2018-2019 Catalog 
    
    Jul 20, 2019  
2018-2019 Catalog

Accelerated, Joint, and Dual Degree Programs



To support students interested in earning degrees from both CMC and another academic institution at the same time, or in earning advanced degrees at an accelerated rate, CMC has established relationships with a number of respected academic institutions.

3+2 Engineering Programs

BA/BS in Economics and Engineering

The Economics and Engineering program allows students interested in a liberal arts education, together with a demanding curriculum in both economics and engineering, to earn two undergraduate degrees within five years. This is commonly called a “3+2 program.” Students in the Economics and Engineering (E&E)  program study at CMC for the first three years, completing at least 24 courses toward the Bachelor of Arts degree including all E&E major requirements and all general education requirements except for senior thesis.

During their junior year at CMC, E&E program students apply to transfer to an accredited engineering school of their choice. At the end of the junior year, students transfer to the engineering school, where they complete that institution’s requirements for graduation with a major in some form of engineering. Upon receipt of the Bachelor of Science degree from the engineering school, CMC students receive their Bachelor of Arts degree from CMC with a major in Economics and Engineering. CMC will confer the B.A. degree as follows:

  • Students who complete the B.S. degree between January and May will receive a May CMC degree date.
  • Those who complete the B.S. degree between June and August will receive an August CMC degree date.
  • Those who complete the B.S. degree between September and December will receive a December CMC degree date.

Students who are either not accepted to an engineering program, or who decide not to transfer at the end of the third year of study at CMC, may remain at CMC for a fourth year of study and complete the Bachelor of Arts degree with another major. Due to the significant number of requirements of the program, students should expect to enroll in and complete 5 courses during several of the semesters they are at CMC. Professor Gould is the program advisor.

Early Graduate School Entrance

Students with unusually strong records may be accepted by graduate schools at the end of their junior year (with completion of at least 24 courses). Once they complete at least two years of graduate work and earn advanced degrees, they may petition for a Bachelor of Arts degree from CMC. Students must complete all of CMC’s general education and major requirements except for senior thesis before leaving the College. For information, contact the Registrar.

Robert Day School BA/MA Combined Degree Program

The Robert Day School offers a combined BA/MA program which allows students to complete both a Bachelor of Arts and a Master of Arts in Finance within four years. The BA/MA program requires 36 units of coursework, at least 20 of which must be completed in residence at CMC during at least 5 regular semesters. Students may alternately elect to complete the program in four and a half or five years (9 or 10 semesters). Students who anticipate taking more than four years to complete the combined degree program should plan their college expenses accordingly. BA/MA Students complete 9 MA-level courses and meet all other M.A. requirements. Up to four M.A. courses may apply as Level II electives toward the CMC undergraduate major in economics. Students who complete the BA/MA program may not have the financial economics sequence recorded on their transcripts, since the M.A. portion of the combined degree subsumes that credential.

Who is eligible for the combined BA/MA Program?

Students admitted to CMC as first year, first-time degree seeking students may apply to the BA/MA program in the fall of their third semester in college. Students who transfer to CMC may apply to the BA/MA program after completing at least one full-time semester in residence at CMC. Transfer students must satisfy the same residency and course requirements for the BA/MA program as those students who arrived at CMC as first years.

It is possible for students pursuing a variety of undergraduate majors to also pursue the BA/MA in finance option. In addition to the undergraduate major in Economics  or Economics-Accounting , students may also be able to complete a dual major in another discipline. Students in other combined degree programs (such as Economics and Engineering ) are not eligible for the combined BA/MA program. Such students who wish to pursue the graduate curriculum at CMC could be admitted to M.A. program at the conclusion of their undergraduate program.

How long does the program take?

Depending on a student’s situation, he/she might earn both the B.A. and M.A. degrees within four years or might spread their work over up to five years. Significant advanced planning is needed to complete the program in four years, because it normally requires that students amass four extra undergraduate units before the start of the senior year. There are also financial aid implications for students who take more than four years to complete the program.

How many courses must a student complete in total?

BA/MA students must complete 36 units in order to satisfy their combined degree requirements. At least 20 of those course units must be satisfied in residence at CMC with regular full-credit academic courses, 4 more in-residence courses than is required for the 32-unit B.A. degree. Students must complete, present, and defend a major research project in the area of financial economics. The project may be the student’s senior thesis, which is also a general education requirement. Students who use the senior thesis for this requirement must register for the one-half credit research seminar course (ECON180 CM - Seminar in Research Methods ). Students must present and defend their research at the end of the semester in which they complete their research work.

