Loyola University Maryland

Program Basics

• • Sellinger School of Business and Management
  • Sellinger School of Business and Management
  • Loyola University Maryland
  • 4501 North Charles Street
  • Baltimore, 21210, Maryland
  • United States
  • Program Web site: http://www.loyola.edu/sellinger
  • Program e-mail address: admissions@loyola.edu
  • Program phone number: 410-617-5012
  • Status: Private
• • AACSB accredited: Yes

• Accreditation other than AACSB:

  • Middle States Commission on Higher Education
• • Year in which the undergraduate business program was founded: 1980
• • Institution: Four Year
• • Business Program: Four Year

SCHOOL BASICS

• Enrollment:

  • Institution's total undergraduate enrollment: 6,061
  • Undergraduate business program's full-time enrollment: 888
  • Undergraduate business program's part-time enrollment: 6
• • Freshman retention rate for your college or university?: 87 %

• Percentage of students who graduate from the business program:

  • Within four years of admission to the university: 84 %
  • Within six years of admission to the university: 91 %

• Undergraduate Business Degrees Offered:

  • Degree Offered (e.g. BA, BS)/Program Name: BBA, Business Administration
  • Degree Offered (e.g. BA, BS)/Program Name: BBA, Accounting
  • Degree Offered (e.g. BA, BS)/Program Name: BA, Economics

PROGRAM COSTS

• • Annual Tuition (Resident): $37,950.00
• • Annual Tuition (Non-Resident): $37,950.00
• • Annual Required Fees: $1,400.00
• • Tuition Per Academic Credit (Resident): $615.00
• • Tuition Per Academic Credit (Non-Resident): $615.00
• • Annual Room and Board: $11,190.00
• • Annual Cost of Books: $1,130.00

CLASS PROFILE

• Students in newest entering class (2010-2011) that are:

  • Female: 40 %
  • International: 1 %

• Mean and Median age of full-time business students in the 2010-11 entering class:

  • Mean: 18
  • Median: 18

• Percentage of 2010-11 entering class:

  • GPA of 3.75 or higher: 21 %
  • GPA of 3.5 to 3.74: 29 %

• SAT scores for the 2010-11 entering class of full-time undergraduate business students:

  • Mean: 1187
  • Median: 1190

• Middle 50% range of SAT scores:

  • From: 1120
  • To: 1260

• Mean and Median ACT scores for the 2010-11 full-time undergraduate business students:

  • Mean: 26
  • Median: 26

• Middle 50% range of ACT scores for the 2010-11 full-time undergraduate business students:

  • From: 23
  • To: 28

• Citizenship breakdown of 2010-11 entering class:

  • US: 98 %
  • Other Non-US Citizens: 2 %

• US Citizens in 2010-11 entering class:

  • African American: 2 %
  • Asian American: 3 %
  • Hispanic or Latino American: 5 %
  • Multiethnic/Multiracial: 1 %
  • White (Non-Hispanic): 88 %
  • Other: 1 %

• Regional breakdown of US Citizens in 2010-11 entering class:

  • Northeast: 72 %
  • Mid-Atlantic: 24 %
  • South: 1 %
  • Midwest: 1 %
  • West: 1 %
  • Possessions and territories: 1 %

ADMISSIONS - Getting Into the Institution

• • Are interviews required?: Not required

• Application deadlines for the 2011-2012 academic year

  • Fall July 15
  • Spring November 15
  • Summer May 2
• • Total number of full-time undergraduate applications (admitted and denied) to all programs: 10,901
• • Percentage of applicants admitted: 55 %
• • Percentage of admitted applicants who enrolled: 17 %
• • Percentage of applicants (admitted and denied) to the entire college for the 2010-11 academic year who were international: 1 %
• • Percentage of college applicants (admitted and denied) for the 2010-11 academic year who were female: 40

• Relative Importance of Application Elements

  • Secondary school record: Very Important
  • Class rank: Considered
  • Talent/ability: Important
  • Interview: Not Considered
  • Extracurricular activities: Important
  • Volunteer work: Important
  • Character/personal abilities: Very Important
  • Application essay: Very Important
  • work experience: Considered
  • SAT/ACT scores: Considered
  • Recommendations: Very Important
  • High school GPA: Very Important

