University of Texas at Austin
A student with a backpack walks near the family statue in front of the McCombs School of Business

Frequently Asked Questions

McCombs School of Business McCombs School of Business

Frequently Asked Questions

Wealth management/financial planning is a growing industry.  A business or economics degree (BEOP), supplemented with a Certificate/Minor in Wealth Management, is excellent preparation for a career in financial management.

See the Careers and Resources page for information on employment opportunities and professional certifications in wealth management/financial planning.

The certificate and minor programs require the same 18 hours of coursework; however, the appropriate program depends on your University Catalog.

  • The WM Certificate is only for business majors who are in the 2016-2018 and 2018-2020 Catalogs.
  • The WM Minor is for business majors and economic majors (Business Economics Options Program) in the 2020-2022 Catalogs and later.

Applications to the WMP are reviewed on a holistic basis. 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 in wealth management and University grade point average. There is no formal GPA requirement; however, 3.0 is the suggested minimum.

  • Follow the instructions on the Application page
  • Applications are accepted on a continuous basis.

Although applications are accepted continuously, The WMP makes admission decisions only four times a year, according to the following schedule. These deadlines are designed to accommodate the University’s pre-registration and add/drop periods.

Round Deadline Decision Before
1 October 15 Spring Registration Access Period 1
2 January 5 Spring Registration add/drop period
3 April 10 Summer & Fall Registration Access Period 1
4 August 15 Fall Registration add/drop period

Yes. The WM Minor is now available to all business majors and economic students in the Business Economics Options Program (BEOP) who are in the 2020-2022 Catalogs and later

The WM Certificate is available only to business majors in the 2016-2018 and 2018-2020 University Catalogs. The WM Certificate is not available to economics majors.

The duration of the program will vary by student, specific courses taken and course sequences. Some WMP courses have prerequisites that must be fulfilled using core BBA courses (e.g., ACC 311, ACC 312, and FIN 357) or other WMP courses. Most students will require three long semesters to complete the program.

Yes. The WMP coursework is available to all business majors, without restriction (other than course prerequisites).  Economics majors (BEOP) may need waivers to enroll in business courses. Please consult your academic advisor if you need access to a restricted course for which you have completed the prerequisites.

Note: We urge students to apply to the WMP as soon as they decide to pursue the certificate/minor. Students must be admitted to the WMP and have the credential linked to their degree profile before they apply for graduation.

University rules govern how many hours can be shared by different academic credentials. Students should carefully choose courses and consult their academic advisor(s) as part of their degree planning.

  • For the WM Minor, the nine elective hours must be different from courses taken for the major; these nine hours cannot simultaneously satisfy any degree requirements except free electives only.
  • For the WM Certificate, one course (three hours) must be different from the major.
  • Students may be limited in the number of minors they can pursue as part of their degree plans. Please consult your academic advisor for the specific policies in your college or school.

Yes. Your UT Catalog determines whether you can pursue the WM Certificate or the WM Minor.

  • The WM Certificate may be awarded under a different UT Catalog than your major. In addition, you have up to one year after graduation to complete the certificate.
  • By contrast, the WM Minor must be awarded under the same UT Catalog as your major. You cannot complete a minor post-graduation.

Application Information

Admission Criteria

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 wealth management and overall UT grade point average.

Application Deadlines

  • For Spring semester: October 15; January 5
  • For Summer and Fall semesters: April 10; August 15

Application Procedures

The Wealth Management credential is available to all business majors and economics majors in the Business Economics Options Program (BEOP). The specific program you choose depends on the Undergraduate Catalog that was in effect when you first enrolled in classes at The University of Texas at Austin.

  • If you are a business or economics major in the 2020-2022 Undergraduate Catalog, you should apply for the Wealth Management Minor.
  • If you are a business major in the 2016-2018 or 2018-2020 Undergraduate Catalog, you should apply for the Wealth Management Certificate.
  • The Wealth Management Certificate is not valid for economics majors.

To Apply for the Wealth Management Minor:

Step 1: Submit an application via the Registrar Document Submission page for minors.
Step 2: Enter your EID. From the Field of Study pull down menu, choose Business Administration. From the Type pull down menu, choose Wealth Management. Confirm your choice and submit the application.

To Apply for the Wealth Management Certificate (Not Available to economics majors):

Step 1: Submit an application via the Registrar Document Submission page for certificates.
Step 2: Enter your EID. From the Field of Study pull down menu, choose Business Administration. From the Type pull down menu, choose Wealth Management. Confirm your choice and submit the application.

Once admitted to the minor or certificate, you must contact your academic advisor to have the Wealth Management Minor or Certificate attached to your degree profile. This is an important step in the process. The credential cannot be awarded to a student upon graduation if it has not been added to his or her degree profile.