Minor and Certificate Programs

Minor

The transcript-recognized undergraduate academic minor must be completed in conjunction with an undergraduate degree at The University of Texas at Austin; students pursuing an integrated undergraduate/graduate program must complete the requirements for the minor within one year after completing the undergraduate requirements of their program. For more information regarding the requirements for achieving a minor, including a comprehensive list of minors, please visit the Minor and Certificate Programs section of the Undergraduate Catalog.

Students admitted to transcript-recognized minors must contact their academic advisers to have approved minors added to their degree audit profiles.  This allows progress toward the credential to be tracked and ensures that minors are added to official transcripts upon graduation, if all requirements are met.

The McCombs School of Business offers minors for different student populations:

  1. Minors for Business Majors – available only to degree-seeking McCombs School of Business students, in six individual business fields of study
  2. The Business Minor – a foundational exposure to the primary business fields of study, available to any degree-seeking student outside of the business school (non-business majors)
  3. Accounting Minor for Business Economics Option Program, and Finance Minor for Business Economics Option Program – available only to degree-seeking Economics majors who have been admitted to the BEOP
  4. Entrepreneurship Minor - available to all undergraduate majors

Minors for Business Majors

While a minor is not required as part of the BBA degree program, a student may choose to complete a minor in conjunction with their degree, in either a second business field or a field outside the school, which offers a minor and for which the student is eligible. A BBA student may complete only one minor, which must be in a different field of study from his or her major.

The business school offers six Minors for Business Majors, which are available only to students enrolled in the McCombs School of Business: Accounting, Finance, Management, Management Information Systems, Marketing, and Supply Chain Management.

To fulfill a Minor for Business Majors, students must complete 15 semester hours of coursework as described below in the requirements of the selected minor. The University requires at least nine hours of the minor to be coursework not used to satisfy requirements of the student’s major.  This means that only B A 324/H and the core business course required for the minor (i.e. ACC 312/H, FIN 357/H, MAN 336/H, MIS 301/H, MKT 337/H, O M 335/H) can satisfy both BBA degree requirements and business minor requirements simultaneously; the remaining nine hours for each business minor cannot be coursework used to satisfy other BBA degree requirements, except free or non-business electives.  At least half of the coursework must be completed in residence at The University of Texas at Austin. All coursework must be taken on the letter-grade basis, and completed in conjunction with the students’ major requirements.

Registration for any of these courses will require that existing prerequisite course requirements are adequately met.

Accounting Minor for Business Majors

The Accounting Minor for Business Majors requirements are:

RequirementsHours
B A 324Business Communication: Oral and Written3
or B A 324H Business Communication: Oral and Written: Honors
ACC 312Fundamentals of Managerial Accounting3
or ACC 312H Fundamentals of Managerial Accounting: Honors
ACC 326Financial Accounting--Intermediate3
Six additional semester hours of upper-division coursework in accounting6
Please Note:
All classes must be taken on the letter-grade basis. The student must earn a combined grade point average of at least 2.00 in these courses.
Finance majors who wish to pursue an Accounting Minor may only do so by selecting the Finance Track with Required Accounting Minor.

Finance Minor for Business Majors

The Finance Minor for Business Majors requirements are:

RequirementsHours
B A 324Business Communication: Oral and Written3
or B A 324H Business Communication: Oral and Written: Honors
FIN 357Business Finance3
or FIN 357H Business Finance: Honors
FIN 367Investment Management3
Six additional semester hours chosen from the following courses:6
One of:
Money and Capital Markets
Banking and Financial Intermediation
One or two of:
Advanced Topics in Finance (any topic)
Valuation
Entrepreneurial Finance
International Finance
Advanced Investment Analysis (Topic 1 Portfolio Analysis and Management)
Advanced Investment Analysis (Topic 4 Financial Analysis)
One of:
Advanced Investment Analysis (Topic 2 Financial Risk Management)
Advanced Investment Analysis (Topic 5 Energy Financial Risk Management)
One topic of:
Topics in Finance (any topic; only three hours of FIN 340S may be used)
One of:
Introduction to Real Estate and Urban Land Development
Real Estate Finance and Syndication
Please Note:
All classes must be taken on the letter-grade basis. The student must earn a combined grade point average of at least 2.00 in these courses.
Independent Research and Practicum courses may not be applied to the Finance minor.
For students pursuing the integrated approach BBA/MPA degree, nine hours for the Finance minor must be taken in addition to the Finance 367 course and the business elective required for the integrated BBA/MPA degree, in order to obtain a Finance Minor.

Management Minor for Business Majors

The Management Minor for Business Majors requirements are:

RequirementsHours
B A 324Business Communication: Oral and Written3
or B A 324H Business Communication: Oral and Written: Honors
MAN 336Organizational Behavior3
or MAN 336H Organizational Behavior: Honors
Nine additional semester hours of upper-division coursework in management9
Please Note:
All classes must be taken on the letter-grade basis. The student must earn a combined grade point average of at least 2.00 in these courses.

