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Joseph A. Butt, S.J., College of Business Administration

DEAN: J. Patrick O’Brien, Ph.D. OFFICE: 301 Miller Hall
ASSOCIATE DEAN FOR UNDERGRADUATE PROGRAMS: Jerry W. Dauterive, Ph.D.
ASSOCIATE DEAN AND M.B.A. DIRECTOR:Brenda E. Joyner, Ph.D.

WEB PAGE: http://cba.loyno.edu/mba/index.html

Mission and Purpose

In the Ignatian tradition and consistent with the goals of Loyola University New Orleans, the mission of the Joseph A. Butt, S.J., College of Business Administration is to prepare and graduate individuals with the capability and motivation to become effective and socially responsible business and community leaders who possess a love for, the critical intelligence to pursue, and the eloquence to articulate truth. The college’s primary emphasis is the provision of innovative and superior undergraduate management education. In addition, the college is committed to offer selected high quality graduate programs which are consistent with the mission of the university. The faculty of the college is committed to excellence in research and dedicated to service that enhances the quality of our undergraduate and graduate teaching.

The College of Business Administration is committed to provide undergraduate and graduate programs designed to prepare students for leadership roles in the dynamic, global environment of profit and not-for-profit organizations; a value-laden management education in the Ignatian tradition; emphasis on exceeding the expectations of its customers; and continuous improvement.

Accreditation

The college was founded in 1947, and the baccalaureate program was accredited by AACSB—the Association to Advance Collegiate Schools of Business (600 Emerson Rd., Suite 300, St. Louis, MO 63141 (314) 872-8481)—in 1950. The graduate division of the college was established in 1961, accredited by the AACSB in 1974, and reaccredited in 1983 and 1999.

Programs of Study

The College of Business Administration offers three graduate programs:

  1. master of business administration (M.B.A.), offered in the evening;
  2. master of business administration (M.B.A.), accelerated program offered in the day;
  3. juris doctor/master of business administration (J.D./M.B.A.), offered in
    conjunction with Loyola’s School of Law.

Admissions

Admission to graduate study is granted to students showing high promise of success at the graduate level. Applicants for admission must have a four-year bachelor’s degree from an accredited college or university. Admission is competitively based upon undergraduate academic record, relevant work experience (for evening students), statement of reasons for pursuing the degree, and performance on the Graduate Management Admissions Test (GMAT). GMAT scores older than five years will not be accepted. Students with graduate coursework at another institution will be considered for admission only if they are in good standing at the other institution. Students who leave Loyola and take graduate coursework elsewhere will be readmitted only if in good standing at the interim institution.

International applicants must submit a score of 237 or higher on the Test of English as a Foreign Language (TOEFL). Those who graduated from a college or university in which English was the language of instruction are exempt from the TOEFL requirement. TOEFL scores older than two years will not be accepted. International applicants must also provide an affidavit of support showing sufficient funds to finance their course of study and living expenses.

ALL APPLICANTS MUST PROVIDE:

  • an application;
  • official transcripts showing all college work attempted: undergraduate, graduate, and professional;
  • an official GMAT score report from the Educational Testing Service (ETS);
  • two recommendations;
  • a résumé;
  • a statement addressing the questions:

(1) How do you think the degree will enhance your professional background?
(2) What expectations do you hope to realize by earning the degree?

Note: Failure to provide a complete set of official transcripts constitutes grounds for immediate dismissal from the graduate division of the College of Business Administration.
When making an application, applicants should send a complete packet with all of the documents requested, except official test scores. GMAT and TOEFL scores must be sent directly from Educational Testing Service. All documents except test scores are to be included in the application packet.

Applications are available from the Office of Graduate Business Programs, Box 15, Loyola University, 6363 St. Charles Avenue, New Orleans, LA 70118; (504) 864-7944, Fax: (504) 864-7970; E-mail: mba@loyno.edu. Applications may also be submitted electronically through www.embark.com. The evening program application deadline for fall is June 15 and for spring is November 15. The deadlines for international students are May 15 and October 15, respectively.

Applications for the full-time accelerated program are due April 15 and for international students, March 15.

