Purdue University

Program Basics

• • Full-time MBA
  • Krannert School of Management
  • 2020 Rawls Hall
  • 100 S. Grant Street
  • West Lafayette, 47907-2076, Indiana
  • United States
  • Program Web site: http://www.krannert.purdue.edu/
  • Status: Public
  • Program e-mail address: krannertmasters@purdue.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 670
  • Full-Time MBA: 210
  • Part-Time MBA: 146
  • Executive MBA: 83
  • PhD Program: 96
• • Other graduate degree programs:
    • Master of Accounting
    • Master of Finance
    • Master of Human Resources
  • Master of Science in Industrial Administration

PROGRAM COSTS

• Total direct costs (tuition and required fees) of the entire MBA program:

  • Resident: $44,292.00
  • Nonresident: $82,344.00
  • Recommended annual budget (Resident): $34,172.00
  • Recommended annual budget (Nonresident): $53,448.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2012
  • Deadline: Nov 1, 2011
  • Semester: Fall 2012
  • Deadline: Jan 10, 2012
  • Semester: Fall 2012
  • Deadline: Feb 1, 2012
  • Semester: Fall 2012
  • Deadline: Mar 1, 2012
• • Does the program have rolling admissions? No
  • Is proficiency in English required for admission? Yes
  • Is a minimum score on an English language proficiency test required? Yes

• Which English language proficiency tests are accepted?

  • • IELTS
    • TOEFL Internet Based Test
    • TOEFL Paper-based Test
• • Minimum paper-based TOEFL score required for MBAs: 573

• Relative Importance of Application Elements:

  • GMAT Score: Important
  • Resume/Work Experience: Important
  • Application Essays: Important
  • Interviews: Important
  • Recommendations: Important
  • Undergraduate Transcripts: Important

APPLICANTS

• • Applications (admitted and denied) to the newest class: 679
  • Applicants who were accepted to the most recent class: 35 %
  • Admitted applicants who enrolled in the newest class: 43 %
  • Applicants who were re-applicants from prior years: 2 %
  • Percentage of this year's reapplicants accepted: 18 %
  • Applicants wait-listed during the last admissions cycle: 35
  • Wait-listed applicants admitted for the semester to which they applied: 3
  • Applicant interviews are: By invitation only
  • Applicants (admitted and denied) who were interviewed: 94 %
  • Admitted applicants who were interviewed: 94 %

APPLICANT POOL

• • International applications received: 78 %
  • Applications from women received: 29 %
  • Mean base salary forgone: $48,352.00
  • Median base salary forgone: $45,000.00

CLASS PROFILE

• Full-time students in newest entering class (2010-2011) that are:

  • Female: 23 %
  • International: 58 %

• Students from following regions:

  • Africa: 2 %
  • Asia: 48 %
  • Europe: 2 %
  • North America: 44 %
  • Latin America and the Caribbean: 4 %
  • Oceania: 0 %
  • Dual citizenship: 0 %

• Percentage of U.S. students in newest entering class that are:

  • African American: 23 %
  • Asian American: 14 %
  • Hispanic or Latino American: 5 %
  • Multiethnic/Multiracial: 0 %
  • Native American: 0 %
  • White (Non-Hispanic): 58 %
  • Chose not to report: 0 %
  • Other: 0 %

• Percentage of U.S. students in newest entering class who are from the following regions:

  • Northeast: 7 %
  • Mid-Atlantic: 5 %
  • South: 12 %
  • Southwest: 5 %
  • Midwest: 56 %
  • West: 15 %
  • Possessions and territories: 0 %
• • Mean months of work experience of newest entering class: 49
  • Median months of work experience of newest entering class: 43

• Middle 80% range of work experience of newest entering class in months:

  • From: 0
  • To: 101
• • Median age of entering class: 26
  • Mean age of entering class: 27

