Daniels School of Business

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This article is about Krannert School of Management at Purdue University. For the school in Urbana, Illinois, see Krannert Center for the Performing Arts.

40°25′25″N 86°54′40″W / 40.423696°N 86.911060°W / 40.423696; -86.911060

Purdue University
Krannert School of Management
Logo of the Krannert School of Management
Motto"Preparing analytical global business leaders"
TypePublic school
Established1962
Parent institution
Purdue University
DeanDavid Hummels
Academic staff
161
Students3,092 (2019-20)
Undergraduates2,344 (2019-20)
Postgraduates748 (2019-20)
Location
West Lafayette
,
Indiana
,
United States
ColorsOld Gold and Black    
Websitekrannert.purdue.edu

The Krannert School of Management is the school of management at Purdue University, a public research university in West Lafayette, Indiana. It offers instruction at the undergraduate, master's, and doctoral levels.[1]

History

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 with a $2.7 million endowment from Herman Krannert and Ellnora Krannert. The AACSB accredited the new school in 1967.[2] 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.[3] The curriculum expanded over the following decade and the word "Industrial" was dropped from the schools' names in the mid 1970s.[2] Today, the Krannert name refers to both the undergraduate and post-graduate programs. Krannert is accredited by the AACSB.[4]

Academics

Business Rankings
U.S. MBA
Bloomberg (2024)[5]50
U.S. News & World Report (2024)[6]74
Global MBA
Financial Times (2024)[7]75


The school currently has nearly 20 clubs and organizations open to undergraduates, including the School of Management Council (SMC). There are some 25 professional, cultural and special interest clubs at the graduate level, including the Krannert Graduate Student Association (KGSA) and the Krannert Doctoral Student Association (KDSA).

Undergraduate

The School of Management offers eight undergraduate degree programs. In keeping with the global scope of the modern manager, all programs include 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 just five years.[8]

Master's & Executive

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, Master of Science in Global Entrepreneurship, Master of Science in Global Supply Chain Management and a Weekend MBA.[9] 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)

In 2020, despite tight alumni classes and a well respected curriculum the Krannert School of Management was forced to pause its full time residential MBA program.[10]

Doctoral

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[11] and #25 for 2013[12] by Financial Times.

Facilities

The school's facilities are located on the southeastern part of Purdue's West Lafayette campus near the Purdue Memorial Union. 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.

Alumni

See also

References

  1. ^ "Fill Out the Appropriate Application - Purdue Krannert". krannert.purdue.edu.
  2. ^ a b "Krannert School of Management Historical Timeline".
  3. ^ Topping, Robert W. (1988). A Century and Beyond: The History of Purdue University. West Lafayette, Indiana: Purdue University Press. pp. 316–318. ISBN 0-911198-95-4.
  4. ^ "Business School and Program Accreditation by AACSB - AACSB Accreditation". www.aacsb.edu.
  5. ^ "Best B-Schools". Bloomberg Businessweek.
  6. ^ "2023 Best Business Schools Rankings". U.S. News & World Report.
  7. ^ "Global MBA Ranking 2023". Financial Times.
  8. ^ "Combined Degree Programs - Purdue Krannert". krannert.purdue.edu.
  9. ^ Krannert School of Management – Masters Home Archived 2002-02-09 at the Wayback Machine
  10. ^ {{cite web|url https://bized.aacsb.edu/articles/2020/july/krannert-mba-gets-market-ready]
  11. ^ "Business school rankings from the Financial Times - FT.com". rankings.ft.com.
  12. ^ "Business school rankings from the Financial Times - FT.com". rankings.ft.com.
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