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

INTERIM DEAN Jerry W. Dauterive., Ph.D., OFFICE: 301 Miller Hall
M.B.A. DIRECTOR: Kendra L. Reed, Ph.D.
WEB PAGE: business.loyno.edu/

The college, 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 is accredited by AACSB, The Association to Advance Collegiate Schools of Business.

DEGREES

Bachelor of Business Administration (B.B.A.) with majors in economics, finance, international business, management, and marketing
Bachelor of Accountancy (B.Acc.)
Master of Business Administration (M.B.A.)
Master of Business Administration/Juris Doctor (M.B.A./J.D.)

Other programs include double majors; minors in various non-business disciplines offered by the university; minors in business administration, economics, marketing, and pre-M.B.A. for non-business students; and minors in international business, entrepreneurship, and legal studies for business students.

MISSION AND VISION

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 is to prepare and graduate individuals with the capacity 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 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.

CREDIT FROM OTHER INSTITUTIONS

Credit may be granted for work successfully completed at 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-sophomore level at another college or university that are offered at the junior or senior level in this college.

After matriculating at Loyola, students wishing to take courses at another college or university must receive written permission from the associate dean for undergraduate studies. 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 the Loyola GPA.

Transfer students who have previously enrolled in the College of Business should not expect courses taken at a community college or an institution not accredited by the AACSB to be applied toward the degree.

ACADEMIC WORK LOAD

A full-time student not on probation may not take more than 20 hours during a fall or spring semester or six hours during a summer session without permission of the associate dean for undergraduate studies.

The normal load for full-time students is 15 to 18 credit hours. Students on probation are limited to 16 credit hours.

GRADUATION ELIGIBILITY

In order to graduate, a student must meet the graduation requirements of the university and college and must also possess a Loyola grade point average of at least 2.0, as well as at least a 2.0 in business courses taken at Loyola. Students must also complete all the required courses for their major(s) and have at least a 2.0 grade point average in those major courses taken at Loyola. At least half the adjunct and business core courses, at least 15 hours of major courses, and BA B445 must be taken at Loyola. Course substitutions are allowed only with permission of the associate dean for undergraduate studies.

ENGLISH COMPOSITION AND MATHEMATICS COURSES

Students must enroll in English composition and MATH A092 (if required) and MATH A115 continuously until completing all requirements. A student will be permitted to drop or withdraw from a composition or mathematics course only once. The student will be required to complete the course during the next semester of enrollment. Any exception to this policy must be approved by the associate dean for undergraduate studies of the College of Business.

INTERNSHIPS

College of Business students are required to participate in the college’s internship program. Because some experiences are impossible to gain in the traditional classroom setting, internships provide students with an opportunity to 1) gain relevant 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 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, and MKT B280.

Typically, internships require a minimum of 120 hours over a minimum of five 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 an academic supervisor. The format of the academic component varies by industry, position, and academic supervisor.

Internships may take place in the summer, fall, or spring semester. The internship grade is based on the following criteria: meeting requirements set by the academic supervisor and the site supervisor; a confidential performance evaluation by the internship site supervisor; and completion of an academic component.

The required internship is for three credits and may count as major elective or business elective credit as determined by the academic supervisor. Students must also have an overall grade point average of 2.0 to enroll in an internship.

During the semester prior to the semester in which the internship is taken, students must contact the Coordinator of Graduate and External Programs and the faculty member in their specific major who is responsible for internships to plan their internship program.

Credit earned through internship may not be applied to the residence requirement.

STUDY ABROAD

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.

The College of Business offers a summer program in Europe. The month-long program is taught in English by Loyola faculty and by local faculty. 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, Spain, and Belgium. 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 staff in the associate dean’s office with selection of courses; obtaining prior written permission, required for study at any other school, assures acceptance of credits.

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

INDEPENDENT STUDIES

A student may apply for an independent study in the following cases: 1) the student needs a course which is not being offered for graduation, or 2) the student desires to study a topic or topics not covered in courses offered by the college. A minimum grade point average 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 College of Business, Office of Student Services.

NON-BUSINESS ELECTIVES

Non-business electives may be taken in the College of Humanities and Natural Sciences, the College of Music and Fine Arts, and the College of Social Sciences. Students should consult their adviser for assistance in selecting these courses.

PREREQUISITES

Most courses have specific prerequisites. Students may not register for courses until they have met the prerequisites listed in the course descriptions at the end of this volume. It is the student’s responsibility to become familiar with course prerequisites. Students with fewer than 56 credit hours are not permitted to enroll in 300- or 400-level business courses.

