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2002 FULL-TIME MBA PROFILE Babson College Franklin W. Olin Graduate School of Business — Two Year MBA
ENROLLMENT
2002/2003 Classes begin:
Sept. 1, 2003
Year program was founded: 1951 U.S., Private 21 months
Total graduate enrollment 1,672
Full-time 350
Part-time MBA students (on-campus) 1,209
Part-time MBA students (distance program) 30
EMBA 0
PhD program 0
Current total undergraduate business school enrollment 1,735
Increase in full-time students during last 12 months 9%
STUDENT PROFILE
Female students in class 23%
International students (1) 30%
Underrepresented minority (2) students 6%
Married n/a
Percent students from following regions:
Africa 1%
Asia 10%
Central/South America, Mexico 11%
Eastern Europe 1%
Middle East 1%
North America(Canada: 2% / U.S.: 98% ) 72%
Oceania 0%
Western Europe 3%
North American students by region:
Canada 2%
Mid-Atlantic U.S. 2%
Midwest U.S. 2%
Northeast U.S. 55%
South U.S. 2%
Southwest U.S. 1%
U.S. Possessions and territories 0%
West U.S. 7%
(1) Students from countries other than the school's home country. CLASS TRAITS GMAT Scores
Average 643
Range (middle 80%) 590 - 720
TOEFL Scores*
Mean TOEFL score 630
Minimum TOEFL score required 600
Work Experience (months)
Average 63
Range (middle 80%) 36 - 96
Enrolled students with one year or less of 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 (resident): $75 Application fee (non resident): $75 1,008 people applied to the full-time MBA program in 2002. The school accepted 39% (selectivity) of those applicants, and 41% of admitted applicants (yield) enrolled in the program.25 applicant(s) on its wait list, from which 9 ultimately enrolled in the program. n/a of applicants had applied in prior years, and of those reapplicants n/a were accepted.
Applicant Profile:
Female applicants 28%
International applicants (1) 53%
Underrepresented minority (2) applicants 7%
Applicants with one year or less work experience 4%
Interviews for MBA applicants are:
Required
75% of its full-time MBA applicants, and 100% of its admitted applicants.
(1) Applicants from countries other than the school's home country. INVESTMENT AND DEADLINES FOR CLASS OF 2005 Estimated TOTAL (not annual) cost of full-time MBA program (U.S. dollars)
Resident $55,600
Nonresident $55,600
Expected monthly rent $929
Recommended annual budget (1) $44,946
Application deadline(s)
Nov. 30, 2002
Rolling admissions?
No
Financial aid deadline(s):
Jan. 5, 2003
First-year MBAs:
Average financial aid package $20,602
Range (middle 80%) $3,625 - $41,624
Average first-year scholarship awards (not including loans) $7,493
Second-year MBAs:
Average financial aid package $17,654
Range (middle 80%) $4,495 - $29,500
Average second-year scholarship awards (not including loans) $7,179
Full-time MBAs receiving financial aid through B-school 59%
Graduate assistantships offered to qualifying MBAs? Yes Merit-based
42 full-tuition scholarships were awarded by the school to full-time MBAs in the past 12 monthsNo n/a $47,762 http://www.babson.edu/mba
(1) Student budget includes tuition fees and living expenses. CONTACTS
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