly updates its curriculum in response to the evolving needs of the business community. An international business degree leads to work in a wide variety of organizations including consulting firms, The international business major explores the strategy and companies providing international services and multinational organization of business that occurs between individuals, companies across a full range of functional areas such as firms or organizations across countries. accounting, finance, marketing and logistics. Ranked No. 1 in the nation for more than two decades, Companies that have hired recent Moore School the international business program at the Moore School is international business graduates include Accenture, unparalleled in providing students opportunities to develop Amazon, Bank of America, Barclays Investment Bank, global competencies through rigorous international business BMW, Boeing, Booz Allen Hamilton, Coca-Cola, Deloitte training complemented by foreign language acquisition, Consulting, Deutsche Bank, Ernst & Young, IBM, Integration study abroad at elite partner schools and exposure to Point, Johnson & Johnson, JP Morgan Chase, Manhattan leading-edge faculty. Associates, McKinsey & Co., Merrill Lynch, Morgan Stanley, Nestle, PricewaterhouseCoopers and Wells Fargo. Admission to the international business major is highly selective. Students who are admitted to the South Carolina According to a recent UofSC Career Center survey, the 2020 Honors College may select the classic-IB track, which includes average starting salary for Moore School international spending at least one semester abroad at one of our business graduates is $65,493. more than 60 IB partner universities. The small number of remaining openings are filled through a highly competitive selection process. 7
International Business Beyond the Classroom Extracurricular areas to enhance your international business In addition to studies at the Moore School, students degree include: complete a year or more at an international business partner university. The cohort, comprised of both • Community Service: International Business Student Moore School students and students from the partner Advisory Council, Social Entrepreneurship Corps, Buddies schools, has a special opportunity to develop deep Beyond Borders ties to an international peer group, giving participants • Diversity and Social Advocacy: Diversity and Inclusion a much stronger global business network for support Council, Women in Business Council throughout their careers. • Global Learning: All IB students are required to study abroad Cohort Programs: • Peer Leadership: International Business Student Advisory • International Business of the Americas in Council, Moore School Student Ambassadors, Beta partnership with Universidad de Chile Gamma Sigma business honor fraternity • International Business and Chinese Enterprise in • Professional Practice: Beta Alpha Psi, Global Business partnership with Chinese University of Hong Kong Council, Alpha Kappa Psi • International Business Middle East North Africa in • Research: Some IB courses (IBUS 301, IBUS 310, IBUS 402, partnership with American University in Cairo IBUS 425, IBUS 426) include research components in the • International Business Enterprise Alliance curriculum in partnership with University of Mannheim (Germany), ESSEC Business School (Singapore Work in many of these extracurricular areas can contribute Campus), Fundação Getulio Vargas-EBAPE (Brazil) — to one or more of the paths to Graduation with Leadership functional focus on consulting Distinction. Find out more at http://sc.edu/about/initiatives/usc_connect. • Global Business and Innovation in partnership with Chinese University of Hong Kong in Shanghai and University of Auckland — functional focus on International Business Spotlight: Cohort Programs innovation and entrepreneurship Students in the cohort programs immerse themselves in an international experience throughout their college careers while enjoying the benefits of studying in the nation’s top international business department. THE MANAGEMENT MAJOR Management AT THE DARLA MOORE SCHOOL OF BUSINESS Management is a good fit for students who: In addition, management majors that choose the • Want to develop strong leadership qualities entrepreneurship concentration are required to complete a second major. Like international business majors, their jobs • Are interested in human resources and talent are more likely to come from this second major, in finance, management