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Loyola University Chicago

Quinlan School of Business

Academic Policies

Academic Courses

Auditing: Students may not attend any class for which they are not officially registered. Current students are not permitted to audit classes in the Graduate School of Business. However, GSB alumni may register for and audit classes on a space-available basis.

Transferring courses: The Admissions Committee considers transfer of graduate-level courses from AACSB-accredited institutions only. Courses with earned grades of B (or equivalent) will be considered for transfer credit. Transfer credit will be applied to the student's academic program, but grades will not be calculated in their Loyola grade point average. Current Loyola GSB students may not take outside courses toward a Loyola GSB degree without the written approval of the Assistant Dean. The Jesuit Business School Network (JEBNET) transfer program allows special accommodations for students transferring from most Jesuit graduate schools of business.

Waived and/or advanced courses(only applies to MBA, MSF, MSIMC, and MSSCM students): The Admissions Committee will review all undergraduate and graduate-level transcripts as part of the admission process. Students admitted to the Loyola GSB will receive a curriculum planner with a list of all courses required for the program to which they are admitted. A student who has completed a minimum of two courses in a core area with a grade of B (or equivalent) or higher may be granted a waiver if determined appropriate by the Admissions Committee. A maximum of four core courses may be waived, and waivers are granted only for core courses.

Students with a significant academic background in business may be granted the opportunity to take advanced-level courses in place of the core courses. A maximum of four core courses may be advanced.

To request waiver or advancements, MBA students must meet with an academic advisor before beginning the academic coursework. It is assumed that a student not making a request for waivers or advancements by the sixth week of his/her first term will complete eighteen courses for the MBA.

Academic Standing

Students whose grade point average falls below 2.0 will be placed on academic probation. Students on probation must achieve a cumulative GPA of at least 2.33 (C+) in the next block of three courses. Students achieving a 2.33 GPA as specified can be continued on probation until a cumulative GPA of 2.0 is earned. Probationary students earning less than 2.33 as previously specified will be dismissed. Students dismissed are not eligible for readmission. Your overall cumulative GPA to graduate must be greater than or equal to a 2.0

Academic Status

Full-time and part-time:The GSB considers a full-time load to be three or four courses per quarter. Part-time students usually take one or two courses per quarter. The maximum course load per quarter is four courses (12 hours).

Continuing status:GSB students who do not attend classes for two consecutive quarters will lose their continuing status and will need to apply for readmission to the GSB. Students who find it necessary to be out of school for two consecutive quarters will need to submit a Leave of Absence request to the GSB. Under most circumstances, readmission within one year will be granted.

Credit Hours

All GSB courses carry three semester hours of credit. Internships carry between one and three semester hours of credit.


The official grades of record in the GSB are: A, A-, B+, B, B-, C+, C, C-, D+, D, F, P, I, W and WF.


Graduation Information can be found here.


GSB students with a GPA of 4.0 will be recognized with High Dean's Honors. Students with a GPA of 3.9 will be recognized with Dean’s Honors. Students with a 3.41 or above may be invited to apply for Beta Gamma Sigma, the Business Honors Society. Spring graduates may also be considered for Alpha Sigma Nu, the Jesuit Honors Society. The highest honor of the university, the President's Medallion, is awarded to one student in the School of Business Administration who exemplifies the Jesuit ideal.


Students can withdraw themselves from classes through LOCUS up to the week before finals. Please see theacademic calendar for exact withdrawal dates. Tuition and fees are adjusted according to the following withdrawal schedule.

Credit Given
First and second week of term 100%
Third and fourth week of term 50%
Fifth week of term 20%
Sixth week of term and beyond 0%

If the resulting adjustment creates a credit balance on the student's account, a refund will be mailed to the student's permanent address on file with the Office of Registration and Records.


Quinlan School of Business · Graduate Programs Office
1 E Pearson St, Maguire Hall 204 · Chicago, IL 60611
Phone: 312.915.6124 · quinlangrad@luc.edu

Notice of Non-discriminatory Policy