Embark on an in-depth exploration of the Indiana Kelley MBA Program, delving into crucial aspects that define the student experience. From the dynamic Class of 2025 profile and insights from the Class of 2023 employment report to application deadlines, the cost of attendance, and a variety of scholarships, this guide is your roadmap to understanding and navigating the rich opportunities offered by Kelley School of Business.
Kelley School of Business, Indiana University MBA Class Profile 2025
The Kelley School of Business at Indiana University is renowned for its commitment to excellence in business education. The MBA Class of 2025 at Kelley represents a diverse and accomplished group of individuals from various backgrounds. Here’s a comprehensive overview of the class profile:
Student Profile
Demographic Statistics
| Category | Statistic |
| Class Size | 96 |
| Women | 38% |
| Minority | 21% |
| International | 58% |
| Average Age | 30 |
| Age Range | 23–47 |
| Avg. Years of Full-Time Employment Exp. | 6.4 |
| Students with Full-Time Work Experience | 100% |
Academic Background
GPA, GMAT, and GRE Breakdown
| Category | Statistic |
| Average GPA | 3.40 |
| % with Undergrad GPA 3.5 or higher | 46% |
| % with Undergrad GPA 3.0–3.49 | 39% |
| % with Undergrad GPA 2.5–2.99 | 12% |
| Average GMAT Score | 685 |
| % with GMAT Scores 700 or higher | 45% |
| % with GMAT Scores 600–699 | 53% |
| % with GMAT Scores 500–599 | 3% |
| Average GRE Score | 322 |
| Average Quantitative GRE Score | 164 |
| Average Verbal GRE Score | 158 |
Undergraduate Majors
Breakdown by Major
| Major | Percentage |
| Business Administration | 35% |
| Science and Engineering | 33% |
| Social Sciences and Humanities | 24% |
| Other | 7% |
Geographic Distribution
Breakdown by Geographic Area
| Geographic Area | Percentage |
| Midwest | 24% |
| West/Southwest | 12% |
| Northeast/Mid-Atlantic | 1% |
| South/Possessions | 5% |
| International | 58% |
The MBA Class of 2025 at Kelley School of Business is a dynamic and diverse cohort, reflecting the globalized nature of business. With a strong emphasis on professional experience and academic achievement, the students bring a wealth of knowledge and perspectives to the vibrant learning community at Kelley.
Kelley MBA Employment Report – Class of 2023
The Kelley School of Business at Indiana University consistently produces graduates who are well-equipped to navigate the dynamic landscape of the business world. The MBA Employment Report for the Class of 2023 provides valuable insights into the career trajectories of Kelley graduates, showcasing their diverse skill sets and the broad range of industries they enter.
Compensation Summary for Full-Time Employment
| Year | Median Base Salary | Median Signing Bonus |
| 2023 | $137,500 | $30,000 |
| 2022 | $130,000 | $30,000 |
| 2021 | $120,000 | $30,000 |
| 2020 | $119,000 | $25,000 |
| 2019 | $107,000 | $25,000 |
Compensation by Function: Full-Time Hires
| Function | Percentage Accepting New Jobs | Base Salary (Median) | Base Salary (Range) |
| Consulting | 33.6% | $175,000 | $105,000–$192,000 |
| Finance | 21.8% | $140,000 | $53,500–$215,000 |
| General Management | 5.9% | $130,000 | $108,000–$158,666 |
| Information Technology | 0.8% | Insufficient Data | Insufficient Data |
| Marketing/Sales | 29.4% | $126,000 | $90,000–$171,000 |
| Operations/Logistics | 5% | $142,800 | $125,000–$169,100 |
| Other | 3.4% | $169,100 | $61,250–$175,000 |
| Total Reporting | 100% | $138,750 | $53,500–$215,000 |
Compensation by Industry: Full-Time Hires
| Industry | Percentage Accepting New Jobs | Base Salary (Median) | Base Salary (Range) |
| Consulting | 27.3% | $175,000 | $105,000–$192,000 |
| Consumer Packaged Goods | 14.1% | $125,000 | $90,000–$145,002 |
| Energy | 0.8% | Insufficient Data | Insufficient Data |
| Financial Services | 14.1% | $140,000 | $53,500–$175,000 |
| Government | 0.8% | Insufficient Data | Insufficient Data |
| Healthcare (including products and services) | 6.2% | $130,000 | $130,000–$145,000 |
| Manufacturing | 7% | $110,000 | $90,000–$130,000 |
| Media/Entertainment | 0.8% | Insufficient Data | Insufficient Data |
| Nonprofit | 0.8% | Insufficient Data | Insufficient Data |
| Retail | 2.3% | $142,800 | $142,800–$143,800 |
| Technology | 21.1% | $142,800 | $90,000–$171,000 |
| Other | 4.7% | $120,000 | $108,000–$215,000 |
| Total Reporting | 100% | $137,500 | $53,500–$215,000 |
Compensation by Geographic Region: Full-Time Hires
| Geographic Region | Percentage Accepting New Jobs | Base Salary (Median) | Base Salary (Range) |
| International | 1.7% | Insufficient Data | Insufficient Data |
| Mid-Atlantic | 2.6% | $115,000 | $111,000–$175,000 |
| Midwest | 42.1% | $128,000 | $61,250–$215,000 |
| Northeast | 12.3% | $142,500 | $90,000–$175,000 |
| South | 7% | $125,000 | $90,000–$175,000 |
| Southwest | 13.2% | $171,000 | $53,500–$192,000 |
| West | 21.1% | $142,800 | $87,780–$175,000 |
| Total Reporting | 100% | $137,000 | $53,500–$215,000 |
Observations
- Overall Growth: The median base salary for the Class of 2023 has shown steady growth, reaching $137,500, up from $130,000 in 2022 and $120,000 in 2021.
