UTexas

Minor and Certificate Programs

This is an archived copy of the 2023-24 catalog. To access the most recent version of the catalog, please visit http://catalog.utexas.edu/.

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Minors

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 all minors offered on The University of Texas at Austin campus, please visit the Minor and Certificate Programs section of the Undergraduate Catalog.

Students admitted to transcript-recognized minors must contact their academic advisors 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 undergraduate student populations:

  1. Minors for Business Majors – discipline-specific minors available only to degree-seeking McCombs School of Business students, in six individual business fields of study, and two innovative, demand-driven areas
  2. The comprehensive Business Minor – restricted to degree-seeking non-business students, a multidisciplinary exposure to the primary fields of study in business
  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. Specialized Business Minors - available to all undergraduate students

Minors for Business Majors

While a minor is not required as part of the BBA degree program, a degree-seeking BBA student may choose to complete one minor in conjunction with the degree, which must be in a different field of study from the student's major. A student who wishes to pursue more than one transcript-recognized minor per degree is required to consult with their academic advisor and obtain permission from the School. 

The business school offers several minors that are available only to students enrolled in the McCombs School of Business.  Six of these are offered in academic disciplines in which undergraduate majors are also available: Accounting, Finance, Management, Management Information Systems, Marketing, and Supply Chain Management.  In addition, all degree-seeking students in the McCombs School of Business may pursue a minor in Business Analytics, while students majoring in Accounting or Finance may acquire a minor in Wealth Management.

To fulfill a minor for business majors, students must complete 15 to 18 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 Business Administration 324/324H or Communication 324M/324H and the business/specific major course(s) required for the minor (i.e. Accounting 312/312H, Finance 357/357H, Management 336/336H, Management Information Systems 301/ 301H, Marketing 337/337H, Operations Management 235/235H; Management 101H/101S/101T; Statistics 235/235H, Decision Science 235/235H, Management Information Systems 304; Accounting 364, 378 (Topic 3: Financial Planning for Wealth Management), Finance 367) 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 at the time of graduation.

Students admitted to a business minor must contact their BBA academic advisor to have the approved minor added to their degree profile, otherwise they cannot receive transcript recognition upon completion of the requirements.

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

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
or COM 324M Introduction to Business Communication
or COM 324H Introduction to Business Communication: 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.

Business Analytics Minor

The Business Analytics Minor will provide BBA students with skills in collecting, cleaning, and analyzing data as well as modeling and optimizing data-driven decisions in practical business contexts.  Students will acquire fundamental skills in programming, statistics, machine learning, and decision science and be able to apply these to predict, model, and optimize.  As business analytics has become increasingly important in all fields, this minor will be a valuable complement to any McCombs major. 

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 at Austin grade point average, particularly in statistics and decision science courses.  To apply for the minor students must:

Students may apply to the minor in the spring of either their Sophomore or Junior year.  No more than 40 students will be admitted per year and there will be no more than 120 in the minor at any time. Admissions decisions will be based upon GPA in statistics and decision science courses and cumulative University GPA. 

To fulfill the Business Analytics Minor, students must complete 16 semester hours of coursework as described below. Students admitted to the Business Analytics Minor must contact their BBA academic advisor to have the approved minor added to their degree profile, otherwise they cannot receive transcript recognition upon completion of the requirements. 

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 at the time of graduation.  The University requires at least nine hours of the minor to be coursework not used to satisfy requirements of the student’s major.

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

The Business Analytics Minor requirements are:

RequirementsHours
STA 235Data Science for Business Applications2
or STA 235H Data Science for Business Applications: Honors
D S 235Introduction to Decision Science2
or D S 235H Introduction to Decision Science: Honors
BAX 304Introduction to Problem Solving and Programming3
or MIS 304 Introduction to Problem Solving and Programming
or C S 303E Elements of Computers and Programming
Nine additional semester hours selected from the following 19
Auditing and Control
Auditing and Control
Topics in Business Analytics (Topic 6: Optimization Methods in Finance)
or
Topics in Decision Science (Topic 6: Optimization Methods in Finance)
Advanced Topics in Finance (Topic 5: Financial Technology)
Topics in Business Analytics (Topic 7: People Analytics)
or
Special Topics in Management (Topic 7: People Analytics)
Database Management
Database Management
Topics in Business Analytics (Topic 1: Advanced Analytics Programming)
or
Topics in Management Information Systems (Topic 11: Advanced Analytics Programming)
Topics in Business Analytics (Topic 2: Predictive Analytics and Data Mining)
or
Topics in Management Information Systems (Topic 17: Predictive Analytics and Data Mining)
or
Marketing Seminar (Topic 22: Predictive Analytics and Data Mining)
Topics in Business Analytics (Topic 23: Social Media Analytics)
or
Topics in Management Information Systems (Topic 23: Social Media Analytics)
Topics in Business Analytics (Topic 4: User Generated Content Analytics)
or
Topics in Management Information Systems (Topic 25: User Generated Content Analytics)
Information and Analysis
Information and Analysis
Topics in Business Analytics (Topic 8: Pricing and Channels)
or
Marketing Seminar (Topic 14: Pricing and Channels)
Topics in Business Analytics (Topic 9: Data Analytics for Marketing)
or
Marketing Seminar (Topic 23: Data Analytics for Marketing)
Topics in Business Analytics (Topic 10: Data Driven Marketing)
or
Marketing Seminar (Topic 25: Data Driven Marketing)
Topics in Business Analytics (Topic 16: Supply Chain Analytics)
or
Special Topics in Operations Management (Topic 6: Supply Chain Analytics)
Topics in Business Analytics (Topic 17: Health Care Analytics)
or
Special Topics in Operations Management (Topic 8: Health Care Analytics)
Supply Chain Modeling and Optimization
Supply Chain Modeling and Optimization
Topics in Business Analytics (Topic 21: Time Series Forecasting)
or
Topics in Statistics (Topic 9: Time Series Forecasting)
Please Note: Other courses may be considered for substitution, as approved by the Business Analytics Minor Committee.
All classes must be taken on the letter-grade basis.
The student must earn a combined grade point average of at least 3.00 in these courses.
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1. The nine elective hours must be different from courses taken for the students’ major; these nine hours cannot simultaneously satisfy any degree requirements except free electives only. Students should carefully choose electives from a field of study different than their major, and should consult their academic advisor.