FRATERNITIES AND PROFESSIONAL SOCIETIES

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.

PROFESSIONAL CLUBS

Alpha Kappa Psi

The objects of Alpha Kappa Psi are: 1) to further the individual welfare of its members; 2) to foster scientific research in the fields of commerce, accounts, and finance; 3) to educate the public to appreciate and demand higher ideals therein; and 4) to promote and advance in institutions of college rank, courses leading to degrees in business administration.

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.

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.

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.

HONOR FRATERNITIES

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.

AWARDS

Each year in May, the College of Business hosts an annual awards ceremony to honor outstanding students. Awards are given to students of all class ranks. There are four types of awards: those which are college-wide, those related to a particular major, those made by student organizations, and those given by outside agencies. The names of recipients of college awards and some of the others are inscribed on plaques located outside the dean’s office.

ENDOWED CHAIRS AND PROFESSORSHIPS

Legendre-Soule Chair in Business Ethics
Hilton/Baldridge Chair in Music Industry Studies
Harold E. Wirth Chair in Economics
Gerald N. Gaston Chair in International Business
Chase/Francis C. Doyle Distinguished Professorship
Chase Distinguished Professorship of International Business
Barry and Teresa LeBlanc Distinguished Professorship of Business Ethics
Chase Minority Entrepreneurship Distinguished Professorship I
Chase Minority Entrepreneurship Distinguished Professorship II
Dean Henry J. Engler, Jr., Distinguished Professorship in Management
John V. Connor Professorship in Economics and Finance
Rev. Joseph A. Butt, S.J., Distinguished Professorship in Accounting
Stanford H. Rosenthal Distinguished Professorship for Risk, Insurance, and
Entrepreneurship

B.B.A. PROGRAMS AND DEGREE REQUIREMENTS

Program Objective: The primary purpose of the bachelor of business administration 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.

Educational Objectives: All B.B.A. programs have the following educational objectives:

to graduate individuals who are broadly educated, and who are knowledgeable in fundamental economic principles, the business disciplines, and the impact of global forces and technology on society.
to prepare and graduate individuals with the capability and motivation to become effective and socially responsible business and community leaders.
to provide students with a learning experience designed to enhance the following interpersonal and analytical skills: critical thinking, ethical decision making, leadership, oral and written communication, team building, and computer application. We believe these skills are necessary for our graduates to be effective and socially responsible business and community leaders.

The bachelor of business administration (B.B.A.) degree consists of 120 credit hours and has essentially five parts: (1) Common Curriculum courses (philosophy, religious studies, composition, literature, natural sciences, history, fine arts); (2) non-business electives; (3) adjunct courses (philosophy, mathematics, economics, decision science, legal studies, business ethics); (4) business core courses (accounting, business administration, finance, marketing, management); (5) major requirements and business electives. At least one course in the major requirements/business electives must be in international business. All students must complete the following courses except for minor variations in the international business program:

Common Curriculum (College of Business)

	33 Cr. Hrs.
Introduction to Philosophy (PHIL T122)	3
Making Moral Decisions (PHIL V152)	3
Introduction to World Religions (RELS T122)	3
Religious Studies Electives	6
Critical Reading/Writing (ENGL T122)	3
The Emerging Self (ENGL T125)	3
Science (BIOL T122, CHEM T122, PHYS T122)	3
World Civilization (HIST T122 – T124)	6
Fine Arts Elective (MUGN, VISA, DRAM)	3
Non-business Electives (except for the international business major)	6
Adjunct
Practical Logic (PHIL A201)	3
Mathematics (MATH A115 – A116)	6
Micro- and Macroeconomics (ECON B200 – B201)	6
Business Statistics (DECS B205)	3
Legal Environment of Business (LGST B205)	3
Business Ethics (BA B415)	3
Business Core
Introduction to Business (BA B100)	3
Business Communications (BA B101)	3
Financial Accounting Information for Decision Making (ACCT B202)	3
Managerial Accounting Information for Decision Making (ACCT B203)	3
Financial Management (FIN B300)	3
Basic Marketing (MKT B280)	3
Management Information Systems (MGT B340)	3
Management and Organizational Behavior (MGT B345)	3
Production and Operation Management (MGT B325)	3
Business Policy and Strategy (BA B445)	3
Major Requirements and Business Electives
(except for international business majors)	27
TOTAL Credit Hours	120

B.B.A. MAJOR REQUIREMENTS AND BUSINESS ELECTIVES

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 six additional credit hours. Only one course may be used to satisfy requirements for two majors. Students should consult their adviser for further information.