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Loyola University Chicago

Catalog

School of Business Administration

School Requirements

College and School Information


About the School of Business Administration

The mission of the School of Business Administration is to provide excellent business education inspired by the Jesuit tradition of educating the whole person. The Bachelor of Business Administration (B.B.A.) program integrates a foundation of education through the University Core Curriculum that includes a total of 15 courses (45 credit hours of coursework), primarily in the arts and sciences, which develop important college-level skills and integrate an understanding of values through 10 required areas of knowledge as well as four required areas promoting values across the curriculum. In addition, each student completes required courses in business that serve to develop individual intellect and character. Our goal is to prepare skilled business professionals who will develop into socially-responsible, ethical leaders.

Students must complete the 10 required areas of knowledge in the university's core: college writing seminar, artistic knowledge and experience, historical knowledge, literary knowledge, quantitative analysis, scientific literacy, societal and cultural understanding, philosophical knowledge, theological and religious studies, and ethics. They must also complete four values across the curriculum: understanding diversity, promoting justice, faith in action, and civic engagement and leadership. Students should note that they may complete quantitative analysis, societal and cultural understanding, one of the philosophical knowledge courses, and ethics with courses required in the business core curriculum and other School of Business Administration required courses.

Business core curriculum courses provide functional skills in accounting, business law, economics, finance, human resource management, information systems, marketing, operations management and strategic management. In addition, advanced business courses and electives serve to integrate the functional disciplines and provide depth of knowledge in one or more areas of concentration.

The School of Business Administration is fully accredited by AACSB International, the Association to Advance Collegiate Schools of Business. In addition, the accounting programs are separately accredited by AACSB International.

Contact Us

Water Tower Campus
1 E. Pearson
Chicago, IL 60611
Phone: 312-915-6113
Fax: 312-915-7207

Website: www.sba.luc.edu/undergrad

Office of the Dean
Dean: Abol Jalilvand, Ph.D
Associate Dean: Dawn Harris, Ph.D.
Assistant Dean, Undergraduate Program: Susan Ries, Ph.D.

Academic Advising

First-year and second-year students are advised through the Office of University Advising.

Academic advising is handled in the undergraduate Assistant Dean's office of the School of Business Administration. The initiation of timely class withdrawals, changes in courses, and filing of degree applications are all matters specifically requiring the dean's approval. Declarations of majors and minors should be made in the undergraduate office.

The undergraduate office is the primary point of contact for all matters that relate to degree requirements in the School of Business Administration. Students with any questions or concerns regarding academics, such as courses, scheduling, majors or minors, etc., should consult with the Assistant Dean's office.

Degree Program

All SBA students complete a broad-based core of foundation courses, followed by advanced study in an area of concentration, leading to the Bachelor in Business Administration (B.B.A.) degree in the following:

  • Accounting
  • Economics
  • Finance
  • Human Resource Management
  • Information Systems
  • International Business
  • Marketing
  • Operations Management
  • Sport Management

School Requirements

Writing and Writing-Intensive Courses: In order to graduate from the School of Business Administration, students ordinarily must complete three writing courses. These include: UCWR 110, or the equivalent; and two writing-intensive courses. UCWR 110 must be taken in the freshman year and must be completed with a grade of "C-" or better before any writing-intensive course may be taken.

Designated sections of courses are taught with a special emphasis on writing. Students in these courses will have a variety of writing assignments that will be integrated closely with the learning objectives of the course. The purpose of the program is to assure that students continue to give attention to writing as an essential component of education throughout their years at Loyola.

In order to ensure that training in writing is spread throughout the undergraduate years, the program specifies that no more than one writing-intensive course per semester may be applied to this requirement. Transfer students should also consult with the dean about how the writing-intensive requirement applies to them. Each student must complete at least one of their writing intensive courses with a SBA course or ENGL 310 (Advanced Business Writing Seminar). The other writing intensive course may come from any discipline.

Math requirements: Students are also encouraged to satisfactorily complete the mathematics requirement of the program during the freshman year or as early in their education as possible.

University Core Curriculum

For specific information, please refer to the University Core Curriculum section in Academic Rules and Regulations or visit the University Core Curriculum Website at www.luc.edu/core. Specific suggestions on how to fulfill the Core through the School of Business Administration are detailed below.

