Business & Economics

The School of Business and Economics offers undergraduate and postgraduate courses.

Students coming from abroad can gain further insight in international business, world legal systems, and financial markets; focusing on Latin America, its economy, history and culture. 

The UM department of Economics ranked top 10 in Latin America, according to Tilburg University Worldwide Economics Schools Research Ranking. 

BUSINESS MANAGEMENT AND ADMISITRATIONmore

A UM Business Management and Administration (BA) undergraduate student is an insightful entrepreneur that has acquired a broad and advanced understanding of the business world. Students in this degree will develop the knowledge necessary to manage all different areas of a company, due to their coherent, solid management skills.

OBJECTIVES
With this degree, the student’s passions, talents and skills will be identified and therefore strengthened to develop their capacity and depth. This will therefore mold an incisive, innovative leader that will be able to solve problems and make decisions in a critical and creative fashion.

COURSE CURRICULUM
The curriculum is a credit system that is composed of a core set of courses and elective ones, which students may take from any of our departments. This also includes courses from our partner international universities.

With the elective courses BA students can also learn and specialize in their different fields of interest, such as: music, agribusiness, technology, design, fashion, sports, and gastronomy, along with many others.

CONTENTS

KNOWLEDGE
The student will acquire solid understanding of the different areas in a company and the latest trends at a professional business level. He or she will develop a strong grasp on Marketing, Production, Human Resources, Finance, and Corporate Social Responsibility. Therefore the student will be able to specialize in the industry they are most passionate about. The student will be able to strategically plan and efficiently manage the resources to be able to accomplish their goals.

SKILLS
The BA degree consists of courses such as Leadership, Entrepreneurship, Creativity and Innovation, among others, that will further develop the skills required to identify key business opportunities and thus clearly present, introduce and carry out new ideas and propositions. They will be able to employ their acquired skills and abilities to successfully assemble and lead a positive work team, both ethically and professionally. The students’ capacity for strategic analysis and his/her potential for creativity are sought out by studying real business cases.

TOOLS
A BA student will also acquire tools, such as knowledge in languages, Information Systems and Innovative Methodologies, which will help them navigate in an efficient manner within the job market.

DOUBLE DEGREE
A standard BA degree consists of 8 academic semesters, if a student wishes to combine his BA degree with another one offered by the UM such as, Public Accounting, Economics or International Business, the student can graduate with a double degree after 10 academic semesters.

EVALUATION
A BA degree stresses the importance of teamwork and project development; therefore they are often subject to team assignments and collaborative enterprises and thus are evaluated in that manner. Solid theoretical and practical work is expected and this will direct the student to become a more critical and research focused student.

DEGREE REQUIREMENTS
A BA student must accomplish four professional internships to be able to graduate and receive the degree. He/she must also obtain a sufficient average between the note of the final examination and the final note of each course taken.

DIPLOMA OPTIONS
BA undergraduate students have the option to also receive a Diploma by doing a concentration on their elective courses. There are three different diplomas they may pursue: Diploma in Marketing, Diploma in Entrepreneurship and Innovation and the Diploma in Finance. 

INTERNATIONAL BUSINESSmore

An International Business (IB) graduate from the University of Montevideo is an interdisciplinary professional who has acquired global understanding of the Business World along with its context. Therefore possesses knowledge in areas such as: Foreign Trade and Logistics, Global Marketing and Strategy, and International Business Finance.

OBJECTIVES
IB students should be able to understand the reality of Businesses in Uruguay and abroad. Due to their knowledge in Foreign Trade and Logistics, Global Marketing and Strategy, International Business Finance and other general courses such as contemporary history, cultural diversity, and political thought, students deeply broaden their knowledge of world affairs. BA students should acquire a solid grasp of another language, an expanding vision of the contemporary world and a strong base in international business systems.

COURSE OVERVIEW
Length: 8 semesters
Total Credits: 322

The first year within the ‘Facultad de Ciencias Economicas’ is a core curriculum for the four different degrees which include Business and Management, Economics, and Accountancy courses. Thereafter, the courses are specific to the degree with an international focus and a practical approach.

During the sixth semester all of the courses in this degree are taught in English and therefore Uruguayan students perfect their second language. They also interact with international students that are doing a semester exchange at the UM, and with professors that have international experiences.

One of the main factors that the IB degree has that the other three do not is the mandatory semester abroad with one of our partner universities. This takes place in the seventh semester and because of this students obtain a deeper international academic experience, complementing those English courses already taken at the UM.

In their last semester students must develop an entrepreneurship project with a global scope in which they apply what they have learned, and the skills they have acquired. In this final project students have the chance to demonstrate their leadership and negotiation skills, their ability to implement ideas and to make critical decisions.  

INTERNSHIPS
Students must fulfill a certain amount of internships and collect different work experiences. Therefore the UM offers national and international Internships in different environments such as Industry and Commerce, Travel and Tourism, International Marketing and Private Banking, among others.

EVALUATION
Students will be evaluated in different ways throughout their 4 years. They will have mid-terms, final written exams, oral presentations, case studies and group projects.

DEGREE REQUIREMENTS
It is required that students obtain 322 credits, 282 of which are in academic courses where they must obtain a final grade of 6 or higher in a scale of 12. And the remaining 40 credits are obtained through their internships.

