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2004 PART-TIME MBA PROFILE
Babson College
Franklin W. Olin Graduate School of Business — Evening MBA Program
Address: F.W. Olin Graduate School of Business
Babson College
Babson Park, MA 02457
E-Mail:
Web links: n/a
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B-SCHOOL & PROGRAM BASICS

Classes begin Sept. 7, 2004
Jan. 27, 2005

Year program was founded 1961
Institution is U.S., Private
Business school accreditation:
AACSB

Enrollment
Total graduate business students 1,594
Part-time MBA students 1,046
Distance MBA students 77
Full-time MBA students 359
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 part-time class size in past academic year -19%
Average number of months to complete part-time program 42
Maximum number of months permitted to complete part-time program 96
Part-time program completion rate n/a
School offers a separate full-time MBA program? Yes
Possible for students to change status from part-time to full-time? No
     At what point?  n/a

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 27%
International students 1 24%
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 8%
Mexican American students n/a
Puerto Rican students n/a
Other Hispanic American students 1%
White (non-Hispanic) students 49%
Multiethnic/Multiracial students 2%
Not reported n/a
Other 39%

CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores - Historical Chart
2004200320022001
Average608594608597
Median610590600590
Range (middle 80%)500 - 700500 - 690530 - 700500 - 690

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 * n/a
Minimum TOEFL score required * 600
* Paper-based equivalent

Work Experience (months)
Average 77
Range (middle 80%) n/a - n/a
New entrants with one year or less work experience 0%

Student Age (years)
Average 29
Range (middle 80%) n/a - n/a

Salary
Average base salary of entering students n/a
Range (middle 80%) n/a - n/a


Entering students employed in the following function areas:
Consulting 10
Finance/Accounting 24
General Management 18
Human resources 0
Marketing/Sales 18
Management Information Systems 0
Operations/Logistics 0
Other 30


Entering students employed in the following industries:
Government 0
Manufacturing 5
Non-Profit 0
Services 44
Other 51


TOP CORPORATE CUSTOMERS

Organizations that send the most participants to the part-time MBA program:

OrganizationNo.
1. Fidelity48
2. State Street15
3. EMC14
4. Boston Scientific13
5. Bose11
6. Liberty Mutual10
7. ParaMetric Tech10
8. Teradyne9
9. Putnam8
10. Fleet7
11. IBM7
12. John Hancock7
13. Staples7
14. Wellington Management7
15. Gillette6


ADMISSIONS

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

242 people applied to the part-time MBA program in 2004. The school accepted 72% (selectivity) of those applicants, and 78% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
2004200320022001
Selectivity72%83%85%82%
Yield78%85%74%72%

The B-school placed 0 applicant(s) on its wait list. n/a wait-listed applicants were admitted to the semester for which they applied.

Interviews for MBA applicants are:
Not offered

In 2004, the B-school interviewed n/a of its part-time MBA applicants, and n/a of its admitted applicants.

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

COSTS AND DEADLINES

COSTS:
Estimated TOTAL (not annual) cost of part-time MBA program (U.S. dollars)
2004200320022001
Resident$56,790$51,360$49,140$46,560
Nonresident$56,790$51,360$49,140$46,560

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

Rolling admissions? Yes

Deadline(s) for scheduling an interview
n/a

Financial aid deadline(s)
n/a

FINANCIAL AID

FINANCIAL AID:
Part-time MBAs whose education is partially covered by employer n/a
Part-time MBAs whose education is 100% covered by employer n/a

Part-time MBAs apply for financial aid through a
n/a

Scholarships are based on
academic merit
22% of part-time MBAs applied for financial aid for the 2004-2005 academic year. 16% of part-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, 6% received institutional scholarships, 0% received assistantships, and 97% received loans.

Average financial aid package for the 2004-2005 academic year (includes scholarships, assistantships, and loans) $7,962

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

Applicants apply for scholarship consideration n/a


Average scholarship awarded $1,000
Guaranteed loans offered to part-time MBAs? 2 No
Maximum amount students can borrow n/a
Average outstanding loans for 2004 graduates $38,983



(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 Cesilia Cha
 
Admissions director n/a
 
Financial aid director n/a
 
Career services director n/a
 
Alumni relations director n/a

 
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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
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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    



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