Business Administration

Follow your passion for Business Administration

The majors in Business at Loras have become some of the most popular and in-demand programs available. Although the largest academic division on campus, we strive to personalize your experience to your chosen emphasis.

Management occupations are expected to grow at a rate of 12% through 2022, according to the Occupational Outlook Handbook. Loras College Business Administration majors learn through in-depth simulations, case analysis, mediation workshops and labor negotiation simulations, while choosing electives in Operations Management, Organizational Behavior, Sales Management, International Business, Human Resource Management, and others.

– Students majoring in Business Administration develop a broader perspective on how business is integrated into other sectors of society.

– No matter what career paths students elect to pursue, a business degree will help them be successful in their future endeavors.

– Loras students majoring in Business Administration develop business skills within the context of a liberal arts education.

– According to recent report from the National Association of Colleges and Employers (NACE), business majors can expect to earn an average starting salary of $54,000.

Additional Information
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Student Involvement Opportunities

Loras has more than 100 co-curricular and involvement opportunities including organizations relating to academic majors, national honorary and professional societies, student and residence hall government, interest groups and recreational interests.

  • Accounting Club provides opportunities for leadership positions, networking with accounting professionals and learning more about the accounting profession.
  • Several business-related clubs and organizations.
  • VITA (Volunteer Income Tax Assistance) is an opportunity for accounting seniors to volunteer to prepare income tax returns for low income and elderly clients free of charge; the program is in partnership with the IRS.

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Our undergraduate Business Analytics program is a truly interdisciplinary major with applications in all areas of business. Students embarking on this path will develop solid skills in data mining and methods of discovery, all while exploring the role of ethics and the social value associated with big data collection and usage.

Loras College is a leader in analytics, and our undergraduate program is part of our Center for Business Analytics  that includes an MBA in Analytics and a Certificate in Analytics.

These programs generate a culture of data science and offer students a glimpse into the diverse opportunities available beyond graduation.

Learn more about all our analytics programs at

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Each year, Loras College business students complete internships in a wide array of organizations to prepare them for their job search after graduation. Students can complete internships for academic credit or non-credit. Many students choose to complete both.

“Internships are a win-win: good for the students and good for the organizations. Students integrate what they have studied with the work they are assigned. Often, successful completion of an internship leads to an offer of full-time employment when the student graduates,” explains Karen Sturm, professor of accounting in the Business division.

Katie Callaghan (’14), a marketing major, completed an internship with Dubuque marketing agency Plaid Swan, which she learned about through the Center for Experiential Learning (CEL). “I learned new writing skills at Plaid Swan, such as writing white paper documents, utilizing social media for small businesses, and creating and executing marketing plans for various clients. I also was responsible for meeting with clients on a weekly basis, developing case studies on previous campaigns, researching target audiences for rebranding efforts, and providing creative feedback
to my clients and supervisors.”

CEL’s role in internship coordination offers:

  • Workshops with topics including internships, how to use Google in searching and why and how to network
  • Networking Events—students often develop meaningful relationships that may lead to internships
  • Career Fairs each fall have led to internships
  • Individual meetings showing students how to search and how to network through LinkedIn, a strong tool to connect with alumni by joining Loras alumni groups

Students are taught how to seek out internships as those are the skills they will need the rest of their lives to find full-time positions. Business faculty communicate internship openings to students from a variety of sources, including from the companies, recruiting websites, or from CEL. Students may also find internship positions through career fairs or the Iowa College Recruiting Network interview days. Faculty serve as supervisors for the internships when students choose to earn academic credit.

Chelsea Myers (’14), accounting major, has found internships in two distinctly different ways—one through contact with a Loras professor and one through her own existing network. She served as Petal Project Intern at ECIA, which she learned about through David Cochran, Ph.D., politics department, where she assisted with program implementation, tracking and promotion; and she currently interns for the Community Foundation of Greater Dubuque, a position she found through her own Facebook network.

“I have learned about proper business etiquette and how much goes into planning a fundraising event that requires the support of an array of area businesses and supporters. In addition to business etiquette and event planning, I have also advanced my knowledge of philanthropy and grant writing, which I am excited to take with me into future endeavors.”

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Leadership, experience, resource, and networking opportunities can be pursued in a number of student organizations, including:

  • Association of Computing Machinery (ACM)
  • Advertising and Marketing Association (AMA)
  • Phi Beta Lambda (PBL)
  • Financial Management Association (FMA)
  • Institute of Management Accountants (IMA)
  • Society of Human Resource Management (SHRM)

Students benefit from a program that offers an impressive list of classes from which to choose, along with a large number of internships and opportunities to test your knowledge against “real world” situations before graduation.

