The Mitchell E. Daniels, Jr. School of Business (formerly known as Krannert School of Management) is the school of business at

Purdue University Purdue University is a public land-grant research university in West Lafayette, Indiana, and the flagship campus of the Purdue University system. The university was founded in 1869 after Lafayette businessman John Purdue donated land and money ...

, a

public In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociological concept of the ''Öffentlichkei ...

research university A research university or a research-intensive university is a university that is committed to research as a central part of its mission. They are the most important sites at which knowledge production occurs, along with "intergenerational kno ...

West Lafayette, Indiana West Lafayette () is a city in Wabash Township, Tippecanoe County, Indiana, United States, about northwest of the state capital of Indianapolis and southeast of Chicago. West Lafayette is directly across the Wabash River from its sister city, ...

. It offers instruction at the undergraduate, master's, and doctoral levels.

History

The School of Industrial Management at Purdue University was created in 1958 from the merger of the Department of Economics (established in the School of Science, Education, and Humanities in 1953) and the Department of Industrial Management and Transportation (part of the Schools of Engineering since 1956). The Krannert Graduate School of Industrial Administration was founded in 1962 with a $2.7 million

endowment Endowment most often refers to: *A term for human penis size It may also refer to: Finance *Financial endowment, pertaining to funds or property donated to institutions or individuals (e.g., college endowment) *Endowment mortgage, a mortgage to b ...

from Herman Krannert and

Ellnora Krannert Ellnora Decker Krannert (May 20, 1890 - July 6, 1974) was a philanthropist with a passion for the arts, drama, dance, and music. Ellnora was born in Noblesville, Indiana to Pheobe Katherine Spencer Decker and Philip Greene. She earned a bachelor's ...

. The

AACSB The Association to Advance Collegiate Schools of Business, also known as AACSB International, is an American professional organization. It was founded as the American Assembly of Collegiate Schools of Business in 1916 to provide accreditation to ...

accredited the new school in 1967. In the early years, students were required to pursue a second major, in a technical subject, in addition to their coursework in business and management. The curriculum expanded over the following decade and the word "Industrial" was dropped from the schools' names in the mid 1970s. On February 3, 2023, Purdue’s business school was formally renamed the Mitchell E. Daniels, Jr. School of Business, in honor of

Mitch Daniels Mitchell Elias Daniels Jr. (born April 7, 1949) is an American academic administrator, businessman, author, and retired politician. A Republican, Daniels served as the 49th governor of Indiana from 2005 to 2013. Since 2013, Daniels has been pr ...

, the 12th president of Purdue University. Purdue's business school is accredited by the AACSB.

Academics

The school currently has 20+ clubs and organizations open to undergraduates, including the School of Management Council (SMC). There are ~25 professional, cultural and special interest clubs at the graduate level.

Undergraduate: Bruce White Undergraduate Institute

On February 13, 2023, the Dean and Barbara White Family Foundation committed $50 million to Purdue University to name the undergraduate institute in the Mitchell E. Daniels, Jr. School of Business. The School of Business offers eight undergraduate degree programs. In keeping with the global scope of the modern manager, all programs include instruction in the international aspects of business and economics. The "3+2" program is available to outstanding undergraduates in the School of Business. The program allows students to complete their B.S. and

Master of Business Administration A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

(MBA) degrees in just five years.

Master's and executive: Krannert Graduate Institute

The Krannert Graduate Institute at the Daniels School of Business awards several master's degrees:

MBA A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

, EMBA, International Masters in Management, Master of Science in Human Resource Management,

Master of Science in Industrial Administration A Master of Science ( la, Magisterii Scientiae; abbreviated MS, M.S., MSc, M.Sc., SM, S.M., ScM or Sc.M.) is a master's degree in the field of science awarded by universities in many countries or a person holding such a degree. In contrast to ...