supply chain or marketing, for example. Completing a second • Want to work effectively in entrepreneurial settings more quantitative major will best prepare a student to obtain a higher paying job upon graduation. • Have a passion for fostering innovation • Want a broad-based business education Potential career pathways include: • Managers/team leaders All management majors are required to choose one of two concentrations: human resources and organizational • Project leaders leadership or entrepreneurship. Since students who • HR analysts major in management face more limited employment opportunities, having a focused concentration provides • Consultants a depth of skills in a specific area expands employment A degree in management gives you a strong understanding options. of how organizations function and prepares you to become 8
an impactful leader across a wide range of industries and • MGMT 425: HR Analytics functional areas. • MGMT 472: Entrepreneurship and Small Business The management major focuses on how organizations • MGMT 476: Collective Bargaining can more effectively attract, develop and retain talent to drive business performance, innovation, inclusion and Students pursuing the concentration in entrepreneurship entrepreneurial activity. Students explore topics such as complete 12 hours of course work: human resources, entrepreneurship and innovation, talent • MGMT 472: Entrepreneurship and Small Business analytics, leadership, teamwork, managing change, diversity • MGMT 473: Developing and Launching New Ventures and inclusion and strategic management. • MGMT 474: Executing Strategy in New Ventures Companies that have recently hired Moore School • MGMT 479: Advanced Issues in Entrepreneurship management majors include IBM, Coca-Cola Bottling Co., Note that these are the 2019-20 major requirements and are subject to Bank of America, Vanguard, International Paper, TIAA-CREF, change as the school regularly updates its curriculum in response to the Ford Motor Credit, Aflac, Techtronic Industries and Marriott evolving needs of the business community. Vacations Worldwide. Human Resources Business Analytics Concentration According to a recent UofSC Career Center survey, the Students may add the human resources business analytics average 2020 starting salary for Moore School management concentration to their degree. This concentration requires graduates is $52,995. three additional analytics courses, which are specified by the management department. Avg. Salary Avg. Salary Avg. Salary Avg. Salary 2017 2018 2019 2020 Students in both tracks benefit from three strong centers $50,329 $51,710 $51,018 $52,995 that are housed in the management department: The Faber Center for Entrepreneurship, the Riegel and Emory Employment Rate: 78% Human Resource Center and the Center for Executive Succession. These centers create experiential and networking Major Requirements: opportunities for undergraduates with business executives Students pursuing the concentration in human resources and who are leaders in their fields. organizational leadership must complete 15 hours, including: • MGMT 374: Strategic Human Resource Management Management Beyond the Classroom • And at least one of the following: Extracurricular areas to enhance your management degree include: » MGMT 376: Employee Engagement • Community Service: Entrepreneurship Club, Society for » MGMT 401: Negotiation and Conflict in the Workplace Human Resource Management » MGMT 402: Managing Teams in the Workplace • Diversity and Social Advocacy: Business and Community » MGMT 403: Leadership in Organizations Leadership Fellows program, Diversity and Inclusion Council, Women in Business Council Students can complete the nine remaining hours of course • Global Learning: Some management courses (MGMT work with the courses above or with courses selected from: 406, MGMT 408, MGMT 478) include global learning components in the curriculum • BADM 499: Business Internship • Peer Leadership: Entrepreneurship Club, Society for • MGMT 376: Employee Engagement Human Resource Management, Delta Sigma Pi, Beta • MGMT 401: Negotiation and Conflict in Workplace Gamma Sigma, Moore School Student Ambassadors • MGMT 402: Managing Teams in the Workplace • Professional Practice: Society for Human Resource • MGMT 403: Leadership in Organizations Management, Instigator, Alpha Kappa Psi • MGMT 404: Pay, Rewards and Motivation • Research: Some management courses (MGMT 425, MGMT 472, MGMT 473, MGMT 474, MGMT 478, MGMT • MGMT 405: Talent Management 479) include research components in the curriculum • MGMT 406: International Human Resource Management • MGMT 407: Corporate Social Responsibility and Work in many of these extracurricular areas can contribute Stakeholder Management to one or more of the paths to Graduation with Leadership Distinction. Find out more at • MGMT 408: Diversity and Inclusion http://sc.edu/about/initiatives/usc_connect. 9
