Purdue’s next big step: a new business school

A business degree that integrates science, engineering, and the liberal arts to give future business leaders and entrepreneurs a new competitive advantage.

WEST LAFAYETTE, Ind. – Purdue’s next big step in a decade of major strategic investments will reimagine the current School of Management into a new business school.

Plans for the new school were announced Friday (Sept. 23), part of a major fundraising effort backed by a major university investment to create a top-notch business school that will prepare tomorrow’s leaders and entrepreneurs, including STEM subjects and business analytics, hallmarks of Purdue education.

“At Purdue’s new business school, students will receive a well-rounded education, including the history, philosophy and economic theory of free market systems, and the communication skills that come with it, with a strong foundation in the liberal arts.” Purdue President Mitch Daniels said. “They enter the world with pride in their chosen profession and are well-prepared for leadership and management excellence in the most technologically complex fields.”

As college enrollment rates decline nationally, Purdue’s School of Management has grown by nearly 33 percent since 2019. and doubling the size of the facility by expanding and renovating.

Implementation of expansion and renovation plans for the new Purdue Business School. (Example by Ayers Saint-Gross) Download image

The school builds on Purdue’s recently graduated Integrated Business and Engineering (IBE) degree, top-notch business analytics programs, new Dean V. White is a real estate financing program., And the Larson Leadership Academy, boosted by a new $10 million gift from Marshall and Susan Larson celebrated Friday night, will create a competitive opportunity for students to take the next giant leap into business.

A graduate school bearing Krannert’s name was renamed the Purdue School of Management, the new entity generally known first as the Purdue School of Business. Purdue is targeting the first phase of reforms in fall 2023, which includes student enrollment growth and targeted faculty, as well as curricular and experiential improvements.

Scientific advances in all areas of the economy have created the interest of business leaders not only in the information that is in front of them, but also where the next discovery can come from. Students who can gather big data and use it to drive business decisions will be today’s and tomorrow’s most valuable career professionals. Graduates of Purdue’s new business school are uniquely positioned to bring discoveries to the marketplace, foster innovation, and transform society.

President-elect Mung Chiang said, “Purdue will have a world-class business school with this relaunch, one that conducts high-quality research and educates many students who excel, and creates proud business growth and opportunities. “

Historically, Purdue has honored many alumni who have become CEOs of Fortune 500 companies, with eight alumni currently serving in that role as measured by academic impact. The move to a new business school builds on Purdue’s excellence in engineering fields, where both graduate (4th) and undergraduate (9th) degree programs are ranked nationally.

Purdue joins such famous businesses as Ford, McDonald’s, Nike and 3M as the only university recently selected by Fast Company, and was named America’s No. 4 most trusted public university by Morning Advisor. Recognized by The Wall Street Journal/Times for Higher Education and Top Ten Most Innovative Universities for five years straight by US News & World Report.

Over the past five years, Purdue University has grown 23 percent, with more than 50,000 students. Ranked in the Top 5 for graduating STEM majors – 71% of 2022 graduates earned a STEM degree.

About Purdue University

Purdue University is a leading public research institution that develops practical solutions to today’s pressing challenges. Ranked as one of the 10 most innovative universities in the United States by US News & World Report for each of the past five years, Purdue offers world-changing research and world-class discovery. Committed to hands-on and online, real-world learning, Purdue offers a transformative education for all. Committed to affordability and access, Purdue lowered tuition and most fees at 2012-13 levels, allowing more students to graduate debt-free than ever before. See how Purdue isn’t stopping at the next giant leap at https://stories.purdue.edu.

Author/Media Contact: Brian Huchel, bhuchel@purdue.edu

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