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Flight Training Fees

Flight Training Fees 2013-2014     Lab - Airplane 2013-2014 Fees     AVIA-102L  Private Pilot Lab $7,353 AVIA-103L  Instrument Rating Lab $7,605 AVIA-201L  Commercial I Lab $9,586 AVIA-202L  Commercial II Lab $4,982 AVIA-307L  Commercial III Lab $5,914 AVIA-401L  CFI-Airplane Lab $4,958 AVIA-431L  CFI-Instrument Lab $3,255 AVIA-361L  Multi-Engine Lab $6,319 AVIA-471L  Multi-Engine Instructor Lab* $8,291 *Multi-Engine Instructor is not required to complete the degree.       Lab - Helicopter 2013-2014 Fees     AVIA-102L-50  Private Pilot Lab $15,585 AVIA-201L-50 Commercial I Lab $10,458 AVIA-202L-50 Commercial II Lab $20,320 AVIA-307L-50 Commercial III Lab $13,462       Flight lab fees are based on the following cost per flight hour:   Aircraft - Airplane Per Flight Hour     Warrior  PA-28-151/161 $115 Arrow  PA-28R-200/201 $130 Tomahawk  PA-38-112 $85 Seneca  PA-34-200 $225     Aircraft - Helicopter Per Flight Hour     Enstrom  280FX $398 Hiller  UH-12C $398  


   Introduction In Delaware State University’s accounting program, students learn to think strategically and perform complex analysis of real-world business problems. Through a combination of classroom lecture and hands-on experience, students develop the professional skills and knowledge to succeed in this profession, while obtaining a foundation to pursue credentials, such as: certified public accountant (CPA)  certified management accountant (CMA) certified internal auditor (CIA) Because many states require students to complete 150 hours before sitting for the CPA exam, Delaware State University offers a five-year, 150-hour program in which students earn both an undergraduate accounting degree and an MBA.   Required Courses The Bachelor of Accounting degree consists of 33 credit hours beyond the general management degree. Click here for a sample course schedule.   Course Number  Course Name Credit Hours  42-305  Intermediate Accounting I  3.0 42-306  Intermediate Accounting II  3.0 42-307  Cost Accounting  3.0 42-308  Managerial Cost Accounting  3.0 42-423  Auditing I  3.0 42-311  Individual Tax  3.0 42-402  Business Law  3.0 42-405  Accounting Information Systems  3.0 42-430  Advanced Accounting  3.0 42-427  Governmental Accounting  3.0 42-xxx  Accounting Elective  3.0   For students interested in the 150-hour program in which students earn both an undergraduate accounting degree and an MBA, click here.   Course Descriptions   Professional Preparation   Graduates of the accounting program enter the job market with the professional skills and experience that employers’ value. All students in the program develop the ability to understand and apply core business fundamentals and accounting fundamentals think creatively and apply accounting knowledge in innovative ways communicate professionally use information technology for research, decision making and problem solving write accounting research reports that incorporate qualitative and quantitative data analysis and integrate information from multiple sources identify ethical dilemmas and uphold professional responsibilities work effectively in diverse settings that include individuals of varying educational backgrounds, experience, gender, age, race, and national origin Student Clubs The Accounting and Finance Club and student chapter of the National Association of Black Accountants are very active student organizations. These organizations sponsor networking events, job fairs, guest lectures, and are involved with the institute of Management Accountants and Association of Government Accountants. Internships and Professional Experience Students have the opportunity to gain practical work experience through internships at accounting firms, government agencies, and corporate accounting organizations.    

Accounting Faculty

Dr. Bridget Anakwe
Mr. Michael Katz, J.D.
Ms. Susan Muzorewa
Dr. Bernadette Ruf (Chairperson)
Dr. Joan Williamson

Careers In Accounting

A degree in accounting paves the way to many career opportunities:

  • Public accountants offer financial reporting, auditing and assurance, tax and consulting services.
  • Management accountants provide support for and participate in decision making, planning and budgeting, control and performance evaluation, and strategy in business and other organizations.
  • Government accountants support financial management, financial reporting, internal controls, compliance with policy, planning and budgeting in government agencies.
  • Internal auditors monitor internal controls and compliance with policies, assess enterprise risk, promote efficiency and effectiveness in organizations, and contribute to effective corporate governance.