Management Information Systems Minor for Business Majors

The Management Information Systems Minor for Business Majors requirements are:

RequirementsHours
B A 324Business Communication: Oral and Written3
or B A 324H Business Communication: Oral and Written: Honors
MIS 301Introduction to Information Technology Management3
or MIS 301H Introduction to Information Technology Management: Honors
One of the following:9
Nine additional semester hours of upper-division coursework in management information systems
or
Introduction to Problem Solving and Programming
And six additional semester hours of upper-division coursework in management information systems
Please Note:
All classes must be taken on the letter-grade basis. The student must earn a combined grade point average of at least 2.00 in these courses.

Marketing Minor for Business Majors

The Marketing Minor for Business Majors requirements are:

RequirementsHours
B A 324Business Communication: Oral and Written3
or B A 324H Business Communication: Oral and Written: Honors
MKT 337Principles of Marketing3
or MKT 337H Principles of Marketing: Honors
Nine additional semester hours of upper-division coursework in marketing9
Please Note:
All classes must be taken on the letter-grade basis. The student must earn a combined grade point average of at least 2.00 in these courses.

Supply Chain Management Minor for Business Majors

The Supply Chain Management Minor for Business Majors requirements are:

RequirementsHours
B A 324Business Communication: Oral and Written3
or B A 324H Business Communication: Oral and Written: Honors
O M 335Operations Management3
or O M 335H Operations Management: Honors
or O M 334M Healthcare Operations Management
Nine additional semester hours of upper-division coursework in operations management9
Please Note:
All classes must be taken on the letter-grade basis. The student must earn a combined grade point average of at least 2.00 in these courses.

Minors for Non-Business Majors

The Business Minor

The Business Minor is designed to provide a foundation in business concepts and practice for students in non-business majors. Any non-business student with a University grade point average of at least 2.00 may take any of the business foundations course listed below, whether pursuing the Business Minor or not. Students who intend to complete the Business Minor must apply online for admission. Students must be admitted to the minor, have it added to their degree profiles, and successfully complete all requirements for it to appear on their transcripts.

To fulfill the Business Minor, students must complete 18 semester hours of coursework as described below. At least half of the coursework must be completed in residence at the University. All coursework must be taken on the letter-grade basis and completed in conjunction with the student's major requirements. It is recommended, but not required, that students also complete a course in economics. While not assumed in the business foundations courses, knowledge of economics can be helpful for understanding business concepts.

Students cannot register for the upper-division Foundations courses below until they have successfully completed 60 semester hours of coursework.

RequirementsHours
Accounting Requirement3 or 6
Foundations of Accounting
or
Fundamentals of Financial Accounting
and Fundamentals of Managerial Accounting 1
Management Information Systems Requirement3
Foundations of Information Technology Management (or equivalent) 2
Finance Requirement3
Foundations of Finance
or
Business Finance 1
Management Requirement3
Foundations of Management and Organizational Behavior 3
or
Organizational Behavior 1
Legal Environment of Business Requirement3
Foundations of Business Law and Ethics 3
or
Business Law and Ethics 1
Marketing Requirement3
Foundations of Marketing 3
or
Principles of Marketing 1
Please Note:
No more than nine of the required 18 hours may be taken on an approved study abroad program. A list of approved programs is available in the University Study Abroad Office.
The student must satisfy the courses used to fulfill minor requirements on the letter-grade basis, except for credit by exam. He or she must earn a combined grade point average of at least 2.00 in these courses.
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1. Available to non-business students only in the summer; restricted to business majors during fall and spring.
2. For a full list of pre-approved equivalents, please see the Business Foundations website.
3. Either I B 320F Foundations of International Business or B A 320F Foundations of Entrepreneurship (one course only, not both), may substitute for one of LEB 320F, MAN 320F, or MKT 320F.

Accounting Minor for Business Economics Option Program

The Accounting Minor for the Business Economics Option Program (BEOP ACC) allows economics majors to take a set of accounting courses and a finance course at the McCombs School of Business for completion of a Minor in Accounting. BEOP ACC students take upper-division accounting and finance courses to explore how accounting systems utilize economic concepts and how accounting systems solve economic problems; to strengthen the quantitative and analytical skills they acquire as economics majors; and to acquire knowledge and skills in business and accounting.

To participate in the BEOP ACC Minor, students must apply to and be accepted into the Accounting Track of the BEOP through the Department of Economics. To be eligible for the Accounting Track of the BEOP, a student must:

  • be a declared economics major;
  • have a cumulative University GPA of at least 3.00;
  • have an economics GPA of at least 3.00 (based on economics coursework taken at The University of Texas at Austin); and
  • have earned a grade of at least C- in Economics 420K.

Students must contact the Department of Economics to apply, and for all questions about the Business Economics Option Program.

To obtain the BEOP ACC Minor, a student must complete 15 semester hours of coursework as described below. At least half of the coursework must be completed in residence at the University. All coursework must be taken on the letter-grade basis. The student must fulfill the requirements for an economics major and apply to graduate with an economics major, in addition to fulfilling the BEOP ACC Minor requirements, in order to receive the BEOP ACC TRM.

