Loyola University Chicago

Baumhart Center

Housed in the Loyola Business Leadership Hub

Curriculum

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Baumhart Scholars gain both business fundamentals and the specialized skills they need for a purpose-driven career.

Baumhart Scholars go through Loyola’s top-notch MBA experience, while enjoying specialized leadership opportunities to drive their careers and their impact forward.

Business Strategy + Social Purpose

Baumhart Scholars are enrolled in the Quinlan MBA, which is nationally recognized for preparing values-based leaders for success in the global economy. Our cohort-based approach to the MBA curriculum is designed to provide a solid foundation in all business disciplines, develop leadership skills, and deeply explore social purpose in business.

Baumhart Scholars take a total of eighteen courses with faculty who are committed to integrating environmental, social, and governance (ESG) issues into their learning objectives.

  • Nine foundational courses exploring business fundamentals.
  • Four specialty courses covering how to marry profit and purpose in business.
  • Five advanced courses enabling Scholars to dig deeper in areas that meet their individual learning goals.

Foundational Courses

Scholars go through Quinlan’s core MBA experience as a cohort, taking nine courses aimed at developing foundational business knowledge, skills, and values.

The MBA Capstone explores the manner in which companies develop and implement a strategic plan and examines characteristics of effective general managers and leaders. This course is restricted to students in the MBA program and should be taken during the student's final quarter.

Outcomes
Students will develop an explicit personal way of thinking about the business enterprise as a total system and the manner in which it can gain a sustainable competitive advantage by drafting a complete business plan for a start-up entity.  Students will also sharpen their team, analytical, writing, and presentation skills and begin to evaluate the type of leadership skills they will need to move into increasingly more responsible positions inside organizations.

The course primarily explores the structure and function of human behavior in organizations. Students will be introduced to the principles of theory of perception, motivation, decision-making, job and organizational design as they relate to organizational realities such as power, politics and change.

Learning Outcomes
Students will gain a better understanding of both individual and group behavior in organizational settings and will be able to view organizational change through globalization, diversity, technology and ethics.

The goal of this course is to provide students with an understanding of managerial finance: valuation, capital investment, financing, capital structure, and business ethics as they relate to finance.

Outcome
Students will demonstrate knowledge of financial analysis, time value of money, risk-reward, asset valuation, capital budgeting, capital structure, and working capital management.

This course examines the ethical aspects of individual and corporate decision making in business and provides resources for making ethical decisions within the context of managerial practice.

Outcome
Students will be acquainted with the concepts and principles of ethical reasoning that have been developed in ethical theory; be aware of the specific ethical issues that arise in management and of the ways in which these issues are commonly analyzed; and be able to make sound ethical and managerial decisions and to implement those decisions within the context of an organization in a competitive marketplace.

The fundamentals of managerial statistics are presented. Topics may include descriptive statistics, random variables, probability distributions, estimation, hypothesis testing, regression, and correlation analysis. Statistical software is used to assist in the analysis of these problems.

Outcome
Students will be able to demonstrate understanding of statistical thinking and data analysis technique for decision-making purposes.

This course develops a broad understanding of the marketing principles that undergird successful marketing strategies and marketing plans with special attention given to international and ethical considerations.

Outcome
Students use and apply marketing principles, strategic research, consumer analysis and target marketing to either a project or to case studies.

Introduction to concepts and methods for managing operations in manufacturing and service organizations. Topics typically include forecasting, capacity and aggregate planning, material requirements planning, scheduling, facility layout and location, inventory management, just-in-time, total quality management, project planning, and logistics.

Outcome
Students will understand the basic issues and role of operations management in organizations and learn tools for problem-solving in operations management.

This course is an introduction to the accounting function that is used to measure and communicate business transactions. The focus is on understanding financial information to facilitate better decisions.

Outcome
Students will be able to identify the impact of business transactions on the basic financial statements: the income statement, the statement of financial position, the cash flow statement, and the statement of changes in owners' equity. Students will also be able to demonstrate an understanding of the financial statements and their implications on various business decisions.

Prerequisite:  ISSCM 400

This course uses tools of economic analysis to understand demand, supply, profits, production, competition, pricing policies, business criteria for investment, output, and marketing decisions.

Outcome
Students are able to make critical managerial decisions with respect to output and pricing policies in different business and industrial environments.

Specialty Courses

Scholars participate in an opening immersion weekend and a monthly Saturday leadership and education program designed exclusively for Baumhart Scholars. The program includes the specialty courses described below exploring values-based leadership, corporate social responsibility, sustainable business management, social entrepreneurship, influencing skills, ethical workplaces, ESG, and impact investing.

