October 11, 2002
Business Week poll: Purdue MBA 26th best nationally
WEST LAFAYETTE, Ind. Purdue University's Krannert School of Management MBA program ranked No. 26 nationally in a Business Week magazine ranking of MBA programs out today (Friday, 10/11).
Two other state schools made the top 30 ranking. Indiana University's Kelley School of Business was 20th, and the University of Notre Dame's Mendoza School of Business ranked No. 29. IU also was 20th two years ago, when the biennial survey last came out. Purdue was No. 25 in the 2000 survey, and Notre Dame was not ranked.
"We were affected by the retrenchment of the technology sector, as several of the other top high-technology MBA programs, including MIT, Carnegie Mellon and Texas, dropped in this year's ranking," said Richard A. Cosier, Krannert School dean and Leeds Professor of Management. "Nevertheless, we are pleased to be considered a Business Week Best B-School.
"With our new Rawls Hall building coming on line next year and the recently announced Burton D. Morgan Center for Entrepreneurship at Discovery Park, the Krannert School has tremendous upside potential that we intend to actualize."
The rankings are based on surveys of students from the Class of 2000 (45 percent) and employment recruiters (45 percent). The remaining 10 percent was based on judgments of schools' intellectual capital, based on publications in academic journals by faculty members.
Chuck Johnson, the Krannert School's director of MBA programs, said: "Of course, we'd like to have moved up in the rankings, but the Business Week rankings did recognize the Krannert School MBA as having an excellent return on investment. We are happy to be in the top 10 in this important category.
"Recruiters still ranked our students high in analytical skills and teamwork, and the magazine noted that our students applauded our efforts to help them land jobs in a tough economic time."
Two Chicago schools topped the rankings. Northwestern University was No. 1, and the University of Chicago was No. 2. Rounding out the top 10 were Harvard (3), Stanford (4), the University of Pennsylvania's Wharton School (5), MIT (6), Columbia (7), Michigan (8), Duke (9) and Dartmouth (10).
Writer: J. Michael Lillich, (765) 494-2077, firstname.lastname@example.org
Sources: Richard A. Cosier, (765) 494-4366, email@example.com
Chuck Johnson, (765) 496-3668, firstname.lastname@example.org
Purdue News Service: (765) 494-2096; email@example.com