- Consulting Dominance: Consulting emerges as a popular career choice, constituting 33.6% of new hires, with a median base salary of $175,000, showcasing the attractiveness of this field.
- Diverse Industry Choices: Graduates find opportunities across diverse industries, with notable percentages entering Finance, Marketing/Sales, and Technology.
- Geographic Spread: The Midwest continues to attract a significant portion of Kelley graduates, with 42.1% of new hires accepting jobs in the region. However, the Southwest stands out with a high median base salary of $171,000.
- Salary Range Variation: The wide salary ranges within functions and industries highlight the diversity of roles and responsibilities undertaken by Kelley graduates.
Application Deadlines
| Round | Deadline | Notification | Deposit Due |
| First | October 15, 2023 | By December 20, 2023 | March 1, 2024 |
| Second | January 5, 2024 | By March 15, 2024 | May 1, 2024 |
| Third | March 1, 2024 | By April 30, 2024 | 4 weeks after notification |
| Final | April 15, 2024 | By May 31, 2024 | 4 weeks after notification |
Cost of Attendance – MBA at Kelley School of Business
As prospective students embark on the exciting journey of pursuing an MBA at the Kelley School of Business, understanding the cost of attendance is a crucial aspect of their planning. The cost structure includes various components, catering to both Indiana residents and non-residents/international students. Here’s a breakdown of the cost of attendance in a tabular format:
| Expense Category | Indiana Residents | Nonresidents/International |
| Tuition | $28,992 | $54,602 |
| Mandatory Fees | $2,352 | $2,352 |
| Housing & Food | $15,446 | $15,446 |
| Books and Supplies | $1,950 | $1,950 |
| Transportation | $2,958 | $2,958 |
| Miscellaneous | $4,078 | $4,078 |
| Total | $55,776 | $81,386 |
Understanding the Components
- Tuition: The primary cost component covers all MBA courses for the academic year. Indiana residents benefit from a lower tuition cost of $28,992, while nonresidents and international students are charged $54,602.
- Mandatory Fees: These include student health, technology, student activity, and MBA program fees. Both Indiana residents and nonresidents/international students pay $2,352 in mandatory fees.
- Housing & Food: The estimated cost for housing and food is $15,446, considering a single room in a graduate residence hall or the average rent for a two-bedroom unfurnished apartment shared with a roommate. Notably, the majority of MBA students (more than 90%) choose to live off-campus.
- Books and Supplies: An allowance of $1,950 is allocated for books and supplies, ensuring students have the necessary resources for their academic pursuits.
- Transportation: The estimated transportation cost is $2,958, factoring in commuting and other travel-related expenses.
- Miscellaneous: An additional allowance of $4,078 covers miscellaneous expenses, offering students flexibility in managing unforeseen costs.
MBA Scholarships
As prospective students consider pursuing an MBA at the Kelley School of Business, the financial aspect becomes a key consideration. Kelley is committed to supporting its students through various merit-based scholarships, fellowships, and assistantships, aiming to alleviate the financial burden and attract top-notch talent.
Merit Aid
More than half of Kelley’s MBA students benefit from merit aid, ranging from $10,000 to full tuition. The best part? There’s no need for an additional application; all merit aid is automatically awarded through the admissions process. To maximize the chances of receiving merit aid, prospective students are encouraged to apply by the Priority deadline, which falls within the second round.
Here’s what determines merit-aid awards:
| Criteria | Consideration |
| Academic Performance | Excellence in academic endeavors |
| GMAT/GRE Scores | Strong performance in standardized tests |
| Professional Experience | Demonstrated success and experience in the professional realm |
| Application Strength | A compelling and well-rounded application |
Specialized Fellowships
- Dean’s Fellowships:
Exceptional students with outstanding profiles, encompassing work experience, test scores, undergraduate performance, leadership potential, and a stellar admissions interview, may qualify for Dean’s Fellowships. This prestigious award covers full tuition for two years and includes membership in the exclusive Kelley Dean’s Council.
- Forté Fellowships:
Aligned with Forté’s mission to empower female business leaders, Forté Fellows at Kelley receive awards ranging from $15,000 to full tuition for each of the two program years.
- Global Fellowships:
Eligible candidates may be granted Global Fellowships of $35,000 for each of the two program years, with a preference for those with Latin American connections or backgrounds.
- Kelley School of Business Merit Fellowship:
Recognizing academic prowess and leadership, this fellowship offers awards from $7,500 to full tuition per academic year, renewable for the second year.
- ROMBA Fellowship:
The Reaching Out LGBTQ MBA Fellowship supports LGBTQ and ally leaders. In addition to financial support, recipients gain access to Reaching Out’s vast network and corporate partners.
Professional Student Employee Program
Starting from the spring semester of their first year, Kelley MBA students can apply for paid assistantships within academic departments and offices. These positions involve grading, research, and administration, providing students with valuable professional experience. Assistantships range from five to fifteen hours per week, compensating students at an hourly rate of $18.75.
Final Thoughts
As you navigate the intricacies of the Indiana Kelley MBA Program, armed with insights from the latest class profile, employment reports, application deadlines, and financial considerations, envision a transformative academic journey. Whether you’re drawn to the vibrant community, seeking scholarship opportunities, or planning for your future post-MBA, Kelley School of Business offers a holistic experience that aligns with your aspirations. Your MBA adventure awaits, guided by a wealth of information and resources tailored to empower your success.