ADMISSIONS - Getting Into the Business Program

• • Undergrad business program admissions are managed by: The university admissions office
• • Entrance exam other than the SAT/ACT required for admission to the undergraduate business program?: No
• • Admissions interviews for the undergraduate business program are: Not offered

• Freshman admission:

  • Does the business program admit freshmen?: No
  • Are business students admitted to the program as freshmen required to complete or obtain minimum GPAs? No

• Internal transfers:

  • Method for handling internal transfers: Declare business major

CAMPUS LIFE

• Five largest on-campus organizations for business students:

  • Student in Free Enterprise (SIFE)
  • Loyola Marketing Association
  • Financial Management Association
  • Beta Alpha Psi/Beta Gamma Sigma/Mu Kappa Tau
  • Alpha Sigma Nu
• • Are freshmen required to live on campus?: No
  • Are business students grouped together in 'learning communities' in housing and other facilities?: No

PROGRAM REQUIREMENTS

• Minimum number of credit hours required to receive an undergraduate business degree:

  • BBA 120
  • BA 120

• Other requirements for the undergraduate business degree

  • Candidates for the BBA must complete an experiental learning requirement, by participating in two of the following three options: Internship, international and/or service-learning.

ACADEMICS

• • Average class size in required business classes, excluding those offered in electronic format: 26
  • Average class size in BUSINESS ELECTIVES, excluding those offered in electronic format: 17

• Percentage of business classes:

  • With 20 or fewer students: 32 %
  • With 21 to 50 students: 66 %
  • With more than 50 students: 2 %

• Course enrollment:

  • Percentage of required business courses reaching maximum enrollment by the first day of class: 57 %
  • Percentage of required business courses with waiting lists: 0 %

CURRICULUM

• Electives:

  • Number of elective courses (not different sessions of same course) available in the business program in the current academic year: 49
  • Names of new electives that have been added to the business program in the current academic year: LW 319: Special Topics in Law and Social Responsibility and Catholic Studies
• • In what year was the last major change or significant overhaul to the business program's core curriculum?: 2009
  • Total number of faculty currently teaching in the undergraduate business program: 101
  • Percentage of the total faculty that is tenured or tenure track: 56 %

• Most prominent faculty:

  • Beth A Vallen
  • Paul Tallon
  • Yoon S Shin

• Business program's leading areas of study:

  • • Accounting
    • Finance
    • Marketing
    • International Business
    • Other
  • Other leading area of study: General Business

• New electives added in current academic year:

  • LW 319: Special Topics in Law and Social Responsibility and Catholic Studies
  • IB 470: Special Topics in International Business: International Business Law
  • LW 409: Special Topics in Law and Social Responsibility: Environmental Law and Policy
  • MG 419: Special Topics in Management: Project Management
  • MG 419: Special Topics in Management: Dark Side of Leadership

• Special Programs:

  • Special programs available to business students: Sellinger Scholars Program; Honors Program; Experiential Learning Requirement; Quantitative Economics Concentration; and Minor in Information Systems

• Work study:

  • Does the business program offer work study or co-op opportunities?: No
  • Opportunities available for work study or co-op: Our University offers Federal Work Study or Direct Hire opportunities to our students.

• Study abroad:

  • Does the business program offer opportunities to study abroad?: Yes
  • Study abroad programs: Students may take business courses abroad through Loyola University’s programs, exchanges, affiliations and study tours in: Africa, Spain, the Netherlands, New Zealand, Thailand, China, Argentina, Denmark, Italy, Ireland, France, Belgium, Australia, United Kingdom, Japan, Chile, Germany and El Salvador. Summer programs are also offered in Montpellier, Paris or Guadeloupe, France or Prague, Czech Republic

• Volunteer opportunities:

  • Are opportunities for volunteer work and community service available to business students?: Yes
  • Available opportunities for volunteer work and community service: Over 60% of business students volunteer in Baltimore, regionally and globally. Examples of these initiatives are Project Mexico,Beans and Bread,Habitat for Humanity,and Women Entrepreneurs of Baltimore. Business students are an intergal part of the development of the York Road corridor, a low income area. They offer tutoring in 15 separate Baltimore area schools. There are 11 additional courses that provide service opportunities. Many initiatives extend overseas when students study abroad.

