College of Business 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 its website at:
http://www.business.loyno.edu/about-college

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, Transform" 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. 

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.

Degree Programs Offered in Business

The College of Business offers the following undergraduate degree programs:

Other programs offered include:

Description of Courses + Electives

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

Double Majors + Business Minors

Because students often have multiple interests, the College of Business offers the flexibility of adding a double major or minor to any of its degree programs.

Double Majors

Students earning the B.B.A. or the B.Acc. may elect to have a double major. The total number of hours required varies, depending on the majors chosen. For example, management + marketing may require as few as 12 additional credit hours.

Double majors can be earned in the College of Business, with any combination of 2 business degree programs, or with any of Loyola's other undergraduate colleges or degree programs. Students should consult their advisor for further information.

Business Minors

The College of Business offers business minors for both non-business majors and minors for business majors. In general, these require 18-21 additional credit hours of study outside of the requirements of a student's chosen major. 

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 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 required courses for their major(s) and have a GPA of at least 2.0 in those major courses taken at Loyola.

At least half of the business adjunct courses taught in the College of Business, half of the business core courses, at least 15 credit hours of 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.

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 in the following cases:

  1. The student needs a course for graduation which is not 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 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 associate dean.

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 their degree. All questions regarding the application of transfer work to degree requirements must be resolved within the first semester of enrollment.

The college will not accept transfer credit for any course in which a grade lower than C has been 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 in this college. Transfer students who have already enrolled 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.

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

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. It is the student’s responsibility to become familiar with course prerequisites.

Prerequisites are also listed in the semester schedule of course offerings in LORA. Students with fewer than 56 credit hours are not permitted to enroll in 300-level or 400-level business courses, which require Junior and Senior standing, respectively.

Internship Program + Requirements

Because many experiences in business are impossible to gain in the traditional classroom setting, College of Business students are required to participate in the college’s internship program. The College of Business internship program provides students with an opportunity to:

  • Gain relevant career-related experience,
  • Reinforce and/or reevaluate classroom study through a comparison of theory and practice, and
  • Pursue the study of specialized business topics in a professional setting related to their particular field of interest.

Students will participate in the internship program during their junior or senior year upon completion of the following core business courses: ACCT B202, BA B101, DECS B205, ECON B200, MGT B245, and MKT B280. Internships may take place in the summer, fall, or spring semester.

Internships require a minimum of 120 hours over a minimum of 5 weeks at the job site and 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 by the internship site supervisor, and
  • Completion of an academic component.

The required internship course (BA B497) is 3 credit hours and counts as a business elective credit. 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. 

Portfolio Program + Requirements

The Business Portfolio Program—"Portfolio" for short—initiated by the College of Business in Fall of 2009, serves to address issues related to transitioning from college student to real-life opportunities. This required series of eight, sequential, non-credit courses and experiences is designed to expand on the traditional academic and classroom experience, focusing on student personal and career development.

Courses include both academic and non-academic learning experiences. The focus of the freshman year courses is self exploration as it relates to career knowledge and development. Subsequent classes include career development skills, job search skills and assistance with job placement. Students will be assessed on each course competency and will include those assessment outcomes in their CoB portfolio.

The Portfolio program provides both students and faculty with the ability to track each student's progress over their four-year college career.

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.  

For more information on the Business Portfolio Program, including specific grading and coursework policies, see the program's bulletin listing

Student Organizations + Clubs

Learning takes place both in and outside of the classroom. In addition to internships, Portfolio, study abroad programs, and service learning opportunities, College of Business students are encouraged to join any of the following professional fraternities, honor societies, and student-led clubs available in the College.

Professional Fraternities

Alpha Kappa Psi

The objects of Alpha Kappa Psi are to further the individual welfare of its members; to foster scientific research in the fields of commerce, accounts, and finance; to educate the public to appreciate and demand higher ideals therein; and to promote and advance in institutions of college rank, courses leading to degrees in business administration.

Delta Sigma Pi

Delta Sigma Pi is an international professional commerce society. Its purposes are to foster the study of business; encourage scholarship, social activities, and the association of students for the mutual advancement by research and practice; promote closer ties between the commercial world and students of commerce; and further a high standard of commercial ethics and culture for the civic and commercial welfare of the community. 

Honor Societies

Beta Alpha Psi

The purposes of this national scholastic and professional fraternity are to recognize outstanding academic achievements in the fields of accounting, finance, and information systems; promote the study and practice of these professional fields; provide opportunities for self-development and association among members and practicing financial professionals; and encourage a sense of ethical, social, and public responsibilities. Functions include professional meetings as well as social and service activities. Membership is open to degree-seeking undergraduate students who, at a minimum, are majoring in accounting, finance, or information systems; are at least first-semester sophomores; and have attained a cumulative grade point average of 3.0 (or above) overall and within their major.

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 seven percent of the second semester junior class, the upper 10 percent of the graduating senior class, and to the upper 20 percent of the graduating master’s degree class.

Omicron Delta Epsilon

The purposes of this international honor society in economics are the encouragement of excellence in economics and the recognition of scholastic attainment in economics. Membership is open to those undergraduates who have completed at least 12 semester hours of coursework in economics with a grade point average of 3.5 or better, and who have an overall average of at least 3.0. 

Student-Led Organizations

American Marketing Association

As a professional organization, the AMA helps develop, encourage, and strengthen working relations between students studying marketing and marketing professionals in the business community. The resulting exchange of ideas, knowledge, and experience is mutually beneficial. Meetings regularly feature business leaders from both the local and national arena.

Economics Club

The Economics Club is designed to stimulate interest in economics among university students. Economics is a social science that analyzes the relationship between human behavior and the production and exchange of goods and services. Club activities are designed to promote an understanding of current economic issues, current economic controversies, and the role that economics plays in personal and professional decision making. The Economics Club is open to all majors.

Financial Management Association

The purposes of the Financial Management Association and the FMA Honor Society are to assist in the professional, educational, and social development of university students interested in finance, banking, and investments, and to encourage interaction among business executives, faculty, and students of business and finance. To join the FMA, a student must have a sincere interest in finance. To be considered for membership in the FMA Honor Society, a student must have an overall GPA of 3.25 and at least six hours of finance coursework with a GPA of 3.25.

Students in Free Enterprise

Students In Free Enterprise (SIFE) is a student organization that is active on more than 1,700 college and university campuses and in 42 countries and territories around the world. Students work together as a team and through the mentoring of faculty advisers develop and implement educational outreach programs that teach individuals in their communities the principles of market economics, entrepreneurship, personal financial success skills, and business ethics. The Loyola SIFE team works with local elementary, middle and high schools to teach free enterprise principles. Loyola SIFE also works with senior citizens in the area as well as homeless shelters. SIFE is open to all students on campus regardless of major. 

Study Abroad Programs + Requirements

All students majoring in business 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. 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.