Program Information

 

Do you have a full-time and a part-time program?
We have one program, offering classes in the late afternoon and evening.  Full-time and part-time students attend classes together.

How many full-time and part-time students are enrolled?
There are approximately 300 students in the LMU MBA Program; with 70% attending on a part-time basis and 30% attending on a full-time basis.

If I start out as a full-time student, can I switch to part-time enrollment in a later semester?
You determine each semester the number of classes you want to take, between 1 and 4. Because full-time and part-time students are all enrolled in the same program, varying the number of classes you take each semester is not a problem.

How long will it take me to complete the LMU MBA Program?
This depends on the number of core courses you test out of or waive. For students who do not test out or waive any core courses, it take 2 years to complete the program on a full-time basis and 3 years for students going part-time.

How do I waive core classes?
During your first advising appointment, your undergraduate transcript will be evaluated.  Waivers will be determined by accreditation of the institution, time since undergraduate graduation, grade in the course and course content. Challenge exams are available to test out of those core courses not waived. All challenge exams must be taken during the first semester of enrollment. There is a $125 fee per challenge exam.

Is LMU accredited?
The university is accredited by WASC. The College of Business Administration, including the MBA Program, is fully accredited by the AACSB-International, the only recognized accrediting body for business schools.

Is the LMU MBA Program ranked?
The MBA Program is ranked #13 nationally and #5 in the West Region by BusinessWeek in its ranking of part-time MBA programs. In addition, the MBA Program is ranked in the top 50 by U.S. News & World Report's ranking of part-time MBA programs.


Admission Requirements

What do I need prior to applying to the MBA Program?
You need to have a bachelor’s degree from an accredited US institution or the equivalent of a US bachelor’s degree from a foreign institution. You need to take the GMAT and, if you did not graduate from a US high school, you will also need the TOEFL or IELTS or PTEA.

What is included in the application?
A completed application consists of the following submitted online or mailed to directly to Graduate Admissions, Loyola Marymount University, 1 LMU Drive, Suite 1840 Los Angeles, CA 90045:

  • application form (hard copy mailed in or online form)
  • application fee of $50
  • official GMAT score or GRE score 
  • official TOEFL, IELTS or PTEA score (if attended high school outside the US)
  • official transcripts (two copies) from all colleges and universities attended
  • personal statement (should be two pages)
  • two confidential sealed recommendations completed on the forms supplied
  • resume

Are there any prerequisite courses required before applying?
Although you are not required to have taken any business courses prior to applying, you are required to show evidence of college-level math (either business math or intermediate algebra) before you can enroll in quantitative MBA courses.

Is there a minimum GPA required for admission?
No. The average GPA of admitted applicants is 3.32 which is not used as a minimum.

Is work experience required?
2 year of work experience is required, although most applicants have worked for several years. The average work experience of admitted applicants is four years. 

When do you accept applications?
We accept applications for the fall and spring semesters as well as either summer session. Click here to access the academic calendar.

When are the deadlines for enrollment?
Our 2013 enrollment deadlines are: November 30, 2012 (Spring '13), March 30, 2013 (Summer '13), and July 31, 2013 (Fall '13). 

 

Transcripts

May I submit my personal copy of my transcripts?
No. Official sealed transcripts supplied by all schools you attended are required and should be included in your application packet.

If I took classes at a community or junior college do I need to submit those transcripts?
We require official transcripts from all post-secondary schools that you have attended. This includes any coursework done at community colleges, junior colleges, extension programs and other institutions.  

 

GMAT

What is the average GMAT score?
The average GMAT score for students who enrolled last fall was 581, but we accept a broad range, based on other components of the application.

May I waive the GMAT?
No; the GMAT is never waived, for any reason, but you can choose to take the GRE instead. Please note that your GRE score will be converted into a GMAT scoring when evaluating your application.

May I substitute the GRE or the LSAT for the GMAT?
Yes, you may substitute the GRE score, but not the LSAT.

If I take the GMAT more than once, which score do you use?
We use your highest score.

Where should I have my official GMAT scores sent?
You should have ETS send your scores to LMU, Institution Code MSXXN25.

  

Deferments

If I am accepted into the program, may I defer to another semester?
You may defer your acceptance for a maximum of one year. After one year, you must reapply. Admission is not guaranteed at a later time.

 

TOEFL/IELTS/PTEA

Who has to take the TOEFL or IELTS or PTEA?
All applicants who did not attend high school in the US or other English-speaking country.

What is the minimum score requirement?
You must score 100 or above on the Internet TOEFL, or 250 or above on the Computer Adaptive TOEFL, or 600 or above on the standardized paper TOEFL. The minimum IELTS score is 7.5. The minimum PTEA score is 68.

Where should I have my official TOEFL scores sent?
You must request ETS send your scores to LMU, Institution Code 4403.


International Applicants

What are the minimum qualifications for an international applicant?
Applicants must have a US bachelor’s degree or the international equivalent.

What if I am not sure whether my foreign degree is equivalent to a US bachelor's degree?
You must have your transcript evaluated by the International Education Research Foundation (IERF) in order to determine equivalency.

If I need an F-1 visa, what must I do?
Along with your application, you need to complete the Financial Resource Statement and include official documents verifying funds to cover tuition and expenses for the first year of the two-year MBA program. If you are being sponsored by another person, you need to submit a letter from that individual or institution stating that he or she will sponsor you, as well as financial documents in the sponsor's name to show funding for the first year of the program.

 

Financial Information

How long will it take to complete the MBA Program?
It takes between 1 and 3 years, depending on the number of waivers you have and whether you choose to attend as a full-time or part-time student.

How much will it cost to complete the MBA Program?
The MBA Program can be completed with 18 classes.  The cost per class for the 2012-2013 academic year is $1184. Click HERE for detailed information on tuition and fees.

What types of financial aid are available?
Scholarships, Research Assistantships and Graduate Assistantships are available. Our 2013 scholarship deadlines are:  March 30, 2013 (Summer '13), and July 31, 2013 (Fall '13).