FOR IMMEDIATE RELEASE
SBA Earns Regional and Global Recognition
CHICAGO, November 6, 2007 – The Mid-Continent East region of the Association to Advance Collegiate Schools of Business International (AACSB) awarded Loyola University Chicago’s School of Business Administration (SBA) first prize in its 2007 Innovation in Business Education Competition. The competition encourages innovation in the pursuit of excellence in business education by recognizing creative, unique programs which advance the quality of education and the management of resources.
Additionally, the Aspen Institute named Loyola’s SBA among the “Global 100” in its Beyond Grey Pinstripes biennial survey and alternative ranking of business schools. The ranking honors the top100 MBA programs globally for their commitment to incorporating social and environmental issues into the training of today’s future business leaders. Loyola’s SBA is ranked 62nd in the organization’s 2007-08 report.
2007 Innovation in Business Education Competition
Loyola’s SBA received first prize for its Microenterprise Consulting course, which allows students to work directly with clients from Chicago’s economically disadvantaged neighborhoods who are unfamiliar with the operation of a business due to a lack of formal education or business training. The students assist these individuals in fulfilling their dream of starting their own business. Working closely together, under the direction of an SBA professor, students provide consulting services that the client would not otherwise be able to afford, but are essential in giving the new business a real chance at success. The final product is a business plan the client can use to obtain financing, and as a roadmap to operating the business.
“This course is directly supportive of both Loyola’s and the SBA’s missions,” says Abol Jalilvand, PhD, dean of Loyola’s SBA. “These students are given the unique opportunity to hone their management skills while making a real contribution to inner-city business development.”
The Microenterprise Consulting course was developed in 1995, and to date, Loyola students have completed more than 85 consulting projects involving a wide variety of manufacturing, Internet, service, and retail businesses.
The AACSB award and a $1,000 prize were presented to Loyola’s SBA at the Mid-Continent East regional conference, held in Chicago from October 7-9, 2007.
Beyond Grey Pinstripes: The Global 100
The Aspen Institute’s Beyond Grey Pinstripes research survey and alternative ranking of business schools spotlights innovative full-time MBA programs leading the way in the integration of social and environmental stewardship into the curriculum.
The ranking is the result of more than 18 months of rigorous research that included designing the survey, outreach to full-time MBA programs around the world, and data collection and analysis. Over 40,000 pages of data were analyzed to come up with the top 100 MBA programs. For more information on the Beyond Grey Pinstripes ranking, visit www.beyondgreypinstripes.org/index.cfm.
About the Loyola University Chicago School of Business Administration
Loyola’s School of Business Administration is an AACSB accredited institution located on the University’s Water Tower Campus in downtown Chicago. With 1,550 students, the school’s premier undergraduate business program offers a superior business curriculum and a well-rounded core of arts and sciences, as well as valuable opportunities for top internships and study-abroad programs. Through the Graduate School of Business, faculty and staff are committed to developing responsible leaders who can preserve and strengthen the U.S. and global system of business and commerce. The graduate school, with 750 students, offers a number of programs, including five specialized Master of Science degrees. The school’s MBA program has also been ranked among the top 20 part-time MBA programs by U.S. News & World Report. The school also has academic and executive programs at Loyola campuses in Italy and China, and affiliate programs in Thailand, Greece, India, and other international locations.
About Loyola University Chicago
Committed to preparing people to lead extraordinary lives, Loyola University Chicago was founded in 1870 and is the nation’s largest Jesuit, Catholic University. Loyola has a total enrollment of more than 15,500 students, which includes nearly 10,000 undergraduates hailing from all 50 states and 82 foreign countries. The University has four campuses: three in the greater Chicago area and one in Rome, Italy. Loyola also serves as the U.S. host university to the Beijing Center for Chinese Studies in Beijing, China. Loyola’s nine schools and colleges include arts and sciences, business administration, education, graduate studies, law, medicine, nursing, continuing and professional studies, and social work. Loyola offers 71 undergraduate majors, 71 undergraduate minors, 85 master’s degrees, and 31 doctoral degrees. Recognizing Loyola’s excellence in education, U.S. News & World Report has ranked Loyola consistently among the “top national universities,” and named the University a “best value” in its 2008 rankings. For more information, please visit our Web site at LUC.edu.