Loyola University Chicago

PROGRAM BASICS

• • Loyola University Chicago Graduate School of Business
  • Loyola University Chicago Graduate School of Business
  • Maguire Hall
  • One East Pearson Street, Ste. 204
  • Chicago, 60611, Illinois
  • United States
  • Program Web site: http://www.luc.edu/gsb
  • E-mail: gsb@luc.edu
• • Percentage of part-time students who graduate within six years of entering program: 84 %
  • Average months to complete program: 24
  • Maximum months permitted to complete program: 60
  • Does the school have a separate full-time MBA program? No

• Tuition and Fees: (Based on six credits in the fall and six credits in the spring)

  • Resident: $15,862.00
  • Non-Resident: $15,862.00

• Tuition per credit:

  • Resident $1,286.00
  • Non-resident $1,286.00
• • Graduate business school is accredited by: Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 844
  • Full-Time MBA: 136
  • Part-Time MBA: 412
  • Executive MBA: 47
  • PhD Program: 0
• • Undergraduate business school enrollment: 1,459
  • Graduate degree programs: Master of Accounting, Master of Finance, Master of Human Resources, Master of Technology, Master of Marketing

ADMISSIONS, SELECTIVITY AND YIELD

• • Total applications, most recent entering class: 597
  • Applications accepted, most recent entering class: 63 %
  • Admitted students enrolled: 59 %
  • Applicants wait-listed during the last admissions cycle: 0
  • Wait-listed applicants admitted for the semester to which they applied: 0
  • Applicant interviews are: Not required

ENTRY REQUIREMENTS

• • Rolling admissions? Yes
  • GMAT required? Yes
  • Are applicants allowed to submit the GRE? No
  • If not, how are applicants' quantitative abilities checked? The GMAT is required of most applicants. However, applicants with at least 7 or more years of progressive managerial experience may request a GMAT waiver. The GMAT is also waived if the applicant holds a terminal degree.

• GMAT score distribution (applicant pool)

  • 75th Percentile 600
  • 50th Percentile (median) 550
  • 25th Percentile 480
  • Average GMAT Score 538
  • 90th Percentile 650
  • 10th Percentile 410

• GMAT score distribution (incoming class)

  • 10th Percentile 460
  • 50th Percentile (median) 540
  • 25th Percentile 500
  • 75th Percentile 580
  • Average GMAT Score 542
  • 90th Percentile 628
• • Is proficiency in English required? Yes
  • Is a minimum score on an English language proficiency test required? Yes

• Which English language proficiency tests are accepted?

  • • Other
    • IELTS
    • TOEFL Internet Based Test
    • TOEFL Paper-based Test

• Other additional English language proficiency tests accepted

  • TOEFL CBT (Computer-Based Test)
• • Minimum paper-based TOEFL: 567

• Relative Importance of Application Elements:

  • GMAT Score: Very Important
  • Resume/Work Experience: Very Important
  • Application Essays: Very Important
  • Interviews Not Considered
  • Recommendations: Very Important
  • Undergraduate Transcripts: Very Important

CLASS PROFILE

• • Female students: 41 %
  • International students: 10 %

• Percentage of U.S. students in newest entering class that are:

  • African American: 9 %
  • Asian American: 7 %
  • Hispanic or Latino American: 6 %
  • Multiethnic/Multiracial: 1 %
  • Native American: 0 %
  • White (Non-Hispanic): 57 %
  • Chose not to report: 9 %
  • Other: 10 %

• Postgraduate work experience (months):

  • Mean: 59
  • Median: 36
  • From: 0
  • To: 144
  • One year or less: 33 %

• Entering students work in the following functional areas:

  • Consulting: 5 %
  • Finance/Accounting: 23 %
  • General Management: 24 %
  • Human Resources: 4 %
  • Marketing/Sales: 20 %
  • Management Information Systems: 0 %
  • Operations/Production: 8 %
  • Other: 16 %

• Entering students work in the following industries:

  • Consulting: 4 %
  • Consumer Products: 7 %
  • Financial Services: 20 %
  • Government: 4 %
  • Manufacturing: 5 %
  • Media/Entertainment: 8 %
  • Non-Profit: 15 %
  • Petroleum/Energy: 1 %
  • Pharmaceutical/Biotechnology/Health Care: 9 %
  • Real Estate: 3 %
  • Technology: 3 %
  • Other: 21 %