• Extracurricular activities:

  • Business-related clubs and extra-curricular activities are available to undergraduate students: Beta Gamma Sigma
  • Beta Alpha Psi
  • Institution of Management Accountants
  • Financial Management Association
  • Loyola Marketing Association
  • Lattanze Student Association
  • Adam Smith Economics Society
  • Students in Free Enterprise (SIFE)

FINANCIAL AID

• • Who manages financial aid for the business program?: Central financial aid office at the university
  • Financial aid web site: http://www.loyola.edu/financialaid

• Scholarships

  • Total scholarship money distributed to undergrad business students through the financial aid office: $10,638,562.00
  • Total scholarship money expected to be distributed to undergrad business students through the financial aid office: $10,814,686.00
  • On what basis are scholarships awarded to students in your business program?: a combination of need and merit
  • Percentage of undergraduate business students receiving institutional scholarships or grants for the 2010-11 academic year: 70 %
  • Percentage of undergraduate business students receiving FULL-TUITION scholarships for the 2010-11 academic year: .4
  • Percentage of institutional scholarship money distributed to undergraduate business students based on need: 75 %
  • Percentage of institutional scholarship money distributed to undergraduate business students based on merit: 25 %

• Loans

  • Does the school offer a guaranteed loan to all business students, regardless of nationality?: No
• • Mean outstanding debt among 2010 undergraduate business program graduates: $19,443.00

CAREER SERVICES

• Employment Information

  • Percentage of 2010 graduates from the business program for whom you have information regarding employment: 93 %
  • Percentage seeking full-time professional employment in business: 85 %
  • Percentage not seeking full-time professional employment in business: 15 %
• • Number of companies that recruited undergraduate business students on campus: 256
  • Number of companies that posted full-time job offers for undergraduate business students on school job boards: 927
  • Other activities and services: Individual career advising sessions,online jobs and internship database systems,job readiness workshops,resume/cover letter critiques,practice interviews,on-campus recruitment program, weekly electronic job listings,career and internship fairs,alumni networking database,self-assessments,career nights,corporate panels/presentations,graduate/professional school advising,graduate school entrance exam prep courses,career resource library,evening advising hours,lifelong career services for alumni

• Job Offers

  • Accepted first job offer by graduation : 40 %
  • Accepted first job offer more than 3 months after graduation: 54 %
  • Did not report having accepted a job offer : 6 %

• Firms that hired the most 2010 undergrad business majors for full time jobs

  • Morgan Stanley 11
  • KPMG LLC 5
  • PriceWaterhouse Coopers 5
  • IBM 4
  • Deloitte and Touche LLP 3
  • Clifton Gunderson 3
  • Stanley Black and Decker 3
  • Wells Fargo 3
  • Milleninial Media 3
  • AXA Advisors LLC 3
  • Assumption University of Thailand 3
  • Ernst and Young 2
  • Northrop Grumman Corporation 2
  • Enterprise Rent-A-Car 2
  • Care First Blue Cross Blue Sheild 2

• Compensation

  • Mean base salary: $45,588.00
  • Median base salary : $48,000.00
  • Mean signing bonus: $2,160.00
  • Median signing bonus: $2,000.00

• Percentage of 2009-10 academic year graduates who accepted jobs in the following functional areas:

  • Consulting: 6 %
  • Finance/Accounting: 31 %
  • General Management: 14 %
  • Management Information Systems: 1 %
  • Marketing/Sales: 23 %
  • Operations/Production: 8 %
  • Logistics/Transportation: 1 %
  • Other: 16 %

• Percentage of 2009-10 academic year graduates who accepted jobs in the following industries:

  • Accounting: 15 %
  • Consumer Products/Retail : 12 %
  • Consulting: 4 %
  • Financial Services: 25 %
  • Government/Education: 9 %
  • Pharma/Biotech/Health: 4 %
  • Manufacturing: 5 %
  • Media/Entertainment: 5 %
  • Real Estate: 2 %
  • Sports/Leisure: 4 %
  • Technology/Science: 2 %
  • Non-Profit: 2 %
  • Transportation: 1 %
  • Utilities: 1 %
  • Other: 9 %

• Percentage of 2009-10 academic year graduates who accepted jobs in North America:

  • US: 100 %

• Percentage of 2009-10 academic year graduates who accepted jobs in regions of US:

  • Northeast: 42 %
  • Mid-Atlantic: 53 %
  • Midwest: 1 %
  • South: 1 %
  • Southwest: 1 %
  • West: 2 %

INTERNSHIPS

• • Number of companies that recruited internship-seeking undergraduate business students on campus in 2009-10 academic year: 130
  • Number of companies that posted internships for undergraduate business students on school job boards in 2009-10 academic year: 391

• Firms that hired the most 2010 undergrad business majors for internships:

  • Merrill Lynch 11
  • Morgan Stanley 8
  • Loyola University Maryland 7
  • Smith Barney 6
  • KPMG LLC 5
  • Aflac 5
  • Ernst and Young LLP 3
  • Cornerstone Financial LLP 3
  • Samuel Shapiro and Company Inc 3
  • C.E.A. Scholtes and Associates 3
  • Constellation Energy 3
  • McCormick and Co, Inc 2
  • T. Rowe Price 2
  • CareFirst BlueCross BlueShield 2
  • Pricewaterhouse Coopers 2

• Internship pay

  • Percentage of internships from July 1, 2009 to June 30, 2010 that were paid: 51 %
  • Mean compensation, per week, for paid internships only: $973.00
  • Median compensation, per week, for paid internships only: $1,000.00
  • Average internship length, in weeks: 10

B-SCHOOL ALUMNI

• • Total number of undergraduate business program graduates since inception: 7,502
  • Total living alumni of the undergraduate business program: 7433
  • Percent of living undergraduate business alumni who contributed to the program or university July 1, 2009 to June 30, 2010: 8 %

• Alumni gifts

  • Mean Gift: $302.00
  • Median Gift: $100.00
  • Did undergraduate business program receive any individual gift in excess of $10 million from July 1, 2009 through June 30, 2010?: No

• Prominent alums of the undergrad business program

  • Ed Hanaway Retired CEO/CIGNA
  • Gerry Holthaus Retired CEO/Williams Scotsman
  • Harry Markopolis Chartered Financial Analyst/Harry Markopolos, CFA/CFE

• • -Loyola has an extremely strong business school program. It’s large compared to other programs yet it’s a close-knit community that encourages communication between students, faculty, and administration and ensures that every voice is being heard. I feel a strong connection to my business school peers and professors.
    
    -The Catholic focus on social justice and ethics gives the graduates of Loyola a special perspective entering the business world.
    
    -Almost all of the classes consist of fewer than 35 students, so professors always know their students by name and are constantly available for help.
    
    -There is a strong focus on accounting and finance but the other concentrations aren't given the same attention. A more open approach to all areas of business would result in a stronger program and students.
    
    -We have a strong faculty that prepares us well for the real world.
    
    -The academic requirements could be a little more stringent. Sometimes I feel students are able to breeze by doing the minimum and aren't always sufficiently challenged.
    
    -The core classes give everyone a broad, well-rounded education. The experiential learning requirement is good and requires two of the following three: internship, study abroad, or service learning.
    
    -In Baltimore, there are fewer opportunities, so more company visits and more alumni relationships would be great.
    
    -I believe Loyola has an extremely strong business school program, which is large comparatively speaking to other school programs. Yet, it is a close-knit community, which encourages communication between students, faculty, and administration and ensures that every voice is being heard. I feel a strong connection to my business school peers as well as professors.
    
    -Loyola is unique in that the school really forces you to educate yourself as an entire individual. The small classes force you to interact and grow not only as a student but as a person. There are no classes here with over 30 students; therefore you can't come to class without engaging and contributing. It really is "hands on" learning. I feel that my personal skills have been improved greatly because of experiences at Loyola. I feel that a differentiator in me as a candidate for employment this past fall has been that I have been able to display my ability to exercise great interpersonal skills and teamwork. I credit much of this to Loyola. The school has helped me reach my potential in many respects, both academically and personally.
    
    -I think that with the school pulling from different geographic regions, the school should work harder to find students employment opportunities in their desired region. I think the academic advisors in the accounting department should become more knowledgeable of different opportunities available to students in other areas. In addition a few faculty members who have tenure harm the program because they are kept around, but not longer teach their students to the best of their ability. They expect much from their students (as they should) but do not give much back to the students in return.
    
    -The Career Center has open doors and welcomes students to go in and get help. They also provide access to great internship and job opportunities. Our campus and community is small and close knit, which makes networking much more personal.