=Subscribers Only

COLUMNS FORUMS NEWSLETTERS PERSONAL FINANCE SEARCH SPECIAL REPORTS TOOLS VIDEO VIEWS
2005 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: mbaadmission@babson.edu
Web links: B-school Web site
Directions to school
 Getting In  Academics & Lifestyle Careers & Alumni Affairs

B-SCHOOL & PROGRAM BASICS

Classes begin Aug. 30, 2006

Year program was founded 1951
Institution is U.S., Private
Business school accreditation:
  AACSB
  New England Association of Schools and Colleges
Length of program 18 months

Enrollment
Total graduate business students 1,485
Full-time MBA students 375
Part-time MBA students 990
Distance MBA students 84
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 full-time class size in past academic year n/a

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 29%
International students 1 46%
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 5%
Mexican American students n/a
Puerto Rican students n/a
Other Hispanic American students 1%
White (non-Hispanic) students 35%
Multiethnic/Multiracial students 2%
Not reported 10%
Other n/a

Students from the following regions:
Africa n/a
Asia 27%
Eastern and Central Europe and Central Asia n/a
Latin America and the Caribbean 11%
Middle East 2%
North America
 (Canada: 2% / U.S.: 98%)
55%
Oceania 1%
Western Europe 4%

North American students by region:
Canada 2%
Mid-Atlantic U.S. 10%
Midwest U.S. 1%
Northeast U.S. 64%
South U.S. 1%
Southwest U.S. 1%
U.S. Possessions and territories n/a
West U.S. 16%

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

CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores - Historical Chart
20052004200320022001
Average623630644643637
Median620630640640640
Range (middle 80%)550 - 700550 - 710580 - 710590 - 720570 - 710

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

Work Experience (months)
Average 64
Median 60
Range (middle 80%) 24 - 108
New entrants with one year or less of work experience 1%

Student Age (years)
Average 28
Median 28
Range (middle 80%) 24 - 33

Salary
Average base salary forgone to enter program n/a
Median base salary forgone to enter program n/a


ADMISSIONS

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

551 people applied to the full-time MBA program in 2005. The school accepted 69% (selectivity) of those applicants, and 43% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
20052004200320022001
Selectivity69%59%43%39%41%
Yield43%45%47%41%47%

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

The B-school placed 72 applicant(s) on its wait list. 10 wait-listed applicants were admitted to the semester for which they applied.

Applicant Profile:
Female applicants 29%
International applicants 1 55%

Interviews for MBA applicants are:
Required

In 2005, the B-school interviewed 79% 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)
Program Cost - Historical Chart
20052004200320022001
Resident$63,088$59,800$55,888$55,600$25,710
Nonresident$63,088$59,800$55,688$55,600$25,710
Expected monthly rent $1,000
Recommended annual budget (Resident) 1 $52,102
Recommended annual budget (Nonresident) $52,102

2005-2007 DEADLINES:
Application deadline(s)
All applicants:  Nov. 30, 2005
All applicants:  Jan. 31, 2006
All applicants:  Mar. 15, 2006
All applicants:  Apr. 15, 2006
All applicants:  Nov. 30, 2006
All applicants:  Jan. 31, 2007
All applicants:  Mar. 15, 2007
All applicants:  Apr. 15, 2007

Rolling admissions? No

Deadline(s) for scheduling an interview
All applicants:  May 1, 2006
All applicants:  May 1, 2007

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 2005-2006 academic year. 69% of full-time 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, 64% received institutional scholarships, 6% received assistantships, and 67% received loans.

Average financial-aid package for the 2005-2006 academic year (includes scholarships, assistantships, and loans) $19,380
Median financial-aid package for the 2005-2006 academic year (includes scholarships, assistantships, and loans) n/a
Range of financial-aid packages $1,750 - $48,080
Scholarships: Based on a combination of need and merit


44 full-tuition scholarships were awarded by the school to full-time MBAs for the 2005-2006 academic year.

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


Average scholarship awarded $16,311
Guaranteed loan offered? 2 Yes
Maximum amount students can borrow $40,000
Average outstanding loans for 2005 graduates $63,209
Total money distributed to MBAs in past academic year $4,192,300

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 P. Rice
Hired as of June 2001
 
Program director Tracee Petrillo
 
Admissions director n/a
 
Financial aid director Melissa Shaak
 
Career services director David Fetherston
 
Alumni relations director Peter Ramsey

 
  PROFILE TOOLS
Return to Full-Time Profiles
Printer-Friendly Version
  RELATED LINKS
BABSON INSIDER CONTENT
Admissions Q&A
Admission Interview Tips
Best Schools for Entrepreneurship

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    



 Getting In  Academics & Lifestyle Careers & Alumni Affairs

  MBA INSIDER >>
Get advice and tools that will help you choose the right school -- and develop a strategy for getting accepted.
Find Out More!
  MBA EXPRESS >
Get our twice-monthly newsletter e-mailed to you






Media Kit | Special Sections | MarketPlace | Knowledge Centers
McGraw-Hill Cos.