Purdue News

March 31, 2006

U.S. News ranks Krannert's MBA among nation's best

Richard Cosier
WEST LAFAYETTE, Ind. — U.S. News and World Report has ranked Purdue University's Krannert School of Management's MBA program No. 21 nationally, up two spots from last year, and two specialty areas also ranked among the top 10.

The rankings, which included the accredited MBA programs in business and management that responded to the survey, will be published in the magazine's "America's Best Graduate Schools," and were released today (Friday, March 31).

In specialty rankings, based upon nominations by business school deans and heads of MBA programs, the Krannert School ranked No. 2 in production/operations management, up one spot from last year and No. 7 in supply chain/logistics, up two spots. Overall, Krannert placed No. 7 among public business schools.

"I am very pleased with our continued rise in the rankings," said Richard A. Cosier, Krannert School dean and Leeds Professor of Management. "Together with our second straight No. 1 "Wall Street Journal" regional ranking from recruiters and our Most Improved MBA Program citation in the latest BusinessWeek survey, this top 25 standing in U.S. News is another national validation of the Krannert School’s strength. Our No. 2 ranking in production/operations management, behind only MIT, further illustrates our preeminence in an important strategic area for our school."

Among the criteria U.S. News uses to make its overall business school rankings are graduates' starting salaries. The survey reported the average starting salary and bonus of Krannert MBAs graduating in 2005 was $91,705.

"Krannert graduates are known for their work ethic, teamwork and analytical abilities," said Chuck Johnson, director of Krannert's professional master's and executive degree programs. "Those qualities match up well with what recruiters are seeking today and have led to great success for many Krannert alumni."

Harvard received the No. 1 ranking among the nation's graduate business schools. Indiana University's Kelley School of Business tied for No. 23 overall; Notre Dame's Mendoza College of Business tied for No. 31.

Diane Denis, associate dean for programs and student services, said she was pleased with the U.S. News ranking.

"The Krannert School faculty has an excellent research record, and professors take great pride in their teaching," she said. "This translates into an exceptional graduate school experience and excellent employment placements for our MBA graduates."

The Krannert School offers master's degrees in management and human resource management; four executive MBAs through a combination of distance-learning and part-time residence on campus; bachelor's degrees in accounting, economics, management and industrial management; and the doctorate.

The Krannert School has 315 master's students and 98 doctoral students.

U.S. News and World Report's complete rankings in "America's Best Graduate Schools" will be available on newsstands Monday (April 3). The graduate school rankings have been published annually since 1987.

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

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

Chuck Johnson, (765) 543-9249, cjohnson@purdue.edu

Diane Denis, (765) 494-8265, diane@purdue.edu

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


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