Purdue News

October 13, 2006

Business Week ranks Krannert among nation's top 25 MBA programs

WEST LAFAYETTE, Ind. - Purdue University's Krannert School of Management ranked No. 24 nationally and eighth among public universities in Business Week magazine's rankings of full-time MBA programs released Thursday (Oct. 12).

The school also was ranked in the top 20 by recruiters and 17th for faculty intellectual capital.

"We're pleased to again be ranked in the top 10 among business schools at public universities and one of only four Big Ten schools to be among the top 25," said Richard A. Cosier, Krannert dean and Leeds Professor of Management. "We are continuing to attract top management students to our program, and they leave here with an exceptional management education. Recruiters have noticed, and they find our graduates ready to add value to their companies from day one."

Krannert students surveyed by Business Week lauded the school's quality of faculty, small class sizes, career opportunities and educational value for the money. Within three months of graduation, 100 percent of 2006 Krannert MBAs had at least one job offer and 96.5 percent of graduates had accepted a job. The median starting salary for the class of 2006 was $85,000 and the median hiring bonus was $12,000.

Business Week's rankings of the best full-time MBA programs have been issued every two years since 1988. This year's survey consisted of 50 questions sent to more than 16,000 2006 MBA graduates at 100 schools in North America, Europe and Asia. Respondents were asked to rank on a scale of 1-10 a variety of factors, such as teaching quality and the effectiveness of career services, in their respective programs. The magazine also conducted an "intellectual capital rating" based upon faculty members' entries in 20 academic journals. Corporate MBA recruiters from more than 400 companies also were surveyed to rate their top 20 schools based upon the quality of graduates and their company's overall experience with each school.

"Our top 20 ranking by recruiters confirms that we continue to produce graduates who fit the needs of recruiters and are immediately able to contribute to their companies," said Chuck Johnson, director of master's and executive programs. "Our students have both the skills and leadership qualities that are in high demand in today's work force."

Johnson also said that the school's No. 17 ranking in intellectual capital demonstrates the high caliber of Krannert's faculty.

"The intellectual capital ranking reinforces that our students learn not only from great teachers, but also from some of the best and brightest minds found in any business school," he said.

University of Chicago topped this year's Business Week rankings, and the University of Pennsylvania's Wharton School placed second. Indiana University's Kelley School ranked No. 18. Notre Dame's Mendoza School ranked No. 26. First among international business schools was Queen's University in Kingston, Ontario, Canada.

Business Week's MBA program rankings are available online, and the print issue featuring the rankings will be available on newsstands Monday (Oct. 16).

Writer: Brian Zink, (765) 494-2080, bzink@purdue.edu

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

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

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


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