The Kelley School of Business (KSB) is an undergraduate and graduate

business school A business school is a university-level institution that confers degrees in business administration or management. A business school may also be referred to as school of management, management school, school of business administration, or ...

Indiana University Indiana University (IU) is a system of public universities in the U.S. state of Indiana. Campuses Indiana University has two core campuses, five regional campuses, and two regional centers under the administration of IUPUI. *Indiana Universi ...

Bloomington, Indiana Bloomington is a city in and the county seat of Monroe County in the central region of the U.S. state of Indiana. It is the seventh-largest city in Indiana and the fourth-largest outside the Indianapolis metropolitan area. According to the Mo ...

and

Indianapolis, Indiana Indianapolis (), colloquially known as Indy, is the state capital and most populous city of the U.S. state of Indiana and the seat of Marion County. According to the U.S. Census Bureau, the consolidated population of Indianapolis and Mar ...

, United States. , approximately 7,500 full-time undergraduate and graduate students are enrolled on its Bloomington campus, as well as 1,740 students at the

Indianapolis Indianapolis (), colloquially known as Indy, is the state capital and most populous city of the U.S. state of Indiana and the seat of Marion County. According to the U.S. Census Bureau, the consolidated population of Indianapolis and Marion ...

campus. In addition, more than 800 students study for graduate degrees through the school's online MBA and MS programs through "Kelley Direct".

History

The school was established as "School of Commerce and Finance" of Indiana University in 1920. It was subsequently renamed "School of Business Administration" in 1933 and "School of Business" in 1938. In 1997, it was named "Kelley School of Business" after its alumnus

E.W. Kelley Estel Wood "Ed" Kelley (1917–2003) is considered the "modern-day" founder of Steak 'n Shake, a chain of sit-down, old-fashioned style restaurants known for their Steakburgers and hand-dipped milkshakes. In 1981, E. W. Kelley & Associates, a ...

, chairman of the

Steak n Shake Steak 'n Shake Operations, Inc. (Trade name, doing business as Steak 'n Shake) is an American casual restaurant chain concentrated primarily in the Midwestern United States with locations also in the Southern United States, South, Mid-Atlantic U ...

Company, who had given a donation of $23 million. Initially, it was housed in the Commerce Building constructed in 1923 (William A. Rawles Hall since 1971), moving to the Business and Economics Building in 1940 (called Woodburn Hall since 1971), and finally to today's Business School building in 1966. Although classes had been held in Indianapolis since 1961, it wasn't until the fall of 1974 that the Kelley School of Business officially expanded to Indianapolis. It resides in the Business/Spea building on the IUPUI campus. During the expansion, it was said that the Kelley School of Business is "one school, one faculty, one curriculum in two locations". The dean's office is located on the Bloomington campus, but two positions, Executive Associate Dean - Indianapolis and Associate Dean of Indianapolis Research and Programs, were created to lead the Kelley School of Business curriculum, faculty and programs at IUPUI. Completed in 2003, the $33 million Graduate and Executive Education Center provides facilities to the Kelley School's graduate and executive education students. In 2003, the Kelley School partnered with the

Scotts Miracle-Gro Company The Scotts Miracle-Gro Company is an American multinational corporation headquartered in Marysville, Ohio, where O.M. Scott began selling lawn seed in 1868. The company manufactures and sells consumer lawn, garden and pest control products, an ...

to launch Bloomington Brands, a unique

brand management In marketing, brand management begins with an analysis on how a brand is currently perceived in the market, proceeds to planning how the brand should be perceived if it is to achieve its objectives and continues with ensuring that the brand is pe ...

work-study program for both undergraduates and MBA students. Participating students manage the Osmocote Plant Food brand under contract from Scotts. Bob Stohler, a former Scotts executive, instructs and oversees the students. Students manage all marketing variables for the Osmocote brand, including the selection of product formulas, sizes, packages, and

pricing Pricing is the process whereby a business sets the price at which it will sell its products and services, and may be part of the business's marketing plan. In setting prices, the business will take into account the price at which it could acq ...

, as well as the development of marketing strategy,

advertising Advertising is the practice and techniques employed to bring attention to a product or service. Advertising aims to put a product or service in the spotlight in hopes of drawing it attention from consumers. It is typically used to promote a ...

