CREATE WEALTH FROM WISDOM
Students who like working with numbers and people to create and sustain financial plans are ideal for the minor in wealth management working with individual and institutional investors.
INFO SESSIONS AND DEADLINES
Please join us for an upcoming information session:
- Tuesday, September 27, 5:30-6:30 p.m. in CBA 3.304
- Wednesday, September 28, 5:30-6:30 p.m. in CBA 3.304
- Fall semester: October 15
- Summer semester: August 15
- Spring semester: April 10
- Aging “baby boomers” need retirement and estate planning
- Maturing “millennials” need insurance and investment planning
- Everyone benefits from enhanced financial education and literacy
Excellent Work/Life Balance
- Less travel than consulting and fewer hours than investment banking
- Competitive salaries and upward professional mobility
- Opportunities for entrepreneurship
Coursework in the McCombs Wealth Management Program helps students prepare for respected industry credentials such as:
- Certified Financial Planner
- Chartered Financial Consultant
- Chartered Financial Analyst
CHOOSING THE WEALTH MANAGEMENT CERTIFICATE
If you plan to graduate under the 2016-2018 or 2018-2020 Catalogs, the Wealth Management Certificate is for you.
The McCombs BBA degree with the Wealth Management Certificate will equip students with the perspectives, conceptual knowledge, and analytical skills necessary to participate successfully in myriad aspects of the Wealth Management industry. The Certificate supplements core courses taken by all business majors. Students complete additional coursework in financial and managerial accounting, statistics, economics, decision sciences, and business communication as part of their BBA curriculum.
The certificate is open to all undergraduate students in the Business School and is designed to help students prepare for participation in the Certified Financial Planner (CFP) certification program.
The Wealth Management Certificate requires 18 hours of coursework. Students must fulfill all prerequisite requirements before registering for any of these courses.
ACC 364: Fundamentals of Taxation
Restricted to students in a business major. Introduction to the role of taxes in contemporary society and their impact on individuals and business entities; emphasis on federal income taxation. Three lecture hours a week for one semester. Only one of the following may be counted: Accounting 355, 364, 380K (Topic 11: Introduction to Taxation). Prerequisite: Accounting 311 or 311H, and 312 or 312H, with a grade of at least C- in each.
FIN 367: Investment Management
Restricted to students in a business major. Investment theory, alternatives, and decision making under differing uncertainties and constraints; formulation of objectives and strategies; development of conceptual managerial perspectives and philosophies for investment environments. Three lecture hours a week for one semester. Finance 367 and 367Q may not both be counted. Prerequisite: Finance 357 or 357H; and credit or registration for Statistics 371G, 371H, 375, or 375H.
ACC 378.3/FIN 372.3: Financial Planning for Wealth Management
Restricted to students in a business major. Introduction to basic concepts of personal wealth management and financial planning, including insurance and risk management, investment management, tax planning, estate planning, and retirement planning. Designed for upper-level finance and accounting majors interested in a career in financial services or MPA students with interest in this area of the accounting profession. Only one of the following may be counted: Accounting 378 (Topic: Financial Planning for Wealth Management), 178 (Topic 3), 278 (Topic 3), 378 (Topic 3), 180K (Topic 24), 280K (Topic 24), 380K (Topic 24), Finance 172 (Topic 3), 272 (Topic 3), 372 (Topic 3), 377 (Topic: Financial Planning for Wealth Management). Offered on the letter-grade basis only. Additional prerequisite: Credit for Finance 357 or 357H; credit or registration for 367 is recommended.
Students should carefully choose electives and consult their academic advisor(s).
FIN 371M: Money and Capital Markets
Restricted to students in a business major. Development of modern financial markets, with emphasis on the factors that determine interest rates; institutional characteristics and pricing mechanisms of various interest-sensitive securities. Three lecture hours a week for one semester. Prerequisite: Finance 357 or 357H.
FIN 377.1: Advanced Investment Analysis: Portfolio Analysis and Management
Restricted to students in a business major. Second course in investments, with emphasis on quantitative applications and the underlying theory in the analysis and management of securities and portfolios. Three lecture hours a week for one semester. May be repeated for credit when the topics vary. Prerequisite: Finance 357 or 357H; Additional prerequisite: Finance 367.
CMS 332K: Theories of Persuasion
A study of motivational factors involved in persuasive speaking to secure belief and action. Three lecture hours a week for one semester. Prerequisite: Upper-division standing.
LEB 370.15: Intergenerational Wealth Transfers
Restricted to students in a business major.
Selected topics on legal constraints affecting managerial decision-making and business behavior. Explore planning and management of wealth and estates through the use of wills, trusts, and gifts; intestacy, guardianships, marital property systems, and prenuptial agreements.
Prerequisite: Thirty semester hours of undergraduate coursework; additional prerequisites vary with the topic.
RM 377: Property-Liability Risk Management and Planning
Analysis of property-liability risks of businesses, risk management tools, risk financing, and insurance contracts for financial planning purposes; investment and underwriting operations, market structures, and insurance regulation. Three lecture hours a week for one semester.
MKT 372 Marketing Seminars
Restricted to students in a business major. For each semester hour of credit earned, one lecture hour a week for one semester. May be repeated for credit when the topics vary. Prerequisite: Marketing 337 or 337H; additional prerequisites vary with topic.
Topic 11: Brand Management. Addresses the strategic importance of branding and concepts, frameworks, and strategies for building, leveraging, and defending strong brands. Current opportunities and challenges in a variety of industries and markets, including consumer packaged goods, business-to-business, services, technology, online, and global. Marketing 372 (Topic: Brand Management) and 172, 272, 372 (Topic 11) may not both be counted.
Topic 17: Consumer Behavior in a Digital World. Examines the core psychological processes underlying consumer decision-making and behavior, and the impact of recent technological advancements on consumer behavior in on and offline environments. Marketing 372 (Topic: Consumer Behavior in a Digital World) 372 (Topic 17) may not both be counted.
Topic 21: Strategic Product Management. Explores the principles of product management including identifying new growth opportunities, assessing the health and profitability of a product portfolio, developing new products, and positioning and repositioning of current products. Analytical tools, case discussions, and real-world derived projects will be the key learning tools. Marketing 372 (Topic: Strategic Product Management) and 172, 272, 372 (Topic 21) may not both be counted.
APPLYING FOR THE CERTIFICATE
Not available to economics majors. Admission to the program 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 wealth management, and overall UT grade point average.
- For Spring semester: October 15; January 5
- For Summer and Fall semesters: April 10; August 15
The Wealth Management credential is available to all business majors. 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.
Applying for the Wealth Management Certificate
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 apply.
IMPORTANT: Attaching Your Minor to Your Degree Profile
Once admitted to the certificate program, you must contact your academic advisor to have the Wealth Management Certificate attached to your degree profile. This is an essential step in the process. The credential cannot be awarded to a student upon graduation if it has not been added to the student's degree profile.