May 28, 2024  
Butler University Bulletin 2023-2024 
Butler University Bulletin 2023-2024

Lacy School of Business

Craig Caldwell, PhD, Dean; Luke Bickel, MA, Director of Graduate Programs; Amy Burke, JD, Director of Assurance of Learning; Hilary Buttrick, JD, Associate Dean Academic Programs; Rebecca Cesarz Cibor, MA, Academic Advisor; JJ DeBrosse, Director of Graduate and Professional Recruitment; Courtney Hatch, PhD, Associate Dean, Faculty; Emily Hawk, JD, Assistant Dean of Innovation; Amber Rowland, Director of Budgets and Personnel

Steven Dolvin, PhD; Stephanie Fernhaber, PhD; Kathy A. Gjerde, PhD; Robert Mackoy, PhD; William Rieber, PhD; Sheryl-Ann Stephen, PhD; William K. Templeton, PhD; William Terando, PhD; Hongjiang Xu, PhD

Associate Professors
Hilary Buttrick, JD; Craig Caldwell, PhD; Courtney Hatch, PhD; Richard E. Fetter, PhD; Bryan Foltice, PhD; Thomas Hanson, PhD; Ronia Hawash, PhD; Larry J. Lad, DBA; Marleen McCormick, PhD; Mauricio Melgarejo, PhD; Margaret Padgett, PhD; Peter Prescott, JD; Victor Puleo, PhD; Hessam Sarooghi, PhD; Jane Siegler, PhD; Deborah Skinner, PhD;

Assistant Professors
Francis Bowen, PhD; Jason Davidson, PhD; Kuhelika De, PhD; Chaundi Jiang, PhD; Jacob Lennard, PhD; Lauren Rukasuwan, PhD; Chi Zhang, PhD

Clinical Assistant Professor
Tom Faulconer, JD; NaShara Mitchell, JD; Brandy Mmbaga, PhD

Erin Anderson, MPAcc; Whitney Bross, PhD; Matthew Caito, MBA; Mark Donner, MS; Brenda Geib Swanson, MBA; Emily Hawk, JD; Tom Karbowski, MBA; Michael Lewinski, JD; Alyson Lurker, JD; Mario Marshall, PhD; Chad Miller, MBA; Kristi Mitchell, MBA; Scott Molander; Anthony Murdock II, JD; Mark Nondorf; John Pemberton, MA; Nick Smarrelli, MBA; Laura Stephan Ryan, JD; Todd Wottring, MBA

Senior Lecturers
Cathy Chamberlaine, MBA;

Adjunct Faculty
Jill Acklin, Lorraine Ball, Marcy Bandick, Michael Bensi, Rebecca Berfanger, Rebecca Carl, Chris Davidson, Melissa DeFrench, Patrick Donahue, Charles Edwards, Brenda Freije, W. Thomas Geibel, Shelley Gupta, Ben Habegger, Kevin Hollenbeck, Christopher Knight, Ted Kuhn, Nathan Logan, Bob Marchesani, David Moore, Christopher Norwood, Sidney Ozobu, Andrea Robinson, Dennis Robleski, Christian Santiago, Heidi Schmidt, Todd Sears, Mark Thacker, Drew Tharp, Heidi Thompson, Jose Vazquez, Brandt Voight, Jerry Wiley; Bradey Wright

Career Mentors
Jennifer Bauchner, Randal Brown, Lori Coe, Katherine Eisenhauer, Ed Friel, Michael Hasik, Ray Kennedy, Samuel LeStourgeon, Robert Marchesani, Carrie Meyer, Chad Miller, Mark Moore, George Newhart, Amy O’Dair-Speaks, Wayne Pack, Eloise Paul, Kay Reddick, Rob Roach, Barry Simich, Jane Surges

Administrative Staff
Amy Chambers, MS, Administrative Specialist, Graduate Programs; Jeanine Cooper, Administrative Specialist, Undergraduate Programs; Beth Falkenbach, Administrative Specialist;  Patti Lamb, Administrative Specialist to the Deans Suite; Ashley O’Riley, Program Coordinator, Graduate Programs; Amanda Ryan, Administrative Specialist to Faculty and Chairs

Lacy School of Business Website

Academic Programs

Undergraduate students in the Andre B. Lacy School of Business receive a rich, well-rounded academic experience that is grounded in the liberal arts and includes a rigorous curriculum in the business disciplines. Students have access to top internship opportunities, immersive study-abroad experiences at our partner schools around the globe, and the opportunity to participate in research with faculty through the honors program. LSB students often continue their studies at top graduate and law schools. Students begin their journey with the First-Year Business Experience, in which they engage in guided self-exploration, hone their teamwork skills, and develop a business plan. This leads into an innovative sophomore experience in which students develop and run a live business for real money.

The Lacy School of Business also offers four graduate degrees. The Master of Business Administration (MBA) is a part-time program that connects theory with business practice. Students kick off their graduate course work by participating in a one-day business problem-solving immersion experience with a local company in the Gateway Experience. This course gives students an initial exposure to the experiential, hands-on learning process in the MBA program. At the end of the program, students participate in the integrated Capstone Experience, which serves as the bookend to the Gateway Experience. This course pulls together everything that students have learned throughout the MBA program into a practical, applied, semester-long consulting project. In addition to these two learning experiences, students encounter real business in a number of other ways on their path to graduation, including participating in a leadership development program, traveling with a faculty member on an international study trip, or serving as a board fellow.