Registration for any of these courses will require that existing prerequisite course requirements are adequately met.

RequirementsHours
ACC 311Fundamentals of Financial Accounting3
ACC 312Fundamentals of Managerial Accounting3
FIN 357Business Finance3
Six additional semester hours of upper-division coursework in accounting6
Please Note:
All courses must be taken on the letter-grade basis.

Finance Minor for Business Economics Option Program

The Finance Minor for the Business Economics Option Program (BEOP FIN) allows economics majors to take a set of accounting courses and finance courses at the McCombs School of Business for completion of a Minor in Finance. BEOP FIN students take lower-division accounting and upper-division finance courses to explore the application of economic concepts and models to finance and financial markets; to strengthen the quantitative and analytical skills they acquire as economics majors; and to acquire knowledge and skills in business and finance.

To participate in the BEOP FIN Minor, students must apply to and be accepted into the Finance Track of the BEOP through the Department of Economics. To be eligible for the Finance Track of the BEOP, a student must:

  • be a declared economics major;
  • have a cumulative University GPA of at least 3.00;
  • have an economics GPA of at least 3.00 (based on economics coursework taken at The University of Texas at Austin); and
  • have earned a grade of at least C in Economics 329.

Students must contact the Department of Economics to apply, and for all questions about the Business Economics Option Program.

To obtain the BEOP FIN Minor, a student must complete fifteen semester hours of coursework as described below. At least half of the coursework must be completed in residence at the University. All coursework must be taken on the letter-grade basis. The student must fulfill the requirements for an economics major and apply to graduate with an economics major, in addition to fulfilling the BEOP FIN Minor requirements, in order to receive the BEOP FIN TRM.

Registration for any of these courses will require that existing prerequisite course requirements are adequately met.

RequirementsHours
ACC 311Fundamentals of Financial Accounting3
ACC 312Fundamentals of Managerial Accounting3
FIN 357Business Finance3
FIN 367Investment Management3
Three additional semester hours of upper-division coursework in finance3
Please Note:
All courses must be taken on the letter-grade basis.

Minors for All Majors

Entrepreneurship Minor

The Entrepreneurship Minor aims to equip students with the perspectives, knowledge, and skills necessary to engage in entrepreneurship, broadly defined to include the launch and development of new businesses as well as the growth and renewal of existing enterprises. The broader objectives of the program include equipping students with talents that will propel their success in a knowledge-based, innovation-driven economy, stimulating entrepreneurship and innovation across a broad range of industries and settings, and transforming students’ lives by developing in them a passion for entrepreneurship. 

The Entrepreneurship Minor is designed for undergraduate students interested in starting their own business ventures, creating and managing new ventures or products within existing businesses, or generating and implementing new ideas in any role that they hold during their careers. This minor is also well suited for undergraduate students interested in careers in consulting, new product development, technology commercialization, product management, event management, strategy, and business development. 

Admission to the minor is based on students’ overall academic record, including but not limited to hours and rigor of courses taken in residence, demonstrated interest, and The University of Texas agrade point average.

To fulfill the Entrepreneurship Minor, students must complete 15 semester hours of coursework as described below. At least half of the coursework must be completed in residence at the University. All coursework must be taken on the letter-grade basis, and completed in conjunction with the students’ major requirements.

Registration for any of these courses will require that existing prerequisite course requirements are adequately met.

RequirementsHours
One of the following courses:3
Any three hours of lower- or upper-division economics (ECO)
Introduction to the Human Dimensions of Organizations
Introduction to the Study of Society
MAN 327Innovation and Entrepreneurship3
or MAN 327H Innovation and Entrepreneurship: Honors
MAN 327ENew Venture Mechanics3
One of the following courses:3
Technology Marketing and Advertising
New Media Entrepreneurialism
Entrepreneurial Finance
Undergraduate Seminar in United States History (Topic 12: History of Black Entrepreneurship in the United States)
or
Advanced Topics in Black United States Studies (Topic 2: History of Black Entrepreneurship in the United States)
Media Innovation and Entrepreneurship
Seminar in International Business (Topic 10: Exporting for Entrepreneurs)
Special Topics in Management (Topic 21: The Art and Science of Negotiation)
Lean Startup Essentials
Marketing Seminar (Topic 5: Design Thinking for Business Innovation)
Marketing Seminar (Topic 6: Marketing for Entrepreneurs)
Topics in Professional and Technical Writing for Liberal Arts Majors (Topic 4: Writing for Entrepreneurs)
Topics in Media and Society (Topic 9: Media Industries and Entrepreneurship)
Media Industries and Entrepreneurship
One of the following courses:3
Special Topics in Management (Topic 2: Interdisciplinary Entrepreneurship)
Longhorn Startup
Interdisciplinary Entrepreneurship: Elective
Interdisciplinary Entrepreneurship
Entrepreneurship Practicum
Management Practicum: Social Entrepreneurship I
Social Entrepreneurship II
Social Innovation Practicum
Please Note:
Other courses may be considered for substitution, as approved by the Entrepreneurship Minor Committee.
All classes must be taken on the letter-grade basis. The student must earn a combined grade point average of at least 2.00 in these courses.