  • Over 4,500 alums have graduated with an accounting/business major since the program’s founding in 1945.
  • All students take a common core of classes in addition to required courses for their specific major. This core allows them to broaden their business knowledge, as well as helping focus their interest in a specific area.
  • Committed to graduating students within 4 years, all students majoring in the division will have an advisor who cares about their academic progress and future career success.
  • Loras provides an active division-run internship program, offering local, regional, national and international opportunities during the traditional academic year as well as summers.
  • Placement rate for graduates annually exceeds 90%.

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Major Requirements
Division of Business & Economics
Luke Lammer, C.P.A., Chair
Students must earn a cumulative average of 2.00 or better in all L.ACC, L.BAN, L.BUS, and L.CIT courses and complete a minimum of 12 credits of upper level courses in their major (beyond core and supporting) at Loras College, including the seminar course.

Please Note: Students must get PRIOR written permission to transfer in credit once they have matriculated at Loras. Students wishing to take a summer school class on another campus must get written permission from the Chair BEFORE taking the class. If a student has taken courses on other campuses and then transfers to Loras the Division chairperson may make a determination of those transfer credits.

Internships cannot be used to fulfill electives for any major or minor in this division. Students should complete their P UNLIs math requirement (L.MAT-113: College Algebra or L.MAT-117 Pre- Calculus or above) by the end of their sophomore year. Since students who are double majoring within the Business & Economics Division will not be taking two capstone courses, they need to complete an additional upper level course in either major to replace the second seminar course when applicable.

Requirements for the major in Business (B.A.)
PLEASE NOTE: This major is not open to students completing a specialized major in this division other than Economics or Sport Management.
 Req   Course  Cr’s
 1   L.ACC-227: Managerial Accounting  3
 2   L.ACC-228: Financial Accounting  3
 3   L.BUS-230: Principles of Management  3
 4   L.BUS-240: Principles of Marketing  3
 5   L.BUS-250: Business Statistics  3
 6   L.BUS-317: Business Law I  3
 7   L.BUS-350: Principles of Finance  3
 Select one from Req 8
 8   L.CIT-110: Computing & Information Technology Basics  3
 8   L.CIT-111: Accelerated Computing & Info Tech Basics  3
 9   L.ECO-221: Principles of Microeconomics  3
 10   L.ECO-222: Principles of Macroeconomics  3
 11   L.MAT-113: College Algebra-FM or L.MAT-117 or higher  3 to 4
 12   L.COM-330: Business Speaking and Writing  3
 13   Elective: L.BUS-300 or above  3
 14   Elective: L.BUS-300 or above  3
 15   Elective: L.BUS-300 or above  3
 16   Elective: L.BUS-300 or L.ACC-300 or above  3
 17   L.BUS-490: Business Seminar  3
51 to 52 total required credits

Requirements for the minor in Business:
A student must earn a cumulative average of 2.00 or better in all business minor/division courses. The business minor not available to students with the following majors: accounting, business, business analytics, finance, management, marketing, and MIS. Students may “double count” a maximum of 6 credits in a minor – additional overlap must be replaced with course substitutions.

 Req   Course  Cr’s
 1   L.ACC-227: Managerial Accounting  3
 2   L.BUS-230: Principles of Management  3
 3   L. BUS-240: Principles of Marketing  3
 Select one from Req 4
4   L.ECO-221: Principles of Microeconomics  3
4   L.ECO-222: Principles of Macroeconomics  3
 5   Elective: L.BUS-300 or L.ACC-300 or above  3
 6   Elective: L.BUS-300 or L.ACC-300 or above  3
18 total required credits
Loras Means Business Newsletter

The Loras College Business and Economics program Newsletter is intended to connect alumni of Loras College’s business division with their peers, faculty and students. The newsletter provides updates and information on alums, current student achievements and experiences, faculty tenure and recognition, program developments, recent news and upcoming events.

Career Opportunities

After receiving your degree from Loras, your career could take off into one of these professional areas:

  • Purchasing Manager
  • Insurance Underwriter
  • Human Resource Manager
  • Financial Analyst
  • Sales Manager
  • Investment Broker
  • Market Researcher
  • Operations Manager
Loras College Department Staff

Shikhar P. Acharya
Associate Professor of Business Analytics
563.588.7784 |

Eric Eller, Ph.D.
Associate Professor of Finance
563.588.7202 |

Dr. Eller received his PhD from the University of Virginia, a Masters degree from the University of Missouri, and his undergraduate degree from Missouri State. Prior to joining the faculty at Loras, Dr. Eller spent time on the tenure-track faculty at Bellarmine University, at Buena Vista University (where he was tenured), and at Upper Iowa University. Dr. Eller’s areas of scholarly research include International Service Learning and Microfinance. He has taught numerous study away courses with travel destinations including Cuba, Haiti, Russia, Egypt, and the Galapagos Islands.

