Indiana Kelley MBA Program – A Complete Overview

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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.

Indiana Kelley MBA

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

CategoryStatistic
Class Size96
Women38%
Minority21%
International58%
Average Age30
Age Range23–47
Avg. Years of Full-Time Employment Exp.6.4
Students with Full-Time Work Experience100%

Academic Background

GPA, GMAT, and GRE Breakdown

CategoryStatistic
Average GPA3.40
% with Undergrad GPA 3.5 or higher46%
% with Undergrad GPA 3.0–3.4939%
% with Undergrad GPA 2.5–2.9912%
Average GMAT Score685
% with GMAT Scores 700 or higher45%
% with GMAT Scores 600–69953%
% with GMAT Scores 500–5993%
Average GRE Score322
Average Quantitative GRE Score164
Average Verbal GRE Score158

Undergraduate Majors

Breakdown by Major

MajorPercentage
Business Administration35%
Science and Engineering33%
Social Sciences and Humanities24%
Other7%

Geographic Distribution

Breakdown by Geographic Area

Geographic AreaPercentage
Midwest24%
West/Southwest12%
Northeast/Mid-Atlantic1%
South/Possessions5%
International58%

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

YearMedian Base SalaryMedian 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

FunctionPercentage Accepting New JobsBase Salary (Median)Base Salary (Range)
Consulting33.6%$175,000$105,000–$192,000
Finance21.8%$140,000$53,500–$215,000
General Management5.9%$130,000$108,000–$158,666
Information Technology0.8%Insufficient DataInsufficient Data
Marketing/Sales29.4%$126,000$90,000–$171,000
Operations/Logistics5%$142,800$125,000–$169,100
Other3.4%$169,100$61,250–$175,000
Total Reporting100%$138,750$53,500–$215,000

Compensation by Industry: Full-Time Hires

IndustryPercentage Accepting New JobsBase Salary (Median)Base Salary (Range)
Consulting27.3%$175,000$105,000–$192,000
Consumer Packaged Goods14.1%$125,000$90,000–$145,002
Energy0.8%Insufficient DataInsufficient Data
Financial Services14.1%$140,000$53,500–$175,000
Government0.8%Insufficient DataInsufficient Data
Healthcare (including products and services)6.2%$130,000$130,000–$145,000
Manufacturing7%$110,000$90,000–$130,000
Media/Entertainment0.8%Insufficient DataInsufficient Data
Nonprofit0.8%Insufficient DataInsufficient Data
Retail2.3%$142,800$142,800–$143,800
Technology21.1%$142,800$90,000–$171,000
Other4.7%$120,000$108,000–$215,000
Total Reporting100%$137,500$53,500–$215,000

Compensation by Geographic Region: Full-Time Hires

Geographic RegionPercentage Accepting New JobsBase Salary (Median)Base Salary (Range)
International1.7%Insufficient DataInsufficient Data
Mid-Atlantic2.6%$115,000$111,000–$175,000
Midwest42.1%$128,000$61,250–$215,000
Northeast12.3%$142,500$90,000–$175,000
South7%$125,000$90,000–$175,000
Southwest13.2%$171,000$53,500–$192,000
West21.1%$142,800$87,780–$175,000
Total Reporting100%$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

RoundDeadlineNotificationDeposit Due
FirstOctober 15, 2023By December 20, 2023March 1, 2024
SecondJanuary 5, 2024By March 15, 2024May 1, 2024
ThirdMarch 1, 2024By April 30, 20244 weeks after notification
FinalApril 15, 2024By May 31, 20244 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 CategoryIndiana ResidentsNonresidents/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:

CriteriaConsideration
Academic PerformanceExcellence in academic endeavors
GMAT/GRE ScoresStrong performance in standardized tests
Professional ExperienceDemonstrated success and experience in the professional realm
Application StrengthA 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.

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