Certificate Programs

Certificate programs in the McCombs School are designed to allow undergraduate students to develop an area of expertise in addition to their major program. The required number of hours to earn any certificate may vary but may not be fewer than 18 and may not exceed 24. Undergraduates who complete transcript-recognized certificate requirements in conjunction with their degree requirements or within one year after earning the degree, receive recognition on the University transcript. At least half of the required certificate coursework must be completed in residence at the University. A maximum of nine hours of certificate coursework may be taken after the student has earned the undergraduate degree.

A student may not earn any transcript-recognized certificate in the same field as his or her major, and at least one certificate course must be outside the requirements of the major. However, certificate courses outside the major may be counted toward other degree requirements.

Students admitted to transcript-recognized certificates must contact their academic advisers to have approved certificates added to their degree audit profiles. This allows progress toward the credential to be tracked and ensures that certificates are added to official transcripts upon graduation, if all requirements are met.

To see a full list of certificates offered at the University, please see The University section of the Undergraduate Catalog.

Business & Public Policy Certificate

The Business & Public Policy (BPP) Certificate provides undergraduate students with the opportunity to have an officially recognized concentration in the study of business and public policy. Because firms’ actions are increasingly influenced by the interests and demands of numerous stakeholders, including owners, employees, suppliers, customers, NGOs, communities, and especially government regulators, it is increasingly important that businesses hire employees who can strategically respond to and influence these constituencies. Certificate holders will be well-equipped to understand the political process and its influence on firms and to work for those firms or for consulting firms that are increasingly important in this area. This certificate is also well-suited for undergraduates with an interest in careers in law, in governmental and public service, and/or in nonprofit organizations.

The Business & Public Policy Certificate Program requires 18 semester hours of coursework as described below. Students who have completed 24 hours in residence with upper-division standing may formally apply to the certificate program. Admission to the program is based on students’ overall academic record. To gain admission the following semester, students must apply by March 10 for fall and by October 10 for spring.

At least half of the required certificate coursework must be completed in residence at The University of Texas at Austin. Students must contact the BPP certificate office to request the BPP certificate the semester they will complete the program; by November 1 for fall, by April 1 for spring, or by August 1 for summer. Students have up to one year after graduation to complete the certificate program for transcript purposes. A maximum of nine hours of certificate coursework may be taken after the student has earned the undergraduate degree.

The certificate requirements are:

RequirementsHours
GOV 312LIssues and Policies in American Government3
Three or four of the following courses: 19-12
Corporate Political Strategy
Strategic Corporate Social Responsibility
Strategic Corporate Communication
Global Political Economy
One or two of the following: 13-6
Advertising and Public Relations Law and Ethics
Introduction to American Studies
Introductory Seminar in American Studies
Studies in American Societies (Topic 5: Asian American Jurisprudence)
Topics in Business, Government, and Society (Topic 2: Ethics, CSR, and Service Learning)
Political Communication
Public Economics
Introduction to Econometrics
Development Economics
Urban Economics
International Trade and Investment
International Trade
Foundations of International Business
Topics in European Economics, Government, Business, and Policy
For EUS 348, only Topic 2 International Trade is accepted
Current Issues in Business Economics
Money and Capital Markets
Advanced Topics in Finance (Topic 1: Environmental, Social & Governance Investing )
Political Parties
The Theoretical Foundations of Modern Politics
Topics in Public Law (Topic 7: Constitutional Structures of Power)
Introduction to Public Policy
Topics in International Relations (Topic 13: Global Governance)
Topics in Comparative Politics (Topic 17: Issues in Third World Development)
Topics in American Government and Politics (Topic 21: Politics of Food in America)
Topics in American Government and Politics (Topic 7: The United States Congress)
Honors Seminar
Undergraduate Seminar in History (Topic 49: History of Imperialism)
Media Law
Business Law and Ethics
Foundations of Business Law and Ethics
Real Estate Law
Topics in the Legal Environment of Business (Topic 1: Antitrust Law)
Topics in the Legal Environment of Business (Topic 2: Environmental Law)
Topics in the Legal Environment of Business (Topic 3: Employer-Employee Relations)
Topics in the Legal Environment of Business (Topic 5: The Law and the Multinational Corporation)
Topics in the Legal Environment of Business (Topic 14: Oil and Gas Law)
Business, Ethics, and Public Policy
Fundamentals of Public Relations
Writing for Public Relations
Strategies in Public Relations
Integrated Communications Management
Advanced Studies in Public Relations (Topic 5: Integrated Communications for Nonprofit Organizations)
Please Note:
Other courses may be considered for substitution, as approved by the Business & Public Policy Certificate Committee.
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1. If you have taken Government 312L and only nine hours from: Business, Government, and Society 371, 372, 373, and 374, then choose two courses from the list of electives to satisfy the 18-hour requirement. If you have taken Government 312L and 12 hours from: Business, Government, and Society 371, 372, 373 and 374, then you need take only one course from the list of electives to satisfy the 18-hour requirement.

