Last modified: Friday, March 9, 2007
'Business Week' again counts IU's Kelley School of Business as among the elite
FOR IMMEDIATE RELEASE
March 9, 2007
BLOOMINGTON, Ind. -- Indiana University's Kelley School of Business continues to have two quality programs considered among the nation's best by Business Week, after the magazine Thursday announced its rankings of undergraduate programs.
Both the school's undergraduate and MBA programs are now ranked 18th overall, according to Business Week, which announced its second ranking of the top 50 undergraduate business programs through a Web-cast late Thursday (March 8).
Kelley ranked second among Big Ten schools and sixth among all public universities. The magazine reported that only 10 universities -- public and private -- provided a higher salary return for its tuition investment.
Its grade for teaching quality went from an A to A-plus and Kelley retained its A-plus grade in job placement and an A for facilities and services.
"Undergrad facilities need improvement, but grads say job placement is top-notch and professors are passionate and willing to go the extra mile," the magazine said of Kelley.
In addition to rating programs for business majors, Business Week touted the popularity of Kelley to IU students pursuing a minor in business. The magazine reported that the number of students pursuing a minor in business has been climbing rapidly in recent years -- as much as 20 percent at schools such as IU, where 1,500 students are currently declared as business minors.
M.A. Venkataramanan, chair of undergraduate programs in the Kelley School and Lawrence D. Glaubinger, professor of business administration, told the magazine, "Students understand the value of a business background, and parents like it because their children are able to find a good job when they graduate. Everyone wins."
Venkataramanan noted that more than 400 companies came to campus this year and another 400 companies listed with Kelley for students to apply for jobs.
"We had more than 12,000 interviews, and our starting salary is 8 percent above the national average," he said. "Eighty-two percent of our students have been placed in jobs before graduation and 88 percent within three months of graduation, while another 8 percent pursued further higher education. Ninety-eight percent of our students leave with a degree."
"There are over 3,000 colleges and universities in the United States that offer business programs," added Daniel C. Smith, dean of the Kelley School. "To be among the top 20 overall, sixth among public universities and second in the Big Ten places us among the nation's elite. While the rankings certainly matter, our primary focus is on providing our students with a world class educational experience and a wide range of career opportunities. On these central aspects of our mission, we are as good as it gets."
Kelley's undergraduate program was ranked 10th a year ago. Several private schools saw improvement in this year's rankings. There were 14 percent fewer public programs in this year's top 20 schools. The University of Notre Dame's Mendoza College of Business, a private school, was ranked seventh and was the only other Indiana school included in Business Week's undergraduate rankings this year.