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
or COM 324M Introduction to Business Communication
or COM 324H Introduction to Business Communication: 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
One or two of:
Intermediate Microeconomics for Business
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
or COM 324M Introduction to Business Communication
or COM 324H Introduction to Business Communication: 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
or COM 324M Introduction to Business Communication
or COM 324H Introduction to Business Communication: 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
or COM 324M Introduction to Business Communication
or COM 324H Introduction to Business Communication: 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
or COM 324M Introduction to Business Communication
or COM 324H Introduction to Business Communication: Honors
O M 235Operations Management2 or 3
or O M 235H Operations Management: Honors
or O M 334M Healthcare Operations Management
MAN 101SLeadership Challenges and Innovation1
or MAN 101H Leadership Challenges and Innovation: Honors
or MAN 101T Leadership Challenges and Innovation
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 and be admitted.

To fulfill the Business Minor, students must complete 18 semester hours of coursework as described below. Students admitted to the Business Minor must contact their home college to have the approved minor added to their degree audit profile, otherwise they cannot receive transcript recognition upon completion of the requirements.

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.

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
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. LEB 320F or LEB 323 cannot be taken abroad.
The student must satisfy the courses used to fulfill minor requirements on the letter-grade basis, except for credit by exam. The student must earn a combined grade point average of at least 2.00 in these courses.
---
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 Minor website.
3. One course only of I B 320F Foundations of International Business, B A 320F Foundations of Entrepreneurship, or ECO 304K Introduction to Microeconomics, 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 and be admitted to 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 329.

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 transcript-recognized minor.

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 and be admitted to 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 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 FIN Minor requirements, in order to receive the BEOP FIN transcript-recognized minor.

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.

Specialized Minors for All Majors

The Analytics and Business of Sports Minor

Few industries capture the attention and passion of young people as much as sports. Young people of all ages grow to idolize athletes and organizations, propelling attachments that last a lifetime. This interest has spawned multibillion dollar industries ranging from advertising, clothing, lifestyle brands, media, and entertainment. In turn, millions of young Americans aspire to build their professional careers around sports in various forms.

The Analytics and Business of Sports Minor aims to equip students with the perspectives, knowledge, and lessons about leadership, ethics and analytics that transcend beyond any one industry. The broader objectives of the program include equipping students with analytical talents that will propel their success in a competitive economy that is characterized around managing for exceptional performance.

The Analytics and Business of Sports Minor is designed for undergraduate students with ambitions to study sports and the leadership, analytics, and business lessons that can apply more broadly. With the advent of sabermetrics in baseball and the explosion analytics across the four major sports, the context for understanding such the underpinnings and consequences of talent acquisition, team dynamics, compensation, biophysical markers of health, etc. is unparalleled. Further, there are additional lessons in data visualization, data analytics, specialty statistics (e.g., spatial statistics), media, branding, and so on, that can link to and build on other courses currently taught within McCombs.

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 at Austin grade point average.

To fulfill the Analytics and Business of Sports Minor, students must complete 18 semester hours of coursework as described below. Students admitted to the Sports Minor must contact their home college to have the approved minor added to their degree audit profile, otherwise they cannot receive transcript recognition upon completion of the requirements.

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 at the time of graduation.  The University requires at least nine hours of the minor to be coursework not used to satisfy requirements of the student’s major.