Master of Science in Finance Master or masters may refer to: Ranks or titles * Ascended master, a term used in the Theosophical religious tradition to refer to spiritually enlightened beings who in past incarnations were ordinary humans * Grandmaster (chess), National Maste ...

, Master of Science in Global Entrepreneurship, Master of Science in Global Supply Chain Management and a Weekend MBA. These programs are housed in

Rawls Hall Jerry S. Rawls Hall is a building on the Purdue University campus, Krannert School of Management. The building is named after Jerry S. Rawls, a Krannert alumnus, who donated $10 million toward its construction. Rawls was formerly the chief execu ...

. The school also offers a variety of joint programs with other colleges on campus including the combined

Doctor of Pharmacy A Doctor of Pharmacy (PharmD; New Latin: ''Pharmaciae Doctor'') is a professional doctorate in pharmacy. In some countries, it is a doctoral degree to practice the profession of pharmacy or to become a clinical pharmacist. In many countries the ...

(PharmD) and

(MSIA), the combined Bachelor of Science in Industrial Engineering (BSIE) and Master of Business Administration (

), and the combined Bachelor of Science in

Mechanical Engineering Mechanical engineering is the study of physical machines that may involve force and movement. It is an engineering branch that combines engineering physics and mathematics principles with materials science, to design, analyze, manufacture, and ...

(BSME) and Master of Business Administration (

) In 2020, despite tight alumni classes and a well respected curriculum the School of Business was forced to pause its full time residential MBA program.

Doctoral

The School of Business's Doctoral Programs offer students the opportunity to work closely with first-rate faculty in the areas of

Economics Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and intera ...

, Management (with concentrations in

Accounting Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "languag ...

Finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fina ...

Management Information Systems A management information system (MIS) is an information system used for decision-making, and for the coordination, control, analysis, and visualization of information in an organization. The study of the management information systems involves peop ...

Marketing Marketing is the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to emph ...

, Operations Management,

Quantitative Methods Quantitative research is a research strategy that focuses on quantifying the collection and analysis of data. It is formed from a deductive approach where emphasis is placed on the testing of theory, shaped by empiricist and positivist philosop ...

Management Science Management science (or managerial science) is a wide and interdisciplinary study of solving complex problems and making strategic decisions as it pertains to institutions, corporations, governments and other types of organizational entities. It is ...

, and

Strategic Management In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's managers on behalf of stakeholders, based on consideration of Resource management, resour ...

), and

Organizational Behavior & Human Resource Management Organizational behavior and human resources (OBHR) is a field of study housed in most business schools that has evolved from the overlap in offerings and objectives from courses taught in organizational behavior and human resource management. Org ...

(

OBHR Organizational behavior and human resources (OBHR) is a field of study housed in most business schools that has evolved from the overlap in offerings and objectives from courses taught in organizational behavior and human resource management. Org ...

). The School of Business's doctoral programs were ranked #23 in the world for 2009 and #25 for 2013 by ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...

''.

Department of Economics

The Department of Economics at Purdue University is located at Daniels School of Business and offers undergraduate, master's, and PhD in economics. The department has followig centers - Purdue Center for Economic Education, Purdue University Research Center in Economics, Purdue Center for Behavioral Economics, Experiments and Public Policy and also Vernon Smith Experimental Economics Laboratory.

Facilities

The school's facilities are located on the southeastern part of Purdue's West Lafayette campus near the

Purdue Memorial Union The Purdue Memorial Union (PMU) is a student union building located on the Purdue University campus in West Lafayette, Indiana, USA. It opened in 1924 as a memorial to the Purdue students who had fought in World War I. The building includes severa ...

. The majority of undergraduate classes are conducted in the Krannert Building, which opened in 1964.

is the home of all the classes in the Masters program. Rawls Hall houses 13 electronically equipped classrooms, a professional career center, a multimedia-based auditorium, 25 breakout rooms, distance learning facilities, and sophisticated computer labs. The building is named for business master's alum,

Jerry S. Rawls Jerry S. Rawls is an American businessman and philanthropist. He is the co-founder and chairman of Finisar. Biography Early life Jerry Rawls was born in Houston, Texas, and graduated from Bellaire High School in Houston in 1962. He earned hi ...