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Central financial aid office at the university
  • Full-time MBAs who applied for financial aid for the current academic year: 72 %
  • Full-time MBAs receiving financial aid in the current academic year: 72 %
  • Mean MBA financial aid package for the current academic year: $21,553.00
  • Median MBA financial aid package for the current academic year: $18,573.00
  • On what basis are scholarships awarded?
    • some other criteria
    • academic merit
  • How does an applicant apply for scholarship consideration? all candidates are considered for scholarship
  • Mean scholarship awarded to full-time MBAs in the previous academic year: $8,432.00
  • Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study: 34 %
  • Does the school offer a guaranteed loan to all MBAs regardeless of nationality? No
  • Mean outstanding debt among the most recent graduates from the full-time MBA program: $38,975.00

GMAT

• • Are applicants required to take the GMAT? Yes
  • Are applicants allowed to submit the GRE? Yes

• GMAT score distribution (applicant pool):

  • 25th Percentile 580
  • 10th Percentile 530
  • 50th Percentile (median) 650
  • 75th Percentile 680
  • 90th Percentile 720
  • Average GMAT Score 642

• GMAT score distribution (incoming class):

  • 75th Percentile 680
  • 25th Percentile 560
  • 50th Percentile (median) 650
  • 90th Percentile 720
  • Average GMAT Score 635
  • 10th Percentile 525

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 37
  • Average number of students in a full-time MBA elective class: 24
  • Elective courses available to full-time MBA students: 96

• Electives that have been added to the full-time program since June 30, 2010:

  • Consulting Methods
  • Sustainable Operations
  • Performance Management & Coaching

• Concentrations and specializations offered to full-time MBA students:

  • • Consulting
    • Finance
    • Management Information Systems
    • Entrepreneurship
    • General Management
    • Marketing
    • Supply Chain Management
    • Accounting
    • Human Resource Management
    • Manufacturing and Technology Management
    • Operations Management
    • Strategy
    • Organizational Behavior
    • International Business
    • Statistics and Operations Research

• Joint-degree programs offered to full-time MBAs:

  • • Other
• • Does the school offer an accelerated full-time MBA program? No

• The school believes that its leading areas of study for full-time MBA students are:

  • • Finance
    • Marketing
    • Consulting
    • Strategy
    • Operations Management

FACULTY

• • Faculty employed by the B-school: 123

• Full-time faculty:

  • Tenured: 55
  • Non-Tenured: 50

• Adjunct/Visiting Faculty:

  • Tenured: 2
  • Non-Tenured: 16

• Women on Faculty:

  • Tenured: 8
  • Non-Tenured: 22

• International Faculty:

  • Tenured: 15
  • Non-Tenured: 27

• Faculty with PhDs:

  • Tenured: 58
  • Non-Tenured: 61

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Other
    • Finance
    • Marketing
    • VC/ Private Equity
    • Information Technology
    • Manufacturing
    • Human Resources

• Networking clubs available to full-time MBA students:

  • • Black MBA Association
    • Hispanic Student Organization
    • International Club
    • Partners/Family
    • Women in MBA
    • Other
    • Volunteer
    • Wine

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 50 %
  • Distance Learning: 0 %
  • Experiential Learning: 20 %
  • Lectures: 15 %
  • Simulations: 5 %
  • Team Projects: 10 %

• Requirements for graduation:

  • • Students must have attended a minimum number of classes
    • Students must have earned a pre-determined GPA/Letter grade average

TECHNOLOGY

• • Technology improvements in the last three academic years: Upgrades to the business/economics library expanded on-line data sources and created a 40-station "Learn Lab" for computer-mediated instruction. Deployed an on-line course evaluation and student registration system. Deployed a schoolwide digital signage system. Upgraded the schoolwide wireless infrastructure. The school website was redesigned and an initiative in streaming content, social media and social networks in under way.
  • Amount spent: $2,400,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 5,764
  • Active MBA alumni clubs: 21
  • Countries in which MBA clubs exist: 7
  • Living MBA alumni who gave in past year: 9 %
  • Mean gift from MBA alumni: $458.00
  • Median gift from MBA alumni: $100.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Business School endowment: $80,735,088.00
  • Does the main university offer career placement services for alumni? Yes
  • Does the main university have an alumni networking Web site? Yes
  • University alumni networking site: http://gateway.purdue.edu
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.linkedin.com/groups
  • Does the B-SCHOOL offer career services for alumni? Yes
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Graduates seeking full-time professional MBA employment: 88 %
  • Graduates not seeking employment: 11 %
  • Graduates for whom you have no information regarding employment: 1 %