Operations and Supply Chain THE OPERATIONS AND SUPPLY CHAIN MAJOR AT THE DARLA MOORE SCHOOL OF BUSINESS Operations and supply chain is a good fit for students who: Avg. Salary Avg. Salary Avg. Salary Avg. Salary 2017 2018 2019 2020 • Like analyzing business problems and finding new, creative and practical solutions $59,903 $59,390 $62,159 $62,719 • Enjoy learning through real-life, hands-on experience Employment Rate (Single Major): 87% • Are analytical and logical thinkers Major Requirements: • Enjoy working in teams Students pursuing an operations and supply chain degree must complete 16 hours, including: Potential career pathways include: • MGSC 485: Business Process Management • Business analysis • MGSC 486: Service Operations Management • Production planning and control • MGSC 487: Global Sourcing Strategies and Application • Inventory management • MGSC 491: Supply Chain Management • Process improvement • MGSC 497: GSCOM Capstone Project or MGSC 495: Supply • Procurement Chain Planning and Control • Service operations • Entrepreneurship Supply Chain Business Analytics Concentration Students may add the supply chain business analytics • Consulting concentration to their degree. This concentration requires three additional analytics courses, which are specified by the Operations and supply chain majors at the Moore School management science department. are trained in operations management, business process improvement, sourcing, quality control, distribution, logistics The operations and supply chain major provides you with and supply chain management. Operations and supply chain the competencies to systematically analyze and improve majors find attractive careers in global manufacturing firms in business processes in manufacturing, health care, services production/operations, sourcing, quality control, distribution, and their supply chains. logistics and supply chain management; in service firms for general operations management and logistics/supply The Moore School’s undergraduate operations and supply chain management; and in consulting firms as supply chain chain program is currently ranked No.13 in the nation and business process improvement consultants. and has one of the nation’s best job placement rates. Key strengths of the program include outstanding faculty, a Operations and supply chain employers include 3M, ABB, curriculum that is regularly updated to reflect the latest Accenture, Amazon, Bank of America, BMW, Boeing, Bosch, industry trends and extensive opportunities for students to Carolinas Healthcare System, Coca Cola, Continental Tire, gain hands-on operations and supply chain experience. Cummins, Dalmier Mercedes Benz, Dell, Delta Airlines, Deloitte, Eastman Chemical, Eaton, Ernst & Young, GE, Operations and Supply Chain Beyond the Classroom Grainger, Goodrich-UTC, IBM, Ingersoll Rand, Intel, Johnson Extracurricular areas to enhance your operations and supply & Johnson, Lockheed, L’Oreal, Manhattan Associates, chain degree include: McKinsey Consulting, Michelin, NCR, Northrop Grumman, PricewaterhouseCoopers, Raytheon, Rolls Royce, Siemens, • Community Service: Some operations and supply chain Sonoco, Target, Tesla, Textron Specialized Vehicles and courses (MGSC 394, MGSC 485, MGSC 486) include Wells Fargo. community service components in the curriculum • Diversity and Social Advocacy: Net Impact, Diversity and According to a recent UofSC Career Center survey, the average Inclusion Council, Women in Business Council 2020 starting salary for Moore School operations and supply • Global Learning: Some operations and supply chain chain graduates is $62,719. courses include global learning components in the curriculum 10
