2017-2018 Graduate Academic Catalogue [ARCHIVED CATALOG]
Master of Business Administration
Office: Timonium Campus, Suite 08
Assistant Dean: Susan Hasler
Director of Graduate Evening Programs: Patricia Tarrant
The Master of Business Administration (MBA) is designed to prepare high potential individuals for leadership in a variety of organizational settings. The degree program is intended to develop responsible leaders with a broad, integrated understanding of the relationships and functions of organizations, the worldwide opportunities and environmental influences on the decision makers, and technologies that have evolved to facilitate decision making. The MBA emphasizes breadth of outlook over functional specialization, but provides an opportunity for focus within a set of elective courses.
The Loyola MBA program began in 1967 and is recognized as the premier business graduate program in the region. It integrates disciplines and prepares graduates to lead organizations in the internal and global environments of the twenty-first century. The combination of bright, experienced students and experientially grounded, highly qualified professors work within the curriculum to assure the development of leaders with values, broad understanding, and strategic vision.
Detailed admission information (application procedures, required documents, deadlines, etc.) can be found under Admission
GMAT Waiver Policy
Applicants to the MBA program who meet certain provisions can request consideration for admission without submitting a GMAT score. If, upon review by the admission committee, the applicant is considered admissible without a GMAT score, that requirement will be waived.
Applicants who wish to be considered for a GMAT or GRE waiver must:
- Meet at least one of the classifications in the table below.
- Request the GMAT or GRE waiver using the check box on the online application form.
- Supply the required documentation and submit this petition form to an admissions advisor.
- Submit a complete application file before the waiver request will be considered.
|Basis for GMAT/GRE Waiver
|Hold a terminal degree such as a J.D., M.D., D.O., Ph.D., Ed.D., Pharm.D., or D.D.S.
|Hold a graduate degree (master's level) and/or professional certification (CPA, CFA, CMA, CIA or CFP), with evidence of significant quantitative course work and a minimum 3.25 cumulative GPA for highest degree earned.
Copy of Licensure or Certification
|Have graduated with a bachelor's degree in business or economics, OR a business minor AND have a cumulative GPA of 3.4, both overall and in your major or minor business courses from an AACSB-accredited program.
Admission advisor's verification of AACSB accreditation
Identify major and/or minor
|Have a minimum of 3 years of progressive, professional, full-time work experience that entails a significant scope of responsibility (managing people/projects/budgets) and employs in-depth quantitative and analytical skills. An interview with an academic advisor is required.
||Detailed professional resume to include listing of job roles, time in role, and promotions
An interview with an academic advisor may be required. Petition for a GMAT or GRE waiver does not guarantee approval and is considered by the Admissions Committee in conjunction with an applicant's complete admissions file. The Admissions Committee reserves the right to require a GMAT or GRE score or alternative testing from an applicant even if the basic conditions are met.
Student loans are available. All applicants should file a Free Application for Federal Student Aid (FAFSA) to be considered for aid. Inquiries concerning loans should be directed to the Financial Aid Office, 410‑617‑5149.
Prerequisites and Basic Competencies
An entering student must hold a bachelor's degree or its equivalent from a regionally accredited college or university and should be able to communicate well both orally and in writing. No prior business courses are required.
A student entering the MBA program should have facility in algebra and graphing of mathematical functions, graphic interpretation, and probability. Proficiency in these areas will be assumed with recent college or graduate level credit (grade of B or better in a single course) in finite mathematics, precalculus, or mathematical models for business. Proficiency may also be established through superior GMAT performance or a score of 80 percent or better on the Math Proficiency Exam.
Courses in the MBA program use computer software for presentation and analysis. Students can expect to receive assignments using spreadsheets, and they may also be required to employ specialized software, CD or online databases, or mainframe systems. Prior to beginning the program, students must be able to design and manipulate spreadsheets and be familiar with Microsoft Excel, Word, and PowerPoint software at the intermediate level. Once enrolled, advanced help courses are offered without charge through Technology Services, 410‑617‑5555.
There are 48 credits required for the MBA degree. All courses are three credits. There are 36 credits in the MBA core, which include 9 credits in Leadership and Communication, 6 credits in Analytical Skills, 18 credits in Functional Areas and 3 credits in Knowledge Integration and Application. For specific policy information on non-Loyola coursework considered for advanced standing or transfer, as well as Loyola coursework eligible for application from one Loyola business program to another, see Transfer Credit
under Academic Regulations and Policies.
Waiver by Test
Students have the opportunity to complete an exam to demonstrate proficiency and receive credit for two courses, GB 707 and GB 715 . Exams are available by appointment through the Graduate Business Programs Office. The testing fee is $100 per exam. Students must receive an 80% or better on the exam to receive credit for the class. For more information on waiver test availability or to arrange to sit for an exam, contact the Graduate Business Programs Office at 410‑617‑5067.
Waiver by Substitution
Students have the opportunity to leverage their prior coursework, credentials, and/or work experience to take advantage of waivers by substitution for specific Functional Area Courses. Waivers by substitution provide the opportunity for students to take an alternative course from within some functional areas if specific criteria are met. Contact the Graduate Business Programs Office at 410-617-5067 for specific details on the criteria for the waiver and the substitution course options.