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.

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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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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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Student Learning Outcomes
Student Learning Outcomes – Business Administration
1. Apply general human resource management principles to business organizational practice
2. Apply ethical perspectives to human resource situations
3. Analyze the relationship between personality styles and the organizational settings that allow for effective leadership
4. Demonstrate effective team-work skills in group settings
5. Apply decision-making strategies to real-world business problems
Major Requirements

Francis J. Noonan School of Business
James Padilla, J.D., Dean

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 Dean of the School of Business or their designee BEFORE taking the class. If a student has taken courses on other campuses and then transfers to Loras the Dean of the School of Business or their designee may make a determination of those transfer credits.

Internships cannot be used to fulfill electives within this major. Since students who are double majoring within the School of Business will not be taking two capstone (seminar) 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 Administration (B.A.)

Req Course Cr’s
1 L.ECO-221: Principles of Microeconomics 3
2 L.ACC-227: Managerial Accounting 3
3 L.BAN-210: Essentials of Analytics 3
Select one from Req. 4
4 L.CIT-110: Principles of Computing & IT 3
4 L.CIT-221: Data Analysis 3
5 L.BUS-230: Principles of Management 3
6 L.BUS-240: Principles of Marketing 3
Select one from Req. 7
7 L.MAT-115: Statistics 4
7 L.MAT-220: Probability and Statistics 3
7 L.BUS-250: Business Statistics 3
8 L.BUS-317: Business Law I 3
9 L.BUS-350: Managerial Finance 3
10 L.BUS-335: Human Resource Management 3
11 L.BUS-433: Global Leadership 3
12 ACC/BAN/BUS 300+ 3
13 ACC/BAN/BUS 300+ 3
14 L.BUS-490: Business Seminar 3
42-43 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 courses. The business minor is not available to students majoring within the School of Business. 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
Course Descriptions

L.BUS-230: Principles of Management

A general introduction to a distinct process existing in the business organization. Emphasis is placed upon fundamental managerial concepts such as decision making and coordination, managerial planning, organizing and authority relationships, and the nature of controlling in management. 3 credits.

L.BUS-240: Principles of Marketing

A managerial approach that integrates the theory and concepts a marketing manager must comprehend in order to make effective decisions. Special attention is given to the areas of product, place, promotion and pricing. 3 credits.

L.BUS-250: Business Statistics

An introduction to basic statistical measurements: sampling theory, including estimation of parameters, hypothesis testing and basic decision theory. Other topics include correlation analysis, time series analysis, seasonal fluctuations, trend fitting, and cyclical measurement. 3 credits.

L.BUS-260: Morals and Money-AV

‘What is right, and what is wrong? What are my values? How do my values impact my decisions?’ This class will answer these questions by examining three distinct topics where money and morals/ethics are intertwined. Prerequisites: L.LIB-100, L.LIB-105, LIB-110 and one course from L.LIB-130, L.LIB-135, or L.LIB-220. 3 credits.

L.BUS-317: Business Law I

A study of the foundations of legal systems, of the role of business ethics and corporate social responsibility, of the formation and operation of contracts, and of the laws regarding negligence, property and government regulation of business. 3 credits.

L.BUS-331: Organizational Behavior

This course explores the roles of the employee within the organizational structure. Case studies are examined to show the theoretical and actual applications of the text material. Topics include leadership, motivation, interpersonal and group dynamics, stress, communication, and the union’s role in the organization.  Prerequisite: L.BUS 230. 3 credits.

L.BUS-333: Entrepreneurial Experience

This course studies entrepreneurship as a process of economic and/or social value creation, rather than the single event of opening a business. Reflecting on recent research, the course focuses on opportunity recognition, assembly of the financial and human resources needed to develop the idea, and launching the new venture. Prerequisite: L.BUS-230. 3 credits.

L.BUS-335: Human Resource Management

An intensive study of the field of management which is concerned with planning, organizing and controlling the functions of procuring, developing, maintaining and utilizing a labor force. Prerequisite: L.BUS-230. 3 credits.

L.BUS-341: Marketing Ethics-AV

This course takes a managerial approach that integrates the theory and concepts a marketing manager must comprehend in order to make effective and morally acceptable marketing decisions, especially in the areas of product, place, pricing and promotion, and the moral issues related to them. Students will consider how to move beyond standard business methods of making decisions to learning how to make ethical and moral marketing decisions through applying key ethical theories to the challenges faced by a marketer. Students will consider the following questions: how can a marketer identify ethical issues? How can a marketer apply different ethical theories to a marketing decision? What should a marketer do when faced with a moral dilemma? Prerequisites: L.LIB-100, L.LIB-105, LIB-110 and one course from L.LIB-130, L.LIB-135, or L.LIB­220. 3 credits.

