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2004 FULL-TIME MBA PROFILE
Babson College
Franklin W. Olin Graduate School of Business — Two-Year MBA Program
Address: Babson College
Babson Park, MA 02457
E-Mail: n/a
Web links: B-school Web site
Directions to school
 Getting In  Academics & Lifestyle Careers & Alumni Affairs Graduate Comments

B-SCHOOL & PROGRAM BASICS

Classes begin Sept. 3, 2004

Year program was founded 1951
Institution is U.S., Private
Business school accreditation:
AACSB
Length of program 18 months

Enrollment
Total graduate business students 1,594
Full-time MBA students 359
Part-time MBA students 1,046
Distance MBA students 77
Executive MBA students n/a
PhD program students n/a
Doctorate of Business Administration (DBA) students n/a
 
Total undergraduate business students 1,697
 
Change in full-time class size in past academic year 9%

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 29%
International students 1 39%
Married students n/a

For U.S. schools only:
African American students 1%
Alaskan Native of Pacific Islander American students n/a
Asian American students 3%
Mexican American students n/a
Puerto Rican students n/a
Other Hispanic American students 3%
White (non-Hispanic) students 48%
Multiethnic/Multiracial students 2%
Not reported 4%
Other n/a

Students from the following regions:
Africa 1%
Asia 19%
Eastern Europe, Central Europe and Central Asia 1%
Latin America and the Caribbean 13%
Middle East 2%
North America
 (Canada: 2% / U.S.: 98%)
62%
Oceania n/a
Western Europe 2%

North American students by region:
Canada 2%
Mid-Atlantic U.S. 5%
Midwest U.S. 3%
Northeast U.S. 78%
South U.S. 3%
Southwest U.S. 1%
U.S. Possessions and territories n/a
West U.S. 8%

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

CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores - Historical Chart
200420032002
Average630644643
Median630640640
Range (middle 80%)550-710n/an/a

GMAT scores are required as part of the application.


TOEFL Scores
TOEFL scores are required for applicants whose native language is not English.

Average TOEFL score 630
Minimum TOEFL score required 600

Work Experience (months)
Average 72
Range (middle 80%) 36 - 120
New entrants with one year or less of work experience 0%

Student Age (years)
Average 29
Range (middle 80%) 26 - 34

Salary
Average base salary forgone to enter program n/a


ADMISSIONS

Application fee (resident) $100
Application fee (nonresident) $100

610 people applied to the full-time MBA program in 2004. The school accepted 59% (selectivity) of those applicants, and 45% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
200420032002
Selectivity59%43%39%
Yield45%47%41%

n/a of applicants had applied in prior years, and of those reapplicants n/a were accepted.

The B-school placed 155 applicant(s) on its wait list. 43 wait-listed applicants were admitted to the semester for which they applied.

Applicant Profile:
Female applicants 30%
International applicants 1 48%

Interviews for MBA applicants are:
Required

In 2004, the B-school interviewed 84% of its full-time MBA applicants, and 100% of its admitted applicants.

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

COSTS, DEADLINES & FINANCIAL AID

COSTS:
Estimated TOTAL (not annual) cost of full-time MBA program (U.S. dollars)
200420032002
Resident$59,800$55,888$55,600
Nonresident$59,800$55,688$55,600
Expected monthly rent $1,000
Recommended annual budget (Resident) 1 $49,322
Recommended annual budget (Nonresident) $49,322

2004-2006 DEADLINES:
Application deadline(s)
n/a

Rolling admissions? No

Deadline(s) for scheduling an interview
n/a

Financial aid deadline(s)
n/a

FINANCIAL AID:
Full-time MBAs apply for financial aid through a Central financial aid office at the university

77% of full-time MBAs applied for financial aid for the 2004-2005 academic year. 68% of full-time MBAs received some form of financial aid for the 2004-2005 academic year.

Of those who received financial aid for the 2004-2005 academic year, 60% received institutional scholarships, 4% received assistantships, and 65% received loans.

Average financial aid package for the 2004-2005 academic year (includes scholarships, assistantships, and loans) $20,104
Scholarships: Based on academic merit


53 full-tuition scholarships were awarded by the school to full-time MBAs for the 2004-2005 academic year.

How does an applicant apply for scholarship consideration?
All candidates are considered for scholarship


Average scholarship awarded $17,280
Guaranteed loan offered? 2 No
Maximum amount students can borrow n/a
Average outstanding loans for 2004 graduates $60,731

Financial aid Web site


(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 Rice
Hired as of July 2001
 
Program director Karen Maccaro
 
Admissions director Kate Klepper
 
Financial aid director Melissa Shaak
 
Career services director David Fetherston
 
Alumni relations director Peter Ramsey

 
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BABSON INSIDER CONTENT
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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    



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