Knowledge AreasSchool Recommended Courses
College Writing Seminar (3 credit hours)UCWR 110 (Required as a prerequisite for writing-intensive courses)
Artistic Knowledge (3 credit hours) 
Historical Knowledge (6 credit hours) 
Quantitative Analysis (3 credit hours)MATH 131
Literary Knowledge and Experience (6 credit hours) 
Philosophic Knowledge (6 credit hours)PHIL 185, Business Ethics (3)
Scientific Literacy (6 credit hours) 
Societal and Cultural Understanding (6 credit hours) 
Theological and Religious Studies (6 credit hours) 
Ethics (3 credit hours)PHIL 185, Business Ethics (3)

Required Business Administration Courses:

Each School of Business Administration student must complete the following required business administration courses plus the required courses for one area of concentration. A student may choose to complete the courses for additional areas of concentration or for a minor.

Required Credit Hours
ACCT 201 Introductory Accounting I3 credit hours
ACCT 202 Introductory Accounting II3 credit hours
ECON 201 Principles of Economics I (Micro)3 credit hours
ECON 202 Principles of Economics II (Macro)3 credit hours
ECON 303 Microeconomics
AND/OR
ECON 304 Macroeconomics*
3 credit hours
FINC 332 Business Finance3 credit hours
ISOM 241 Business Statistics3 credit hours
ISOM 247 Computer Concepts and Applications3 credit hours
ISOM 332 Operations Management3 credit hours
LREB 315 Law & the Regulartory Environment of Business3 credit hours
MARK 301 Fundamentals of Marketing3 credit hours
MGMT 301 Managing People and Organizations3 credit hours
MGMT 304 Strategic Management3 credit hours

*Economics majors are required to take both ECON 303 and 304; Finance majors must take ECON 303.

Notes:

  • Area of concentration and major are used interchangeably in the School of Business Administration.
  • Only students with junior standing and above will be permitted to enroll in 300-level courses.
Other School of Business Requirements
CMUN 101 Public Speaking3 credit hours
MATH 131 Elements of Calculus3 credit hours
PHIL 185 Business Ethics3 credit hours


Elective Courses
Free electives: Any courses from arts and sciences and/or business administration23-29 credit hours

Major(s): All students must complete a major field of study and may choose to complete two or more majors, or a major and a minor. The nine fields from which to select a single major field of concentration are: accounting, economics, finance, human resource management, information systems, international business, marketing, operations management and sport management . Each student will take specialized studies in a field of concentration during their junior and senior years.

A major field of concentration in the School of Business Administration consists of at least five advanced courses beyond the core requirements in a department of instruction. The accounting major requires seven advanced accounting courses. International business and sport management both require 18 hours of coursework. A minimum of 80% of the major or minor field courses must be approved courses offered and successfully completed at Loyola's School of Business Administration. A student must attain a minimum arithmetic grade point average of no less than 2.00, i.e., "C," in the courses of the major field of concentration. In addition, a student must earn a grade of "C-" or better in every course accepted for the major or minor. All grade from courses attempted in a major area of concentration are computed in the major area GPA.

Majors and Program Details

Minors
The SBA offers a variety of minors for both business students and non-business students. Choosing a minor offers students a chance to gain working knowledge in an area in addition to their major field of concentration. All students may declare their minor in the undergraduate Assistant Dean's office for the SBA.

Grade Requirements
All university core, business core, business school requirements, major and minor courses must be successfully completed with a grade of C- or better. In addition, the overall GPA and any major or minor GPA must be greater than or equal to a 2.0. All grades from courses attempted in a major or minor are calculated into the major or minor GPA.

Required Courses for Each Major

  • Accounting: ACCT 231, 303, 304, 311, 328, and two from ACCT 306, 307, 308, 323, 341.
  • Economics: ECON 304, and four additional economics courses (excluding ECON 350).
  • Finance: FINC 335, and four from 337, 340, 342, 345, 346, 347, 355, 357, 395, 398, 399.
  • Human Resource Management: Five from MGMT 305, 311, 313, 315, 317, 318, 335, 360, 395, 399.
  • Information Systems: ISOM 346, 347,& 370, and two from ISOM, 349, 355, 370, 393, 397, 395, 398, 399.
  • International Business: ANTH 102 and either MARK 363 or MGMT 315; and five from: ACCT 306, ECON 323, 324, 325; FINC 340, 355; ISOM 338; MGMT 305, 315; MARK 341, 363.
  • Marketing: MARK 310, 311, 390, and two additional marketing courses (excluding MARK 350).
  • Operations Management: Required (at least 3 from) ISOM 337, 338, 341, 383 and Electives (no more than 2 from) ISOM 339, 347, 349, 393, 395, 399.
  • Sport Management: SPRT 130 and 5 advanced SPRT courses (excluding SPRT 350)

Note: Internship courses (350) do not apply to completion of any area of concentration. Internship courses count as free elective credit only.