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

The Analytics and Business of Sports Minor requirements are:

RequirementsHours
Business Fundamentals: One of the following courses:3
Foundations of Management and Organizational Behavior
Organizational Behavior
Foundations of Finance
Business Finance
Foundations of Marketing
Principles of Marketing
Introduction to the Human Dimensions of Organizations
Foundations of Information Technology Management
Introduction to Information Technology Management
Analytical Foundations: One of the following courses:3
Economic Statistics
Elementary Statistical Methods
Introduction to Social Statistics
Statistical Methods in Psychology
Introduction to Data Science 1
Using Analytics to Manage People and Performance3
Special Topics in Management (Topic 7: People Analytics)
Analytics, Business and Sports3
Special Topics in Management (Topic 6: Performance and Sports Analytics)
Electives related to sports, managing people, and leading organizations, two of the following courses:6
Introduction to Integrated Communication for Sports
Introduction to Integrated Communication for Sports
The Business of Sports Media
The Business of Sports Media
Communication and Sports
Politics and Protest in Sports
Reporting Sports
Issues in Kinesiology: Topical Studies (Topic 5: Sport Industry in America)
Management of Physical Activity and Sport Programs
Studies in Human Movement: Topical Studies (Topic 6: Race and Sport in African American Life)
Sport Law
Sport and Event Marketing
Revenue and Budgeting in Sport
Strategic Management of Sport Organizations
Strategic Human Resources Management
Innovation and Entrepreneurship
Consulting and Change Management
Special Topics in Management (Topic 21: The Art and Science of Negotiation)
General Management and Strategy
Topics in Media and Society (Topic 9: Media Industries and Entrepreneurship)
Media Industries and Entrepreneurship
Studies in Media and Culture (Topic 6: Gender, Race, and Sexuality in Sports Media)
Please Note:
Other courses may be considered for substitution, as approved by the Business of Sports 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.

Business and Public Policy Minor

The Business and Public Policy (BPP) Minor provides University of Texas undergraduate students with the opportunity to have transcript-recognized study 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. Students who complete the BPP Minor requirements 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 minor is also well-suited for undergraduates interested in careers in law, governmental and public service, and/or in nonprofit organizations.

Students who have completed 24 hours in residence with upper-division standing may formally apply to the minor. Admission to the program is based on a student’s overall academic record. To gain admission the following semester, students must apply by March 10 for fall and by October 10 for spring.

To fulfill the Business and Public Policy Minor, students must complete 15 semester hours of coursework as described below. Students admitted to the BPP Minor must contact their home college to have the approved minor added to their degree profile, otherwise they cannot receive transcript recognition upon completion of the requirements. 

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 student’s major requirements at the time of graduation.  The University requires at least nine hours of the minor to be coursework not used to satisfy requirements of the student’s major.

Due to course availability, two long semesters are typically required to complete the BPP Minor classes.  Some required BGS courses are offered only once a year during either the fall or spring semester.

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

The Business and Public Policy Minor requirements are:

RequirementsHours
GOV 312LIssues and Policies in American Government3
May include the Washington Campus section of this course.
Any of the acceptable combinations approved to satisfy the Texas Legislative requirement for government may be used.
One example combination is:
American Government
and Politics and Government in Contemporary Texas
Three or four of the following courses: 19-12
Corporate Political Strategy
Strategic Corporate Social Responsibility
Strategic Corporate Communication
Global Political Economy
Business and Policy in the Age of Inequality
Zero or one of the following courses: 10-3
Advertising and Public Relations Law and Ethics
Introduction to American Studies
Social and Ethical Responsibility of Business
Topics in Business, Government, and Society (Topic 1: Energy Technology and Policy)
Topics in Business, Government, and Society (Topic 2: Ethics, CSR, and Service Learning)
Capstone Course in Communication and Leadership
Professional Communication Skills
Political Communication
Media Effects and Politics
Public Economics
Development Economics
Urban Economics
International Trade and Investment
Topics in European Economics, Government, Business, and Policy (Topic 2: International Trade)
Advanced Topics in Finance (Topic 1: Environmental, Social, and Governance Investing )
Political Parties
Introduction to Public Policy
Global Governance
Issues in Third World Development
Money in United States Politics
Foundations of International Business
International Trade
Foundations of Business Law and Ethics
Business Law and Ethics
Business Law and Ethics: Honors
Healthcare Law and Policy
Real Estate Law
Topics in the Legal Environment of Business (Topic 13: Contracts and Real Property)
Topics in the Legal Environment of Business (Topic 14: Oil and Gas Law)
Business, Ethics, and Public Policy
Fundamentals of Public Relations
Strategies in Public Relations
Integrated Communications Management
Please Note:
Other courses may be considered for substitution, as approved by the BGS Department.
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.
---
1. If a student has taken Government 312L and only nine hours from: BGS 371, 372, 373, 374, and 375, they choose one course from the list of electives to satisfy the fifteen hour requirement. If a student has taken GOV 312L and twelve hours from: BGS 371, 372, 373, 374, and 375, then they need not take any of the electives to satisfy the fifteen hour requirement

Energy Management Minor

The Energy Management (EM) Minor 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. 

Admission to the minor is based on students’ overall academic record. All students must have completed at least one semester at The University of Texas at Austin before applying to the minor program, and have a University grade point average of at least 2.0.  Freshmen who wish to participate in the program their first semester must wait until the spring to apply.  Applications are accepted on a rolling basis for admission to the program.

To fulfill the Energy Management Minor, students must complete 18 semester hours of coursework as described below. Students admitted to the Energy Management Minor must contact their home college to have the approved minor added to their degree profile, otherwise they cannot receive transcript recognition upon completion of the requirements.  While students have freedom to choose course they take, they are encouraged to speak with the Minor Director to plan course bundles.

At least half of the required minor 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 student’s major requirements at the time of graduation.  The University requires at least nine hours of the minor to be coursework not used to satisfy requirements of the student’s major.