Other Certificate Requirements:

The student must satisfy the courses used to fulfill certificate requirements on the letter-grade basis. He or she must earn a combined grade point average of at least 2.00 in these courses.

Business of Healthcare Certificate

Healthcare in the U.S. accounts for 17% of the nation’s gross domestic product (more than manufacturing). It is also one of the fastest growing sources of employment; over 12 million Americans work in the industry. The Business of Healthcare Certificate provides students interested in a clinical, academic, or business career in this industry an overview and opportunity to understand the complexities of the US healthcare system as well as the goals and barriers for reform.

The Business of Healthcare Certificate is designed for two groups of students: business majors and non-business majors. Business majors from the McCombs school will be students who plan to pursue an entry-level job in supply chain, marketing, management information systems, or other business function in healthcare industry companies in the areas of pharmaceutics, medical devices, and healthcare informatics. Non-business majors from other schools will be students in a healthcare-related major, including pre-med, pharmacy, nursing, public health and so on, who want to understand the business aspects of the industry that they will enter upon graduation.

The Business of Healthcare Certificate requires 18 semester hours of coursework as described below.  Admission to the program is based on students’ overall academic record, including but not limited to hours and rigor of courses taken in residence, demonstrated interest, and The University of Texas at Austin grade point average. To gain admission the following semester, students must apply by March 1 for fall and by October 1 for spring.

At least half of the required certificate coursework must be completed in residence at the University. Students must contact the certificate office to request the certificate the semester they will complete the program; by November 1 for fall, by April 1 for spring, or by August 1 for summer. Students have up to one year after graduation to complete the certificate program for transcript purposes. A maximum of nine hours of certificate coursework may be taken after the student has earned the undergraduate degree.

The certificate requirements are:

RequirementsHours
One of the following courses:3
Global Health
Introduction to Health and Society
Introduction to Health and Society
Introduction to Public Health (non-public healthcare majors section)
ACC 310FFoundations of Accounting (for non-business students)3
or ACC 311 Fundamentals of Financial Accounting
or ACC 311H Fundamentals of Financial Accounting: Honors
O M 334MHealthcare Operations Management 1, 23
LEB 334MHealthcare Law and Policy3
MAN 334MHealthcare System Management3
One of the following courses:3
Topics in Economics (Topic 1: Economics of Health)
Health Economics
Evaluation and Research Design
Management Practicum: Social Entrepreneurship I
Social Entrepreneurship II
Please Note:
Other courses may be considered for substitution, as approved by the Business of Healthcare Certificate Committee.
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1. This class satisfies the O M 335 degree requirement for business students.
2. Business Honors Program students must take O M 335H , which will satisfy the O M 334M requirement for this certificate.

Other Certificate Requirements:

The student must satisfy the courses used to fulfill certificate requirements on the letter-grade basis. He or she must earn a combined grade point average of at least 2.00 in these courses.

Energy Management Certificate

The certificate in Energy Management is designed to develop decision makers, leaders, and policy builders who have the technical expertise and business acumen to participate in the interdisciplinary teams that will be required to address our energy future. 

The Energy Management Certificate requires 18 semester hours of coursework as described below. All students must have completed at least one semester at the University before they may be admitted to the certificate program. Freshmen who wish to participate in the program their first summer must wait until the spring for an admission decision. Admission to the program is based on students' overall academic records. Applications are accepted during the fall and spring for the following summer.  Please check the Energy Management website for application dates for full consideration.

At least half of the required certificate coursework must be completed in residence at The University of Texas at Austin. Students must complete the Energy Management transcript certificate request online to have the EM certificate added to their transcript. This must be done the semester both of these requirements have been met: 1) he or she holds or will hold a degree; and 2) all courses in the program have been successfully completed with a C- or higher. The request must be received by November 1 for fall, April 1 for spring, or August 1 for summer.  Students have up to one year after graduation to complete the certificate program for transcript purposes. A maximum of nine hours of certificate coursework may be taken after the student has earned the undergraduate degree, however admitted students may complete all program coursework even if transcript-recognition is not obtained. Students who do not meet transcript-certificate-recognition requirements may still list the program on their resume if they successfully complete all EM certificate courses.

The certificate requirements are:

RequirementsHours
One of the following courses:3 or 4
Introduction to Geology
Physical Geology
Honors Introductory Geology
BGS 370Topics in Business, Government, and Society (Topic 10: Non-Technical Exploration and Production)3
GEO 316PSedimentary Rocks (for nongeology students)3 or 4
or GEO 416M Sedimentary Rocks
LEB 370Topics in the Legal Environment of Business (Topic 13: Contracts and Real Property)3
LEB 370Topics in the Legal Environment of Business (Topic 14: Oil and Gas Law)3
BGS 370Topics in Business, Government, and Society (Topic 1: Energy Technology and Policy)3

Other Certificate Requirements:

The student must satisfy the courses used to fulfill certificate requirements on the letter-grade basis. He or she must earn a grade of at least C- in these courses.

