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2003 FULL-TIME MBA PROFILE
Babson College
Franklin W. Olin Graduate School of Business

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


Address: Babson College
Babson College, MA 02457
E-Mail: mbaadmission@babson.edu
Web site: http://www.babson.edu/mba
Directions to school


THE FULL-TIME JOB HUNT

2003 graduates seeking employment (1)   63%

Graduates who:
received their first job offer by graduation 63%
received their first job offer within the first three months after graduation 85%
were company sponsored, or already employed (2) 1%
were continuing their education (after graduation) (3) 2%
were starting a new business (4) 14%
postponed their job search 7%
did not seek employment for other reasons 0%
 
Companies that recruited second-year students on campus in past academic year 116
Companies that recruited second-year students via job boards in past academic year n/a

(1) Seeking full-time professional employment.
(2) Includes graduates whose studies were financially sponsored by their employers and are returning to those employers, or who were employed while a student and will continue working for that employer.
(3) Enrolled/will enroll in further graduate studies.
(4) Starting a new business as owner. Does not include students accepting jobs with a salary in a new (startup) business.

Top 15 recruiting firms that hired the most graduates in the past 12 months and the number of students hired:
FirmGraduates Hired
1. Fidelity 6
2. EMC 4
3. Ernst & Young 4
4. Booz Allen Hamilton 3
5. The Gillette Company 3
6. Boston Scientific 2
7. LanChile 2
8. PricewaterhouseCoopers 2

Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003

$69,300
Median starting-base salary (excluding bonuses) for the Class of 2003

$70,000
Average first-year signing bonus

$9,200
Median first-year signing bonus

$10,000
Job-accepting graduates who received a signing bonus

24%

(1) Base salary excludes bonuses, commissions, and other compensation. Should be reported in U.S. dollars.



2002 GRADUATES REPORT

Editor's Note: Based on responses to BusinessWeek's 2002 survey of graduates.

Median starting base-salary

$75,000
Median signing bonus

$5,000
Median other compensation

$17,000
Median MBA loans

$30,000
Average number of job offers at graduation

1.0
Average living expenses (not including tuition) over course of program

$47,420
Summer internship resulted in full-time employment

19%


CAREER DIRECTIONS

Graduates accepting jobs in the following function areas:
Consulting 21%
Finance/Accounting 29%
General Management 8%
Human Resources 0%
Marketing/Sales 40%
Management Information Systems 0%
Operations/Logistics 0%
Other 2%

Graduates accepting jobs in the following regions:
Africa 0%
Asia 4%
Eastern and Central Europe and Central Asia 0%
Latin America and the Carribean 5%
Middle East 2%
North America
 (Canada: 1% / U.S.: 99%)
88%
Oceania 0%
Western Europe 1%

Graduates accepting jobs within North America:
Canada 1%
Mid-Atlantic U.S. 6%
Midwest U.S. 0%
Northeast U.S. 75%
South U.S. 5%
Southwest U.S. 0%
U.S. Possessions and territories n/a
West U.S. 1%


MBA INTERNSHIPS

Companies that recruited first-year MBA students for internships on campus in past academic year: 143

Companies that recruited first-year MBA interns via job boards during past academic year: n/a

Top 15 recruiting firms:
FirmInterns Hired
1. Fidelity Investments 11
2. Irving Oil Limited/Irving Oil Corp 9
3. Accenture 3
4. Babson College 2
5. Booz Allen Hamilton 2
6. Bose Corporation 2
7. HP Hood 2
8. James Lam & Associates 2
9. Philips Electronics N.V. 2
10. The Procter & Gamble Company 2

Internship compensation:
Paid internships 79%
Average internship compensation (per week) $959
Median internship compensation (per week) $1,000
Average internship length (weeks) 10


B-SCHOOL SERVICES

Annual job-searching trips the school coordinates or participates in:
Destination Month offered Paid for by B-School
International MBA Employment Conference - Orlando

Nov. No
NS of Hispanic MBA Employment Conf - San Antonio

Nov. No
New York city Employer site visits

Mar. Yes
Various trips to local employers throughout year

n/a n/a


TECHNOLOGY

Wireless network in main buildings: Yes

School's investment in technology over the past three years: $1,486,000

Technology changes made over the past three years:
The upgraded technology infrastructure includes: 5x faster Internet connection; expanded wireless connectivity on campus; an upgraded campus network hardware to increase speed; the replacement of all public access (as well as faculty and staff) desktop computers. The upgraded classroom technology and instructional support services includes: 100% multi-media classrooms equipped with computer, video projection, and network access; upgraded classroom virtual networking; the re-organization of curriculum support for faculty; the replacement of home-built course management system with Blackboard; increased usage of and integrated library research support with Blackboard; and the development of new IT and Library Web sites to support faculty and student services and research.


ALUMNI AFFAIRS

University offers placement services for MBA alumni? Yes

Alumni networking Web site:
http://www.babson.edu/alumni

Current MBA students given access to alumni database? Yes

The B-school has awarded 13,255 MBA degrees since its founding. It has 12,967 living MBA alumni, and 62 MBA club(s) throughout 31 countries, where B-school alums can participate in school activities and alumni events.

During the past 12 months, 20% of alumni gave to the school's fund-raising efforts. They gave a median gift of U.S. $50, and a mean gift of U.S. $795. The school has not received a gift in excess of U.S. $10 million between Jan. 2001 and Oct. 2003, and the B-school endowment is U.S. $151,300,000

Information found in this survey was provided on behalf of the B-school by Jon Kerbs


 
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BABSON PROFILES
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Part-time '04 | '03 | '02 | '01 | '00
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BABSON INFO
Admissions Q&A '02 | '00
Placement Q&A '05
Video Views Dean Rice - 2004 | Dean Rice - 2001 | Dean Eisenman - 2005
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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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