Program Basics

• • Purdue University, Krannert School of Management
  • Krannert School of Management
  • 403 W. State Street
  • West Lafayette, Indiana
  • 47907-2056
  • United States
  • Program Web site: http://www.krannert.purdue.edu/undergraduate/
  • Program e-mail address: advising@purdue.edu
  • Program phone number: 765-494-4343
  • Status: Public (state-operated)
• • AACSB accredited: Yes

• Accreditation other than AACSB:

  • None
• • Year in which the undergraduate business program was founded: 1958
• • Institution: Four Year
• • Business Program: Four Year

SCHOOL BASICS

• Enrollment:

  • Total undergraduate: 30,776
  • Full-time undergraduate business: 2,442
  • Part-time undergraduate business: 50
• • College or university freshman retention rate: 90 %

• Percentage of students who graduate from the business program:

  • Within four years of admission to the university: 46 %
  • Within six years of admission to the university: 72 %

• Undergraduate Business Degrees Offered:

  • BS, Accounting
  • BS, Economics
  • BS, Management
  • BS, Industrial Management

PROGRAM COSTS

• • Annual Tuition (Resident): $9,478.00
• • Annual Tuition (Non-Resident): $27,646.00
• • Annual Required Fees: $1,384.00
• • Tuition Per Academic Credit (Resident): $385.00
• • Tuition Per Academic Credit (Non-Resident): $965.00
• • Annual Room and Board: $9,510.00
• • Annual Cost of Books: $1,100.00

CLASS PROFILE

• Students in newest entering class that are:

  • Female: 39 %
  • International: 40 %

• Mean and median age of full-time business students in the newest entering class:

  • Mean: 18
  • Median: 18

• Percentage of newest entering class:

  • Top 10% of high school class: 35 %
  • Top 25% of high school class: 72 %
  • GPA of 3.75 or higher: 39 %
  • GPA of 3.5 to 3.74: 30 %

• SAT scores (1600 scale) for the newest entering class of full-time undergraduate business students:

  • Mean: 1172
  • Median: 1170

• Middle 50% range of SAT scores (1600 scale):

  • From: 1070
  • To: 1270

• ACT scores for the newest entering class of full-time undergraduate business students:

  • Mean: 26
  • Median: 26

• Middle 50% range of ACT scores:

  • From: 24
  • To: 28

• Citizenship breakdown for newest entering class:

  • US: 58 %
  • Canada: 0 %
  • Other Non-US Citizens: 42 %
  • Dual Citizenship: 0%
  • Unknown Citizenship: 0 %

• U.S. citizens in newest entering class:

  • African American: 6 %
  • Asian American: 9 %
  • Hispanic or Latino American: 4 %
  • Multiethnic/Multiracial: 2 %
  • Native American: 0 %
  • White (Non-Hispanic): 76 %
  • Chose not to report: 0 %
  • Other: 3 %

• Regional breakdown of U.S. citizens in newest entering class:

  • Northeast: 3 %
  • Mid-Atlantic: 2 %
  • South: 3 %
  • Southwest: 2 %
  • Midwest: 80 %
  • West: 5 %
  • Possessions and territories: 5 %

ADMISSIONS - Getting Into the Institution

• Standardized tests required of all applicants:

  • SAT
  • ACT
• • Interviews are: Not required

• Application deadlines:

  • Fall 2012 3/1/2012
• • Total undergraduate applicants, all programs: 29,513
• • Percentage of applicants admitted: 68 %
• • Percentage of admitted applicants who enrolled: 33 %
• • International applicants: 23 %
• • Female applicants: 39 %

• Relative Importance of Application Elements

  • Secondary school record: Very Important
  • Class rank: Considered
  • Talent/ability: Considered
  • Interview: Not Considered
  • Extracurricular activities: Considered
  • Volunteer work: Considered
  • Character/personal abilities: Considered
  • Application essay: Important
  • Work experience: Considered
  • SAT/ACT scores: Important
  • Recommendations: Considered
  • High school GPA: Important

ADMISSIONS - Getting Into the Business Program

• • Undergrad business program admissions are managed by: The university admissions office
  • Total undergraduate business applicants: 3,215
  • Percentage of applicants admitted: 53 %
  • Percentage of admitted applicants who enrolled: 29 %
• • Entrance exam other than the SAT/ACT required for admission to the undergraduate business program?: No
• • Admissions interviews for the undergraduate business program are: Not offered