• Peer Leadership: Beta Alpha Psi, Society of Supply Chain Operations Excellence, Beta Gamma Sigma business improvement protocol that is in wide use in many honor fraternity, Moore School Student Ambassadors industry sectors. Most operations and supply chain • Professional Practice: Beta Alpha Psi, Consulting Club, managers earn the Green Belt while on the job. Moore Business Analytics Club, Alpha Kappa Psi School operations and supply chain students who graduate with the Green Belt are prepared to bring • Research: Some operations and supply chain courses added value to their employers from day one. (MGSC 497) include research components in the curriculum As an alternative, students may also enroll in our APICS Work in many of these extracurricular areas can contribute professional certification preparatory program. This to one or more of the paths to Graduation with Leadership program delivers the first four-fifths of a curriculum Distinction. Find out more at that has been used to educate more than 75,000 http://sc.edu/about/initiatives/usc_connect. professionals on essential terminology, concepts and strategies related to demand management, Operations and Supply Chain Spotlight: Lean Six Sigma procurement and supplier planning, capacity Green Belt Certificate/APICS course work requirements planning, master scheduling, performance measurements, supplier relationships, quality control The Moore School’s operations and supply chain and continuous improvement. Students graduate program is the only academic program in the nation prepared to pass the first four modules of the APICS that offers students the opportunity to earn an industry- certification, “Certified in Production and Inventory validated Lean Six Sigma Green Belt certification. Management.” Earning Green Belt certification signals to employers that you are highly trained in the Six Sigma process THE MARKETING MAJOR Marketing AT THE DARLA MOORE SCHOOL OF BUSINESS Marketing is a good fit for students who: and the Moore School is refining its courses to meet the • Enjoy strategic thinking and problem solving needs of the marketplace in three key areas: market research and business analytics, marketing strategy and go-to-market • Are skilled at insights and data-driven decision making strategy and sales leadership and business development. • Have strong interpersonal and communication skills Course work in marketing explores the economic, cultural, demographic and social factors that influence demand for Potential career pathways include: products and services. • Market research • Business analytics Companies that have recently hired Moore School marketing majors include Google, Coca-Cola, TD Bank, Vanguard, • Brand and product management Integration Point, Ingersoll Rand, Belden, Belk, Neiman • Marketing communications Marcus, Textron Specialized Vehicles and Walt Disney. • Digital and social media marketing According to a recent UofSC Career Center survey, the 2020 • Sales management and personal selling average starting salary for Moore School marketing graduates • Retail management is $54,846. • Entrepreneurship Avg. Salary Avg. Salary Avg. Salary Avg. Salary • Consulting 2017 2018 2019 2020 Marketing has become one of the most diverse and $49,475 $51,724 $53,676 $54,846 challenging roles inside any enterprise. Marketers are often Employment Rate (Single Major): 75% the key stakeholders in driving performance, both in sales and profits. The marketing major explores the development, Major Requirements: pricing, distribution and promotion of products, services and Students that select the marketing major will take 15 hours ideas. Companies are often looking for marketing specialists, of marketing course work. 11
All students complete nine hours of core marketing course Marketing Beyond the Classroom work: Extracurricular areas to enhance your marketing degree • MKTG 351: Consumer Behavior include: • MKTG 352: Principles of Marketing Research • Community Service: Some marketing courses (MKTG 453, MKTG 455, MKTG 465) include community service • MKTG 465: Marketing Strategy and Planning components in the curriculum Students then typically select a minimum of two electives • Diversity and Social Advocacy: Sustainable Carolina, from: Diversity and Inclusion Council • IBUS 402: International Marketing • Global Learning: Some marketing courses (MKTG 350, MKTG 451) include global learning components in the • MKTG 445: Sales Strategy curriculum • MKTG 446: Sales Automation and Customer Management • Peer Leadership: American Marketing Association, • MKTG 447: Pricing Strategy and Analytics Consulting Club, Business Analytics Club, Moore School Student Ambassadors, Beta Gamma Sigma, Alpha Kappa • MKTG 451: Topics in Marketing Psi • MKTG 453: Marketing Practicum • Professional Practice: Beta Alpha Psi, Global Business • MKTG 454: Business-to- Business Marketing Council, AMA, Consulting Club, Market Research Scholars • MKTG 455: Marketing Communications (MKTG 453), Business Analytics Club, Alpha Kappa Psi • MKTG 457: Personal Selling and Sales Management • Research: Market Research Scholars (MKTG 453) • MKTG 458: Creative Strategy in Advertising Work in many of these extracurricular areas can contribute • MKTG 459: Marketing Channels and Distribution to one or more of the paths to Graduation with Leadership • MKTG 460: Product Management Distinction. Find out more at http://sc.edu/about/initiatives/usc_connect. • MKTG 461: Retailing Management All marketing majors also select a minor or an approved area Marketing Spotlight: American Marketing Association of directed study. As the largest professional association for marketers in the United States, the American Marketing Association Note that these are the 2019-20 major requirements and are subject to change as the school regularly updates its curriculum in response to boasts more than 30,000 members across 76 the evolving needs of the business community. The major course credit professional and 250 collegiate chapters. The Moore requirement for classes starting fall 2017 and after will be 15 credit hours School’s chapter is particularly active, hosting monthly meetings that feature guest speakers, real-world projects Marketing Business Analytics Concentration and more. Students may add the marketing business analytics concentration to their degree. This concentration requires three additional analytics courses, which are specified by the Marketing Spotlight: Marketing Scholars marketing department. The Marketing Scholars program brings together the best Marketing students have opportunities to gain hands- and brightest marketing students to work with partner on experience through the Moore School’s Center companies on a real client project. The program even for Marketing Solutions, which provides results from counts as course credit towards your degree. student-led marketing projects that support an extensive list of corporate partners. Select undergraduate students are assigned meaningful roles in these research projects and emerge from the program with significant real-world experience. Marketing faculty at the Moore School are widely recognized for their expertise in key subjects such as consumer behavior, marketing strategy, research methods, behavioral pricing and marketing communications. 12
Real Estate THE REAL ESTATE MAJOR AT THE DARLA MOORE SCHOOL OF BUSINESS Real estate is a good fit for students who: Students then select one of the following courses: • Understand the importance and role of real estate in • FINA 367: Real Estate Market Analysis national and international economies • FINA 468: Real Estate Appraisal • Understand the legal foundations of real estate and • FINA 480: Global Real Estate Capital Markets conveyance of real estate interest • Apply basic present value and future value analysis to real Students choose one of the following courses: estate decisions • FINA 365: Corporate Financial Analysis • Understand the basic concepts of real estate finance • FINA 465: Commercial Bank Practice and Policy • Value real estate, including residential and income- • FINA 469: Investment Analysis and Portfolio Management producing properties Students also select a minor or a program of approved Potential career pathways include: directed course work. • Real estate broker Note that these are the 2019-20 major requirements and are subject to • Real estate sales agent change as the school regularly updates its curriculum in response to the • Appraiser evolving needs of the business community. • Financial examiner Real Estate Business Analytics Concentration • Lawyer Students may add the real estate business analytics concentration to their degree. This concentration requires UofSC real estate graduates are eligible to immediately sit four additional analytics courses, which are specified by the for the South Carolina Real Estate Broker’s Licensing Exam, finance department. exempting three years of otherwise required professional experience and 150-160 hours of mandated course work. Real Estate Beyond the Classroom Reciprocity of licensure is available with other states. Extracurricular areas to enhance your real estate degree include: Companies that have recently hired Moore School real estate majors include CB Richard Ellis, ERA Wilder Realty and • Community Service: Moneythink, CFIA, Gamma Iota Continental Realty Corporation. Sigma, Alpha Kappa Psi • Diversity and Social Advocacy: Moneythink, Diversity According to a recent UofSC Career Center survey, the average and Inclusion Council 2020 starting salary for Moore School real estate graduates is • Global Learning: Some finance courses (FINA 341, FINA $54,548. 