Degree Concentrations

MBA candidates have the option to complete a maximum of two concentrations within the general management curriculum. While concentrations are not required in order to graduate, students who choose a concentration will be able to demonstrate specialized knowledge of a particular business function or industry, based on their career direction. Concentrations consist of 9 to 12 credit hours of coursework and are reflected on the MBA transcript.

Concentration in Accounting

The concentration in Accounting provides a broad understanding of the use and importance of accounting information to decision makers within the firm and to external users of financial statements. The core financial and management accounting courses provide a basic understanding of accounting principles. Completion of the concentration in accounting will serve to reinforce the fundamental concepts from the core and to provide additional insight into accounting processes and principles and enhance the ability to analyze and interpret accounting reports.

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Course Requirements
Must complete at least 9.0 credit hours from any combination of the following
courses:
  • MGMT 503 Management Control* (1.5 hours)
  • MGMP 601 Using Financial Statements to Evaluate Firm Performance** (1.5 hours)
  • MGMT 601 Financial Statement Analysis** (3.0 hours)
  • MGMP 603 Federal Taxation (1.5 hours)
  • MGMT 603 Federal Taxation (3.0 hours)
  • MGMT 606 Corporate Financial Reporting: US GAAP & IFRS (1.5 hours)
  • MGMT 632 Issues in Financial Reporting & Control (1.5 hours)
* MGMT 503 Management Control only counts towards the concentration if it is not used to satisfy the Custom Core requirement.

** Students who elect to count MGMP 601 Using Financial Statements to Evaluate Firm Performance towards this concentration may not also apply credit from MGMT 601 Financial Statement Analysis.

Concentration in Energy

The concentration in Energy develops a student’s perspective and understanding of management issues in the energy industry. “Fundamentals of the Energy” Industry covers production, transportation, refining and distribution of different energy commodities. Students also take courses in three areas related to the energy industry: (1) global economic environment, (2) management in the energy industry, and (3) geopolitics.

Students pursuing the concentration are also encouraged to participate or take leadership positions in energy‐related extra‐curricular activities:

  • International trips (January)
  • International Energy Simulation (March)
  • Rice Energy Finance Summit (October)
  • Internship in an energy related field

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Course Requirements 
Must complete at least 9 credit hours from any combination of the following courses:

Required courses:

  • MGMT 610A Fundamentals of the Energy Industry (1.5 hours)
  • MGMT 611 Geopolitics of energy (1.5 hours)

At least one of the following courses (if not already taken for the Custom Core requirement)*:

  • MGMT 541 Economic Environment of Business* (1.5 hours)
  • MGMT 561 Business‐Government Relations* (1.5 hours)

Elective courses:

  • MGMT 609 Managing in a Carbon Constrained World (1.5 hours)
  • MGMT 610B Energy Market Organization (1.5 hours)
  • MGMT 612 Competition, Carbon & Electricity Policy (1.5 hours)
  • MGMT 628 Entrepreneurship in the Energy Industry (1.5 hours)
  • MGMT 656 Energy Derivatives (3.0 hours)
  • MGMT 669 Business Strategy in the Energy Industry (1.5 hours)
  • MGMT 745 International Energy Development (1.5 hours)

* MGMT 541 Economic Environment of Business and MGMT 561 Business‐Government Relations only count toward the concentration if they are not used to satisfy the Custom Core requirement.

Concentration in Entrepreneurship

The concentration in Entrepreneurship presents a framework for being an entrepreneur. The required courses, The New Enterprise and Enterprise Exchange, provide students with a process for starting a business, and buying and selling a company. The remaining courses allow students to select specific entrepreneurial topics in which they might be interested.

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Course Requirements
Must complete at least 9 credit hours from the following courses.

Required courses:

  • MGMT 621 The New Enterprise (3.0 hours)
Elective courses:
  • MGMT 623 Entrepreneurship in Biotechnology (1.5 hours)
  • MGMT 624 Real Estate (3.0 hours)
  • MGMT 625 Creative Entrepreneurship (1.5 hours)
  • MGMT 626 Venture Capital (1.5 hours)
  • MGMT 627 Enterprise Exchange (3.0 hours)
  • MGMT 628 Entrepreneurship in the Energy Industry (1.5 hours)
  • MGMT 629 Business Plan Development (1.5 hours)
  • MGMT 631 Sales Management for Entrepreneurs (1.5 hours)
  • MGMT 633 Life Science Entrepreneurship & the Roles of Founders & Venture Capital in High Tech Start‐ups (1.5 hours)
  • MGMT 634 Commercializing Technology in Developing Countries (1.5 hours)
  • MGMT 734 Technology Entrepreneurship (3.0 hours)
  • MGMT 741 Managing Growth (1.5 hours)
  • MGMT 748 Intl. Business Briefing ‐ Technology Commercialization in Developing Countries (1.5 hours)

 

Concentration in Finance

The Finance Concentration provides students with a broad foundation in financial management principles and an opportunity for further specialization. Students are required to complete the primary finance electives in the MBA program and Financial Statement Analysis. Students supplement these foundational courses with at least two more specialized offerings from a list of approved courses.

