Last modified: Friday, March 5, 2010
IU's Kelley School of Business moves up one place in 'Business Week' rankings to 19th
FOR IMMEDIATE RELEASE
March 5, 2010
BLOOMINGTON, Ind. -- Indiana University's Kelley School of Business moved up one spot to 19th in Bloomberg Business Week magazine's new evaluations of undergraduate business programs, and remains second among Big Ten schools and seventh among such programs at public universities.
Bloomberg Business Week announced its fifth ranking of undergraduate business programs through a Webcast late Thursday (March 4). Kelley's undergraduate program has always been among the magazine's top 20 throughout the history of the survey.
Kelley maintained its "A" grade for its career services operations and also received an "A" grade for teaching quality.
"We track a wide range of internal metrics related to our core mission of research, teaching and outreach. Students tell us that they are very satisfied by the quality of the education they are receiving, even as they look at the challenges provided by this tough economy," said Kelley School Dean Dan Smith.
"Media rankings are just one measure that parents and prospective students use when narrowing the schools they consider, but we are proud to have consistently been seen in them as among the nation's elite," he added. "There are more than 3,000 colleges and universities that grant business degrees. According to this ranking, we remain among the elite 1 percent in the nation," Smith added.
Kelley continues to see improvement in the average SAT scores for students entering the school and the teaching resources available for them. Smith noted that there was a 26-point increase in average SAT scores and that the student-faculty ratio improved to 21.8 to 1.
In this tough economy, the school continues to place 90 percent of students in jobs shortly after graduation. Median starting salaries held the line at $51,000.
Overall, among all 27,317 college seniors at 111 schools that participated in the survey, only 38 percent indicated in January that they had a job offer in hand. That figure is down from 46 percent in 2009 and 56 percent in 2008.
The publication quoted one Kelley student as saying, "From the first day, your focus is on getting a job. Every single thing we do is preparing us for interviewing and getting a job. It makes life extremely stressful, but it really motivated me to figure out exactly what I wanted to do -- and to make it happen."
In its most recent ranking of MBA programs, in 2008, Bloomberg Business Week also ranked Kelley's MBA program 15th.
More information about the rankings is available online at http://www.businessweek.com/magazine/toc/10_11/B4170best_undergrad_bschools.htm.