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College of Business

Undergraduate Bulletin
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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

Information: cob@loyno.edu

Physical Location

Main College Office: Miller Hall 301

Online Location

College of Business 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. 

AWARDS FOR OUTSTANDING FACULTY + STUDENTS

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: those which are college-wide, those related to a particular major, those made by student organizations, and those given by outside agencies. 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 undergraduate degree programs:

Other programs offered include:

DEGREE REQUIREMENTS FOR B.ACC. PROGRAM

Program Objective

The primary purpose of the Bachelor of Accountancy (B.Acc.) program is to provide students with the technical and ethical educational background that will allow them to succeed in the public, private, and not-for-profit economic sectors and to provide faculty with the resources that will allow them to engage in high quality teaching, intellectual contributions, and service activities. This program is designed to attract students nationwide.

Learning Goals

The B.Acc. program has the following learning goals:

  • Graduates will be proficient in the use of information technology and able to provide accounting information that meets user needs.
  • Graduates will have the accounting background necessary to meet the education requirements for various professional examinations.
  • Graduates will be able to critically analyze business and accounting problems to make informed and technically appropriate decisions.
  • Graduates will be able to communicate business information clearly in order to assume leadership roles in their chosen professions.
  • Graduates will exhibit ethical conduct in all their activities and be able to apply a values-laden method for making ethical decisions.
Accounting Majors

All B.Acc. program students will graduate with a major in Accounting.

Required Courses

The B.Acc. curriculum consists of 120 credit hours and has essentially four parts:

  1. Common curriculum + non-business electives
  2. Business adjunct courses sequence
  3. Business core courses sequence
  4. Major requirements + business electives 

Curriculum for B.Acc. Degree Program

 Common Curriculum

Course
Title
Credits
ENGL T122 Writing About Literature 3
ENGL T125 Critical Reading + Writing 3
HIST T122 World Civilization to 1650 3
HIST T124 World Civilization from 1650 3
PHIL T122 Introduction to Philosophy 3
PHIL V252 Making Moral Decisions 3
RELS T122 Introduction to World Religions 3
RELS U### or V### Religious Studies Electives 6
BIOL / CHEM / PHYS Natural Science Elective 3
MUGN / VISA / DRAM Fine Arts Elective 3
  Non-Business Electives 3

 Business Adjunct Courses

Course
Title
Credits
BA B415 Business Ethics 3
DECS B205 Business Statistics 3
ECON B200 Principles of Microeconomics 3
ECON B201 Principles of Macroeconomics 3
LGST B200 Business Law I 3
MATH A115 Finite Mathematics 3
MATH A116 Survey of Calculus 3
PHIL A201 Practical Logic 3
SPCH A100 Fundamentals of Speech 3

Business Core Courses

Course
Title
Credits
ACCT B202 Financial Accounting for Decision Making 3
BA B100 Introduction to Business 3
BA B101 Business Communications 3
BA B445 Business Policy 3
FIN B300 Financial Management 3
MGT B245 Management + Organizational Behavior 3
MKT B280 Basic Marketing 3

Major Requirements

Course
Title
Credits
ACCT B205 Corporate Accounting + Reporting I 3
ACCT B206 Corporate Accounting + Reporting II 3
ACCT B300 Tax Accounting I 3
ACCT B307 Accounting for Public Sector Entities 3
ACCT B340 Accounting Information Systems 3
ACCT B400 Advanced Accounting 3
ACCT B403 Auditing + Assurance Services 3
ACCT B410 Strategic Cost Management 3
ACCT B460 International Accounting 3
ACCT B### Accounting Elective 3
  Business Electives 3
BA B497 Business Internship 3

Total Credits

120

DEGREE REQUIREMENTS FOR B.B.A. PROGRAM

Program Objective

The primary purpose of the Bachelor of Business Administration (B.B.A.) program is to provide students with a well-rounded education that includes a foundation in the liberal arts and sciences and a study of the art and science of management and administration. The curriculum is designed to prepare graduates for responsible citizenship and leadership roles in business and society. This program is designed to attract students nationally and internationally.

