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Detailed Information

Programs of Study

Loyola University Maryland (formerly Loyola College in Maryland) has offered graduate business education in Baltimore for more than forty years and established the School of Business and Management in 1980. In 1984 the business school was formally named the Rev. Joseph A. Sellinger, S.J. School of Business and Management. In 1988, the Sellinger School earned accreditation in all programs by AACSB and in 1990, the accounting department earned specialized national accreditation from AACSB. In an effort to meet the market demand for highly skilled management professionals, its programs cater to professionals seeking leadership credentials in today’s dynamic business environment and reflect Loyola’s tradition of excellence, discipline, creativity, and a sense of responsibility to the larger world.

The Sellinger School of Business and Management offers two evening graduate business degree programs: the Evening M.B.A. program, offered through traditional and fast-track options, and the Master of Science in Finance program. These programs are geared to meet the needs of today’s busy working professional seeking career advancement and personal enrichment. Loyola also offers two weekend M.B.A. options: the Executive M.B.A. and the M.B.A. Fellows Programs. The traditional M.B.A. program requires completion of 53 credits, including 20 credits in foundation courses, 21 credits in core courses, and 12 credits in elective courses. The M.B.A. Fast Track option allows students with undergraduate business degrees to earn the degree with as few as 36 credits. Loyola’s Executive M.B.A., one of the nation’s first Executive M.B.A. programs, is designed for higher-level executives with eight to ten years of management experience and allows students to earn the degree in twenty-one months of one-day-a-week classes on alternating Fridays and Saturdays, with no summer classes. The M.B.A. Fellows Program is a popular executive degree option offered on Saturdays only. Fellows meet for a half day on Saturdays for 2½ years, with summers off.

The Master of Business Administration (M.B.A.) provides students with the tools they need to advance in today’s complex business environment. The program educates students not only in all aspects of the business world, but in decision making, leadership, ethical commitment, and other practical skills. Two innovations in the M.B.A. program are its individually tailored concentrations and developmental workshops. The concentrations let students customize their electives to match their career goals and personal interests. Not only does the concentration personalize the curriculum, but also it allows students to explore one area of study in even greater depth. The developmental workshops are offered at the beginning and end of the program by the faculty. The workshops focus on personal skill enhancement and the development of the whole person. These workshops give students and faculty members the opportunity to interact more closely and to delve more deeply into particular topics.

The case study method is used throughout the M.B.A. program, because it challenges students to apply theories and techniques to actual problems confronted by real businesses and organizations. Student teams analyze each case and present solutions for discussion and further analysis. This approach not only makes the theoretical practical, but also it hones analytical and presentation skills and fosters peer learning and collaboration. By the end of the program, some student teams have the opportunity to work as consultants to actual companies or organizations seeking marketing or business plans, merger or acquisition recommendations, or solutions to a particular problem. The teams meet with senior managers, research the situation, and prepare and present their findings to the company. This is an invaluable exercise that incorporates all of the skills and knowledge students have mastered over the course of the program.

The Master of Science in Finance (M.S.F.) emphasizes applied knowledge through the utilization of modeling and the study of global and regulatory dimensions of the finance profession. Building on a foundation of business acumen and quantitative skills, the degree is ideal for students pursuing careers in finance or professional certification as Chartered Financial Analysts or Certified Financial Planners. Financial expertise, in-depth knowledge, and practical, hands-on training have become crucial for the success of companies and for the career of working professionals. Loyola’s M.S.F. program meets this demand with a ten-course, 30 credit hour, M.S.F. program delivered in a weekday-evening format at graduate campuses in Timonium and Columbia. The program can be completed in as little as twelve to fifteen months of intensive study or in eighteen to thirty months of continuous part-time enrollment.

Research Facilities

Loyola University Maryland has extensive computer facilities networked for voice, data, and video through a comprehensive system that provides accessibility among classrooms, faculty and administrative offices, student residences, the library, and off-campus facilities. General-purpose computer labs are located on the main campus in various academic buildings and residence halls as well as at the Timonium and Columbia Graduate Centers. Labs contain IBM PCs, Macintosh computers, UNIX workstations, and laser printers. Most labs are accessible 24 hours a day via Evergreen card. A high-speed communications link connects the campus network to the Internet. The word processing facility provides additional support to the University. Phone service including voice mail is provided for all students in the residence halls. Long distance service is available by using calling cards. Educational television and instructional television also are provided through Technology Services. Support for these services is provided through the Technology Service Center.

The Loyola Notre Dame Library contains approximately 463,000 book and bound periodical volumes; over 11,000 videos, DVDs, and CDs; and 989 print periodical subscriptions. The library’s Web site serves as a gateway to a variety of Internet resources, including numerous databases such as ERIC, LexisNexis, Maryland Digital Library, Cambridge Scientific, and Business Source Premier, as well as full-text articles from over 23,000 periodicals. The library’s catalog is shared by four other colleges; books from these colleges can be requested online.