. Rawls, the president and chief executive officer of

Finisar Finisar Corporation is a manufacturer of optical communication components and subsystems. The company was founded in April 1987 by Frank Levinson and Jerry Rawls in Menlo Park, California. In November 1999, it went public via an initial public ...

Corp., donated $10 million to the Krannert at the Frontier Campaign. The gift was the largest in the school's history and one of the largest at Purdue. In recognition of his generosity, the Purdue Board of Trustees voted in 2000 to name the new facility Jerry S. Rawls Hall. The Jerry Rawls Hall was dedicated on October 2, 2003. In September 2022, Purdue announced a new state-of-the-art building that will be built to hold the increase in students and faculty with an estimated completion of 2026.

Alumni

* Sam Allen, retired chairman and chief executive officer for

Deere & Company Deere & Company, Trade name, doing business as John Deere (), is an American corporation that manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy e ...

* Susan Bulkeley Butler, founder and CEO of the SBB Institute, and first female partner of

Accenture Accenture plc is an Irish-American professional services company based in Dublin, specializing in information technology (IT) services and consulting. A ''Fortune'' Global 500 company, it reported revenues of $61.6 billion in 2022. Accentur ...

Drew Brees Drew Christopher Brees (; born January 15, 1979) is an American former football quarterback who played in the National Football League (NFL) for 20 seasons. A member of the New Orleans Saints for most of his career, Brees is the NFL leader in ...

, retired NFL quarterback for the

New Orleans Saints The New Orleans Saints are a professional American football team based in New Orleans. The Saints compete in the National Football League (NFL) as a member of the league's National Football Conference (NFC) South division. Since 1975, the te ...

Beth Brooke-Marciniak Beth Brooke-Marciniak (born 1959) is the Global Vice Chair of Public Policy for EY (Ernst & Young). She is also EY's global sponsor for Diversity and Inclusiveness and a prominent advocate for the benefits of inclusive leadership and growth. In 201 ...

, global vice chair of public policy for

Ernst & Young Ernst & Young Global Limited, trade name EY, is a multinational professional services partnership headquartered in London, England. EY is one of the largest professional services networks in the world. Along with Deloitte, KPMG and Pricewaterh ...

Doug DeVos Doug DeVos (born October 6, 1964) is an American businessman and sailor. He is co-chairman (with Steve Van Andel) of Amway, which was co-founded by their fathers. DeVos is the chairman of the executive committee of the National Constitutional C ...

, president of

Amway Amway (short for "American Way") is an American multi-level marketing (MLM) company that sells health, beauty, and home care products. The company was founded in 1959 by Jay Van Andel and Richard DeVos and is based in Ada, Michigan. Amway and it ...

* Joe Forehand, former chairman and CEO of

* Dave Fuente, chairman of SSA & Company * Greg Hayes, Chairman of

Raytheon Technologies Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitaliz ...

Robbie Hummel Robert John Hummel (born March 8, 1989) is an American former professional basketball player and current TV commentator. He played college basketball for Purdue University. He currently is a member of Princeton 3X3 on the FIBA 3x3 World Tour. On ...

, professional basketball player *

Howard Lance Howard L. Lance (born December 15, 1955, in East Peoria, Illinois) is founder and managing director since 2019 of Lance Advisors LLC, an advisory company focused on supporting institutional investors and private equity clients. On April 14, 2016, ...

, executive advisor at The Blackstone Group, former chairman, president, and CEO of

Harris Corporation Harris Corporation was an American technology company, defense contractor, and information technology services provider that produced wireless equipment, tactical radios, electronic systems, night vision equipment and both terrestrial and spaceb ...