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Course Requirements
Must complete at least 12.0 credit hours from the following courses:

Required courses (9 hours):
  • MGMT 601 Financial Statement Analysis (3.0 hours)
  • MGMT 642 Futures & Options I (1.5 hours)
  • MGMP/T 645 Investments I (1.5 hours)
  • MGMT 646 Corporate Investment Policy (1.5 hours)
  • MGMT 648 Applied Finance (1.5 hours)
Elective courses:
  • MGMT 630 Financial Markets (1.5 hours)
  • MGMT 643 Wright Fund I * (3.0 hours)
  • MGMT 647 Corporate Financial Policy (1.5 hours)
  • MGMT 650 Futures & Options II (1.5 hours)
  • MGMT 651 Fixed Income Management (3.0 hours)
  • MGMT 652 Mergers & Acquisitions (1.5 hours)
  • MGMT 653 Cross Border Investments (1.5 hours)
  • MGMT 655 Financial Strategy (1.5 hours)
  • MGMT 656 Energy Derivatives (3.0 hours)
  • MGMT 657 International Finance (1.5 hours)
  • MGMT 658 Financial Risk Management (1.5 hours)
  • MGMT 659 Real Estate Finance (3.0 hours)
  • MGMT 663 Investments II (1.5 hours)
* The two course Wright Fund curriculum (MGMT 643 Wright Fund I and MGMT 644 Wright Fund II) count as one course toward the concentration. Since all students must take MGMT 643 Wright Fund I, this is the listed course number.  

Concentration in Global Business

The concentration in Global Business prepares students for globalized commerce. No business escapes the effects of globalized commerce. From sourcing, staffing, financing, and developing ideas to reaching customers, today’s managers must consider the entire world to manage their business. Managers who are able to create advantage from such a complex and far‐reaching world are likely to enjoy success while those who do not are likely to fail. The concentration draws upon coursework from several functional areas as well as courses taken outside the Jones School.

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Course Requirements
Must complete at least 9.0 credit hours from the following courses.

Required course:

  • MGMT 713 Strategic Issues for Global Business (1.5 hours)
Elective courses:
  • MGMT 541 Economic Environment of Business* (1.5 hours)
  • MGMT 611 Geopolitics of Energy (1.5 hours)
  • MGMT 635 Social Enterprise in Developing Countries (1.5 hours)
  • MGMT 653 Cross Border Investments (1.5 hours)
  • MGMT 657 International Finance (1.5 hours)
  • MGMT 661 International Business Law (3.0 hours)
  • MGMT 668 International Trade (1.5 hours)
  • MGMT 702 Mexico Study Abroad (1.0 hours)
  • MGMT 720 Strategy and Managing International Strategic Alliances (1.5 hours)
  • MGMT 748 Intl. Business Briefing ‐ Technology Commercialization in Developing Countries (1.5 hours)
  • MGMT 786 International Trip (China) (1.5 hours)
  • MGMT 789 International Trip (India) (1.5 hours)
  • MGMT 797 International Trip (South America) (1.5 hours)
Other eligible courses:
Students can take up to 3.0 credits (at the graduate level) from other schools of Rice University. Students can select from a list of approved courses maintained by the MBA program office which will be posted on OWL‐Space, or they can petition the Curriculum Committee to add a new course to the list.

* MGMT 541 Economic Environment of Business only counts toward the concentration if it is not used to satisfy the Custom Core requirement.  

Concentration in Health Care

The focus of the concentration in Health care is to provide students with an understanding of how management principles are interpreted and applied in the healthcare industry, and how different healthcare settings (pharmaceutical, hospital, and small practices) gives students an overview of the context that is uniquely healthcare.


More Information

 

Concentration in Management Consulting

The concentration in Management Consulting prepares students for careers as consultants. Students that choose consulting as a long‐term career path enjoy solving problems and tend to have a strong analytical skills as well as the ability to integrate and synthesize a wide variety of information. In the business world, management consultants are the “jack‐of‐all‐trades”. They advise corporations and other organizations regarding an infinite array of issues related to business strategy. They analyze a business problem from various angles and develop preliminary hypotheses for its cause. Then they study their hypotheses and either recommend a solution and present it to the client or implement it. The consultant’s main focus is to make the client’s business more competitive and more efficient.

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Course Requirements 
Must complete at least 9 credit hours from Group I courses listed below, and either (a) a concentration in one of the functional areas, or (b) 6.0 credit hours from Group II courses listed below.

