Business and Management
Offered by the Economics department.

This is not business as usual.

Our programs in business and management are an invitation to re-think business, management and education. We offer a major and a minor that ask you to go beyond the basics of finance, accounting and marketing with the breadth and depth of the liberal arts. In Wheaton’s Business and Management Program, you will learn business and also actually apply what you learn.

Through our concentrations, you will focus your studies in an area of interest. Explore international business. Consider corporate social responsibility. Examine the integration of business practices into non-profit organizations. Balance the demands of today’s marketplace with the need for a sustainable future. Tap into the emerging fields of data analysis and new media communications.

And to put it all together, you will also apply classroom learning to the workplace through real consulting projects with for-profit and non-profit organizations, and internships. An approved Internship experience is a requirement of every Business and Management Major – though many students undertake multiple internships while in college. Career Services at the Filene Center can help you connect with internships and job opportunities.

For more information, contact Russell E. Williams, chair.

Related Departments

-The business and management major includes ten core courses plus a three-course concentration and pre-approved internshipto provide students with an understanding of the field’s main areas as well as the skills to apply academic knowledge in real-world settings.

The core courses span the range of introducing the fundamentals of management; developing a knowledge base in areas such as microeconomics, macroeconomics, marketing, statistics, and accounting; enhancing understanding of organizational behavior; and applying principles of ethics. An internship in an organization will enhance the student’s classroom work and be incorporated into the capstone seminar, which allows the student to integrate learning from throughout the major.

Each student will choose a concentration of three additional courses that, in the tradition of the liberal arts, will encourage students to explore the connections between business management and the larger questions raised by cultural, economic, historical, political, and social contexts. The three-course concentrations offer business majors an area of emphasis.  The concentrations are broad and flexible enough to allow students to develop their own perspective on the world of organizations.

Major Requirements

Business Management major worksheet (pdf)

Core Courses
MGMT 111 Fundamentals of Business
MGMT 210 Business and Management Responsibility
MGMT 250 Accounting
MGMT 320 Organizational Behavior
MGMT 350 Marketing

ECON 101 Introduction to Macroeconomics
ECON 102 Introduction to Microeconomics
or ECON 112 Microeconomics with BioPharma Applications
ECON 255 Corporate Finance

MATH 141 Introductory Statistics
or MATH 151 Introduction to Data Science
or PSY 141 Statistics for the Social Sciences
or SOC 141 Statistics for Social Sciences

MGMT 401 Senior Seminar – capstone

Note: All core MGMT courses must be taken at Wheaton College. (Transfer students will be individually evaluated)

Three-course concentration


As a Business and Management major, you will be required to participate in at least one internship experience as part of the requirements for the major. The required internship will connect to your concentrations and expand your understanding of business and management. The internship that counts towards this requirement must be approved by the program coordinator in advance. Prerequisites before you participate in the required internship:

MGMT 111 Fundamentals of Business and at least two of the following courses:
MGMT 210 Business and Management Responsibility
MGMT 250 Accounting
MGMT 320 Organizational Behavior
MGMT 350 Marketing


Minor requirements

Business Management minor worksheet

The minor in business and management consists of 5.5-6.0 courses.

Required core courses

ECON 102 Introduction to Microeconomics
or ECON 112 Microeconomics with BioPharma Applications
*MGMT 111 Fundamentals of Business
*MGMT 250 Accounting
*MGMT 320 Organizational Behavior

Two of the following courses

ECON 233 Sweatshops in the World Economy
ECON 252 Urban Economics
ECON 255 Corporate Finance
ECON 262 Health Economics
ECON 298 Enterprising Non-Profits
ECON 305 International Finance

Political Science
POLS 321 Public Administration and Public Policy

*MGMT 350 Marketing

*To be taken at Wheaton College (transfer students will be individually evaluated).

  • Business and Management

    MGMT 099 – Selected Topics

    Offered from time to time to allow students to study a particular topic not included in regular courses.

  • Business and Management

    MGMT 111 – Fundamentals of Business

    The goal of this course is to provide an overview and understanding of the major functions and activities of the business world, including international business. All fundamentals are explored: ethics, organizational behavior, leadership, human resources, communication, product conception, finance, operations, and marketing. Semester-long team projects, designed to develop a “Business Plan” for a theoretical business of the team’s choice, apply and integrate these skills and encourage creativity. Case studies and current events will be crucial supplements to the textbook, and a strong emphasis is placed on participation, communication, and teamwork.

  • Business and Management

    MGMT 120 – Innovation and Social Change

    Do you want to make a difference in the world? Are you interested in learning how to build an entrepreneurial venture? If the answer to either of these questions is yes, then this course will show you how. Students will study the basics of entrepreneurship and theories of social change, after which they will explore social, economic, cultural, and environmental problems that affect local and global communities. Working collaboratively in teams, students will then develop and propose solutions to a social problem, and work to transform their ideas into some kind of action. The class provides concrete opportunities for students to develop solutions to real-world challenges.