Prerequisites for the program include:

Students are required to complete:

Interested students should meet with the Director of Graduate Programs, Professor Darren Filson and/or the Director of the Robert Day Scholars program, Kevin Arnold, to determine whether they would be competitive candidates. Students in the BA/MA program are not permitted to count an undergraduate course (any non-FIN course) toward the M.A. except in special circumstances that require approval of the Chair of the Economics department. The only exceptions to this rule are that students can elect to take ECON 154 CM - Financial Statement Analysis  instead of FIN 440 CM - Advanced Accounting Analysis  MATH 109 CM - Introduction to Mathematics of Finance  can be taken for MA-level credit (as FIN 309 CM - Introduction to the Mathematics of Finance ) and students can replace up to two of their M.A. electives with ECON126 CM - Microeconometrics , ECON127 CM - Special Topics in Econometrics: Economic and Financial Forecasting  ECON155 CM - Valuation and Reporting of Financial Liabilities and Equity (Intermediate Accounting II) , or MATH 160 CM - Monte Carlo Methods .

Students who want to complete both degrees within four years can accumulate 36 units in any combination of the following ways:

  • Applying up to 2.0 units for participating in programming for summer internships, along with  FIN 300 CM , FIN 301A CM , and FIN 301B CM .
  • Applying up to 4 units of undergraduate credit from eligible work by examination (AP, IB, etc.) or transfer credit.
  • Overloading  with undergraduate courses during regular semesters at the College. Students in good standing in the BA/MA program can overload up to two times if doing so is necessary to reach 36 units (otherwise, overloading requires meeting CMC’s regular conditions for permitting overloads.)

When can students begin taking M.A. courses?

Students admitted to the BA/MA program may begin taking M.A. courses as soon as they have satisfied the appropriate prerequisites. ECON 134 CM - Corporate Finance  is a prerequisite for every FIN course except FIN360 CM - Corporate Governance and Ethics  (which has no prerequisites other than ECON 050 CM  ) and FIN 440 CM - Advanced Accounting Analysis  (or ECON 154 CM - Financial Statement Analysis ). The prerequisite for FIN 440 CM - Advanced Accounting Analysis  is ECON086 CM - Accounting for Decision Making . The prerequisite for  ECON 154 CM - Financial Statement Analysis  is ECON 150 CM , but this prerequisite is waived if the student earned at a grade of at least B+ in ECON086 CM - Accounting for Decision Making .

The Robert Day School recommends that students plan their courses and their senior thesis to avoid taking eight M.A. courses and overloading with a full-unit of senior thesis during one semester of their fourth year, if at all possible.

Are there any other requirements for graduation?

All BA/MA students must complete an internship in finance during the summer between their 3rd and 4th years which has been approved by the Robert Day School. The summer internship may include an academic component. The internship credit may count toward one of the 36 course units required in the combined degree program, but it may not count toward the 20 course unit residency requirement.

What if a student already completed a summer internship for credit previously?

Students must complete an approved internship during the summer between their 3rd and 4th years but it need not be taken for full credit.  For students seeking academic credit for an internship, the maximum number of credits is 1.0 during a student’s time at CMC.

Are there any other GPA requirements for graduation?

The grade point requirements are those that apply for each degree separately. In particular, in the courses that count toward the MA, students must obtain a GPA of at least 8.00 (B- average) and no failing (F) grades. In the 32 units that count toward the B.A., students must satisfy the standard CMC requirements. Students cannot be awarded the M.A. unless they also meet all of the requirements of the B.A.

In addition, admission and remaining in good standing in the BA/MA program normally requires that the student has achieved at least a B average (9.00) in the prerequisite courses taken so far and in each of the B.A. courses that count toward replacing an M.A. course. (This includes ECON 050 CM ,ECON 086 CM , ECON 101 CM , ECON 102 CM , ECON 120 CM , and ECON 134 CM .) Earning more than two grades below B- in these courses, failing any of these courses, or achieving less than a B average will normally be sufficient grounds for removal from the BA/MA program. In addition, unless there are exceptional circumstances, the student must earn at least a B in  ECON 134 CM . Failing to make adequate progress towards completing the prerequisites in a timely manner may also be sufficient grounds for removal from the BA/MA program.

How and when do I apply to the program?

Applications to become a BA/MA Scholar are typically submitted early in the fall semester of sophomore year, with selection completed following the posting of fall grades. A GMAT or GRE score is not necessary. Further details can be found on the Robert Day School and Robert Day Scholars websites or by contacting the Director of the Robert Day Scholars Program.

If I am accepted to the program, how do I register every semester?

You will register for both undergraduate and graduate courses through the CMC student portal system.

