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Become an Effective Leader

Undergraduate Family Business Program

Invest in the Future of Your Family Business

When family and business overlap, unique opportunities and challenges arise. Major in Family Business at St. Thomas, and gain the knowledge and skills to be a strategic, effective part of your family’s firm. Through our practical, hands-on curriculum, you will:

  • Learn to analyze business performance to make strategic decisions
  • Gain conceptual tools for family business planning and organizing
  • Learn to craft mission, values and policy statements
Our highly engaged faculty and small class sizes ensure that you receive plenty of individual attention, and your faculty advisor offers guidance and support. St. Thomas family business courses focus on applying knowledge to your family firms. To help you put these concepts to work, we encourage parents and other family members to audit classes alongside you. They’re also invited to read your class materials and collaborate on your course assignments. Invest in your career and the future of your family’s firm with a BA in Business and Family Business major.

Program Overview

  • Courses
  • Four-Year Plan
  • Degree Awarded
  • Tutoring
  • Internships
  • Courses

    As an undergraduate Family Business major, you’re required to take core courses, concentration courses related to their major, and allied courses, which take place outside of the Opus College of Business.

    Business Core Courses

    ACCT 100 Principles of Accounting I
    BUSN 100 Business for the Common Good
    ENTR 100 Introduction to Entrepreneurship & Innovation
    ACCT 200 Principles of Accounting II
    BETH 300 Principled Business
    BLAW 300 Law for Business Leaders
    BUSN 200 Business Learning Through Service
    FINC 310 Core Financial Management
    MGMT 302 Working in Organizations
    MKTG 200 Introduction to Marketing
    OPMT 300 Operations and Supply Chain Management

    Concentration Courses

    ENTR 349 Family Business Ownership
    ENTR 449 Family Business Innovation and Entrepreneurship
    BUSN 202 Microsoft Excel Applications for Business
    OR CISC 200 Introduction to Computer Technology and Business Applications

    You must also take TWO of the following courses, selected with the needs of your family business in mind:

    ACCT 314 Tax Accounting
    ENTR 200 Foundations of Entrepreneurship
    ENTR 360 Creativity and Change
    ENTR 370 Entrepreneurial Financial Resource Management
    FINC 324 Corporate Finance
    FINC 325 Investments
    REAL 200 Real Estate Principles
    REAL 360 Real Estate Property Management
    MGMT 362 Attracting, Acquiring and Rewarding Talent
    MGMT 382 Leadership Development
    MKTG 360 Retailing
    MKTG 390 Marketing Strategy

    Allied Courses

    ECON 251 Principles of Macroeconomics
    ECON 252 Principles of Microeconomics
    STAT 220 Statistics I

    You must also take one of the following math courses:

    MATH 101 Finite Mathematics
    MATH 109 Calculus with Review II
    MATH 111 Calculus for Business and Social Science
    MATH 113 Calculus I

    You must take ONE of the following communication courses:

    COJO 472 Family Communication (4 credits)
    PSYC 288 Psychology of Marriage and the Family (4 credits)
    SOCI 321 Marriage and the Family (4 credits)

    And you must take ONE of the following classes not previously taken:

    COJO 220 Interpersonal Communication
    COJO 274 Small Group Communication
    COJO 320 Organizational Communication
    COJO 472 Family Communication
    PSYC 288 Psychology of Marriage and the Family
    SOCI 321 Marriage and the Family

    Four-Year Plan

    Year 1

    ACCT 100 Principles of Accounting I
    BUSN 100 Business for the Common Good
    ENTR 100 Introduction to Entrepreneurship & Innovation
    Allied courses: economics, math and statistics.

    Year 2

    ACCT 200 Principles of Accounting II
    BETH 300 Principled Business
    BLAW 300 Law for Business Leaders
    BUSN 200 Business Learning Through Service
    FINC 310 Core Financial Management
    MGMT 302 Working in Organizations
    MKTG 200 Introduction to Marketing
    OPMT 300 Operations and Supply Chain Management

    Years 3 & 4

    At the end of your sophomore year, you’ll declare a business major. As a junior and senior, you’ll take courses specific to your chosen concentration as well as business electives. And, if you choose to study abroad, you’ll likely do so sometime during year 3 or 4.

    In addition to your major courses, you’ll also take courses in the St. Thomas Core Curriculum  throughout your four years.

    Degree Awarded

    BA in Business Administration with a concentration in Family Business

    Tutoring

    Your professor is always available to help you with your coursework. If you need extra help with your core courses in accounting, finance, or operations, free tutors are also available. Whether you’re stuck on an assignment or want help preparing for an exam, our tutors are always glad to work with you. You can schedule a 30-minute one-on-one appointment, or drop in during open hours.

    Internships

    St. Thomas maintains a large network of alumni and local business connections, which leads to real-world learning opportunities, internships and—oftentimes—employment after graduation. When you’re ready for an internship, the Career Development Center can help you find a position that supports your professional goals.

    Courses

    As an undergraduate Family Business major, you’re required to take core courses, concentration courses related to their major, and allied courses, which take place outside of the Opus College of Business.