480) include international components in the curriculum Avg. Salary Avg. Salary Avg. Salary Avg. Salary • Peer Leadership: CFIA, Gamma Iota Sigma, Moore School 2017 2018 2019 2020 Student Ambassadors, Beta Gamma Sigma business $57,750 $52,875 $54,067 $54,548 honor fraternity Employment Rate (Single Major): 91% • Professional Practice: South Carolina Organization for Real Estate, Beta Alpha Psi, Alpha Kappa Psi Major Requirements: • Research: Some finance courses (FINA 365, FINA 470) Students pursuing a real estate degree must complete 15 include research components in the curriculum hours. All students who take FINA 366: Introduction to Real Estate and Urban Development are required to take: Work in many of these extracurricular areas can contribute to one or more of the paths to Graduation with Leadership • FINA 466: Real Estate Investment Fundamentals Distinction. Find out more at • FINA 467: Real Estate Finance http://sc.edu/about/initiatives/usc_connect. 13
Risk Management and Insurance THE RISK MANAGEMENT AND INSURANCE MAJOR AT THE DARLA MOORE SCHOOL OF BUSINESS Risk management and insurance is a good fit for Financial Group, PricewaterhouseCoopers, Standard and students who: Poor’s, State Farm Insurance, SunTrust, Time Warner and • Want to improve their problem-solving skills Wells Fargo. • Want to be good at making decisions when there is According to a recent UofSC Career Center survey, the average uncertainty about the outcomes 2020 starting salary for Moore School Risk Management and • Enjoy working collaboratively with people across a range Insurance graduates is $56,979. of functional areas Avg. Salary Avg. Salary Avg. Salary Avg. Salary The risk management and insurance major: 2017 2018 2019 2020 $51,342 $55,750 $57,022 $56,979 • Teaches disciplined methods for making decisions under uncertainty Employment Rate (Single Major): 89% • Provides a broad framework for evaluating all types of risk • Introduces risk management as a rational method for Major Requirements: identifying and treating all types of risk Students pursuing a risk management and insurance degree must complete 15 hours. All majors complete the following • Emphasizes risk assessment as a core element of business two courses: literacy • FINA 341: Management of Risk and Insurance • Examines risk transfer markets, including insurance markets and derivative markets • FINA 469: Investment Analysis and Portfolio Management • Applies concepts from finance, probability and statistics Students also select three of the following courses: to measure risk and improve risk decisions • IBUS 436: Risk Management and Social Strategies • Engages students in the discussion of key public policy issues involving risk • ECON 531: Health Economics • Deepens appreciation of the difficult trade-offs that are • FINA 442: Life Insurance required to resolve public policy issues • FINA 443: Property and Liability Insurance • Positions risk management as a powerful methodology • FINA 444: Corporate Risk Management • Illustrates the power of language, tools and concepts to • FINA 445: Employee Benefits manage in a complex world • FINA 446: Insurance Operations • Challenges students to develop their ability to think • FINA 471: Derivative Securities critically • FINA 490: Special Topics in Finance Potential career pathways include: Students also select a minor or area of directed study, which • Insurance brokers is typically 18 additional hours. • Investment analysts • Risk managers Note that these are the 2019-20 major requirements and are subject to change as the school regularly updates its curriculum in response to the • Underwriters evolving needs of the business community. • Claim specialists Risk and Insurance Management Business Analytics Companies that hire Moore School risk management and Concentration insurance majors include Accenture, AIG, All Risks, Amica, Students may add the risk and insurance management Bank of America, BlueCross BlueShield, Chubb, Citigroup business analytics concentration to their degree. This Inc., CAN, Colonial Life, Ernst & Young, GE Capital, Freddie concentration requires four additional analytics courses, Mac, Geico, Liberty Mutual Group, Markel, Metropolitan which are specified by the finance department. Life Insurance Company, Morgan Stanley, Principal 14
