Fast-Track MBA

The MBA program admits fast-track students in fall and spring terms. Applications are reviewed on a rolling basis. Application deadlines are below:

• June 30
• November 30
• International: May 15 and October 15 

All applicants must submit the following:

• Application form
• ​$50 application fee (Currently waived)
• Current résumé
• Statement of purpose
• 1-2 letters of recommendation from professional references (Optional, but recommended)
• Official transcripts showing all college work attempted: undergraduate, graduate, and professional

• Official GMAT or GRE score report (Optional)

International applicants must submit the following in addition to the items above:

• A third-party evaluation of academic records (transcripts): required for all applicants who attended or completed their bachelor's and/or master's degree outside of the United States. Loyola University’s MBA program accepts evaluations from the following agencies: 1) World Education Services (WES), 2) Educational Credential Evaluators (ECE) or 3) Spantran. We require the course-by-course evaluation for either option. 
• An affidavit of support showing sufficient funds to finance their course of study and living expenses. 
• Official TOEFL, IELTS or Duolingo score report. More details on this requirement can be found here.

Please note that, for all applicants, scores and transcripts sent directly from the applicant are considered self-reported and unofficial. A complete application requires official documents. Please arrange for the testing agencies and institutions to send your official documents directly to us. Once all official documents are received and all admission requirements are met, your application will be sent to the program for review.

We are looking for applicants who are ready for the demands of graduate study in business and who understand the level of commitment it requires. This is not undergraduate work where completion was a major goal. In Graduate School, faculty want to see you can think strategically about the subject matter and you take deep interest in such.

Strong candidates show academic discipline, professional maturity, and the ability to stay focused when work becomes challenging. We want to see evidence that you follow through on goals and take responsibility for your progress.

Beyond academic preparation, we look for self-awareness and growth. Help us understand how you respond to challenge and what you have learned from your experiences thus far. Share moments that shaped your thinking or strengthened your skills.

Our programs rely on discussion and collaboration, so we value students who contribute thoughtfully in group settings and who respect the perspectives of others. Whether in-person or online, graduate-level work is defined by learning and working with your classmates.

Most of all, successful applicants have direction.

They understand why they are pursuing this degree and how it connects to their professional path. Clarity of purpose makes a strong application stand out. A Graduate Business degree is an addition to your career path not a definer. Employers usually want experience along with the MBA for a candidate to stand out and be invited to interview. A candidate with two degrees and no work experience (beyond part-time and internship jobs) is not highly recruited or desirable by employers.

How to Approach a Personal Statement

Graduate students are expected to learn from experience, reflect on challenges, and apply those lessons to future leadership.

Describe one professional or academic experience that changed how you think about leadership, teamwork, decision-making, or success. Explain what happened, how you responded, what you learned, and how that experience influenced your decision to pursue an MBA. Discuss the skills you hope to develop in graduate school and how they connect to your specific career goals.

Your essay should include concrete examples rather than general statements. Readers should finish your essay with a clear understanding of who you are, what experiences have shaped you, and why this MBA is the appropriate next step in your professional development.

AI Use: AI tools may be used only after you have written your own draft to assist with proofreading for grammar, spelling, and readability. The ideas, examples, organization, and writing must be your own. If AI is used, include a brief note describing how it was used. 

The application process may include follow-up questions about the experiences discussed in your essay during an interview.

Click here to learn more about financial aid, employer reimbursement, current tuition and fees, and payment plans: Funding Your Graduate Education

The University’s Scholarships + Financial Aid Office can assist with FAFSA, private loans, grants, and other funding opportunities.

MBA Tuition / Fee Schedule

*Fees are assessed at the full-time rate to graduate and law students enrolled in 6 or more credit hours.

** Students are billed during the graduation term.

Graduate Assistantships

Assistantships are paid, hourly positions assigned based on the application (e.g., GMAT scores, GPA, work experience) and student skills and interests. Graduate assistants support business faculty with research, grant administration, and event planning, and may have opportunities to co-author publications. In addition, university departments may request business graduate assistants for research, consulting, and special projects.

Current and admitted students will receive emails with upcoming assistantship opportunities and next steps to apply. Assistantships are awarded to students who are admitted and actively enrolled.

Academic Scholarships

MBA applicants and students are considered for applicable scholarships as they become available. 

Programs for Veterans of Military Service

The Registrar's Office provides information about programs available to veterans of military service. Learn more here: Veterans and Active Duty Military. For additional assistance, please contact Kathy Gros, Director of Student Records and Registration Services and the University liaison for Veterans Affairs.

Employer Reimbursement

If your employer offers tuition reimbursement, you may qualify for a 90% tuition and fee payment extension. Review program requirements here.