Business Administration

The Business Administration program seeks to make it possible for students to master the requirements – in broad education and in specialized knowledge – to find immediately meaningful work and/or to attend critically a graduate business school program. If theory and analytical techniques of various sorts are readily learned and imitated, communication and interpersonal skills, as well as the ability to weave together and make use of different kinds of knowledge are at once less easily taught or transferred to others. Precisely because they are less easily imitated, they are highly valued by the business environment. The Business Administration program intends to open to students the possibility to internalize those skills and ability through an uncompromisingly excellent classroom teaching that emphasizes the integration of the business disciplines and prudential decision making.

Business Administration addresses the complex phenomenon of acting persons engaged in business transactions. Decisions made during those business transactions are always based on value judgments that rely upon non-systematic information available and upon the purpose of the interacting persons. Personal factors are precisely what makes the difference between good and bad business decisions. The acquired habit of weighing the qualitative and quantitative factors involved in the business oriented personal interaction is the cornerstone of the business craft.

Other majors in our department:
Global Affairs & International Business

Explore the Business Program

The study of business is the study of innovation, creativity, and entrepreneurship that increases value for human life in broad terms.  Involving as it does an organic complex of personal orientation, analytical skills, specialized knowledge, and acquired habits, the study of business – as the study of what wealth is and how it is created by personal action and judgment – can be a noble and fulfilling path of undergraduate study.

Business administration addresses the complex phenomenon of acting persons engaged in business transactions. Decisions are always based upon judgments of value.  The scientific approach to decision-making has an undoubted place, but decisions are always based on imperfect and non-systematic information.  Beyond the technical quality of the decision-making process, the worth of a decision depends crucially on its purpose.  Hence personal factors – virtues, background, and experience – as well as thought, reflection, common sense, and intuition, make the difference between good and bad business decisions.  The acquired habit of prudential weighing the qualitative and quantitative factors involved in business-oriented personal interactions is the cornerstone of the business craft.

Business is a practical endeavor. Indeed, business leaders constantly face critical issues that demand judgment calls, which puts a premium on the acquisition of the habit of prudent action acquired through professional formation, carried out through directed practice and mentoring. Ave Maria’s business education includes exposure and appropriate mastery of the specific knowledge and skills of business, learned in the courses that give students specialized abilities needed for success.

Our students learn the basics of business: marketing and management, finance and accounting, economics and statistics, global issues and business law in a way that is practical and oriented towards what is necessary to actually run a business.  Our students develop and sharpen their skills in communication and analysis, in working with others and working with numbers, in seeing the big picture and in drilling down to details.  Our students learn how to think – how to think better, more broadly, more flexibly – which is the best preparation for the changing world of business.

Business can be a tremendous force for good if pursued with rectitude of intention and a clear-minded awareness of the truth of the human person.  Carried out with an incorrect understanding of its purpose, business can be destructive and corrosive to the community.  Indeed, because it involves human action, business cannot be dissociated from morality and cannot be divorced from virtue.  Yet habits of moral action must be learned existentially: virtue cannot be acquired through study alone.  Ave Maria Business students are blessed to live and study in a context where moral virtue is valued and instilled, where the practices and expectations of the university community encourage students to choose what is right rather than what is convenient. Because students learn to value human beings for what they are, not for what utility they bring, they are able to serve the Church and their society loyally and generously.

1.     Our alumni work in all areas of business: analysis, sales, consulting, management, logistics, accounting, information systems, sports, healthcare.  Many have gone on to graduate study in business, law, and other areas.

2.     We offer a Major and a Minor in Business Administration, a Major and a Minor in Accounting, a Major in Finance, and a Major in Global Affairs and International Business.

3.     We have a close relationship with the Career Services Department.  Jointly we run a Corporate Internship program, through which students are placed in internships that are overseen by our faculty.