Under Dr. Eller’s direction, the LIFE Investment class (which manages a portion of the Loras endowment) will focus on choosing investments which align with the College’s mission while still maximizing portfolio efficiency.

Douglas Gambrall, Ed.D.
Associate Professor of Business Administration
563.588.7910 |

Doug Gambrall is Associate Professor of Business Administration at Loras College—joining the faculty in August of 2011. Gambrall earned his BBA, majoring in finance, from the University of Notre Dame and his MBA from the University of Evansville. After working in retail banking, Gambrall embraced higher education, serving four different colleges in Indiana, Tennessee, and Iowa as an administrator and faculty member since 1994. In 2005, Gambrall received his doctorate in leadership education from Spalding University with a cognate in business management.

Matthew Garrett, Ph.D.
Professor of Sport Management
563.588.7165 |

Garrett has served as the sport management program coordinator since 2005. Under his leadership, sport management case study teams at Loras have won six national championships. Garrett’s research interests include sport law, governance, and human dignity issues. He also is working on a project studying the factors sport business professionals consider when accepting entry-level and middle-management jobs. An avid Cardinals fan, Garrett coaches youth baseball. He and his wife Cheryl have three children.

Hugh Graham, M.B.A.
Associate Professor of Business Administration
563.588.7765 |

Professor Graham grew up in Wichita, KS, and began working at Loras in 1988. He received his Bachelor’s degree in accounting as well as an MBA from Wichita State University. Before Loras, Graham was a public accountant for Grant Thornton and a business analyst in the National Marketing Group of Pizza Hut.

Graham’s favorite part of working at Loras is the intellectually stimulating challenge of learning with the students. He says that he gets the greatest pleasure from seeing his former students succeed, not because he believes he played a large role in their success, but because he gets to witness graduates achieve their professional goals.

William Hitchcock, M.B.A.
Professor of Computing and Information Technology
563.588.7286 |

In 1984, William Hitchcock graduated Magna Cum Laude with a BBA degree from the University of Wisconsin – Whitewater, double majoring in Marketing and Management Computer Systems. Upon graduation, he began working as a Programmer/Analyst for the Oscar Mayer Foods Corporation headquartered in Madison, Wisconsin. Most of his development work was with marketing decision support systems utilizing retail store audit information. While working full time at Oscar Mayer, he began his graduate studies at the University of Wisconsin – Madison in 1986. He completed his work and graduated with an MBA degree majoring in Finance, Investments, and Banking in 1988. In 1989, Hitchcock made a career move to begin teaching business courses at Loras College in Dubuque, Iowa. He has taught business coursework to both traditional college students and professionals working in the Dubuque area. In 2011, he served as the Faculty Director of the Study Abroad program in Dublin, Ireland. He has a special interest in International/Irish studies, and has since taught several Irish-themed courses including a summer course in Ireland in 2014.

Brian J Kallback CFP® CLU® QPA QKA CTFA
Instructor of Finance
563.588.7626 |

Finance Instructor, Loras College Frances J. Noonan School of Business teaching Financial Planning & Risk Management, Managerial Finance, Investments, and Personal Financial Literacy.

Luke Lammer, M.A., C.P.A., C.M.A., C.I.A.
Assistant Professor of Accounting
563.588.7379 |

Curriculum Vitae

Professor Lammer joined Loras in 2011. He received his Bachelor’s degree in Accounting from Clarke University and his Master of Accountancy degree from the University of Iowa. Lammer has earned certifications as a Certified Public Accountant (CPA), Certified Management Accountant (CMA), and Certified Internal Auditor (CIA). Prior to Loras, Lammer worked as an auditor with McGladrey & Pullen, LLP, working primarily with financial institutions. Lammer has been an active contributor to item development for both the CPA and CMA exams.

Dale Lehman, Ph.D.
Center for Business Analytics Director
Professor of Business
563.588.7725 |

Curriculum Vitae

Dale Lehman has a Ph.D. in Economics from the University of Rochester. He has taught at a dozen universities and was Director of the MBA programs at Alaska Pacific University. He has also held industry positions at Bell Communications Research and SBC. He teaches in a number of specialized MBA programs in Europe.