For students double majoring or minoring in any two (or more) concentrations, only one applicable course may be applied to both concentrations. The only exception is for students choosing a second major that is International Business. For this major, two courses will be allowed to count twice.

Students are expected to adhere to all course prerequisites for any course as listed in the online schedule of classes each term. Specific information can be found in LOCUS.

Curricula for transfer students: Generally, transfer credit will not be allowed for business administration courses taken elsewhere at the freshman or sophomore level if such courses are not offered at the same level at Loyola. In the School of Business Administration, 300-level courses are to be taken by juniors and seniors. These courses usually will not transfer if they are taken as a freshman or sophomore. All transfer students must complete a minimum of 50% of all business courses at Loyola University Chicago.

With respect to non business administration courses, students contemplating a transfer should review specific course requirements. Note that non-business administration requirements are stated in some cases in terms of course areas rather than specific courses. Students who intend to transfer to Loyola are strongly urged to visit or call the School of Business Administration for assistance in planning their college work at Loyola University.

Honors and Awards

Dean's Advisory Council
The council serves as a formal link between the School of Business Administration and its student body. For example, the council works with the deans to implement various projects. Activities include organizational support of the recruiting activities for prospective students, and an annual event called Business Week. Business Week was developed by the Dean's Advisory Council to give alumni and other business professionals the opportunity to share with current students about how a Loyola education has impacted their personal career development.

Dean's List
Each Fall and Spring Semester, the School of Business Administration acknowledges those full-time (12 or more hours) students who obtain at least a 3.5 grade point average for the term. Students on the dean's list receive personal acknowledgement from the dean.

Dean's Key
Ordinarily given to the business administration senior or seniors who, in the estimation of the dean, have made the most outstanding contributions in both leadership and scholarship to the reputation of the school. It is awarded to whomever may be expected in the years after graduation to exemplify, both as citizens and as successful business professionals, the highest ideals of the university.

Departmental Keys
Each academic major in the School of Business Administration ordinarily awards one silver honor key annually to the graduating senior who has demonstrated outstanding academic ability in that major field of concentration. Those considered for this award usually will have earned the highest academic average for all coursework in their particular field of concentration. Other factors such as, but not limited to, leadership achievement, cumulative grade point average, and graduation honors may, at the full discretion of the faculty, be recognized in the selection process.

Leadership Awards
Certificates of merit are awarded to those full time School of Business Administration students who have distinguished themselves by active and meritorious participation in various extracurricular activities within the university.

Alpha Kappa Psi Scholarship Key
A key which is merited by the senior student in the fraternity in the School of Business Administration who has demonstrated outstanding academic excellence in all undergraduate courses taken at Loyola. Ordinarily this means the highest cumulative grade point average achieved for all courses attempted at Loyola.

Delta Sigma Pi Scholarship Key
A key which is merited by the senior student in the School of Business Administration who has demonstrated outstanding academic excellence in all courses taken at Loyola. Ordinarily, this means the highest cumulative grade point average achieved in all courses attempted at Loyola.

Departmental Honors
Academic honors in each major will be conferred on those students who meet the specific requirements for each major within the School of Business Administration. Students seeking honors in their major should consult with the Assistant Dean.

Honor Societies and Fraternities
The university honorary societies and professional fraternities for which business administration students may qualify are:

  • Alpha Kappa Psi: A national professional fraternity founded with the purpose of stimulating and developing scientific research in the field of commerce and business administration.
  • Beta Alpha Psi: A national honorary accounting fraternity with membership limited to juniors and seniors in the full- and part-time business administration programs. Students must be majoring in accounting, finance or information systems, and display high scholastic and personal character requirements.
  • Beta Gamma Sigma: A national scholastic honor society for business administration students. Membership in the Loyola chapter is available to qualified junior and senior School of Business Administration students.
  • Delta Sigma Pi: A national professional business fraternity, organized to promote closer affiliation of business administration students to the business community.


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