Luther College's liberal arts education helps students develop personal values and provides them with a background for lifelong learning. The accounting, economics, and management curriculum prepares students for ethical leadership, decision-making, and service in organizations operating within a global environment. The curriculum focuses on developing students' capabilities for analytical thinking and clear oral and written expression.

Students who pursue an education in the business field major in economics, accounting, or management. The faculty encourages students majoring in art, music, theatre, dance, a foreign language, international studies, or health to prepare for administrative opportunities by earning a management minor. A minor in information systems is also offered.

Corporate, nonprofit, and public employer recruiters visit the campus each year, including firms such as Accenture, Deere & Co., Deloitte Touche Tohmatsu, Fastenal Company, Hormel Foods, IBM, Epic, CliftonLarsonAllen, KPMG LLP, Securian, Principal Financial, Thrivent Financial, Baker Tilly Virchow Krause LLP, and Target. The department of economics and business has earned an excellent reputation for the quality and success of its graduates. Many have earned advanced degrees at professional and graduate schools throughout the United States. An exceptionally large number have become CPAs. Luther College graduates are well represented in decision-making positions in private, public, and nonprofit entities both within and outside the United States.