The Krannert School of Management is the school of management 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. Today, the Krannert name refers to both the undergraduate and post-graduate programs. Krannert is accredited by the AACSB.

Academics

The school currently has nearly 20 clubs and organizations open to undergraduates, including the School of Management Council (SMC). There are some 25 professional, cultural and special interest clubs at the graduate level, including the Krannert Graduate Student Association (KGSA) and the Krannert Doctoral Student Association (KDSA).

Undergraduate

The School of Management 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 Management. 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 & Executive

Krannert 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 Krannert School of Management was forced to pause its full time residential MBA program.

Doctoral

The Krannert 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 ...

). Krannert's doctoral programs were ranked #23 in the world for 2009 and #25 for 2013{{cite web, url=http://rankings.ft.com/businessschoolrankings/purdue-university-krannert/global-mba-ranking-2013#global-mba-ranking-2013, title=Business school rankings from the Financial Times - FT.com, website=rankings.ft.com 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 ...

''.

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 Krannert 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 is the largest in Krannert 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 Krannert facility Jerry S. Rawls Hall. The Jerry Rawls Hall was dedicated on October 2, 2003.

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 ...

, NFL quarterback for the

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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, CEO and chair of

United Technologies United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. It researched, developed, and manufactured products in numerous areas, including aircraft engines, aerospace systems ...

;

Business Roundtable The Business Roundtable (BRT) is a nonprofit lobbyist association based in Washington, D.C. whose members are chief executive officers of major United States companies. Unlike the U.S. Chamber of Commerce, whose members are entire businesses, BRT ...

member *

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

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, retired chairman, president, and CEO at Goodrich *

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, 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

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 ...

, former secretary of the Air Force and California businessman *

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 ...

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n film

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References

{{Reflist {{PU {{authority control {{DEFAULTSORT:Krannert School Of Management Business schools in Indiana Purdue University Educational institutions established in 1962 The Washington Campus 1962 establishments in Indiana