Students will have the opportunity to work with and learn from noted business and nonprofit leaders in the classroom and through site visits.

Dennis Hanno

  • Business and Management

    MGMT 198 – Experimental Course

    From time to time, departments design a new course to be offered either on a one-time basis or an experimental basis before deciding whether to make it a regular part of the curriculum. Refer to the course schedule for current listings.

  • Business and Management

    MGMT 210 – Business and Management Responsibility

    This course will examine responsibilities organizations have in the workplace, marketplace, communities, and society-at-large to a variety of entities (e.g., consumers, local communities, employees, shareholders, suppliers and distributors, policymakers, and other stakeholders). Topics will include the examination of principles and conduct related to personal and professional behavior in areas such as international business, human resources, marketing, finance, accounting, leadership, philanthropy, and the environment.

  • Business and Management

    MGMT 220 – Innovation and Social Change in Emerging Economies: Ghana

    This course explores how innovation and entrepreneurial activity impact the pace of economic and social development in emerging economies. We will examine the kinds of entrepreneurial activity that exist today in various emerging economies and explore ways to spur further innovation. We will apply these ideas by working with high school students and adults in the Western Region of Ghana to develop innovative solutions that address needs and challenges in the communities. This course will link academic course work with a service learning immersion experience in Ghana.

Course taught during winter semester.

Dennis Hanno

  • Business and Management

    MGMT 250 – Accounting

    In today’s business environment, knowledge with regard to the financial numbers as well as the analysis of financial statements plays a critical role in an organizations success. This course is designed to introduce students to principles guiding financial management. Students will develop an understanding of the overall accounting cycle including basic concepts and terminology. In addition, the goal is to realize the inherent value that accounting brings to organizations. Financial statements will be created and students will learn how these, along with the detailed accounting functions, provide a mechanism to record and communicate an organization’s financial position and help to foster better decision-making.

  • Business and Management

    MGMT 298 – Experimental Course

    From time to time, departments design a new course to be offered either on a one-time basis or an experimental basis before deciding whether to make it a regular part of the curriculum. Refer to the course schedule for current listings.

  • Business and Management

    MGMT 299 – Independent Study

    An opportunity to do independent work in a particular area not included in the regular courses.

  • Business and Management

    MGMT 320 – Organizational Behavior

    A descriptive and analytical study of organizations with the objective to improve organizational relationships and performance. Areas examined include motivation, leadership, morale, social structure, groups, communications, hierarchy and control in organizational settings including for-profit and non-profit.

(Previously PSY 360: Industrial and Organizational Psychology)

  • Business and Management

    MGMT 350 – Marketing

    Marketing is a process of creating, communicating, and delivering value to customers in a way that benefits organizations and stakeholders. We will examine the role of marketing in society, consumer behavior, product management, pricing, distribution and promotion. Marketing strategy and its application in a range of industries (consumer goods and services, business-to-business settings, and not-for-profit organizations) will be introduced.

(Previously MGMT 205: Marketing)

  • Business and Management

    MGMT 370 – Investment

    This course provides students with a general understanding of the operation of capital markets and analytical tools of investment management. We will start with an overview of financial markets. Information on different types of financial assets and financial markets will be covered. In the second section, we will quantify the relationship between risk and returns, develop the modern portfolio theory, and introduce Capital Market Pricing Model (CAPM) and efficient market hypotheses. Techniques for optimally constructing portfolio will be introduced. Finally, we will discuss technical skills to value bonds, equity and derivatives. This course assumes that students have already completed corporate finance and remembered its content. Basic understanding in statistics (or basic calculus) is also required. Multiple assignments and exams will be Microsoft Excel-based so good skill in Excel is anticipated.

  • Business and Management

    MGMT 398 – Experimental Course

    From time to time, departments design a new course to be offered either on a one-time basis or an experimental basis before deciding whether to make it a regular part of the curriculum. Refer to the course schedule for current listings.

  • Business and Management

    MGMT 401 – Senior Seminar

    Individual research projects on approved business and management topics of student interest. Secondary and primary research will be conducted, analyzed, resulting recommendations developed and presented.

Kenneth Bray

Visiting Instructor of Business and Management

C.C. Chapman

Visiting Instructor of Business and Management

Imran Chowdhury

Diana Davis Spencer Chair of Social Entrepreneurship; Associate Professor of Business and Management

James Freeman

Associate Professor of Economics, Coordinator for African, African American, Diaspora Studies

Renée Gallagher

Visiting Instructor in Business and Management

John Alexander Gildea

Professor of Economics

Leanna Lawter

Associate Professor and Coordinator of Business and Management

Sabrina L. Speights

Assistant Professor of Business and Management