Jul 18, 2024  
Rensselaer Catalog 2024-2025 
Rensselaer Catalog 2024-2025


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The Lally Undergraduate Programs

The undergraduate programs at the Rensselaer Lally School of Management provides students with a solid education in the fundamental disciplines of management. They draw heavily on the strengths of Rensselaer in engineering, science, technology information, and entrepreneurship. Within these programs, the Lally School provides a balance between theory and practice while insuring rigor and relevance. There is a strong emphasis on the application of knowledge through team-based projects and a focus on the intersection of entrepreneurship and innovation.

Goals for the baccalaureate program in Management include:

  • preparing students for professional careers.
  • providing students with core management practices and an in-depth understanding in a specialized area.
  • teaching theories, concepts, and techniques to help students learn how to solve problems and make effective decisions.
  • helping students develop critical-thinking skills and the ability to adapt to a rapidly changing technological world.
  • teaching students to set a high standard of ethics and responsibility in personal affairs and professional life.
  • helping students develop competencies in utilizing information technology.
  • developing students who engage in global thinking and who can work in a multi-cultural setting.

Students are encouraged to select one or more areas of concentration: Accounting, Business Analytics, Entrepreneurship, Finance, Management Information Systems, Marketing, or Supply Chain Management.

The management core sequence emphasizes basic skills in the traditional business areas of finance, marketing, human behavior, computing, and organizational analysis and development. The math and science sequence provides a strong background in quantitative skills, while humanities and social sciences course work heightens the student’s appreciation for significant societal issues. Throughout the program, the topics introduced in the various courses are integrated. An internship in an organizational setting is required of all Lally Undergraduates.

Outcomes of the Undergraduate Curriculum
Students who successfully complete this program will be able to demonstrate:

  • an ability to communicate effectively.
  • an ability to examine ethical issues.
  • an ability to understand work in accounting.
  • an ability to understand work in finance.
  • an ability to work in functional management area of operations management.
  • an ability to work in functional management area of marketing.
  • an ability to work in functional management area of organizational behavior and human resources.
  • an ability to work in functional management area of strategy.
  • an ability to work in functional management area of information systems.
  • an ability to utilize analytical and technological skills.

Minor Programs

The Lally School also offers undergraduate minor programs for Management students and Rensselaer students majoring in other fields. Lally students may pursue a minor outside of the management school. Management majors typically use electives in their program for minor course work in complementary fields such as communications, computer science, economics, industrial and management engineering, or psychology. Students can elect to pursue interests in any Rensselaer school.

The minors offered by the Lally School are detailed in the Programs section of this catalog and require a minimum of 16 credit hours. Each student’s designated minor adviser can approve course substitutions to meet individual student needs.

Dual or Double Major Programs

To develop skills in other areas of interest or in preparation for careers related to specialized topics, students may pursue a dual or double major with other non-management curricula.

Such options can be arranged with the Schools of Engineering, Science, Architecture, or Humanities, Arts, and Social Sciences.

Undergraduate Opportunities

The Lally School offers additional programs to meet undergraduate needs in the areas of research, and cooperative education.

Undergraduate Research Program (URP)
Through the URP, students have the opportunity to work with a faculty adviser on tangible research projects. Students are eligible for a Summer Research Fellowship stipend under a program sponsored by the Office of Undergraduate Education. The stipend is intended to cover 10 weeks of full-time research.

Study Abroad Program

Study abroad has become an integral part of a well-rounded management education.  An academic semester abroad offers Lally undergraduate students the opportunity to learn first-hand about management in a global context while enhancing communication skills and expanding cross-cultural perspectives.  The Office of International Programs administers semester exchange programs at top business schools across Europe and offers additional exchanges at comprehensive universities worldwide. Foreign language proficiency is not required, and students earn credit towards the Rensselaer degree.  Most semester opportunities require second-semester sophomore standing and a minimum GPA of 3.0.

For more information about these programs, check out the website: https://info.rpi.edu/international-programs

The Lally Graduate Programs

Rensselaer’s Lally School graduate programs are as follows: Master of Business Administration, a Master of Science in Business Analytics, a Master of Science in Quantitative Finance and Risk Analytics, a Master of Science in Supply Chain Management, a graduate certiciate in Life Sciences Entrepreneurship and a doctoral program in Management.

