Krannert program ranks seventh
in nation
By Laura Pelner
Campus
Editor
Forbes Magazine ranked the Krannert School of Management
Master's of Business Administration program seventh among all regional
schools and reported that graduates of the program had a salary gain
of 80 percent over a five-year period immediately following graduation.
The magazine reported that 1996 Purdue MBA graduates
earned an average of $33,000 when they entered the MBA program and in
2000 had average salaries of $106,000.
Chuck Johnson, director of the Krannert professional
MBA program, said Forbes measured salary growth and career progression.
He said the data and rankings are reinforcement that Purdue's MBA program
is successful.
"There's really good things to be said there in
terms of the value of the program, the success our graduates are having,"
Johnson said. "It really speaks well when students are looking at schools
they want to go to."
Johnson said he believes the MBA program offers
a good value and he's glad Purdue graduates are succeeding in their
careers.
"This is more of a positive statement about their
work, their efforts in the things they do," Johnson said. "Hopefully
we've had a part in helping that."
Richard Cosier, dean of the Krannert School, said
he is also pleased that the school was ranked so highly.
"This particular survey appears to be based largely
on the propensity of a graduate to increase their salary based on attending
a particular program," Cosier said. "We're a fairly good buy for a lot
of students."
He said Purdue's tuition for those in the MBA program
is lower than many of its competitors.
"I think the (rankings) show we're a high-value
MBA program," said Cosier. "You get a lot of return for your investment."
In addition to ranking Purdue's MBA program seventh,
the company ranked Indiana University's Kelley School MBA program 23rd
nationally for graduates' salary increases over a five-year period.
Notre Dame's Mendoza School was not ranked.
Krannert's MBA program has recently been ranked
high by other institutions as well. Business Week ranked the program
25th overall, The Wall Street Journal ranked it sixth overall, U.S.
News and World Report ranked it 23rd overall and Financial Times.com
ranked it 42nd in the world and 28th in the United States.
Johnson said all of these rankings measure different
aspects of the program and they're all great to have. For example, he
said job recruiters did the Wall Street Journal's ranking and they ranked
the program in the top 10.
"It's very gratifying because when companies come
to campus, these are the graduates they really like," Johnson said.
|