Global Management Certificate

The Certificate in Global Management offers an officially recognized concentration in the study of international management. In today’s workplace, managers lead global teams, interface with international suppliers and customers, and collaborate with international partners. It is vital for firms and organizations to have access to employees who understand global political and economic dynamics, who are able to recognize and adapt to the cultural orientations of multiple constituencies, and who can operate effectively in countries around the world. 

The Global Management Certificate requires 18 semester hours of coursework, and six hours of international experience, as described below. Admission to the program is based on students’ overall academic record. To gain admission the following semester, students must apply by March 1 for fall and by October 1 for spring.

At least half of the required certificate coursework must be completed in residence at The University of Texas at Austin. Students must contact the Center for Global Business to request the certificate the semester they will complete the program; by November 1 for fall, by April 1 for spring, or by August 1 for summer. Students have up to one year after graduation to complete the certificate program for transcript purposes. A maximum of nine hours of certificate coursework may be taken after the student has earned the undergraduate degree.

The certificate requirements are:

RequirementsHours
IRG 320FFoundations of International Relations and Global Studies3
MAN 336Organizational Behavior3
or MAN 320F Foundations of Management and Organizational Behavior
MAN 137CIntroduction to Management in a Global Environment1
MAN 237DGlobal Management Capstone2
Elective Courses
Three hours of upper division coursework selected from any of the following:3
a. Asian studies
b. European studies
c. French civilization
d. German, Scandinavian, and Dutch studies
e. Italian civilization
f. Latin American studies
g. Middle Eastern studies
h. Portuguese civilization
i. Russian, East European and Eurasian studies
j. African and African Diaspora studies, selected from these courses only:
Topics in African and African Diasporic Cultures and Languages (Topic 10: Afro-Latin America)
Topics in African and African Diasporic Cultures and Languages (Topic 33: Sex and Power in the African Diaspora)
Topics in African and African Diasporic Cultures and Languages (Topic 34: Jesus, Africa, and History)
Independent Research
Advanced Topics in African Studies (Topic 4: History of Southern Africa)
Advanced Topics in African Studies (Topic 6: Apartheid: South African History)
Advanced Topics in the African Diaspora (Topic 2: The Politics of Race and Violence in Brazil)
Advanced Topics in the African Diaspora (Topic 4: Reimagining Cuba, 1868-Present)
Advanced Topics in Black Expressive Culture (Topic 12: Visual Arts of the Caribbean)
Advanced Topics in Black Expressive Culture (Topic 13: Diaspora Visions)
Advanced Topics in Black Expressive Culture (Topic 22: Music of Mexico and the Caribbean)
Honors Tutorial Course (Part A)
Three hours of economics coursework3
Three hours upper-division coursework in international business, trade, and investment selected from the following:3
International Trade
Foundations of International Business
International Commerce Analysis
Topics in European Economics, Government, Business, and Policy (Topic 2: International Trade)
International Trade and Investment

Other Certificate Requirements:

Six hours of “international experience” credit earned on an approved study abroad program and/or pre-approved international internships. Any of the courses above completed abroad can satisfy requirements for both coursework and the international experience.

The student must satisfy the courses used to fulfill certificate requirements on the letter-grade basis. He or she must earn a combined grade point average of at least 2.00 in these courses.

Real Estate Certificate

The Real Estate Certificate program offers degree-seeking undergraduate students from any major the opportunity to explore the commercial real estate industry, learn the basics of real estate financial analysis, and supplement their primary degree with an officially recognized certificate in real estate.

The Real Estate Certificate program requires 18 semester hours of coursework as described below; students must also complete the following prerequisite courses: Accounting 310F (for non-business students) or Accounting 311 (for business students), and Finance 357 (for all students). 

In addition, nonbusiness students are strongly urged to complete Economics 301, or 304K and 304L, and a course in introductory statistics.

Upon obtaining credit for Accounting 310F or 311, a student with upper-division standing may apply for conditional admission to the certificate program by the application deadline. Admission to the program is based on students’ overall academic record, including, but not limited to, hours and number of courses taken in residence, demonstrated interest in real estate, and overall The University of Texas at Austin grade point average. The courses necessary to complete the Real Estate Certificate may have additional prerequisites, and admission to the program and instructor approval are required as conditions of enrollment in some courses. At least half the required certificate coursework must be completed in residence at The University of Texas at Austin.