Dale’s interests are in applied data analysis. This includes visualization of patterns in data, analysis that highlights meaningful stories hidden within data, and replication/validation of data analysis. He is particularly interested in applications of data analysis to problems related to health care, natural resources, telecommunications and information, and finance.

Dale has co-authored three books and numerous articles. He enjoys hiking, cross-country skiing, golf, travel, and teaching at small private universities.

Anne Marx Scheuerell, Ed.D.
Assistant Professor of Sport Management
563.588.7216 |

Dr. Marx Scheuerell is an Assistant Professor of Sport Management. She joined Loras College in the fall of 2011. She has practical experience in collegiate and secondary education athletic departments, and as a summer camp director. Her research focus is on sport as a platform for socio-cultural change with specific interests in ethics, law and gender issues. Her research has been published in numerous academic journals, and she has presented her research at national and international conferences. Dr. Marx Scheuerell received her master’s from Arizona State University and her doctorate in Sport Management from the University of Arkansas.

Patrick Marzofka, M.B.A.
Associate Professor of Business
563.588.7283 |

Pat Marzofka began working at Loras College in 1987. He received his Bachelor’s degree in economics from the University of Wisconsin-Eau Claire and an MBA in marketing from the University of Wisconsin Madison. Before Loras, Marzofka taught at two small schools in Wisconsin and later worked in marketing research at Shopko.

Marzofka explains that his favorite part of working at Loras is the opportunity to interact with students inside and outside of the classroom. He considers teaching fun and rewarding. He is passionate about the topics he teaches and has discovered that each class has its own personality. “Students can make or break the class!” he explains. Based on his many years in the classroom, Marzofka believes that computer simulation is an effective tool in the education process because it focuses on experiential learning. In the class Marketing Management, he uses simulations to guide students to understand how to work in a group, be creative and have fun in the process, even if the outcome seems uncertain. Furthermore, Marzofka enjoys seeing the long lasting friendships that started in his classes or began as a result of one of his class projects.

Biniv Maskay, Ph.D.
Assistant Professor of Economics
563.588.7915 |

Curriculum Vitae

Dr. Biniv K. Maskay is an empirical macroeconomist with research interests in economic growth and development, open-economy monetary policy, financial development, international financial integration, international trade and foreign direct investments. He received his Ph.D. in 2012 from the University of Kentucky, where he also served as the Instructor of Record. He has taught courses such as Principles of Microeconomics, Principles of Macroeconomics, Intermediate Macroeconomics, Statistics for Business and Economics, Money and Banking, International Economics and Growth and Development at Loras College and the University of Kentucky.

Debra Schleicher, L.L.M., C.P.A., C.M.A., C.F.M.
Associate Professor of Business
563.588.7404 |

Jennifer Smith, P.h.D.
Associate Professor of Economics
563.588.7952 |

Dr. Smith earned her BS in mathematics and an MA in economics at Illinois State University. After being employed by an insurance company as an Actuarial Research Analysis for five years, she enrolled at Northern Illinois University to earn a Ph.D. in economics. While completing her graduate degrees, she taught classes at Heartland Community College, Illinois Wesleyan University, and Northern Illinois University. Upon completing her Ph.D., she taught two years at Illinois Wesleyan University. In 2009 Dr. Smith joined the faculty at Loras College. Dr. Smith has research interests in maternal employment or non-employment on childhood obesity. Dr. Smith has been an expert witness in wrongful death lawsuits and contributed chapters to an Economic Terms research text.

She has taught a variety of courses including: Introduction to Microeconomics, Introduction to Macroeconomics, Intermediate Microeconomics, History of Economic Thought, Public Finance, Economics of Poverty, Gender, Race, and Immigration, Econometrics, Senior Seminar Research, Labor Economics, Comparative Economic Structures, Democracy and Global Diversity, and Managerial Economics (MBA course).

Karen Sturm, M.A., C.P.A
Division Chair of Business & Economics
Professor of Accounting
563.588.7405 |

Professor Sturm started her career at Loras College as an undergraduate student. Her journey then took her to graduate school at the University of Iowa. After some experience at Deere Company as an internal auditor, Karen came back to Loras, where she has taught since 1983.

Sturm explains that her favorite part of Loras, from a student and teaching perspective, is the campus size. The small size allows students to be more involved with a variety of different activities such as campus ministry, sports, or the variety of clubs Loras offers. She believes that all the involvement options offered help students develop skills inside and outside the classroom. The smaller size also allows Sturm the opportunity to get to know her students better, which helps making recommendations and advising students much more successful. Sturm enjoys interacting with her students and seeing them grow throughout their Loras experience.