• Organizations that send the most participants to the part-time MBA program:

  • Loyola University Chicago 20
  • Northern Trust 8
  • J.P. Morgan Chase (and Chase) 7
  • Bank of America 7
  • Accenture 6
• • Mean age, newest entering class: 28
  • Median age, newest entering clas: 25

FINANCIAL AID

• • Part-time MBAs apply for financial aid through: Central financial aid office at the university
  • Students receiving some form of financial aid in 2011-12: 56 %

• Of part-time MBA students who applied for financial aid for the 2011-12 academic year, percentage receiving:

  • Institutional Scholarships: 16 %
  • Assistantships: 2 %
  • Loans (private and government): 90 %
• • Mean financial aid package: $26,441.00
  • Median financial aid package: $20,500.00
  • On what basis are scholarships awarded? A combination of need and merit
  • Full-tuition scholarships awarded, 2011-12: 0
  • How does an applicant apply for scholarship consideration? all candidates are considered for scholarships
  • Does school offer a guaranteed loan to all part-time MBAs? No
  • Mean outstanding debt at graduation: $57,235.00

FACULTY

• • Faculty employed by the B-school: 84

• Full-time faculty:

  • Tenured: 59
  • Non-Tenured: 15

• Adjunct/Visiting Faculty:

  • Tenured: 0
  • Non-Tenured: 10

• Women on Faculty:

  • Tenured: 13
  • Non-Tenured: 10

• Minority Faculty:

  • Tenured: 6
  • Non-Tenured: 2

• International Faculty:

  • Tenured: 4
  • Non-Tenured: 4

• Faculty with PhDs:

  • Tenured: 59
  • Non-Tenured: 15
• • Faculty on company boards: 22

STUDENT LIFE

• Active MBA specialization clubs open to part-time students:

  • • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Human Resources
    • Marketing
    • Other
    • Consulting
    • Information Technology
    • Investment Banking

• Active MBA networking clubs open to part-time students:

  • • International Club
    • Women in MBA
    • Gay/Lesbian/Bisexual
• • Do part-time MBA students have their own area/center on campus? Yes
  • Do part-time MBA students have break-out rooms? Yes

TEACHING/ACADEMICS

• Teaching Methods:

  • Case Study: 20 %
  • Distance Learning: 0 %
  • Experiential Learning: 15 %
  • Lectures: 30 %
  • Simulations: 5 %
  • Team Projects: 30 %
  • Other: 0 %
• • Estimated number of hours per week students spend on classwork, excluding time spent in class: 14
  • Teachers in the part-time program: 84
  • Tenured teachers in the part-time program: 59
  • Faculty with at least five years of full-time corporate experience 47 %
  • Average core class size: 42
  • Average elective class size: 23
  • Electives available: 143

• Recently added electives:

  • International Financial Reporting & Analysis
  • Recognizing Entrepreneurial Opportunities
• • Last curriculum revision: 2007
  • Recent curriculum changes: No material changes.

• Concentrations and specializations offered to part-time MBAs:

  • • Accounting
    • Finance
    • General Management
    • Human Resource Management
    • Marketing
    • Other
    • Entrepreneurship
    • Operations Management
    • Corporate Social Responsibility
    • International Business
    • Economics

• Additional concentrations offered:

  • Derivative Markets
  • Risk Management
  • Sport Management
• • Does the B-school offer an accelerated part-time MBA program? Yes

• Leading areas of study:

  • • Finance
    • International Business
    • General Management
    • Marketing
    • Health Care Administration

• Graduation requirements:

  • • Students must have attended a minimum number of classes
    • Students must have earned a pre-determined GPA/Letter grade average
    • Other: Describe in next screen
• • Other graduation requirements: Class participation accounts for some portion of the student grade. A business plan is written in the capstone course of the program. Students must complete courses in business ethics and global business practices as components of the degree.
• • Credits required to graduate: 54