The certificate requirements are:

RequirementsHours
R E 358Introduction to Real Estate and Urban Land Development3
R E 376GReal Estate Investment3
Elective Courses
Four of the following: 112 or 13
McCombs School of Business courses:
Special Topics in Real Estate (Topic 1: Taxation of Real Estate Investments) 2
or
Contemporary Accounting Topics (Topic 5: Taxation of Real Estate Investments (for accounting majors and minors only) 2
or
Financial Accounting--Intermediate (for business majors only) 2
Advanced Investment Analysis (Topic 3: Security Analysis (acceptance to the Real Estate Fund program required)
Real Estate Law
Real Estate Finance and Syndication
Courses from other schools:
Architecture and Society (may fulfill the global cultures flag)
World Architecture: Origins to 1750 (may fulfill the global cultures and writing flags)
World Architecture: The Industrial Revolution to the Present (may fulfill the global cultures and writing flags)
Urban Design History, Theory, and Criticism
Alternative Real Estate Action
American Dream: Status Quo and Alternatives
Topics in Architectural Theory (Topic 3: City as Form and Idea)
Topics in Architectural Theory (Topic 11: Global Housing Challenge)
Topics in Architectural Theory (Topic 13: Managing the Design Project)
Topics in Architectural Theory (Topic 19: Urban Land Institute Workshop)
History and Theories of Landscape Architecture I
History and Theories of Landscape Architecture II
Topics in Design Theory (pre-approved topics only)
Project Management and Economics
Cost Estimating in Building Construction
Contracts, Liability, and Ethics (may fulfill the ethics flag)
Building Information Modeling for Capital Projects
Principles of Physical Planning (may fulfill the writing flag)
Urban Economics
Regional Economics
Spatial Data and Analysis
The Modern American City
Topics in Geography (Topic 1: The Culture of Cities (may fulfill the cultural diversity in the United States flag)
Environmental Geographic Information Systems
Introduction to Urban Studies (for urban studies majors only (may fulfill the cultural diversity in the United States flag)
Introduction to Urban Studies
Topics in Urban Society and Culture (Topic 7: Vienna: Memory and the City)
Please Note:
Other courses may be considered for approval if the topic is deemed appropriate by the Real Estate Certificate program office.
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1. At least six hours from outside of the McCombs School; for students who complete the Real Estate Fund program at least three hours from outside of the McCombs School.
2. Only one may be counted from: R E 360 (Topic 1: Taxation of Real Estate Investments), or ACC 378 (Topic 5: Taxation of Real Estate Investments) (for accounting majors and minors only), or ACC 326 Intermediate Accounting (for business majors only)

Other Certificate Requirements

The student must satisfy the courses used to fulfill certificate prerequisites and requirements on the letter-grade basis. He or she must earn a combined grade point average of at least 2.00 in these courses.

Ethics Education Component in the Real Estate Certificate Program

The goals of the ethics education component are to ensure Real Estate Certificate students understand the importance of business ethics and expose them to best practices in ethical decision making. The University requires that all undergraduate students take at least one course with a substantial ethics component (an “ethics flag”). Our intent is to take this further and expose students to ethical issues within a business and/or real estate context. Students will fulfill the Real Estate Certificate program's ethics education component upon completion of Real Estate 358, Introduction to Real Estate and Urban Land Development, which contains a significant ethics component (delivered via lecture, discussion, and/or case analysis).

Additionally, Real Estate Certificate students have the opportunity to take their ethics education further, through a variety of methods:

     1.  Video Delivery

The McCombs School of Business has produced an award-winning video series entitled, “Ethics Unwrapped,” (http://ethicsunwrapped.utexas.edu/). Each five- to seven-minute video in the series is accompanied by a written transcript, discussion questions, and an extensive reading list. Students may view this selection of videos and then answer related discussion questions.

     2.  Classroom Delivery

Students may complete Legal Environment of Business 363, Real Estate Law. This course contains a significant ethics component, which is delivered via a variety of methods (e.g., lecture, discussion, and case analysis).

     3.  Panel Discussion or Speaker Series

Students may attend a panel discussion or speaker series with industry professionals who discuss their personal/professional exposure to ethical dilemmas and ethical best practices within the real estate industry.

     4.  Other

Students may do further research on a topic of interest within the field of ethics by completing a faculty-supervised ethics project or paper, which has been pre-approved by the program administration.

Final Transcript Certification

Students must request transcript certification by emailing the program administration at the time of application for graduation or upon completion of the program requirements, whichever is later. Students have up to one year after graduation to complete the certificate program for transcript purposes. A maximum of nine hours of certificate coursework may be taken after the student has earned the undergraduate degree.

Risk Management Certificate

The business world is increasingly faced with risks from cyber-risk to health care fraud to terrorism, identity theft and financial risks from longevity of life. These risks all have financial consequences that are recurring or crisis.  The management of risk is increasingly important in the USA and worldwide. For-Profit and Not-for-Profit enterprises (from charities to government) find themselves confronting risks and the resulting financial consequences daily. Business managers from all areas of expertise need to be prepared to prevent and address risks in order to survive—the ultimate goal of most all enterprises.