Academic Standing

In order to remain in good standing, a graduate student must maintain a cumulative grade point average of 3.0 or higher in graduate coursework taken at Loyola University. A student whose cumulative GPA falls below 3.0, calculated on all courses taken to fulfill degree requirements, is placed on probation. In the next period of enrollment, the student must earn a term GPA above 3.0 with no grade below B or be dismissed from the program. Students on probation may not enroll in undergraduate courses. A grade below B, in more than seven credit hours in courses taken to meet degree requirements, constitutes grounds for dismissal. No course with a grade below C may be used toward degree requirements.

Conditionally admitted students must earn a GPA of 3.0, as calculated on all courses taken to meet degree requirements, in the semester in which they reach nine hours or be dismissed. It should be noted that an M.B.A. student on probation will not be given permission to take a course at another school, may not take an independent study course or internship, and may not enroll in BA B850, Global Strategy.

Awards

Each year in May, the College of Business Administration hosts an annual awards ceremony to honor outstanding students. The G. Ralph Smith Award is given each year to the outstanding M.B.A. graduates.

BETA GAMMA SIGMA
Membership to this national honor society is by invitation only 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.

Endowed chairs and professorships


Legendre-Soule Chair in Business Ethics
Hilton/Baldridge Chair in Music Industry Studies
Harold E. Wirth Chair in Economics
Gerald Gaston Chair in International Business
Bank One/Francis C. Doyle Distinguished Professorship
Bank One Distinguished Professorship
Stanford H. Rosenthal Distinguished Professorship for Risk, Insurance, and Entrepreneurship
Fr. Joseph A. Butt, S.J., Distinguished Professorship of Accounting
Dean Henry J. Engler, Jr., Distinguished Professorship of Management
Chase Minority Entrepreneur Professorship

Juris Doctor/Master of Business Administrations

The J.D./M.B.A. program is designed for those students seeking advanced education in business administration in addition to an education in the law. Applicants for the J.D./M.B.A. program must apply separately to the School of Law and to the College of Business graduate program and be accepted individually to both.

Normal degree requirements of 90 credit hours (juris doctor) and 33 credit hours in 700- and 800-level coursework (master of business administration) are complemented and reduced to 81 credit hours (juris doctor) and 24 credit hours (master of business administration). Each program is reduced by nine credit hours as each program accepts, as part of its requirement, nine credit hours 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 degree can be awarded. Students participating in the joint program must maintain a minimum grade point average of 2.0 (4.0 scale) in the School of Law and 3.0 (4.0 scale) in the College of Business Administration.
Students failing to meet all of the requirements of the program are awarded the juris doctor or master of business administration degree only if they fulfill the requirements for the individual degree as outlined in the law school or graduate bulletins, respectively.

Master of Business Administration (M.B.A.)

The master of business administration program prepares students to become leaders in both for-profit and not-for-profit organizations in the increasingly global marketplace. The program provides students with grounding in the principles of management and a knowledge of the various functional areas found in most businesses. Both qualitative and quantitative approaches to decision making provide opportunities for students to develop the critical thinking skills necessary to become effective, socially responsible business and community leaders. Finally, the students’s ability to articulate his/her own plans, ideas, and vision is enhanced through applications throughout the curriculum.

The M.B.A. program has the following educational objectives:


• to graduate individuals who are able to apply management theory and current business practices;
• to graduate individuals who are able to effectively communicate and work successfully with others;
• to graduate individuals who have well-developed critical thinking and ethical decision making skills, as well as leadership abilities;
• to graduate individuals who have an understanding of global business issues and the ability to assess their impact on businesses.

Curriculum

The master of business administration (M.B.A.) evening program is flexible. It accommodates students with or without an undergraduate business major and provides opportunity for students to develop their own interests. The curriculum is constantly under review and continuously improved to meet the challenges of the changing business environment. The M.B.A. curriculum has four segments: the basic core, the advanced core, electives, and the capstone course. The requirements for an individual student to complete the program depend on the student’s background. Some students may need only the advanced core, electives, and the capstone course, totaling 33 credit hours, while others may also need part or all of the basic core for a possible 56 credit hours.

