MBA: Next Generation

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. Both tracks offer either a Spring or Fall Quarter start.

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.

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Why 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

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 Staff

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 Catalog

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

ProgramCredit HoursCost Per Credit HourEstimated Tuition and Fees
MBA: Flexible48$1,685.00$80880.00
MBA: One Year36$1,685.00$60660.00

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.

Appointments and Events

Whether you’re just beginning your search, in the midst of the application process, or eager to explore our graduate and professional programs, our admissions staff is here to assist you every step of the way.

Schedule an Appointment

The Quinlan School of Business 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.

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Visit and Connect With Us

With our visit opportunities, you can tour our beautiful Chicago campuses and learn more about Loyola's ties to one of the most prestigious cities in the world.

Quinlan School of Business
To explore the Quinlan School of Business digitally, follow us on social or read up on our recent news below.
News and Stories

Application Process

This program has multiple versions you can apply to. Find specific information about the application process for each program below.

MBA: Flexible

Application Deadlines

The available start terms and corresponding application deadlines for the MBA: Flexible are listed below:

Fall: July 15
Spring: January 15

Application Requirements

Application requirements for the MBA: Flexible include:

  • Official Transcripts

  • Resume/CV

Prerequisite Course Requirements

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:

Fall: July 15
Spring: January 15

Application Requirements

Application requirements for the MBA: One Year include:

  • Official 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.

Official Documents

Official transcripts are those that are sent directly by the college/university to Loyola University Chicago. Transcripts sent by the student to Loyola are considered unofficial documents, and while they may be utilized for initial review of your application, official transcripts are still required. Official documents should be sent by the institution to gradapp@luc.edu.

International Applicant Requirements

An official English language proficiency exam is required for international applicants whose native language is not English. If you have non-U.S. educational credentials, you are required to submit an official transcript evaluation. The transcript evaluation cannot be waived.

Please visit our International Applicant Requirements page for specific information regarding the application process for international students.

International Applicant Requirements
Start Your Application

Applying online to the MBA: Next Generation program is a swift, uncomplicated, and cost-free process. After submission, you can proceed to send and upload any additional requirements.

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