    Business Core Courses

    ACCT 100 Principles of Accounting I
    BUSN 100 Business for the Common Good
    ENTR 100 Introduction to Entrepreneurship & Innovation
    ACCT 200 Principles of Accounting II
    BETH 300 Principled Business
    BLAW 300 Law for Business Leaders
    BUSN 200 Business Learning Through Service
    FINC 310 Core Financial Management
    MGMT 302 Working in Organizations
    MKTG 200 Introduction to Marketing
    OPMT 300 Operations and Supply Chain Management

    Concentration Courses

    ENTR 349 Family Business Ownership
    ENTR 449 Family Business Innovation and Entrepreneurship
    BUSN 202 Microsoft Excel Applications for Business
    OR CISC 200 Introduction to Computer Technology and Business Applications

    You must also take TWO of the following courses, selected with the needs of your family business in mind:

    ACCT 314 Tax Accounting
    ENTR 200 Foundations of Entrepreneurship
    ENTR 360 Creativity and Change
    ENTR 370 Entrepreneurial Financial Resource Management
    FINC 324 Corporate Finance
    FINC 325 Investments
    REAL 200 Real Estate Principles
    REAL 360 Real Estate Property Management
    MGMT 362 Attracting, Acquiring and Rewarding Talent
    MGMT 382 Leadership Development
    MKTG 360 Retailing
    MKTG 390 Marketing Strategy

    Allied Courses

    ECON 251 Principles of Macroeconomics
    ECON 252 Principles of Microeconomics
    STAT 220 Statistics I

    You must also take one of the following math courses:

    MATH 101 Finite Mathematics
    MATH 109 Calculus with Review II
    MATH 111 Calculus for Business and Social Science
    MATH 113 Calculus I

    You must take ONE of the following communication courses:

    COJO 472 Family Communication (4 credits)
    PSYC 288 Psychology of Marriage and the Family (4 credits)
    SOCI 321 Marriage and the Family (4 credits)

    And you must take ONE of the following classes not previously taken:

    COJO 220 Interpersonal Communication
    COJO 274 Small Group Communication
    COJO 320 Organizational Communication
    COJO 472 Family Communication
    PSYC 288 Psychology of Marriage and the Family
    SOCI 321 Marriage and the Family

    Four-Year Plan

    Year 1

    ACCT 100 Principles of Accounting I
    BUSN 100 Business for the Common Good
    ENTR 100 Introduction to Entrepreneurship & Innovation
    Allied courses: economics, math and statistics.

    Year 2

    ACCT 200 Principles of Accounting II
    BETH 300 Principled Business
    BLAW 300 Law for Business Leaders
    BUSN 200 Business Learning Through Service
    FINC 310 Core Financial Management
    MGMT 302 Working in Organizations
    MKTG 200 Introduction to Marketing
    OPMT 300 Operations and Supply Chain Management

    Years 3 & 4

    At the end of your sophomore year, you’ll declare a business major. As a junior and senior, you’ll take courses specific to your chosen concentration as well as business electives. And, if you choose to study abroad, you’ll likely do so sometime during year 3 or 4.

    In addition to your major courses, you’ll also take courses in the St. Thomas Core Curriculum  throughout your four years.

    Degree Awarded

    BA in Business Administration with a concentration in Family Business

    Tutoring

    Your professor is always available to help you with your coursework. If you need extra help with your core courses in accounting, finance, or operations, free tutors are also available. Whether you’re stuck on an assignment or want help preparing for an exam, our tutors are always glad to work with you. You can schedule a 30-minute one-on-one appointment, or drop in during open hours.

    Internships

    St. Thomas maintains a large network of alumni and local business connections, which leads to real-world learning opportunities, internships and—oftentimes—employment after graduation. When you’re ready for an internship, the Career Development Center can help you find a position that supports your professional goals.

    Learning Through Service: Business 200

    We believe that businesses need to be socially responsible in the communities where they operate. All undergraduate business majors and minors are required to complete BUSN 200, a zero-credit, tuition-free course that includes 40 hours of community service and a series of reflective seminars. This service learning helps you grow into a highly principled global business professional, and an effective and ethical leader who’s prepared to make positive contributions in both your profession and community.

    St. Thomas Career Services

    The experts in the Career Development Center can help you find internships, develop job hunting skills, and put you in touch with business leads—both alumni and UST connections in the broader Twin Cities business scene. We can help you:

    • Clarify your strengths and how they relate to majors and career fields
    • Map out a career plan
    • Create your résumé and prepare for interviews
    • Look for internships and jobs
    Group gathering event smiling and enjoying the moment.

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    The Family Business Center

    The St. Thomas Family Business Center is a hub for business families, students, researchers and advisors. To promote multi-generational success, we many offer education and networking opportunities:

    • Family business breakfasts, which blend education and networking
    • Ownership Academy courses such as Financial Basics and Entrepreneurship & Innovation in Family Business
    • Roundtable discussions for family businesses members, to share best practices and problem-solve challenges

    More about the Family Business Center
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    Career Opportunities

    After majoring in family business, you’ll have the skills and knowledge to serve in a variety of roles, including:

    • General Manager
    • Inventory Analyst
    • Sales Representative
    • Systems Analyst
    • Product Development Coordinator