In keeping with the commitment to the values of Jesuit education, all students must complete a zero-credit-hour course, Community Service, BA B795, requirement. Documentation must be submitted on the form designated for the purpose. It may be obtained in the CBA Office of Student Records. Documentation for all 30 hours is to be submitted at one time, no later than 30 days after completion of the service.

The M.B.A. program can be completed in as little as 12 months of full-time study. Students can attend full or part time. All courses are offered in the evening, with an occasional Saturday offering. New students may begin in fall or spring.

Basic Core

The basic core is composed of ten 600-level courses covering the basic business disciplines. (Students are also required to show they have completed a course in college algebra, finite math, or calculus with a C or better.)

      Cr. Hrs.
ACCT B601 Financial Accounting 3
DECS B601 Statistics 2
ECON B601 Microeconomics 2
ECON B602 Macroeconomics 2
FIN* B601 Financial Management 2
MGT B601 Management and Organizational Behavior 3
MGT B605 Managerial Communication 3
MGT B610 Human Resources Management 2
MGT B611 Operations Management 2
MKT B601 Marketing Management 2
      Total Credit Hours: 23

*Students with a major other than accounting or finance must take a waiver exam in order to have the course waived.

These courses, may be waived in one of two ways:


(1) completion of appropriate coursework from an AACSB-accredited business school with a grade of B or higher and graduated within seven years prior to matriculation in the M.B.A. program, or
(2) successful completion of a waiver exam.
Students who desire to establish credit for a 600-level course must do so within the first semester of enrollment. After that, the course must be taken. The definition of “pass” for a waiver exam is 80 percent.


The advanced core (21 credit hours) is composed of seven courses that build upon the skills learned in the basic core. There are three electives (nine credit hours) that may be used to define a concentration plus a capstone course (three credit hours). The capstone course, Global Strategy, uses business cases to integrate the materials learned in other M.B.A. coursework. Global Strategy is to be completed in the last semester of the student’s program. Students must satisfy the following requirements before they are permitted to enroll in the capstone course: (a) a cumulative GPA of 3.0 or higher in all graduate courses (including basic core courses), and (b) a cumulative GPA of 3.0 or higher in all advanced core and elective courses. Students must complete the capstone course with a grade of B or higher to be eligible for graduation. This course can only be repeated once.

Advanced Core, Elective, and Capstone Courses

BA B705 Business Ethics 3
BA B710 Individual and Corporate Entrepreneurship 3
BA B715 Management Control and Decision Making 3
BA B795 Community Service 0
BA B850 Global Strategy (Capstone) 3
FIN B700 Advanced Financial Management 3
MGT B725 Leadership Dynamics 3
MGT B730 Innovation and Technology Management 3
MKT B735 New Product Development and Marketing 3
  Electives (may be used to earn concentration) 9
    Total Credit Hours: 33

Concentration Requirements

Finance   Cr. Hrs.
FIN B810 International Finance 3
FIN B820 Financial Statement Analysis 3
  Choose one from among the following:  
FIN B800 Management of Financial Institutions 3
FIN B805 Investments 3
*ACCT B893 or FIN B893 must be approved by the appropriate area chair and the M.B.A. director.  

International Business

  Choose three from among the following:  
BA B830 Economic Integration in Europe and the Americas 3
ECON B810 International Economics 3
FIN B810 International Finance 3
MGT B815 Cross-cultural Management 3
MGT B820 Future of the Americas 3
MKT B800 Global Marketing 3

Students who wish to earn a concentration in international business must also show proficiency in a language at a level equivalent to 201 at the undergraduate level. This may be established by an exam through the university’s modern foreign language department or by coursework at Loyola or elsewhere.

Marketing    
  Marketing Electives 9

Internships

M.B.A. students have the option to earn credit by participating in the internship program. Because some experiences are impossible to gain in the traditional classroom setting, students are encouraged to 1) enhance their résumés with career-related experience, 2) reinforce and/or reevaluate classroom study through a comparison of theory and practice, and 3) 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 the basic core courses. To qualify for internship credit, a position must provide sufficient duties, new learning opportunities, and new responsibilities to warrant M.B.A.-level status. 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. Format of the academic component varies by industry, position, and 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.

