Masters
Part-Time or Full-Time
Fall, Spring
On-Campus
Masters
Part-Time or Full-Time
Fall, Spring
On-Campus
About the Next Generation MBA at Loyola
Meet the future of MBA programs.
The Next Generation MBA prepares you to be a data- and insights-driven business leader with the ability to think critically and communicate effectively, supported by a strong set of values to drive your business decisions and career.
Designed for early-career professionals looking to advance in their careers, the Next Generation MBA builds on the academic rigor Quinlan is known for. Our part-time MBA is among the top 3 programs in Chicago and No. 43 in the nation, according to U.S. News & World Report, 2024.
What you'll learn prepares you not only for your next promotion, but for a lifetime of career success.
Program Structure
Two program tracks are offered:
- Students with a bachelor's degree in business or meeting program prerequisites can complete the Next Generation MBA program in one year of full-time study.
- Students with an undergraduate degree in any field or students who opt for a flexible pace can complete the MBA program in two years of part-time study.
Classes are held weekday evenings and on Saturdays both in-person and online to fit into your busy schedule.
On-campus classes are held on Loyola's Water Tower Campus, which is conveniently located off the Red Line in the heart of Chicago. The program is on a 10-week quarter system. Students on the one-year track can begin the program in the Spring or Fall Quarter; students choosing the two-year track can begin any quarter.
Are you a current Loyola undergrad?
This program is eligible for an Accelerated Bachelor's to Master's degree. Earn a Master’s with only one extra year of study following the completion of your eligible undergraduate degree.
LEARN MOREWhy Choose Loyola for Your MBA?
The Quinlan School of Business is among the 5% of business schools that meet the rigorous standards of AACSB international accreditation. That's just one of many reasons to choose Loyola for your MBA education.
- Nationally ranked
- Flexible options
- Unique curriculum
- Experiential learning
- Top faculty
- Values-based, global focus
- Jesuit MBA Network
Earning your MBA from a nationally ranked business school with a tradition of academic excellence delivers an outstanding return on career investment. You'll earn a degree — and gain experience — that will transform your career.
Options for full-time or part-time study allow you to set a pace that fits best with your work and personal commitments.
Our unique core classes help develop key skills that employers demand and combine with tailored electives to build your MBA focus.
Go beyond theory: Our MBA program focuses on hands-on learning, including a required Business Consulting course with a real-world client.
Our experienced, nationally recognized faculty is dedicated to teaching and research.
Developing a global perspective has never been more important: The Next Generation MBA prepares you to succeed in the business arena while maintaining sensitivity to the ethical, socially responsible, and sustainable aspects of business in a global society.
Through the Jesuit MBA Network, you can easily transfer your credits to other Jesuit business schools if your career or life takes you outside of Chicago during your MBA program.
Meet the Faculty
Loyola is proud to have talented and nationally-recognized scholar-teachers as part of our diverse community of exceptional faculty, students and staff. Loyola faculty are known for their commitment to teaching, the dissemination of knowledge through innovative and interdisciplinary scholarly research, and a commitment to social justice and cura personalis, or care for the whole person. Visit the Quinlan School of Business faculty and staff directory to learn more about the teachers and mentors involved with the MBA: Next Generation program.
Faculty and StaffMBA: Career Connections
Quinlan MBA graduates use their degrees to advance in their careers, moving into management and senior leadership positions in every sector and industry.
Specific job options include:
- Marketing manager
- Business operations manager
- Health services manager
- Financial manager
- Computer and information systems manager
- Investment fund manager
- Chief technology officer (CTO)
- Information technology director
Because Loyola is a member of the Jesuit network of 27 colleges and universities nationwide, our graduates can receive career services at Quinlan's Business Career Services, as well as at career centers at U.S. Jesuit colleges and universities.
Job Outlook
The Bureau of Labor Statistics (BLS) Occupational Outlook Handbook is a good place to start exploring the job outlook and pay potential for specific fields that interest you.
Loyola Stories
Curriculum and Program Outcomes
While courses for the MBA: Next Generation program may vary from quarter to quarter, Loyola’s extensive Academic Catalog will always house the official listing of courses, programs of study, academic policies, degree requirements, and specialization or concentration options.
Additionally, this resource will provide MBA: Next Generation learning outcomes, showcasing the commitment to specific skills and growth graduates can expect to achieve following completion of the program.
