College of Business Overview

The Joseph A. Butt, S.J., College of Business, founded in 1947, holds membership in the American Association of Colleges and Secondary Schools, Association of American Colleges, Association of Jesuit Colleges and Universities, National Catholic Educational Association, the Southern Business Administration Association, and the Southwestern Business Administration Association.

The College of Business' baccalaureate program was accredited by the Association to Advance Collegiate Schools of Business (AACSB) in 1950. The graduate division of the college was established in 1961, and accredited in 1974. The college was reaccredited in 1983, 1999, and in 2010. The College of Business is also accredited by the Southern Association of Colleges and Schools (SACS).

Degree Programs + Courses

The College of Business offers the following undergraduate degree programs:

The College of Business also offers the following minor programs of study:

The College of Business offers required and elective courses in the following areas:

Graduation Requirements

In order to graduate, a student must meet the graduation requirements of the university and college and must possess a Loyola grade point average (GPA) of at least 2.0, as well as a GPA of at least 2.0 in all business courses taken at Loyola. Students must also complete all of the listed required courses for their major(s) and have a GPA of at least 2.0 in those major courses taken at Loyola.

Residence Requirements

At least half of the business adjunct courses taught in the College of Business, at least half of the business core courses, at least 15 credit hours of the required major courses, and the capstone BA B445 "Business Policy" course must be taken at Loyola. Course substitutions and exceptions to these guidelines or requirements are allowed only with permission of the associate dean.

Independent Study

A student may apply for an independent study only in the following two cases:

  1. The student needs a course for graduation which is not presently being offered, or
  2. The student desires to study a topic(s) not covered in courses offered by the college.

An overall GPA of 2.0 is required in order to be eligible to enroll in independent study. In general, students applying for independent study should possess at least junior standing. Exceptions must be discussed with and approved by the associate dean. Students must also complete a formal application prior to registration and obtain approval from the desired tenured instructor and the associate dean. Application forms and additional information are available from the director of student services.

Internship Program

Students must participate in the internship program during their junior or senior year. Internships may take place in the summer, fall, or spring semester. Internships require a minimum of 120 hours to be spent over a minimum of 5 weeks at the job site, as well as regular interaction between the student and academic supervisor. Students must also complete an academic component as defined and approved by the academic internship supervisor.

The internship grade (pass/fail) is based on the following criteria:

  • Meeting requirements set by the academic supervisor and the site supervisor,
  • Confidential performance evaluation given by the internship site supervisor, and
  • Completion of an academic component as approved by the academic supervisor.

The required internship course (BA B497) is 3 credit hours and counts toward the student's 120-hour degree requirement. Students must have an overall GPA of 2.0 to enroll in an internship. Credit earned through an internship may not be applied to the university or college's residence requirement. Internships are coordinated through the Business Portfolio Program office and must be approved by the Director of the Business Portfolio Program.

Portfolio Program

The Business Portfolio Program is a required series of eight, sequential, non-credit courses focusing on student personal and career development. Courses include both academic and non-academic learning experiences.Portfolio grades are assigned on a Pass/Fail basis. Students who fail a portfolio course will need to repeat the course in order to graduate. The grading policy for Portfolio courses outlined below is administered and enforced through the Dean’s office.

  • Students must pass all Portfolio courses (eight in total) in order to graduate. The courses are graded on a Pass/Fail basis only. A passing grade requires completion of all course requirements. No Incompletes (grade of "I") will be given for Portfolio courses. Failed courses must be made up.
  • Students who have not turned in all assignments as stipulated on the syllabus will receive an F. If a student fails a Portfolio course, the student’s LORA account will be blocked. He or she will be unable to register for any courses until after completion of the missing coursework and being cleared for registration by the Portfolio office. The student will also be required to take the next course in the Portfolio sequence while finishing the previous coursework. The student will also be ineligible to graduate until the failed Portfolio course is successfully passed.
  • A grade of F in any Portfolio course may also affect a student’s: eligibility to join certain honor societies, eligibility to be included on the dean’s list, recommendations for employment or graduate schools, and status of College of Business scholarships.
  • Incoming transfer students will not be required to make up Portfolio courses that they missed prior to transferring to the College of Business. However, they will be enrolled in a Portfolio course upon becoming a College of Business major and must pass all later Portfolio courses.
  • Students who study abroad for a semester or year will be waived from the Portfolio requirements for those semesters only.
  • Portfolio exemptions for medical reasons will be handled on a case by case basis through the Dean’s office.

Transfer Credit

Credit may be granted for work successfully completed at other accredited institutions of higher learning. Transfer credits acceptable for admission purposes shall be valid for degree credit in the college only to the extent to which they represent courses acceptable in the curriculum of the student's degree. All questions regarding the application of transfer work to degree requirements must be resolved within the first semester of enrollment. Courses taken elsewhere prior to and after matriculation at Loyola transfer as earned hours; the grades do not enter into the student's Loyola GPA calculation.

The college will not accept transfer credit for any course in which a grade lower than C, or 2.0, was received. Credit will not be allowed for business courses completed at the freshman or sophomore level at another college or university that are only offered at the junior or senior level e. Transfer students enrolling in the College of Business should not expect courses taken at a community college or an institution not accredited by AACSB to be applied toward their degree, but may request permission from the associate dean that such courses be considered for transfer credit.

After matriculating at Loyola, students wishing to take courses at another college or university must receive written permission from the associate dean prior to enrolling for the courses. Permission may be granted only to students in good standing and, for business courses, only for courses to be taken at schools accredited by AACSB. Permission is not granted to take courses at a community college. Students are cautioned that permission to take courses at another college or university during the summer session will be granted only for compelling reasons.