Recent Placements

  • Ernst & Young
  • KPMG
  • JPMorgan Chase
  • Bank of America
  • Hertz, Rental Car
  • Hirsh Industries


Finance and Banking

  Program Overview Delaware State University students may pursue a Bachelor of Science degree in Business Administration with a concentration in finance and banking. The concentration is designed to prepare students for careers in banks and other financial institutions, as well as in financial management of a broad range of other firms. In addition, many students choose to work for regulatory agencies and other government agencies.     Our program offers a series of fundamental and advanced courses in finance. Students obtain a thorough understanding of the basic concepts, principles, operating procedures and analytical techniques necessary for them to succeed in the business world.   Advanced courses provide opportunities to explore fundamental principles in greater depth and to apply them to real-world situations.   Required Courses At the undergraduate level, the finance and banking concentration consists of a minimum of 18 beyond the required 33 credits of upper level management core courses. Click here for a sample course schedule.   Course Number Course Name Credit Hours 43-315 Financial Markets & Institutions 3.0 43-418 Investments 3.0 43-420 Commercial Bank Management 3.0 43-449 Senior Seminar in Financial Mgmt 3.0 43-xxx Finance and Banking Elective 3.0 43-xxx Finance and Banking Elective 3.0   Course Descriptions Facilities Delaware State University students gain the access to state-of-the-art facilities with current equipment, hardware and software.  The College of Business Financial Network Trading Room is one of the few facilities of its kind at a Historically Black College and University (HBCU) and it facilitates students’ learning in the real world settings. Moreover, two Bloomberg Terminals are installed in the trading room to provide real-time financial data and track market activities, simulating the environment widely experienced by financial professionals and regulatory agencies. The hands-on simulations plus the Bloomberg Product Certification afford Delaware State University students significant advantages in securing internship and career opportunities.  Internships Our students have taken advantage of internship opportunities at such businesses as AIG, J.P. Morgan Chase, Nehemiah Gateway, Ernst & Young, Smithsonian Institute and B.G. PHARM, etc. The internship is typically undertaken after the junior year as finance & banking concentration.    


Finance Faculty

Dr. Young Kwak
Dr. Nandita Das
Dr. Zi “Nancy” Ning

Careers in Finance

  • Financial management
  • Banks and other depository institutions
  • Investment/securities companies
  • Real estate/mortgage firms
  • Insurance companies
  • Government or not-for-profit organizations

Recent Placements

  • Bank of America
  • Discover Financial Services
  • Morgan Chase
  • Comcast
  • Travelers Insurance Company
  • Dover Federal Credit Union



Williamson Bio

  Joan W. Williamson, CPA Department of Accounting, Economics, and Finance College of Business Delaware State University 1200 N. DuPont Highway Dover, DE 19901-2277 Phone:  302-857-6928 Email: EDUCATION PhD, University of Delaware MBA, University of Pittsburgh MDiv, Eastern Baptist Theological Seminary BS, Delaware State University Professional Certification: CPA  -- Pennsylvania PUBLICATION TOPICS • Corporate financial crisis and deregulation • Use of Analytical procedures- hospitality & tourism industry vs. Auditing and financial accounting • Corporate fraud and regulation PROFESSIONAL ACTIVITIES Professor Williamson’s research, presentations and proceedings are listed in the International Review of Business Research Papers, Annual Hawaii International Business Research Conference, The Consortium Journal of Hospitality and Tourism, Academy of Business Disciplines, and International Applied Business Research Conference    

Bernadette Bio

  Bernadette M. Ruf Department of Accounting, Economics, and Finance College of Business Delaware State University 1200 N. DuPont Highway Dover, DE 19901-2277 Phone: 302-857-6917 Email: EDUCATION PhD, Accounting, Virginia Polytechnic Institute and State University M.Acct., Virginia Polytechnic Institute and State University BA, SUNY at Plattsburg AREAS OF EXPERTISE • Managerial Accounting • Accounting Information Systems • Corporate Social Responsibility • Accounting Ethics PROFESSIONAL ACTIVITIES Dr. Ruf’s research has been published in Journal of Information Systems; the Journal of Business Finance & Accounting; Research on Professional Responsibility and Ethics in Accounting; Journal of Business Ethics; Journal of Management; and others. Her papers have been presented at national meetings of the American Accounting Association; the Allied Academies; the Decision Sciences Institute, International Association for Business and Society.    

