Loyola Marymount University

PROGRAM BASICS

• • College of Business Administration
  • MBA Program
  • 1 LMU Drive
  • MS 8387
  • Los Angeles, 90045, California
  • United States
  • Program Web site: http://mba.lmu.edu
  • E-mail: mbapc@lmu.edu
• • Percentage of part-time students who graduate within six years of entering program: 82 %
  • Average months to complete program: 31
  • 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: $13,984.00
  • Non-Resident: $13,984.00

• Tuition per credit:

  • Resident $1,144.00
  • Non-resident $1,144.00
• • Graduate business school is accredited by: Association to Advance Collegiate Schools of Business (AACSB), Other

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 317
  • Part-Time MBA: 295
  • Executive MBA: 22
• • Undergraduate business school enrollment: 1,442

ADMISSIONS, SELECTIVITY AND YIELD

• • Total applications, most recent entering class: 211
  • Applications accepted, most recent entering class: 52 %
  • Admitted students enrolled: 58 %
  • Applicants wait-listed during the last admissions cycle: 17
  • Wait-listed applicants admitted for the semester to which they applied: 3
  • Applicant interviews are: By invitation only

ENTRY REQUIREMENTS

• • Rolling admissions? Yes
  • GMAT required? Yes
  • Are applicants allowed to submit the GRE? No

• GMAT score distribution (applicant pool)

  • 25th Percentile 480
  • 50th Percentile (median) 570
  • 75th Percentile 620
  • 90th Percentile 660
  • 10th Percentile 400
  • Average GMAT Score 547

• GMAT score distribution (incoming class)

  • 25th Percentile 590
  • 10th Percentile 570
  • 75th Percentile 670
  • 50th Percentile (median) 610
  • Average GMAT Score 617
  • 90th Percentile 690
• • 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

  • PTE
• • Minimum paper-based TOEFL: 600

• Relative Importance of Application Elements:

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

CLASS PROFILE

• • Female students: 25 %
  • International students: 14 %

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

  • African American: 6 %
  • Asian American: 17 %
  • Hispanic or Latino American: 6 %
  • Multiethnic/Multiracial: 2 %
  • Native American: 0 %
  • White (Non-Hispanic): 70 %
  • Chose not to report: 0 %
  • Other: 0 %

• Postgraduate work experience (months):

  • Mean: 48
  • Median: 36
  • One year or less: 32 %

• Base salary of entering part-time MBA students:

  • Mean: $59,096.00
  • Median: $55,000.00

• Middle 80% range:

  • From: $45,000.00
  • To: $80,500.00

• Entering students work in the following functional areas:

  • Consulting: 8 %
  • Finance/Accounting: 40 %
  • General Management: 6 %
  • Human Resources: 2 %
  • Marketing/Sales: 28 %
  • Management Information Systems: 0 %
  • Operations/Production: 11 %
  • Other: 5 %

• Entering students work in the following industries:

  • Consulting: 2 %
  • Consumer Products: 2 %
  • Financial Services: 25 %
  • Government: 2 %
  • Manufacturing: 5 %
  • Media/Entertainment: 17 %
  • Non-Profit: 5 %
  • Petroleum/Energy: 0 %
  • Pharmaceutical/Biotechnology/Health Care: 5 %
  • Real Estate: 5 %
  • Technology: 8 %
  • Other: 24 %

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

  • Northrop Grumman 30
  • Boeing 9
  • Raytheon 7
  • Sony 5
  • bank of America 4
• • Mean age, newest entering class: 26
  • 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: 72 %

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

  • Institutional Scholarships: 60 %
  • Assistantships: 11 %
  • Loans (private and government): 71 %
• • Mean financial aid package: $20,435.00
  • Median financial aid package: $20,398.00
  • On what basis are scholarships awarded? A combination of need and merit
  • How does an applicant apply for scholarship consideration? Unique scholarship application
  • Does school offer a guaranteed loan to all part-time MBAs? No
  • Mean outstanding debt at graduation: $24,702.00

FACULTY

• • Faculty employed by the B-school: 93

• Full-time faculty:

  • Tenured: 44
  • Non-Tenured: 15

• Adjunct/Visiting Faculty:

  • Tenured: 0
  • Non-Tenured: 34

• Women on Faculty:

  • Tenured: 8
  • Non-Tenured: 10

• Minority Faculty:

  • Tenured: 10
  • Non-Tenured: 15

• International Faculty:

  • Tenured: 4
  • Non-Tenured: 6

• Faculty with PhDs:

  • Tenured: 42
  • Non-Tenured: 33
• • Faculty on company boards: 22

STUDENT LIFE

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

  • • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Other
    • Environmental

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

  • • Other
• • Do part-time MBA students have their own area/center on campus? No
  • Do part-time MBA students have break-out rooms? Yes

TEACHING/ACADEMICS

• Teaching Methods:

  • Case Study: 20 %
  • Distance Learning: 3 %
  • Experiential Learning: 10 %
  • Lectures: 42 %
  • Simulations: 4 %
  • Team Projects: 18 %
  • Other: 3 %
• • Estimated number of hours per week students spend on classwork, excluding time spent in class: 20
  • Teachers in the part-time program: 53
  • Tenured teachers in the part-time program: 29
  • Faculty with at least five years of full-time corporate experience 64 %
  • Average core class size: 20
  • Average elective class size: 16
  • Electives available: 49

