UNDERGRADUATE Profiles Publish Date 2/26/09

Purdue University

Krannert Graduate School of Management

Getting In

PROGRAM BASICS

Purdue University, Krannert School of Management

403 West State Street
West Lafayette , Indiana 479062056

Public Institution

Web site

http://www.krannert.purdue.edu

Program telephone number:

(765) 494-9700

AACSB accredited:

Yes

Accreditation other than AACSB:

None
None

Year in which the undergraduate business program was founded:

1958

Length of entire institution:

Four Year

Business program length:

Four Year

Degrees offered:

Degree/Program Name:
BS, Accounting
BS, Economics
BS, Management
BS, Industrial Management

PROGRAM COSTS

Annual Tuition (Resident):

$ 8,772

Annual Tuition (Non-Resident)

$ 24,246

Books:

$ 2,000

Room and board:

$ 8,330

ENROLLMENT

Full-time undergraduate business student enrollment:

2,794

Part-time undergraduate business student enrollment:

Distance undergraduate business student enrollment:

Total College enrollment for 2008-09:

40,090

ADMISSIONS

Minimum SAT score for entire college on 1600 scale:

Minimum ACT score for entire college:

Minimum high school GPA for entire college:

Interviews for entire college:

Not required

Additional application requirements for entire college:

Transcripts,Essay, TOEFL (international students)

Upcoming application deadlines for entire college:

Semester: Fall
Deadline: 03-01-2009
Semester: Spring
Deadline: 12-01-2009
Semester: Summer
Deadline: 04-15-2010

Freshmen admitted into business program:

Yes

Percentage of business students admitted as freshmen:

98 %

Are the freshman admits to the business program required to complete pre-business courses before beginning upper-lever courses in the junior year?

Yes

Freshmen admitted by:

Indicate interest on university application

Minimum requirements for business program:

Minimum SAT score: NA
Minimum ACT score: NA
Minimum high school GPA : NA

Entrance exam requirement other than SAT/ACT for business program:

Interview to enter business program:

Not required

Additional application requirements for freshman admits:

high school diploma/GED TOEFL (international students) Pre-calculas

Minimum college GPA for internal business program transfers:

2.5

Additional requirements for internal transfers:

Have successfully completed 15 credit hours

Total number of full-time applications for entire college:

29,952

International applicants, entire college, 2008-09:

14 %

Female applicants, entire college, 2008-09:

45 %

Selectivity--applicants admitted to undergraduate business program, 2008-09:

72 %

Yield -- applicants enrolled in undergraduate business program, 2008-09:

33 %

Relative Importance of Application Elements:

Secondary School Record:

Very Important

Class Rank:

Important

Talent/Ability:

Considered

Interview:

Considered

Extracurricular Activities:

Considered

Volunteer Work:

Considered

Character/Personal Abilities:

Considered

Application Essay:

Considered

Work Experience:

Considered

SAT/ACT Scores:

Very Important

Recommendations:

Considered

High School GPA:

Very Important

Admissions program managed by:

The university admissions office

Total undergraduate business program applicants, 2008-09:

3,384

Applicants enrolled in undergrad business program 2008-2009:

25 %

Applicants admitted to undergraduate business program, 2008-09:

64 %

CLASS PROFILE

Class Profile:

Female: 37 %
International : 20 %

Entering students by age:

Mean: 18.3
Median: 18

Citizenship of Entering Students

U.S.: 80 %
Canada: 1 %
Other countries: 19 %
Unknown: 0 %

Percentage of US citizens in entering class who are:

African American: 4.7 %
Asian American: 12 %
Hispanic or Latino American: 3.1 %
Multiethnic/Multiracial : 0 %
Native American: .2 %
White (Non-Hispanic): 80 %
Chose not to report: 0 %
Other: 0 %

Entering students from the following region:

Northeast: 5 %
Mid-Atlantic: 4 %
South: 2 %
Southwest: 2 %
Midwest : 81 %
West: 6 %
Possessions and territories: <1 %

SAT Scores for full-time entering business students on 1600 scale:

Mean: 1152
Median: 1150

SAT middle 50% range on 1600 scale:

From: 1,060
To: 1,250

ACT Scores for full-time entering business students:

Mean: 25
Median: 25

ACT middle 50% range:

From: 23
To: 27

Percent of Students Who Were In:

Top 10% of high school class

24 %

Top 25% of high school class:

55 %

HS GPA of 3.75 or higher

26 %

HS GPA of 3.5 to 3.74:

26 %

FINANCIAL AID

Financial aid handled by:

Central financial aid office at the university

Institutional scholarship money distributed to undergraduate business students in previous academic year:

$ 1,811,905

Institutional scholarship money to be distributed to undergraduate business students in current academic year:

$ 2,067,202

Scholarships awarded to students in the business program based on:

A combination of need and merit

Scholarship consideration process:

As part of the admissions application

Other scholarship considerations:

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 for 2008-09 academic year:

21 %

Undergraduate business students with full-tuition scholarships 2008-09:

1 %

Percentage of institutional scholarship money distributed to business students based on merit, 2008-09 year:

41 %

Percentage of institutional scholarship money distributed to business students based on need, 2008-09:

59 %

School offers guaranteed loans:

Financial aid web site

http://www.purdue.edu/DFA

Academics & Lifestyle

PROGRAM BASICS

Business students who graduate within four years:

44 %

Business students who graduate within 6 years:

74 %

Freshman retention rate:

81 %

PROGRAM REQUIREMENTS

Credit hours required for graduation:

Degree: BS
Hours: 124
Degree: BS
Hours: 126
Degree: BS
Hours: 126

Other degree requirements:

ACADEMICS

Average class size in required business courses:

Average class size in business electives:

Average class size in non-business electives required for admission to business program:

Class size:

Classes with fewer than 20 students: 5 %
Classes with 21 to 50 students: 47 %
Classes with more than 50 students: 48 %

Required business courses that reached maximum enrollment by the first day of class, previous academic year:

26 %

Required business courses that had waiting lists, 2007-08:

0 %

CURRICULUM

Number of elective courses available in business program:

Electives added current year:

Auditing; Technology Strategy
Corporate Restructuring; Electronic Commerce & Inf Strategies
Adv Topics in OBHR; Topics in International HR
Adv Spreadsheet Modeling; Project Entrep
International Marketing; Topics in Adv Accounting

Year of the last major change to the business program's core curriculum:

2007

Leading areas of study:

Accounting

Finance

Industrial Management

Operations Management

Supply Chain Management

Special programs for business students:

3 + 2 Program Business Opportunity Program Learning Communities

Business program offers work study or co-op opportunities:

Business program offers study abroad opportunities:

Yes

Study abroad program description:

322 study abroad programs offered in 53 countries and 6 continents through the Study Abroad Office. Krannert department led programs offered in: London-6 week program; China 2-week program; Taiwan 1-week program.

Volunteer work and community service opportunities:

Yes

Volunteer opportunities description:

OBHR - offers students service learning projects as part of class work. Student Organizations - sponsor volunteer and community service projects. School of Mgmt. Council - Holiday Party for Children, Support Walkathon & 5K Run for the American Cancer Society. Management Ambassadors - canned food drive in October for local food pantry. Boiler Volunteer Network - provides numerous opportunities for volunteer projects.

Business clubs and extracurricular activities:

Accounting Association -- AIESEC
Alpha Kappa Psi -- Beta Alpha Psi
Beta Gamma Sigma
Hispanic Business Student Org
Management Ambassadors
MISA PFO PMA SMC SMEF
SMM WIB
http:/wwwkrannertpurdueedu/clubs/homeasp

FACULTY

Faculty:

Full-time faculty : 68
Adjuncts and visiting faculty: 17
Permanent/tenured professors: 26
Percentage of permanent/tenured professors who are women: 19
Percentage of permanent/tenured professors who are underrepresented minorities: 0
Percentage of permanent/tenured professors who are also members of company boards of directors or of advisors: NA
Percentage of permanent/tenured professors who are business owners: NA

Prominent faculty:

Susan Watts
Cliff Fisher
Kwei Tang

STUDENT LIFE

Largest on-campus organizations for business students:

Alpha Kappa Psi
Delta Sigma Pi
Beta Alpha Psi
Beta Gamma Sigma
AIESEC

Freshmen are required to live on campus:

Business students are grouped in learning communities:

Yes

TECHNOLOGY

Wireless network available:

Yes

Technological improvements made in the last three years:

A new computing laboratory (22 work stations) in the Management & Economics Library was opened, allowing library staff to more easily share their expertise with students doing textural searches and topical research. Adobe Connect (online collaboration software) was implemented, allowing all undergraduates access to online virtual meetings at no charge to the individual student. Instructional lab and classroom upgrades, a school wide LCD bulletin board messaging system, an audience response system to gauge learning and mastery of classroom topics; a podcasting system for lectures and course content; award winning remote access to major software packages. Students who bring their own laptop computers to campus will enjoy Purdue’s extensive wireless network. On-campus housing also offers high-speed Ethernet connections within student rooms and student living off campus can access the internet via their Purdue student account at no additional cost.

Trading laboratory available:

Alumni Affairs & Careers

ALUMNI

Total number of undergraduate business program graduates since inception:

24,491

Total living alumni:

23,527

Percent of alumni who gave, 2007-08 academic year:

13 %

Mean alumni gift 2007-08:

$ 1,218

Median alumni gift, 2007-08:

$ 100

Single donation in excess of $10 million in 2007-08?

Prominent alumni:

Name: Beth Brooke
Title: Global Vice Chair/Ernest & Young
Name: Gregory Hayes
Title: Senior Vice President and CFO, United Technologies Corp.
Name: Thomas Howatt
Title: CEO & President, Wausau Paper Corp.

CAREER SERVICES

Percent of 2008 graduates who provided employment information:

94 %

Seeking full-time employment in business: 88 %
Not Seeking full-time employment in business: 12 %

Number of companies recruiting undergraduate students on campus in previous academic year:

407

Companies that posted full-time job offers/positions on school job boards, previous academic year:

595

Other activities and services provided for business majors:

The center provides on-campus recruiting schedules (including fall and spring career fairs), resume assessment, special presentations on interviewing skills, and instruction on business etiquette. Its staff also teaches a course emphasizing academic planning, career exploration, and job-search strategies, including video-recorded 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.

Job offer results, 2008 graduates:

Received first job offer by graduation: na %
Received first job offer in three months following graduation: na %
Received first job offer more than 3 months after graduation: na %
Did not report having received a job offer: na %
Accepted first job offer by graduation: 74 %
Accepted first job offer in three months following graduation: 6 %
Accepted first job offer more than 3 months after graduation: 3 %
Did not report having accepted a job offer: 17 %

Top hiring firms:

Caterpillar
Ernst & Young
Target Corp.
Sears Holdings
Boeing Company
JPMorgan Chase & Co.
Deloitte Touche Tomatsu
Morgan Stanley

Crowe Horwath
Charles Schwab
EDS
ArcelorMittal
BKD, LLP
Otis Elevator Company
United States Air Force

Graduate compensation:

Mean base salary: $ 49,479
Median base salary: $ 49,000
Mean signing bonus: $ 4,252
Median signing bonus: $ 3,000
Mean other guaranteed compensation: $ 0
Median other guaranteed compensation: $ 0

Grads accepted jobs in following functional areas:

Consulting: 6 %
Finance/Accounting: 45 %
General Management: 8 %
Human Resources: 1 %
Management Information Systems: 7 %
Marketing/Sales: 9 %
Operations/Production: 6 %
Logistics/Transportation: 13 %
Other: 5 %

Grads accepted jobs in following industries:

Accounting: na %
Consumer Products/Retail: na %
Consulting Services: na %
Financial Services: na %
Government/Education: na %
Pharma/Biotech/Health: na %
Manufacturing: na %
Media/Entertainment: na %
Petroleum/Energy: na %
Real Estate: na %
Sports/Leisure: na %
Technology/Science: na %
Non-Profit: na %
Transportation: na %
Utilities: na %
Other: na %

Percentage of job acceptances, US and Canada:

US: 100 %
Canada: 0 %

Grads accepted jobs in the following US regions:

Northeast: 5 %
Mid-Atlantic: 6 %
Midwest: 77 %
South: 5 %
Southwest: 5 %
West: 3 %
US Possessions/Territories: 0 %

Number of companies recruiting interns on-campus, 2007-08 academic year:

150

Internship postings on job boards, previous academic year:

