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).
Applicants generally are required to take the Graduate Management Admissions Test (GMAT) or the Graduate Record Examination (GRE) to be considered for admission. Scores older than five years will not be accepted. Scores must come to Loyola directly from Pearson VUE or ETS. Many students choose to take the test several times to ensure their application is competitive. The admissions committee will use the highest score achieved for admissions consideration. The admissions committee has no preference between the GMAT or GRE when rendering admissions decisions.
International applicants must also provide an affidavit of support showing sufficient funds to finance their course of study and living expenses. In addition to the affidavit, an official TOEFL (Test of English as a Foreign Language) or IELTS (International English Language Testing System) score report is required of international students. (Students who graduated from an undergraduate institution where English was the primary language of instruction may be able to waive the TOEFL/IELTS requirement on a case-by-case basis, with the approval of the Director of Graduate Programs.)
An applicant who does not wish to pursue a graduate degree program in the College of Business may apply for admission as a non-degree seeking student. Non-degree seeking students will be eligible to take up to 9 credit hours of graduate courses in the College of Business. Some courses are restricted to degree-seeking students. A non-degree seeking student who later applies to and is admitted into a graduate degree program in the College of Business may be eligible to apply up to 6 credit hours taken while admitted under non-degree seeking status toward the elective requirements of the degree. These credits must meet the requirements of the transfer credit policy below.
The College of Business offers advanced courses in business leading to the Master of Business Administration degree.
For more information about the M.B.A. program, outcomes, and curriculum, visit http://www.business.loyno.edu/mba
2012-2013 M.B.A. Degree Program Course Listing (DPCL)
Graduate business courses are offered in the following areas:
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 3.0, as well as a cumulative GPA of at least 3.0 in all M.B.A. core and elective courses taken at Loyola. Students must successfully complete all of the required courses for their degree program(s) according to the following guidelines:
After matriculation to the M.B.A. degree program, at most 6 credit hours (excepting Jesuit M.B.A. consortium credit) may be taken outside of Loyola University New Orleans to be applied toward required M.B.A. coursework. The capstone BA B850: Total Global Strategy course must be taken at Loyola. Course substitutions and exceptions to these guidelines or requirements are allowed only with permission of the associate dean and the Director of Graduate Programs.
A student who receives a grade of “I” ("incomplete") in any course may not register for any further courses until the relevant coursework is completed and a letter grade is received. If a student is already registered for the next semester's courses and receives a grade of “I” ("incomplete"), the student will be withdrawn from all next semester's courses. If the “I” remains past the add date for that next semester, or any subsequent semester, the student will not be eligible to enroll for any courses in that semester.
A student may apply for an independent study only in the following two cases:
Only one independent study may be taken in the course of the entire M.B.A. program. An overall GPA of 3.0 is required in order to be eligible to enroll in independent study. Students must complete a formal application prior to registration and obtain approval from the desired tenured instructor and the Director of Graduate Programs. Application forms and additional information are available from the Assistant Director of Graduate Programs.
An M.B.A. student may be placed on academic probation or dismissed from the M.B.A. program according to the following guidelines:
If a student’s cumulative GPA in the M.B.A. program falls below 3.0, the student will be placed on academic probation and will be given one academic semester to raise the GPA back to a 3.0. If the student is unable to raise the cumulative GPA in the M.B.A. program to a 3.0 or higher by the end of that semester, the student will be dismissed immediately from the M.B.A. program.
M.B.A. students who are placed on academic probation will remain on academic probation for the remainder of their time in the M.B.A. program. If a probationary student’s cumulative GPA in the M.B.A. program falls below a 3.0 at any time, the student will be dismissed immediately from the M.B.A. program.
Any grade of “C-” or below will automatically cause a student to be placed on probation, regardless of the student's overall GPA. If a probationary student receives a grade of “C-” or below, the student will be automatically dismissed. An M.B.A. student on probation will not be given permission to take a course at another school or take an independent study course, study abroad course, or internship.
An M.B.A. student who receives a grade of “F” in any course or who is found guilty of academic dishonesty will be dismissed immediately and permanently from the M.B.A. program. It is the responsibility of the M.B.A. student to be aware of these guidelines and the expected conduct laid out in the M.B.A. student handbook.
With the exception of courses taken at Jesuit consortium schools, a maximum of 6 credit hours of transfer work may be applied to 700- and 800-level courses in the M.B.A. program curriculum. Only courses taken within 7 years prior to enrollment will be considered. Prior written permission must be obtained. Permission will be granted only for schools accredited by the AACSB and only to students demonstrating compelling need.
A consortium agreement with selected AACSB-accredited Jesuit schools is in effect. Students may transfer up to 50% of course requirements of the M.B.A. program, exclusive of the BA B850 capstone, at the 700- or 800-level under this agreement. A grade of "B" or higher is required in any course taken at another school to apply to degree requirements. Students must meet the admission requirements of the other school.
A full-time student not on probation may not take more than 12 credit hours during a fall or spring semester or 9 credit hours during a summer session without permission of the Director of Graduate Programs.
All course requirements for a graduate degree must be completed in a 7-year span. Exceptions to this regulation require approval of the Director of Graduate Programs and are only granted in extremely rare circumstances.