Study Abroad

The College of Business offers a summer program in Europe and semester-long exchange programs in Belgium and Spain. The summer program is taught in English by Loyola faculty. Site visits to local companies, meetings with public officials and multinational corporation executives, and field trips are included. For the European exchange programs, students can study in the native language of Spain or Belgium. In Belgium, English-language courses are also offered. The host institution assists with housing, registration, and integration into local society.

Tuition is paid to Loyola; no tuition is paid at the other school. The student will be assisted by the M.B.A. director with selection of courses; prior written permission must be obtained. Exchange courses count toward residency.

Loyola is part of a consortium of Jesuit schools and Peking University which sponsors an M.B.A. program in English in Beijing. Two Loyola students per year are eligible to participate.

Transfer Work

With the exception of courses taken at Jesuit consortium schools, a maximum of six hours of transfer work may be applied to 700- and 800-level courses. Only courses taken at AACSB-accredited schools within seven years prior to matriculation will be considered. After matriculation, students may take up to six hours at another institution to be applied to 600-, 700-, or 800-level coursework. Prior written permission must be obtained. Permission will be granted only for schools accredited by the AACSB to students demonstrating compelling need.
A consortium agreement with selected AACSB-accredited Jesuit schools is in effect. Students may transfer up to 50 percent of course requirements at the 700- or 800-level under this agreement. The grade of B or higher is required in any course taken at another school in order to apply to degree requirements. Students must meet the admission requirements of the other school.

Independent Studies

Students may apply for an independent study in the following cases: 1) the student needs a course not offered in the required time frame for graduation or 2) the student desires to study a topic or topics not covered in courses offered by the college. Students also need to seek permission of the M.B.A. director and a faculty member who must complete a detailed course outline. A minimum grade point average of 3.0 is required for enrolling in an independent study.

Accelerated Full-time Day Program (MBA)

Students who have had little or no exposure to the study of business will have an intense learning experience with a cohort group. This program is designed for full-time students to earn 60 credit hours in 15 months. Students may choose to stay for one additional semester and earn nine credit hours in a study abroad program for a Global M.B.A. The program is lockstep, has a required internship, and includes site visits to various businesses in New Orleans and other locations such as Chicago to the Board of Trade. The winter intersession will take place in another country. Students may choose from among courses offered in the evening program to fulfill their nine hours of electives.

Term One—First Summer

ACCT 0601 Accounting Information for Decision Making 3

BA 0601
Commercial Law 2
DECS 0601 Statistics 2
ECON 0600 Economic Analysis 3
MGT 0601 Management and Organizational Behavior 2
MGT 0605 Managerial Communication 2
MGT 0725 Leadership Dynamics 2
    Total: 16

Intersession One—One Week

BA 0725 Site Visits and Corporate Speakers 1  

Term Two—Fall

BA 0710 Individual and Corporate Entrepreneurship 3
FIN 0601 Financial Management 3
MGT 0610 Human Resource Management 2
MGT 0611 Operations Management 2
MKT 0601 Marketing Management 2
  Elective/specialization course 3
    Total: 15

Intersession Two—Ten Days

MGT 0815 Cross Cultural Management 3  

Term Three—Spring

BA 0705 Business Ethics 3
BA 0715 Management Control and Decision Making 2
BA 0850 Global Strategy 3
BA 0897 Internship in Business Administration 0
FIN 0700 Advanced Financial Management 3
  Elective/specialization course 3
    Total: 14

Intersession Three—One Week

  Personal Development (including Jesuit identity and personal awareness retreat)    

Term Four—Second Summer

BA 0860 Business Analysis 2
MGT 0730 Innovation and Technology Management 3
MKT 0735 New Product Development and Marketing 3
  Elective/specialization course 3
    Total: 11

Optional Term—Second Fall

  Approved coursework at exchange school 9

BUSINESS ADMINISTRATION GRADUATE COURSES

Updated August 23, 2005