232

Top internship recruiters, 2007-08:

Caterpillar
Deloitte Touche Tomatsu
General Electric
Sears Holdings
General Motors
Target Corp.
Morgan Stanley

Dauby O'Connor & Zaleski, LLC
ALDI
Oshkosh Truck Corp.
Northwestern Mutual Financial Network
Abbott Laboratories
Purdue University
Defense Finance and Accounting Services (DFAS)
Katz, Sapper & Miller, LLP

Percentage of internships that were paid, previous academic year

95 %

Mean internship compensation per week:

$ 575

Median internship compensation per week:

$ 570

Average internship, in weeks:

Graduate Comments

Krannert makes the large university smaller, academic experience more challenging, and professional development more personal. I honestly believe I have received an education equivalent to or better than most private schools and do not for any reason wish I had attended a different university.

I just feel the school did not do enough to help international students find good jobs in the United States.

The opportunities to develop a marketable skill set is endless at Krannert. Students who actively seek out membership in student organizations and extra curricular activities are usually more successful in the school and there are over 800 different organizations to join at Purdue.

There are a huge number of group projects in every business course, although they recently removed the previously required teamwork course needed to graduate for incoming freshmen. They have made many attempts during my time in the program to increase the difficulty by changing course curriculums to more difficult material. I have felt like a number of my higher level management, accounting, and finance courses are taught with the idea that we are MBA students rather than undergraduates.

Professors make an effort to encourage teamwork by requiring that many projects, papers, and homework assignments are done in groups. However, teams are assigned arbitrarily and many members do not put in any effort, yet are still rewarded with the same grade as those students that work diligently. Roughly 1/5 of the professors are profoundly underwhelming.

I think more effort could be placed on helping students with job placement after graduation, especially with the current state of the economy. Trying to get an internship and/or a job is very difficult. More companies could be represented in the fairs.

I was drawn to Purdue not by any particular school but by their University Honors Program, which is a very small and competitive program across all majors at Purdue (less than 100 students accepted per year). This program has provided me with countless opportunities and benefits. I feel this program nurtures and challenges me just as much or more than any Ivy League school would (and I've taken summer classes at such schools). After my experiences thus far, I would rather be at Purdue for undergraduate education than at any other school. Boiler Up!

I have had access to so many successful alumni and alumni from other schools. The Purdue family is a strong one, I will be proud to be a graduate and to have a very highly valued degree. I could have attended the University of Southern California and been $100,000+ in debt. Instead I stayed home and kept my debts as low as possible. Purdue has opened many doors for me, I will give back in as many ways as I can as an alumni.

Purdue University is one of the biggest institutions in the nation. Because of that, Purdue alumni have the privilege to be apart of a great alumni network that pervades almost every industry in the world. That is something that is unquantifiable and such an advantage to grads.

Every business student I have met through Krannert can socialize and work cooperatively in a team whether it be on homework assignments, service projects, or class presentations. Krannert students also are skilled at public speaking, which we have learned from the curriculum in a wide variety of classes. Our business program also promotes its students to get involved. It is no wonder that many student organizations of all kinds are led by business students. Our program successfully brings out the best in our campus's leaders.

Classes taught by a few (not all) non-native English speaking professors in the business school are disappointing because the language barrier is distracting and dramatically reduces learning.

Some of the professors teach too many courses, causing them to be unfocused towards some of their courses. This causes the students to be unprepared. In addition, some of the TAs are not very good - there should be some type of training before the TAs are allowed to teach.

Classes are OK--I've had some outstanding professors, and some really bad TA's. Some classes we actually learn things that can apply to real-life; others, it seems like we do a lot of busywork to get a grade. Once you get into Upper Management (Jr/Sr's) the quality of classmates (and professors/TA's) improves drastically, and the courses seem to be a little easier; possibly because they are more focused? I think this is one of the better majors at Purdue. I learn a lot and got great job experience while being here, and I still have plenty of free time to hold a part time job, participate in many clubs/activities, and take "fun" classes, like Wine Appreciation or Horseback Riding.

The opportunities for case challenges, networking events, clubs and professional fraternities, developmental conferences and leadership forums are endless! I utilized plenty of each and am so grateful for the variety of which to choose from.