Butler University’s College of Business (COB) has secured the 47th position in the 2013 Bloomberg BusinessWeek ranking of 124 U.S. undergraduate business programs. Since its debut on the list three years ago, the college has climbed 16 spots (63rd in 2010, 58th in 2011, and 48th in 2012). The COB remains the only Indianapolis business school on the list.

The BusinessWeek rankings are based on student and recruiter surveys, placement rates and salaries, and class size, tenured faculty, and completion rates.

“The recognition from BusinessWeek underscores the exceptional quality of a Butler College of Business education,” Dean Chuck Williams said.

That quality includes a 98 percent placement rate for 2012 graduates, new innovative majors—Risk Management & Insurance and Entrepreneurship & Innovation—as well as an experiential learning model called real life, real business.

Some highlights of real life, real business include:

  • An extensive four-year career development program where students are guided by their own career mentors. These former executives worked for companies such as Cummins, IBM, Smith Barney, and Eli Lilly and Company.
  • The Freshman Business Experience course, in which students are not only introduced to business concepts; they see those concepts played out in real companies.
  • The Real Business Experience course in which sophomores develop a business plan, present the plan to a board of local bankers and entrepreneurs to apply for up to $5,000 of start-up capital, and then, if desired, start and run the business.
  • The Student-Managed Investment Fund, in which students invest real money from Butler’s endowment.

The College of Business’ undergraduate program is also ranked a “best” program by U.S. News and World Report. Its part-time MBA program ranked 67th in that publication’s most recent best graduate schools listing.