• Freshman admission:

  • Does the business program admit freshmen?: Yes
  • Percentage of business program admits in most recent entering class who were freshman: 94 %
  • Are freshman business admits required to complete or obtain minimum GPAs in pre-business courses before taking upper-level courses? Yes
  • Process for freshmen admission?: Indicate interest on university application

• Internal transfers:

  • Method for handling internal transfers: Other
  • Minimum college GPA for internal transfers to the business program: 2.5
  • Additional application requirements, including course/grade requirements: College level calculus with C or higher. Grade of C or higher for any completed course in the Management Admission Index.

CAMPUS LIFE

• Five largest on-campus organizations for business students:

  • School of Management Council
  • Management Ambassadors
  • School of Management Employers Forum
  • Delta Sigma Pi
  • AIESEC
• • Are freshmen required to live on campus?: No
  • Are business students grouped together in 'learning communities' in housing and other facilities?: Yes

PROGRAM REQUIREMENTS

• Minimum number of credit hours required to receive an undergraduate business degree:

  • BS IM 126
  • BSMGT 124
  • BSACT 124

ACADEMICS

• Average class size:

  • Required business classes: 80
  • Business electives: 39
  • Non-business electives: 26

• Percentage of business classes:

  • With 20 or fewer students: 8 %
  • With 21 to 50 students: 42 %
  • With more than 50 students: 50 %

• Course enrollment:

  • Percentage of required business courses reaching maximum enrollment by the first day of class: 3 %
  • Percentage of required business courses with waiting lists: 0 %

CURRICULUM

• Electives:

  • Available business electives: 62
  • New electives: Business to Business Marketing
• • Last curriculum overhaul: 2007
  • Total business faculty: 71
  • Percentage of the total faculty that is tenured or tenure track: 70 %

• Most prominent faculty:

  • Susan Watts
  • Mara Faccio
  • Ananth Iyer

• Business program's leading areas of study:

  • • Accounting
    • Finance
    • Marketing
    • Industrial Management
    • Manufacturing and Technology Management
  • Other leading area of study: Operations Management; Supply Chain Management
• • Special programs: 3+2 (combined degree-BS and MBA in 5 years); Business Opportunity Program; Learning Communities for beginning students
• • Work study: work-study and co-op opportunities are available on campus. None are specific to the business school.
• • Study abroad programs: Krannert approved programs include 99 study abroad programs offered in 24 countries and five continents. Krannert department led programs are offered in: London 3-week program; China 2-week program; and Taiwan 1-week program. New programs are being added in China, Germany, Malaysia and South America in the next year.
• • Volunteer opportunities: Various courses offer students service projects as class work. Student organizations sponsor volunteer in community. SMC hosts holiday party for children, Walkathon, 5K Run-American Cancer Society. MGMT Ambassadors conduct canned food drive for local food pantry. Boiler Volunteer Network provides opportunities for volunteer projects. Faculty/Staff Charity Golf Outing.

• Extra-curricular activities:

  • Accounting Association; AIESEC
  • Alpha Kappa Psi; Beta Alpha Psi
  • Beta Gamma Sigma
  • Society of Minority Managers
  • Management Ambassadors
  • Delta Sigma Pi
  • Women In Business
  • http://www.krannert.purdue.edu/clubs/home.asp

FINANCIAL AID

• • Who manages financial aid for the business program?: Central financial aid office at the university
  • Financial aid web site: http://www.purdue.edu/DFA

• Scholarships

  • Scholarship money distributed to business students last year: $2,473,992.00
  • Expected scholarship distribution to business students this year: $2,550,818.00
  • Scholarships are awarded to business students based on: a combination of need and merit
  • Other criteria for scholarship consideration: The first and best method is filling out the "Free Application for Federal Aid (FAFSA)" by March 1st. Students can also contact the scholarship administrator within the School of Management to inquire about merit scholarship opportunities
  • Students receiving institutional scholarships in the current academic year: 26 %
  • Students receiving full-tuition institutional scholarships in the current academic year: 1 %
  • Institutional scholarship money distributed to undergraduate business students based on need: 26 %
  • Institutional scholarship money distributed to undergraduate business students based on merit: 74 %

