November 1, 2004
Financial Times ranks Krannert executive MBA among world's best
WEST LAFAYETTE, Ind. Purdue University's Krannert School of Management's international executive MBA degree program placed 11th worldwide up three places from 2003 in rankings released today (Monday, Nov. 1) by the Financial Times.
The Krannert Executive MBA program retained the British publication's No. 1 in the international course experience category, which the survey describes as "the percentage of classroom teaching hours carried out internationally (outside the country in which the business school is resident)."
Richard A. Cosier, Krannert School dean and Leeds Professor of Management, said, "Business is global today, and to move up among the top 20 international executive MBA programs in the Financial Times is gratifying to all of us here at the Krannert School. This is a recognition of the strategic thinking and hard work of our faculty and staff."
The publication ranked the Krannert Executive MBA program No. 7 in the United States, No. 4 among U.S. schools for the employment experience of its students, No. 5 in increase in salary of graduates over three years, and No. 5 among doctoral programs worldwide.
Wilbur G. "Bill" Lewellen, director of the Krannert School's executive education programs and Herman C. Krannert Distinguished Professor of Management, said, "The Financial Times' ranking is a solid endorsement that our program is world class. Our program has been a model for international executive programs for years."
The 2004 Financial Times rankings included 75 schools. The University of Pennsylvania's Wharton School retained the No. 1 overall ranking, followed by Northwestern University's Kellogg School and the University of Chicago, second and third, respectively. Notre Dame's Mendoza School of Business ranked No. 47. No other Indiana schools were ranked because they do not offer international executive MBA programs.
In determining its rankings, the Financial Times focused on comparing graduates' salaries three years after graduation and the percentage of salary increase of graduates after they received the MBA. Also surveyed were business school faculty members' published academic research.
Students complete executive MBAs using a combination of in-class and online education while continuing their careers. Students in full-time MBA programs generally take a leave of absence from their employers.
The Krannert School maintains a partnership with and offers courses at Tias Business School at Tilburg University in The Netherlands; the Graduate School of Business of Central European University in Budapest, Hungary; and the German International Graduate School of Management and Administration in Hanover, Germany.
In September The Wall Street Journal ranked the Krannert School the No. 1 program in the nation that serves recruiters from a regional base. Business Week in October ranked Krannert's full-time MBA programs No. 21 nationally and the most improved program in the country.
Krannert Executive Education Programs offer three executive MBAs through a combination of distance-learning and part-time residence on campus. The Krannert School began offering executive education in 1983.
Also offered at the Krannert School are specialized non-degree programs in areas such as engineering management, veterinary management and life sciences project management, both at the West Lafayette campus and at corporate training facilities.
The Financial Times is a London-based newspaper with a daily circulation of 460,000. The publication covers international news, business and markets.
For information about the Krannert School's executive MBA degree programs, including the international program, contact Erika Steuterman, director of executive degree programs, (765) 494-7700, firstname.lastname@example.org. For information about non-degree executive programs, contact Mike Sheahan, director of non-degree executive programs, (765) 494-7700, email@example.com.
Sources: Richard A. Cosier, (765) 494-4366, firstname.lastname@example.org
Wilbur G. Lewellen, (765) 494-4493, email@example.com
Purdue News Service: (765) 494-2096; firstname.lastname@example.org
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