What grades will show on my transcript?

Your transcript would reflect both a Bachelor of Arts (B.A.) and a Master of Arts (M.A.) degree. You would receive letter grades for every course that you use towards your undergraduate degree, including those that also count towards the graduate degree. The sole exceptions are the FIN 300 CM , FIN 301A CM , FIN 301B CM , and any internship course, which are graded on a credit/no-credit basis. 

Accelerated Degree Programs with Claremont Graduate University (CGU)

M.A. Program in Economics

CMC students interested in graduate economics training for business, government, or non-profit enterprise are encouraged to consider the accelerated BA/MA program in economics at Claremont Graduate University (CGU). Participants in this program enroll, with the permission of the program advisor and the CGU instructor, in graduate courses as part of their undergraduate education. Program participants may count four (4) CGU graduate economics courses completed while at CMC towards both the CMC Bachelor of Arts degree and the CGU Master of Arts degree. After receiving the CMC degree, students enroll at CGU for two additional semesters and complete another eight graduate courses for the M.A. degree.

Interested students should meet with their CMC advisor and CGU economics faculty member during their junior year to map out a program of study and prepare their application to CGU. Applications and degree requirements information are available from the Claremont Graduate University.

M.B.A. - Robert A. Day 4+1 BA/MBA Program

The Robert A. Day 4+1 BA/MBA Program provides an opportunity for CMC students to earn a Bachelor of Arts degree from CMC and a Master of Business Administration (M.B.A.) degree from the Peter F. Drucker and Masatoshi Ito Graduate School of Management at Claremont Graduate University (CGU) in just five years. The program is a unique alternative to the traditional route to an M.B.A.. Rather than interrupting their careers to pursue an M.B.A. degree, Day 4+1 students begin taking M.B.A. courses during the senior year at CMC. Students then graduate from CMC with their undergraduate classmates before completing the M.B.A. in a fifth year of full-time study at CGU.

In addition to the coursework, Day 4+1 students participate in two intensive summer internships, one after the junior year at CMC and the second in the summer between graduating from CMC and the fifth year of the program. The summer internships are concentrated periods of work experience where students develop professionally while gaining sensitivity to issues involved in the practice of management.

CMC students interested in the program should meet with the Director of Graduate Programs of the Robert Day School of Economics and Finance, Professor Darren Filson, no later than the beginning of their junior year in order to plan their programs of study and sequencing of coursework. Students apply for admission to the 4+1 program by the end of January of the junior year. College transcripts and GMAT scores must be submitted along with the application at this time.

M.A. Program in Political Science

Government majors in good standing and interested in pursuing a Master of Arts degree at Claremont Graduate University may begin work on a master’s degree in political science at the Center for Politics and Economics at The Claremont Graduate University (CGU) during their senior year at CMC. In their last year at CMC, program participants select classes that will count toward both the Bachelor of Arts degree (with a major in government) at CMC and one of the following master’s programs at CGU: public policy (MAP), international studies (MAGIS), or politics (MAP).

Students must seek formal admission to the program at CGU late in their junior year or early in their senior year. Up to three graduate-level courses may be completed in the senior year, preferably two core courses in the chosen field and a relevant elective, and applied toward the graduate degree. In addition, CGU may accept some CMC government courses toward the master’s degree.

Students receive a B.A. from CMC at the end of senior year and a master’s degree from CGU upon completion of 36 graduate units and the master’s research paper, as required for the master’s degree.

M.A. Program in Psychology

CMC and The Claremont Graduate University (CGU) offer psychology and neuroscience majors the opportunity to obtain an accelerated M.A. degree in psychology from CGU one year after receiving the Bachelor of Arts degree from CMC. Under this program, CGU will grant up to 16 units of graduate credit for advanced undergraduate courses taken while the student is an undergraduate at CMC. In addition to the CMC courses, in their senior year program participants must take two graduate courses (eight units) at CGU, including a core course and a four unit course in either statistics or methodology. After entering CGU, program participants must complete at least 32 units (eight courses) for the M.A. degree.

Students must formally apply to and be admitted into the School of Behavioral and Organizational Sciences at CGU. Applicants must be majors or dual majors in psychology or neuroscience, who will complete a one-year empirical research senior thesis in one of those fields during the senior year.

Students interested in the accelerated M.A. program in psychology are encouraged to apply no later than the spring semester of the junior year. The application can be completed online. Students should make sure to note that they are from one of the undergraduate Claremont Colleges and request a fee waiver. The GRE is required. For further information, contact the School of Behavioral and Organizational Sciences at Claremont Graduate University.