TECHNOLOGY

• • Technology improvements in the last three academic years: Upgrades to BlackBoard; desktop computer & software upgrades for faculty & staff; The school has expanded its use of social media outlets, including FaceBook, Twitter and blogs; use of university videos showcasing Loyola faculty, students, staff & alumni; search engine optimization of school website.
  • Amount spent: $116,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 11,724
  • Active MBA alumni clubs: 1
  • Countries in which MBA clubs exist: 1
  • Living MBA alumni who gave in past year: 8 %
  • Mean gift from MBA alumni: $1,094.00
  • Median gift from MBA alumni: $100.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Business school endowment $20,300,000.00
  • Does the main university offer career placement services for alumni? Yes
  • Does the main university have an alumni networking Web site? Yes
  • University alumni networking site: http://www.luc.edu/alumni/directory
  • Does the B-school offer career services for alumni? Yes
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://linkd.in/GSBalumni
  • Do current MBA students have access to an alumni database? No

CAREER SERVICES

• • Do part-time MBAs have access to career development office?
    • Yes
  • If yes, at what point in the degree process are part-time MBA students able to use the service?
    • At any time
  • Are part-time students included in resume drops? Yes

• • -I had a thoroughly positive experience at Loyola. I found the quality of the education and the professors to be high. I enjoyed, and placed a high value on, the number of professors who were not full-time academics, but heavily involved in the current business world. For those who need to work (many of my peers), this program makes perfect sense.
    
    -I did not feel the program offered sufficient networking opportunities and the career services is lacking at best. I was able to find a job through one of my professors with whom I happened to be doing research with. Career services did not do a good job with recruiting.
    
    -Loyola is a great university and my experience has been amazing. I especially loved the study abroad opportunities. I went to Southeast Asia for 2 weeks and it was incredible.
    
    -The program provided even more than I expected in certain ways; eg. the value of relationships and interactions with other working professionals was even more beneficial than I expected. My only disappointment was that the program needed to move along so quickly that there wasn't time to discuss the level of detail I would have preferred on some subjects.
    
    -Loyola's business school offers a very collaborative, collegial environment among students and faculty. I also found the courses to be very well-integrated with each other, and representative of a very consistent approach to analysis and decision-making in business.
    
    -The building was in pretty bad shape and needs replacing or remodeling ASAP. Too many adjunct faculty that had no ties to the university and were not very compelling teachers, they didn't seem very committed to us as students and didn't provide much continuity from course to course. Some of the full time professors felt removed and going through the motions although many others were very good and did seem to care about helping students out.
    
    -The course work was rigorous, but interesting. The students in class came from various walks of life and it made group projects and class a really good experience. Having a diverse student body in the Graduate School of Business allowed me to gain various perspectives on how to look at a problem.
    
    -The number of undergraduates/ new grads admitted to the MBA program has significantly diluted the networking/ work experience. Perhaps that is the case at every program with the economy in the state it's in.
    
    -I had a great experience at Loyola. The majority of my professors were great- very passionate and knowledgeable in their subject matters. I also enjoyed the diversity among the student body, everyone had different levels of experience in different areas, which the professors and school as a whole were very understanding of. I also really enjoyed having the option to switch easily between being a full and part time student since all classes were offered in the evenings. A few other programs I looked at did not make this switch as easy.
    
    -Schedule was supplied at the beginning of the program so that we knew exactly what classes were being held when. It would have been helpful to have the books at the beginning as well. I also would have liked more emphasis on strategy, human resource issues and consolidation of some of the economics classes considering the short time we had in the program (18 months)
    
    -The courses were designed with working professionals in mind. Every class had group work to not only help manage the work load of projects, but also give a real world experience since most projects within companies require employees to work together. The group work help to establish accountability, foster teamwork and leadership, as well as provide an opportunity to network with classmates. I enjoyed being able to immediately take concepts, discussed in class, and try to use them the next day at work, which you can't typically do if you attend a full time program.
    
    -Administration needs to have more oversight with the some of the teachers. Several times I felt that the class was at the effect of teacher's lives outside of the classroom
    
    -Loyola offers a great educational experience at a very reasonable cost. The faculty is excellent and classes typically have 50 students or less, which allows for the opportunity to get to know the professors and build relationships within the school.
    
    -I think the school should start a full-time program. Most of the classes were always full, so they could easily have enough students for a morning full-time program. Also, there was not much variety of finance classes to choose from. Every class had some group project and sometimes it was hard to because of this being a part-time program where students only came to attend classes and went away their own way.
    
    -The size of our MBA program was perfect and the evening classes worked well with my schedule. While in school I found that Loyola's Jesuit teaching and how it should impact the way we conduct ourselves in the work world to be one of the main reasons why I would choose my program again.