Indiana University’s Kelley School of Business rose four spots in Bloomberg Businessweek’s latest survey of MBA programs to 15th in the country.
The ranking places Kelley third in a Big Ten consortium renowned for highly ranked business schools, behind just the fifth-ranked Kellogg school at Northwestern and eighth-ranked Ross school at Michigan.
Interim dean Idalene Kesner called it “a very good day for Kelley” when the new rankings were announced Thursday afternoon — and for more reasons than the four-spot jump in the overall Businessweek rankings.
“If you look at the number one rankings (within the overall ranking) we achieved, that’s truly inspirational,” said Kesner, who also is the Frank P. Popoff Chair of Strategic Management. “We were number one in student satisfaction, number one in career services and number one in teaching quality. That’s an amazing, amazing accomplishment.”
Kelley also was one of only five schools to receive “A plus” grades across the board for career services, teaching quality, critical thinking, leadership skills and caliber of classmates.
At a time when business schools are seeing drops in applications and flat salaries for MBA graduates, it’s a very good time to make a jump in the nation’s oldest and one of the most influential rankings.
“Certainly we would expect to see our applications increase as a result of these strong rankings and the quality of students applying to increase,” Kesner said.
Businessweek surveyed more than 100 business schools in the United States, Europe and Asia. Kelley’s MBA program also was ranked eighth internationally in terms of job offer rates for graduates, with 95 percent reporting job offers within 90 days after graduation.
The ranking is based on surveys of graduating students and corporate recruiters.
Jonlee Andrews, chairwoman of Kelley’s MBA Program and professor of marketing, said the rankings are something the entire Kelley school can celebrate. “This reflects the fact that faculty, staff and students work together as a team to create great outcomes for our students,” she said in a prepared statement.
The rankings were first reported in a live Web chat and published online Thursday. The magazine will be available on newsstands Friday.
Every two years, the magazine surveys graduates from 114 top business schools and recruiters from more than 500 companies. Student satisfaction counted for 45 percent of the final ranking, while recruiter surveys contributed an additional 45 percent, and a review of faculty research added the final 10 percent.