Go To Businessweek.com
Distance MBA Profile Publish Date 05/27/12

Babson College

Olin Graduate School of Business

  • Program Basics

      • F.W. Olin Graduate School of Business
      • Fast Track MBA
      • Olin Hall
      • Babson Park, 02457, Massachusetts
      • United States
      • Status Private
      • Distance MBAs graduating since distance program's founding 824
      • Distance MBA students who enroll in the program who go on to graduate within six years 90 %
      • Average number of months to complete the distance MBA program 21
      • Maximum months permitted to complete the distance MBA program 96
      • If the distance MBA program has a set program length, how long is it, in months? 21
      • Do individual online courses have a time limit for completion? Yes
      • Does the school offer a separate on-campus, full-time MBA program? Yes
      • Can students transfer from distance program to full-time program? Yes
      • At what point can this be done? During matriculation dates for each of the full-time programs
      • Are there specific locations from which students must attend the distance MBA program? Yes
      • Is the distance MBA program open to students from other states? Yes
      • Is the distance MBA program open to students from other countries? Yes
      • Students living more than 45 miles from school 53 %
      • Distance MBA students have full student privileges to use the following
        • School library
        • School gymnasium / athletic center
        • Student rates for tickets
        • School career office

  • School Basics

    • Graduate business school enrollment

      • Total: 1,373
      • Full-Time MBA: 392
      • Part-Time MBA: 930
      • Executive MBA: 0
      • PhD Program: 0
      • Undergraduate business school enrollment 2,007
      • Graduate degree programs
        • Master of Accounting
        • Other
      • Other graduate degree programs
        • Certificate in Advanced Management

  • PROGRAM COSTS

    • Total direct costs (tuition and required fees) of the entire program

      • Residents $73,898.00
      • Non-Resident $73,898.00

  • ADMISSIONS

    • Application fee for distance MBA program

      • Residents $100.00
      • Non-Resident $100.00
      • Applications (admitted and denied) to the newest distance MBA class 123
      • Applicants who were accepted to the most recent distance class 98 %
      • Admitted applicants who enrolled in the newest distance MBA class 76 %
      • Are applicant interviews required for the distance MBA program? By invitation only
      • Does the program offer rolling admissions? Yes

  • CLASS PROFILE

    • Students are from the following regions

      • Africa 0 %
      • Asia 5 %
      • Europe 0 %
      • North America 91 %
      • Oceania 0 %
      • Latin America and the Caribbean 4 %
      • Dual citizenship 8 %

    • What percentage of U.S. citizens in the newest entering class are from the following regions?

      • West 23 %
      • Midwest 1 %
      • Southwest 3 %
      • South 0 %
      • Mid-Atlantic 6 %
      • Northeast 67 %
      • Possessions and territories 0 %

    • U.S. students in the newest entering class are from the following groups

      • African American 8 %
      • Asian American 8 %
      • Hispanic or Latino American 5 %
      • Multiethnic/Multiracial 4 %
      • Native American 0 %
      • White (Non-Hispanic) 71 %
      • Chose not to report 3 %
      • Other 1 %

    • Postgraduate work experience (months)

      • Mean 124
      • Median 119
      • One year or less 4 %

    • Middle 80% range

      • From 52
      • To 216

    • Base salary of entering distance MBA students

      • Mean: $97,296.00
      • Median: $88,565.00
      • Middle 80% range: From: $50,000.00
      • Middle 80% range: To: $150,000.00

    • Age of new entrants to distance MBA program:

      • Mean 35
      • Median 34

    • Entering distance MBA students who work in the following industries

      • Government (Federal, State, Local, Military) 5 %
      • Consulting 6 %
      • Consumer Products 5 %
      • Financial Services 7 %
      • Manufacturing 3 %
      • Media/Entertainment 1 %
      • Non-Profit 1 %
      • Petroleum/Energy 1 %
      • Pharmaceutical/Biotechnology/Health care Products 18 %
      • Real Estate 3 %
      • Technology 21 %
      • Other 29 %

  • FINANCIAL AID

      • Distance MBAs apply for financial aid through Central financial aid office at the university
      • Distance MBAs who applied for financial aid for the current academic year 1 %
      • Distance MBAs receiving financial aid through school 1 %

    • Percentage of distance MBA students applying for financial aid for the upcoming academic year who received

      • Institutional Scholarships 1 %
      • Assistantships 0 %
      • Loans 38 %

    • Financial aid for new entrants for the current academic year

      • Mean $0.00
      • Median $0.00

    • Middle 80% range of financial aid packages

      • From $0.00
      • To $0.00
      • On what basis are scholarships awarded? Other
      • Full-tuition scholarships for current academic year 0
      • How does an applicant apply for scholarship consideration? unique scholarship application
      • Average scholarship awarded to distance MBA students $10,000.00
      • Percentage of first-year scholarship recipients who receive the same amount or more in their second year: 0 %
      • Does the school offer a guaranteed loan regardless of nationality to Distance MBA students? No