• Loans

  • Does the school offer a guaranteed loan to all business students, regardless of nationality?: No
• • Mean outstanding debt, most recent graduating class: $29,353.00

CAREER SERVICES

• Employment Information

  • Percentage of most recent business graduates who supplied information regarding employment: 87 %
  • Percentage seeking full-time professional employment in business: 89 %
  • Percentage not seeking full-time professional employment in business: 11 %

• Accepted first job offer:

  • By graduation : 49 %
  • After graduation, but within 3 months: 26 %
  • More than 3 months after graduation: 11 %
  • No job acceptance reported: 14 %
• • Companies recruiting business students on campus: 321
  • Companies posting job offers for business students on school job boards: 1,582

• Top employers (number of students hired):

  • Amazon.com 7
  • Deloitte 7
  • BKD, LLP 6
  • Sears Holdings Corporation 6
  • Crowe Horwath 5
  • Accenture 4
  • Allstate Insurance 4
  • Cerner Corporation 4
  • Coyote Logistics 4
  • Cummins, Inc. 4
  • Ernst & Young, LLP 4
  • General Electric 4
  • Target Corporation 4
  • IBM 3
  • Procter & Gamble 3

• Compensation

  • Mean base salary: $47,617.00
  • Median base salary : $48,000.00
  • Mean signing bonus: $4,297.00
  • Median signing bonus: $3,000.00
  • Mean other guaranteed compensation: $0.00
  • Median other guaranteed compensation: $0.00

• Most recent graduates accepted jobs in the following functional areas:

  • Consulting: 6 %
  • Finance/Accounting: 34 %
  • General Management: 9 %
  • Human Resources: 4 %
  • Management Information Systems: 4 %
  • Marketing/Sales: 17 %
  • Operations/Production: 12 %
  • Logistics/Transportation: 2 %
  • Other: 12 %

• Job offers accepted by most recent graduates in North America:

  • US: 100 %
  • Canada: 0 %

• Percentage of 2009-10 academic year graduates who accepted jobs in regions of US:

  • Northeast: 4 %
  • Mid-Atlantic: 4 %
  • Midwest: 75 %
  • South: 6 %
  • Southwest: 6 %
  • West: 5 %
  • Possessions and territories: 0 %
• • Career services offered: The center provides on-campus recruiting schedules (including fall/spring career fairs), resume assessment, presentations on interviewing skills, and business etiquette. Its staff also teaches a course emphasizing academic planning, career exploration, and job-search strategies, including video-taped mock interviews that allow students to review their performance and identify areas for improvement. We also provide access to detailed company research and placement data.

INTERNSHIPS

• • Companies recruiting business students for internships on campus: 235
  • Companies posting internship offers for business students on school job boards: 598

• Top internship employers (number of students hired):

  • Sears Holdings Corporation 9
  • Arthus J. Gallagher & Co. 4
  • Crowe Horwath 4
  • Cummins, Inc. 4
  • Eli Lilly & Company 4
  • Enterprise Rent-A-Car 4
  • General Electric 4
  • Abbott Laboratories 3
  • Alpha Baking Company 3
  • ArcelorMittal 3
  • Deloitte 3
  • Dish Network 3
  • Ernst & Young, LLP 3
  • Merrill Lynch 3
  • Procter & Gamble 3

• Internship pay

  • Internships that are paid: 79 %
  • Mean compensation, per week, for paid internships only: $640.00
  • Median compensation, per week, for paid internships only: $640.00
  • Average internship length, in weeks: 11

B-SCHOOL ALUMNI

• • Total number of undergraduate business program graduates since inception: 26,592
  • Total living alumni of the undergraduate business program: 25,422
  • Percentage of living alumni who contributed to the business program or university in the last academic year: 11 %

• Alumni gifts

  • Mean Gift: $1,302.00
  • Median Gift: $100.00
  • Did the business program receive a gift of $10 million or more in the last academic year? No

• Prominent alums of the undergrad business program

  • Drew Brees Quarterback, New Orleans Saints
  • Beth Brooke Global Vice Chair-Public Policy, Ernst & Young, LLP (4-time Forbes magazine 100 Most Powerful Women in the World recipient)
  • Sam Allen President & CEO, Deere & Company

• • -We often work in teams for research projects. I like the conservative stance the school takes on economics.
    
