Business and Economics
Director & Department Chair: Missy Varao, PhD, CPCE
The Department of Business and Economics at Salve Regina University blends the university’s liberal arts foundation and Catholic values with a comprehensive business education. Our programs prepare students for leadership and management roles in an increasingly competitive global business environment. Through a dynamic curriculum, students develop critical thinking, analytical reasoning, and decision-making skills as they explore management theories, business practices, analytical frameworks, and emerging technologies.
Recognizing the complexities of today’s workforce, our courses integrate discussions on diversity, globalization, data analytics, and strategic planning. Students examine the evolving global marketplace and the competitive forces shaping business strategy in the U.S. and abroad. The department offers majors in Accounting, Business Administration, Economics, Finance, Global Business and Economics, Healthcare Administration, and Marketing, as well as minors in Accounting, Business Administration, Economics, Entrepreneurship, Finance, Global Business and Economics, Healthcare Administration, Hospitality and Tourism Management, Marketing, and Sports Management.
Our curriculum is designed in collaboration with accreditation bodies, esteemed faculty, and an advisory board of business professionals, academic colleagues, and accomplished alumni. This includes an Executive in Residence, an Entrepreneur in Residence, and a Strategic Partnership Officer, all of whom contribute valuable industry insights. By aligning with the demands of the modern business world, we ensure that our graduates are well-prepared for success in their careers and beyond.
Professional Accreditation
All majors and minors, excluding the Bachelor of Arts (BA) in Economics and the Bachelor of Science (BS) in Business Economics, within the Department of Business and Economics are professionally accredited by the International Accreditation Council for Business Education (IACBE), which establishes professional standards for program content and is a leader in requiring outcomes assessment to measure institutional and program effectiveness.
The Center for Business Outreach (CBO)
The Center for Business Outreach, located in O'Hare 127, is the Business and Economics departmental hub that provides stimulating, real-world learning opportunities for students throughout their college careers. Launched in 2014, the center connects with the greater Newport community and beyond by linking business owners, civic and nonprofit organizations, entrepreneurs, and the public sector with students, faculty, and alumni. The high-tech, professional boardroom allows our students to get comfortable presenting, networking, and learning in a real boardroom setting. Students have the opportunity to network with business professionals throughout the U.S. and abroad through round-table and panel discussions, workshops, guest speakers, industry mentors, mock interviews, and more. The center also engages alumni and business leaders who serve as entrepreneurial advisors, offering professional expertise to enhance students’ perspectives and understanding beyond the classroom.
Through a multitude of experiential projects hosted through the center, our students utilize the skills they acquire in the classroom to offer research and strategic solutions that help business owners expand their reach. Through their work with the center, students develop business plans, marketing strategies, customer surveys, cost analyses, and more.
Alpha Mu Alpha Marketing National Honor Society
Alpha Mu Alpha is the national honor society recognizing academic excellence in the field of marketing. Established by the American Marketing Association, this prestigious society is open to outstanding undergraduate and graduate students as well as distinguished marketing faculty. Membership in Alpha Mu Alpha is an esteemed distinction, signifying a commitment to academic achievement, professional development, and ethical marketing practices. Each spring, senior marketing students who have demonstrated exceptional scholastic performance are invited to join, gaining access to a distinguished network of marketing professionals and scholars. This recognition not only enhances students’ academic credentials but also provides valuable opportunities for career advancement and lifelong engagement within the marketing discipline.
Eta Sigma Delta International Hospitality Honor Society
Salve Regina University proudly hosts a chapter of Eta Sigma Delta (ESD) International Honor Society, which recognizes outstanding academic achievement among hospitality and tourism students. Administered by the International Council on Hotel, Restaurant, and Institution Education (I-CHRIE), ESD provides its members with valuable professional, organizational, and educational benefits, enhancing their credentials in a competitive global industry.
Each year, high-achieving students are inducted into ESD during the university’s honors and awards ceremony, distinguishing themselves among educators, recruiters, and industry leaders. Membership in ESD not only acknowledges academic excellence but also reinforces Salve Regina’s commitment to developing future hospitality and tourism professionals.
Omicron Delta Epsilon International Honor Society for Economics
Omicron Delta Epsilon (ODE) is one of the world’s largest and most prestigious academic honor societies dedicated to economics. The society's mission is to recognize exceptional scholastic achievement in the field of economics and honor outstanding contributions to the discipline. ODE fosters closer connections between students and faculty, promoting collaboration within and across academic institutions. Through its official journal, The American Economist, ODE provides a platform for scholarly research and discourse. The society also sponsors panels at professional conferences and hosts both Graduate Research and Undergraduate Research Award competitions, offering members valuable opportunities for professional growth and academic recognition. Membership in ODE is a distinguished honor, opening doors to a network of accomplished economists and enhancing career prospects within the field.