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

The Energy Management Minor requirements are:

RequirementsHours
Eighteen semester hours selected from the following: 18
Topics in Business, Government, and Society (Topic 10: Nontechnical Exploration and Production)
Topics in Business, Government, and Society (Topic 1: Energy Technology and Policy)
Foundations of Finance
Business Finance
Special Topics in Finance (Topic 1: Valuing Natural Resources)
Sedimentary Rocks
Sedimentary Rocks
Special Topics in Finance (Topic 2: Energy Finance)
Introduction to Geology
Physical Geology
Honors Introductory Geology
Topics in the Legal Environment of Business (Topic 13: Contracts and Real Property)
Topics in the Legal Environment of Business (Topic 14: Oil and Gas Law)
or
Studies in Petroleum and Geosystems Engineering (Topic 8: Oil, Gas, and Mineral Law)
Topics in the Legal Environment of Business (Topic 17: Electricity Systems)
Topics in the Legal Environment of Business (Topic 18: Energy Law and Policy)
Topics in the Legal Environment of Business (Topic 19: Behavioral Economics, Energy and Sustainability)
Special Topics in Management (Topic 8: Energy Strategy)
Please note:
Other courses may be considered for substitution, as approved by the Energy Management Minor Committee.
All classes must be taken on the letter-grade basis. The student must earn a grade of at least C- in these courses.
Finance majors who select the Energy Finance, Law and Science track cannot pursue the Energy Management Minor; however, they may select any other finance track to complete the Energy Management Minor.
Not all courses will be offered in all academic years.

Entrepreneurship Minor

The Entrepreneurship Minor aims to provide 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 University grade point average.

To fulfill the Entrepreneurship Minor, students must complete 15 semester hours of coursework as described below. Students admitted to the Entrepreneurship Minor must contact their home college to have the approved minor added to their degree profile, otherwise they cannot receive transcript recognition upon completion of the requirements. 

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.  The University requires at least nine hours of the minor to be coursework not used to satisfy requirements of the student’s major.

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

The Entrepreneurship Minor requirements are:

RequirementsHours
One of the following courses:3
Foundations of Accounting
Fundamentals of Financial Accounting
Fundamentals of Financial Accounting: Honors
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
Communication for Innovation
Entrepreneurial Finance
Undergraduate Seminar in United States History (Topic 12: History of Black Entrepreneurship in the United States)
History of Black Entrepreneurship in the United States
Media Innovation and Entrepreneurship
Seminar in International Business (Topic 10: Exporting for Entrepreneurs)
Global Entrepreneurship
Special Topics in Management (Topic 5: Technology Transfer and Entrepreneurship)
Special Topics in Management (Topic 10: Women in Entrepreneurship)
Marketing Seminar (Topic 5: Design Thinking for Business Innovation)
Marketing Seminar (Topic 6: Marketing for Entrepreneurs)
Special Topics in Operations Management (Topic 7: New Product Development)
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
Sociology of Creativity
One of the following courses:3
Entrepreneurialism in Communication
Entrepreneurialism in Communication
Social and Cultural Entrepreneurship
Medical Device Innovation
Special Topics in Management (Topic 2: Interdisciplinary Entrepreneurship)
Longhorn Startup
Interdisciplinary Entrepreneurship: Elective
Digital Innovations Capstone
Entrepreneurship Practicum
Management Practicum: Social Entrepreneurship I
Social Entrepreneurship II
Social Innovation Practicum
Engineering Entrepreneurship
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.
Management majors cannot pursue the Entrepreneurship Minor, but instead may select the Entrepreneurship Track within the major.

Global Management Minor

The Global Management Minor is an officially recognized minor 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.

Admission to the Global Management Minor, which resides in the Business, Government & Society Department, is open to undergraduates across The University of Texas at Austin campus, and is based on students’ overall academic record. Admission is by application only.

To fulfill the Global Management Minor, students must complete 15 semester hours of coursework which must include three semester credit hours of international experience, as described below. Students admitted to the Global Management Minor must contact their home college to have the approved minor added to their degree profile, otherwise they cannot receive transcript recognition upon completion of the requirements.

At least half of the coursework must be completed in residence at The University of Texas at Austin. All coursework must be taken on a letter-grade basis and completed in conjunction with the student's major requirements at the time of graduation. The University requires at least nine hours of the minor to be coursework not used to satisfy requirements of the student’s major.

Registration for any of these courses will require that existing prerequisite course requirements be satisfied with the following exceptions: Prerequisites for Management 336 are waived for non-business majors and prerequisites for International Relations and Global Studies 320F are waived for non-IRG majors.

The Global Management Minor requirements are:

RequirementsHours
Required Courses
IRG 320FFoundations of International Relations and Global Studies3
MAN 336Organizational Behavior3
or MAN 320F Foundations of Management and Organizational Behavior
I B 137CIntroduction to Management in a Global Environment1
I B 237DGlobal Management Capstone2
Elective Courses
Three hours of upper division coursework selected from any of the following:3
International Trade
Foundations of International Business
International Commerce Analysis
or
Topics in European Economics, Government, Business, and Policy (Topic 2: International Trade)
International Experience3
Study abroad or international internship; three semester credit hours of “international experience” credit must be earned on a study abroad program of at least five weeks in length and/or an international internship of at least six weeks and 160 hours work. Study abroad and internships must be pre-approved by the Global Management Minor.
Please note:
Other courses may be considered for substitution, as approved by the Global Management 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.
Students who have declared an International Business major are ineligible to pursue the Global Management Minor.
Students can pursue either the Global Management Minor or the International Business Minor, but not both.
Up to three semester credit hours of the courses above completed abroad can satisfy minor requirements for both coursework and the international experience. Study abroad and internship programs must be pre-approved by the Global Management Minor Committee.

