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Randall J. Lewis, Ph.D.

Professor of Business Finance, Director of Trading Center
Poling Center - Room 213
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Randall Lewis has worked as a professor of finance, economics and international business at Spring Arbor University for 33 years. He is Chair of the Finance Department and Director of the TRUE Community Credit Union Trading Center. He teaches both in the undergraduate finance program and the MBA program where he has developed much of the curriculum. He holds a doctorate from Michigan State University, an MBA in finance and a bachelor’s degree in accounting. His dissertation was a comparison between U.S. and Japanese automobile suppliers. He has worked as an Accountant, Financial Analyst, Controller and Auditor for LaBelle Management, Columbia Gas Systems, Dana Corporation and H.K. Porter, Inc.

He has traveled to Cuba, England, Ireland, Scotland, Jamaica, France, Germany, Ukraine, China, and Russia attending conferences, teaching finance and leading students. Integral in the funding, design and operation of the C.P. Federal Credit Union Securities Trading Center, Randall has developed a course that focuses on New York financial markets including a floor tour of the New York Stock Exchange. Randall takes students to New York City for a financial district and corporate tour several times per year. He also advises students in the management of a student run mutual fund called the Student Managed Investment Fund. Randall works with small student cell groups teaching students how to invest their own funds. He developed an undergraduate CFP Board approved Financial Planning major started in the Fall of 2021.


  • Ph.D.: Michigan State University


I was brought to SAU in 1989 after teaching an Investment class as an adjunct. I love SAU students because they have great attitudes, are trustworthy and they are great learners. My amazing students and my colleagues have kept me here for 33 years.

Memberships and Affiliations

Certified Financial Planning Board Member 2 years Christian Business Faculty Association 30 years

Certified Financial Planning Board Member 2 years Christian Business Faculty Association 30 years

Awards & Honors

Faculty Merit Award



Chan, C; Lewis, R; McCown, J. (2019) Developing Long-Term Strategies and Policies for the Student Managed Investment Group: Lessons Learned from Over a Decade of Running the Group. For presentation at International Conference on the Pacific Rim Management at Western Washington University, August 2019, Bellingham, WA
Lewis, R; McCown, J. (2018). Historical Rate of Return (HIRR) – Redefining Capital Budgeting. For presentation in March 2018 Michigan Academy of Science, Arts and Letters in Mt. Pleasant, MI.
Lewis, R; Chan, C. (2017). Developing Best Practices for Teaching Investments to our Generation Z. For presentation in October 2017 CBFA Annual Meeting in San Diego, CA.
Lewis, R; Vallillee, V. (2009). Social Responsibility in the Diamond Industry. For presentation in November 2009 Russian American Symposium at Spring Arbor University, Spring Arbor, MI.
Lewis, R; Vallillee, V. (2009). Effects of the 2008 Financial Crisis on International Imports. For presentation in April 2009 at Finance Conference at Nizhny Novgorod State University.
Lewis, R; Erwin, P; & Chan, C. (1999). Cooperation and Competition Among Electric Utility Companies: A Discussion of Business Strategy Under Restructuring of the Industry. Proceedings of 30th annual Meeting of the Midwest Decision Sciences Institute, Springfield, Illinois.
Lewis, R; Joseph, G. (1998). Agency Theory, Opportunism and the Confusion of Relativism. 1998 Annual Christian Business Faculty Association, Vancouver, B.C.
Lewis, R; Erwin, P; & Chan, C. (1997). A Comparative Study of Japanese and U.S. Training in Automobile Industry Suppliers: Background and Literature Review. Proceedings of Twenty-Eighth annual Meeting of the Midwest Decision Sciences Institute, Indianapolis, Indiana.
Erwin, P; Chan, C. & Lewis, R. (1996). Reengineering the organization: an accounting/finance perspective on the implications of electric utility companies moving from cost centers to profit centers under deregulation. Proceedings of Twenty-Seventh annual Meeting of the Decision Sciences Institute, Orlando, Florida.
Chan, C; Lewis, R; & Erwin, P. (1996). Strategic implications to electric utility companies under deregulation – an industry analysis. Proceedings of Twenty-Seventh annual Meeting of the Midwest Decision Sciences Institute, South Bend, IN.
A Comparative Study of Japanese and U.S. Training Processes, Strategies and Outcomes in Automobile Industry Suppliers; Dissertation, 1995.
Basic Business Principles for Customer Service Centers; Training Manual for Consumers Power Company, 1995.

Recent Research

“Social entrepreneurship education for Gen Z students and beyond” has been accepted to the Business and Administration Section of the Michigan Academy of Science, Arts & Letters.

Abstract of “Performance related to dividend policy after the onset of COVID 19” to present in the Economic Section of the Michigan Academy of Science, Arts, and Letters Annual Conference has been accepted.

Other Relevant Experience

Completed introductory and graduate workshop certifications at the NYSE Summer of 2004 and 2005
Became active faculty member of the CFP Board in 2021