Concentrations represent some of the areas of strength, excellences and depth within the curriculum. Students have the option of earning a maximum of two concentrations and the completion of each concentration will be certified on the studentâs transcript.
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.Â
The concentration in energy provides commercial acumen and leadership perspective to students who have a technical background and develops their capability for taking additional responsibilities and higher-level management roles at companies in the energy and oil and gas sector. Courses in finance, operations, and product/customer focus are widely regarded as conduits to leadership positions in energy industry midstream and upstream organizations. Learn more aboutÂ how the concentration in Energy provides students with a profound examination of crucial topics that define the scope of this dynamic sector.
The concentration in entrepreneurship provides students a framework for establishing, growing and modeling a business. The required courses equip students with the tools and processes for starting a business. The remaining courses allow students to select specific entrepreneurial topics suited to their objectives. Learn more about our excitingÂ Entrepreneurship@Rice initiative. Â
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.
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 different inter-locked sectors (providers, hospitals/small practices, payers, pharmaceutical, biotechnology) of the health care industry, and how the different dynamics in these sectors make it uniquely health care. Learn more about our Health Care@Rice University initiatives.Â
The concentration in marketing prepares students for careers in strategic marketing across a wide range of organizations, markets and industries. It provides critical knowledge for understanding and analyzing customers, and emphasizes the development of requisite quantitative and conceptual skills for contributing to the firmâs overall success. Among the career trajectories for which students will be prepared are product management, customer analytics and customer insights and management consulting.
Apart from the marketing concentration, selected marketing courses are particularly valuable preparation for careers in consulting, strategy, operations, financial services and investment banking. These include Customer Analytics, Marketing Analytics and Customer Relationship Management.
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. 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 forâprofit or not forâprofit 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.
The concentration in operations management presents students with a framework for design, planning, control, coordination and improvement of business processes, systems and resources essential to meet consumersâ needs. Instead of the technical engineering view of operations, the focus is on managing the business well. The required courses provide students with a deeper understanding of the match between the firmâs operational competencies, processes and supply chain and desired business strategies. The elective courses aim at sharpening the skills in more specific industry and firm domains.Â
The concentration in real estate prepares students for a career in the real estate industry. Â The required course, MGMT 659, introduces a series of basic business concepts commonly used in the real estate industry and it covers in details the application of the discounted cash flow model to real estate decisions. The elective courses provide for both a depth and breadth of understanding of the industry.
The concentration in strategic management prepares students for careers in strategic planning, management consulting and global business management across a variety of industries such as health care, energy, high tech, consumer products and professional services. It provides analytic tools for students to understand why some companies are financially much more successful than others and to analyze how executives (at different levels) can devise a set of strategies and design processes that allow their companies to achieve competitive advantage.
Beyond the essential analytical frameworks and skills in strategic management, the concentration offers students the opportunity to develop expertise in a number of areas including strategic alliances, merger and acquisition, global market entry and management, strategy and business model innovations, organizational change, and corporate entrepreneurship.