Lacy School of Business


Craig Caldwell, PhD, Interim Dean

William K. Templeton, PhD, Associate Dean, Undergraduate Programs

Amy Burke, JD, Director of Assurance of Learning

Rebecca Cesarz Cibor, MA, Academic Advisor

JJ DeBrosse, Director of Graduate and Professional Recruitment

Kathleen Hood, MBA, Director of Budgets and Grants


Robert B. Bennett Jr., JD; Steven Dolvin, PhD; Stephanie Fernhaber, PhD; Kathy A. Paulson Gjerde, PhD; Robert Mackoy, PhD; Sakthi Mahenthiran, PhD; William Rieber, PhD; William K. Templeton, PhD; William Terando, PhD

Associate Professors

Craig Caldwell, PhD; Courtney Hatch, PhD; Richard E. Fetter, PhD; Bryan Foltice, PhD; Barry E. King, DBA; Larry J. Lad, DBA; Marleen McCormick, PhD; Mauricio Melgarejo, PhD; Margaret Padgett, PhD; Peter Prescott, JD; Victor Puleo, PhD;  James Sander, PhD; Deborah Skinner, PhD; Sheryl-Ann Stephen, PhD; Hongjiang Xu, PhD

Assistant Professors

Doug Ayres, PhD; Francis Bowen, PhD; Thomas Hanson, PhD; Ronia Hawash, PhD; Xiang Li, PhD; Nick Mmbaga, PhD; Arilova Randrianasolo, PhD; Hessam Sarooghi, PhD; Jane Siegler, PhD; Chi Zhang, PhD

Visiting Assistant Professor

Brandy Mmbaga, PhD


Whitney Bross, PhD; Matthew Caito, MBA; Cathy Chamberlaine, MBA; Jason Davidson, MBA; Jeff Durham, MBA; Tom Faulconer, JD; Lisa Hines, MBA; Tom Karbowski, MBA; Randy Keeling, MBA; Michael Lewinski, JD; Alyson Lurker, JD; Kristi Mitchell, MBA; NaShara Mitchell, JD; John Pemberton, MA; Maranda Stars, MPAcc; Laura Stephan Ryan, JD; Lori Tindall, MBA

Adjunct Faculty

Don Allen, MS;  Erin Anderson, MAcc; Don Aquilano, MBA; Paul Ashley, MS; Michael Bensi, MBA; Hilary Buttrick, JD; Patrick Donahue, PhD; Charles Edwards, JD; W. Thomas Geibel, MBA; Mike Haugh, MBA; ; Zach Linder, MBA; Marie Mackintosh, MBA; Mark Maddox, JD; Allison Marchesani Ackerman, MA; Bob Marchesani, MBA; Pat Meister, PhD; Timothy O’Donnell, PhD; Heather Quigley-Allen, MBA; Wahida Saeedi, MBA; Heidi Schmidt, MD; Todd Sears, MA; Cari Sheehan, JD; Mike Simmons, DBA; Heidi Thompson, MBA; Jose Vazquez, MBA; Brandt Voight, JD

Executive Career Mentors

Don Allen, MS; Randy Brown; Lori Coe, MBA; ; Tom Flowers, MBA; Ed Friel; Ronald Gress; Paul Madden; Bob Marchesani, MBA; Carrie Meyer, MS; Mark Moore, MHA; Wayne Pack; Paul Patton; Eloise Paul, BS; Julie Schrader, MBA; Barry Simich, MS; Jane Surges, MS, SPHR; Mike Thomas, MBA

Administrative Staff

Amy Chambers, MS, Administrative Specialist Graduate Programs; Beth Falkenbach, Administrative Specialist; Ashley O’Salway, Administrative Specialist, Graduate Programs; Sarah Ziegler, Administrative Specialist

Old National Bank Center for Business Excellence

Ginger Lippert, Manager; Brooke McCormack, Administrative Specialist

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 to 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 coursework 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.

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.

Specific student learning outcomes for each major appear along with the descriptions on the majors and minors page within this site.

Degree Programs

Major in Accounting (BS)

  • Major in Economics (BSE)
  • Major in Entrepreneurship and Innovation (BS)
  • Major in Finance (BS)
  • Major in International Business (BS)
  • Major in Management Information Systems (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 Business (general), Business Law, Entrepreneurship and Innovation, Healthcare Management, International Business, Management Information Systems, Marketing, and Risk Management and Insurance