Minors in Business

The following minors in business are designed to provide an opportunity for both non-business and business students to supplement their own area of expertise:

• Accounting
• Finance
• General Business Administration (for non-business majors only)
• Human Resource Management
• International Business
• Management of Information Systems
• Marketing
• Operations Management

In adding a minor to their course of study, students can open both career and educational opportunities. For example, non business students who may in the future enter a Masters of Business Administration program could satisfy part of the foundation requirements with business courses included in the minor. Business minors may make the non-business student more prepared and marketable in a particular career path. For business students, one of the minors can similarly broaden career opportunities and enable them to explore areas of future interest.

Admission to the Minor

Application for admission should be made to the Minor Coordinator. Admission to any of the minors is on a competitive basis. For both business and non-business students admission to a minor requires an overall GPA of 2.5 or higher and good academic standing in one’s major.

Minor Requirements

Business minors require the completion of 21 or 24 credit hours (depending on the minor), consisting of 12 credits in foundation courses and the remainder in the specified subject area of the minor. The international minor is a special case where, in addition to 21 credits of foundation and elective courses, students are required to demonstrate proficiency in a foreign language and complete an experiential requirement.

The minor will be awarded with the diploma, providing that the student has at least a 2.5 GPA in the minor course requirements. All prerequisites to foundation and required courses apply.

Foundation courses:

• ECO 231 Principles of Microeconomics
• ACT 211 Principles of Accounting I
• MKT 311 Principles of Marketing
• MGT 311 Organizational Behavior

Subject area courses in the minor

Minor in Accounting

An important objective of the minor is to give students an understanding of how financial information is identified, measured and communicated to managers within an organization, and to investors, creditors and government agencies. Studentswill also learnhow accounting is used in making rational and ethical operating, investing and financing decisions.

Required

• ACT 212 Principles of Accounting II

Elective (three of the following)

• ACT 311 Intermediate Accounting I
• ACT 351 Cost Accounting
• ACT 355 Accounting Information Systems
• ACT 401 Auditing
• ACT 411 Taxation
• ACT 431 Advanced Managerial Accounting

Minor in Finance

A minor in finance will provide students with a broad understanding of the principles and practices needed to make financial decisions in corporations, institutions and the management of investments. Students will develop an array of analytical skills and sharpen their knowledge of how financial institutions and markets function in a global environment.

Required

• FIN 312 Business Finance
• FIN 383 Investment Analysis
• Fin 493 Financial Management of Corporations

Elective (one of the following)

• FIN 385 Applied Capital Budgeting
• FIN 398 Financial Institutions
• FIN 494 International Financial Management

Minor in General Business Administration (Non-Business Majors Only)

The minor in General Business is designed for students whose objective is to acquire an understanding of business essentials to supplement their own area of expertise. Students will be exposed to the foundations of business and also explore advanced topics as desired.

Required

No specific requirements beyond the 4 foundation courses listed previously.

Elective (three of the following)

• ACT 212 Principles of Accounting II
• MIS 315 Information Systems
• FIN 312 Business Finance
• MGT 312 Legal Framework of Business
• POM345 Operations Management
• MGT 365 Managing People: Theory and Practice

Minor in Human Resource Management

The objective of the minor is to provide students with a basic understanding of the knowledge and skills to effectively manage human resources in a wide variety of organizations, including entrepreneurial ventures and non-profits. Students will also be able to pursue contemporary topics such as work teams and managing diversity and change.

Required

• MGT 336 Management History and Theory
• MGT 365 Managing People: Theory and Practice
• MGT 443 Human Resource Development

Elective (one of the following)

• MGT 431 Developing and Managing Work Teams
• MGT 452 Human Resource Law
• MGT 461 Organizational Development
• MGT 462 Managing Diversity

Minor in International Business

The International Business Minor offers a unique opportunity for students to gain exposure to international business through a combination of coursework, international experience and language. The minor is open to business students as well as non-business students who complete the necessary business foundation courses and any prerequisites that may apply.

In addition to 21 credit hours of coursework, students must complete a foreign language requirement of their choice at the intermediate level (1), and complete an international experience in one of the following ways:

• UMD/CCB sponsored course that has an authorized overseas stay
• A semester or summer abroad at a partner university
• An approved international internship dealing with trade assistance

Subject area course in the minor

Elective courses in Economics or Political Science (two of the following)

• ECO 371 International Trade
• ECO 372 International Finance
• PSC 161 Intro to International Relations
• PSC 381 Contemporary International Relations

Elective in business (one from the following)

• MGT 420 International Management
• MKT 420 International Marketing
• FIN 494 International Financial Management

(1) Students may elect to test out of this requirement by application to the international program coordinator.

Minor in Marketing

All business and organizational professionals are involved in the development of marketing strategy and decisions. The objective of the minor is to give students a basic understanding of how marketing strategy is planned and implemented and an opportunity to gain skills in a variety of special areas such as sales, advertising and marketing research.

Required

• MKT 441 Marketing Management

Elective

Any 3 marketing courses, excluding MKT 311 and MKT 441, allowing students to develop an emphasis in sales, advertising or marketing research.

Minor in Management Information Systems

The effective application and management of information technologies is crucial to the success of enterprises and institutions. The objective of this minor is to provide students with an understanding and skills in the analysis and design of systems, networks, web solutions; and leveraging the power of data to support business decisions.

Required

• MIS 315 Information Systems
• MIS 322 Business Systems Analysis and Design
• MIS 432 Database Design and Implementation

Elective (one of the following)

• MIS 312 Web Based Application Development and Advanced Programming
• MIS 341 Data Communication and Networks
• MIS 461 Management of Information Systems
• MIS 481 Electronic Commerce/Electronic Business

Minor in Operations Management

The minor in operations management develops an understanding of the processes and methods of organizing activities, materials and staff to effectively manage the flow of goods or services from suppliers to customers. Students will have the opportunity to develop analytical and quantitative tools applicable to a broad range of organizations.

Required

• POM 345 Operations Management

Elective (three of the following)

• POM415 Applied Decision Models
• POM425 Materials Management
• POM446 Process Design and Management
• POM465 Logistics and Supply Management