Katz Bio

  Michael A. Katz, J.D. Department of Accounting, Economics, and Finance College of Business Delaware State University 1200 N. DuPont Highway Dover, DE 19901-2277 Phone: 302-857-6918 Email: EDUCATION Juris Doctor, Widener University School of Law BA, Political Science, State University of New York at Buffalo PUBLICATION TOPICS • Employment Law • Contract Law • Social Responsibility PROFESSIONAL ACTIVITIES Professor Katz’s research has been published in the Atlantic Law Journal, the Midwest Law Review, the Delaware Business Journal, and the Atlantic Economic Journal as well as in various conference proceedings.  His papers have been presented at numerous Academy of Legal Studies in Business International Annual Meetings as well as Midwest Academy of Legal Studies in Business and Atlantic Academy of Legal Studies in Business Annual Meetings.        

Bieker Bio

    Richard F. Bieker   Dr. Richard F. Bieker is Professor of Economics at Delaware State University. He teaches in the area of Economics. He earned his PhD in Agricultural Economics from the University of Kentucky and is a Certified Financial Planner.  In addition to teaching at Delaware State University he has served as a  faculty member or visiting scholar at a number of other institutions in the U.S, including the University of Delaware, Purdue University,  the University of Michigan and Central Michigan University.   He also served as a visiting   faculty member at Slovenská Poľnohospodárska Univerzita (SPU) v Nitre. Dr. Bieker is the author or co-author of over 75 journal articles, technical monographs and books.  His works have appeared in a variety of  refereed journals including the Social Science Quarterly, American Journal of Agricultural Economics, Growth and Change, Financial Counseling and Planning, Journal of Education for Business, Northeastern Journal of Agricultural and Resource Economics, Southwestern Economic Review,  Journal of Economics and Finance, and others.  His current research focuses on asset allocation in defined contribution pension plans, analysis of factors affecting economic growth in selected Eastern European countries and the impact of  accreditation on the quality and cost of higher education.    

Department of Business Administration Research Centers

Center for the Study of Innovation Management The Center for the Study of Innovation Management (CSIM) housed in the Department of Management, College of Business at Delaware State University is a research unit focused on the study of innovation management in organizations. Innovation management is defined as the activities, processes, routines and systems that foster knowledge creation, transformation, dissemination and sharing as it moves an organization towards change and adaptation in their pursuit of value creation and competitiveness. Entrepreneurship is intrinsic to this concept of innovation. The CSIM has a multi-disciplinary orientation in its programs and activities and embraces academic research from colleagues with expertise in psychology, sociology, human behavior, cognitive science, organizational behavior, management, marketing, information systems, economics, accounting, finance and other disciplines applicable to the study of innovation management. Director: Dr. Carlos M. Rodriguez Center for IT Services The Center’s mission is to provide professional IT services to the government agencies, non-profits and small business enterprises in and around Delaware through active student involvement & learning and applied research. The purpose of the center includes, but is not limited to: (a) Offer professional IT services to non-profits, government agencies, and business organizations located in and around Delaware at affordable cost, (b) Maintain relationships with government agencies and industry in and around Delaware, and (c) Provide real-life experience to students in the area of IT services and project management. Director: Dr. Chittibabu Govindarajulu Delaware Center for Transportation The objective of the Delaware Center for Transportation Management is to become a premier resource in the State of Delaware for teaching, training and research in transportation management. The Center will be housed in the College of Business at Delaware State University. The Center will be headed by a Director with project-based staff support. The Center will work closely and collaboratively with the Delaware Department of Transportation (DELDOT), Federal Highway Administration (FHWA), Federal Transit Administration (FTA) and business and industry in Delaware. Director: Dr. Nanda K. Viswanathan

