Purdue University’s Krannert School of Management landed at the 42nd spot in this year’s rankings, making the leap from last year’s 89th ranking. Last year’s ranking was due to Krannert not meeting the minimum alumni response rate and this year’s rank resembles more where the school should actually. Krannert had an acceptance rate of 71.35%, a significant increase from last year’s 58%. Although the average SAT score stayed relatively steady at 1277, just six points lower than last year.
Employment wise, Krannert performed very well despite the COVID-19 economic downturn.
Some 92% of the Class of 2020 landed a business-focused internship before graduating, a 1% increase from last year. Some 93.86% secured full-time employment within three months of graduation, just 1.05% less than last year.
Much of the success of Krannert can be attributed to the B-school’s integrated degree offerings and strong emphasis on learning through real-world, hands-on experience.
KRANNERT DEGREE OFFERINGS
Krannert students can choose from a variety of majors including: General Management, Industrial Management, Accounting, Economics, Marketing, Finance, and Supply Chain, Information, and Analytics. Krannert recently made a change to Non-STEM degree offerings by reducing the number of calculus requirements and placing greater emphasis on data analytics.
Beginning in Fall 2021, the Industrial Management program will be replaced by the Integrated Business and Engineering (IBE) program. The new program, which is in partnership with Purdue’s College of Engineering, will give students a truly integrated hybrid degree that incorporates basic engineering, basic management and project courses that emphasize real-world application and teamwork collaboration. Students will be selected for the program on the basis of their interest in interdisciplinary work. Additionally, IBE students will have access to select seminars that feature the latest in engineering and management practices.
IBE is a program that is unique to Krannert’s offering as a B-school. By leveraging the prestige of Purdue’s College of Engineering, Krannert offers students interested in both business and engineering a truly integrated degree that is likely to impress future employers.
REAL-WORLD, HANDS-ON LEARNING
A majority of the degree offerings at Krannert incorporate opportunities for students to get real-world, hands-on project experience. For instance, the “Mergers & Acquisitions” course gives students an in-depth view of the major aspects of merger and acquisition transactions from deal strategy and deal analysis to deal design. The course is designed around readings and case study analysis with a core final project component that includes a detailed analysis of a merger.
“I believe this project has prepared me for the success in my interviews with brokerages and Investment banks,” one 2018 alumni said in regards to the Mergers & Acquisitions valuation project.
Many B-schools require students to work on projects that emphasize real-world, hands-on learning. But, at Krannert, these experiences go beyond just required course projects. One 2018 alumni recalled the strong support of Krannert faculty in helping the alumni to start a business.
“I was able to engage with different professors, from distinctly different disciplines within business each year at Purdue,” the 2018 alumni told us. “Most notably, a professor offered to walk me through the steps of founding my first business. He patiently spent more time with me than I could ever afford, and in the process, he introduced me to other professors at Krannert who made a dream a reality. His course content directly led not only to the idea, but also to so many wonderful tangents.”
These types of experiences and the variety of opportunities to gain hands-on, real-world experience are what make the Krannert education unique. Many alumni reported unique opportunities to apply their business knowledge and gain real world experience.
“We got to participate in helping small businesses solve real life problems,” another 2018 alumni said. “This has allowed us to observe how improving a small aspect of a business can be essential in ensuring the smoothness of an overall operation.”
“Throughout my business school experience, there were countless opportunities to participate in group projects, presentations, case studies, simulations, etc.,” another 2018 alumni said. “I had the opportunity to participate in many of these opportunities and I felt that these experiences were what prepared me best for ‘real world’ work experience.”
Overall, the Krannert School of Management is best characterized by its truly integrated business degree offerings and variety of opportunities for students to engage in hands-on, real-world learning. The program is best suited for students not too keen on studying just “one” field, but rather exploring all facets that the world of business has to offer.
“Capstone projects were pivotal in the application of knowledge gained throughout my education.”
“Internship study abroad in London. Allowed me to gain business experience in an international setting and helped me get an International Business concentration.”
“I was involved in case competitions that I believe helped my growth both as an individual and a business student.”
Where The Class of 2020 Went To Work:
- Amazon – 13
- Crowe – 10
- EY – 10
- BKD – 7
- Oracle – 7
- PepsiCo – 7
- PwC – 6
- Accenture – 5
- Eli Lilly – 5
- Microsoft – 3