DIPLOMA OPTIONS
IB students have the opportunity to focus on their elective courses in a specific area and thus obtain one of these three diplomas along with their degree when they graduate: Diploma in Marketing, Diploma in Entrepreneurship and Innovation, and Diploma in Finance.

 

ECONOMICSmore

UNDERGRADUATE DEGREE IN ECONOMICS
An Economics graduate from the Universidad de Montevideo is a professional that is able to interpret basic market trends, shifts in national finance, and the changes in the global economy. He or she also acquires specialized research skills with the support of full-time faculty members. The academic proposal is challenging, internationally focused, and current, which helps students continue their studies in top graduate schools worldwide.

RESEARCH
The ‘Facultad de Ciencias Economicas’ has a Center for Research in Applied Economics, which is composed of a prestigious group of full-time professors as well as students that perform collaborative research. The fields of study and research include: macro and microeconomics, health, environment, family, education and poverty.

OBJECTIVES
The UM strives to offer the students within the Economics degree the necessary tools in order to make critical decisions within a business, and proper recommendations in a political economy.

ECONOMICS UM GRADUATE STUDENT PROFILE
An Economics graduate from the UM is a highly trained professional who has boldly developed both work and study skills which has therefore prepared him/her to perform well in a business or financial environment, in research and/or teaching:

Employment may be included within the following areas:

- Private Sector: Acts as a dependence factor or an external advisor in different business areas (commercial, financial, and administrative activities)

- Research centers: independent or linked to professional/union-based associations

- State-dependent organizations: executive officials, researchers or economic analysts

INTERNSHIPS
The Department of Internships and Career Opportunities supports students and acts as a bridge between academic training and the professional world. The course curriculum for an undergraduate in Economics includes four internships in different businesses, which provide the students with a closer approach to the labor market.  

COURSE CURRICULUM
The Economics degree is based on a credit system with certain required subjects that are divided into four areas: general, specific, electives and internships. For those students who wish to can obtain a double degree (Business and Public Accounting, or Business and Economics) at the end of 10 semesters. A student may also focus on his or hers elective courses and obtain a diploma in Finances or the Diploma in Marketing.

Each course has a specific methodology that allows the students to use their creativity to its maximum potential and develops their capacities for strategic analysis by focusing their study on real cases. This methodology deepens the students theoretical and practical skills and they therefore perform their professional tasks efficiently.

EVALUATION
Each course within the degree is evaluated differently, and each course itself has different methods of evaluation. Most share similar activities such as: class quizzes, oral presentations, team projects, and of course they all have midterms and final exams.

DEGREE REQUIREMENTS
In order to be awarded the undergraduate Economics degree, the student must have completed the four internships and must have passed all of their classes with a grade higher or equal to 6, out of 12 (this is done by averaging the course grade with the grade obtained in the final exam).

DIPLOMA OPTIONS
Students studying to obtain the economics degree at the UM have the possibility to concentrate on one of their elective courses and therefore acquire a Diploma in Marketing, Entrepreneurship and Innovation, or in Finance. 

PUBLIC ACCOUNTINGmore

A UM Public Accountant is a professional with excellent training in the fields of accounting, auditing, taxes and finance. Throughout the career he or she acquires the necessary IT skills, pivotal in their upcoming professional career. They also gain the knowledge to be able to make critical decisions, thus achieving their objectives and are then able to help improve management and maximize the economic resources within a business.

OBJECTIVES
A UM Public Accountant is a dynamic and risk-taking professional.

The UM seeks to train professionals to be proactive and determined, who are able to face challenges and adapt to constant changes in the business world. The university also aims to stimulate students to be able to start an academic and research-based career.

UM PUBLIC ACCOUNTANT STUDENT PROFILE
The solid academic training the graduates receive, both theoretical and practical, makes them eligible to work as an independent consultant or to work inside an organization.

 Public Accountants, if working independently, could be responsible for preparing and analyzing accounting information, advising on labor and tax related topics, elaborating and presenting investment projects or implementing information systems. As an external auditor the Accountant make critical comments on the financial section of a company.

 If Public Accountants work within a company, they must be prepared to perform managerial tasks in accounting or finance and they control areas such as financial information, costs, control systems and taxes. They mainly would be in control of the monetary resources and the relationship with financial entities, planning and drafting the financial activities of the organization and their investment decisions.

INTERNSHIPS
The work experience they must do throughout the degree will allow students to better develop social skills in the work environment and choose the area of specialization confidently when beginning their professional life.

COURSE CURRICULUM
Length: 8 semesters
Total Credits: 339.5

The curriculum is based on a credit system which is composed of required and elective courses, these may be taken in any of our departments, including international partner universities.

EVALUATION
The students are evaluated in different ways to further deepen their skills. In some courses they are evaluated individually, through both written and oral exams. Whereas in others they are evaluated in group projects in order to encourage teamwork and the interaction with fellow students. They will also have to analyze practical case studies in order to strengthen their critical analysis skills.

DEGREE REQUIREMENTS
In order to receive the undergraduate Public Accounting degree, the student must have completed four required internships, and obtained a satisfactory final grade in each course.

DIPLOMA OPTIONS
Public Accounting students have the opportunity to focus on their elective courses and thus obtain one of the following three diplomas when they graduate: Diploma in Marketing, Diploma in Entrepreneurship and Innovation, and Diploma in Finance.