  • GMAT

      • Are applicants required to take the GMAT? No
      • Are applicants allowed to submit the GRE? Yes
      • If not, how are applicants' quantitative abilities checked before enrollment? GMAT scores are not required for most applicants to the Fast Track MBA Program.  The admissions committee may determine that a GMAT score is needed if the initial review of application materials (including transcripts from all academic institutions attended) reveals specific areas of concern or question.
      • Is the TOEFL required for non-English speakers? Yes
      • Minimum TOEFL score required for MBAs: 600

  • CONTACT INFORMATION

  • FACULTY

      • Faculty employed by the B-school: 209

    • Full-time faculty:

      • Tenured: 90
      • Non-Tenured: 48

    • Adjunct/Visiting Faculty:

      • Tenured: 0
      • Non-Tenured: 71

    • Women on Faculty:

      • Tenured: 24
      • Non-Tenured: 30

    • Minority Faculty:

      • Tenured: 15
      • Non-Tenured: 16

    • International Faculty:

      • Tenured: 14
      • Non-Tenured: 16

    • Faculty with PhDs:

      • Tenured: 90
      • Non-Tenured: 48
      • Faculty who are also members of company boards of directors or advisors 6 %
      • Faculty who have owned their own business: 12 %

    • Distance program faculty who:

      • Teach in the school's full-time MBA program: 67 %
      • Have tenure: 45 %
      • Are adjuncts: 33 %
      • Have at least 5 years corporate experience: 51 %

  • STUDENT LIFE

      • Professional clubs available to distance MBA students:
        • Other
        • Biotech/Health care
        • Corporate Social Responsibility/NetImpact
        • Entrepreneurship
        • Finance
        • Information Technology
        • Marketing
        • Investment Banking
        • Nonprofit
        • Consulting
        • Media & Entertainment
        • Business Ethics
        • Environmental
        • High Tech
        • VC/ Private Equity
      • Networking clubs available to distance MBA students:
        • Other
        • Black MBA Association
        • Hispanic Student Organization
        • Volunteer
        • Women in MBA
        • Gay/Lesbian/Bisexual
        • International Club
        • Wine
        • Partners/Family

  • STUDENT LIFE

      • The distance MBA program is delivered by:
        • Internet/Web-based delivery
        • Online forums
        • E-mail
        • Textbooks
        • Other
      • Are faculty members required to travel to off-campus sites to meet with distance MBA students? Yes

    • Estimated number of hours a student will spend working in the class and outside the classroom:

      • Hours per week in class: 0
      • Hours per week outside of class: 20
      • Does the program offer 24-hour technical support? Yes
      • Classes meet:
        • Evenings
        • Other
        • Occasional week-long sessions
        • Days
      • Final exams are administered: online using a combination of group and individual exams
      • Average number of students in a distance MBA core class: 38
      • Average number of students in a distance MBA elective class: 28
      • Elective courses available to distance MBA students: 67

    • Electives that have been recently added to the distance program:

      • Capital Markets
      • Year of last major change or significant overhaul to the core MBA curriculum: 2012
      • Concentrations and specializations offered to distance MBA students:
        • Finance
        • International Business
        • Marketing
      • If the school offers joint-degree programs, can distance MBA students participate? No
      • Does the school offer an accelerated distance MBA program? No
      • Leading areas of study for distance MBA students are:
        • Finance
        • General Management
        • International Business
        • Leadership
        • Entrepreneurship
      • Requirements for graduation:
        • Students must have attended a minimum number of classes
        • Students must have earned a pre-determined GPA/Letter grade average
        • Students must write a complete business plan
      • Other Requirements for graduation: NA
      • If distance MBA students are required to spend time on campus, please explain: Students are required to attend classes every 7 weeks for 2.5 days on their respective campus. There are 16 on-campus weekends that are required in the 21 months to completion.
      • Number of credits or credit hours required to complete distance MBA program: 46
      • If applicable, are distance MBA students invited to campus for graduation? Yes
      • Does the distance program diploma distinguish whether the student earned the degree on-campus or off? No

  • TECHNOLOGY

      • Technology improvements in the last three academic years: Upgraded network core, new computer and storage platforms in data center, ten-fold increase in internet bandwidth, Enhanced 911, PowerSave software, launched new College web site, Right Answers self-help knowledgebase, professional video studio, Qualtrics survey tool for campus, 42” LCD panels in all study rooms, digital signage, 24x7 help desk, telepresence rooms, classroom capture hardware/software, upgrade to Blackboard 9.0, Lenovo T420s for each undergraduate student.
      • Amount spent: $11,000,000.00

  • CAREER SERVICES

      • Do distance MBA students have access to a career development office? Yes
      • When in the degree process are they able to use the service? At any time
      • Do distance MBAs have access to an alumni database? Yes
      • Are distance MBAs permitted to interview on campus for summer internships? Yes
      • Are distance MBAs permitted to interview on campus for full-time jobs? Yes
      • Are distance MBAs included in resume drops for prescreening by recruiters? Yes
      • Career services Web site URL: http://www.babson.edu/graduate/career-development/Pages/default.aspx

Getting In

B-School Life

Finding a Job

Paying the Bills