    -The business program could be made stronger by some smaller class sizes. Most class sizes are ideal for a learning setting, however some of the more general introductory courses are large.
    
    -The diversity in the student population is very helpful to gain perspective about the current business environment. Class discussions with a diverse population allow students to learn more about international environments. In addition to the student population, the professors are extremely invested in the students' futures. They are always willing to help a student with job contacts, class assistance, advice, etc.
    
    -Make the major classes more flexible. For example, forcing students to take literature classes, communication classes is worthless when the student prefers to take international finance, money and banking, courses that are more relevant and useful to what he wants to do.
    
    -Krannert prepares you extremely well for the working world. Professors will not hold your hand through the classes -- it teaches students to take ownership of their own work and to manage their time efficiently. Grading is rigorous and classes are competitive which inspires hard work and friendly competition. There is a good balance as students are very collaborative and will often go out of their way to help a friend. These are invaluable tools in the working world and I attribute much of my success in my internships to these lessons. Additionally, Krannert has many advantages that come with a large business school. There are many interested employers and the resources are seemingly endless. I have been sponsored to participate in numerous leadership retreats and initiatives on Krannert's tab. Every opportunity is there and any student who shows initiative will be given great opportunities.
    
    -The lower division part of the program, for the most part, is abysmal. Many courses are taught in a lackluster fashion. There are blatant "weed-out" courses as well. The STAT 225 course is a travesty and either needs to be eliminated, or brought over to Krannert. The TAs that teach sections for the classes are overwhelmingly terrible across the board. Many are international students who have the English comp of a 5th grader, extremely thick accents, and a low amount of patience. There need to be much stricter guidelines (maybe higher pay too?) for TAs. Constant hypocrisy would reign as many of the graduate student TAs couldn't do the problems they themselves assigned us!
    
    -More information on student counsels and clubs BEFORE we start in the program would be great. Too many suck-ups and lazy, unqualified brats are in the Krannert Undergraduate Student Counsel and they consistently help their friends and themselves with the connections their positions give them.
    
    -The advisory staff is severely lacking in knowledge of the accounting degree and things required to obtain your CPA and sit for the exam. If they would just assign one advisor for this, it would make me feel much better about the advisory staff.
    
    -There are some really good professors that present real word cases, problems and have first hand experience on the field. And they are able to share that knowledge in a positive manner with students. Those few professors, make Krannert excel. Besides them, Krannert is average.
    
    -In the lower levels of the business program, have less TAs teaching classes (especially in the economics department). If they are going to have TAs teach, make sure they are informed about their subject and can speak clear English.
    
    -The faculty is outstanding in dedicating outside of classroom hours to help students. Many of them respond to emails at all hours of the day. There is also a high stress on teamwork with a lot of group work and projects in every class.
    
    -Even though I am obviously in love with the Krannert School of Management, there is always room for improvement. Something that could be improved on is definitely making the environment seem smaller. Being at such a large school, accessibility to students does seem generic, and it's sometimes hard to be motivated without that personal connection. I have made personal connections with a couple professors, but I know some of the less outgoing students may struggle with that. Again, it's a situation of taking advantage of the opportunities and not being intimidated by the size.
    
    -Krannert offers its students plenty of services and opportunities to find employment during and after graduation. The business program this past year brought in 135 companies for a career fair, who were primarily looking for business majors. Also, Krannert pushes a lot of group/team work on the students, which helps us practice our communication skills, and learn how to work well with others.
    
    -Improve the marketing program. The current professors don't seem to have any interest in teaching and just want to do research. My concentration is marketing and I haven't had a good experience in a marketing class yet. What I've learned in the area has been through internships and reading articles on my own time.
    
    -The instructors care a great deal about the students and about the reputation of Purdue's management program. Purdue being a heavily tradition based school the utmost effort is put into maintaining the quality education provided by the program.
    
    -Krannert needs a stronger finance presence. I'm in senior level classes where kids complain about having to use Excel. It seems that lower level classes were more challenging that our upper division classes as well.
    
    -The teachers are really concerned about the students doing well and they make time to be available for students to ask questions in class or during office hours. If you are struggling they try to help you out. I also really like that many of the teachers have had real world experience and are able to give real world applications to the things we're learning.