Loyola University Maryland first offered courses in accounting and business administration at the undergraduate level in 1937. The Master of Business Administration was first offered in 1967. Loyola introduced the Executive MBA program in 1973, the first of its kind in the Baltimore-Washington area. In 1984, the business school was formally named the Rev. Joseph A. Sellinger, S.J., School of Business and Management in honor of the late Rev. Joseph A. Sellinger, S.J.
In 1988, Loyola University Maryland earned AACSB-International in both business and accounting—a distinction earned by only 5% of business schools worldwide.