Business Administration Overview

Dean: William Locander, Ph.D.
Associate Dean: Angela Brocato Hoffer

The deans are assisted by the leadership team:

  • Director of Graduate Programs: Jerry Goolsby, Ph.D.
  • Assistant Director of Graduate Programs: Jay O'Conor
  • Director of the Intl Business Center: Jeffrey Krug, Ph.D.
  • Director of Portfolio and Internships: Kathy Barnett, Ph.D.

For more information on the college, visit:
http://www.business.loyno.edu/about-college

For more information on the M.B.A. program, visit:
http://www.business.loyno.edu/mba 

Associations + Accreditation

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, accredited by the AACSB in 1974, and reaccredited in 1983, 1999, and most recently in 2010. The College of Business is also accredited by the Southern Association of Colleges and Schools (SACS). 

"Awaken, Enlighten, Tranform" Mission

The College of Business acts in accordance with the following mission:

Today, more than ever, businesses need ethical, empowered leaders who invite trust, build community, and value their professional responsibility more than self-interest. In the College of Business, our vision is to create a learning place that awakens, enlightens, and transforms students to become those kind of leaders and not to leave their values, ethics, and character behind when they graduate.

In the Ignatian tradition, the mission of the College of Business is to provide a superior values-laden education that motivates and enables our students to become effective and socially responsible business leaders. We strive to contribute quality research, serve local and intellectual communities, and graduate students who possess critical thinking skills and courage to act justly in a global business environment. 

Mission of Graduate Business Programs

Graduate programs of the College of Business at Loyola University New Orleans develop leaders capable of adding value to organizations and society through the application of theory and practice. Building on a rich Jesuit tradition of rigor and spirituality, knowledge is provided through a coordinated and integrated curriculum taught by academically qualified faculty members and professionally qualified practitioners. Program graduates are dedicated to values-driven leadership, systematic approaches in facing challenges and the virtues of innovation, change and entrepreneurship in improving the human experience.

Awards for Outstanding Achievements

Each year in May, the College of Business hosts an annual awards ceremony to honor outstanding students and faculty. Awards are given to students of all class ranks. There are four types of student awards: college-wide awards, awards in each major, awards given by student organizations, and awards from outside agencies. There are also four types of faculty awards: for outstanding advising, research, service, and teaching.

The College of Business is proud to honor these awardees for their outstanding academic and professional achievements and to display their names on plaques located in the Miller Hall 3rd floor lobby.

Admission Requirements

All applicants must provide:

  • An application
  • Current résumé
  • An official GMAT score report from the Pearson VUE
  • Two recommendations, forms are provided in application packet
  • Official transcripts showing all college work attempted: undergraduate, graduate, and professional
  • Official TOEFL score report from the Educational Testing Service (ETS) is required of all international students
  • International applicants must also provide an affidavit of support showing sufficient funds to finance their course of study and living expenses
  • 400-word essay (statement of purpose) addressing the questions:

1. How do you think an MBA will enhance your academic and/or professional background?
2. What expectations do you hope to realize by earning an MBA at Loyola?
3. What do you bring to the program?

  • $50 application fee. If you attend an MBA open house, you can receive a $20 discount on this application fee.

When making an application, it is preferred that you send a complete packet with all of the documents requested, except official test scores. GMAT and TOEFL scores should be sent directly from the Pearson VUE or the Educational Testing Service.

Degree Programs offered in Business

The College of Business offers the following graduate degree program:

Other programs offered include dual degrees in the following configurations:

Description of Courses + Electives

Descriptions of required and elective graduate business courses can be found in the following sections:

Dual Degree Graduate Business Programs

Because students often have multiple interests and because the demands of today's dynamic business environment often reach beyond the sphere of general management or business competency, the College of Business offers the flexibility of pursuing an M.B.A. degree at the same time as another graduate degree offered by one of Loyola's other graduate colleges.

Students must apply to each program separately.

Master of Business Administration / Juris Doctor

The M.B.A. / J.D. program is designed for those students seeking advanced education in business administration, in addition to an education in the law. Normal degree requirements of 51 credit hours for the M.B.A. program and 90 credit hours for the J.D. program are complemented and reduced to 42 credit hours for the M.B.A program and 81 credit hours for the J.D program. Each degree program's requirements are, thus, reduced by nine credit hours as each can accept, as part of its elective requirements, nine credit hours of coursework from the other program.

