October 1, 2008
Krannert's Executive MBA captures top 25 spot in WSJ rankingsWEST LAFAYETTE, Ind. - The Executive MBA program at Purdue University's Krannert School of Management is among the top 25 in the world in new rankings released by the Wall Street Journal on Tuesday (Sept. 30).
Krannert's program ranked No. 22 overall and was No. 8 among U.S. public institutions. Purdue was the only Indiana college included in the top 25.
Richard A. Cosier, Krannert School dean and Leeds Professor of Management, said the rankings showcase Purdue's reputation within the corporate community.
"We're very pleased to be recognized among the top 25 Executive MBA programs in the world in the inaugural Wall Street Journal ranking," Cosier said. "We are especially pleased about the high marks we received from our corporate partners. It's clear that companies place a high value on the ability of the Krannert School to help develop the next generation of corporate leaders."
Krannert's Executive MBA was ranked No. 16 overall by corporations and No. 24 by students. The program also scored in the top one-third of all schools in the categories of classmate quality and immediately applicable coursework.
Jerry Lynch, professor of economics and academic director of full-time and executive education master's programs, said the high category rankings indicate that students are happy with the value of their degrees.
"We are pleased with this ranking and believe it reflects the benefits of the program for our students and their employers," Lynch said. "The format combines distance learning with intensive classroom experience and is both user and company friendly. In particular, the high marks that participants give for the quality of their classmates and to the ability to immediately apply their learning indicate that our students add value and bring new perspectives to their organizations."
More than 4,000 students and recent graduates from 72 executive MBA programs at 53 business schools in nine countries were surveyed on how well their program enhanced leadership and management skills. The response rate was 62 percent. The Journal also surveyed 455 human-resources and executive-development managers at companies across 23 industries on the value of the education provided by executive MBA programs. The response rate was 44 percent.
The surveys also measured skills employers indicated as assets, such as the ability to manage change and strategic thinking. Students were asked to rate how well programs developed those skills.
Survey questions were developed and results analyzed in collaboration with Management Research Group of Portland, Maine. Final rankings were calculated by weighting corporate and student ratings at 40 percent each and skills rankings at 20 percent of the total.
The top five schools in the rankings included Northwestern University's Kellogg School of Management, the University of Pennsylvania's Wharton School, the Thunderbird School of Global Management, the University of Southern California's Marshall School of Business and the University of North Carolina's Kenan-Flagler Business School.
The Executive MBA program at Purdue is a two-year degree tailored for mid-career managers who aspire to reach senior executive positions. The format is designed to allow professionals to pursue their degree while maintaining current job responsibilities anywhere in the world. The program includes six concentrated two-week residential sessions over a 22-month period.
In addition to the Executive MBA program, the Krannert School offers the International Master's in Management and the Weekend MBA to working professionals who want to balance the pursuit of their MBA with career and family responsibilities.
The program was ranked No. 20 among U.S. schools by U.S.News and World Report in rankings released in spring 2008.
Writer: Tanya Brown, (765) 494-2079, email@example.com
Sources: Richard Cosier, (765) 494-4366, firstname.lastname@example.org
Jerry Lynch, (765) 494-4388, email@example.com
Purdue News Service: (765) 494-2096; firstname.lastname@example.org
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