National Business Magazine Recognizes Best Part-Time MBA Programs in Recent Issue
CHICAGO, November 19, 2007 – Loyola University Chicago’s part-time MBA program has been recognized by national business publication, BusinessWeek, in its biennial rankings of the best part-time MBA programs. According to the magazine’s rankings, which appear in the November 12 issue, Loyola’s program is positioned 8th nationally and 2nd in the Midwest, behind only the University of Chicago.
In ranking programs around the country, BusinessWeek asked participating schools to submit data on program costs, GMAT scores, work experience, class size, tenured faculty, and completion rates. The ranking system also took the following measures into account:
- General student satisfaction was measured via a survey sent to 9,274 part-time MBA students at 81 programs.
- An academic quality score consisting of six equally weighted measures: average GMAT score, average work experience, percentage of all teachers in the part-time MBA program who are tenured faculty, average class size in core business classes, the number of business electives available to part-time MBA students, and the program’s completion rate.
- The percentage of survey respondents who say their program was “completely” responsible for the goals they achieved.
“This is obviously a great honor, and an incredible boost to our part-time MBA and dual MBA/Master of Science programs,” said Abol Jalilvand, PhD, dean of Loyola’s School of Business Administration. “This ranking provides further concrete evidence that the reputation of our graduate programs and the faculty are very strong, and equally important, that our alumni are walking away with a positive experience and a sense of personal accomplishment.”
To read more about the rankings, please visit BusinessWeek‘s Web site at http://bwnt.businessweek.com/interactive_reports/bschool_ptmba_2007/.
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.