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2005 DISTANCE MBA PROFILE
Babson College
Franklin W. Olin Graduate School of Business — Fast Track MBA Program
Address: Babson College
Babson Park
Wellesle, MA 02457
E-Mail: mbaadmission@babson.edu
Web links: http://www.babson.edu/fasttrack
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B-SCHOOL & PROGRAM BASICS

Classes begin Jan. 9, 2006
Sept. 11, 2006
Jan. 8, 2007
Sept. 10, 2007

Year distance program was founded 2001
Institution is U.S., Private
Business school accreditation:
AACSB
New England Association of Schools and Colleges

Enrollment
Total graduate business students 1,485
Distance MBA students 84
Part-time MBA students (not including distance program) 990
Full-time MBA students 375
Executive MBA students n/a
PhD program students n/a
Doctorate of Business Administration (DBA) students n/a
 
Total undergraduate business students 1,725
 
Change in distance MBA class size in past academic year -16%
If the distance program has a set length, how long is it (months)? 26 months
Average number of months to complete distance program 26
Maximum number of months permitted to complete distance program 96
Distance program completion rate 88%
School offers a separate full-time MBA program? Yes
Possible for students to change status from distance program to full-time? Yes
At what point?
1
Are there specific locations from which students must attend the distance MBA program (i.e. satellite television receiving sites, etc.) Yes
Is the distance-learning program available to students from outside the COUNTRY in which the program is located? Yes
Is the distance-learning program available to students from outside the STATE in which the program is located? Yes

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 7%
International students 1 31%
Married students 2 n/a

For U.S. schools only:
African American students n/a
Alaskan Native of Pacific Islander American students n/a
Asian American students 7%
Mexican American students n/a
Puerto Rican students n/a
Other Hispanic American students 2%
White (non-Hispanic) students 77%
Multiethnic/Multiracial students 2%
Not reported 2%
Other 2%

Percent of students who are citizens of countries in the following regions:
Africa 4%
Asia 21%
Eastern and Central Europe and Central Asia n/a
Latin America and the Caribbean n/a
Middle East n/a
North America
 (Canada: n/a / U.S.: n/a  )
72%
Oceania n/a
Western Europe 2%
Percentage of students with dual citizenship n/a

North American students by region:
Canada n/a
Mid-Atlantic U.S. n/a
Midwest U.S. 2%
Northeast U.S. 64%
South U.S. n/a
Southwest U.S. 11%
U.S. Possessions and territories n/a
West U.S. 22%

New students who live outside a 45-mile radius from the school 50

(1) Students from countries other than the school's home country.
(2) BusinessWeek is hoping to provide more data for those applicants with partners and spouses who may follow them to B-school.

CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores - Historical Chart
20052004200320022001
Average622633n/a639619
Median610630n/a650620
Range (middle 80%)530 - 720500 - 720n/a580 - 710490 - 740

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 127
Median 96
Range (middle 80%) 60 - 252
New entrants with one year or less work experience n/a

Student Age (years)
Average 34
Median 32
Range (middle 80%) 28 - 45

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


Entering students employed in the following function areas:
Consulting 5
Finance/Accounting 10
General Management 20
Human resources n/a
Marketing/Sales 10
Management Information Systems 2
Operations/Logistics 50
Other 3


Entering students employed in the following industries:
Government 0
Manufacturing 45
Non-Profit 10
Services 35
Other 10


TOP CORPORATE CUSTOMERS

Organizations that send the most participants to the distance MBA program:

OrganizationNo.
1. Intel78
2. Brigham & Women's Hospital3
3. Blackwell Publishing3
4. EMC Corporation2
5. Fidelity Investments2
6. Eleven Technology, Inc.1
7. Gillette1
8. General Electric1
9. Honeywell1
10. ViryNet1
11. TYCO1
12. Nortel Networks1
13. McKinsey & Company1
14. PANalytical1
15. Citigroup1


ADMISSIONS

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

66 people applied to the distance MBA program in 2005. The school accepted 87% (selectivity) of those applicants, and 78% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
2004200320022001
Selectivity80%n/an/a73%
Yield70%n/an/a73%

The B-school placed n/a 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:
Recommended

In 2005, the B-school interviewed n/a of its distance 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 distance MBA program (U.S. dollars)
Program Cost - Historical Chart
2004200320022001
Resident$60,450n/a$55,000$52,500
Nonresident$60,450n/a$55,000$52,500

2005-2007 DEADLINES:
Application deadline(s)
n/a

Rolling admissions? Yes

Deadline(s) for scheduling an interview
n/a

Financial aid deadline(s)
All applicants:  July 15, 2006

FINANCIAL AID

FINANCIAL AID:
Distance MBAs whose education is partially covered by employer n/a
Distance MBAs whose education is 100% covered by employer 51%

Distance MBAs apply for financial aid through a
Central financial aid office at the university

8% of distance MBAs applied for financial aid for the 2005-2006 academic year. 6% of distance MBAs received some form of financial aid for the 2005-2006 academic year.

Of those who received financial aid for the 2005-2006 academic year, 0% received institutional scholarships, 0% received assistantships, and 86% received loans.

Average financial aid package for the 2005-2006 academic year (includes scholarships, assistantships, and loans) $6,374
Median financial aid package for the 2005-2006 academic year (includes scholarships, assistantships, and loans) $6,370
Range $4,250 - $8,500

SCHOLARSHIPS:
Scholarships are based on
a combination of need and merit
0 full-tuition scholarships were awarded by the school to distance MBAs for the 2005-2006 academic year.

Applicants apply for scholarship consideration n/a


Average scholarship awarded $0
Percentage of returning part-time MBA students who receive the same amount of scholarship or more after the second year 0%

Does the school offer a guaranteed loan to all MBAs, regardless of nationality? Yes
Maximum amount students can borrow $40,000
Average outstanding loans for 2005 graduates $42,228
Total money distributed to MBAs through the financial aid office in the past academic year 99234
Web link: Financial aid Web site



(1) 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 June 2001
 
Program director Kira Zaiger
 
Admissions director James Garvin
 
Financial aid director Melissa Shaak
 
Career services director David Fetherston
 
Alumni relations director Peter Ramsey

 
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Part-time '04 | '03 | '02 | '01 | '00
Exec ed '03 | '01
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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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