Financial Aid

A variety of financial assistance is available to graduate students. Graduate assistants work 10–20 hours per week in faculty and administrative departments in exchange for a stipend and tuition remission. A number of scholarships are available from the University; award amounts, entry requirements, and eligibility criteria vary. Federal Stafford Loans provide up to $8500 per year in subsidized loans or $20,500 in unsubsidized loans. The Federal Graduate PLUS Loan program allows students to borrow up to the full cost of attendance, less other aid received. Other loans may be available from alternative sources. Some students may be eligible for Federal Work-Study.

Cost of Study

For the 2009–10 academic year, tuition is $685 per credit for M.B.A. and M.S.F. students. The all-inclusive cost for the Executive M.B.A. program is $62,500 over two years. M.B.A. Fellows pay $60,500 over a 2½ year period. Other costs include a $10 parking fee and a $25 registration fee per semester.

Living and Housing Costs

The University does not offer on-campus housing for graduate students, except those who work as resident assistants as part of their financial aid package. However, off-campus housing is available. Students can expect to spend $400 to $1000 per month for a one-bedroom apartment and $850 to $1300 for a two-bedroom apartment, depending on size and location.

Student Group

Approximately 1,000 graduate students enroll at the Sellinger School every year; of these, approximately 80 enter the finance program and the rest, one of the M.B.A. programs. Students come from a wide range of academic and professional backgrounds, and many students have significant professional experience prior to entering the program. Most students range in age from mid to late 20s to early 50s, with the mean age generally at 35.

Student Outcomes

Graduates of the Sellinger School are well prepared to begin or advance in careers in business, finance, government, and consulting. Alumni are working at some of the world’s largest corporations representing a wide range of industries.

Location

Baltimore is one of the most visited cities in the nation, with 12 million visitors each year. The city has a variety of museums, art galleries, theaters, and music venues as well as annual festivals. The Inner Harbor, a popular waterfront attraction, is surrounded by historic neighborhoods with unique shops and restaurants for every style and taste.

Loyola University Maryland maintains three campuses in the greater Baltimore metropolitan area. One, a traditional collegiate campus in northern Baltimore City, primarily houses the University's undergraduate programs. The other campuses in Timonium and Columbia focus on graduate programs and boast convenient access for working professionals. All three locations are modern and technologically sophisticated.

The University

Founded by Jesuits in 1852, Loyola University Maryland is a Jesuit Catholic university committed to the educational and spiritual traditions of the Society of Jesus and to the ideals of liberal education and the development of the whole person. Accordingly, the University will inspire students to learn, lead, and serve in a diverse and changing world. Loyola enrolls approximately 3,700 undergraduate students and 2,400 graduate students in a broad spectrum of programs that are practitioner-oriented and designed for professionals seeking a greater level of expertise and satisfaction in their careers.

At the start of the fall 2009 academic semester, the institution adopted the name Loyola University Maryland. The specific name “Loyola University Maryland” was chosen to reaffirm the university’s enduring connection to its home state, as well as to underscore the distinctions between this university and the other Loyola Universities in Louisiana, Illinois, and California. The decision, which was unanimously endorsed by the Maryland Higher Education Commission (MHEC), follows an endorsement of the request by MHEC’s Education Policy Subcommittee.

Applying

To be considered for admission, prospective students must submit a completed application form, official transcripts from all colleges attended, a current resume, official GMAT scores, an essay describing the applicant’s professional background and reasons for attending the program, and a nonrefundable $50 application fee. Letters of recommendation are required, and the Executive programs expect three from each applicant. The deadline to apply is August 1 for fall admission, December 1 for spring admission, and May 1 for summer admission.

