Curriculum
The McCombs curriculum prepares students to lead, build, and manage enterprises that create value for stakeholders and constituencies in a dynamic, global economy. The hallmarks of the Texas MBA include a common educational experience that prepares all students for success, a collaborative rather than competitive learning environment, market-driven concentrations, and program flexibility.
The Basics Flexibility The Core The BasicsOur 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, the faculty seeks to instill these 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 Personal presentation skills FlexibilityUnlike many programs, our students are not required to choose a concentration. You have the option of customizing your own program based on your unique strengths and interests, your perceptions of what employers want, and your own conclusions about how best to prepare yourself for a successful career. And whether or not you pursue one of our established concentrations, our MBA academic advisors can help you chart the course of your degree program.
The CoreThe core consists of eight required classes (24 hours) taken during the first, second, and third semesters of the MBA program. Our students will have the opportunity to take four electives in the spring semester of their first year to begin to customize their degree.
First Year, Fall SemesterStatistics/Decision Analysis (3 hours)Presents a unified approach to basic concepts in collection, analysis, and interpretation of data, emphasizing capabilities of different statistical methods and business applications. Students are introduced to statistical software packages.
Financial Accounting (3 hours)Covers concepts and issues in the preparation and interpretation of financial statements and the use of financial information in evaluation and control of an organization.
Finance (3 hours)Examines the theory and practice of corporate finance. The focus of the course is on investment and financing decisions. Major topics include risk and return, valuation, asset markets and market efficiency, capital budgeting, capital structure, dividend policy, agency considerations, and derivative securities.
Microeconomics (1.5 hours)Provides an understanding of the micro-economic forces, both domestic and international, that influence management decisions and corporate performance. Topics include interest rates, economic policy, business cycles, input demand and supply, market structure, and externalities.
Operations (1.5 hours)Provides an introduction to the issues and decisions involved in the production of goods and services. More specifically, the course focuses on designing, operating, controlling, and improving the systems that accomplish production.
Marketing(3 hours)Studies three distinct marketing issues – market analysis, developing a marketing strategy, and constructing the appropriate marketing mix for a product. The course highlights the development of action strategies, development of products and services, establishment of effective pricing, determination of distribution intensity, and promotion of business solutions.
First Year, Spring SemesterStrategyExamines 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.
Plus a choice of four elective courses (12 hours)
Second Year, Fall SemesterManagerial Accounting (1.5 hours)This course introduces students to the types of managerial information used to effectively and efficiently run a business. The course covers (a) basic issues in costing, including activity based costing, (b) the generation and interpretation of information for planning and strategic decision making, including pricing, make-or-buy analysis, and cost-volume-profit analysis, and (c) the production and use of information related to performance measurement, including non-financial performance measures and the balanced scorecard.
Macroeconomics (1.5 hours)Provides an understanding of the macro-economic forces, both domestic and international, that influence management decisions and corporate performance. Topics include interest rates, economic policy, business cycles, input demand and supply, market structure, and externalities.
A choice of one of the following “Managing People” courses:
Art and Science of Negotiation (3 hours) Creating and Managing Human Capital (3 hours) Managing People and Organizations: Consultant’s Perspective(3 hours) Plus a choice of three elective courses (9 hours) Second Year, Spring SemesterA choice of five elective courses (15 hours)
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