Health Care Reform and Innovation Minor

Healthcare in the U.S. accounts for nearly 20% 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 Health Care Reform and Innovation Minor 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, the goals and barriers for reform, and the opportunities for innovation.

The Health Care Reform and Innovation Minor 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 others, who want to understand the business aspects of the industry that they will enter upon graduation.

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 University grade point average. To gain admission the following semester, students must apply by March 1 for fall and by October 1 for spring.

To fulfill the Health Care Reform and Innovation Minor, students must complete 18 semester hours of coursework as described below.  Students admitted to the Healthcare Minor must contact their home college to have the approved minor added to their degree profile, otherwise they cannot receive transcript recognition upon completion of the requirements. 

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 student's major requirements at the time of graduation.  The University requires at least nine hours of the minor to be coursework not used to satisfy requirements of the student’s major.

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

The Health Care Reform and Innovation Minor requirements are:

RequirementsHours
Required Courses
ACC 310FFoundations of Accounting (for non-business students)3
or ACC 311 Fundamentals of Financial Accounting
or ACC 311H Fundamentals of Financial Accounting: Honors
ACC 334MHealthcare Accounting3
LEB 334MHealthcare Law and Policy3
MAN 334MHealthcare System Management3
O M 334MHealthcare Operations Management 1, 23
Elective Courses
One of the following courses:3
Building Sales Relationships
Evaluation and Research Design
Introduction to Health and Society
Management Practicum: Social Entrepreneurship I
Social Entrepreneurship II
Topics in Management Information Systems (Topic 26: Health Care Analytics)
or
Special Topics in Operations Management (Topic 8: Health Care Analytics)
Global Health
Introduction to Public Health
Managing Employee Risks and Benefits
Introduction to Health and Society
Please Note:
Other courses may be considered for substitution, as approved by the Health Care 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.
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1. This class satisfies the O M 235 degree requirement for business students. Please note that students interested in pursuing the Business of Healthcare Minor must take OM 334M; OM 235 will not be accepted towards the minor.
2. Business Honors Program students must take O M 235H and O M 179 Independent Research completed under the supervision of the minor faculty director, which will satisfy the O M 334M requirement for this minor.

International Business Minor

The International Business Minor will provide The University of Texas at Austin undergraduate students with a broad knowledge of the workings of the global economy and the opportunity to learn specific functional skills in areas such as finance, accounting, and value chain management that are particularly useful to companies and organizations operating in the international environment. 

Admission to the International Business Minor, which resides in the Business, Government & Society Department, is open to undergraduates across The University of Texas campus, and is based on students’ overall academic records.  Admission is by application only. 

To fulfill the International Business Minor, students must complete either 12 semester hours of coursework and three semester credit hours of international experience, or 15 hours of coursework, as explained below.  Students admitted to the International Business Minor must contact their home college to have the approved minor added to their degree profile, otherwise they cannot receive transcript recognition upon completion of the requirements.

At least half of the coursework must be completed in residence at the University.  All coursework must be taken on a letter-grade basis and completed in conjunction with the student’s major requirements.  The University requires at least nine hours of the minor to be coursework not used to satisfy requirements of the student’s major. 

Registration for any courses required for the International Business Minor will require that existing prerequisite course requirements are adequately met.

The International Business Minor requirements are:

RequirementsHours
Required Courses
EUS 348Topics in European Economics, Government, Business, and Policy (Topic 2: International Trade)3
or I B 350 International Trade
or I B 320F Foundations of International Business
or I B 350S International Commerce Analysis
Elective Courses
Any four or three of the following courses:12 or 9
Global Political Economy
Global Regulatory Strategy
Finance and Global Business
International Accounting and Transfer Pricing
International Accounting and Transfer Pricing
Global Value Chains
International Finance
International Finance
Seminar in International Business (any topic)
Topics in International Business (any topic)
International Experience, Optional0 or 3
Three semester credit hours International Experience, study abroad or internship, which can replace three semester credit hours of the Electives. 1
Please note:
Other courses may be considered for substitution, as approved by the International Business 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.
Students who have declared an international business major are ineligible to pursue the International Business Minor.
Students can pursue either the International Business Minor or the Global Management Minor, but not both.
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1. Up to three semester credit hours of the elective courses can be satisfied by successful completion of "international experience" credit earned on a study abroad program of at least five weeks in length and/or an international internship of at least six weeks and 160 hours work. Study abroad and internship programs must be pre-approved by the International Business Minor Committee.

