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College of Business

Graduate Bulletin A-Z Index
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Undergraduate & Graduate Dates to Remember*

Fall Term 2009

August 26-30 Wolfpack Welcome
August 31 Classes begin
September 4
Add deadline
October 30 Last day to withdraw & last day
to apply for graduation
December 11 Last day of classes
December 12-18 Final Exams

Spring Term 2010

January 8 New Student Orientation
January 11 Classes begin
January 15 Add deadline
March 12 Last day to withdraw & last day to apply for graduation
April 28 Last day of classes
April 30 - May 6 Final Exams
May 8 Commencement - all colleges

*College of Law dates on Law Bulletin

Addresses + General Information

Information about the college can be obtained through the following:

Mailing Address

Joseph A. Butt, S.J., College of Business
Loyola University New Orleans
6363 St. Charles Ave., Campus Box 15
New Orleans, Louisiana 70118

Email Addresses

General Mailings: cob@loyno.edu
Graduate Studies: mba@loyno.edu

Physical Location

General Information: Main College Office - 301 Miller Hall
M.B.A. Information: Stephanie Mansfield - 304 Miller Hall

Online Location

College of Business Web Page
M.B.A. Program Web Page 

Administration + Leadership Team

The College of Business has 3 deans:

Dean

William Locander - 331 Miller Hall

Associate Dean

David Luechauer - 301 Miller Hall

Associate Dean for Educational Systems

Angie Hoffer - 303 Miller Hall

The deans are assisted by the following:

M.B.A. Director

Area Chair of ACCT / ECON / FIN

Area Chair of MGT / MKT / INTB / MUSB

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 and 1999. The College of Business is also accredited by the Southern Association of Colleges and Schools (SACS). 

A Mission + Vision Statement

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

Awaken, Enlighten, Transform

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 the M.B.A. Program

The mission of the College of Business' M.B.A. program is to inspire leaders who employ the value-chain-creation model of business through systems thinking, critical analyses, effective business practices, and responsible actions. 

Awards for Outstanding Faculty + Students

Each year in May, the College of Business hosts an annual awards ceremony to honor outstanding students and faculty. The G. Ralph Smith Award is given each year to the outstanding M.B.A. graduates. There are also four types of faculty awards: for outstanding advising, research, service, and teaching. The names of recipients of awards are inscribed on plaques located in the College of Business 3rd floor lobby. 

Chair Endowments + Distinguished Professorships

The College of Business recognizes exemplary faculty with the following honorary chairs and professorships:

Chairs

  • Gerald N. Gaston Eminent Scholar Chair in International Business - Len Treviño
  • Harold E. Wirth Eminent Scholar Chair in Economics - Walter Block
  • Hilton / Baldridge Distinguished Chair in Music Industry Studies - Jerry Goolsby
  • Jack + Vada Reynolds Chair in International Business
  • Legendre-Soule Distinguished Chair in Business Ethics - Nicholas Capaldi

Professorships

  • Bank One Distinguished Professorship of International Business - William Barnett
  • Barry + Teresa LeBlanc Distinguished Professorship of Business Ethics - Kate Lawrence
  • Chase / Francis C. Doyle Distinguished Professorship - Michael Pearson
  • Chase Minority Entrepreneurship Distinguished Professorship I - Brenda Joyner
  • Chase Minority Entrepreneurship Distinguished Professorship II - Brett Matherne
  • Chase Minority Entrepreneurship Distinguished Professorship III
  • Dean Henry J. Engler, Jr., Distinguished Professorship in Management - Wing Fok
  • Dr. John V. Connor Professorship in Economics + Finance
  • Merl M. Huntsinger Distinguished Professorship in Investments + Finances - Ron Christner
  • Rev. Joseph A. Butt, S.J., Distinguished Professorship in Accounting - Lee Yao
  • Stanford H. Rosenthal Distinguished Professorship for Risk + Entrepreneurship
  • Thomas H. + Catherine B. Kloor Professorship in Entrepreneurship + Small Business 

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:

Degree Requirements for M.B.A. Program

Program Objective

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 student’s ability to articulate his or her own plans, ideas, and vision is enhanced through applications throughout the curriculum.