Sigma Beta Delta International Business Honor Society
The Department of Business and Economics proudly hosts an active chapter of Sigma Beta Delta, the International Honor Society for Business, Management, and Administration. This prestigious society recognizes the highest levels of academic excellence and personal achievement among undergraduate and graduate students within the Department. Sigma Beta Delta serves as a mark of distinction, celebrating students who have demonstrated exceptional leadership, scholarship, and ethical standards in their academic and professional endeavors. Membership in this honor society provides students with valuable networking opportunities, enhancing their credentials and preparing them for success in the global business world.
American College of Healthcare Executives (ACHE)
The Salve Regina University chapter of the American College of Healthcare Executives (ACHE) provides students with valuable opportunities for professional growth, industry engagement, and career development in healthcare administration. Open to undergraduates, graduate students, and mid-career professionals, the chapter connects members with the Rhode Island ACHE network and hosts events such as panel discussions, networking opportunities, and industry-specific workshops. Through these initiatives, students gain insights into key healthcare topics, build professional relationships, and enhance their readiness for leadership roles in the field.
American Marketing Association (AMA)
The Salve Regina University chapter of the American Marketing Association (AMA) provides students with opportunities to enhance their marketing knowledge, develop professional skills, and engage with industry professionals. Through workshops, guest speakers, and networking events, members gain insights into key marketing strategies and emerging industry trends. The chapter also participates in national competitions and community service projects, fostering ethical decision-making and responsible citizenship.
Each year, AMA members represent Salve Regina at the American Marketing Association’s International Collegiate Conference, where they compete against hundreds of top institutions in events such as marketing strategy, sales, and design challenges. Salve students have consistently placed among the top competitors, earning recognition for their strategic thinking, creativity, and professionalism. Through these experiences, members strengthen their marketing expertise, build valuable industry connections, and prepare for successful careers in the field.
Accounting and Finance Club
The Accounting and Finance Club provides students with opportunities to explore careers in accounting and finance, connect with industry professionals, and build a strong professional network. Each year, the club hosts events such as industry speaker sessions, career panels, and networking opportunities with alumni and recruiters. Signature events include Public Accounting Night, the Salve Student Internship Panel, and the "What I Wish I Knew" event, where upperclassmen share insights with underclassmen from these majors. The club also collaborates with professional organizations and hosts regional conferences, further enhancing students' career readiness and engagement in the field.
Investment Club
The Salve Regina University Investment Club provides students with hands-on experience in portfolio management, financial analysis, and investment strategy. Through participation in national competitions, industry events, and networking opportunities, members develop critical skills that prepare them for careers in finance and asset management.
Each year, club members compete in prestigious events such as the Student Managed Investment Fund (SMIFC) Conference & Competition, where they present their stock portfolio analyses against teams from top universities across the U.S. and abroad. Salve students have consistently placed among the top competitors, earning recognition for the depth and professionalism of their submissions. In addition to competitions, students visit major financial institutions, engage with industry professionals, and attend panel discussions with senior wealth managers and analysts. These experiences allow members to apply classroom knowledge in real-world settings, strengthening their expertise and professional networks in the finance industry.
Microsoft Excel Collegiate Challenge (MECC)
The Salve Regina University Department of Business and Economics provides students with opportunities to develop advanced technical skills through hands-on competitions and industry-recognized certifications. Each year, our students compete in the International Microsoft Excel Collegiate Challenge (MECC), a prestigious global competition that tests participants’ expertise in data analysis, financial modeling, and problem-solving using Excel.
Salve teams have consistently ranked among the top performers in a field of thousands of students from universities around the world. In addition to demonstrating strong technical proficiency, participants gain valuable networking opportunities, connect with industry leaders, and enhance their career prospects in data analytics, finance, and business intelligence. The competition serves as a platform for students to apply their Excel skills in real-world scenarios while building a foundation for future success in their careers.
VITA Tax Program
For over a decade, Salve Regina University’s Accounting students have participated in the AARP-VITA Tax Preparation program, providing essential tax services to low-income individuals in the community. Through this initiative, students undergo rigorous training and must pass the Advanced AARP tax preparation examinations before assisting with tax returns.
Each year, Salve students play a vital role in supporting the completion of thousands of tax returns at various community locations, including libraries, senior centers, and outreach organizations. This hands-on experience not only strengthens their technical and professional skills but also instills a strong sense of civic responsibility. The VITA program exemplifies Salve Regina’s commitment to experiential learning while allowing students to make a meaningful impact in the lives of those they serve.
