Admission Program Tuition and Financial Aid
Admission
What does the MBA application include?
The following MBA application requirements should be completed online:
The following MBA Application Requirements must be mailed to:
Loyola University New Orleans, MBA Program
6363 St. Charles Avenue, Campus Box 15
New Orleans, LA 70118
- MBA Application Form
- Two Recommendation Forms: Recommendation forms should be completed by an employer (someone in a supervisory capacity) or college professors.
- Resume: Provide a detailed description of your employment experience and education.
- Official Transcripts: Official Transcripts are required from every college and university attended since high school, including any schools attended through dual enrollments programs or summer session. Official transcripts must be sent directly to Loyola’s Admissions Office or you can have them sent to yourself in the school’s envelope. Do not break the seal of the envelope.
- Personal Statement: In 400 words or less, address the following three questions in one essay:
- How do you think an MBA will enhance your academic and/or professional background?
- What expectations do you hope to realize by earning an MBA at Loyola?
- What do you bring to the program?
- OPTIONAL: Official GMAT or GRE Score Report: GMAT or GRE score reports must be sent by GMAC or ETS respectively. GMAT and GRE scores are valid for five years. Our school code is 6374 for GMAT and 0022 for the GRE.
- CURRENTLY WAIVED: Nonrefundable Application Fee of $50
- Optional Graduate Assistantship Application
International Students
In addition to the documents listed above, international students must submit the following:
TOEFL, IELTS or Duolingo score report: The MBA program requires the following scores (or higher) for each exam: TOEFL: 90, IELTS: 6.5 or Duolingo: 110
International students requiring an F-1 or J-1 visa must submit an Affidavit of Support showing sufficient funds to finance the course of studies and living expenses.
When can I start the program? Fall, Spring and Summer?
The MBA program at Loyola University New Orleans admits students in Fall and Spring terms for our on-campus programs. In addition, we admit students Fall, Spring and Summer for our Online MBA program. Interested applicants are encouraged to apply for the next available semester. No additional fees will be charged to applicants who need to change their intended start term to a later semester.
When should I apply?
Applicants may begin the MBA application at any time – all application materials do not need to be submitted together. Our Graduate Admissions Counselor works individually with each applicant to ensure that all required materials are received and processed on time.
No additional fees will be charged to applicants who need to change their intended start term to a later semester.
When are the application deadlines?
Domestic Applicants: International Applicants:
Spring – November 30 Spring – October 15
Fall – June 30 Fall – May 15
I am applying to be a JD/MBA student. Do I need to complete the MBA application as well?
Yes. To be considered a JD/MBA student at Loyola University New Orleans applicants must apply and be accepted into each program separately. LSAT or GRE is required to apply to Loyola Law School.
Do I have to take the GMAT or GRE? Can I submit more than one score?
No. An official GMAT or GRE score report is optional for applicants.
Applicants are welcome to sit for the GMAT or GRE as many times as necessary to earn a score indicative of personal ability. The MBA admissions committee at Loyola University New Orleans will always consider an applicant’s highest composite GMAT score. Many students find that they must refresh their mathematics skills to scores favorably on the GMAT and prosper in the program.
If I choose to submit scores, does the committee prefer the GMAT over GRE (or vice versa)?
No. The MBA admissions committee has no preference of one over the other. We encourage all applicants to take the exam that works best for them. You might find this GMAT vs. GRE comparison document from The Princeton Review beneficial while making your decision.
Are international students required to take the TOEFL, IELTS or Duolingo?
International students must submit either a TOEFL, IELTS or Duolingo score report verifying at least an intermediate level of English. Only those international students who obtained a degree from a college or university where English was the language of instruction can potentially waive the exam requirement.
The TOEFL ITP cannot be substituted for the TOEFL IBT (internet based test).
The MBA program requires the following scores (or higher) for each exam:
- TOEFL: 90
- IELTS: 6.5
- Duolingo: 110
What are the minimum requirements for admittance into the MBA program?
The MBA Admissions Committee uses several factors to evaluate applicants for admission. In addition to the GMAT or GRE, the committee also considers full-time work experience, undergraduate GPA, recommendations, and a personal statement. Successful applicants exhibit exceptional historical coursework (3.0+), receive strong GMAT or GRE scores, or possess the professional work experience necessary to contribute positively to classroom discussion. We can provide more insight to individual applicants as additional materials are received.
Is an interview required?
MBA interviews are not required for all applicants. The graduate admissions committee will invite certain MBA applicants for an interview. If you are not invited for an interview, you are more than welcome to request an individual appointment with our Graduate Admissions Counselor or Program Director to learn more about the MBA program and application process.
Will any of my credits transfer?
Incoming students who have graduate level business coursework can transfer up to six credit hours from any AACSB accredited institution. Depending on the coursework, these can transfer for core or elective credit hours. All transfer work will require official transcripts; on some occasions, syllabi will be requested. Only courses taken within 5 years of enrollment with grades of "B" or higher will be considered for transfer work.
Are there any prerequisite courses for the Loyola MBA Program?
Applicants are expected to have basic knowledge of college level Algebra, Finite Math, or Calculus. In addition, it is recommended to have taken a basic Accounting, Financial Management, Statistics and Economics, although it is not required.
Program
When do MBA classes meet?
Typically, MBA classes are taught Monday through Thursday from 6:20 to 9:35 PM. Occasionally, we will offer Monday/Wednesday or Tuesday/Thursday classes from 4:55 to 6:10 PM. Therefore, if you take 9 credit hours (3 classes) during the semester, you generally will be on campus three nights a week. Students are considered full-time when they take 6 or more hours (2 classes) during a semester. Fast-Track students are locked in into 14 credit hours for fall and spring and 12 in summer.
Do you have an Executive MBA program?
No, the College of Business at Loyola University New Orleans does not offer an Executive MBA program.
Do you offer online courses?
Yes. We have a 100% online program that will allow you to complete the Loyola MBA curriculum from wherever you are. Offering flexible scheduling, our online MBA suits all types of learners and students go on their own pace. Click here for more information on our online programs.
How many credits are required to complete the MBA degree?
The MBA program consists of 36-39 credit hours broken down into 3-6 hours of Foundation Courses, 18 hours of Core Courses, 9 hours of Elective courses, and 6 hours of Dynamic Capstone Courses.
Tuition and Financial Aid
What is the total cost of the MBA program?
Tuition is charged on a per credit-hour basis. Tuition for the current academic school year can be found in our financial aid page. Each semester bill will vary depending on desired course load per semester. Please see our Tuition/Fees and Financial Aid webpage for a complete breakdown.
Do you offer scholarships?
Scholarship consideration consists of an applicant’s GMAT or GRE score report. In addition, Loyola young alumni may be eligible for the merit-based discount.
Should I apply for financial aid?
Yes. Regardless of an applicant’s financial situation, we encourage all applicants to fill out a FAFSA form to be considered for financial aid and financing options.
Do you still have questions? Please ask now: mba@loyno.edu