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  history of the Indiana University Kelley School of Business

The Indiana University Kelley School of Business is widely recognized as one of great learning institutions for both undergraduate and graduate business education. Consistently ranked amongst the nation’s best business schools, IU’s campus in Bloomington, Indiana, is also one of the most attractive. The school is located about an hour’s drive south of Indianapolis in the rolling, tree-covered hills of southern Indiana. The buildings on IU’s campus, of course, are almost exclusively constructed with Indiana limestone from stone quarries within the same county.






The first class at Indiana University graduated in 1830, making it one of the oldest colleges in America. Current enrollment is approximately 40,000 students. In addition to the highly regarded business school, Indiana is well known for its School of Education and its School of Music. IU also has a strong tradition in athletics with a proud record in soccer, swimming, diving and basketball.
Dr. Adam Herbert is the current president of the University, and is only the 17th person to serve in this capacity. The market value of the University’s endowment is over $900 million and ranks 11th among public institutions.

Although a few commerce courses could be found in Indiana University’s curriculum in the 19th Century, it was not until 1902 that a two-year course of study was created as an option in the Department of Economics. What is now known as the Kelley School of Business was established in 1920 as the School of Commerce and Finance. In 1947, the school initiated a doctoral program that has since sent more than 1,000 doctoral graduates to key positions in industry and academe. The school has more than 77,000 living alumni. Additionally, there are 67 named professorships and endowed chairs. Since 1998, the Kelley School has raised $150 million in both operational and endowment funding. Dan Smith was appointed as Dean in the summer of 2005.

In 1997, the school was named in honor of philanthropist E.W. Kelley and his family, in appreciation for their gift of an ambitious, $23 million business scholarship program. The Kelley Scholars Program today attracts many of the nation's most outstanding high school graduates interested in pursuing an undergraduate program in business. Mr. Kelley, the then managing general founder of Kelley & Partners Ltd. and co-chairman of the Steak n Shake Co., maintained a close association with IU dating back to the mid-1930s, when he was president of the School of Business student body (class of 1939). Mr. Kelley died in 2003.

The undergraduate business school offers Bachelor of Science degrees in 11 major fields of study. The Kelley School is tied for 11th among undergraduate programs in the 2005 survey conducted by U.S. News & World Report, making it the second highest rated undergraduate school of business in the Big Ten. U.S. News & World Report magazine cited Kelley in nearly a dozen undergraduate specialties: the management program was ranked fifth; entrepreneurship, finance, marketing, and operations management were seventh; accounting, eighth; management information systems and supply chain management, ninth; quantitative analysis, 11th; real estate, 12th; and international business, 13th.

Kelley’s MBA program continues to be ranked among the top 25 programs in the US. Recent major rankings for the Kelley School ’s overall program include:
- Business Week: 18
- Wall Street Journal: 11
- Forbes: 22
- US News & World Report: 27

The graduate school has a total enrollment of 400 students split into two classes. Although the first two semesters provide a common curriculum of core subjects, MBA’s can select from among 12 major courses of study. The program is especially strong with recruiters and has a solid reputation with companies that seek MBAs for brand management positions. This is reflected in Kelley’s fourth-place ranking in marketing by The Wall Street Journal, as well as its eighth-place ranking in marketing by Business Week.

Blue chip packaged goods companies that recruit marketing students for internships and full-time employment include Procter & Gamble, Unilever, 3M, Kraft, Kimberly-Clark, Nestle, General Mills, Kellogg’s, Johnson & Johnson, Philip Morris USA , Miller Brewing, and The Scotts Company.

Bloomington Brands LLC is proud to be a partner with Indiana University’s Kelley School of Business.