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2001 FULL-TIME MBA PROFILE
Babson College
Franklin W. Olin Graduate School of Business

Sections:  Getting In  | Academics & Lifestyle | Career Services | Graduate Comments


Address: Franklin W . Olin Graduate School of Business
Babson College
Wellesley , MA 04257
E-Mail: mbaadmission@babson.edu
Web site: www.babson.edu/mba


ENROLLMENT

2001/2002 Classes begin: Sept. 2002
May 2002

Year program was founded: 1951

Total graduate enrollment 1,646
Full-time 451
Part-time MBA students (on-campus) 1,195
Part-time MBA students (distance program) 32
EMBA 0
PhD program 0
 
Current total undergraduate business school enrollment 1,751
 
Increase in full-time students during last 12 months n/a


STUDENT PROFILE

Female students in class 32%
International students (1) 38%
Underrepresented minority (2) students 7%
Married n/a%

Percent students from following regions:
Africa 0%
Asia 16%
Central/South America, Mexico 11%
Eastern Europe 3%
Middle East 2%
North America
 (Canada: n/a / U.S.: n/a  )
65%
Oceania n/a
Western Europe 3%

North American students by region:
Canada n/a
Mid-Atlantic U.S. n/a
Midwest U.S. n/a
Northeast U.S. n/a
South U.S. n/a
Southwest U.S. n/a
U.S. Possessions and territories n/a
West U.S. n/a

(1) Students from countries other than the school's home country.

(2) Defined as U.S. citizens who are African American, Hispanic American, and Native American.


CLASS TRAITS

GMAT Scores
Average 637
Range (middle 80%) 570 - 710

TOEFL Scores*
Mean TOEFL score 629
Minimum TOEFL score required 600

Work Experience (months)
Average 60
Range (middle 80%) 30 - 108
Enrolled students with less one year or less work experience 0%

Student Age (years)
Average 28
Range (middle 80%) 25 - 31

Salary
Average annual pay forgone to enter program n/a

* Paper based equivalent. See TOEFL concordance table for computer-based score equivalents.


ADMISSIONS

Application fee: $75

707 people applied to the full-time MBA program in 2001. The school accepted 41% (selectivity) of those applicants, and 47% of admitted applicants (yield) enrolled in the program.

The B-school placed 41 applicant(s) on its wait list, from which 7 were ultimately accepted. 2% of applicants had applied in prior years, and of those reapplicants 0% were accepted.

Female applicants 32%
International applicants (1) 38%
Underrepresented minority (2) applicants 7%

Interviews for MBA applicants are:
Required

In 2001, the B-school interviewed 85% of its full-time MBA applicants, and 100% of its admitted applicants.

(1) Applicants from countries other than the school's home country.

(2) Defined as U.S. citizens who are African American, Hispanic American, and Native American.


INVESTMENT AND DEADLINES FOR CLASS OF 2004

Average total (not annual) cost of full-time MBA program
Resident $25,710
Nonresident $25,710
 
Expected monthly rent $700
Recommended annual budget (1) $40,840

Application deadline(s) Nov. 31, 2001
Jan. 31, 2002
Mar. 15, 2002
Apr. 15, 2002

Deadline for scheduling an interview: May 2002

Financial aid deadline(s): Mar. 2002
Apr. 2002

First-year MBAs:
Average financial aid package $18,519
Range (middle 80%) $2,201 - $40,210
Average first-year scholarship awards (not including loans) $17,417

Second-year MBAs:
Average financial aid package $17,056
Range (middle 80%) $4,700 - $34,276
Average second-year scholarship awards (not including loans) $14,673

Full-time MBAs receiving financial aid through B-school 56%

Graduate assistantships offered to qualifying second-year MBAs? Yes

Graduate assistantships offered to qualifying first-year MBAs? Yes

Scholarships are merit or need based?
Both

41 full-tuition scholarships were awarded by the school to full-time MBAs in past 12 months

Guaranteed loan? (2) No

Maximum amount students can borrow: n/a

Average outstanding loans for 2001 graduates: $55,131

(1) Student budget includes tuition fees and living expenses.

(2) Upon admission, any accepted applicant, regardless of nationality, and without the need of a cosigner, is eligible for a loan.


CONTACTS

Dean Mark P. Rice
Hired as of July 2001
 
MBA program director Wendy Baker
 
MBA admissions director Kate Klepper
 
MBA financial aid director Melissa Shaak
 
MBA career services director Leonard Morrison
 
Alumni relations director William Makris


 
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BABSON INSIDER CONTENT
Admissions Q&A
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Best Schools for Entrepreneurship

BABSON PROFILES
Full-time '04 | '03 | '02 | '01 | '00 | '99 | '98
Part-time '04 | '03 | '02 | '01 | '00
Exec ed '03 | '01
Distance '04

BABSON INFO
Admissions Q&A '02 | '00
Placement Q&A '05
Video Views Dean Rice - 2004 | Dean Rice - 2001 | Dean Eisenman - 2005
Search for articles about Babson

BABSON RANKINGS
Full-time MBA rank:
2004:  26    1994:  --    
2002:  Second tier    1992:  --    
2000:  Second tier    1990:  --    
1998:  Second tier    1988:  --    
1996:  Second tier    
BW ranking history

Exec Ed rank:
2003:  --    1997:  17    
2001:  --    1993:  --    
1999:  14    1991:  18    



Sections:  Getting In  | Academics & Lifestyle | Careers & Alumni Affairs | Graduate Comments

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