Short-term Study Abroad Programs led by Business Faculty
The Department of Business & Economics at Salve Regina University offers two dynamic short-term study abroad programs that provide students with immersive, hands-on learning experiences in global business, finance, and sports tourism.
Each summer, students have the opportunity to participate in a four-week study abroad program in Oxford and London, earning six credits through St. Clare’s in Oxford. This program blends academic coursework with experiential learning, featuring simulations, guest speakers, and site visits to iconic locations such as the British Museum, Salisbury Cathedral, Stonehenge, and Blenheim Palace. Students also engage with literature and history by exploring sites tied to famous works, including Christ Church College, which inspired Harry Potter’s Hogwarts, and Jane Austen’s Bath. Cultural highlights include attending Shakespearean performances at the Globe Theatre and concerts at the Sheldonian Theatre. Students in the European Financial Markets course further enhance their studies by simulating London Stock Exchange activities, managing a virtual international stock portfolio, and visiting key financial institutions, making this program a standout offering in the department.
The department also runs a two-week Sports Tourism program in Limerick, Ireland, hosted by Mary Immaculate College. This program allows students to explore the intersection of sports and tourism while fulfilling elective requirements for various business-related majors and minors, like Sports Management and Hospitality and Tourism Management. Participants visit renowned stadiums such as Croke Park and TUS Gaelic Grounds, experience Irish sports like hurling, and hear from industry experts, including leaders from the Gaelic Athletic Association (GAA). The program examines how Ireland’s national identity and cultural preservation efforts are reflected in sports such as Gaelic football, camogie, and rugby, while also exploring the role of sports tourism and event management in economic development.
Both programs exemplify the department’s commitment to experiential learning, offering students unique international perspectives that enhance their academic and professional growth.
Accelerated 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 should complete the application process by February 15 of their junior year.
Undergraduate students considered for the accelerated bachelor’s/master’s degree program are conditionally accepted into the master's program and may take graduate courses during their senior year. Up to six graduate credits can be applied to the undergraduate degree and up to six more can be taken for graduate credit. Final program acceptance is contingent upon successful completion of the undergraduate degree and graduate courses in the senior year. The total number of credits required to complete the accelerated bachelor’s/master’s degree program is 150. Undergraduate students may register for no more than two graduate courses per semester.
Individuals interested in earning an M.B.A, M.S. Organizational Transformation and Leadership, or M.S. Healthcare Administration through this program should inform their appropriate undergraduate advisor and meet with the graduate business program director, ideally by the first semester of their junior year.
Requirement of Majors
Business and Economics Core Requirements
The Department of Business and Economics requires students enrolled in courses of study leading to the award of a degree in Accounting, Business Administration, Economics (B.S.), Finance, Global Business and Economics, Healthcare Administration, or Marketing to complete the following core course requirements (42 Credits).
Code | Title | Credits |
---|---|---|
ACC-101 | Financial Accounting (and ACC 101 Lab) | 4 |
ACC-104 | Managerial Accounting | 3 |
ECN-101 | Introductory Macroeconomics | 3 |
MGT-030 | Excel Modeling and Analysis | 1 |
MGT-120 | Principles of Business Management | 3 |
MGT-160 | Business Analytics | 3 |
MGT-212 | Business Communications | 3 |
MGT-270 | Financial Management | 3 |
MGT-280 | Principles of Marketing | 3 |
MGT-300 | Ethics for Business | 3 |
MGT-403 | Business Law-Labor Law | 3 |
MGT-490 | Strategic Business Planning Capstone | 4 |
MTH-172 | Quantitative Methods for Business (or Higher) 1 | 3 |
STA-173 | Statistical Methods | 3 |
Total Credits | 42 |
Business Bachelor of Science Student Learning Outcomes
At the completion of the program, students will be able to:
- Apply the principal concepts, theories, and practices in and recognize the interrelationships between the functional areas of business.
- Apply the intercultural and global dimensions of management to business decisions.
- Apply the relevant theories and principles associated with the economic environment of business.
- Evaluate legal and ethical principles in business and apply them to organizational decision making.
- Apply business-related research and quantitative tools to the formulation of management decisions.
- Construct coherent oral and written forms of communication and present them in a professional context.
- Work effectively with diverse colleagues in team situations.
- Integrate theory and practice in the business functional areas to analyze organizational problems and challenges.
Economics Student Learning Outcomes
At the completion of the program, students will be able to:
- Understand the strengths and weaknesses of economic theory.
- Evaluate the costs and benefits when comparing economic policy choices by synthesizing and interpreting economic information, including quantitative analysis.
- Communicate effectively in writing and orally.
- Have a global economic perspective and are able to assess and compare global economic issues.
- Collect, analyze, and assess economic data.