, media purchase and selection, promotional activities, and consumer research. Brands students work closely with multiple business functions at Scotts. In the summer of 2005, interim Dean Dan Smith was appointed to be the new dean of the school, replacing Dean Dan Dalton who stepped down in 2004. In a ceremony on October 21, 2005, the Kelley School renamed its Graduate and Executive Education Center in honor of William J. Godfrey, an alumnus and successful businessman who had bequeathed land valued at $25 million. On March 30, 2012, the Kelley School renamed its Undergraduate Building Hodge Hall in honor of James R. Hodge who had given $15 million to help renovate and expand the facility. The $60 million expansion and renovation of Hodge Hall broke ground in May 2012 and opened in the fall of 2014. The Eli Lilly Foundation donated a substantial amount as well. In June 2012, Dan Smith stepped down as dean of the school after serving as dean for seven years to take a new position as president and CEO of the Indiana University Foundation. On May 9, 2013, interim dean Idalene Kesner was announced as the new dean of the school. Kesner is the first woman to serve as dean

Rankings

Undergraduate School

The Kelley School of Business undergraduate program has been ranked in the top 200 in the nation for over fifteen years and in the top 10 in the last six, across various publications. In its most recent ranking,

Bloomberg Businessweek ''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City ...

ranked the Kelley School of Business 1st among public business schools. Overall, it was ranked the 4th in the nation for its undergraduate B.S. in Business out of more than 100 of the top business schools in America. In 2015, Kelley was also ranked 4th. The 2016 ranking for "Best Undergraduate Business Schools" by Poets & Quants ranked the Kelley School of Business 7th in the nation and 2nd among public schools. Kelley is also ranked 2nd in academic excellence. In 2017, Poets & Quants ranks Kelley 6th in the nation, and 2nd in terms of employment. It lists an acceptance rate of around 37% and an average ACT and SAT of 30 and 1370 respectively. The Kelley School of Business is ranked 10th overall for its Undergraduate Business Program according to '' U.S. News & World Report''. In a 2016 survey of over 1,000 recruiters by

, the undergraduate school was ranked 4th in the nation, 1st among public universities. Kelley also ranked No. 1 as the school ‘Most Recommended by Alumni’ and ‘Best Career Advising” by Poets and Quants. In 2019, ''U.S. News'' ranked these undergraduate programs within the top 15 in the nation: * Accounting: 8th * Entrepreneurship: 3rd * Finance: 7th * Management: 6th * Management Information Systems: 6th * Marketing: 7th * Production/Operations Management: 13th * Quantitative Analysis: 11th * Real Estate: 12th As of late 2017, 10 business concentrations have been ranked in the Top 20. The undergraduate Entrepreneurship & Corporate Innovation major has been ranked 1st among public universities for the last 9 consecutive years.

Graduate school

In 2021, the Kelley MBA was ranked No. 26 by ''

''. In 2021, the Kelley Online MBA was ranked No. 1 by '' Poets & Quants''. and #3 by ''

US News ''U.S. News & World Report'' (USNWR) is an American media company that publishes news, consumer advice, rankings, and analysis. It was launched in 1948 as the merger of domestic-focused weekly newspaper ''U.S. News'' and international-focused ...

''. In 2017,

The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Eco ...

ranked the Kelley

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) program #22 in the world (17th in the U.S.). The Kelley MBA was ranked 16th by ''

Business Week ''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City ...

'' in 2014; it was ranked fifth for regional MBA programs by the ''

Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

'' in 2007. Poets & Quants ranked Kelley's MBA program 5th in the nation in producing Fortune 500 CEOs. ''

'' ranked its full-time MBA program at No. 15 in the 2012 edition, and at No. 4 among all

public universities A public university or public college is a university or college that is in owned by the state or receives significant public funds through a national or subnational government, as opposed to a private university. Whether a national university ...

. US News & World Report ranks the Kelley MBA 22nd in the nation, 7th among public business schools. Kelley's top-ranked MBA program for full-time residential students has been cited in ''Business Week'' as one of the favorites of corporate recruiters looking for general managers, marketing talent, and finance graduates. The 2017 U.S. News & World Report ranks Kelley's Online Graduate Business Program #1 in the nation, and the online MBA #3. Teaching quality in core classes has been ranked No. 1 in the nation by both the ''Princeton Review'' and ''Businessweek''. The school's doctoral program has contributed to overall teaching and research by sending more than 1,000 doctoral graduates to key positions in industry and academe. The Graduate Entrepreneurship concentration has been ranked 1st for 3 consecutive years. In the 2010 QS Global 200 Business Schools Report the school was indexed as the 24th best business school in North America.

Fortune Small Business ''Fortune Small Business'' (''FSB'') was an American magazine published 10 times per year from 1991 to 2009. It was a joint venture by The Fortune Group at Time Inc. and the American Express Small Business Services. It was delivered to 1 million ...

magazine listed Kelley's MBA and undergraduate programs in entrepreneurship #1 among all public universities in the nation in 2009. A 2017 report by Crist, Kolder Associates listed Indiana University 5th in producing current

Fortune 500 The ''Fortune'' 500 is an annual list compiled and published by ''Fortune (magazine), Fortune'' magazine that ranks 500 of the largest United States Joint-stock company#Closely held corporations and publicly traded corporations, corporations by ...