Leadership in Global Sustainability Minor

The Leadership in Global Sustainability Minor is open to students of all majors and is offered as a collaboration between the McCombs School of Business and the Moody College of Communication. The objective of this minor is to provide students the opportunity to develop a set of theoretical and implementable skills to understand how sustainability can be embedded in business, financial and social systems. The minor will also prepare students to analyze, communicate and persuade on the diverse topics of sustainability and their implementation. Given the broad range of sustainability in terms of the concept of meeting “the needs of the present without compromising the ability of future generations to meet their own needs” and its availability in many disciplines throughout the University, the minor is designed to be multidisciplinary with important experiential learning opportunities in order to enhance students’ study of their majors, while informing them on the importance of sustainability and its communication in business and related fields.

Admission to the minor is based on a student’s overall academic record, including but not limited to, number of hours completed, rigor of courses taken in residence, demonstrated interest in sustainability, and the overall University of Texas grade point average.

Students seeking admission to the minor may apply during the Spring semester. Eligible students will be considered for admission based on criteria that may include:

  • the student’s overall academic record, including UT-Austin GPA of at least 2.5,
  • the student’s extracurricular activities,
  • the student’s demonstrated interest in the program

For the first year, priority will be given to McCombs and Moody students.

To fulfill the Leadership in Global Sustainability Minor, students must complete 17 semester hours of coursework as described below. Part of this coursework includes an experiential learning activity through the Global Sustainability Practicum course. Students admitted to the Leadership in Global Sustainability Minor must contact an academic advisor in their home college to have the approved minor added to their degree profile, otherwise they cannot receive transcript recognition upon completion of the requirements.

At least half of the required minor coursework must be completed in residence at The University of Texas at Austin. All coursework must be taken on the letter-grade basis (unless the course is only offered on a pass/fail basis) and completed in conjunction with the student’s major requirements at the time of graduation. The University requires at least nine hours of the minor to be coursework not used to satisfy requirements of the student’s major.

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

The Leadership in Global Sustainability Minor requirements are:

RequirementsHours
Required Courses
ADV 324Communicating Sustainability3
or P R 324 Communicating Sustainability
BGS 370Topics in Business, Government, and Society (Topic 5: Global Business Sustainability)3
or
Special Topics in Finance (Topic 3: Global Business Sustainability)
FIN 134MCurrent Issues in Global Sustainability1
FIN 164PGlobal Sustainability Practicum1
Elective Courses; one course must be taken from each of the three topics:
One course regarding the Science of Sustainability3
Foundations of Environmental Engineering
Sustainable Systems Engineering
Climate: Past, Present, and Future
Earth, Wind, and Fire
Earth Science and Sustainability
Crisis of Our Planet
Sustaining a Planet
Earth in 2100
Energy and the Environment
Introduction to Oceanography
Humans and a Changing Ocean
Marine Ecology
Environmental Anthropology
Topics in Anthropology (Topic 57: Archaeology of Climate Change)
Cultures of Sustainability
One course regarding Sustainability in Business3
Social and Ethical Responsibility of Business
Strategic Corporate Social Responsibility
Advanced Topics in Finance (Topic 1: Environmental, Social, and Governance Investing)
Business Law and Ethics
Business Law and Ethics: Honors
Foundations of Business Law and Ethics
Topics in the Legal Environment of Business (Topic 4: Social and Ethical Responsibilities of Business)
Management Practicum: Social Entrepreneurship I
Social Entrepreneurship II
Social Innovation Practicum
Environmental and Natural Resource Economics
One course regarding Sustainability in Communication3
Public Communication of Science and Technology
Public Communication of Science and Technology
Multicultural Issues in Advertising and Public Relations
Communication for Civic Engagement
Creative Communication of Scientific Research
Communication and Social Change
Social Media and Social Movement: Then and Now
Reporting on the Environment
Please note:
Other courses may be considered for substitution, as approved by the Leadership in Global Sustainability 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.

National Security and International Business Minor

The National Security and International Business Minor will provide University of Texas at Austin undergraduate students with a broad knowledge of the interdependent relationship between national security on the one hand and private business, especially international business, on the other. Students will graduate with an appreciation that the health of each domain is predicated on the strength of the other. This minor is part of the International Business program in the Business, Government & Society Department of the McCombs School of Business in coordination with UT’s Clements Center for National Security.

Admission to the National Security and International Business Minor, which is open to undergraduates across The University of Texas at Austin campus, is based on students’ overall academic records. Admission is by application only.

Students admitted to the National Security and International Business Minor must contact their home college to have the approved minor added to their degree profile, otherwise they cannot receive transcript recognition upon completion of the requirements.

To fulfill the National Security and International Business Minor, students must complete either 12 semester hours of coursework and three hours of a national security internship, or 15 hours of coursework, as explained 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 at the time of graduation. The University requires at least nine hours of the minor to be coursework not used to satisfy requirements of the student’s major. Registration for any of these courses will require that existing prerequisite course requirements are adequately met.

The National Security and International Business Minor requirements are:

RequirementsHours
Required Courses
GOV 360DInternational Security3
BGS 374Global Political Economy3
I B 350International Trade3
I B 368Global Value Chains3
National Security Elective Courses
Three hours of upper division coursework selected from any of the following:3
Topics in United States History (Topic 15: United States Military History)
The United States and the Second World War
Internship Credit
Students may substitute an approved internship in lieu of I B 350, I B 368, or the National Security Elective course. This credit must be earned on a pre-approved national security internship of at least five weeks in length.
Please note:
Other courses may be considered for substitution, as approved by the National Security and International Business 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.
Internship programs must be pre-approved by the National Security and International Business Minor Committee.

