News and Events National Business News House OKs mortgage rescue Stocks end higher on sliding oil prices U.S. still a bargain for expats Quick Fact No. 3 The School of Business and Economics (SBE) became the Labovitz School of Business and Economics (LSBE) on May 14, 2003.

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The UMD Labovitz School of Business and Economics (LSBE) has taken great steps forward to truly become the "School of First Choice… for Education you can use Tomorrow!"

Both our undergraduate and graduate programs are accredited by the Association to Advance Collegiate Schools of Business International (AACSB International), which provides the highest accreditation available to schools world-wide. This means you can be assured you will receive the best possible business education.

Our faculty members are dedicated teachers and scholars; over 90 percent have a Ph.D. in their chosen field, and have experience in business, management and research.

The Labovitz School of Business and Economics is part of a comprehensive, dynamic university located in the city of Duluth, Minnesota, on the north shore of Lake Superior where summer and winter recreational opportunities abound.

The School is growing: We have a Financial Markets Program, a one-year program where undergraduate students, in cooperation with investment professionals, manage a $200,000 investment fund. This new program includes a fully equipped financial markets teaching/computer lab with on-line data connections necessary to keep up with current market information.
The School also added a new MBA graduate program in Rochester, Minnesota, that complements the MBA program in Duluth. Several of the students in the Rochester program come from high technology firms in the Rochester area as well as the Mayo Clinic and IBM.

Our school encourages students to participate in active learning opportunities. In addition to offering student internship opportunities, the school includes a large outreach organization, the Center for Economic Development (CED), where students can work with area businesses and also take part in faculty/student teams in the Small Business Initiative (SBI) Program. Currently over 80 percent of our seniors are participating in one of these active learning experiences.

The school recently received a large grant from the U.S. Department of Education to internationalize its curriculum and to provide faculty and students an opportunity to spend time at universities in Sweden and India. Faculty and students are using this opportunity to directly participate in the globalization of business practice.

The Labovitz School of Business and Economics’ Bureau of Business and Economic Research (BBER) has gathered information and done research on the regional economy for a number of years. Each year, the bureau conducts research aimed at providing information to decision makers, often in collaboration with state agencies or private organizations on questions of workforce, economic impact and business development. Students from the school are given opportunities to participate in this work as research assistants.

We have been very fortunate to have alumni and donors that have provided us with funding for scholarships, faculty development and technology. Last year, our alumni and donors provided our students with seven new scholarships; this year we have an additional five, bringing the total scholarships specifically for LSBE students to 52.

In addition, we recently received a $226,000 endowment to promote entrepreneurship and business education for our students.

The Labovitz School of Business and Economics is a vibrant environment for students, faculty, and staff alike. We are deeply involved in education, research, and outreach. We are growing, and we invite you to be a part of our success.