July 19, 2005
Purdue's Krannert School ranks high in survey of CEOs
WEST LAFAYETTE, Ind. Purdue University's Krannert School of Management ranked No. 16 among the nation's business schools among CEOs in a recent survey by Chief Executive magazine.
Krannert was the only Indiana business school ranked in the 25-school list. The survey of several hundred CEOs ranked Krannert No. 5 among public universities.
"For business schools, credibility with top corporate management means a great deal," said Richard A. Cosier, Krannert dean and Leeds Professor of Management. "This CEO ranking, together with last fall's Wall Street Journal co-No. 1 ranking by corporate recruiters, is gratifying because they are validation for our school's programs and initiatives by two important constituencies."
The magazine described its survey as an effort to discover how "education, training and America's top business schools fit into the CEO equation."
"Among the reasons [CEOs] cited for their choices were the ability to teach 'hands on,' to manage people creatively and not just solve problems, and to instill an 'entrepreneurial mindset,' not the stereotypical 'Nobel Prizes and published papers' that many schools like to advertise," the magazine wrote.
CEOs, the magazine reported, appreciate the value of the nation's business schools, with 56 percent of the CEOs saying they "actively seek business schools to enhance the skills of the top management of their companies."
Harvard, the University of Pennsylvania's Wharton School and Stanford took the top three places in the survey.
Chief Executive is a controlled-circulation magazine that mails to 42,000 CEOs and their peers.
Writer: Mike Lillich, (765) 494-2077, email@example.com
Source: Richard Cosier, (765) 494-4366, firstname.lastname@example.org
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