Institution Submitting Proposal:
UTAH VALLEY UNIVERSITY
School:
Woodbury School of Business
Department:
Management
Program Title:
BS Business Management: Finance and
Banking Emphasis
Recommended Classification of Instructional
Programs (CIP) Code:
52.0201
Proposed Beginning Date:
Fall, 2011
Institutional Signatures:
_____________________________________________
Matthew S. Holland, University President
Utah Valley University
______________________________________________
Ian Wilson
Vice President for Academic Affairs
_______________________________________________
David McArthur
Department Chair
_______________________________________________
Norman Wright
Dean
Date: 03/21/2011
Section I: Request
The Department of Management within the Woodbury School of Business (WSB) at Utah Valley University
(UVU) respectfully requests that the emphasis in Finance and Banking within the Bachelor of Science
Degree in Business Management be discontinued effective Fall 2011. Previously, the Finance and Banking
emphasis was one of six emphases that students could choose from within the broader context of a
Business Management degree at UVU. However, beginning with the Fall 2009 semester, the WSB was
authorized to offer both a BS and BA in Finance, which overshadows the need for the Finance and Banking
emphasis. This action was approved by the UVU Board of Trustees on March 17, 2011.
Section II: Need
Beginning with the Fall 2009 semester, the Board of Regents authorized the WSB to offer both a Bachelor
of Arts and a Bachelor of Science degrees in Finance. The new degrees include all the courses which
were previously a part of the BS Business Management: Finance and Banking emphasis, as well as
several additional higher level, more specialized courses. As a result, students who complete either the BA
or BS in Finance degree will be better prepared to meet the challenges they will face in their professional
careers. A departmental analysis suggested that as the financial industry has become more sophisticated;
students who complete the BA or BS in Finance degree (rather than the Business Management: Finance
and Banking emphasis) will be better able to meet the competitive requirements of the industry.
Section III: Institutional Impact
The discontinuation of the emphasis will only have a limited effect on the instructional programs offered
within the department. Many of the students seeking the BS Business Management: Finance and Banking
emphasis degree have already transferred to the BA or BS in Finance program. There is sufficient faculty
within the department to offer the specialized courses and to provide introductory finance courses that are
required for the finance degrees, as well as those included within the basic business required core. The
finance and banking emphasis is essentially just a component part of the broader finance degree, and there
is no longer a need to retain a separate structure for its administration.
Section IV: Finances
There will be no adverse impact on costs as a result of the proposed change. The BA/BS in Finance
degrees have subsumed all the relevant activities that were previously appropriate with the emphasis in
finance and banking.