Professional Sales and Business Development Minor

The Professional Sales and Business Development Minor is open to students of all majors and is offered as a collaboration between McCombs School of Business and the Moody College of Communication. This minor provides theory, frameworks, and tools to help students a) develop skills in analysis, communication, presentation, and persuasion to allow them to effectively sell ideas, products, and services in any professional environment; b) develop resources and academic credentials to pursue sales-related careers; c) understand the role of professional selling in marketing, business, and related organizations.

Admission to the minor will be competitive. Review will be based on factors such as a student’s overall academic record, including but not limited to hours and rigor of courses taken in residence, demonstrated interest, and The University of Texas grade point average with priority to McCombs and Moody students. To apply for the minor students must have a cumulative University GPA of at least 3.00.

To fulfill the Professional Sales and Business Development Minor, students must complete 16 semester hours of coursework as described below. Students admitted to the Professional Sales and Business Development Minor must contact their home college to have the approved minor added to their degree profile, otherwise they cannot receive transcript recognition upon completion of the requirements.

At least half of the required minor coursework must be completed in residence at The University of Texas at Austin. All coursework must be taken on the letter-grade basis (unless the course is only offered on a pass/fail basis) and completed in conjunction with the student’s major requirements at the time of graduation. The University requires at least nine hours of the minor to be coursework not used to satisfy requirements of the student’s major.

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

The Professional Sales and Business Development Minor requirements are:

RequirementsHours
Foundations Courses6
Foundations of Marketing
Principles of Marketing
Principles of Marketing: Honors
Professional Communication Skills
Business Communication: Oral and Written
Business Communication: Oral and Written: Honors
Introduction to Business Communication
Introduction to Business Communication: Honors
Foundational Sales Courses (must take one, but both may be taken)3-6
Building Sales Relationships
Professional Selling and Sales Management
Advanced Sales Topics Courses (must take one, but may take two)3-6
Theories of Persuasion
Strategic Sales and Event Planning
Topics in Professional Sales and Business Development (Topic 2: Sales Strategy and Steering)
Topics in Professional Sales and Business Development (Topic 3: Analytical Tools for Sales)
Sales-Related Elective Courses (can be taken to meet 16 hour requirement as needed):
Social Media
Selling in Healthcare Industries
Lying and Deception
Internship in Communication Studies
Special Topics in Management (Topic 21: The Art and Science of Negotiation)
Marketing Seminar (Topic 2: Consumer Behavior)
Marketing Seminar (Topic 13: Integrated Marketing Communications)
Marketing Seminar (Topic 16: Business to Business Marketing)
Marketing Seminar (Topic 17: Consumer Behavior in a Digital World)
Marketing Seminar (Topic 26: Strategy Consulting for Marketers)
Marketing Practicum
Marketing Micro-topics (Topic 1: Data Storytelling/Visualization)
Marketing Micro-topics (Topic 2: Negotiating Sales Solutions)
Marketing Micro-topics (Topic 3: International Selling)
Marketing Micro-topics (Topic 4: Sales Technology and Artificial Intelligence)
Marketing Micro-topics (Topic 5: Selling in High Technology Industries)
Marketing Micro-topics (Topic 6: Predictive Modeling in Sales)
Marketing Micro-topics (Topic 7: Professional Purchasing and Procurement)
Please Note:
Other courses may be considered for substitution, as approved by the Professional Sales and Business Development Minor Committee.
All classes must be taken on the letter-grade basis unless they are only offered on a pass/fail basis. The student must earn a combined grade point average of at least 2.00 in these courses.
For students majoring in marketing, nine hours for the Professional Sales and Business Development minor must be taken in addition to and different from the marketing electives taken for the major. Marketing majors are encouraged to take the CMS and ADV course options for the Foundational Sales courses and Sales-Related elective courses.

Real Estate Minor

The Real Estate Minor 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 minor in real estate.

After earning credit for Accounting 310F or 311, a student with upper-division standing may apply for admission to the minor. Admission is based on a student’s overall academic record, including, but not limited to, hours and number of courses taken in residence, demonstrated interest in real estate, and the overall University grade point average.

To fulfill the Real Estate Minor, students must complete 18 semester hours of coursework as described below.  Students admitted to the Real Estate Minor must contact their home college to have the approved minor added to their degree profile, otherwise they cannot receive transcript recognition upon completion of the requirements. 

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 student's major requirements at the time of graduation.  The University requires at least nine hours of the minor to be coursework not used to satisfy requirements of the student’s major.

The courses necessary to complete the Real Estate Minor may have additional prerequisites, and admission to the program and instructor approval are required as conditions of enrollment in some courses. Registration for any of these courses will require that existing prerequisite course requirements are adequately met.