* Marshall Larsen, retired chairman, president, and CEO at Goodrich * Jim Lewis, Senior Vice President of

Walt Disney World The Walt Disney World Resort, also called Walt Disney World or Disney World, is an entertainment resort complex in Bay Lake and Lake Buena Vista, Florida, United States, near the cities of Orlando and Kissimmee. Opened on October 1, 1971, th ...

Preston McAfee Randolph Preston McAfee (born July 7, 1956) is an American economist and distinguished scientist at Google. Previously, he served as chief economist at Microsoft. He has also served as an economist at Google, vice president and research fellow ...

, chief economist at

Microsoft Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washing ...

, co-founder and chairman of

* Marshall Larsen, former CEO and Chairman of

Goodrich Corporation The Goodrich Corporation, formerly the B.F. Goodrich Company, was an American manufacturing company based in Charlotte, North Carolina. Founded in Akron, Ohio in 1870 as Goodrich, Tew & Co. by Benjamin Goodrich, the company name was ch ...

Academia

* Hugo F. Sonnenschein (PhD 1964), 11th President of

University of Chicago The University of Chicago (UChicago, Chicago, U of C, or UChi) is a private research university in Chicago, Illinois. Its main campus is located in Chicago's Hyde Park neighborhood. The University of Chicago is consistently ranked among the b ...

* Cynthia A. Montgomery, Professor at

Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...

* Das Narayandas, Professor at

* James Cash Jr., Professor at

Michael Baye Michael Roy Baye (born April 6, 1958) is the "Bert Elwert" Professor of Business Economics in the Kelley School of Business at Indiana University. Education and profession Baye received his B.S. from Texas A&M University in 1980 and earned a Ph.D ...

, Professor at

Kelley School of Business The Kelley School of Business (KSB) is an undergraduate and graduate business school at Indiana University in Bloomington, Indiana and Indianapolis, Indiana, United States. , approximately 7,500 full-time undergraduate and graduate students are ...

* Jeffrey J. Reuer, Professor at

University of Colorado-Boulder The University of Colorado Boulder (CU Boulder, CU, or Colorado) is a public research university in Boulder, Colorado. Founded in 1876, five months before Colorado became a state, it is the flagship university of the University of Colorado syst ...

Toby Moskowitz Tobias Jacob "Toby" Moskowitz (born February 3, 1971) is an American financial economist and a professor at the Yale School of Management. He was the winner of the 2007 American Finance Association (AFA) Fischer Black Prize, awarded to a leadi ...

, Professor at the

Yale School of Management The Yale School of Management (also known as Yale SOM) is the graduate business school of Yale University, a private research university in New Haven, Connecticut. The school awards the Master of Business Administration (MBA), MBA for Executives ...

* Arthur VanCleve Hill, Professor at

University of Minnesota The University of Minnesota, formally the University of Minnesota, Twin Cities, (UMN Twin Cities, the U of M, or Minnesota) is a public university, public Land-grant university, land-grant research university in the Minneapolis–Saint Paul, Tw ...

* Anya Samek, Associate Professor at

University of California, San Diego The University of California, San Diego (UC San Diego or colloquially, UCSD) is a public university, public Land-grant university, land-grant research university in San Diego, California. Established in 1960 near the pre-existing Scripps Insti ...

* James McDonald, Professor at

Brigham Young University Brigham Young University (BYU, sometimes referred to colloquially as The Y) is a private research university in Provo, Utah. It was founded in 1875 by religious leader Brigham Young and is sponsored by the Church of Jesus Christ of Latter-day ...

Sherwin Rosen Sherwin Rosen (September 29, 1938 – March 17, 2001) was an American labor economist. He had ties with many American universities and academic institutions including the University of Chicago, the University of Rochester, Stanford University a ...