  • MBA is a degree in general management with a focus on the themes of innovation and technology management. This program develops leaders who combine a passion for technology with the ability to apply it across business functions and to leverage it for competitive advantage.
  • MBA with a concentration in Life Sciences Entrepreneurship widens opportunities for students from biotechnology, biomedical engineering, chemical biology, chemical engineering, and other life sciences programs at the Institute level. 
  • M.S. in Business Analytics provides students with the knowledge and essential skills needed to respond to the new challenges characteristic of the data intensive, decision-making environments in the world today. The program provides hands-on experience through real-world problem solving, academic partnerships with IBM and SAS, and real-world data sets.
  • M.S. in Quantitative Finance and Risk Analytics trains students for careers in analyzing and assessing risk and for managing financial portfolios. These careers are expected to be in high demand given the current economic climate and corporate history of insufficient risk analysis.
  • M.S. in Supply Chain Management adopts a systems approach to provide students the knowledge and skills needed for a career in supply chain management. Students develop the capability to model supply chain operations; develop optimal process designs; and develop strategies for supply chain coordination, strategic sourcing, and effective demand fulfillment.

Doctoral Program

The Ph.D. in Management is a research-oriented academic program. Students develop a scholarly specialization in one of the following research themes:

  • Decision Intelligence and Risk Analytics
  • Managing in the Digital Age
  • Digitization and Transformation
  • Ethics of Emerging Technologies

Students are expected to develop expertise in one of Lally’s areas of interdisciplinary focus. The Ph.D. program emphasizes research methods and an appreciation of relevant theoretical and empirical literature in the student’s area of concentration. The program strives to balance theoretical approaches with empirical studies that can be applied to real-world challenges. Graduates of the doctoral program typically pursue academic and research positions at well-respected institutions in the United States and abroad.

Graduate Credit by Transfer and Examination

Credit for graduate work completed at other accredited institutions may be offered in partial fulfillment of the requirements for a degree at the Lally school when the work is appropriate to the student’s program. As a rule, this work will have been earned prior to enrolling at Rensselaer, but no more than five years prior to matriculation. A student already enrolled in Lally who wishes to take courses elsewhere must obtain the prior approval of their adviser and the Dean of Graduate Education.

Because the residence requirement for the master’s is 24 credit hours, not more than 6 credit hours may be transferred toward the 30-credit master’s degree, and not more than 6 credit hours used for a master’s degree in one area can be applied to a second master’s degree of 30 credits. In no case can the result of transfer or waived credits reduce this general degree requirement below 24 earned credit hours in a master’s program at Rensselaer.

Application for the transfer of credit must be made to the student’s program director. The area is responsible for evaluating course work taken elsewhere and reporting allowable transfer credit to the registrar on the transfer credit approval form. Courses taken elsewhere and approved for transfer to Rensselaer must be taken at the graduate level and have a grade of “B” or better to be approved. They are not considered in computing the B average requirement.

A graduate student who has taken courses at Rensselaer as a special non degree student may transfer to a degree program a maximum of 12 credits earned in that status. If a student has taken a graduate credit course while an undergraduate, received a grade of B or better, and did not use the credit to fulfill the requirements for the bachelor’s degree, he or she may request, through the faculty adviser, that the Office of Graduate Education count the credit toward the requirements for an advanced degree.

Note:  The minimum of a B grade to transfer a course in to Lally differs from Rensselaer policy as a whole, where a B- is accepted.

Additional Information

The Lally School also provides an array of support services to students throughout their studies.

Student Services assists with orientation, academic advising, and professional development. They assist with curricular, extra-curricular activities, career advising, and networking. The Student Services Team is located in the Pittsburgh Building - Suite 3200.

Lally provides opportunities to students who have multidisciplinary interest. A few example of these activities are: the Rensselaer Business Model Competition, the Jerome S. Reinert ‘56 Visiting Executive Series, Start Up Tech Valley, the Rensselaer Entrepreneurship Interns Program, the RPI-Foundry, and alumni networking programs on and off campus.

Join a student run club to enhance you career in Lally and meet like minded individuals, these clubs include the Lally Management Student Association, Women in Business Club, Rensselaer Finance Club and Epsilon Delta Sigma Honor Society. 

All Lally students are encouraged to work during the summer months in summer internship experiences that add value to their degree program and career goals. Part-time internships during the academic year are also an option for some students. Lally Career Resources and the Rensselaer Career Center for Professional Development (CCPD) support students in finding these internships. The academic adviser is also typically consulted to prevent academic or immigration issues. Lally Student Services, the CCPD and the International Student Services office must approve internships for international students working on a visa prior to the student accepting the offer.

Additional information on these activities may be found at www.lallyschool.rpi.edu

Course Descriptions

Courses directly related to all Management curricula are described in the Course Description section of this catalog under the department code - MGMT.

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