The Real Estate Minor requirements are:

RequirementsHours
Required Courses
ACC 310FFoundations of Accounting3
or ACC 311 Fundamentals of Financial Accounting
or ACC 311H Fundamentals of Financial Accounting: Honors
FIN 357Business Finance3
or FIN 357H Business Finance: Honors
R E 358Introduction to Real Estate and Urban Land Development3
R E 376GReal Estate Investment3
Elective Courses
Two elective courses from the following list: 16
Contemporary Accounting Topics (Topic 5: Taxation of Real Estate Investments)
or
Special Topics in Real Estate (Topic 1: Taxation of Real Estate Investments)
Finance Practicum (Real Estate Private Equity Fund) 1
Advanced Investment Analysis (Topic 3: Security Analysis) (REIT Fund) 1
Real Estate Law
Topics in the Legal Environment of Business (Topic 13: Contracts and Real Property)
Real Estate Development
Real Estate Finance and Syndication
Please Note:
Other courses may be considered for substitution, as approved by the Real Estate 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.
Finance majors who select the Real Estate track cannot pursue the Real Estate Minor; however, they may select any other finance track to complete the Real Estate Minor.
1

Note that FIN 366P and FIN 377.3 are part of the RE Investment Fund Program; participating students must enroll in both courses over two sequential semesters.

Risk Management Minor

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.  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 enterprises.

The Risk Management Minor provides a student with a tool kit for contemplating, identifying, prioritizing, and formulating approaches to manage varying types of risks inevitably faced. The Risk Management Minor 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).  For 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 some degree of managerial control and risk transfer to protect the firm. Companies need increasingly active risk management expertise to survive.

Who Should Consider The Risk Management Minor?

The Risk Management Minor is designed for both business and non-business majors who expect to someday work 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 Minor Application and Coursework Requirements

The Risk Management Minor 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 University grade point average of at least 2.5, and is based on students’ overall academic record.  Students must apply to the Risk Management Minor at least one full semester prior to anticipated graduation; 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.

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

To fulfill the Risk Management Minor, students must complete 18 semester hours of coursework as described below; 12 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.  Students admitted to the Risk Management Minor must contact their home college to have the approved minor added to their degree profile, otherwise they cannot receive transcript recognition upon completion of the requirements. 

At least half of the coursework (nine hours) 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 student's major requirements at the time of graduation.  The University requires at least nine hours of the minor to be coursework not used to satisfy requirements of the student’s major.

Registration for any of these courses will require that existing prerequisite course requirements are adequately met.  Registration in courses does not require admission to the Risk Management Minor.

The Risk Management Minor requirements are:

RequirementsHours
Risk Management Requirement 13
Introduction to Risk Management
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
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 Minor. Courses dealing with conflict resolution, health management, health infrastructure, public policy, governmental regulation, risk management, or security are likely candidates.
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.
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1. Risk Management 377 and Risk Management 369K are offered in alternating Fall semesters
2. Risk Management Minor students must be able to enroll in an elective through their majors and have the required prerequisites - the Risk Management Minor Program cannot grant or request exceptions to restricted courses, or to prerequisites for elective courses.
3. Whichever was not used to fulfill the minor 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

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

Wealth Management Minor

The Wealth Management Minor will equip students with the perspectives, conceptual knowledge, and analytical skills necessary to participate successfully in myriad aspects of the wealth management industry, including offering financial planning services to individual and institutional investors.  The minor is open to undergraduate students in the Business School and Economics majors who are pursuing the Business Economics Options Program (BEOP).  The minor is also designed to help students prepare for participation in the Certified Financial Planner (CFP) certification program.

Admission to the minor is restricted to students who have declared a business major and economics majors who are pursuing the Business Economics Options Program (BEOP). Admission is based on students’ overall academic record, including but not limited to hours and rigor of courses taken in residence, demonstrated interest, and University grade point average.

To fulfill the Wealth Management Minor, students must complete 18 semester hours of coursework as described below.  Students admitted to the Wealth Management Minor must contact their academic advisor to have the approved minor added to their degree profile, otherwise they cannot receive transcript recognition upon completion of the requirements.

At least half of the required minor 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 at the time of graduation.  The University requires at least nine hours of the minor to be coursework not used to satisfy requirements of the student’s major.

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

The Wealth Management Minor requirements are:

RequirementsHours
Required Courses
ACC 364Fundamentals of Taxation3
ACC 378Contemporary Accounting Topics (Topic 3: Financial Planning for Wealth Management)3
or
Advanced Topics in Finance (Topic 3: Financial Planning for Wealth Management)
FIN 367Investment Management3
Elective Courses
Nine semester hours selected from the following: 19
Theories of Persuasion
Money and Capital Markets
Advanced Investment Analysis (Topic 1: Portfolio Analysis and Management)
Topics in the Legal Environment of Business (Topic 15: Law of Wills, Trusts, and Estates)
Marketing Seminar (Topic 11: Brand Management)
or
Marketing Seminar (Topic 17: Consumer Behavior in a Digital World)
or
Marketing Seminar (Topic 21: Strategic Product Management)
Property-Liability Risk Management and Planning
Please Note:
Other courses may be considered for substitution, as approved by the Wealth Management 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.
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1. The nine elective hours must be different from courses taken for the students’ major; these nine hours cannot simultaneously satisfy any degree requirements except free electives only. Students should carefully choose electives from a field of study different than their major, and should consult their academic advisor.

Certificates

The McCombs School of Business does not offer any certificate programs. To see a full list of certificates offered at the University, please see The University section of the Undergraduate Catalog.