Learning Goals

The M.B.A. program has the following learning goals:

  • Graduates will be able to engage a business problem head-on and make an informed and implementable decision based on a thorough analysis of the situation from multiple perspectives.
  • Graduates will be able to analyze the value proposition of a firm's marketplace offerings, understand the strategic fit of the firm, and create a comprehensive plan to deliver customer value.
  • Graduates will be able to act with a managerial perspective, synthesize information from many varied sources, communicate business information persuasively, and influence others to achieve goals.
  • Graduates will be able to confront ethical dilemmas with a balanced and coherent perspective, apply a principled method for responding to ethical issues, and reflect on bias in their ethical decisions.
Required Courses

The M.B.A. curriculum consists of 51 credit hours and has essentially four parts:

  1. Foundation courses
  2. M.B.A. core courses
  3. M.B.A. elective courses
  4. Capstone + community service

Curriculum for M.B.A. Degree Program

 Foundation Courses

Course
Title
Credits
ACCT B601 Financial Accounting* 3
DECS B601 Statistics* 3
ECON B603 Economics* 3
FIN B601 Financial Management* 3
MGT B600 Management* 3
MGT B605 Managerial Communication 3
  Prerequisite: College Algebra, Finite Math, or Calculus** 0

* It is possible to waive these courses if you have graduated within the last 7 years and earned a grade of B or better in the undergraduate equivalents of these courses from an AACSB-accredited business school. Financial Management is only waived on successful completion of a waiver exam or if you graduated with a Finance or Accounting undergraduate degree.

** Must be completed at an accredited university or college with a grade of C or higher.

Core Courses

Course
Title
Credits
ACCT B715 Management Control + Decision-Making 3
BA B700 Ethical + Legal Responsibility 3
FIN B700 Advanced Financial Management 3
MKT B700 Marketing Management 3
MGT B711 Management Science + Operations 3
MGT B715 Global Supply Chain Management 3
MGT B725 Leadership Dynamics 3

Elective Courses

Course
Title
Credits
BA / FIN / MGT / MKT / etc M.B.A. Electives: May be chosen from any graduate-level business electives offered 9

Capstone + Service

Course
Title
Credits
BA B850 Total Global Strategy* 3
BA B795 Community Service 0
* The capstone must be taken during the last semester in residence. A grade of B or higher is required to be eligible for graduation.

Total Credits

51

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.

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 M.B.A. director. 

Independent Study + Transfer Course Credits

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 in the desired time frame, or
  2. The student desires to study a topic(s) not presently covered in courses offered by the college.

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

Interested students must complete a formal application prior to registration. Students must also obtain permission of the M.B.A. director. A faculty member must complete a detailed course outline for any independent study.

Applications and additional information are available in the M.B.A. office. 

Transfer Course 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 at AACSB-accredited schools within 7 years prior to matriculation will be considered.

After matriculation, students may take up to 6 hours at another institution to be applied to 600-, 700-, or 800-level M.B.A. coursework. 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 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.

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. 

Prerequisite Courses + Academic Regulations

In order to ensure that students graduate on time and are adequately prepared for their coursework, the College of Business monitors each student's course schedule and academic workload according to the following guidelines.

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.

Academic Probation

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

Probation
  • A student must maintain a cumulative Loyola GPA of 3.0 to remain in good academic standing. If a student's GPA falls below 3.0, they will be placed on academic probation and given one semester in which to bring their GPA back up to 3.0, unless the student was conditionally admitted. Conditionally admitted students must earn a GPA of 3.0 as calculated on all courses taken during their first two semesters as a MBA student or be dismissed.
  • Except under special circumstances, 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"), they will be withdrawn until a letter grade is received to replace the incomplete grade.
Dismissal
  • A student who receives a grade of F in any M.B.A. foundation, core, or elective course will be dismissed from the program.
  • A student found guilty of academic dishonesty will be dismissed from the program.

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 associate dean and M.B.A. director.

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. 

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 Program + 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. 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.