Labovitz School of Business & Economics
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The Labovitz School of Business and Economics places an emphasis on outstanding, innovative experiential learning, equipping our students with what they need to know for success in an ever-expanding global marketplace. LSBE maintains the Association to Advance Collegiate Schools of Business (AACSB International) accreditation. Less than 5% of business schools worldwide have earned this prestigious distinction, and in Northeastern Minnesota, LSBE is the only AACSB accredited school. As such, students are guaranteed an education by faculty who meet the highest standards and rigorous criteria in business education. With all that LSBE does for its students and the community, it's our alumni and friends who graciously support our efforts. Alumni and friends fund over 120 LSBE scholarships and support our many innovative programs.
Department of Accounting
The Department of Accounting provides the core competencies in accounting and general business that is necessary for a successful accounting career. The accounting curriculum is combined with a foundation in the functional areas of business law, finance, information systems, marketing, operations, and management, as well as a broad general education. We also place an emphasis on outstanding, innovative hands-on learning opportunities such as our Student to Business Initiative in Accounting, Internships and Volunteer Income Tax Assistance program. We equip our students with what they need to know to be successful in an ever-expanding global financial marketplace.
Department of Economics
The Department of Economics focuses on the social, business, and individual decision-making and the goals, incentives, institutions, and constraints affecting those decisions. The Department of Economics curriculum combines the classical liberal arts and modern quantitative approaches. The Department also places an emphasis on outstanding, innovative experiential learning opportunities, equipping our students with what they need to know for success in business and management careers.
Department of Finance
The Department of Finance focuses on the management of money and other assets. Finance is also the science and art of determining if the funds of an organization are being used properly. Through financial analysis, companies and businesses can take decisions and corrective actions towards the sources of income and the expenses and investments that need to be made in order to stay competitive. Students who pursue a major in finance can prepare for a number of career opportunities including controllership and treasury areas of corporations. We also place an emphasis on outstanding, innovative hands-on learning opportunities such as our Financial Markets and Planning Programs and Internships. We equip our students with what they need to know to be successful in an ever-expanding global financial marketplace.
Department of Management Information Sciences
The Department of Management Information Systems provides a professionally oriented program that prepares students for entry into careers in business computing. The MIS major is designed to give students both the in-depth technical skills needed to design, implement, support, and manage information systems as well as the breadth of knowledge in all business functional areas necessary to produce and manage integrative, technology-based solutions to business/organizational problems. The Department also places an emphasis on outstanding, innovative experiential learning opportunities, equipping our students with what they need to know for success in business and management careers.
Department of Management Studies
The Department of Management Studies offers a major in Organizational Management which allow students to become familiar with different types of organizations and their members, Human Resource Management that encompasses a broad range of activities that affect the relationship between an organization and its employees, and Entrepreneurship, which focuses on the creation of social and economic value through generating new ideas, recognizing opportunities for growth and development, acquiring resources, and managing entrepreneurial endeavors. The Department also places an emphasis on outstanding, innovative experiential learning opportunities, equipping our students with what they need to know for success in business and management careers.
Department of Marketing
Marketing is about facilitating exchanges. It is much more than simply buying and selling, however. Marketing is a mix of product/service, price, promotion, and distribution that will satisfy the customer and organization's objectives. Marketing occurs between organizations (business to business marketing), between organizations and consumers (consumer marketing), globally (international marketing), between profit and not-for-profit organizations, and between individuals. The Department is committed to outstanding, hands-on learning opportunities such as Retail Marketing Analytics and Marketing & Graphic Design.
Financial Markets Program
The main goal of the Financial Markets Program is to provide students with an educational experience that can be directly applied to the Financial Services Industry. With the support of the local financial community, LSBE students have the opportunity to directly apply learned ideas, theories, and tools. The foundation of the Financial Markets Program is based on three key elements: Academic Studies, the Wells Fargo Financial Markets Lab, and the Bulldog Fund, LLC. This non-traditional learning environment offers students the opportunity to apply Fundamental, Technical, and Quantitative Analysis techniques, and encourages the development of their own methodology towards analyzing investment options within the financial markets.
Financial Planning Program
The main goal of the Financial Planning Program is to provide undergraduate students with the knowledge necessary to become a Certified Financial Planner (CFP®). Taught through an AACSB accredited business school, the CFP program offered through the Labovitz School of Business and Economics is the first and only major offered in Minnesota. The real world application and intensive curriculum prepare undergraduate students for internships and, ultimately, a rewarding career as a Financial Planner. In a study done by CNNMoney, “Best Jobs in America 2012,” Financial Advisor ranked in the Top Ten.
