School of Management Policy
The School of Management Undergraduate Academic Standards Committee reviews the progress of all SMG students after each semester. Those students currently in good academic standing who fall into one of the following categories are placed on probation for the following semester:
- All students whose cumulative GPA is below a 2.0.
- All students whose semester grade point index (GPI) is below a 2.0.
- All students who complete fewer than three 4-credit academic courses without prior approval of part-time status.
Students on probation are reviewed at the end of their first probationary semester. If they run afoul of one or more of the three categories stated above, they are placed on probation for a second semester.
Students are reviewed again at the end of their second probationary semester. If they run afoul of one or more of the three categories stated above, they are permanently dismissed from Boston University with immediate effect.
Please note that, for the purposes of satisfactory academic progress, a completed course is one in which a student receives a grade of D or higher. Although Boston University Summer Term is not considered a probationary semester, coursework taken during the summer will be considered in determining probation and permanent dismissal. Coursework may be taken during the summer intervening a spring-to-fall probationary semester sequence, or the summer immediately following a fall-to-spring probationary semester sequence.
Students who begin as freshmen in the School of Management, or enter as external transfers, must earn a grade of no less than B– in both SMG SM 131 Business, Society & Ethics and SMG FE 101 Introduction to Finance. Students earning less than a B– who wish to remain in the School of Management have one opportunity to retake the course(s), and must retake the course(s) in one of the following two semesters (including summer semester) and earn at least a B–. Students earning less than a B– in either SM 131 or FE 101 are required to transfer out of the School of Management after their sophomore year or, in the case of external transfers, in the year after they entered the School of Management. Such students may only take courses counted toward the Business Administration minor during the spring of their sophomore year while they prepare to transfer.
Please note that, for the purposes of this policy, taking a “W” (withdrawal) grade in SM 131 or FE 101 is considered a grade of less than B–.
Academic Performance Review for MBA, MS•MBA, and Dual Degree Students
The Graduate Programs Office (GPO) monitors students’ academic performance at the end of modules, Fall, Spring, and Summer Semesters up until the time of graduation. An MBA, MS•MBA, or dual degree student must maintain a cumulative GSM grade point average (CGPA) of at least 2.70 (on a 4.0 scale) to be in good academic standing (i.e., to graduate). MS•MBA students must maintain a cumulative grade point average of at least 2.7 in each of the MBA and MSIS degree programs to be in good academic standing. Coursework taken outside Boston University School of Management is not calculated into the student’s CGPA.
The MBA Program Development Committee (PDC) has final responsibility for decisions regarding MBA, MS•MBA, and dual degree students with poor academic standing. The PDC determines whether students with poor performance will be withdrawn or permitted to stay in the MBA or MS•MBA and dual degree program and, if so, what specific steps must be taken to regain good academic standing.
All MBA, MS•MBA, and dual degree students who are not in good academic standing (i.e., with CGPAs below 2.70) after 8 credits attempted will be referred to the PDC for review. Students will be informed of their academic position via their BU email address prior to the start of the subsequent semester or module. All students in poor academic standing must meet with their GPO advisor (in person or by telephone) within 48 hours of receipt of this communication to discuss the situation. If a Student Statement (described below) is submitted, this is due within 72 hours of the performance notification. It is the student’s responsibility to be aware of the tight window between notice and action and plan accordingly.
Based on the student’s GSM CGPA there are two categories of poor academic performance:
- MBA, MS•MBA, and dual degree students with a GSM CGPA less than 2.70 but equal to or greater than 2.55 after 8 credits attempted will be placed on academic probation. The PDC will take one of the following probationary actions: (1) written warning, (2) written warning with requirements, or (3) required suspension for one or two semesters. The PDC determines the terms of the probation. The student will have the opportunity to provide a written statement concerning their academic performance to inform the PDC’s probation plan (See Student Statement, below). To remain in the program, students must make progress as outlined in the probation plan.
- MBA, MS•MBA, and dual degree students with a GSM CGPA less than 2.55 after 8 credits attempted will be informed that they have been flagged for withdrawal from the program. All withdrawal cases come to the PDC for a final review. As input into the PDC decision regarding permanent academic withdrawal, the student has the opportunity to provide a written statement explaining their academic performance (See Student Statement, below). A PDC decision for permanent academic withdrawal is final and no appeals to the PDC beyond the Student Statement are allowed.
After all program credits are completed, all MBA, MS•MBA, and dual degree students must achieve a 2.70 or higher CGPA in each of their degrees in order to graduate. Students are not permitted to take additional credits beyond the semester in which they have completed their degree requirements in order to improve their CGPA or restart enrollment, nor can they withdraw and re-enroll.
Please be aware that your CGPA can also affect your eligibility for continuing financial aid including scholarships and loans. Students must maintain satisfactory academic progress (at least 2.70 CGPA) in order to be eligible for continued Federal Stafford Loan and private educational loan funding.
The Student Statement is voluntary though it is strongly encouraged as it offers the sole opportunity for student input into PDC decisions. The statement is self-reflective and provides the student’s explanation for their poor academic performance. The statement is due within 72 hours of notice of poor performance by the GPO. The statement is the student’s individual work product and must be prepared accordingly.
Academic Performance Review for MS in Mathematical Finance Students
The Mathematical Finance Programs office monitors students’ academic performance at the end of the Fall and Spring Semesters. A student must maintain a cumulative grade point average (CGPA) of at least 2.70 (on a 4.0 scale) to be in good academic standing (i.e., to graduate). Coursework taken outside the Boston University School of Management that does not count toward the MS in Mathematical Finance will not be calculated into the student’s CGPA.
The Mathematical Finance Faculty Program Development Committee (PDC) has final responsibility for decisions regarding students with poor academic performance. The committee determines whether students will be permitted to stay in the program, and if so, what specific steps must be taken to regain good academic standing. Students with a CGPA below 2.70 after the fall and spring terms will be referred to the PDC for review.
After 16 credits attempted, Mathematical Finance students with a CGPA less than 2.30 will be withdrawn from the program. Students with a CGPA between 2.3 and 2.69 after 16 credits may be dropped from the program or receive a written warning with recommendations for improvement.
After 32 credits attempted, students with a CGPA less than 2.30 will be automatically withdrawn from the program. Mathematical Finance students are not permitted to take additional credits, beyond the semester in which they have completed their degree requirements, to improve their CGPA.
Please be aware that your CGPA can also affect your eligibility for continuing financial aid including scholarships and loans. Students must maintain satisfactory academic progress (at least a 2.70 CGPA) in order to be eligible for continued Federal Stafford Loan funding.
PhD Performance Review–Management and Mathematical Finance
The Doctoral Program Committee will review the progress of each doctoral candidate. Students must maintain a 3.30 cumulative grade point average in all courses to remain in good academic standing. Students who are not in good academic standing will be allowed one semester to correct their status. Prior to the start of the semester, the student must submit a letter to the PhD department liaison (who will forward it to the PDC) explaining why he/she has fallen short of the CGPA requirement and how he/she plans to correct the situation. Failure to increase the CGPA to acceptable levels may result in probation or withdrawal from the program, at the discretion of the PhD Doctoral Program Development Committee.