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Minor in Business

The Minor in Business is designed for students who would like to complement their undergraduate major with business knowledge.  The curriculum will enable students to integrate business concepts, skills, and perspectives into their declared majors and will add value to many technical and non-technical majors across campus.  Facilities, clubs, corporate visits, career fairs, and career-prep seminars will all be open to minors.

Admissions. In order to declare the Minor in Business and have the minor listed on the official University record, students must first be admitted to the minor via a competitive application process. There is one admission cycle each year, and the Ross School plans to admit 100 students into the Minor in each of the first two years. 

To be eligible to apply for admission to the minor, students must successfully complete the prerequisites and have junior standing or above by the end of the Winter term in which they apply. The application will be available in April and due in May for Fall Term admission. Following a pre-screening of applicants to verify eligibility, admission decisions will be based on a holistic review of the application form, transcript, and 1-2 essays. Ross Undergraduate Admissions will pay particular attention to applications that explicitly and thoughtfully articulate why students are interested in the minor as a companion to their major.

Summary of Requirements. The Minor in Business curriculum consists of 15 credits and has flexible core and elective components; in addition, students must complete Microeconomics by graduation. Eligible courses taken prior to acceptance to the minor can be used to satisfy the 15-credit requirement. An overall grade point average of 2.0 or above within the minor must be achieved; and, all courses used to meet minor requirements must be elected both for credit and for a grade. At least 15 credits with a minimum of five courses (elective course credit-loads vary) to be chosen from core requirements and electives. 

Prerequisites to Application to the Minor

  • MATH 105, 115, or 120 (or equivalent) or upper-level calculus
  • First-Year Writing Requirement Course or ENGR 100

Academic Minor Program

  1. Core Requirements (4 courses, 12 credits):
    • ACC 300 Financial Accounting (3)
      or
      ACC 471 Accounting Principles (3)
    • FIN 302 Making Financial Decisions (3)
      or
      TO 302 Managing Business Operations (3)
    • MKT 300 Marketing Management (3)
      or
      MO 302 Positively Leading People and Organizations (3)
    • STRATEGY 302 (3)
      or
      Action-Based Learning course from the following list (subject to change):
      • ES 395 Entrepreneurial Management (3)
      • ES 445 Base of the Pyramid – Business Innovation (3)
      • MKT 301 Strategic Marketing Planning (3)
      • MO 463 Leading Creativity and Innovation (3)
      • STRATEGY 392 Dynamic Capabilities Through Corporate Development (3)
      • STRATEGY 470 Strategic Management of Knowledge in Professional Service Firms (3)
      • TO 465 Business Systems Consulting (3)
      • TO 482 Projects in Operations, Purchasing and Supply Chain Management (7.5)
  2. Electives. (Students must complete a minimum of 3 credits of electives from the following list, which is subject to change):
    • ACC 301 Managerial Accounting (3)
    • ACC 312 Intermediate Financial Accounting (3)
    • ACC 315 Cost Accounting (3)
    • ACC 318 Financial Statement Analysis (3)
    • BA 201 Business Thought and Action (3)
    • BE 311 Public Policies Toward Business (3)
    • BE 440 Risk Management & Insurance (3)
    • ES 250 Introduction to Entrepreneurship (3)
    • FIN 308 Capital Markets and Investment Strategy (1.5)
    • FIN 309 Fixed Income Securities and Markets (1.5)
    • FIN 314 Corporate Investment Decisions (3)
    • FIN 317 Corporate Financing Decisions (3)
    • FIN 320 Real Estate Fundamentals (1.5)
    • FIN 321 Commercial Real Estate Finance (1.5)
    • FIN 325 Entrepreneurial Finance (3)
    • FIN 329 Financing Research Commercialization (3)
    • FIN 334 Applied Quant/Value Portfolio Management (3)
    • FIN 340 Financial Trading (1.5)
    • FIN 380 Options and Futures in Financial Decisions (1.5)
    • LHC 305 Legal Environment (3)
    • LHC 306 Law of Enterprise Organization (3)
    • LHC 309 Business Ethics & Accountability (1.5)
    • LHC 310 Negotiation & Dispute Resolution (1.5)
    • MKT 303 Brand Management (1.5)
    • MKT 308 Pricing (3)
    • MKT 311 Advertising Management (3)
    • MKT 313 Consumer Behavior (3)
    • MKT 318 Marketing Research and Analysis (3)
    • MKT 325 New Product Management (3)
    • MO 314 Managing Change (3)
    • MO 315 Introduction to Managing Human Capital (3)
    • MO 321 Leadership in Organizations (3)
    • STRATEGY 310 The World Economy (3)
    • STRATEGY 361 International Management (3)
    • STRATEGY 390 Corporate Strategy (3)
    • STRATEGY 411 Corporation in Society (3)
    • STRATEGY 417 Behavioral Processes of Strategic Management (3)
    • TO 311 Decision Support with Excel (3)
    • TO 410 Supply Chain Management (3)

Co-Requisite that must be completed prior to Graduation: ECON 101 Microeconomics (4).

Advising for Business Minor +

Students admitted to the Minor in Business should continue to meet regularly with academic advisors and career counselors in their home schools. Information sessions on the minor and the application process will be available for prospective minor applicants each Winter term. Once accepted into the minor, Ross advisors are available by appointment to review and develop plans to complete the Minor in Business and to verify completion of the Minor in Business. The Ross Academic Advising Director will communicate with LSA to officially coordinate the notation of the Minor in Business on student records.

Because admissions decisions will be made in July, after registration for the Fall term has occurred, students applying to the Minor in Business are advised to enroll in a full schedule of courses during the regular registration timeline. Students should select coursework in consultation with their home school academic advisors that will match both their degree requirements and interests.

During the regular Fall registration process, students may choose to enroll in Ross courses for which they meet prerequisites without being admitted to the minor. Those students who have applied to the minor will likely want to consider enrolling in one or more Ross classes prior to final decisions on minor admission. Students who are later admitted to the minor may want to make some adjustments to their schedules in July, if necessary, but will likely not need to make widespread changes to their course schedules. Students who are not admitted to the minor, but who have registered for Ross courses may still choose to complete business courses through Ross to align with their interests, so will also not need to make schedule adjustments during the summer, unless desired.

For more information visit www.bus.umich.edu/MyImpact/gateway/default.aspx?url=http%3A//www.bus.umich.edu/impact/CounselingCalendar/AcademicServices/, or contact the Ross School of Business BBA Program Office at BusinessMinor@umich.edu.


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