Graduate Bulletin 1999-2001
JOSEPH A. BUTT, S.J., COLLEGE OF BUSINESS ADMINISTRATION
MASTER OF BUSINESS ADMINISTRATION (MBA)
The primary purpose of the master of business administration program is to prepare students for advancement to high-level management positions in both the private and public sectors of the global economy. The MBA program is designed to prepare leaders to manage organizations in the coming century. The program includes examination of administrative principles and quantitative approaches to decision-making common to both business and not-for-profit organizations and provides opportunities for students to develop the specialized knowledge and skills necessary to become effective, socially responsible business and community leaders. This program is designed to attract professional working students.
The MBA 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 as members of a team;
- to graduate individuals who have well-developed problem-solving and ethical decision-making skills, as well as leadership abilities;
- to graduate individuals who have an understanding of global business issues and their impact on businesses.
CURRICULUM
The master of business administration (MBA) 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 MBA 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.
The MBA 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.)
ACCT B601 Financial Accounting ... 3 credit hours
DECS B601 Statistics ... 2 credit hours
ECON B601 Microeconomics ... 2 credit hours
ECON B602 Macroeconomics ... 2 credit hours
FIN B601 Financial Management ... 2 credit hours
MGT B601 Management and Organizational Behavior ... 3 credit hours
MGT B605 Managerial Communications ... 3 credit hours
MGT B610 Human Resources Management ... 2 credit hours
MGT B611 Operations Management ... 2 credit hours
MKT B601 Marketing Management ... 2 credit hours
Total Credit Hours: 23
These courses may be waived in one of two ways:
- completion of appropriate course work from an AACSB-accredited business school with a grade of B or higher and graduated within seven years prior to matriculation in the MBA program, or
- 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 MBA course work. 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 the grade of B or better to be eligible for graduation. This course can only be repeated once.
Advanced Core, Elective, and Capstone Courses
BA B795 Community Service ... 0 credit hours
BA B705 Business Ethics ... 3 credit hours
BA B710 Individual and Corporate Entrepreneurship ... 3 credit hours
BA B715 Management Control and Decision Making ... 3 credit hours
FIN B700 Advanced Financial Management ... 3 credit hours
MGT B725 Leadership Dynamics ... 3 credit hours
MGT B730 Innovation and Technology Management ... 3 credit hours
MKT B735 New Product Development and Marketing ... 3 credit hours
Electives (may be used to earn concentration) ... 9 credit hours
BA B850 Global Strategy (Capstone) ... 3 credit hours
Total Credit Hours: 33
Concentration Requirements
- Accounting
Choose three from among the following: - ACCT B800 Accounting Theory ... 3 credit hours
ACCT B825 Estate and Gift Taxation ... 3 credit hours
ACCT B830 Personal Financial Planning for the Professional Planner ... 3 credit hours
ACCT B835 Global Tools for Management Accounting ... 3 credit hours
ACCT B840 Corporate Taxation ... 3 credit hours
*ACCT B893 Special Topics ... 3 credit hours
FIN B820 Financial Statement Analysis ... 3 credit hours - Finance
- FIN B810 International Finance... 3 credit hours
FIN B820 Financial Statement Analysis... 3 credit hours - Choose one from among the following:
- FIN B800 Management of Financial Institutions... 3 credit hours
FIN B805 Investments... 3 credit hours
*FIN B893 Special Topics... 3 credit hours
*ACCT B893 or FIN B893 must be approved by the appropriate area coordinator and the MBA director. - International Business
Choose three from among the following: - BA B830 Economic Integration in Europe and the Americas... 3 credit
hours
ECON B810 International Economics... 3 credit hours
FIN B810 International Finance... 3 credit hours
MGT B815 Cross-cultural Management... 3 credit hours
MGT B820 Future of the Americas... 3 credit hours
MKT B800 Global Marketing... 3 credit hours - Quality Management
- BA B735 Introduction to Quality Management... 3 credit hours
- Choose two from among the following:
- BA B835 Advanced Tools for Quality Management... 3 credit hours
BA B840 Process and Systems Management... 3 credit hours
BA B845 Quality Standards and Assessment... 3 credit hours
INTERNSHIPS
MBA 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 MBA 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 MBA-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.
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 need also to seek permission of the MBA 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.
STUDY ABROAD
The College of Business offers summer programs in Belgium and Mexico and semester-long exchange programs in Belgium and Spain. The summer programs are 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.
Loyola is part of a consortium of Jesuit schools and Peking University which sponsors an MBA program in English in Beijing. Two Loyola students per year are eligible to participate.
Tuition is paid to Loyola; no tuition is paid at the other school. The student will be assisted by the MBA director with selection of courses; prior written permission must be obtained. Exchange courses count toward residency.
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 course work. 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% of course requirements 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.
1999-2001 Graduate Bulletin > College of Business Administration