Purdue News

October 8, 2004

Business Week names Krannert MBA nation's most improved

WEST LAFAYETTE, Ind. – With a five-spot jump, Purdue University's Krannert School of Management ranked No. 21 nationally and was named the most improved school in Business Week magazine's rankings of MBA programs released Thursday (Oct. 7).

Krannert rose to No. 21 from No. 26 in the 2002 Business Week survey. Krannert ranked eighth among public university MBA programs. The Krannert School was recently ranked by recruiters a No. 1 MBA program among 44 schools with a regional recruiting focus in The Wall Street Journal survey.

"We're gratified to be ranked among the top 25 MBA programs and top 10 among public universities nationally," said Richard A. Cosier, Krannert School dean and Leeds Professor of Management." We are seeing the tangible results of investments in the Krannert School, such as our magnificent Rawls Hall, that have led to a sharp rise in our national reputation. There's a strong feeling of positive momentum at the Krannert School among our students, faculty and staff."

Krannert students surveyed by Business Week lauded the school's high-tech learning environment, and surveyed recruiters had high praise for Krannert MBAs. More than 86 percent of the Class of 2004 had confirmed job offers within three months of graduation. Business Week reported Krannert students had a median compensation package of $101,000.

Chuck Johnson, Krannert's director of professional master's degree programs, said the school's Business Week and Wall Street Journal rankings solidify Krannert's place among top MBA programs.

"We feel this ranking is another recognition of the quality of our programs, professors and graduates," Johnson said. "A sign in Rawls Hall epitomizes the Krannert approach: 'Our coffee is strong. So is our work ethic.'"

Northwestern University's Kellogg School of Management topped this year's Business Week rankings. The University of Chicago Graduate School of Business ranked second. Indiana University's Kelley School ranked No. 18. Notre Dame's Mendoza School ranked No. 24. First among international business schools was Queen's University in Kingston, Ontario, Canada.

The 2004 ranking is Business Week's ninth biennial ranking of MBA programs. This year's survey consisted of 45 questions sent to 18,052 class of 2004 MBA graduates at 94 schools in North America, Europe, Latin America and Asia. Thirty programs were ranked.

"The Best B-Schools" is the cover story of the Oct. 18 issue of Business Week, which is available online and on newsstands Monday (Oct. 11).

Writer: Mike Lillich, (765) 494-2077, mlillich@purduie.edu

Sources: Richard A. Cosier, (765) 494-4366, rcosier@mgmt.purdue.edu

Chuck Johnson, (765) 496-3668, cjohnson@mgmt.purdue.edu

Purdue News Service: (765) 494-2096; purduenews@purdue.edu


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