Program Basics

• • Two Year MBA
  • F.W. Olin Graduate School of Business
  • Olin Hall
  • ma
  • Babson Park, 02457, Massachusetts
  • United States
  • Program Web site: http://www.babson.edu/graduate/academics/mba/two-year
  • Status: Private
  • Program e-mail address: mbaadmission@babson.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)
    • Other
    • EQUIS

SCHOOL BASICS

• Graduate business school enrollment:

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

PROGRAM COSTS

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

  • Resident: $94,706.00
  • Nonresident: $94,706.00
  • Recommended annual budget (Resident): $66,373.00
  • Recommended annual budget (Nonresident): $66,373.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2012
  • Deadline: Nov 1, 2011
  • Semester: Fall 2012
  • Deadline: Jan 15, 2012
  • Semester: Fall 2012
  • Deadline: Feb 15, 2012
  • Semester: Fall 2012
  • Deadline: Apr 1, 2012
• • Does the program have rolling admissions? No
  • Is proficiency in English required for admission? Yes
  • Is a minimum score on an English language proficiency test required? Yes

• Which English language proficiency tests are accepted?

  • • IELTS
    • TOEFL Internet Based Test
• • Minimum paper-based TOEFL score required for MBAs: 600

• Relative Importance of Application Elements:

  • GMAT Score: Very Important
  • Resume/Work Experience: Very Important
  • Application Essays: Very Important
  • Interviews: Very Important
  • Recommendations: Very Important
  • Undergraduate Transcripts: Very Important

APPLICANTS

• • Applications (admitted and denied) to the newest class: 512
  • Applicants who were accepted to the most recent class: 70 %
  • Admitted applicants who enrolled in the newest class: 44 %
  • Applicants who were re-applicants from prior years: 3 %
  • Percentage of this year's reapplicants accepted: 69 %
  • Applicants wait-listed during the last admissions cycle: 109
  • Wait-listed applicants admitted for the semester to which they applied: 19
  • Applicant interviews are: By invitation only
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • International applications received: 60 %
  • Applications from women received: 30 %
  • Mean base salary forgone: $40,121.00
  • Median base salary forgone: $39,000.00

CLASS PROFILE

• Full-time students in newest entering class (2010-2011) that are:

  • Female: 29 %
  • International: 49 %

• Students from following regions:

  • Africa: 0 %
  • Asia: 28 %
  • Europe: 2 %
  • North America: 58 %
  • Latin America and the Caribbean: 11 %
  • Oceania: 1 %
  • Dual citizenship: 13 %

• Percentage of U.S. students in newest entering class that are:

  • African American: 1 %
  • Asian American: 17 %
  • Hispanic or Latino American: 4 %
  • Multiethnic/Multiracial: 4 %
  • Native American: 0 %
  • White (Non-Hispanic): 62 %
  • Chose not to report: 6 %
  • Other: 4 %

• Percentage of U.S. students in newest entering class who are from the following regions:

  • Northeast: 66 %
  • Mid-Atlantic: 7 %
  • South: 10 %
  • Southwest: 4 %
  • Midwest: 1 %
  • West: 12 %
  • Possessions and territories: 0 %
• • Mean months of work experience of newest entering class: 54
  • Median months of work experience of newest entering class: 49

• Middle 80% range of work experience of newest entering class in months:

  • From: 24
  • To: 88
• • Median age of entering class: 27
  • Mean age of entering class: 27

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Central financial aid office at the university
  • Full-time MBAs who applied for financial aid for the current academic year: 100 %
  • Full-time MBAs receiving financial aid in the current academic year: 56 %
  • Mean MBA financial aid package for the current academic year: $17,534.00
  • Median MBA financial aid package for the current academic year: $18,000.00
  • On what basis are scholarships awarded?
    • a combination of need and merit
  • How does an applicant apply for scholarship consideration? all candidates are considered for scholarship
  • Mean scholarship awarded to full-time MBAs in the previous academic year: $16,727.00
  • Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study: 98 %
  • Does the school offer a guaranteed loan to all MBAs regardeless of nationality? No
  • Mean outstanding debt among the most recent graduates from the full-time MBA program: $75,374.00

GMAT

• • Are applicants required to take the GMAT? Yes
  • Are applicants allowed to submit the GRE? Yes

• GMAT score distribution (applicant pool):

  • 25th Percentile 580
  • Average GMAT Score 618
  • 10th Percentile 530
  • 75th Percentile 670
  • 50th Percentile (median) 620
  • 90th Percentile 710

• GMAT score distribution (incoming class):

  • 10th Percentile 530
  • 25th Percentile 570
  • 50th Percentile (median) 610
  • 90th Percentile 710
  • 75th Percentile 670
  • Average GMAT Score 616

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 53
  • Average number of students in a full-time MBA elective class: 26
  • Elective courses available to full-time MBA students: 60

• Electives that have been added to the full-time program since June 30, 2010:

