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department of Economics, Finance & Marketing

The Department of Economics, Finance and Marketing offers a high quality education to students enrolled in the very exciting fields of economics, finance and marketing.  The department confers a bachelor of sciences degrees in business administration and a bachelor of arts Degree in Economics.  Students in the business program may pursue concentrations in either finance or marketing while economics students may choose between business economics, agricultural economics and social science concentrations. 
The department is staffed with highly qualified faculty members who earned their doctorate degrees from some of the nation’s most notable universities. In addition to teaching, faculty members are dedicated to research activities in their area of expertise.
The department of Economics, Finance and Marketing offers a Bachelor of Arts degree in Economics with concentrations in Business Economics, Agricultural Economics/Agri-Business, and Social Science. Students will learn core principles of economic thinking and their applications to the fields noted above.
Economics graduates are employed in the financial industry such as banks, insurance companies, money management firms, as well as the government, (state, local and federal), non-financial corporations, international organizations, the Federal Reserve System, USDA,  research organizations and regulatory agencies.

The department of Economics, Finance and Marketing offers a Bachelor of Science degree in Business Administration with concentration in Finance. The program facilitates the acquisition of skills in a variety of areas including corporate finance, investment banking, asset management, insurance, real estate and personal financial planning.
Business graduates with concentration in finance are employed in various industries including banking, insurance, securities and exchange, federal and state government. They can take on positions as financial analyst, corporate risk analyst, commercial banking manager, real estate and securities analyst, credit and capital outlays manager, to mention just a few.

The department of Economics, Finance and Marketing offers a Bachelor of Science degree in Business Administration with concentration in Marketing, which allows majors to excel in product research, branding, sales and data driven digital advertising. 
Business graduates with concentration in marketing are sought after in various industries, and are employed as a corporate marketing officer, advertising and promotions manager, sales and merchandising consultant, production design and logistic officer and many more.    

Bachelor of Science in Business Administration Concentrations:

Students must choose one of the seven areas of concentration reflecting their particular interests: accounting, energy management, finance, international business, management, management information systems, and marketing. Click the links below to learn more about each specific concentration available.

Areas of Concentration - effective Spring 2016

Energy Management

International Business

Management Information Systems

Post-Graduate Programs:
  • Accounting - 33 Hours
    • This program is designed to facilitate career changes and/or advancement for business and non-business baccalaureate degree holders. All coursework required in the program must carry a grade of C or better to count toward fulfillment of the requirements. For more information contact Deborah Williams dwilli13@wvstateu.edu
     A - G   HYUNSANG   SON  313B / COLE   COMPLEX  hyunsang.son@wvstateu.edu   (304) 766-3121
     H - PET   HAILOU 105 / HILL     HALL  fhailou@wvstateu.edu   (304) 766-3057
     PH - Z   WILSON 106 / HILL HALL  mark.wilson@wvstateu.edu   (304) 766-3095

      A-Z     HAILOU   106 / HILL HALL   fhailou@wvstateu.edu (304) 766-3051

     A-J   HAILOU   105 / HILL HALL   fhailou@wvstateu.edu (304) 766-3057
     K-Z     WILSON   106 / HILL HALL   mark.wilson@wvstateu.edu (304) 766-3095 



ACBSP Accreditation

The Business and Economics Departments have received an additional academic accreditation through the Accreditation Council for Business Schools and Programs (ACBSP). ACBSP is a specialized accrediting organization that reviews the quality and integrity of business degree programs.  Accreditation by ACBSP is based on an independent evaluation of an institution’s business school or program by a group of professionals, which include faculty and academic administrators in the field of business. This additional accreditation provides the following benefits:

Benefits for the Institution

  1. The pursuit of accreditation reinforces a commitment to continuous improvement, innovation, and scholarship.
  2. The process of preparing an accreditation self-study enhances the focus on quality of student learning and renews a commitment to the educational mission.
  3. The recognition of effective business units through accreditation contributes to a more positive review by regional accreditors, as specialized accreditation is a confirmation of quality programming in specific divisions.
  4. Accredited status creates greater visibility for the institution.
  5. Accreditation provides prestige and credibility when seeking funding resources from donors, foundations, governments.
  6. In some states accredited status counts heavily in performance-based funding.
  7. Accreditation leads to more successful articulation of business credits.
  8. The accredited institution can utilize press releases to advertise accreditation status.
  9. Accredited status is printed in the college catalog.
  10. Accredited status is printed on business cards.
  11. Accredited status is posted on the college website.
  12. Accreditation provides a sense of pride within the institution.

