Kelley School of Business

39.17218°N 86.51843°W / 39.17218; -86.51843

Indiana University
Kelley School of Business
MottoGo from Moment to Momentum
TypePublic business school
Established1920 (1920)
Parent institution
Indiana University
DeanAsh Soni
Students13,538 (Bloomington, 2022)
1,596 (Indianapolis, 2022)
Undergraduates10,185 (Bloomington, 2022)
1,284 (Indianapolis, 2022)
Postgraduates2,123 (Bloomington, 2016)
541 (Indianapolis, 2016)
Location
Bloomington & Indianapolis
,
Indiana
,
U.S.
CampusUrban
Alumni100,000+
AffiliationsThe Washington Campus
Websitekelley.iu.edu

The Kelley School of Business (KSB) is an undergraduate and graduate business school at Indiana University in Bloomington, Indiana and Indianapolis, Indiana, United States. As of 2022, approximately 13,538 full-time undergraduate and graduate students are enrolled on its Bloomington campus, as well as 1,596 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".[1] It is consistently ranked among the top business schools in the world.[2]

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, chairman of the Steak n Shake 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.[3]

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 to launch Bloomington Brands, a unique brand management work-study program for both undergraduates and MBA students.[4] 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.[5]

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.

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.[6] The Eli Lilly Foundation donated a substantial amount as well.[7]

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.[8] 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[9]

Rankings
Business Rankings
U.S. MBA
Bloomberg (2023)[10]31
U.S. News & World Report (2023)[11]22
Global MBA
QS (2023)[12]33
Financial Times (2023)[13]40

Undergraduate School

The Kelley School of Business undergraduate program is consistently ranked among the top 10 in the country across various publications.[2]

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.[14] 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.[15] 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.[16] The Kelley School of Business is ranked 8th overall for its Undergraduate Business Program according to U.S. 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.[17] 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.[18]

Graduate school

In 2023, the Kelley MBA was ranked No. 31 by Bloomberg Businessweek.[19]

In 2021, the Kelley Online MBA was ranked No. 1 by Poets & Quants.[20] and #3 by US News.[21]

In 2017, The Economist ranked the Kelley Master of Business Administration (MBA) program #22 in the world (17th in the U.S.).[22] The Kelley MBA was ranked 16th by Business Week in 2014;[23] 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.[24] Bloomberg Businessweek ranked its full-time MBA program at No. 15 in the 2012 edition, and at No. 4 among all public universities.[23] 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.[25]

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.[26] In the 2010 QS Global 200 Business Schools Report[27] 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.[28]

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.

Notable alumni

Notable faculty

See also

References
  1. "School Profile". Kelley School of Business. Retrieved 21 September 2023.
  2. "Rankings". Kelley School of Business. Retrieved 21 September 2023.
  3. "History". Indiana University. Archived from the original on 2014-09-04.
  4. "Kelley School MBA students work on "growing" market for Scotts Co". Indiana University. Retrieved 4 May 2015.
  5. "Bloomington Brands". Kelley School of Business. Retrieved 4 May 2015.
  6. "IU Kelley School of Business to dedicate Hodge Hall Undergraduate Center". Indiana University.
  7. "Hodge Hall Undergraduate Center". Indiana University.
  8. Abbott, Kate (20 June 2012). "Kelley B-School Dean Is Stepping Down". Bloomberg.
  9. "Idalene Kesner selected as dean of Indiana University's Kelley School of Business". Indiana University.
  10. "Best B-Schools". Bloomberg Businessweek.
  11. "2023 Best Business Schools Rankings". U.S. News & World Report.
  12. "QS Global MBA Rankings 2023". Quacquarelli Symonds.
  13. "Global MBA Ranking 2023". Financial Times.
  14. Levy, Francesca; From, Jonathan Rodkin. "Best Undergraduate Business Schools of 2016". Bloomberg.
  15. "Poets&Quants' Best Undergraduate Business Programs Of 2016". Poets & Quants. 5 December 2016.
  16. "Indiana University Kelley School of Business". Undergraduate Program.
  17. Levy, Francesca; From, Jonathan Rodkin. "Best Undergrad Business Schools: Employer Survey Rank (2016)". Bloomberg.
  18. "About Us: The Johnson Center for Entrepreneurship & Innovation: Kelley School of Business: Indiana University". Kelley School of Business. Retrieved 2017-12-19.
  19. "These Are the U.S.'s Best Business Schools". Bloomberg.com. Retrieved 2021-10-05.
  20. "The Best Online MBA Programs Of 2021". poetsandquants.com. Retrieved 2021-11-12.
  21. "Best Online MBA Programs". usnews.com. Retrieved 2021-11-12.
  22. "Kelley MBA Worldwide Ranking". The Economist.
  23. Kessenides, Dimitra. "Business Schools - Rankings & Profiles - Full Time MBA". Bloomberg. Ploomberg. Archived from the original on January 1, 2015. Retrieved August 29, 2016.
  24. "Schools With Most Fortune 500 CEOs". Poets & Quants. 16 May 2012.
  25. "IU Bloomington Online Programs". U.S. News & World Report.
  26. "Entrepreneurship Program Rankings". Kelley School of Business.
  27. "QS Global 200 Business Schools Report 2010, North America". Archived from the original on 2010-11-09. Retrieved 2010-11-12.
  28. "Crist|Kolder Associates Volatility Report 2017" (PDF). 2017.
  29. "Welcome from the Dean". Indiana University. Archived from the original on 2008-02-12. Retrieved 2010-04-15.
  30. "Six alumni of IU's Kelley School of Business being honored at awards gala". IU Newsroom. 26 March 2014.
  31. "CEO Compensation: #237 Jeff M Fettig". Forbes. Archived from the original on May 1, 2012. Retrieved April 26, 2017.
  32. "Janet Foutty Executive Chair of the Board, Deloitte U.S." Diversity Woman. Retrieved 12 June 2023.
  33. "Office of Development & Alumni Relations : Kelley School of Business : Indiana University Bloomington".
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