Upon completion of the program, the student will be awarded two separate degrees. The requirements for both must be completed, however, before either individual degree can be awarded. Students participating in the dual program must maintain a minimum grade point average of 3.0 in the College of Business and 2.0 in the College of Law. Students failing to meet the requirements of the dual program are awarded an M.B.A. or J.D. degree separately only if they fulfill the requirements for the individual degree as outlined in the graduate or law bulletin, respectively.

Master of Business Administration / Pastoral Studies

The M.B.A. / M.P.S. program is designed to provide the theological, ministerial, and pastoral foundation, as well as the business, organizational, and management knowledge that together will strengthen graduates' ability to respond to the needs of the Church and the world today. Normal degree requirements of 51 credit hours for the M.B.A. program and 36 credit hours for the M.P.S. program are complemented and reduced to 42 credit hours for the M.B.A program and 24 credit hours for the M.P.S. program, for a total reduction of 21 credit hours.

Upon completion of the program, the student will be awarded two separate degrees. The requirements for both must be completed, however, before either individual degree can be awarded. Students participating in the dual program must maintain a minimum grade point average of 3.0 in both the College of Business and the Loyola Institute for Ministry. Students failing to meet the requirements of the dual program are awarded an M.B.A. or M.P.S. degree only if they fulfill the requirements for the individual degree as outlined in the university's graduate bulletin.

Eligibility + Requirements for Graduation

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 GPA of at least 3.0 in all M.B.A. core and elective courses taken at Loyola. Students must also complete all of the required courses for their degree program(s) and earn at least a B in the M.B.A. capstone course.

After matriculation, at most 6 credit hours 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.

Exceptional Course Credit + Requirements

Because each student's academic needs and life circumstances differ, the College of Business offers the flexibility of earning some course credit through independent study or transfer credit from other accredited institutions.

Independent Study

A student may apply for an independent study under the following conditions:

  1. The student needs a course for graduation which is not being offered in the desired time frame, or
  2. The student desires to study a topic(s) not presently covered in courses offered by the college.
  3. A student is only allowed one independent study in the course of their entire M.B.A. program.

A minimum GPA of 3.0 is required for enrolling in an independent study.

Students must also complete a formal application prior to registration and obtain approval from the desired instructor and the Director of Graduate Programs.

Application forms and additional information are available from the Asst. Director.

Transfer Credit

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. The 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.

All university policies described in the university's graduate bulletin apply to M.B.A. students.

Prerequisite Courses

Most courses have specific prerequisites. Students may not register for a course until they have met the prerequisites listed in the course descriptions in this bulletin.Prerequisites are also listed in the semester schedule of course offerings in LORA.

It is the student’s responsibility to become familiar with course prerequisites. All M.B.A. students must have read and signed the “Critical Policies” document presented to them at their orientation in order to register for classes.

Exceptions to Normal Academic Progress

Academic Action

An M.B.A. student may be placed on probation or dismissed under the following circumstances:

Probation
  • Regularly admitted students must maintain a cumulative program GPA of 3.0 to remain in good academic standing. If any student's GPA falls below 3.0, the student will be placed on academic probation and given one semester to obtain a cumulative GPA of 3.0. Regularly admitted students can be placed on probation only once during their entire program. If a student's GPA falls below 3.0 a second time, the student will be dismissed immediately and indefinitely from the program.
  • Any student who receives a grade of I ("incomplete") in any course may not register for any further courses until that coursework is completed and a letter grade is received, meaning that if the grade of I (incomplete) 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.
  • Regularly admitted students may only be on probation once.  Any student placed on probation and subsequently earns a cumulative GPA under a 3.0 or a grade of C- or lower in a class will be dismissed from the program.
  • Conditionally admitted students must maintain a cumulative GPA of 3.0 during their entire program. If such a student's GPA falls below 3.0 at any time, the student will be dismissed immediately and indefinitely from the program.
  • Any grade of C- or below in any class will automatically cause a regularly admitted student to be placed on probation.
  • Any conditionally admitted student earning a grade of C- or below will automatically be dismissed from the program.
Dismissal
  • A student who receives a grade of F in any course will be dismissed permanently from the program.
  • A regularly admitted student placed on probation and fails to raise the cumulative GPA to 3.0 or higher will be dismissed.
  • A conditionally admitted student who fails to maintain a cumulative GPA of 3.0 will be dismissed.
  • A student found guilty of academic dishonesty will be dismissed from the program.