• Annual job-searching trips that the school coordinates or participates in:

  • Destination: Cincinnati, OH
  • Month: 10/8/2010
  • Amount Paid By School: Partial
  • Destination: Indianapolis, IN
  • Month: 12/10/2010
  • Amount Paid By School: Partial
  • Destination: Chicago, IL
  • Month: 2/25/2011
  • Amount Paid By School: Partial
  • Destination: New York, NY
  • Month: 3/7/11 - 3/11/2011
  • Amount Paid By School: Partial

• Primary source of job offer:

  • School-facilitated activities: 70 %
  • Graduate-facilitated activities: 30 %
  • No information provided by graduate: 0 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 81 %
  • Received first job offer in three months following graduation: 10 %
  • Did not report having received a job offer: 9 %
  • Accepted first job offer by graduation: 77 %
  • Accepted first job offer in three months following graduation: 12 %
  • Did not report having accepted a job offer: 11 %

• Top recruiting organizations most recent academic year:

  • Amazon.com 7
  • Samsung 6
  • Sears Holdings Corporation 4
  • The Procter & Gamble Company 4
  • Cummins Inc. 3
  • Cognizant 3
  • Bank of America 3
  • Rolls-Royce 3
  • General Motors Company 3
  • Target 2
  • US Airways 2
  • Dow AgroSciences LLC 2
  • Intel Corporation 2
  • LG International 2
• • Job-accepting graduates who received a signing bonus: 64 %

• Base salary, signing bonuses and other compensation for most recent employed graduates:

  • Mean base salary: $80,022.00
  • Median base salary: $79,000.00
  • Mean signing bonus: $15,266.00
  • Median signing bonus: $15,000.00
  • Mean other guaranteed compensation: $16,283.00
  • Median other guaranteed compensation: $10,000.00

• Graduating students who accepted jobs in the following functional areas:

  • Consulting: 15 %
  • Finance/Accounting: 26 %
  • General Management: 13 %
  • Human Resources: 1 %
  • Marketing/Sales: 16 %
  • Management Information Systems: 2 %
  • Operations/Logistics: 27 %
  • Other: 0 %

• Graduating students who accepted jobs in the following industries:

  • Government: 0 %
  • Consulting: 13 %
  • Consumer Products: 29 %
  • Financial Services: 9 %
  • Manufacturing: 20 %
  • Media/Entertainment: 1 %
  • Non-Profit: 0 %
  • Petroleum/Energy: 8 %
  • Pharmaceutical/Biotechnology/Health Care: 6 %
  • Real Estate: 0 %
  • Technology: 11 %
  • Other: 3 %

• Graduates who accepted full-time jobs in the following regions:

  • Africa: 0 %
  • Asia: 10 %
  • Europe: 1 %
  • North America: 87 %
  • Oceania: 0 %
  • Latin America and the Caribbean: 2 %

• Within the U.S., graduates who accepted full-time jobs in the following regions:

  • Northeast: 7 %
  • Mid-Atlantic: 1 %
  • South: 9 %
  • Southwest: 15 %
  • Midwest: 59 %
  • West: 9 %
  • Possessions and territories: 0 %

• Top recruiting organizations for internships, most recent academic year:

  • Sears Holdings Corporation 5
  • Bank of America 5
  • Amazon.com 4
  • Cummins Inc. 4
  • Emerson 3
  • Johnson & Johnson 3
  • Caterpillar 2
  • ExactTarget 2
  • General Motors Company 2
  • KPMG LLP 2
  • Lands' End 2
  • The Procter & Gamble Company 2
  • Purdue University 2
  • LG CNS Entrue Consulting 2
• • Internships awarded that are paid: 92 %

• Weekly internship compensation:

  • Mean: $1,067.00
  • Median: $1,127.00
• • Average internship length in weeks: 10

SCHOOL COMMENTS

• • School Comments: Krannert’s new "Launching Tomorrow's Business Leaders" allows students to participate in a competency program to improve professionalism and leadership. The program has 3 components: 1) leadership assessment, which leads to a development plan and coaching, 2) portfolio development to articulate accomplishments and guide future plans, 3) a Leadership & Professional Development class, which addresses ethical and leadership challenges and guides students in career strategies and tools.