CEOs and 1st in producing Fortune 500 CFOs among public institutions. The Kelley School of Business is among the elite 25 percent of business programs internationally accredited by the AACSB International — The Association to Advance Collegiate Schools of Business. Kelley is also one of only 180 institutions accredited by the AACSB in Accounting.

Academics

The Business/SPEA Information Commons on the Bloomington campus serves the research and study needs of students and faculty of both the Kelley School of Business and Indiana University's School of Public and Environmental Affairs.

The Godfrey Graduate and Executive Education Center

The Godfrey Center has of classroom and office space for use by graduate students, corporate recruiters, executive visitors, and administrators. It houses administrative offices for the Master of Business Administration program, Kelley Executive Partners, Kelley Direct, the Johnson Center for Entrepreneurship and Innovation, and graduate accounting, finance, and information systems programs. The Kelley School renamed its Graduate and Executive Education Center in honor of William J. Godfrey, an alumnus and successful businessman who has bequeathed land valued at $25 million. The building features classrooms and other facilities that maximize student-faculty interaction in a collaborative setting. The most wired building on the Bloomington campus, it features both direct and wireless connectivity that help students both inside and outside the classroom. ''The Princeton Review'' recently ranked Kelley's quality of facilities as #2 in the nation.

Notable alumni

Klaus Agthe Klaus Erich Agthe (born August 12, 1930 in Niederholzhausen, Province of Saxony, Prussia, Germany) is a German-born businessman and author. Childhood and education Klaus Agthe grew up in Apolda in the province of Thuringia, Germany, went to sc ...

, former chairman of the board and CEO of

ASEA Brown Boveri ABB Ltd. is a Swedish-Swiss multinational corporation headquartered in Zürich, Switzerland. The company was formed in 1988 when Sweden's Allmänna Svenska Elektriska Aktiebolaget (ASEA) and Switzerland's Brown, Boveri & Cie merged to cre ...

* Evan Bayh, former United States Senator from Indiana *

Steve Bellamy Steve Bellamy is an entrepreneur in sports and entertainment known for the founding of niche cable television networks, including the Tennis Channel, The Surf Channel, The Skate Channel and The Ski Channel. He is also a writer/director/producer of ...

, founder of The

Tennis Channel Tennis Channel is an American sports-oriented digital cable and satellite television network owned by the Sinclair Television Group subsidiary of the Sinclair Broadcast Group. It is devoted to events and other programming related to the game o ...

and

Kodak The Eastman Kodak Company (referred to simply as Kodak ) is an American public company that produces various products related to its historic basis in analogue photography. The company is headquartered in Rochester, New York, and is incorpor ...

President of Motion Picture and Entertainment * John Chambers, president and chief executive officer (CEO) of

Cisco Systems Cisco Systems, Inc., commonly known as Cisco, is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, ...

* Joe Clayton, former chairman of the board of

Sirius Satellite Radio Sirius Satellite Radio was a satellite radio (SDARS) and online radio service operating in North America, owned by Sirius XM Holdings. Headquartered in New York City, with smaller studios in Los Angeles and Memphis, Sirius was officially lau ...

Mark Cuban Mark Cuban (born July 31, 1958) is an American billionaire entrepreneur, television personality, and media proprietor whose net worth is an estimated $4.8 billion, according to ''Forbes'', and ranked No. 177 on the 2020 ''Forbes'' 400 list ...

, billionaire and owner of the

Dallas Mavericks The Dallas Mavericks (often referred to as the Mavs) are an American professional basketball team based in Dallas. The Mavericks compete in the National Basketball Association (NBA) as a member of the Western Conference Southwest Division. Th ...

Scott Dorsey Scott Dorsey (born July 1, 1967) is an American entrepreneur, investor, and startup advisor. He is a co-founder and managing partner at High Alpha, a venture studio that conceives, launches and scales enterprise technology companies. In late 2000 ...

, co-founder of ExactTarget, co-founder of

High Alpha High may refer to: Science and technology * Height * High (atmospheric), a high-pressure area * High (computability), a quality of a Turing degree, in computability theory * High (tectonics), in geology an area where relative tectonic uplift ...

Jeff M. Fettig Jeff M. Fettig (born 1957) is an American businessman. He is the former chairman and chief executive officer of the Whirlpool Corporation and serves on the board of directors for Dow Inc., the Indiana University Foundation, and is a PGA REACH Tru ...

