Logo-stateuniv-h55

Home » Purdue University-Main Campus

Rawls Hall, Suite 2020, 100 S. Grant Street
West Lafayette, IN 47907-2076
p. (765) 494-0773
f. (765) 494-9841

Krannert Graduate School of Management

Krannert Graduate School of Management Rating: 5.0/5 (1 votes)

Academics

The Krannert offers the Master of Business Administration-Full-time (MBA), Master of Business Administration-Executive (MBA), Master of Business Administration-International Master of Management (MBA), Master of Business Administration-Weekend (MBA), Master of Science in Industrial Admistration (MSIA), Master of Science in Human Resource Management (MSHRM), Master of Science in Industrial Administration (MSIA), and Master of Business Administration-International Management (MBA-IM) as well as a doctoral program in economics, management, and organizational behavior and human resource management, and a joint degree in Pharm- D/MSIA. Other programs include a 3-2 degree with the Purdue University School of Management and the Purdue College of Engineering undergraduate program, foreign exchange with 4 countries, and summer internship opportunities, which enable 2-year master’s students to earn a salary while gaining first-hand business experience. The strongest areas of study are corporate finance, entrepreneurship, human resource management, marketing, and operations and supply chain management. The most popular courses are Financial Management, Marketing, Strategic Management, Operations, and OBHR. Regular programs bring distinguished speakers and visiting professors to campus. Executive Forums held each Friday bring corporate chief executive officers or leaders from other institutions to the Krannert School for lectures and interaction with students.

Sixty total credits are required to complete the MBA, including 25 elective credits. Required courses include:

  • Microeconomics/Macroeconomics
  • Financial Accounting/Managerial Accounting
  • Financial Management I and II
  • Marketing Management I and II
  • Quantitative Methods I and II
  • Strategic Management I and II
  • Operations Management I and II
  • Organizational Behavior/Human Resource Mangement
  • Management Information Systems I and II
  • Managerial Communications I and II
  • Business Law

Required courses for the MSIA include:

  • Microeconomics/Macroeconomics
  • Financial Accounting/Managerial Accounting
  • Financial Management I and II
  • Marketing Management I and II
  • Quantitative Methods I and II
  • Strategic Management I and II
  • Operations Management I and II
  • Organizational Behavior/Human Resource Management
  • Management Information Systems
  • Managerial Communications I and II
  • Business Law

Required courses for the MSHRM include:

  • Quantitative Methods/Statistics I and II
  • Financial Accounting
  • Operations Management I
  • Organizational Behavior/Human Resource Management
  • Financial Management I
  • Strategic Management l and II
  • Managerial Communication I and II
  • Industrial Relations I and II
  • Marketing Management I
  • Human Resource Systems
  • Staffing Tools
  • Information Systems I and II
  • Staffing Systems
  • Compensation and Reward Systems I and II
  • Advanced Labor Economics
  • Business Law

Business students may take relevant nonbusiness courses in other departments. The minimum time permitted to complete the master’s degree program attending full time is 1 year; maximum, 2 years. For students attending part time, the minimum is 2 years; maximum, 3 years.

There are 109 total full-time graduate business faculty, of whom 99% hold a doctorate; there are 2 part-time faculty, both of whom hold a doctorate. Faculty salaries are rated above average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 4; average business class size is 48.

Admissions

A bachelor’s degree is required. Most important admissions factors are GMAT results, work experience, and academic accomplishments and ability. A strong mathematics background is not required.

The number of applicants for the 2006-2007 class was 926; 442 were accepted; 206 enrolled. The average GPA was 3.3; average GMAT score was 661. Transfers are not accepted. Minority students are actively recruited by the school, which offers Management Leadership for Tomorrow (MLT) and the Business Opportunity Program.

Students may begin the MBA program in the fall only. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $55, and 2 letters of recommendation. The application deadline is May 15 for fall entry. Students are notified 4 to 6 weeks after the completed application is submitted of the admissions decision. Once accepted, students may defer admission for up to 2 years, subject to approval.

Financial Aid

About 81% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total maximum of $43,664. Stipends and programs available for minority students include through the Business Opportunity Program and Graduate School Minority Scholarships. The FAFSA is required. Check with the school for current application deadlines.

Tuition for in-state residents is $14,880 per year. Nonresidents pay $29,614 per year. On-campus room and board costs approximately $6071; books and supplies, $2150; personal expenses, $3100; and other fees, $396, for an estimated annual total of $26,597 for in-state residents and $41,331 for out-of-state residents. Graduate student housing is readily available in on-campus facilities but should be sought early. There is a referral service to help procure off-campus housing.

Students

Eighty-six percent of the current graduate business school class are enrolled full time; 85% have had an average of 4 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students are from the Midwest (35%). Eighteen percent are women, 20% are minorities, and 34% are foreign nationals. The average age at entrance is 28; ages range from 20 to 47. Ten percent enter directly from undergraduate school; 15% already have a graduate degree. Students’ undergraduate majors were as follows: 27%, engineering; 26%, business; 22%, math and science; 11%, social sciences; 9%, economics; 3%, technology; and 2%, liberal arts. In 2006, 174 graduate business degrees were awarded.

This website and its associated pages are not affiliated with, endorsed by, or sponsored by this school.
StateUniversity.com has no official or unofficial affiliation with Krannert Graduate School of Management.