Risk Management and Insurance Beyond the Classroom Work in many of these extracurricular areas can contribute Extracurricular areas to enhance your risk management and to one or more of the paths to Graduation with Leadership insurance degree include: Distinction. Find out more at • Community Service: Moneythink, CFIA, Gamma Iota http://sc.edu/about/initiatives/usc_connect. Sigma, Alpha Kappa Psi • Diversity and Social Advocacy: Moneythink, Diversity Risk Management and Insurance Spotlight: and Inclusion Council, Women in Business Council Gamma Iota Spotlight • Global Learning: Some finance courses (FINA 341, IBUS The Moore School’s Lambda chapter of the Gamma Iota 436) include international components in the curriculum Sigma international risk management, insurance and • Peer Leadership: CFIA, Gamma Iota Sigma, Moore School actuarial science collegiate fraternity is large and active. Student Ambassadors, Beta Gamma Sigma business In addition to bringing in guest speakers and providing honor fraternity opportunities for students to network with industry • Professional Practice: CFIA, Gamma Iota Sigma, Global professionals, Gamma Iota Sigma connects students to Business Council, Alpha Kappa Psi scholarships, internships and philanthropic activities and hosts social events and fundraisers. • Research — Some finance courses (FINA 365, FINA 470) include research components in the curriculum DOUBLE MAJORS DOUBLE MAJORS AT THE DARLA MOORE SCHOOL OF BUSINESS There is often debate about the value of a double major If the choice is made to pursue a double major, we strongly when employers clearly value experience. The National recommend that one of the majors be a quantitative- Association of Colleges and Employers (NACE) surveyed based major (i.e., finance, accounting, economics or supply employers in 2015 to assess which factors were influential chain). The double major does still remain relevant in many in hiring decisions. Of the responding organizations, 72.4% cases (especially when it means an increased variety of stated that they preferred candidates with experience. transferable skills) but a pairing between soft and hard Employers rated the influence of internships higher than business majors may be more effective than overloading candidates’ majors. Holding a leadership position was students with classes in two majors that focus on the same also rated as equally influential as candidates’ majors. elements of business. Unfortunately, students who often pursue double majors Please consult the chart below for the combinations of may not make time for internships or co-curricular activities majors and how the combinations effect starting salaries: because they are carrying a higher credit load or need to take courses during the summer. Major Major 2019 Major + IB 2019 Major 2020 Major + IB 2020 Accounting $57,917 $55,833 $58,669 $63,856 Business Economics $59,600 $69,125 $62,614 $77,000 Finance $60,028 $68,100 $59,900 $67,579 International Business $63,707 N/A $65,493 N/A Management $51,018 $61,938 $52,995 $56,917 Marketing $53,676 $55,583 $54,846 $64,500 Operations and $62,159 $65,253 $62,719 $64,886 Supply Chain Real Estate $54,067 N/A $54,548 N/A Risk Management $57,022 N/A $56,979 N/A and Insurance 15
Overall Major Outcomes You can compare the combinations in the previous chart to the data gathered on overall salaries below. Major Employment Rate Avg. Salary 2018 Avg. Salary 2019 Avg. Salary 2020 Accounting 88% $55,355 $57,917 $58,669 Economics 81% $55,730 $59,600 $62,614 Finance 86% $58,159 $60,028 $59,900 International Business 86% $61,470 $63,707 $65,493 Management 78% $51,710 $51,018 $52,995 Marketing 75% $51,724 $53,676 $54,846 Operations and 87% $59,390 $62,159 $62,719 Supply Chain Real Estate 91% $52,875 $54,067 $54,548 Risk Management 89% $55,750 $57,022 $56,979 and Insurance Double Major Outcomes The average salaries for double major combinations are listed below. Double Major Combinations 2020 Avg. Salary Double Major Combinations 2020 Avg. Salary Accounting/Economics $58,667 Finance/Marketing $58,471 Accounting/Finance $60,692 Finance/Operations and Supply Chain $64,844 Accounting/International Business $63,856 Finance/Real Estate $55,911 Finance/Risk Management Accounting/Management $48,670 $55,437 and Insurance Accounting/Marketing $48,000 International Business/Management $56,917 Accounting/Operations and Supply Chain $58,000 International Business/Marketing $64,500 International Business/ Economics/Finance $66,500 $64,886 Operations and Supply Chain Economics/International Business $77,000 Management/Marketing $51,553 Management/ Economics/Marketing $60,000 $58,167 Operations and Supply Chain Marketing/ Economics/Operations and Supply Chain $60,000 $57,654 Operations and Supply Chain Marketing/ Finance/International Business $67,579 $61,000 Risk Management and Insurance Finance/Management $58,800 16