L.BUS-343: Marketing Management

This course explores the problems confronting marketing managers in the formation of marketing policies using an experiential-based approach to the comprehensive study and analysis. Active learning assignments, a marketing simulation and a marketing plan may be included in the course. Active learning assignments, a marketing simulation and a marketing plan may be included in the course. Prerequisite: L.BUS-240. 3 credits.

L.BUS-344: Sales Management

An application of the management approach to an analysis of the sales executive’s duties, responsibilities and role as decision-maker. The course explores the areas of recruiting, training, compensating, motivating and evaluating a sales force. Prerequisites: L.BUS-230 and 240. 3 credits.

L.BUS-345: Retail Administration

Survey of retailing and its role in distribution. Management policy areas studied include administrative organization, locational decisions, buying, pricing, merchandising, sales promotion, personnel and overall planning and coordination in retailing firms. Analysis of illustrative cases. Prerequisites: L.BUS-230 and 240. 3 credits.

L.BUS-346: Advertising/Marketing Communications

Introduces students to advertising’s/marketing communication’s role as a vital tool in the distribution of goods and services. It is structured to meet the needs of those wishing to secure a solid foundation for further work in the field as well as aiding those who seek a basic knowledge of the place of advertising/marketing communication in the business and social environment. Prerequisite: L.BUS-240. 3 credits.

L.BUS-348: International Marketing

This course provides a global orientation to the study of marketing. The cultural environment of the global marketer is reviewed throughout every area of the course. All marketing decisions are studied through an understanding and appreciation of different cultures. Within this context, the course will cover how to assess global marketing opportunities and how to develop global marketing strategies. Prerequisite: L.BUS-240. 3 credits.

L.BUS-349: Consumer Behavior

Provides the student with a usable, managerial understanding of consumer behavior, particularly as it relates to sales, marketing, advertising and promotion management. Consumers are studied in four ways: as individuals, as decision-makers, as members of a group, and as members of a culture. Prerequisite: L.BUS-240. 3 credits.

L.BUS-350: Managerial Finance

An introductory course covering the principles of business financial management focusing on the tools of financial management, the financial environment, working capital management, capital budgeting, the cost of capital and capital structure decisions. Prerequisites: L.ACC-227. 3 credits.

L.BUS-351: International Finance

This course examines issues that arise from conducting business or investing in multiple national currencies. Students will learn how to value projects or investment vehicles in countries using a currency other than the home currency of a business or investor. Difficulties that arise from various types of cross-currency risk are examined, as are strategies that can be employed to mitigate those risks, including the use of financial derivatives like futures, options, and swaps. Prerequisites: L.BUS-350. 3 credits.

L.BUS-352: Investments

An introductory course covering the principles of security analysis and valuation of stocks and bonds. An in depth study of the value and growth approach to investing. Students will be responsible for best practice readings from the world of finance along with several projects and research assignments designed to increase their understanding of security analysis. Prerequisite: L.BUS-350. 3 credits.

L.BUS-353: Financial Institutions

An overview of financial markets, financial institutions and how those institutions impact flow and cost of funds through the domestic and global economy. Markets include money markets, capital markets, primary and secondary markets, mortgage markets, stock, bond and derivative markets as well as international currency markets. Institutions include commercial banks, credit unions, savings institutions, pension funds, life insurance companies, mutual funds, and investment banks. Prerequisites: L.BUS-350 or instructor approval. 3 credits.

L.BUS-354: Personal Financial Planning

This course overviews personal financial planning issues and tools with topics that include goal setting, managing cash and budgeting, taxes, wise use of credit, purchasing decisions, risk management, investments and retirement and estate planning. Ethics and values in personal finance will also be addressed. The course is targeted to both business and non-business majors. Students desiring finance major elective credit should consult the instructor. 3 credits.

L.BUS-358: L.I.F.E: Portfolio Applications I

This course applies financial theory to the actual management of an investment portfolio for the Loras College endowment, combining lecture and independent research, with heavy emphasis on outside projects. Students learn the basics of security research and analysis and the interpretation and application of economic data to investment management decisions. Students present their methodology, reasons and results to the administration or board of regents. Prerequisite: L.BUS-352. 3 credits.

L.BUS-360: Business As A Calling

This course integrates the principles of Catholic Social Teaching into decisions that business professionals make about the daily operations and future of their business and their own individual professional development and career plans. Students will explore the discussion of work as a job, work as a career, and work as a vocation. 3 credits.

L.BUS-370: International Business

An introduction to issues facing organizations in a global economy. Includes a study of the environmental factors affecting international business; the economic theories behind international trade, development and investment; and the strategies and structure of multinational enterprises. 3 credits.

