2020-2021 Undergraduate Catalog 
    May 29, 2022  
2020-2021 Undergraduate Catalog [ARCHIVED CATALOG]

Business and Economics

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Department Director & Chair: Melissa Varao, Ph.D., CPCE

The programs in the Department of Business and Economics build upon the liberal arts spirit and the Catholic values of Salve Regina University in order to provide a broad range of studies for students interested in the leadership and management functions associated with the allocation of resources and decision processes inherent in a highly competitive global business environment. Students have the opportunity to develop critical, analytical, and decision-making skills as they are introduced to management theories, business practices, and critical and emerging technology. The challenges and the advantages of working with an increasingly diverse work force are incorporated into appropriate course offerings. The emerging global market and the competitive forces shaping strategic plans and the future of the U.S. and the international business environments are central issues to the Department of Business and Economics programs’, including majors in Accounting, Business Administration, Economics, Financial Management, Global Business and Economics, Healthcare Administration, and Marketing. The program also offers minors in Accounting, Business Administration, Economics, Global Business and Economics, Healthcare Administration, Marketing, Mathematical Finance, and Sport Management. The Business curriculum is developed in consonance with the recommendations of accreditation bodies, the departmental faculty, and an advisory council of business professionals, academic colleagues, staff, and accomplished alumni, including an Executive in Residence, to meet the current demands of the global business environment.

Professional Accreditation

All Majors and Minors excluding the Bachelor of Arts (BA) in Economics and the Bachelor of Science (BS) in Economics within the Department of Business and Economics are professionally accredited by the International Assembly for Collegiate Business Education (IACBE). The IACBE establishes professional standards for program content and is a leader in requiring outcomes assessment to measure institutional and program effectiveness.

Sigma Beta Delta International Business Honor Society

The Department of Business and Economics maintains an active chapter of Sigma Beta Delta, the International Honor Society for Business, Management and Administration and recognizes academic excellence and personal achievements of undergraduate and graduate students within the Department.

IMA Accounting Honor Society

Students achieving academic excellence in the study of Accounting and Financial Management are invited to join the Institute of Management Accountants’ Honor Society (IAHS) in the spring of their junior or senior year.

The Alpha Mu Alpha National Honor Society

Alpha Mu Alpha is the national marketing honorary for qualified undergraduate, graduate and doctoral marketing students, and marketing faculty. Students achieving academic excellence in the study of Marketing are invited to join the honor society in the Spring semester of their Senior year.

American Marketing Association (AMA)

Salve Regina University’s American Marketing Association is an international organization for students interested in furthering their study and practice of marketing. The Salve Regina University Chapter of the American Marketing Association provides marketing resources and education by offering professional development activities and networking opportunities. National competition and local community service projects not only enhance members’ skills and knowledge, but also promote ethical decision-making and responsible citizenship.


Enactus is an international student organization comprised of 72,000 students from over 1,700 college campuses and 36 different countries. The Salve Regina University Enactus team is dedicated to helping local businesses and non-profit organizations find solutions to their complex, real-world problems. Each year Enactus holds national competitions in 36 different countries to give colleges the opportunity to showcase their teams’ projects and determine a national championship team, which then advances to compete at the Enactus World Cup where one college team is crowned the best team in the world.

Combined Bachelor’s/Master’s Degrees in Business

Salve Regina University offers an accelerated program of study that leads to both a bachelor’s and a master’s degree within five years. This program is designed for the University’s highly motivated, academically talented and qualified undergraduates with a recommended grade point average of 3.30 or higher by Spring of their junior year. Current undergraduates must complete the application process by February 15 of their junior year.

Undergraduate students considered for the five-year program are conditionally accepted into the master’s program and may take four graduate courses (12 credits) during their senior year. Of these 12 credits, six are applied to the undergraduate degree. Final program acceptance is contingent upon successful completion of the undergraduate degree and four graduate courses in the senior year. The total number of credits required to complete the five-year program is 150, 24 of which are graduate credits taken in the fifth year. Undergraduate students may register for no more than two graduate courses per semester and for a total of no more than four graduate courses while having undergraduate status.

Individuals interested in earning an M.B.A, M.S. Innovation and Strategic Management, or M.S. Healthcare Administration through this program need to inform their appropriate undergraduate advisor and meet with the graduate business program director during the first semester of their junior year.

Requirement of Majors

Students in the Business and Economics Department are required to maintain a minimum of a C+ (2.3) overall average to remain in the Business and Economics program.

Business and Economics Core Requirements

The Business and Economics program requires students enrolled in courses of study leading to the award of a degree in Accounting, Business Administration, Economics (BS), Financial Management, Global Business and Economics, Healthcare Administration, or Marketing to complete the following core course requirements (42 Credits):

ACC101: Financial Accounting 4 Credits

ACC104: Managerial Accounting 4 Credits

ECN101: Introductory Macroeconomics 3 Credits

MGT120: Management and Organizational Behavior 3 Credits

MGT212: Business Communication 3 Credits

MGT270: Financial Management 3 Credits

MGT280: Principles of Marketing 3 Credits

MGT300: Ethics for Business 3 Credits

MGT403: Business Law - Labor Law 3 Credits

MGT490: Strategic Business Planning Capstone 4 Credits

STA173: Statistical Methods 3 Credits

One of the following courses:

APT103: IC3 GS5 Certification: Internet and Computing Core Certification 3 Credits

APT304: Microsoft Certified Application Specialist (MCAS) 3 Credits

ACC341: Accounting Information Systems 3 Credits *

One of the following courses:

MTH172: Quantitative Methods for Business 3 Credits or higher

MTH191: Applied Calculus 3 Credits **

*Accounting Majors ONLY
**B.S. Financial Management and B.S. Economics majors must take MTH191 and do not have the MTH172 option.

Program and Course Listings



    The University confers undergraduate degrees in the following disciplines:


    The University offers a number of single discipline and interdisciplinary minors which students may complete to enhance their education.


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