The Risk Management Certificate (RMC) provides a student with a tool kit for contemplating, identifying, prioritizing, and formulating approaches to manage varying types of risks inevitably faced. The RM Certificate allows for six hours of free electives (inside or outside of McCombs) as there are many types of risk a particular student might be faced with (e.g., financial crisis risk, natural disasters (from hurricanes, tsunami to volcanoes and fires), cyber risk (from identify theft, fraud, mobile commerce risks to phishing and hacking, etc.), risk of political and other crises disrupting supply chains, terrorism and the reality that all enterprises operate in an increasingly vulnerable and connected infrastructure.  Indeed, as an example, over 90% of the Fortune 500 companies have created an insurance company subsidiary designed to help them manage their risks internally (a captive insurer). This allows for both some degree of managerial control and risk transfer to protect the firm. Companies need increasing active risk management expertise to survive.

Who Should Consider The Risk Management Certificate (RMC)?

The Risk Management Certificate is designed for both business and non-business majors who expect to be in a management position, including entrepreneurs. Examples include all Business majors who plan to pursue an entry-level job in supply chain, finance, manufacturing, insurance, management information systems, marketing or other business functions. Non-business majors can be students in liberal arts, economics, actuarial science, petroleum engineering, retailing, communications, health care or students from any other discipline who want to understand the impact of risk and the management of risk for their future employer. 

Risk Management Certificate Application and Coursework Requirements

The Risk Management Certificate Program is both structured and flexible to allow the student to pursue interests in discipline-specific risks as well as general risks that any enterprise might face. Admission to the program requires upper-division standing and a 2.5 GPA, and is based on students’ overall academic record. Students must apply to receive the RM Certificate at least one full semester prior to anticipated graduation.

Registration in courses does not require admission to the Risk Management Certificate Program. 

At least half of the required certificate coursework (nine hours) must be completed in residence at The University of Texas at Austin. Students must contact the certificate office to request the certificate the semester before they will complete the program; by April 1 for fall, by November 1 for spring or summer. This timing facilitates the student’s ability to have a semester prior to graduation to complete necessary coursework. Students have up to one year after graduation to complete the certificate program for transcript purposes, and must have applied as per dates above. A maximum of nine hours of certificate coursework may be taken after the student has earned the undergraduate degree.

In order to receive the Risk Management Certificate students must comply with University Rules and Regulations and RMC Program requirements regarding satisfactorily completed coursework and degree completion. 

Required Coursework for the RMC

The RMC requires 18 semester hours of coursework as described below. Twelve hours are business coursework: six hours of risk management, three hours of accounting and three hours of finance. An additional six elective hours relevant to risk management are selected by the student, with a maximum of three hours allowed from the McCombs School of Business.

RequirementsHours
Risk Management Requirement 13
Introduction to Risk Management
or
Topics in Urban Economics (Topic 6: Introduction to Risk Management)
Risk Management Requirement 23
Property-Liability Risk Management and Planning 1
Managing Employee Risks and Benefits
Accounting Requirement3
One of the following:
Foundations of Accounting (for non-business students)
Fundamentals of Financial Accounting (for business students)
Fundamentals of Financial Accounting: Honors (for BHP majors)
Finance Requirement3
One of the following:
Foundations of Finance (for non-business students)
Business Finance (for business students)
Business Finance: Honors (for BHP majors)
Elective Courses
Two of the following courses: (Please note that no more than one can be a course offered by the McCombs School of Business) 26
Property-Liability Risk Management and Planning 3
Managing Employee Risks and Benefits
Theory of Interest
Theory of Interest
Any three hours lower- or upper-division Actuarial Foundations (ACF)
Conflict Resolution 4
Practicum in Conflict Mediation 4
Any three hours lower- or upper-division Economics (ECO)
Advanced Investment Analysis (Topic 2: Financial Risk Management)
Any three hours upper-division Legal Environment of Business (LEB)
Introduction to Financial Mathematics for Actuaries
Probability Models with Actuarial Applications
Actuarial Contingent Payments I
Actuarial Contingent Payments II
Financial Mathematics for Actuarial Applications
Actuarial Statistical Estimates
Marketing Seminar (Topic 27: Reputational Risk and Crisis Management)
Please Note:
Other courses may be considered for substitution, as approved by the Risk Management Certificate Program. Courses dealing with conflict resolution, health management, health infrastructure, public policy, governmental regulation, risk management, or security are likely candidates.
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1. Risk Management 377 and Risk Management 369K are offered in alternating Fall semesters
2. Risk Management Certificate students must be able to enroll in an elective through their majors and have the required prerequisites - the RMC Program cannot grant or request exceptions to restricted courses, or to prerequisites for elective courses.
3. Whichever was not used to fulfill the certificate requirement above
4. Can be taken second summer only as open enrollment is only available then – web-based course
5. If student can access via open enrollment as majors have preference

Other Certificate Requirements:

The student must satisfy the courses used to fulfill certificate requirements on the letter-grade basis. He or she must earn a combined grade point average of at least 2.00 in these courses.

Please contact the RMC program or Dr. Patrick L. Brockett, Director of the Risk Management Certificate Program, for additional questions and further information.