Group I: Concentration Core

  • MGMT 618 Complexities of People & Organizations (1.5 hours)
  • MGMT 701 Management Consulting (1.5 hours)
  • MGMT 713 Strategic Issues in Global Business (1.5 hours)
  • MGMT 720 Strategy & Managing International Strategic Alliances (1.5 hours)
  • MGMT 723 Strategic Management of Professional Service Firms (1.5 hours)
  • MGMT 770 Consultative Selling (1.5 hours)
Group II: Concentration Depth
  • MGMT 503 Management Control** (1.5 hours)
  • MGMT 574 Operations** (1.5 hours)
  • MGMP 601 Using Financial Statements to Evaluate Firm Performance*** (1.5 hours)
  • MGMT 601 Financial Statement Analysis*** (3.0 hours)
  • MGMT 648 Applied Finance (1.5 hours)
  • MGMT 680 Customer Analytics for Satisfaction & Loyalty (3.0 hours)
  • MGMT 682 Pricing Strategies (1.5 hours)
  • MGMT 686 Marketing Research (1.5 hours)
** MGMT 503 Management Control and MGMT 574 Operations only counts towards the concentration if it is not used to satisfy the Custom Core requirement.

*** Students who elect to count MGMP 601 Using Financial Statements to Evaluate Firm Performance towards this concentration may not also apply credit from MGMT 601 Financial Statement Analysis.

 

Concentration in Marketing

The concentration in Marketing prepares students for careers in the field by providing exposure to critical perspectives and developing requisite skills for managing the marketing function. Among the specific career trajectories for which students will be prepared are brand/product management, marketing research and analytics, pricing, new products, marketing communications and direct marketing, and promotion.

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Course Requirements
Must complete at least 12.0 credit hours from any combination of the following courses:

  • MGMP 684 Brand Management (1.5 hours)
  • MGMP 689 Marketing Decision Models (1.5 hours)
  • MGMT 639 Marketing Professional Services (1.5 hours)
  • MGMT 680 Customer Satisfaction & Loyalty (3.0 hours)
  • MGMT 681 Marketing Communications (1.5 hours)
  • MGMT 682 Pricing Strategies (1.5 hours)
  • MGMT 686 Marketing Research (1.5 hours)
  • MGMT 687 Marketing Strategy (1.5 hours)
  • MGMT 689 Marketing Decision Models (3.0 hours)
  • MGMT 692 Customer Relationship Management (1.5 hours)
  • MGMT 770 Consultative Selling (1.5 hours)
  • MGMT 771 New Media: Doing Business in the Digital Age (1.5 hours)
 

Concentration in Mastering Creativity and Innovation

Creativity in business is the production of novel, useful, and ethical ideas concerning products, services, and processes. Innovation is the implementation of creative ideas and practices throughout an organization. Because creativity and innovation are essential skills for a wide variety of companies in different kinds of industries to gain competitive advantage, this concentration will tremendously benefit students whatever functional areas or industries in which they are interested in pursuing a career.

The concentration will provide students with a theoretical understanding of creativity, innovation, and entrepreneurial behaviors within the organization as a coherent management process and a set of conceptual frameworks that can be applied to the creation, identification, analysis, and implementation of new ideas and new ventures within firms. It will also provide students with analytic frameworks and tools to examine the patterns and sources of technological change and the mechanisms for capturing the economic benefits from innovation. Students will also learn to explore the many dimensions of entrepreneurial behaviors, venture creation, and new business development in for‐profit or not for‐profit organizations. Last, it will help students develop and strengthen managerial skills to nurture and promote creativity in their employees, and link creativity with innovation and entrepreneurial behaviors within their organizations.

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Course Requirements
Must complete at least 9.0 credit hours from the following courses.

Required courses:

  • MGMT 625 Creative Entrepreneurship (1.5 hours)
  • MGMT 734 Technology Entrepreneurship (3.0 hours)
Elective courses:
  • MGMT 618 Complexities of People and Organizations (1.5 hours)
  • MGMT 621 The New Enterprise (3.0 hours)
  • MGMT 629 Business Plan Development (1.5 hours)
  • MGMT 678 U.S. Health Care Management (1.5 or 3.0 hours)
 

Concentration in Real Estate

The concentration in Real Estate prepares the students for a career in the real estate industry.

** Pending faculty approval, students in the class of 2014 (and after) will need to complete at least 12.0 credit hours to earn the concentration. **

MGMT 659 is a required course. It introduces a series of basic concepts commonly used in the real estate industry, it covers in details the application of the discounted cash flow model to real estate decisions, and overviews the structures of the securities related to real estate that are usually traded in the capital market.

MGMT 624 is also a required course. This course brings a series of guest speakers into the classroom to discuss a specific case or concept while providing real world experience through a required development project that requires a team of students to identify a development opportunity, perform market research, identify and define the end‐user, and provide a marketing strategy for the end product.

In addition to the above required courses, students must also complete at least 6 credit hours of real estate elective courses.

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Course Requirements
Must complete at least 12.0 credit hours from the following courses:

Required courses:

  • MGMT 624 Real Estate (3.0 hours) 
  • MGMT 659 Real Estate Finance (3.0 hours) 
Elective courses:
  • ARCH 691 Urban Design & Investment Building Design Studio (3.0 hours) 
  • MGMT 654 Real Estate Capital Markets, Private & Public (1.5) 
  • MGMT 660 Real Estate and the Law (1.5 hours) 
  • MGMT 716 Innovation in the Design & Construction Industry (3.0 hours) 
  • MGMT 718 Real Estate Marketing (1.5 hours) 
  • MGMT 746 Real Property (1.5 hours)