Students, employers rank IU Kelley School of Business highly in Bloomberg Businessweek MBA rankings
Kelley ranks No. 1 in new measure of return on investment among overall Top 20 MBA programs
FOR IMMEDIATE RELEASE
BLOOMINGTON, Ind. -- Students at Indiana University's Kelley School of Business and the companies that recruit them continued to express their satisfaction in surveys by Bloomberg Businessweek, according to new full-time MBA rankings released today.
In a year when Bloomberg Businessweek revised its survey methodology, the Kelley School maintained its relative position within the overall rankings. The school ranks 16th, down slightly from 15th two years ago, amidst volatility that led to a major shakeup among top schools. There were double-digit climbs and falls among other schools ranked.
New this year was the publication's measure of return on investment at 43 of the top 50 U.S. business schools. Kelley has the highest return on investment of all the top 20 MBA programs ranked overall. It was reported that the typical Kelley student will recoup about 40 percent of their costs in the first year after graduation.
Students surveyed by the publication indicated that they are very pleased with the quality of the education they are receiving. In the student survey ranking -- which accounts for 45 percent of the overall rankings -- Kelley came at No. 2.
In the employer survey ranking, which also accounts for 45 percent of the overall ranking, the Kelley School continued to show improvement, moving up two places to 18th. This was especially noteworthy given that Bloomberg Businessweek gave less weight to Kelley alumni who returned to recruit at the school.
About 1,300 recruiters were surveyed, up from 250 in 2012. They were asked to rate schools on how well graduates performed in areas most important to employers.
"Despite the heavy volatility in the rankings, I am very pleased that the Kelley School maintained its strong ranking among full-time MBA programs by Bloomberg Businessweek under a new methodology that saw some Top 20 schools fall five to 10 places," said Idalene Kesner, the school's dean and the Frank P. Popoff Chair of Strategic Management.
"We can all take great pride in our strong overall ranking. Faculty and staff at the Kelley School work hard to give the students a great experience and a high-quality education," Kesner added. "Our students know that, our recruiters know that, and our faculty and staff know that. I appreciate what our faculty and staff do to help Kelley maintain its positive direction by imparting our values of collaboration, excellence, leadership and professionalism to our students."
The magazine ranked Kelley third in the Big Ten and fourth among all public institutions. Four years ago, the school was ranked 19th overall. This year, Bloomberg Businessweek ranked full-time Master of Business Administration programs at 85 U.S. schools and 27 international schools -- the largest number of schools it has ever ranked.
"It’s important to say that, although we live in a world of rankings, they don’t define who we are," said Jonlee Andrews, MBA program chair, clinical professor of marketing and Nestle Faculty Fellow. "Our focus has always been on doing the right things for our students, alumni, faculty and staff. We are delighted that these things are reflected in our performance in student and recruiter satisfaction."
Kelley is unique in that both its MBA and undergraduate programs have been ranked consistently among Bloomberg Businessweek's Top 20 since the magazine first began ranking MBA programs in 1988. Earlier this year, it ranked Kelley's undergraduate program eighth overall.
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