, Former Distinguished Service Professor in Economics at

* Arnold C. Cooper, management scholar

Armed Forces

* Keith A. Taylor, United States Coast Guard Rear Admiral *

Donald Rice Donald Blessing Rice (born June 4, 1939) is a California businessman and senior government official. He has been president and chief executive officer of several large companies including RAND Corporation, and has sat on numerous boards of direc ...

, 17th

United States Secretary of the Air Force The secretary of the Air Force, sometimes referred to as the secretary of the Department of the Air Force, (SecAF, or SAF/OS) is the head of the Department of the Air Force and the service secretary for the United States Air Force and United S ...

* Nelson F. Gibbs, former

Assistant Secretary of the Air Force Assistant Secretary of the Air Force is the title of five civilian officials in the United States Department of the Air Force. They report to and assist the United States Secretary of the Air Force and the United States Under Secretary of the Air ...

* Terry M. Cross,

United States Coast Guard The United States Coast Guard (USCG) is the maritime security, search and rescue, and law enforcement service branch of the United States Armed Forces and one of the country's eight uniformed services. The service is a maritime, military, mult ...

Vice Admiral

Politics and government

Joe Barton Joseph Linus Barton (born September 15, 1949) is an American politician who represented in the U.S. House of Representatives from 1985 to 2019. The district included Arlington, part of Fort Worth, and several small towns and rural areas south ...

, former Member of the U.S. House of Representatives * Matt Hostettler, Member of the Indiana House of Representatives *

Curt Clawson Curtis Jay Clawson (born September 28, 1959) is an American politician who served as the United States representative for Florida's 19th congressional district from 2014 to 2017. He is the former chief executive of Hayes Lemmerz, a Michigan-based ...

, former Member of the U.S. House of Representatives

Films and others

Dulquer Salmaan Dulquer Salmaan (born 28 July 1986) is an Indian actor, playback singer and film producer who predominantly works in Malayalam and Tamil films, in addition to Telugu and Hindi films. He graduated with a bachelor's degree in business management ...

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

n film

actor An actor or actress is a person who portrays a character in a performance. The actor performs "in the flesh" in the traditional medium of the theatre or in modern media such as film, radio, and television. The analogous Greek term is (), li ...

Ted Allen Edward Reese Allen (born May 20, 1965) is an American author and television personality. He was the food and wine connoisseur on the Bravo network's television program '' Queer Eye'', and has been the host of the TV cooking competition series '' ...

, author

Faculty

David Malpass David Robert Malpass (born March 8, 1956) is an American economic analyst and former government official serving as President of the World Bank Group since 2019. Malpass previously served as Under Secretary of the Treasury for International Affa ...

, 13th

President of the World Bank Group The president of the World Bank Group is the head of World Bank Group. The president is responsible for chairing the meetings of the boards of directors and for overall management of the World Bank Group. Traditionally, the World Bank Group presid ...

Jeffrey M. Lacker Jeffrey M. Lacker (born September 27, 1955) is an American economist and was president of the Federal Reserve Bank of Richmond until April 4, 2017. He is now a Distinguished Professor in thDepartment of Economicsat the Virginia Commonwealth Unive ...

, Former President of the

Federal Reserve Bank of Richmond The Federal Reserve Bank of Richmond is the headquarters of the Fifth District of the Federal Reserve located in Richmond, Virginia. It covers the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia ...

Vernon L. Smith Vernon Lomax Smith (born January 1, 1927) is an American economist and professor of business economics and law at Chapman University. He was formerly a professor of economics at the University of Arizona, professor of economics and law at Georg ...

Nobel Prize The Nobel Prizes ( ; sv, Nobelpriset ; no, Nobelprisen ) are five separate prizes that, according to Alfred Nobel's will of 1895, are awarded to "those who, during the preceding year, have conferred the greatest benefit to humankind." Alfr ...

in Economics (2002)

References

{{authority control Business schools in Indiana Purdue University Universities and colleges established in 1962 The Washington Campus 1962 establishments in Indiana