Advanced Placement Credit

Questrom School of Business Policy

Undergraduate

Questrom School of Business students may receive advanced placement credit by achieving a qualifying score on the appropriate advanced placement subject matter examination administered by the College Entrance Examination Board (CEEB) or by the American College Testing (ACT) Program, and other approved advanced credit examinations. More information can be found on the BU Admissions website. Depending on the score achieved on an advanced placement subject matter test, a student may receive academic credit. Questrom does not give credit for College-Level Examination Program (CLEP) exams.

Graduate

Candidates applying to the Professional Evening MBA (PEMBA) program at the Questrom School of Business may request to be considered for Advanced Standing Course Waivers of required core classes based on: (1) previous completion of undergraduate or graduate coursework, as outlined below, or (2) demonstration of competency. In order to be considered for Advanced Standing, applicants must complete the course waiver section when completing their PEMBA application, and those who are approved will be notified prior to the start of the program.

If the candidate chooses to accept Advanced Standing, they will have the approved class waived, receive a notation on their transcript of receiving a waiver, and therefore reduce the overall credits required for graduation. Executive Skills and Career Management courses may not receive advanced standing waivers. Students pursuing the accelerated core track are not eligible for core course waivers.

Waiver by Undergraduate Coursework

Students may waive a core PEMBA course if they completed a minimum of two courses with an average GPA of 3.0 or greater in the core course area from an educational institution holding US Regional or AACSB Accreditation. Students may receive advanced standing for up to four core PEMBA courses.

Exceptions to the above policy are for candidates waiving QM 717 Data Analysis for Managerial Decision Making or AC 711 Financial Reporting and Control.

• QM 717 Data Analysis for Managerial Decision Making
  • Students may waive QM 717 Data Analysis for Managerial Decision Making if they completed a minimum of two statistics courses with an average GPA of 3.0 or greater from an educational institution holding US Regional or AACSB Accreditation.
  • Students may be eligible to waive QM 717 Data Analysis for Managerial Decision Making with only one undergraduate- or graduate-level statistics class; however, in order to do so, the course must have covered multiple regression, a grade of B or better must have been earned, and the student must have majored in engineering or math (undergraduate only).
• AC 711 Financial Reporting and Control
  • Students may waive AC 711 Financial Reporting and Control if they have passed Intermediate Accounting 1 (or equivalent) with at least a B+ from an educational institution holding US Regional or AACSB Accreditation.

Waiver by Competency for Select Courses

• AC 711 Financial Reporting and Control
  • Students may waive AC 711 if they are a Certified Public Accountant or Chartered Accountant: With evidence of having passed the CPA exam or a copy of a CPA or CA license, students may waive out of AC 711 Financial Reporting and Control. For more information on this process, please contact us at mba@bu.edu.
• FE 722 Financial Management
  • Students may waive FE 722 with a Chartered Financial Analyst® designation: With evidence of a CFA® charter or having passed three levels of the CFA exams, students may waive out of FE 722 Financial Management. For more information on this process, please contact us at mba@bu.edu.