January 30, 2012
Krannert MBA program improves in Financial Times rankings
WEST LAFAYETTE, Ind. — Purdue University's Krannert School of Management MBA program has been ranked 12th among U.S. public colleges and universities by Financial Times.
The program was ranked 17th among U.S. public schools last year.
In the 2012 Financial Times ranking of full-time MBA programs globally, Krannert was 59th, up from 74th last year. Krannert ranked 29th among all U.S. programs, public and private, up from 39th last year.
"Purdue University's Krannert School is embarking on a new journey to reaffirm its global stature and recognition as a premier program that produces 'Analytical Thinkers, Global Leaders' ", said Dean P. Christopher Earley. "We are gratified that this new momentum is reflected in the FT rankings, and we're very excited to be launching new learning opportunities for the global business educational arena.
Purdue's leadership in engineering, science and technology is an ideal match for Krannert's emphasis on innovation and entrepreneurship linking fundamental scientific discovery to cutting-edge business practices.”
The Financial Times rankings are based on data collected from business schools and their alumni.
Graduates are surveyed three years after completing their degrees to assess the impact of the MBA on their subsequent career progression and salary growth.
The criteria used in the Financial Times rankings are grouped into three main areas: alumni salaries and career development, the diversity and international reach of the business school and its MBA program, and the research capabilities of each school.
The Financial Times data shows that the average student who completes the Krannert MBA sees a 112 percent salary increase compared to compensation before earning their MBA. Three years after graduation, the average Krannert graduate earned $103,304.
Krannert's MBA also ranked 46th for best value for the money, which compares salary to education and time costs in earning the degree.
More information on the Financial Times' rankings can be found at http://www.ft.com/intl/cms/s/2/faacbfd2-4566-11e1-a719-00144feabdc0.html#axzz1kxDxCDCc
Writer: Judith Barra Austin, 765-494-2432, email@example.com
Sources: P. Christopher Earley, 765-494-4366, firstname.lastname@example.org
Tim Newton, Krannert director of external relations and communication, 765-496-7271, email@example.com