Benefits for the Business & Economics Units

  1. Accreditation creates a process for continuous departmental improvement.
  2. Accreditation provides the impetus for identifying strengths and weaknesses.
  3. Accreditation keeps the programs current through curriculum development.
  4. Accreditation provides a forum for review and analysis of the business unit.
  5. Accreditation promotes an outcomes assessment process linking goals, activities, and outcomes.
  6. Accreditation creates guidelines for faculty credentials, which leads to higher standards in hiring, increased scholarly and professional activities, and more focused faculty development decisions.
  7. Accreditation creates guidelines when structuring programs.
  8. Accreditation provides a platform to share ideas and to question the status-quo, leading to effective change.
  9. Accreditation is a source of pride among program faculty and staff.
  10. Accreditation validates quality of work in the business unit.
  11. The business unit realizes greater local prestige through accreditation.
  12. Accreditation provides leverage when seeking on-campus resources.
  13. Accredited status leads to more effective acquisition of technology.
  14. Accreditation status is referenced when submitting budgets, grant proposals, and course/program proposals.
  15. Accredited status assists in recruitment of faculty.
  16. Accreditation activities are communicated to the Board of Trustees.
  17. Accredited status is printed on Business Division stationery.
  18. Accredited status is printed on course syllabi.
  19. The certificate of accreditation is prominently displayed.
  20. Accredited status is printed on brochures and newsletters.

Benefits for Faculty and Staff

  1. Accreditation provides a sense of pride within the business faculty and staff when national peers have validated a program.
  2. Faculty at accredited institutions are provided opportunities to keep current in quality procedures through seminars such as Baldrige training.
  3. Faculty experience a boost of self-esteem when teaching in an accredited business unit.
  4. Accreditation provides professional development and leadership opportunities for faculty and administrators in development of outcome assessments and conducting site visits to other institutions.

Benefits for Students

  1. Accreditation creates the impetus for relevancy and currency of faculty, programs, and courses to best serve students.
  2. The pursuit of accreditation enhances the ability to serve students by assuring a focus on quality performance.
  3. Accredited status requires an ongoing effort to provide excellent equipment, software, and learning resources for students.
  4. Accredited status reaffirms the commitment to effective student services.
  5. Students refer to accreditation status on resumes and in employment interviews.
  6. Accredited status provides the ability to host a chapter of Delta Mu Delta or Kappa Beta Delta honorary society, recognizing accomplishments of business students.
  7. Students who join these honorary societies can cite their special recognition when pursuing scholarships and writing resumes.

Benefits for the Community

  1. Accredited status provides recognition of the ability to serve community stakeholders.
  2. Accreditation creates the impetus for relevancy and currency of faculty, programs, and courses to best serve employers.
  3. External advisory committees learn the importance of accreditation.
  4. External advisory committee members can transfer the accreditation process to their continuous improvement efforts.

ACBSP Reports

2008-2009 Quality Assurance Report
ACBSP Response from 2008-2009 Quality Assurance Report
WVSU Report Requested 2011
ACBSP Response Jan 2012
2008 - 2011 Quality Assurance Report
ACBSP Response 2013

2015 Reaffirmation Letter
West Virginia State University - November 2017 QA Board Response

ACBSP Assessment
Standard 3 - Business & Economics Assessment Results Fall 2017
Standard 4 - Business & Economics Assessment Results Fall 2017
Standard 6 - Business & Economics Assessment Results Fall 2017

ACBSP Accredited Program Graduates
Graduates by ACBSP Accredited Program 2012-2017

Delta Mu Delta
Delta Mu Delta is a business honor society that recognizes and encourages academic excellence of students at qualifying colleges and universities to create a DMD community that fosters the well-being of its individual members and the business community through life-time membership. The WVSU DMD Chapter Faculty Adviser is Michael Lewis. To learn more about DMD visit http://deltamudelta.org/ and contact Michael Lewis via email at lewis@wvstateu.edu.  

Alpha Sigma
Alpha Sigma is an accounting honor society that recognizes academic excellence in Accounting coursework for students pursuing a carer in Accounting or a closely related field. Additionally, Alpha sigma is purposed to inform its members about the future an accounting degree offers, networking with local, regional and national accounting professionals, and opportunities for professional skillset development. The WVSU Alpha Sigma Faculty Adviser is Matthew Carroll. To learn more about Alpha sigma contact Matthew Carroll at mcarrol2@wvstateu.edu.

Faculty & Staff

Gregory  Elam
Adjunct for both the Accounting and Finance Programs
Dr. Frehot
Dr. Frehot Hailou
Chair Department of Economics, Finance, & Marketing and Professor
Phone: (304) 766-3057
Jose Ulises
Jose Ulises  Toledo
Professor of Economics, Finance and Marketing and Vice President of R & D
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