The Faculty and Their Research

• Gerard A. Athaide, Associate Professor of Marketing; Ph.D., Syracuse.
• William E. Blouch, Professor of Accounting; D.B.A., Kent State.
• John D. Burger, Associate Professor of Economics; Ph.D., North Carolina.
• Ernest F. Cooke, Professor of Marketing; Ph.D., Case Western Reserve.
• John S. Cotner, Professor of Finance; Ph.D., St. Louis
• Georgiana Cracuin, Assistant Professor of Marketing; Ph.D., South Carolina.
• Jeffrey Cummings, Assistant Professor of Management; Ph.D., George Washington.
• Frederick W. Derrick, Professor of Economics; Ph.D., North Carolina State.
• Harsha B. Desai, Professor of Management; Ph.D., Penn State.
• Christy L. DeVader, Associate Professor of Management; Ph.D., Akron.
• Marcelin W. Diagne, Affiliate Assistant Professor of Economics; Ph.D., Fordham.
• G. Edward Dickey, Affiliate Assistant Professor of Economics; Ph.D., Northwestern.
• Thomas J. DiLorenzo, Professor of Economics; Ph.D., Virginia Tech.
• Nan S. Ellis, Professor of Law; J.D., Ohio State.
• John T. Everett, Affiliate Assistant Professor of Management and International Business; M.B.A., Loyola Maryland.
• Lisa M. Fairchild, Professor and Department Chair of Finance; Ph.D., South Carolina.
• James R. Farnum Jr., Affiliate Assistant Professor of Finance; M.B.A., Loyola Maryland.
• Susan M. V. Flaherty, Assistant Professor of Finance; Ph.D., Florida State.
• Harold D. Fletcher, Professor of Finance; Ph.D., Illinois.
• Richard H. Franke, Professor of Management and International Business; Ph.D., Rochester.
• Frederick Fusting, Affiliate Assistant Professor of Marketing; M.B.A., Loyola Maryland.
• Andrea Giampetro-Meyer, Professor of Law; J.D., William and Mary.
• John A. Gray, Professor of Law; J.D., Baltimore.
• Joseph Gribbon, Affiliate Assistant Professor of Economics; Ph.D., Catholic University.
• Francis G. Hilton, S.J., Associate Professor and Department Chair of Economics; Ph.D., Wisconsin–Madison.
• Ellen D. Hoadley, Associate Professor of Management Information Systems; Ph.D., Indiana.
• Charles C. Hogg III, Affiliate Assistant Professor of Finance; M.B.A., Harvard.
• Octavian G. Ionici, Visiting Assistant Professor of Finance; Ph.D., Academy of Economic Studies (Romania).
• Brian K. Israel, Affiliate Assistant Professor of Finance; M.B.A., Loyola Maryland.
• Raymond M. Jones, Professor of Management and International Business; Ph.D., Maryland, College Park.
• Janna Karp, Affiliate Assistant Professor of Management; M.B.A., Loyola Maryland.
• Roger J. Kashlak, Professor and Department Chair of Management and International Business; Ph.D., Temple.
• Kermit O. Keeling, Associate Professor of Accounting; L.L.M., J.D., Houston.
• Richard Klink, Associate Professor and Department Chair of Marketing; Ph.D., Pittsburgh.
• Steven B. Kramer, Assistant Professor of Operations Management; Ph.D., Maryland, College Park.
• Joseph M. Langmead, Executive in Residence, Accounting/Finance; M.B.A., Loyola Maryland.
• Michael Liebman, Affiliate Assistant Professor of Management; M.S., Johns Hopkins.
• Peter Lorenzi, Professor of Management; Ph.D., Penn State.
• James M. Mauser, Affiliate Assistant Professor of Finance; M.B.A., Baltimore.
• John C. McFadden, Affiliate Assistant Professor of Management Information Systems; M.S.A., George Washington.
• Patrick J. Meaney, Affiliate Assistant Professor of Finance; M.S.F., Loyola Maryland.
• Anthony J. Mento, Professor of Management; Ph.D., Maryland.
• Alfred R. Michenzi, Associate Professor and Chair of Accounting; Ph.D., Case Western Reserve.
• Gloria Phillips-Wren, Assistant Professor of Management Information Systems; Ph.D., Maryland.
• Walter J. Reinhart, Professor and Academic Program Director, Finance; Ph.D., North Carolina at Chapel Hill.
• Daniel Rice, Assistant Professor of Management Information Systems; Ph.D., Connecticut.
• Lance A. Roth, Affiliate Assistant Professor of Finance; M.S.F., Loyola Maryland.
• Charles E. Scott, Professor of Economics; Ph.D., Vanderbilt.
• Ali M. Sedaghat, Associate Professor of Accounting; D.B.A., George Washington.
• Norman H. Sedgley, Assistant Professor of Economics; Ph.D., New Hampshire.
• Phoebe C. Sharkey, Professor of Information Systems and Operations Management; Ph.D., Johns Hopkins.
• A. Kimbrough Sherman, Associate Professor and Department Chair of Operations Management; Ph.D., Maryland.
• Dongwoo Shjin, Assistant Professor of Marketing; Ph.D., Texas A&M.
• Kenneth W. Small, Assistant Professor of Finance; Ph.D., Tennessee.
• Jalal Soroosh, Professor of Accounting; Ph.D., Mississippi.
• Roger P. Staiger III, Affiliate Assistant Professor of Finance; M.B.A., M.S.F., George Washington.
• Suresh Sundaram, Assistant Professor of Marketing; Ph.D., Houston.
• Thomas A. Ulrich, Professor of Finance; Ph.D., Michigan State.
• Michael L. Unger, Executive in Residence, Management and International Business; Ph.D., Penn State.
• Stephen J. K. Walters, Professor of Economics; Ph.D., UCLA.
• Marianne Ward, Assistant Professor of Economics; Ph.D., Miami.
• Nancy A. Williams, Associate Professor of Economics; Ph.D., Berkeley.
• George M. Wright, Associate Professor of Management Information Systems; D.B.A., George Washington.
• Jason Zhang, Assistant Professor of Marketing; Ph.D., Georgia.
• Hong Zhu, Assistant Professor of Accounting; Ph.D., Missouri–Columbia.

Correspondence and Information

Loyola University Maryland
Timonium Graduate Center
Office of Graduate Admission
2034 Greenspring Drive
Timonium, Maryland 21093
Telephone: 410-617-5020
800-221-9107 Ext. 5020 (toll-free)
Email: graduate@loyola.edu