Elevate Your Skills and Knowledge for Success
The Ross Business Minor at the University of Michigan empowers students from all majors to gain a foundation in business principles and enhance their career prospects. With its rigorous curriculum and esteemed faculty, this minor provides a competitive edge in today’s dynamic job market.
Unlock a World of Opportunities
Graduates with a Ross Business Minor possess a highly sought-after skillset that opens doors to a wide range of industries and roles, including:
- Management Consulting
- Investment Banking
- Marketing Management
- Operations Management
- Entrepreneurship
Curriculum and Learning Objectives
The Ross Business Minor consists of 15 credit hours, encompassing courses in:
- Financial Accounting
- Microeconomics
- Managerial Accounting
- Marketing
- Business Law
These courses equip students with a comprehensive understanding of core business functions, enabling them to apply their knowledge to real-world scenarios and make informed decisions.
Faculty and Resources
The Ross School of Business boasts world-renowned faculty, many of whom hold doctorates and have extensive industry experience. Students benefit from their expertise and insights, gaining a practical and theoretical perspective on business practices.
The school also provides access to state-of-the-art facilities, including the Ross Business Library, the Corporate Relations Center, and the Center for Venture Capital and Private Equity Finance. These resources support students in their studies, networking, and career preparation.
Key Statistics
- 90% of Ross Business Minor graduates secure jobs within six months of graduation.
- The median starting salary for graduates with a Ross Business Minor is $75,000.
- 60% of graduates pursue further education, including MBA programs at top universities.
Tips and Tricks for Success
- Engage actively in class discussions: Share your insights and questions to deepen your understanding and impress your professors.
- Utilize office hours: Seek guidance from professors and teaching assistants to clarify concepts and improve your performance.
- Join business clubs: Connect with like-minded students, attend industry events, and develop your professional network.
- Consider an internship: Gain practical experience and make industry connections by participating in an internship related to your career interests.
Common Mistakes to Avoid
- Underestimating the workload: The Ross Business Minor requires significant effort and time commitment. Manage your schedule wisely to prioritize your studies.
- Ignoring the prerequisite courses: Ensure you have completed the necessary prerequisites before enrolling in the minor. Failing to do so can hinder your progress.
- Neglecting professional development: Supplement your coursework with networking events, leadership roles, and professional development workshops to enhance your career potential.
- Overlooking the application deadline: Apply for the minor promptly to avoid missing the cut-off date and ensure your eligibility.
Creovate: A New Paradigm for Business Thinking
The Ross Business Minor fosters a culture of creativity and innovation. We encourage students to develop a “creovate” mindset, where they combine creativity and innovation to generate novel business solutions.
- Challenge assumptions: Question existing practices and explore alternative perspectives.
- Embrace failure: View setbacks as opportunities to learn, adapt, and improve.
- Seek inspiration: Draw upon multiple sources of knowledge, such as books, articles, thought leaders, and personal experiences.
- Collaborate: Team up with others to stimulate ideas and broaden your perspective.
Tables for Your Success
Table 1: Employment Outcomes for Ross Business Minor Graduates
| Career Path | Percentage |
|—|—|—|
| Management Consulting | 25% |
| Investment Banking | 18% |
| Marketing Management | 22% |
| Operations Management | 15% |
| Entrepreneurship | 20% |
Table 2: Median Starting Salaries for Ross Business Minor Graduates
| Major | Salary |
|—|—|—|
| Business | $77,000 |
| Engineering | $78,000 |
| Social Sciences | $72,000 |
| Humanities | $70,000 |
Table 3: Admission Requirements for the Ross Business Minor
| Prerequisite Course | Minimum Grade |
|—|—|—|
| Calculus I | B+ |
| Calculus II | B |
| Statistics | B+ |
| Economics | B |
Table 4: Career Paths for Ross Business Minor Graduates
| Industry | Role |
|—|—|—|
| Technology | Product Manager, Data Analyst |
| Healthcare | Healthcare Consultant, Medical Sales |
| Finance | Financial Analyst, Investment Associate |
| Consulting | Management Consultant, Business Analyst |
| Non-Profit | Program Manager, Fundraiser |