  • Entrepreneurship in Healthcare Technology
  • Design Thinking EPS Thought and Action
  • E-Marketing Strategy and Tactics of Pricing
  • Personal Finance Management
  • Healthcare Ecosystems

• Concentrations and specializations offered to full-time MBA students:

  • • Finance
    • Marketing
  • Global Management
• • Does the school offer an accelerated full-time MBA program? Yes

• The school believes that its leading areas of study for full-time MBA students are:

  • • Finance
    • General Management
    • Entrepreneurship
    • Marketing
    • International Business

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

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Biotech/Health care
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Other
    • Business Ethics
    • Finance
    • Marketing
    • Nonprofit
    • VC/ Private Equity
    • Environmental
    • High Tech
    • Information Technology
    • Investment Banking
    • Media & Entertainment

• Networking clubs available to full-time MBA students:

  • • Black MBA Association
    • Hispanic Student Organization
    • International Club
    • Partners/Family
    • Women in MBA
    • Other
    • Volunteer
    • Gay/Lesbian/Bisexual
    • Wine

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 45 %
  • Experiential Learning: 10 %
  • Lectures: 5 %
  • Simulations: 5 %
  • Team Projects: 35 %

• Requirements for graduation:

  • • Students are required to complete international experience
    • Students must complete a company-specific project and present results to relevant parties
    • Students must have attended a minimum number of classes
    • Students must have earned a pre-determined GPA/Letter grade average

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

B-SCHOOL ALUMNI

• • Living MBA alumni: 17,374
  • Active MBA alumni clubs: 20
  • Countries in which MBA clubs exist: 16
  • Living MBA alumni who gave in past year: 5 %
  • Mean gift from MBA alumni: $200.00
  • Median gift from MBA alumni: $1,373.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Business School endowment: $243,033,744.00
  • Does the main university offer career placement services for alumni? Yes
  • Does the main university have an alumni networking Web site? Yes
  • University alumni networking site: http://www.babson.edu/alumni
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.babson.edu/alumni
  • Does the B-SCHOOL offer career services for alumni? Yes
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Graduates seeking full-time professional MBA employment: 68 %
  • Graduates not seeking employment: 20 %
  • Graduates for whom you have no information regarding employment: 12 %

• Annual job-searching trips that the school coordinates or participates in:

  • Destination: New York - Wall Street and others
  • Month: November
  • Amount Paid By School: Partial
  • Destination: Miami - Variety of Companies
  • Month: January
  • Amount Paid By School: Partial

• Primary source of job offer:

  • School-facilitated activities: 37 %
  • Graduate-facilitated activities: 73 %
  • No information provided by graduate: 0 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 55 %
  • Received first job offer in three months following graduation: 28 %
  • Received first job offer more than 3 months after graduation: 1 %
  • Did not report having received a job offer: 16 %
  • Accepted first job offer by graduation: 55 %
  • Accepted first job offer in three months following graduation: 28 %
  • Accepted first job offer more than 3 months after graduation: 1 %
  • Did not report having accepted a job offer: 16 %

• Top recruiting organizations most recent academic year:

  • Deloitte 4
  • EMC 3
  • Athena Health 2
  • Sovereign Bank 2
  • Fidelity 1
  • Amazon 1
  • Barclays Capital 1
  • Bose 1
  • PA Consulting 1
  • GE 1
  • Hubspot 1
  • IBM 1
  • Staples 1
  • Simon Kucher Partners 1
  • WR Grace 1
• • Job-accepting graduates who received a signing bonus: 35 %

• Base salary, signing bonuses and other compensation for most recent employed graduates:

  • Mean base salary: $82,841.00
  • Median base salary: $90,000.00
  • Mean signing bonus: $14,706.00
  • Median signing bonus: $10,000.00
  • Mean other guaranteed compensation: $21,357.00
  • Median other guaranteed compensation: $15,000.00

• Graduating students who accepted jobs in the following functional areas:

  • Consulting: 13 %
  • Finance/Accounting: 18 %
  • General Management: 18 %
  • Human Resources: 1 %
  • Marketing/Sales: 31 %
  • Management Information Systems: 5 %
  • Operations/Logistics: 5 %
  • Other: 9 %

• Graduating students who accepted jobs in the following industries:

  • Government: 0 %
  • Consulting: 11 %
  • Consumer Products: 25 %
  • Financial Services: 21 %
  • Manufacturing: 6 %
  • Media/Entertainment: 0 %
  • Non-Profit: 2 %
  • Petroleum/Energy: 1 %
  • Pharmaceutical/Biotechnology/Health Care: 11 %
  • Real Estate: 3 %
  • Technology: 15 %
  • Other: 5 %

• Graduates who accepted full-time jobs in the following regions:

  • Africa: 1 %
  • Asia: 13 %
  • Europe: 1 %
  • North America: 80 %
  • Oceania: 1 %
  • Latin America and the Caribbean: 4 %

• Within the U.S., graduates who accepted full-time jobs in the following regions:

  • Northeast: 90 %
  • Mid-Atlantic: 1 %
  • South: 1 %
  • Southwest: 1 %
  • Midwest: 1 %
  • West: 6 %
  • Possessions and territories: 0 %