Retail Marketing Analytics Program
The Retail Marketing Analytics Program (ReMAP) accepts a maximum of twenty students as either majors or minors in Marketing Analytics. The Program is designed to provide undergraduate students with an educational curriculum that can be directly applied to rewarding careers in the retail and consumer products industries. With a supporting network of retail, consumer products and data suppliers, ReMAP students have the opportunity to build a strong foundation of statistical analysis know-how and directly apply advanced marketing techniques to real-world situations. Program students develop the skills necessary to make strategic merchandising and marketing decisions. As one of the first programs of its kind, Marketing Analytics is offered as an undergraduate major and minor.
Health Care Management Program
The health care industry provides career opportunities for business students who want to make a positive contribution to the health of individuals and communities. Hospitals, clinics, government agencies, pharmaceutical and biotechnology firms, insurance and managed care organizations, and consulting firms are looking for intelligent, creative and assertive individuals in this challenging but rewarding field. In the clinical sector, health care managers work on improving quality and efficiency, controlling costs, implementing new technology (e.g. electronic medical records), recruiting and retaining health care professionals, ensuring compliance with changing regulations, billing and reimbursement, and implementing programs to improve the health of communities. Managers in non-clinical settings work in a variety of areas such as health insurance benefits and enrollment, health information technology, health care marketing, pharmacy benefit management, provider network contracting, medical device and biomedical consulting, and health policy.
Masters of Business Administration
The Labovitz MBA is a part-time program designed for working professionals offered in both Duluth and Rochester, Minnesota. The degree is granted by the Graduate School of the University of Minnesota, which is globally recognized for its academic excellence. Our MBA is one of only two in the University of Minnesota system accredited by the AACSB International-- which represents the highest standard of achievement for business schools worldwide. The program builds upon the foundation of business knowledge our students have already acquired-- in finance and operations, in marketing and management and a variety of other areas. The result-- a valuable employee that is a more confident and capable leader.
Bureau of Business and Economic Research (BBER)
The BBER collects, analyzes, and disseminates information regarding the economy of Duluth, Northeast Minnesota, the State of Minnesota, and Northwest Wisconsin. Our client base is comprised of public and private regional, state, and federal constituencies. Our research identifies economic problems and opportunities, acts as a catalyst to generate research from faculty, staff and students within LSBE and provides students with hands-on, real-world skills of conducting economic and business research and working directly with businesses. We provide unbiased data and analysis concerning the economic viability of building, expanding, relocating, downsizing, and/or eliminating businesses, especially industry-specific businesses, such as forestry, mining, and energy.
Each year CED generates an economic impact by providing technical assistance through one-on-one consultation to over 700 entrepreneurs and existing businesses facilitating more than $20 million in investment capital, and assisting in the creation, retention, and stabilization of over 3,000 jobs. To serve clients more effectively CED has locations throughout Northeast and Northwest Minnesota. Other programs are designed to help start new businesses and encourage innovation and entrepreneurship. CED provides students with experiential opportunities through the Student to Business Initiative (SBI) and in business research internships. Other CED programs are the SBA's Small Business Development Center (SBDC), Economic Gardening, business resource library, entrepreneurial recognition events, workshops, and Broadband initiatives for business growth.
Center for Entrepreneurship and Innovation Program
Entrepreneurs create social and economic value through generating new ideas, recognizing opportunities for growth and development, acquiring resources, and managing entrepreneurial endeavors. The Entrepreneurship major and program is designed to prepare students with conceptual and functional skills that are vital to their careers in any business or organization including nascent startups, corporations, family businesses, nonprofits, or franchises. While launching a new venture or initiative, entrepreneurs require knowledge and skills from various disciplines. Students will learn about the interdisciplinary nature of entrepreneurship through courses in management, marketing, business law, and finance. The major also requires the completion of an experiential learning requirement in which each student will start a new venture or work alongside an entrepreneur as an intern.
Marketing and Graphic Design Program
Marketing & Graphic Design is a collaborative professional degree between the LSBE and the School of Fine Arts. There is a strong industry need for graduates whose skills span beyond the traditional disciplines in business. Many organizations are looking for entry-level graduates who are trained in traditional marketing analysis but who also possess applied graphic design skills. Academics will combine core marketing knowledge with graphic design skills so that graduates can help companies create effective traditional and online marketing campaigns that are built on strong business and design fundamentals. The program also places an emphasis on outstanding, innovative experiential learning opportunities, equipping our students with what they need to know for success in business and marketing careers.