Krannert School of Management
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| Krannert School of Management | |
|---|---|
| Name | Krannert School of Management |
| Established | 1961 |
| Type | Private-public partnership |
| Location | West Lafayette, Indiana, United States |
| Dean | Dean (varies) |
| Campus | Purdue University West Lafayette |
| Website | (official site) |
Krannert School of Management is a professional school located on the campus of Purdue University in West Lafayette, Indiana. Founded in 1961, the school offers undergraduate, graduate, and doctoral programs emphasizing quantitative methods, management science, and global business practice. Krannert has developed ties with corporate partners and academic institutions worldwide, contributing to fields from operations research to finance and organizational behavior.
History
The school traces roots to early business instruction at Purdue University during the post-World War II expansion influenced by leaders such as Morrill Act proponents and state legislators in Indiana General Assembly. Funding from the Lambert family and philanthropists including Herman Krannert enabled construction of dedicated facilities in the 1960s, contemporaneous with the rise of quantitative business schools at institutions like Massachusetts Institute of Technology, Stanford University, and University of Chicago. Krannert's development paralleled national trends in graduate business education exemplified by programs at Harvard Business School and Wharton School while cultivating industrial partnerships with Caterpillar Inc., Eli Lilly and Company, and General Electric. Over decades, the school expanded curricula influenced by scholars associated with INFORMS, Academy of Management, and collaborations with international universities such as London School of Economics, INSEAD, and National University of Singapore.
Academic programs
Krannert offers a range of degrees including Bachelor of Science, Master of Science, Master of Business Administration, and Ph.D. programs, modeled after curricula seen at Kellogg School of Management, Booth School of Business, and Columbia Business School. Undergraduate majors reflect emphases in accounting, finance, management, marketing, and supply chain aligned with competencies promoted by CFA Institute and APICS. Graduate offerings include a full-time MBA, part-time MBA, and specialized MS degrees in analytics, supply chain, and information technology akin to programs at MIT Sloan and Carnegie Mellon University. Doctoral tracks in economics, organizational behavior, and quantitative methods train scholars for faculty positions similar to those from Yale School of Management and Stanford Graduate School of Business.
Research and centers
Research at Krannert is organized through centers and institutes that mirror entities like Tuck School of Business centers, including units focused on supply chain, finance, and entrepreneurship. Active centers collaborate with organizations such as National Science Foundation, Department of Defense, and Department of Energy on projects in operations research, data analytics, and risk management. Faculty publish in journals including Management Science, Operations Research, Journal of Finance, Academy of Management Journal, and Marketing Science; research areas intersect with work at Brookings Institution, National Bureau of Economic Research, and RAND Corporation. Partnerships extend to corporations such as Amazon, Ford Motor Company, Procter & Gamble, IBM, and Intel Corporation for applied research and executive education.
Admissions and rankings
Admissions processes consider academic records, test scores, and professional experience similar to practices at Rotman School of Management and Fuqua School of Business. Rankings by outlets such as U.S. News & World Report, Financial Times, and Bloomberg Businessweek have placed Krannert in competitive positions among public business schools, comparable to peer institutions like University of Michigan Ross School of Business and Indiana University Kelley School of Business. Scholarship programs and fellowships draw candidates from feeder schools including Ivy League institutions, Big Ten Conference universities, and international partners such as Peking University and University of Oxford.
Campus and facilities
Krannert's facilities are situated within the Purdue University West Lafayette campus near landmarks such as Engineering Fountain, Beering Hall, and Hillenbrand Hall. Classrooms and research labs are outfitted with technology comparable to installations at Google research centers and corporate labs like Microsoft Research. Executive education and conference spaces host events featuring speakers from World Economic Forum, Federal Reserve Bank of Chicago, and Fortune 500 companies. The proximity to Indianapolis and transport links via Interstate 65 support alumni engagement and employer recruiting.
Student life and organizations
Student organizations include professional and social groups mirroring chapters at schools such as Beta Gamma Sigma, National Black MBA Association, Society for Human Resource Management, and Supply Chain Management Association. Career services coordinate recruiting with firms including Deloitte, McKinsey & Company, Bain & Company, Accenture, Ernst & Young, PwC, and KPMG. Student competitions and conferences attract teams from University of Pennsylvania, Northwestern University, Cornell University, and University of California, Berkeley for case competitions, analytics challenges, and entrepreneurship pitch events similar to those organized by Harvard Business School student clubs.
Notable alumni and faculty
Alumni have held leadership roles at Procter & Gamble, Caterpillar Inc., General Motors, Boeing, Eli Lilly and Company, Goldman Sachs, JPMorgan Chase, 3M, Bank of America, Estee Lauder, and Marriott International. Distinguished faculty and visiting scholars have included contributors to fields represented by Nobel Prize winners and fellows of organizations such as American Academy of Arts and Sciences, IEEE, and INFORMS; many have collaborations with researchers at Stanford University, Harvard University, University of Chicago, Columbia University, and Princeton University.