| Krannert School of Management | |
|---|---|
| Motto | "Work hard, work right" |
| Established | 1962 |
| Dean | Chris Earley |
| Students | 2,800 |
| Undergraduates | 2,400 |
| Postgraduates | 400 |
| Location | West Lafayette, Indiana, USA |
| Affiliations | Purdue University System |
| Website | krannert.purdue.edu |
The Krannert School of Management (or simply Krannert) is Purdue University's school of management. The school was established in 1962 as the Krannert School of Industrial Administration with a $2.7 million endowment from Herman & Ellnora Krannert.
The business school offers instruction at the undergraduate, master's, and doctoral levels. The majority of undergraduate classes are conducted in the Krannert Building, which opened in 1964. Rawls Hall is the home of all the classes in the Masters program. Rawls Hall houses 13 electronically equipped classrooms, a professional career center, a multimedia-based auditorium, 25 breakout rooms, distance learning facilities, and sophisticated computer labs. The building is named for Krannert master's alum, Jerry S. Rawls. Rawls, the president and chief executive officer of Finisar Corp., donated $10 million to the Krannert at the Frontier Campaign. The gift is the largest in Krannert history and one of the largest at Purdue. In recognition of his generosity, the Purdue Board of Trustees voted in 2000 to name the new Krannert facility Jerry S. Rawls Hall. The Jerry Rawls Hall was dedicated on October 2, 2003.
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The School of Industrial Management at Purdue University was created in 1958 from the merger of the Department of Economics (established in the School of Science, Education, and Humanities in 1953) and the Department of Industrial Management and Transportation (part of the Schools of Engineering since 1956). The Krannert Graduate School of Industrial Administration was founded in 1962 through a gift from Indianapolis industrialist Herman C. Krannert. The AACSB accredited the new school in 1967.[1] In the early years, students were required to pursue a second major, in a technical subject, in addition to their coursework in business and management.[2] The curriculum expanded over the following decade and the word "Industrial" was dropped from the schools' names in the mid 1970s.[1] Today, the Krannert name refers to both the undergraduate and post-graduate programs. Krannert was reaccredited by the AACSB in 2008.[3]
| School rankings (overall) | |
|---|---|
| U.S. undergraduate business | |
| Bloomberg BusinessWeek[4] | 58 |
| U.S. MBA | |
| Bloomberg BusinessWeek[5] | 41 |
| Forbes[6] | 45 |
| U.S. News & World Report[7] | 36 |
| Worldwide MBA | |
| Economist[8] | NR |
| Financial Times[9] | 54 |
The School of Management offers four undergraduate degree programs. The first three (accounting, management, and industrial management) are built around a common core of professional management courses, while the fourth (economics) combines a broad education in the humanities with an extensive program in economic theory and policy. In keeping with the worldwide scope of the modern manager, all programs include some instruction in the international aspects of business and economics. The "3+2" program is available to outstanding undergraduates in the School of Management. The program allows students to complete their B.S. and Master of Business Administration (MBA) degrees in a five-year period.[10]
For 2011, US News and World Report ranked Krannert #24 in the nation overall for its undergraduate programs, #4 in quantitative analysis/methods, #8 in supply chain management/logistics and #10 in management information systems.[11]
Krannert awards several master's degrees: MBA, EMBA, International Masters in Management, Master of Science in Human Resource Management, Master of Science in Industrial Administration, Master of Science in Finance, and a Weekend MBA.[12] These programs are housed in Rawls Hall. The school also offers a variety of joint programs with other colleges on campus including the combined Doctor of Pharmacy (PharmD) and Master of Science in Industrial Administration (MSIA), the combined Bachelor of Science in Industrial Engineering (BSIE) and Master of Business Administration (MBA), and the combined Bachelor of Science in Mechanical Engineering (BSME) and Master of Business Administration (MBA)
Krannert also offers 11 month MBA in conjunction with its sister school, the GISMA Business School in Hannover, Germany. The program is internationally accredited by the AACSB and AMBA. It also offers the International Master's of Management (MBA-IMM)in Conjunction with Tiasnimbas and Purdue. IMM is ranked as top executive programs around the world.GISMA also offers various Executive Education programs.
For 2010, national rankings for Krannert's MBA program included #38 by U.S. News & World Report and #45 by Forbes,[7][6]. Financial Times ranked the program #54 worldwide (2009),[9] and The Wall Street Journal ranked the program #12 in a list of U.S. programs of regional influence (2007).[13] In the 2009 QS Global 200 Business Schools Report[14] the school was ranked #27 in North America.
The Krannert Doctoral Programs offer students the opportunity to work closely with first-rate faculty in the areas of Economics, Management (with concentrations in Accounting, Finance, Management Information Systems, Marketing, Operations Management, Quantitative Methods/Management Science, and Strategic Management), and Organizational Behavior & Human Resource Management (OBHR).
Krannert's doctoral programs were ranked #23 in the world for 2009 by Financial Times.