• • -Krannert offers a professional and friendly learning environment that stretches you intellectually and prepares you for your future career. At Krannert, you are introduced to the people who can provide you with opportunity and assist you along your career path.
    
    -The experiences outside of the classroom are just as valuable as the experiences within. I was exposed to a very diverse group of students and a very supportive faculty. The program size is appropriate, and I never felt lost in the mix of students.
    
    -The program is too focused on academics, rather than building soft skills and networking. It does not do a good job of career building or offering job opportunities.
    
    -The school has recently incorporated an experiential learning initiative, which truly lives up to its name. This program is especially valuable to those who are trying to change career paths. The school lived up to its reputation as a quant-intensive school.
    
    -If I knew an aspiring MBA wanted to get a great education in operations, supply chain management or finance and have access to great companies in those fields, then i would give Krannert a 10. However, if you want to go into international business, marketing, product management, or entrepreneurship, you'd better look elsewhere.
    
    -In terms of return on investment, Krannert is definitely a place you would want to be. From low cost of living to great faculty and administration to generous scholarships, Krannert delivers. In addition, the quality of my fellow classmates exceeded my expectations. I was able to learn from and grow with them. Furthermore, Krannert offers top-notch facilities with plenty of places to have group meetings and socialize with fellow classmates and faculty. Finally, the size of the class allows individuals plenty of opportunities to take on leadership positions and really make a difference for this wonderful program.
    
    -For me, the program was great. Through a graduate assistantship and scholarship, the program cost me nothing out of pocket, only living expenses and opportunity cost. I was most interested in quant and operations, two of Krannert's biggest strengths. I had the maturity to get the most out of the program and wound up with a great job. For the right person, it's a great program.
    
    -The Krannert MBA Program has prepared me quite well for my future career. Further, Krannert provides a truly remarkable education, considering the net cost as scholarship opportunities are readily available. Lastly, Purdue University has a wonderful entrepreneurial community that the business school regularly partners with to commercialize current research at our Discovery Park. These opportunities, in addition to consulting projects with both small and large firms, are available to all MBA students and augment the more traditional academic coursework.
    
    -From the perspective of learning opportunities, Krannert is outstanding. The exposure is great with experiential learning projects, case competitions, student clubs, leadership speaker series, company visits, consulting projects, team activities, cultural events, study abroad programs, etc. The faculty is exceptional and that is one of the school's biggest strengths. The class size is relatively small, and one does not feel lost. The student body is diverse with over 40 percent internationals. This school is also one of the most cost-efficient programs among top b-schools. The course load is high and one has to work hard to do well in this program. The only weak link are career services as far as internationals are concerned because most of the firms that recruit on campus do not sponsor internationals.
    
    -Krannert has come up with a well-structured approach to teaching business administration at the graduate level. The combination of the intensive core curriculum, numerous electives, and experiential learning projects give students a high degree of flexibility to increase their skill set in whatever area they like. The program administration is very responsive to student feedback about almost every aspect of MBA student life, in and outside of class. For example, in the 2009-2010 academic year, a new, improved curriculum was put in place that was promoted and refined by students and faculty together.
    
    -I think this program offers a great analytical foundation and was highly regarded by the companies that spoke to me. The size of the program allows students to really get to know one another, and the international mix is fantastic.
    
    -I think that Krannert is becoming more attuned to students wants, however I would like to see a lot more material come out of industry applications. Cases can be sterilized examples to apply concepts, but we sacrifice reality and complexity at the expense of wrestling with competing viewpoints and agendas that are prevalent in business environments.