Academically, the school excells in Pharmacy and the Fine Arts, specificaly dance and somewhat music. The science departments are a little above average for a school of this size, if only because Lilly Co. keeps pouring money into them. The liberal arts here are just ok, and the business college and its students would like to think they are the shit but they are not.
Graduate programs - very few of these and they are all really bad except for fine arts, Pharmacy, and the MBA (but the last one is only good because they make it really easy to get).
Socioeconomiclly, the students and faculty are upper-middle class to upper class and are predominately white. A few are prepy, and a few more are nice people.
Athletics - the school sucks except for men's basketball which is surprisingly good.
Reputation - generally very good and is on the rise. Within the city of Indianapolis and the state of Indiana and its neighboors it is very well regarded. The dance and Pharmacy programms are extremely well respected across the whole planet, expecially the dance program which is second only to Juliard.
Overall - a great school if you like one-on-one attention with your professors, of which 80% have the title "Dr."
Someone Random: Are you in fine arts or Pharmacy?
Butler Student: No, I am studying something else.
Someone Random: Then why are you wasting your money!?!?!?!?