The Kelley School of Business (KSB) is an undergraduate and graduate business school at Indiana University in Bloomington, Indiana, United States. As of 2017, approximately 7,500 full-time undergraduate and graduate students are enrolled on its Bloomington campus, as well as 1,740 students at the Indianapolis campus. In addition, more than 800 students study for graduate degrees through the school's online MBA and MS programs through "Kelley Direct".
History
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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, Chairman of the Steak n Shake Company, who gave a donation of $23 million.
Initially it resided 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 they had been holding classes 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 state-of-the-art learning facilities to the Kelley School's graduate and executive education students and houses some of the nation's top-ranked programs and research centers. Featuring elegant limestone and oak architecture, the building provides students and faculty with every imaginable technological advantage and connects with the undergraduate facilities via a two-story limestone walkway.
In 2003, the Kelley School partnered with the Scotts Miracle-Gro Company to launch Bloomington Brands, a unique brand management 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, as well as the development of marketing strategy, advertising, 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 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 gifted $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 Dean 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. Dean Kesner is the first woman to serve as dean of the Kelley School of Business.
Rankings
Undergraduate School
The Kelley School of Business undergraduate program has been ranked top 15 in the nation for over fifteen years and top 10 in the last six, across various publications.
In its most recent ranking, Bloomberg Businessweek 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 31 and 1441 respectively. The Kelley School of Business is ranked 11th overall for its Undergraduate Business Program according to US News & World Report. In a 2016 survey of over 1,000 recruiters by Bloomberg Businessweek, the undergraduate school was ranked 4th in the nation, 1st among public universities.
In 2018, U.S. News ranked these undergraduate programs within the top 15 in the nation:
- Accounting: 8th
- Entrepreneurship: 3rd
- Finance: 8th
- Management: 9th
- Management Information Systems: 6th
- Marketing: 6th
- 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 2017, The Economist ranked the Kelley Master of Business Administration (MBA) program #22 in the world (17th in the U.S.). The Kelley MBA was ranked 16th by Business Week in 2014; it was ranked fifth for regional MBA programs by the Wall Street Journal in 2007. Poets & Quants ranked Kelley's MBA program 5th in the nation in producing Fortune 500 CEOs. Bloomberg Businessweek ranked its full-time MBA program at #15 in the 2012 edition, and at #4 among all public universities. 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 #1 in the nation by both the Princeton Review and Business Week. 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 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 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 â€" 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 180,000 sq ft (17,000 m2) 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 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 will help students both inside and outside the classroom. Other special features include a trading room, which includes informational resources comparable to most Wall Street firms, allowing students and faculty to monitor the markets, develop financial products, and engage into trading activities with other counterparties. The Princeton Review recently ranked Kelley's quality of facilities as #2 in the nation.
Notable alumni
Notable faculty
- Alexandra, Countess of Frederiksborg, professor - Countess of Frederiksborg County of Denmark, Former Princess of Denmark
- David B. Audretsch, professor - Award-Wining 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.
- Shelli Yoder, professor - Former Democratic Party Nominee for U.S. Congress
See also
- Economics
- Glossary of economics
References
External links
- Official website â€" Bloomington website
- Official website â€" IUPUI website