Wall Street 101

  Camp Wall Street 101 – Student Edition Delaware State University’s College of Business, through the Delaware Center for Enterprise Development (DCED), offers a one week day camp for students entering grades 9 through 12 who are interested in learning about finance and the stock market. Camp Wall Street 101 will be held on Delaware State University’s Dover Campus during the first week in August with a capacity for 30 students. Campers will spend the week in the College of Business Financial Network Trading Room, learning the basics about financial management from DSU professors and/or other trained professionals in the finance field. The students will take a field trip to reinforce their learning experience either to the Bank of America Heritage Center, a stock market, or other appropriate financial institution.    DSU’s Financial Network Trading Room, one of three in HBCUs (Historically Black Colleges and Universities), replicates a real-world trading experience and functions as a laboratory and classroom.   Televisions offer access to live coverage of financial news and real-time tickers and stock boards provide students with the latest financial information. Each of the 20 dual-monitor workstations in the Trading Room is equipped with software needed for finance-related activities.    Camp Activities The various activities of Camp Wall Street 101 will give students an excellent overview of financial markets and how they function. They’ll have the opportunity to: Trade and compete in simulated financial markets Learn about time value of money, portfolio theory, and how to use a spreadsheet as well as interpret financial statements Study market efficiency Build models to analyze and value securities Use the tools of Wall Street (including such tools as and Learn statistical, behavioral and other financial insights from games of chance Assemble the building blocks of financial analysis Construct and optimize portfolios Experience college life and interact with members of the DSU student body and College of Business faculty and staff, and Gain valuable mathematics and business knowledge that is aligned with state curriculum guidelines. Each day will feature a simulated trading exercise. Morning sessions will run from 9:00 a.m.–12:00 p.m. Afternoon sessions will run from 1:00–3:00 p.m. Families will be invited to Friday's close-out activities. Camp Wall Street 101 – Teacher Edition The Teacher Edition of Camp Wall Street 101 is a training class for up to 20 teachers at the middle and high school level who are teaching business, finance and marketing related subjects and want to incorporate the Stock Market Game® or other simulated portfolio management project into their curriculum. It is intended to provide in-service hours for the participating teachers with the Delaware Department of Education (DOE) approval and support. The curriculum was developed to ensure that it meets the needs of teachers and their schools. Teachers will spend two/three evenings or one Saturday in the College of Business Trading Room, learning the basics about financial management and trading from DSU professors and/or other trained professionals in the finance field, who will use the Trading Room to provide instruction. While teachers may instruct via the Stock Market Game in their business, finance and/or banking classes at vocational-technical schools or in economics classes, the level of support for this instruction does not include in-depth training or experiential education with actual market information. This type of training is unique to DSU.    This innovative in-service opportunity is designed for teachers who instruct middle school and/or high school students interested in the stock market or financial careers, especially those who teach the Stock Market Game® or have other financial simulations in their classrooms. The in-service opportunity will provide teachers in-depth exposure to what’s happening on Wall Street. It will give them an enhanced understanding of the world of finance and help them to be more effective teachers.    Wall Street 101 – Saturday Academy Delaware State University’s College of Business, through the Delaware Center for Enterprise Development (DCED), offers the Wall Street 101 Saturday Academy. The Academy will be an enrichment experience for middle school youth to gain knowledge about the financial markets and will be held on Delaware State University’s Dover and Wilmington Campus or other community locations. Participants will learn the basics about financial management from DSU faculty or other trained finance professionals.    Academy Activities The various activities of the Wall Street 101 Academy will give students an excellent overview of financial markets and how they function. Academy students will be trained with the curriculum developed for Camp Wall Street participants and will have a field trip to an appropriate financial institution scheduled for a date during the school year. Camp Wall Street Brochure

Small Business Consulting

Small Business Consulting DCED provides consulting services to aspiring entrepreneurs and small business owners. This technical assistance is provided to individuals who need guidance and expertise to start and grow their business ventures. Information is provided on a host of topics including: business plan development, understanding financial statements, and loan package preparation. FREE One-on-One Business Consulting Examine Business Problems  Develop Practical Solutions Assist with Business Plan Development