INTERNSHIPS INTERNSHIPS AT THE DARLA MOORE SCHOOL OF BUSINESS Employers highly value business experience when they to utilize the internship pool as a pool of talent to fill their consider offering full-time employment opportunities to full-time employment needs. students. Employers are very interested in what a student The data below also indicates that students with internship can immediately contribute to their team or division within experiences on their resume, also will be able to translate their company on day one of employment. An internship that summer work experiences into actual higher starting is also a form of experiential learning that both allows a salaries of approximately $6,000. We encourage at least two student to put theory into action within a corporate setting functional area internships after both the sophomore and and also refine their individual career goals. The company junior years. The majority of internships completed between that offers the internship also uses the internship experience the junior and senior years are most often used a screening as a 10- to 12-week “job interview” and they are able to for potential full-time job opportunities. observe the work skill sets and production and accuracy of daily work produced by the student. Employers are also able 17
TOP EMPLOYERS TOP EMPLOYERS AT THE DARLA MOORE SCHOOL OF BUSINESS Accenture ExxonMobil Parker Hannifin Corporation Passport Inc. Aerotek Fastenal Company Peak Completion Technologies, Inc. AFLAC FedEx Express AgFirst Farm Credit Bank PepsiCo Ferguson Enterprises Inc. ALDI Positec USA Fifth Third Bank Amazon PPG Industries Fisher Investments American Airlines Prysmian Group Ford Motor Company American Credit Acceptance PwC Ford Motor Credit Company Amica Mutual Insurance Company GEICO Red Classic Transportation Apple Services LLC Aramark General Electric Red Ventures Archer Daniels Midland Goldman Sachs Republic National Distributing Company AT&T Goodyear Tire Company RR Donnelley AVAYA Grant Thornton Greystar Real Estate Partners SCANA Bank of America ScanSource, Inc. BASF Hilton Schneider Electric BB&T Honeywell International ScottMadden Consulting Belk, Inc. IBM Seibels BlueCross BlueShield Infosys Shaw Industries Boeing Ingersoll Rand Company Shell Oil Bosch Insight Global Signature Consultants Bridgestone Integration Point Smith & Nephew Capgemini America, Inc. International Paper Sonepar USA Cardinal Health Sonoco Products Company Cherry Bekeart JEAR Logistics, LLC South State Bank Chick-fil-A Kaiser Permanente SPAWAR Systems Center Atlantic Cintas Corporation Kohl’s Corporation Starbucks Cisco Systems KPMG State Farm Citigroup Sub Saharan Africa Drilling Coca-Cola Bottling Company Consolidated Leica Biosystems (Danaher) SunTrust Cognizant Business Consulting L’Oreal USA Synchrony Financial Colfax Fluid Handling Manhattan Associates, Inc. Syngenta Colonial Life MarketSource Target Corporation Compass Group USA Mars Techtronic Industries, NA (TTI) Credit Suisse McKinsey & Company Textron Cregger Company Inc. Mercedes-Benz Vans The Cason Group Cummins Turbo Technologies Merrill Lynch The Home Depot Dell Technologies Michelin The Select Group Deloitte Consulting Microsoft The Sherwin-Williams Company Dixon Hughes Goodman, LLP Mondelez International Thyssenkrupp Elevator Corporation Domino’s Nationwide Financial Services TIAA Doosan Infracore Portable Power Nephron Pharmaceutical Corporation TNG Retail Driven Brands Shared Services, LLC Nestle USA Tomlin & Co. DuraFiber Technologies Newell Brands Total Quality Logistics Dyson Nolan Transportation Group Travelers Eastman Chemical Company Nordstrom United Parcel Service (UPS) Eaton Northwestern Mutual United Technologies Aerospace Systems Eli Lilly and Company Nucor Unitrends Inc. Nuxeo Corporation Elliott Davis Vanguard Enterprise Holdings Office of the Comptroller of the Currency Volkswagen Group of America Ericsson, Inc. Ozburn Hessey Logistics Ernst & Young Wells Fargo Securities Expedia, Inc. Pan-American Life Insurance Company Parallon To further research the academic requirements and course sequences of each major, and to more fully understand available minors, visit: sc.edu/moore/study 18
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