Students may also be dismissed under the university policies described in the university graduate bulletin.

Academic Workload

A full-time student not on probation may not take more than 15 credit hours during a fall or spring semester or 6 credit hours during a summer session without permission of the Director of Graduate Programs.

Except under special circumstances, a student may only take 15 credit hours during a maximum of 1 semester throughout their entire graduate enrollment at Loyola in the College of Business.

Term for Completion of Degree Requirements

All course requirements for a graduate degree must be completed in a seven-year span. Exceptions to this regulation require approval of the Director of Graduate Programs and are only granted in extremely rare circumstances.

Internship Program + Requirements

Because many experiences in business are impossible to gain in the traditional classroom setting, M.B.A. students have the option to earn credit by participating in the internship program. The College of Business internship program provides students with an opportunity to:

  • Enhance their résumés with career-related experience,
  • Reinforce and reevaluate classroom study through a comparison of theory and practice, and
  • Pursue the study of specialized business topics in their fields of interest in a professional setting.

The internship program is open to M.B.A. students who have completed all of the foundation courses. To qualify for internship credit, a position must provide sufficient duties, new learning opportunities, and new responsibilities to allow for M.B.A.-level educational advancement. Evaluation of positions is done on a case-by-case basis. Typically they require a minimum of 150 hours at the job site and regular interaction with an academic supervisor. Students must also complete an academic component as defined and approved by the academic supervisor.

Internships, though encouraged to be taken during a student’s last semester before graduation, may take place in the summer or during the fall and spring semesters. The grade is reported as pass or fail and is based on the following criteria:

  • Completion of the academic component,
  • Meeting any additional requirements set by the academic supervisor, and
  • A confidential performance evaluation by the internship site supervisor.

Professional Fraternities + Student Organizations

Learning takes place both in and outside of the classroom. In addition to internships and study abroad programs, the following fraternities and organizations provide M.B.A. students with valuable experiences.

Beta Gamma Sigma

The purposes of this national honor society are to encourage and reward scholarship and accomplishment among students of business administration, to promote the advancement of education in the art and science of business and management, and to foster integrity in the conduct of business operations. Juniors, seniors, and graduate students who have achieved a high level of academic performance are considered for membership in this organization. Invitations go to the upper 20 percent of the graduating M.B.A. class.

Loyola M.B.A. Association

The M.B.A. Association offers an excellent means for M.B.A. students to interact with other students, faculty, and community leaders. In addition to special gatherings, meetings are scheduled with leaders from the civic and business community of greater New Orleans as invited guest speakers. Students are also afforded the opportunity to discuss and initiate positive changes within the M.B.A. program. Membership is open to all M.B.A. students. Officers are elected annually and nominations are open to all members of the M.B.A. Association.

Study Abroad Programs + Requirements

All business students are encouraged to study abroad. Students considering study abroad must inform the staff in the Center for International Education of their intentions. The staff will assist in locating a suitable program and in pre-departure planning. Students will also be required to participate in the de-briefing session upon their return. Students should plan ahead to take advantage of these opportunities

The College of Business offers short summer programs in Europe and Asia and a winter program in Latin America. The programs are taught in English by Loyola faculty and by local guest lecturers. Site visits to local companies, meetings with public officials and multinational corporation executives, and field trips are included.

The college also participates in several exchange programs. Students can study in the native language in France and Spain. The host institution assists with housing, registration, and integration into the local society. Tuition is based on Loyola’s full-time tuition, and is paid to Loyola; no tuition is paid at the other school. The student will be assisted by the associate dean’s office or their academic advisor with selection of courses.

Students may also wish to engage in an internship while or after studying abroad. Interning, working, or studying abroad obviously requires planning well in advance, so any student considering such activities should make those interests known as early as possible.

Finally, for M.B.A. students in particular, Loyola is part of a consortium of Jesuit schools partnering with Peking University, which sponsors an M.B.A. program in English in Beijing. Two Loyola M.B.A. students per year are eligible to participate in this exciting program.