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

Loyola University New Orleans, Joseph A. Butt, S.J., College of Business History

Loyola University New Orleans, founded in 1912, is a private, coeducational institution affiliated with the Roman Catholic Church/Society of Jesus. The 19-acre campus is located in an urban area in uptown New Orleans. Total undergraduate and graduate enrollment is 4874.

The Joseph A. Butt, S.J., College of Business was founded in 1961 and is located on the main campus. The basic educational approach is a combination of case method and theoretical educational approaches, with a focus on ethical and strategic decision making.

Loyola University New Orleans, Joseph A. Butt, S.J., College of Business Academics

The College of Business offers the Master of Business Administration (MBA) as well as a joint degree in law (JD/MBA) in conjunction with the School of Law. Other programs include foreign exchange with France, Belgium, Spain, and China and a credit-based faculty-supervised internship program. The strongest areas of study are international business, marketing, and finance. The most popular courses are leadership and ethics. Regular programs bring distinguished speakers and visiting professors to campus. A number of the required and elective courses make use of distinguished speakers.

Fifty-six total credits are required to complete the MBA, including 9 elective credits. Required courses include:

• Marketing Management
• Financial Accounting
• Statistics
• Micro- and Macroeconomics
• Financial Management
• Management and Organizational Behavior
• Operations Management
• Human Resources Management
• Managerial Communications
• Business Ethics
• Community Service
• Advanced Financial Management
• New Product Development and Marketing
• Leadership Dynamics
• Individual and Corporate Entrepreneurship
• Innovation and Technology Management
• Management Control and Decision Making
• Global Strategy

Students may eliminate or substitute requirements by meeting basic core requirements at the undergraduate level and by transferring up to 6 hours of advanced-level course work with grades of B or better from an accredited AACSB institution.

The minimum time permitted to complete the master’s degree program attending full time is 12 months; maximum, 7 years. For students attending part time, the minimum is 18 months; maximum, 7 years.

There are 20 total full-time graduate business faculty, of whom 95% hold a doctorate; there are 3 part-time faculty, of whom 67% hold a doctorate. Faculty salaries are rated well above average for Category IIA institutions, based on the AAUP rating system. Average number of courses faculty teach is 6; average business class size is 13.

Loyola University New Orleans, Joseph A. Butt, S.J., College of Business Unique Programs

Library

The university’s main library houses a collection of more than 306,000 volumes, 522,500 microform items, and 12,100 audio/video tapes/CDs, and subscribes to 1925 periodicals. Students have access to such databases and networks as ABI/INFORM, Global, government documents in electronic format, and databases available through Dialog, UNCOVER, FirstSearch, File ASAP, EDGAR, STAT-USA, JSTOR, Academic Universe, and Lexis/Nexis. Other opportunities for research consist of interlibrary loans, document delivery service, and 75 public workstations providing Internet access 24 hours a day.

Computers

Graduate business students need not have their own PCs. The computer lab has 15 Pentium PCs with software including Microsoft Office 7.0 and Internet access. It is open 7 days a week.

Career and Job Placement

Placement services are limited, since most students are already employed full time. Placement services available to alumni include job vacancy listings, vocational interest testing/counseling, job search workshops, job fairs, on-campus recruitment, and assistance with job searching on the Internet. Placement is available through the university placement office.

International Students

International students must take the TOEFL. International students must score 580 on the Paper-Based TOEFL (PBT) or 98 on the Internet-Based (iBT) version. They also must submit a translation of their transcripts, proof of health consisting of an immunization record and TB test, and proof of adequate funds to cover the entire course of study.

Calendar

The school operates on a traditional semester basis. Semesters are 16 weeks long; summer sessions, 5 weeks. Graduate programs are offered during the evening only.

Loyola University New Orleans, Joseph A. Butt, S.J., College of Business Admissions

A bachelor’s degree is required, along with a GPA of 2.75 and a GMAT score of 500. Most important admissions factors are academic accomplishments and ability, GMAT results, and work experience. A strong mathematics background is required.

The number of applicants for the 2006-2007 class was 33; 27 were accepted; 18 enrolled. The average GPA was 3.2; average GMAT score was 555. Transfers are accepted. Minority students are actively recruited by recruiting at several minority universities in the area.

Students may begin the MBA program in the fall and spring. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $50, 2 letters of recommendation, an essay, and a resume. The application deadlines are June 15 for fall entry; November 15, spring. Students are notified as soon as the decision is reached of the admissions decision. The latest acceptable test date for fall entry is August. Once accepted, students may defer admission for up to 1 term.

Loyola University New Orleans, Joseph A. Butt, S.J., College of Business Financial Aid

About 16% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $6233 annually; maximum $18,000. The FAFSA is required. Check with the school for current application deadlines.

Tuition for all students is $725 per credit, or $17,400 per year. Books and supplies cost approximately $2070; personal expenses, $4000; and other fees, $706, for an estimated annual total of $24,176. Graduate student housing Most students live off-campus. There is a referral service to help procure off-campus housing.

Loyola University New Orleans, Joseph A. Butt, S.J., College of Business Students

Twenty-three percent of the current graduate business school class are enrolled full time; 69% have had an average of 3 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students are from Louisiana (46%). Thirty-one percent are women, 21% are minorities, and 20% are foreign nationals. The average age at entrance is 26; ages range from 21 to 38. Twenty-one percent enter directly from undergraduate school; 7% already have a graduate degree. Students’ undergraduate majors were as follows: 49%, business; 17%, liberal arts; 10%, math and science; 9%, engineering; 7%, economics; and 7%, social sciences. About 3% of entering students leave by the end of the first year due to academic or personal reasons; 97% remain to receive their degree. In 2006, 15 graduate business degrees were awarded.