Professional MBA (Part-Time)

The MBA program admits part-time students for the fall and spring semesters. Applications are reviewed on a rolling basis. Application deadlines are below:

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

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 also provide:

• ​A third-party evaluation of academic records (transcripts) is 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. 
• Must also provide 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

Your personal statement should give us a clear picture of who you are and where you are headed. Begin by explaining your current professional position and the goals you are working toward. Then show us how this graduate degree fits into that plan.

We are less interested in broad promises about "changing your life" or "unlocking your future" and more interested in how you intend to use this degree in practical terms.

Be specific about the roles that interest you and the skills you want to develop. Describe the experiences that influenced your decision to pursue graduate study. This is your opportunity to show us how you think and what motivates you.

A strong statement feels reflective, focused, and honest. It should sound like you. 

Also, please refrain from including statements that are overly complimentary of the success of our programs.

Your Personal Statement is a reflection of YOU, not a way to score points with over-complimenting our programs. We already know how great the program is.

Using AI in the Application Process

We want your application to reflect your own thinking and your own voice. Artificial intelligence tools should not be used to write your essays or generate your ideas. When a statement feels generic or overly polished, it often loses the authenticity we are trying to understand. We've seen AI essays and they all look the same. This is not a "check the box" assignment, every Personal Statement submitted is read by a human. 

You may use tools to review grammar or improve clarity after you have written your draft. The substance of your application, however, should come directly from you. We are evaluating your judgment, your goals, and your readiness for graduate study. The best way for us to do that is by hearing from you in a genuine and personal way.

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

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. 

Assistantships are paid, hourly positions assigned based on the application (e.g., GMAT scores, GPA, work experience) and student skills and interests. 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.