The Master of Professional Accounting (MPAcc) program prepares students for successful careers in the accounting profession, both public and corporate, as well as successful completion of the CPA exam. The one-year curriculum includes a set of fundamental accounting classes and allows students to choose additional courses from two concentration areas: tax and financial reporting. In addition, students may incorporate a number of electives, including a Becker FastPass CPA review course and an international study trip.

The Master of Science in Risk & Insurance (MSRI) program is an online, part-time program that includes two in-residence experiences. It prepares students for advancement to the highest levels of firms in the risk management and insurance industry, or to senior level corporate risk management positions in large firms of all kinds. In addition to master level courses with robust coverage of insurance practice and theory, the program also includes more general management courses that assume that graduates will likely spend most of their time managing broad areas of the business and the work of others. As such, specific knowledge is provided and supplemented with significant emphasis on application of that theory and knowledge.

The Master’s in Management (MiM) online program provides students an accelerated path to gain the business acumen to advance in today’s competitive job market. Offered as both a full-time and part-time program, the Butler MiM is a cohort-based program that starts every June. Courses are taught by Lacy School of Business’s recognized faculty. The program is for recent or soon-to-be college graduates with no, or limited, business knowledge. The Butler MiM offers students a solid foundation in business fundamentals including accounting, marketing, management, and finance. A required internship and dedicated career mentor helps students build their professional network and find an ideal job placement.

Vision and Mission

The Butler University Lacy School of Business will become a recognized national center of excellence in business education. The LSB mission is to prepare students for success in life and leadership in business through experiential learning guided by a research-oriented faculty with relevant business experience.

Degree Programs

  • Major in Accounting (BS)
  • Major in Applied Business Technology
  • Major in Economics (BSE)
  • Major in Entrepreneurship and Innovation (BS)
  • Major in Finance (BS)
  • Major in International Business (BS)
  • Major in Marketing (BS)
  • Major in Risk Management and Insurance (BS)
  • Master of Business Administration (MBA)
  • Master of Public Accounting (MPAcc)
  • Master of Science in Risk & Insurance (MSRI)
  • Master of Arts in Management (MiM)
  • Minors in Applied Business Technology, Business (general), Business Law, Entrepreneurship and Innovation, Healthcare Management, International Business, Marketing, and Risk Management and Insurance

Undergraduate Program Requirements

Students may be graduated upon completion of 122 semester hours, including:

  • University Core Curriculum and requirements
  • Necessary courses to complete a major in accounting, applied business technology, economics, entrepreneurship and innovation, finance, international business, marketing, or risk management and insurance
  • No fewer than 40 semester hours in courses numbered 300 or higher
  • An international business course or experience

At least 50 percent of the required hours in business and economics must be taken at Butler University. Furthermore, the last 30 hours of the required 122 must be taken at Butler unless the student has the advance permission of the dean. Students must meet several grade requirements as well.

  • Overall GPA must be 2.0 or higher.
  • Students must receive a grade of at least C- in the introductory course or courses of their majors. These courses are listed specifically in the curriculum guides available in the School.
  • Students must obtain a GPA of 2.3 or higher in the courses specifically in the major. These details also appear in the curriculum guides.

Student Learning Outcomes

The faculty of the LSB has identified the following outcomes for all students completing its undergraduate curriculum. They address what students should know, be able to do, and value.

  • Business Knowledge: Demonstrate knowledge essential for business practice
  • Business Communication: Communicate effectively both orally and in writing
  • Business Ethics: Apply ethical principles to professional and personal decisions
  • Diversity Mindset: Recognize and appreciate different perspectives and contexts on personal, local, and global levels • Technological Agility: Use the appropriate and current technology to responsibly collect, analyze, manage, and communicate information for business purposes
  • Design-Thinking Mindset: Use data-centered approaches to develop stakeholder-oriented solutions in uncertain contexts. Collaboration Mindset: Demonstrate the ability to work effectively with others. Specific student learning outcomes for each major appear along with the descriptions below.


Essential elements of the undergraduate curriculum are the University Core Curriculum, common business studies, professional development, and majors. Curriculum guides, which list the specific courses required for each major and their sequencing, may be obtained from the LSB office. All students complete the following four modules:

University Core Curriculum

The purpose of the Core is to build broad interests and knowledge as a foundation for a change-oriented business career and useful life. The largest portion of the Core is taken when the student is a first-year student or sophomore.

Common Business Studies

These courses provide students with a thorough understanding of business basics. The component comprises approximately 50 credit hours of accounting, economics, marketing, finance, business law, operations management, organizational behavior, and information technology courses. A capstone academic experience also is required in addition to practical experiences. Most of this element is taken in the sophomore and junior years.

Professional and Career Development Program

This portion of the program helps the student develop a career interest, a sense of emerging professionalism, problem-solving skills, and communication experience, as well as aids in attaining entry-level employment. This program includes two required internships as well as career development courses and activities.