L.BUS-379: The Rise & Fall of the Celtic Tiger-AC

Much has been written about the economic rollercoaster the Irish economy has experienced over the last 30 years. This course will use the “Celtic Tiger” as a gateway into looking at not only the history of the Irish economy, but as a way to define, compare and contrast culture through an economic lens. Prerequisites: L.LIB-100, L.LIB-105, L.LIB-110, and one course from L.LIB-130, L.LIB-135, or L.LIB-220. 3 credits.

L.BUS-394: Business Internship

Provides college credit for work experiences related to the major program. Proposals arranged in consultation with division faculty and approved by Division Chair. Credit varies. Internships cannot be used for electives in the business majors or minors.

L.BUS-418: Business Law II

Topics include the law of partnerships and corporations, sales contracts, negotiable instruments, secured transactions, bankruptcy, agency, insurance, and trusts and estates. Not open to first year students. 3 credits.

L.BUS-432: Operations Management

This course is designed to acquaint students with the long-run and short-run problems that must be solved in managing the operations function of both manufacturing and service industry firms. Major problem areas including plant location, process design, technology selection, production scheduling, product quality and factor allocation are examined and decisions rendered employing both quantitative and graphic methods. Prerequisites: L.BUS-230 and L.BUS-250 or L.MAT-115 or L.MAT-220. 3 credits.

L.BUS-433: Global Leadership

Leadership has been frequently heralded by writers and executives as the key to sustained competitive advantage on the part of U.S. organizations. In addition, it is clear that the possession of leadership qualities and the display of leader behavior are requirements for individuals attempting to progress in their careers. It is important for aspiring managers to learn about the nature of effective leadership and how they can develop their own competencies in this area. Students in this course will explore issues of leadership and change associated with the growth in the international marketplace. This course will examine a variety of business and leadership practices with emphasis on global organizational values, business plans, diversity, challenges, and culturally appropriate strategies for success in the rapidly changing world of international and multinational business. Prerequisite: L.BUS-230. 3 credits.

L.BUS-447: Marketing Research

A comprehensive and practical study of the full range of activities involved in marketing research in business and other organizations. The entire research process is examined through the completion of a formal research project. Prerequisite: L.BUS-240. 3 credits.

L.BUS-451: Intermediate Financial Management

This course is an intensive study of corporate financial management. The emphasis is on a detailed in-depth analysis of various topics of corporate financial management including risk analysis, capital asset pricing model, valuation, capital budgeting, capital structure decisions and cost of capital. Individual and group cases will be used to assess student mastery of these topics. The changing values of corporate governance and social responsibility are also discussed. Prerequisite: L.BUS-350. 3 credits.

L.BUS-458: L.I.F.E: Portfolio Applications II

Continuation of L.BUS-358. Students will be responsible for the management and performance of the investment portfolio. Duties will include determining economic conditions, formulating the asset and sector allocations, researching and investing in individual securities that fit the parameters of the class model, monitoring performance results in comparison to the appropriate benchmark, and executing purchases and sales when appropriate. Prerequisites: L.BUS-358 and instructor permission. 3 credits.

L.BUS-461: Human Resource Selection & Evaluation

Design and implementation of an effective selection and performance evaluation program including: role of job analysis, reliability and validity of human resource measures, description and evaluation of selection instruments (application form, reference check, interview and tests) and performance evaluation methods, and legal and ethical issues. Prerequisite: L.BUS-335. 3 credits.

L.BUS-490: Business Seminar

This course brings together students from all the business disciplines to collaborate and work through problems and challenges of working in today’s business world as part of a business team in a business simulation. Additionally, students will model the best practices of leading executives and businesses by planning, leading and taking part in local community service projects. Finally, students will meet and network with local, regional and national business professionals. Requirements: Senior status and major in finance, management, marketing, MIS, or general business. 3 credits.

L.BUS-494: Business Internship

Provides college credit for work experiences related to the major program. Proposals arranged in consultation with division faculty and approved by Division Chair. Credit varies. Internships cannot be used for electives in the business majors or minors.

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
Questions? Contact Us!

James Padilla, J.D.
Francis J. Noonan School of Business Dean
563.588.7405 |
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Douglas Gambrall, Ed.D.
Associate Professor of Business Administration
563.588.7910 |
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Hugh Graham, M.B.A.
Associate Professor of Business Administration
563.588.7765 |
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William Hitchcock, M.B.A.
Professor of Computing and Information Technology
563.588.7286 |
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Patrick Marzofka, M.B.A.
Associate Professor of Business Administration
563.588.7283 |
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Debra Schleicher, L.L.M., C.P.A., C.M.A., C.F.M.
Associate Professor of Business Administration
563.588.7404 |
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Allison Tringale, Ph.D.
Assistant Professor of Business Administration
563.588.7609 |
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