, chairman and CEO of the

Whirlpool Corporation The Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances, headquartered in Benton Charter Township, Michigan, United States. The Fortune 500 company has annual revenue of approximately $21 billion, ...

Deepender Singh Hooda Deepender Singh Hooda (born 4 January 1978) is an Indian politician and four-term MP from the Indian National Congress, who is the current Member of Parliament, Rajya Sabha representing Haryana. He also served three terms as Member of Parliamen ...

, the youngest member of the

Parliament of India The Parliament of India ( IAST: ) is the supreme legislative body of the Republic of India. It is a bicameral legislature composed of the president of India and two houses: the Rajya Sabha (Council of States) and the Lok Sabha (House of ...

, "modern-day" founder of Steak 'n Shake. His philanthropic actions have led to the naming of the ''Kelley'' School of Business. *

Harold Poling Harold Arthur "Red" Poling (October 14, 1925 – May 12, 2012) was a U.S. automobile businessman. Early life Harold Arthur Poling was born in Troy, Michigan, but grew up in Fairfax, Virginia. Poling graduated from Monmouth College in 1949. He ...

, former chief executive officer and chairman of

Ford Motor Company Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobi ...

* Frank Popoff, former president and chief executive officer of The Dow Chemical Company * Jay Schottenstein, billionaire and owner of DSW, Inc. and

American Eagle Outfitters American Eagle Outfitters, Inc., also known as American Eagle, is an American lifestyle, clothing, and accessories retailer headquartered at SouthSide Works in Pittsburgh, Pennsylvania. It was founded in 1977 by brothers Jerry and Mark Silverma ...

David Simon David Judah Simon (born February 9, 1960) is an American author, journalist, screenwriter, and producer best known for his work on '' The Wire'' (2002–08). He worked for '' The Baltimore Sun'' City Desk for twelve years (1982–95), wrote '' H ...

, chief executive officer of

Simon Property Group Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/ lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in In ...

Michael Szymanczyk Michael Edward "Mike" Szymanczyk (born 3 January 1949) is a former Chairman and CEO of Altria Group, serving in that position from 2008 to 2012. He previously served as Chairman and CEO of Philip Morris Companies Inc. between April 2002 and Augus ...

, chairman and chief executive officer of

Altria Altria Group, Inc. (previously known as Philip Morris Companies, Inc.) is an American corporation and one of the world's largest producers and marketers of tobacco, cigarettes and related products. It operates worldwide and is headquartered in ...

and

Philip Morris USA Philip Morris USA is the American tobacco division of the American tobacco corporation Altria Group. History Creation The company's namesake Philip Morris was born in Whitechapel, United Kingdom in 1835, the son of a recent immigrant from G ...

* Mauricio Tohen, Distinguished Professor, and Chairman of the Department of Psychiatry & Behavioral Sciences at the University of New Mexico * Randy Tobias, former chief executive officer of

Eli Lilly and Company Eli Lilly and Company is an American pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries. Its products are sold in approximately 125 countries. The company was founded in 1876 by, and named after, Colonel ...

and former U.S. Ambassador * Todd Wagner, chief executive officer of

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, founder of Todd Wagner Foundation, co-founder of

Broadcast.com Broadcast.com was an Internet radio company founded as AudioNet in September 1995 by Cameron Christopher Jaeb. Todd Wagner and Mark Cuban later led the organization and eventually sold to Yahoo! on April 1, 1999, for $5.7 billion, making it the ...

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, former chief executive officer of

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, co-founder of

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, president of the

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Robert James Waller Robert James Waller (August 1, 1939 – March 10, 2017) was an American author best known for ''The Bridges of Madison County'', an enormously successful book in 1993. He was also a photographer and musician. Life Robert James Waller Jr. was ...

, author of

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Notable faculty

Alexandra, Countess of Frederiksborg Alexandra, Countess of Frederiksborg, , formerly Princess Alexandra of Denmark, (''née'' Alexandra Christina Manley; born 30 June 1964) is the former wife of Prince Joachim of Denmark, the younger son of Margrethe II of Denmark. She was born i ...

, professor - former Princess of Denmark * David B. Audretsch, professor - award-winning economist, published author, and founder and editor-in-chief of '' Small Business Economics'' * Michael Baye, professor - former Director of the Bureau of Economics for the

US Federal Trade Commission The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) antitrust law and the promotion of consumer protection. The FTC shares jurisdiction ove ...

* Shelli Yoder, professor - former Democratic Party nominee for the U.S. House of Representatives

References

External links

* – Bloomington website * – IUPUI website {{DEFAULTSORT:Kelley School Of Business Business schools in Indiana Indiana University Educational institutions established in 1920 Education in Monroe County, Indiana Buildings and structures in Bloomington, Indiana 1920 establishments in Indiana