• Top recruiting organizations for internships, most recent academic year:

  • Waters 3
  • Smith and Nephew 3
  • Green Mountain Coffee 3
  • Athena Health 3
  • ALTA Ventures 2
  • CocoMama 2
  • EMD Serono 2
  • Fidelity 2
  • First Commons Bank 2
  • Invomex 2
  • New Balance 2
  • Staples 2
  • STC Biologics 2
  • IBM 1
  • Covidien 1
• • Internships awarded that are paid: 87 %

• Weekly internship compensation:

  • Mean: $1,000.00
  • Median: $1,400.00
• • Average internship length in weeks: 10

• • -Babson offers an excellent value for the cost, as there are substantial scholarships available. The student body is also extremely diverse allowing for interesting networking opportunities both with full time students and evening students who are currently employed.
    
    -Babson offers something different from most B-school's that a career finance person would pursue (such as a Wharton or HBS). The opportunity to work with so many entrepreneurial spirits and apply your finance knowledge on their projects are much more applicable to working in private equity or venture capital, than simply competing with Wall Streeters on financial theory classes.
    
    -Babson is not a typical recruiting ground for 'classic' MBA-types such as investment banking or management consulting, neither of which greatly interested me. Most of my peers did not fit this profile either, which made for a greater diversity of interests.
    
    -Babson's focus on entrepreneurship within their MBA program is vital to identifying, assessing and capitalizing on the opportunities that exist in the changing landscape of business. Given the rate of change happening in developing countries, and the changes resulting from the externalities of the economic downturn, I feel Babson's focus on entrepreneurship has provided me with the tools to weather any economic storm, be it within the framework of a large corporation, or out on my own as a start up entrepreneur.
    
    -Babson is a knockout. Perfect blend of hard work, creativity, and people who are interested in learning. If I didn't go back to school I'd still be close minded.
    
    -I believe some entrepreneurs would likely be better off spending tuition money instead on growing their business, as the opportunity cost of dedicating vast amounts of time to coursework (sometimes remedial--depending on the individual) could be substantial. The career advisory services aren't necessarily inept--they're dealing with an almost unmanageable mish-mash of students who do not have a well-define sense of direction in terms of their career. If an applicant knows exactly what they want to get out of their return to school--and it aligns with Babson's offerings--then I would encourage a friend/colleague to enroll wholeheartedly...Babson is entirely what the student wants to make of it--and that requires vision.
    
    -Babson MBA provided me a different way of thinking and trained me well to be a future leader. I got more than I thought when I decided to leave Asia and come to the U.S. I apply what I learned in school to my work and I feel very confident to be able to do everything and work well in any kind of team. We always joke: "I can lead monkeys and make them to do teamwork because I have worked in so many different teams in Babson."
    
    -I earned my MBA for two main reasons: Enhancing knowledge and to get a better job. While I firmly believe that Babson's professors are top notch and I learned a great deal, I cannot help but be extremely disappointed at the lack of effort on behalf of the career, coaching and development department. When I spoke to a career counselor post graduation about all my efforts, (countless job applications, using my professional network, alumni network, traveling to networking events along the entire east coast, etc) I was simply told to "network more" and "use LinkedIn." The role of CCD is to help a graduate/student get a job. The amount of companies recruiting on campus was laughable and I had to attend recruiting events at neighboring universities (MIT, Harvard, Bentley, BC, BU).
    
    -Babson has outstanding potential--and if an applicant wants to be surrounded with ambitious, free-thinking students from around the globe, it has much to offer. The school identifies itself as a leader in entrepreneurship, but the message is mixed: do graduates emerge as founders of companies, assist founders of companies, or work for companies that need strategic thinkers? It could be all three, but the curriculum--and supporting services--to not effectively cater to any of the three unless the student has an outstanding sense of vision and creatively structures their experience. Those who do not are left at graduation scratching their heads as to what they're going to do next...and some (unfortunately) return to their former employers as means of following the path of least resistance. Undeniably, the economy has an hand in this phenomenon; however, there has never been a better reason for Babson (Olin) to reconsider their identity, what their brand means in the workforce, and how they can empower their graduates to strategically emerge as leaders and true entrepreneurs--in every sense of the word.
    
    -The first year curriculum at Babson is fantastic. The teachers are very dedicated and the amount of work prepares you to work quickly and prioritize. If you want to learn business or start a company, there is no better place than Babson. It will prepare you for most any career, but may limit some options (career department and networking events need to be improved).
    
    -The program is great for entrepreneurship which is good for long term career, but for the short term, it doesn't bring any immediate help for people who don't plan to start their own business. I would strongly recommend this program to friends and colleagues for the technology management focus but wouldn't encourage them to do it on the full time basis. The pressure to find a job for career switchers with a MBA degree from Babson is high.
    
    -Since Babson is a small school, its resource is limited. However, the quality of faculty and fellow students were excellent, and Babson is really a great school to start up something.