• Recently added electives:

  • Healthcare Management Systems
  • E-Business Strategies, Ops, and Infrastructure
  • Accounting and Finc Concepts for Strategic Planning
  • Social Media
  • Design Thinking and Business Innovation
• • Last curriculum revision: 2002

• Concentrations and specializations offered to part-time MBAs:

  • • Accounting
    • Finance
    • General Management
    • Human Resource Management
    • Marketing
    • Other
    • Entrepreneurship
    • International Business

• Additional concentrations offered:

  • Information and Decision Systems
• • Does the B-school offer an accelerated part-time MBA program? Yes

• Leading areas of study:

  • • Entrepreneurship
    • Finance
    • International Business
    • General Management
    • Marketing

• 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: Students have 3 choices: (a) in-depth company business plan or (b) Year-long Comparative Management Systems sequence with a 3-week international trip or (c) 3 additional Strategy courses
• • Credits required to graduate: 54

TECHNOLOGY

• • Technology improvements in the last three academic years: We installed AV in Hilton 300, provided 2 large capacity color printers in Hilton Lab 10, added 12 new touch screen Lenovo computers to Hilton 106, updated 2 e-classrooms with all new 30” computers and upgraded 2 labs to hybrid Windows/Macintosh environments. We launched the VDI (Virtual Desktop Infrastructure) pilot and ITS deployed 4 permanent VDI thin clients to the Hilton lobbies. Finally, we purchased 4 52” flat screen TVs to display events and announcements in the Hilton lobby.
  • Amount spent: $1,000,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 4,057
  • 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: $334.00
  • Median gift from MBA alumni: $50.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Business school endowment $24,114,009.00
  • 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://Alumnicommunity.lmu.edu
  • 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://linkedin.com
  • Do current MBA students have access to an alumni database? Yes

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 MBAs permitted to interview for full-time jobs? Yes
  • Are part-time students included in resume drops? Yes

• • -I got a quality education where teachers were teaching not only a curriculum but also life lessons and experiences. The school also is very social and, in a way, laid back. Classmates help each other rather than continually compete. LMU is more than a GMAT score. They want motivated individuals not good GMAT exam takers.
    
    -LMU works for so many reasons. Not only is a great educational opportunity, but you also have the flexibility to go at your own pace so it fits in with almost anyone's lifestyle. The Jesuit transfer network is also a huge plus. I had to move to Boston for personal reasons and LMU made it very easy for me to complete my remaining coursework at Boston College.
    
    -There could be a more available career services team. I know they are working on that as they have just hired someone else full-time in that department, but career services was rather lacking. For me that wasn't a big deal, as I knew I wasn't going to start my job search right away, but it definitely was an issue for many.
    
    -I believe that the LMU MBA program is an excellent program for anyone attempting to advance their career and as such would urge friends and colleagues to attend this institution.
    
    -The career services office can hold more meet and greets and career fairs for MBA students only. Also the MBA program should do a better job of marketing itself as a top notch MBA program.
    
    -I felt I benefited greatly from the program. The small classrooms and the atmosphere for networking and working together on projects really helped make the experience at LMU a good one. Plus, the alumni and entrepreneurs I was exposed to were amazing people/mentors.
    
    -One of the biggest differences with LMU's program relative to others is the lack of a cohort based class system. For students seeking that kind of program, I would not recommend LMU's program. However, for those students who are open to the networking benefits intrinsic to not having a cohort, I would recommend the program.
    
    -LMU's program is structured in a way that accommodates for changes in your life, which can be more drastic later in life. You can easily switch from full time to part time without having to re-enroll into a different program. The curriculum and educational rigor is challenging and prepares you for life in the business world and their travel abroad project is a rewarding and memorable experience.
    
    -Being in LA, there should be more courses related to the entertainment industry and also green technology/sustainability. I think more emphasis on these areas would help draw in more talent to the school.
    
    -The program is very much geared towards working students. The professors are very accessible, having other classmates who are working full time provides a supportive environment and fosters a collaborative environment where students can bring real examples to the classroom for discussion.
    
    -I would like to see some of weaker professors given improvement challenges or termination. I would like to see 100% of professors use online mediums (grading and teachings and current events/news). I would like have a greater emphasis on fellow classmate experiences in classroom discussions. I want to see some of the weaker classmates be given worse grades that reflect a less than par effort.
    
    -They need to improve the quality of some of the professors who have been there a long time. Also, the career services office needs some help to improve the quality of their service and adapt more towards the needs of the part-time students. Finally, communication from the MBA office was lacking. As an example, we were not given explicit details on filing to graduate and the commencement ceremony.
    
    -As a liberal arts undergrad, I had no formal academic business training. The small size of the school allowed me to personally connect with staff and faculty to become deeply involved in the program and the various student organizations.
    
    -I feel fully satisfied with the quality of education I received, specifically with the one-on-one instruction I received from professors outside of class. One must make a program their own and any deficiencies that may be articulated in one program are likely present in another program. It is the student's responsibility to learn what they need and when, and to ask for it.
    
    -Increasing the caliber of students and professors would help. Also, more organization of the program in its entirety. It would also be great if the MBA website was improved to be more professional, user friendly, and appealing.
    
    -The campus setting and location works out well especially with special parking for students since driving is essential in Los Angeles. The students and the timing of course work out well to schedule classes. The international aspect of comparative management studies, which takes students aboard, was a great program to take part of.