This course will equip students with the tools to be influential leaders by better understanding their own leadership styles, further developing their emotional intelligence, and learning how to best apply their styles effectively in the workplace.

Outcomes

Students will be able to: 1) identify their personal leadership styles; 2) know how to apply their leadership most effectively in different organizational contexts with an emphasis on emotional intelligence; and 3) demonstrate familiarity with coaching techniques to improve personal and team performance.

This course will explore how companies create and sustain ethical work environments and challenge students to systematically think about ethical dilemmas in human resources. The course will explore ethical practice across four areas of human resources: 1) acquiring employees (employment planning, recruitment, and selection); 2) developing employees (training, mentoring, performance feedback); 3) rewarding employees (salary, incentives, benefits); and 4) managing employment relations (unions, safety). The course will include an emphasis across these areas on diversity, inclusion, and social responsibility.

Outcomes

Students will: 1) have familiarity with major ethical issues in human resources; 2) understand how companies make ethical human resources decisions aligned with their values; and 3) demonstrate knowledge of current human resource approaches to diversity, inclusion, and social responsibility.

This course will analyze why and how global businesses are innovating to address corporate responsibility expectations. The course will focus on companies that are co-creating value and will examine impacts from businesses, civil society and public policy that enhance (or detract from) competitiveness.

Outcomes

Students will be able to: 1) examine the interaction between market and civil society institutions in the development of corporate responsibility initiatives; 2) demonstrate understanding of changing legal, social, and political environments as they affect organizations; and 3) analyze organizational situations, identify key issues, and formulate arguments and appropriate ways to innovatively implement changes.

This course will provide the foundational knowledge for how to apply sustainability principles to business management.

Outcomes

Students will be able to: 1) understand the environmental and social impacts of current business systems and consumer society; 2) identify alternatives to the current system; 3) demonstrate high-level familiarity with standards and metrics for gauging sustainability; and 4) understand the role of design and change management in sustainability transitions.

This course will explore the growing integration of environmental, social and governance (ESG) factors into global investment decision-making. Students will learn about: 1) the history and growth of ESG in investing; 2) how to assess a company’s climate impact, water management, health and safety policies, supply chain integrity and other ESG factors in the context of financial risk and performance analysis; and 3) how companies can improve their ESG performance.

Outcomes

Students will: 1) understand why ESG factors influence a company’s financial performance; 2) assess a company’s ESG performance; and 3) develop recommendations for ESG improvement.

Social enterprise seeks to create ventures that provide critical social services in innovative ways using the concepts and methods of business. This course aims to prepare students to engage in social enterprise by focusing on how to create social value by business means; how to start and sustain an entrepreneurial social venture; how to scale social innovation and grow an organization; how to obtain funding and generate earned revenue; how to adopt an appropriate legal governance structure and tax status; and how to measure, document, and communicate social impact.

Outcomes

Students will demonstrate: 1) an understanding of the social enterprise sector, including what distinguishes social entrepreneurship from both traditional social services and traditional entrepreneurship; 2) a strategic understanding of how social enterprises succeed; 3) the ability to use analytical tools to develop and measure the impact of social enterprise models; and 4) the ability to formulate their ideas into a social enterprise model presentation.

This course will explore the rise of investments aimed simultaneously at social, environmental, and financial returns.

Outcomes

Students will: 1) understand how impact investing works and the growing spectrum of investment firms with impact investing strategies; and 2) be able to evaluate an investment with an SROI (social return on investment) framework.

This course will explore major approaches to leadership that are based on personal and organizational values. Students will have an opportunity to explore their own values and approach to leadership and be challenged to identify opportunities for improvement.

Outcomes
Students will: 1) learn and understand fundamental and diverse principles and theories of leadership and management; 2) develop a clearer understanding of and commitment to personal values as a way of developing a sound basis for making personal and professional decisions; 3) apply what they learn in this course to clarify thinking on leadership and to solve problems in the future; 4) learn to analyze and critically evaluate different ideas, concepts and points of view on the concepts of leadership and management; 5) develop a personal style that will begin to answer the question “What kind of leader do I want to be?”; 6) Understand the meaning of “vocation” and how it applies to each student’s life.

Advanced Courses

Scholars choose five advanced courses based on their career goals and individual learning objectives. Scholars can select courses across a broad array of disciplines, including:

(Note: Scholars must choose courses across four disciplines, including a business analytics and global perspective course.)


"Loyola’s courses all share a common goal: to create leaders that are setting the bar for the future of business by preparing students to both do well and do good."

Lavina Phulwani
MBA ’18, and Client Consultant at Euromonitor International