2023-2024 Catalog
Browse Academic CatalogNext Generation MBA Results and Skills
- Data-driven decision-making: The program will prepare you to gather, analyze, and use data to make business decisions
- Insights and actionable outcomes: Students will learn to glean and translate insights into actionable strategies through storytelling
- Skills critical to your success: Leadership, communication, teamwork, and ethics are integral parts of our experiential learning program
Costs, Scholarships, and Aid
Loyola University Chicago is committed to making your graduate and professional studies a reality. Our Cost & Financial Aid page can help better inform you about the costs and potential funding opportunities through scholarships, loans, and aid for graduate and professional education.
If you are a current Loyola undergraduate or recent alum, you may be eligible for a Returning Rambler discount. Learn more and see if you qualify on our Returning Rambler Scholarship page.
Tuition and Costs
| Program | Credit Hours | Cost Per Credit Hour | Estimated Tuition and Fees |
|---|---|---|---|
| MBA: Flexible | 48 | $1,630.00 | $78240.00 |
| MBA: One Year | 36 | $1,630.00 | $58680.00 |
For more detailed information about tuition and fees, and a breakdown of how these costs are calculated on a yearly basis, please visit Tuition and Fees from the Office of the Bursar.
Quinlan School of Business Scholarships
Dean’s Merit Scholarship
The Quinlan School of Business automatically considers each student admitted into Quinlan’s Next Generation MBA and MS programs for a Dean's Merit Scholarship. Eligibility is determined through a holistic review at the time of admission.
Graduate Business Student Scholarship
The Graduate Programs Office at Loyola University Chicago awards scholarships to Quinlan graduate students who demonstrate proven academic success and financial need as determined by the Free Application for Federal Student Aid (FAFSA).
Please visit the Scholarships page on the Quinlan School of Business website for more detailed information about scholarships.
Visit and Connect With Us
Take advantage of a variety of different visit opportunities to find your place in our Loyola community. Loyola offers graduate open houses, information sessions, individual appointments, open Zoom and text sessions, and a multitude of other ways to get to know us better.
Schedule an Appointment
Early in your search?
Connect with an Enrollment Advisor to help find your fit.
Already submitted an application?
Connect with an admissions team member to help you through the process.
Application Process
This program has multiple versions you can apply to. Find specific information about the application process for each program below.
Application Deadlines
The available start terms and corresponding application deadlines for the MBA: Flexible are listed below. We encourage you to apply early for priority review. Please note that decisions may take longer during busy periods.
Fall: July 15
Spring: January 15
Application Requirements
Application requirements for the MBA: Flexible include:
Transcripts
Resume/CV
Prerequisite Course Requirements
Admission to the MBA: Flexible program requires successful completion of the following courses (please note they may be waived):
MBA Prerequisites (may be waived)
Quantitative Methods I (ISSCM 400N)
Quantitative Methods II - Statistics Primer (ISSCM 402N)
MBA Introductory Courses (may be waived)
Financial Acct for Bus Decisions (ACCT 400)
Financial Management (FINC 450)*
Marketing Management (MARK 460)
Managerial Economics (ECON 420)**
Intro to Operations Management (SCMG 480)
*Prerequisite or Co-requisite: Financial Acct for Bus Decisions (ACCT 400)
**Prerequisite: Quantitative Methods I (ISSCM 400N)
Statement of Purpose Details
Recommended for applicants with a cumulative GPA under 3.0 and for applicants who may feel that one or more parts of their application is weak, the personal statement provides the admission committee with more insight on your candidacy.
Please discuss how Loyola’s Quinlan School of Business degree program and our focus on responsible leadership will prepare you to achieve your career goals. Your statement should be 2-3 pages in length, double-spaced.
Application Deadlines
The available start terms and corresponding application deadlines for the MBA: One Year are listed below. We encourage you to apply early for priority review. Please note that decisions may take longer during busy periods.
Fall: July 15
Spring: January 15
Application Requirements
Application requirements for the MBA: One Year include:
Transcripts
Resume/CV
Prerequisite Course Requirements
Students with a bachelor's degree in business or who meet program prerequisites may apply for the MBA: One Year componenet of the MBA: Next Generation degree. Learn more about the MBA: Next Generation curriculum and prerequisite courses on the MBA: Next Generation Academic Catalog page.
Statement of Purpose Details
Recommended for applicants with a cumulative GPA under 3.0 and for applicants who may feel that one or more parts of their application is weak, the personal statement provides the admission committee with more insight on your candidacy.
Please discuss how Loyola’s Quinlan School of Business degree program and our focus on responsible leadership will prepare you to achieve your career goals. Your statement should be 2-3 pages in length, double-spaced.
International Student Requirements
Additional information regarding the application process for international students can be found on the International Student Requirements page.
Additional Details
For general information and a step-by-step guide to applying for graduate and professional study, please visit our Admission Process page. There is no fee to apply to graduate programs at Loyola.
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