Our goal is to give all MBAs the same grounding in the fundamentals of business and to endow them with general management competence. Through the core courses, the faculty seeks to instill the following essential business skills and values: a contemporary, real-world managerial perspective; business ethics; teamwork and leadership skills; cross-functional problem solving; effective written and oral communications; the ability to manage change, risk, and crises; the ability to manage human resources and diversity; and personal presentation skills.
First Year Required Courses
- Financial Accounting (2 hours)
This course provides an introduction to the concepts and issues of financial accounting, with an emphasis on the interpretation of financial statements. The course presents an overview of the accounting model, its aims, its continuing evolution, and the notion of earnings persistence. By the end of the course, you should feel comfortable interpreting a company’s annual report.
- Financial Management (2 hours)
This course provides an introduction to fundamental concepts in finance that provide a framework for analyzing investment and financing decisions. Using a combination of lectures and case problems, the course introduces you to financial concepts and their application. The main emphasis is on the investment and financing decisions in a corporation. The course examines how firms evaluate investment opportunities and identify the appropriate means of financing them. Specific topics covered include present value concepts, capital budgeting, capital structure policy, raising external capital, leasing policy, dividend polices and business valuation.
- Statistics (2 hours)
A unified approach to basic concepts in collection, analysis and interpretation of data, emphasizing capabilities of different statistical methods and business applications. You will learn to recognize and appropriately apply some of the most common statistical models in business: random process, random walk, regression, forecasting, decision analysis, simulation and probability models. You are also introduced to statistical software packages.
- Marketing Management (2 hours)
Introduces you to the marketing perspective on strategy development, to the elements of marketing analysis, and to the functional decision areas of the marketing manager including products and product lines, pricing policies, branding, promotion and advertising, and channels of distribution. The overall objective of this first course in marketing is to provide you with a structured approach to strategic marketing problems and decisions.
- Operations Management (2 hours)
This course provides an introduction to the issues and decisions involved in the production of goods and services. We study key aspects of operations management – process analysis, cost structure, inventory management, supply chain, quality, project management – and focus on interactions with marketing and finance. There is a heavy emphasis on making decisions in the face of uncertainty and we rely heavily upon some of the methodology and concepts provided in the core Statistics course.
- Managerial Economics (3 hours)
Composed of two segments: microeconomics and macroeconomics. The microeconomics component covers how individuals and firms make economic decisions. The macroeconomics component examines how changes in global economy impact managerial decision making.
- Strategic Career Planning (1 hour)
Guides you through MBA-level career choices and teaches job-search and transition skills that will help you both in school and career. Covers self-assessment, career choice, behavioral and case interviewing, successful marketing and networking techniques, job research tools and company-specific research, business writing, business etiquette and offer negotiation.
- Strategic Management (3 hours)
Examines topics like the role of the general manager, formulating business and corporate-level strategy, managing strategic change, strategy implementation, and developing general managers. The focus is on the function and responsibility of the general manager, whose primary tasks include developing and managing an overall strategy.
Flexible Core Program Requirements
In addition to the fundamental business knowledge garnered from the core classes, you will augment your leadership skills through a series of customizable course requirements emphasizing ethical leadership, global perspective and managerial proficiency.
- Analyzing the Business and Leading People Course Requirements
You will take one Analyzing the Business course in your first semester and two Analyzing the Business or Leading People courses in your second semester. These course requirements provide you with important managerial and leadership tools. Analyzing the Business courses cover topics such as Performance Management and Control, Decision Modeling and Analysis, Valuation and Market Analysis. Leading People courses cover topics such as Leading People and Organizations and Managing Human Capital.
- Global Requirement
To help develop a worldview of business, every Texas MBA fulfills a global requirement through program offerings and coursework highlighting global issues and challenges. This component is fulfilled through a variety of options including study abroad programs
, Global Connections courses
, international internships and a variety of global-minded course offerings through McCombs and other schools within the university.
- Responsibility and Integrity Requirement
Leaders must exhibit high levels of integrity and take responsibility for their actions as well as the actions of their organizations. Through this requirement you will integrate ethical and societal issues into your business education by choosing from a menu of courses covering the responsibility of business in society, ethical leadership, ethical decision-making and corporate governance.
- Work Experience Requirement
As you engage in experiential learning through this requirement, you will develop new skills and can demonstrate relevant expertise to prospective and sponsoring employers while completing your degree. You also can use these work opportunities to make more informed career choices having had a chance to work in your area of interest for a limited period of time.