Learning Goals

All B.B.A. programs have the following learning goals:

  • Graduates will demonstrate competency as business professionals.
  • Graduates will be able to apply critical thinking skills to business issues.
  • Graduates will be able to communicate effectively in the business world.
  • Graduates will be able to apply a values-laden method for making ethical decisions.
  • Graduates will posses the knowledge, skills, + abilities needed to succeed in the global economy.
Business Majors

Majors available to students in the B.B.A. program include:

Required Courses

The B.B.A. curriculum consists of 120 credit hours and has essentially four parts:

  1. Common curriculum + non-business electives
  2. Business adjunct courses sequence
  3. Business core courses sequence
  4. Major requirements + business electives 

Curriculum for B.B.A. Degree Program

 Common Curriculum

Course
Title
Credits
ENGL T122 Writing About Literature 3
ENGL T125 Critical Reading + Writing 3
HIST T122 World Civilization to 1650 3
HIST T124 World Civilization from 1650 3
PHIL T122 Introduction to Philosophy 3
PHIL V252 Making Moral Decisions 3
RELS T122 Introduction to World Religions 3
RELS U### or V### Religious Studies Electives 6
BIOL / CHEM / PHYS Natural Science Elective 3
MUGN / VISA / DRAM Fine Arts Elective 3
  Non-Business Electives (except INTB major) 6

 Business Adjunct Courses

Course
Title
Credits
BA B415 Business Ethics 3
DECS B205 Business Statistics 3
ECON B200 + B201 Principles of Microeconomics 3
ECON B201 Principles of Macroeconomics 3
LGST B205 Legal Environment of Business 3
MATH A115 Finite Mathematics 3
MATH A116 Survey of Calculus 3
PHIL A201 Practical Logic 3

Business Core Courses

Course
Title
Credits
ACCT B202 Financial Accounting for Decision Making 3
ACCT B203 Managerial Accounting  for Decision Making 3
BA B100 Introduction to Business 3
BA B101 Business Communications 3
BA B445 Business Policy 3
FIN B300 Financial Management 3
MGT B245 Management + Organizational Behavior 3
MGT B250 Management Information Systems 3
MGT B325 Production + Operations Management 3
MKT B280 Basic Marketing 3

Major Requirements

Major
Courses
Credits
Economics ECON B300, B301, B305 + 3 ECON Electives 18
Finance FIN B305, B315, B325, B400 + 2 FIN Electives 18
International Business INTB B200, B325, B330, B435 + 2 INTB Electives
+ 2 POLI / HIST / SOCI Electives + 2 Foreign Language
30
Management MGT B310, B315, B375, B430 + 2 MGT Electives 18
Marketing MKT B330, B340, B390, B450 + 2 MKT Electives 18
Business of Music MUSB B110, B205, B250, B310, B350, B400, B450 + 1 INTB 24
All majors Business Internship (BA B497) 3
All but INTB + MUSB Business Electives 6

Total Credits

120

DESCRIPTION OF COURSES + ELECTIVES

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

Non-Business Courses + Electives

Non-business electives may be taken in the College of Music + Fine Arts, the College of Humanities + Natural Science, or the College of Social Science. Students should consult their advisor for assistance in selecting among these elective courses. 

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 6 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 Students and Minors for Business Students. 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. 

INDEPENDENT STUDY + TRANSFER COURSE CREDIT

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.

A minimum GPA of 2.0 is required for enrolling in an independent study.

Interested students must complete a formal application prior to registration.

Applications and additional information are available in the associate dean's office. 

Transfer Course 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 the college. 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 the 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. 

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, 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. 

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. 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. 

Academic Probation

A student must maintain a cumulative Loyola GPA of 2.0 to remain in good academic standing. If a student's GPA falls below 2.0, they will be placed on academic probation and given 1 semester in which to bring their GPA back up to 2.0.

Academic Workload

A full-time student not on probation may not take more than 20 credit hours during a fall or spring semester or 6 credit hours during a summer session without permission of the associate dean. Students on probation are limited to 16 credit hours. 

PROFESSIONAL FRATERNITIES + HONORS SOCIETIES

Learning takes place both in and outside of the classroom. In addition to internships, study abroad programs, and service learning opportunities, College of Business students can join many academic and professional fraternities and honors societies.

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. 

Student Honors 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 CLUBS + STUDENT ORGANIZATIONS

The College of Business sponsors student organizations because there is a need for a balance among academic, social, and service opportunities. Active involvement in one or more of these organizations will enhance the college career and professional marketability by providing a forum for developing lasting friendships and establishing a professional network.

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.

Loyola International Business Organization

The purpose of the Loyola International Business Organization is to assist students in becoming more aware of the importance of business on an international level, and to foster activities for the professional advancement of those interested in international business careers.

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 PROGRAM + 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.