4.     Our professors have multiple, advanced degrees in management, accounting, finance, economics, taxation, and law.

5.     The top 20% of business juniors and seniors are qualified for membership in Sigma Beta Delta, the business honor society.

In addition to the core curriculum, business majors take the following courses

ACCT 201 Financial Accounting
ACCT 202 Managerial Accounting
BUSN 201 Principled Entrepreneurship
BUSN 303 Management and Ethics
BUSN 368 Quantitative Business Analysis
BUSN 340 Business Law I
BUSN 490 Strategic Management/Business Capstone ECON 201 Principles of Macroeconomics
ECON 202 Principles of Microeconomics
FINC 301 Fundamentals of Finance
MKTG 200 Marketing
STAT 230 Applied Statistics

One elective in BUSN, ACCT, or FINC

See the Academic Catalog for course descriptions


Ave Maria University is fortunate to be connected to a strong, nationally-recognized network of business managers and CEOs who are looking for the skills and the virtues that characterize Ave Maria students.  We are very active in developing our students’ career potential, connecting them with suitable internships, and ensuring their success.



Business administration majors are highly employable.  The best projections suggest strong growth in both pay and availability of jobs in business.  Business majors work as market research analysts, operation research analysts, accountants, financial advisors, business operations managers, marketing or financial managers, event planners, compliance officers, human resources managers, sales managers, insurance agents, loan officers, etc., in every industry and walk of life.

There is strong competition for good positions in business.  To be competitive, the best business majors distinguish themselves with academic excellence, a second major in a complementary field, internship experience, excellent personal skills, analytical ability, courage, responsibility, moderation, and judgment.



The Business Honor Society Sigma Beta Delta has a chapter at Ave Maria University, to which the top twenty percent of juniors and seniors are admitted.

Davor Pranjic, M.A.

Adjunct Instructor of Business 
Education: M.A., Economics, University of South Florida, B.B.A., International Business, Schiller International Universtiy


Mary Hunt, Ph.D. (candidate)

Assistant Professor of Business & Psychology, Internship Coordinator
Education: B.A., Political Science & Spanish, Wellesley College; M.B.A., Marketing, Washington University; M.S., Industrial/Organizational Psychology, Illinois Institute of Technology; Ph.D. (candidate), Industrial/Organizational Psychology, Illinois Institute of Technology
Office: Henkels 2030
Phone: (239) 304-7128

James Lantzy, D.A.

Adjunct Instructor of Business 
Education:  B.S., Accounting, St. Francis University; M.A., Industrial Relations/Personnel Administration, St. Francis University; D.A., Humanities & Social Sciences, George Mason University

Gabriel Martinez, Ph.D.

Chair of the Economics Department, Associate Professor of Economics and Director of Online Education
Education: B.A., Interdisciplinary Studies, University of South Carolina; M.A., Economics, University of Notre Dame; Ph.D., Economics, University of Notre Dame
Office: Henkels 2056
Phone: (239) 280-1611
Curriculum Vitae: Download


Michael New, Ph.D.

Associate Professor of Economics
Education: B.A., Government, and Economics Modified with Mathematics, Dartmouth College; M.S., Statistics, Stanford University; Ph.D., Political Science, Stanford University
Office: Canizaro Library 219
Phone: (239) 280-1569

Frank Shepard, D.P.S.

Chair of the Business Department, Associate Professor of Finance
Education: B.S., Accounting, Bentley College; M.B.A, Finance, Columbia University Graduate School of Business; D.P.S., Finance & International Economics, Pace University
Office: Henkels 2020
Phone: (239) 304-7345

Dorothy Thompson, D.B.A. (Candidate)

Assistant Professor of Business
Education: B.B.A., Accounting, Texas Women’s University; M.S., Finance, the University of Texas at Dallas; M.S., Accounting, the University of Texas at Dallas; D.B.A. (Candidate), Business Administration, Jaucsniville University
Certification: Certified Public Accountant
Office: Henkels 2052
Phone: (239) 280-1662