Minor in Business
The Minor in Business application for Fall 2014 is now available. Please review the information in the following paragraphs for important detail regarding the Minor in Business experience and application process. The application must be submitted in one visit, though you are welcome to review the initial page, which re-states some of the information contained here. Click here to access the Minor in Business application.
The Minor in Business is designed for students who would like to complement their non-business undergraduate major with business knowledge. It will add value to many technical and nontechnical majors across campus. The minor curriculum provides a broad introduction to fundamental business concepts through a cohesive set of courses. The curriculum will enable non-business students to integrate business concepts, skills, and perspectives into their declared majors while applying and building upon the analytical, quantitative, and leadership skills they have already developed.
Students are encouraged to attend one of our Minor in Business information sessions located in the Ross School's Blau Auditorium. Please register here.
To be eligible to apply for admission to the minor, students must meet the following criteria:
- Complete the prerequisites listed below by the end of the Winter term in which they are applying.
- Have junior standing or above (55 CTP +) by the end of Winter term in which they are applying. While students with junior standing are encouraged to apply, we strongly encourage students to apply at the end of their sophomore year.
- Be enrolled in one of the following undergraduate degree programs in a school at UM-Ann Arbor that has approved the minor for its students:
- College of Engineering
- College of Literature, Science, and the Arts
- Gerald R. Ford School of Public Policy
- Penny W. Stamps School of Art & Design
- School of Dentistry (Dental Hygiene)
- School of Kinesiology
- School of Music, Theatre & Dance
- Taubman College of Architecture and Urban Planning
- School of Nursing
- School of Information
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. Following a pre-screening of applicants to verify eligibility, admission decisions will be based on a holistic review of the application form, transcript, resume, and two short essays.
We conduct a holistic review of each application, and there is no formula to define who makes a successful candidate. Interviews and recommendation letters are not part of the admission process. In general, we are looking for:
Good grades in challenging academic schedules
Keep mandatory credit/no-credit courses to a minimum. In the case of optional pass/fail courses, we have access to the actual letter grade you earned and will consider that when reviewing your application.
Quality Extracurricular Experiences
Put your unique passions into practice. We value all kinds of activities, not just those related to business.
Look for ways to take initiative or assume responsibility, whether or not you have a formal leadership position.
Commitment over time
- We look for quality of involvement, not just quantity of activities.
- We consider and give priority to activities you've participated in while at U-M.
Compelling Application Essays
Why are you applying to the Minor in Business? Considering your own interests and passions, what led you to conclude that the Minor in Business combined with your current major is the optimal educational path for you? (300-500 words)
Please introduce yourself to your future Ross classmates. (100-150 words)
Provide specific examples that highlight your best, most unique qualities.
All applicants to the Minor in Business must complete the following requirements by the end of the Winter term in the year they apply. We will access and evaluate minor applicants' U-M transcripts after Winter term grades have been posted. Any transfer or test credits you wish to have considered must appear on our U-M transcript by the end of the Winter term.
MATH 105, 115, or 120
- College credit for Pre-Calculus, Calculus I, Calculus II, or Calculus III is required.
- Includes AP credit for Math 120
- Includes IB, A-level, or transfer credit for an exact U-M course equivalent (not departmental credit, e.g., Math 101X)
- Students who have upper level Calculus MATH courses or Honors Calculus will meet this requirement.
First Year Writing Requirement or ENGR 100
ECON 101 Microeconomics
- Must be completed by graduation
- Includes IB, A-level, or transfer credit for the exact U-M course equivalent (not departmental credit, e.g., ECON 101X)
- AP credit will NOT fulfill this requirement
- Can be completed for a letter grade or as pass/fail
- ECON 401 will also fulfill the ECON 101 corequisite requirement
The Minor in Business curriculum consists of 15 credit hours and has flexible core and elective components. Eligible courses taken prior to acceptance to the minor can be used to fulfill the 15 credit hour requirement; however, applicants are not required to complete any of the 15 credit hours prior to admission. Only those students who are accepted to the minor via the admission process will be eligible to have the Minor in Business listed on their University record, regardless of coursework completed. Students admitted to the minor must complete all minor requirement courses for credit and for a grade (may not be taken pass/fail). A minimum cumulative GPA of 2.000 is required within the minor coursework.
1 The MATH 105, 115, or 120 prerequisite may be satisfied by AP, IB, A-level, or upper level Calculus MATH courses at UM-Ann Arbor.
2 Students admitted to the Minor in Business will work with a Minor advisor in
the Ross School of Business Office of Undergraduate Programs to determine the appropriate Action-Based Learning and elective coursework.
CORE REQUIREMENTS (12 credits; can be completed in any order):
- 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 Business Strategy (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)
- STRAT 392 Dynamic Capabilities Through Corporate Development (3)
- STRAT 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)
Completion of any of the following courses prior to Fall 2012 will substitute as follows:
- ACC 271 for ACC 300; ACC 272 for ACC 301; BIT 311 for TO 311; FIN 300 for FIN 302; MO 300 for MO 302; OMS 311 for TO 302
Elective Options (3 credits minimum required):
Students must complete a minimum of 3 credits of electives from the following list (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)
- STRAT 310 The World Economy (3)
- STRAT 361 International Management (3)
- STRAT 411 Corporation in Society (3)
- STRAT 417 Behavioral Processes of Strategic Management (3)
- TO 311 Decision Support with Excel (3)
- TO 410 Supply Chain Management (3)
View course descriptions here.
After admittance to the Minor in Business, students will work with an academic adviser in the Ross School of Business Office of Undergraduate Programs to officially declare the minor, develop a plan of study, and release the minor upon graduation.
Dates & Deadlines
Application Deadline: 11:59 p.m. EDT, May 31
The Minor in Business application is available online in late March. There are no exceptions to the deadline of 11:59 p.m. EDT, May 31. We strongly recommend you submit the application several days before the deadline to avoid last-minute problems. You will receive a confirmation email when we receive your application.
The application must be submitted electronically. Make sure you have uploaded the correct essays and resume. Please note that resumes must be in a Word doc or PDF format. We will not accept websites or other portfolios in lieu of a resume. Be sure to submit only your completed application. Once you submit your application, you may not alter or add to it in any way.
Notification Date: late July
We will communicate your admission decision online by late July. If admitted, you will then have one week to accept your offer of admission. Be sure to check your email (including spam filters and inboxes) throughout the month of July.
Minor in Business Orientation
Newly admitted students are expected to attend a Minor in Business Orientation session during the first week of class during the Fall term. Students will receive more information about Orientation after they accept their admission offer.
Contact BusinessMinor@umich.edu. Admitted students may schedule a Minor in Business advising appointment.