PROGRAM BASICS

• • F.W. Olin Graduate School of Business
  • Evening MBA
  • Olin Hall
  • Babson Park, 02457, Massachusetts
  • United States
  • Program Web site: http://www.babson.edu/graduate/academics/mba/evening
  • E-mail: mbaadmission@babson.edu
• • Percentage of part-time students who graduate within six years of entering program: 80 %
  • Average months to complete program: 52
  • Maximum months permitted to complete program: 96
  • Does the school have a separate full-time MBA program? Yes
  • If so, can part-time students switch to the full-time program? No

• Tuition and Fees: (Based on six credits in the fall and six credits in the spring)

  • Resident: $15,228.00
  • Non-Resident: $15,228.00

• Tuition per credit:

  • Resident $1,269.00
  • Non-resident $1,269.00
• • 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
• • Undergraduate business school enrollment: 2,007
  • Graduate degree programs: Master of Accounting, Other
  • Other graduate degree programs: Certificate in Advanced Management

ADMISSIONS, SELECTIVITY AND YIELD

• • Total applications, most recent entering class: 99
  • Applications accepted, most recent entering class: 95 %
  • Admitted students enrolled: 64 %
  • Applicants wait-listed during the last admissions cycle: 0
  • Applicant interviews are: By invitation only

ENTRY REQUIREMENTS

• • Rolling admissions? Yes
  • GMAT required? Yes
  • Are applicants allowed to submit the GRE? Yes
  • If not, how are applicants' quantitative abilities checked? GRE is required in place of GMAT

• GMAT score distribution (applicant pool)

  • 25th Percentile 500
  • 50th Percentile (median) 580
  • 75th Percentile 620
  • 10th Percentile 450
  • Average GMAT Score 573
  • 90th Percentile 710

• GMAT score distribution (incoming class)

  • 50th Percentile (median) 590
  • 25th Percentile 500
  • 75th Percentile 620
  • 10th Percentile 450
  • 90th Percentile 710
  • Average GMAT Score 575
• • Is proficiency in English required? 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: 600

• Relative Importance of Application Elements:

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

CLASS PROFILE

• • Female students: 27 %
  • International students: 5 %

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

  • African American: 6 %
  • Asian American: 4 %
  • Hispanic or Latino American: 8 %
  • Multiethnic/Multiracial: 0 %
  • Native American: 0 %
  • White (Non-Hispanic): 72 %
  • Chose not to report: 10 %
  • Other: 0 %

• Postgraduate work experience (months):

  • Mean: 66
  • Median: 48
  • From: 15
  • To: 144
  • One year or less: 8 %

• Base salary of entering part-time MBA students:

  • Mean: $65,827.00
  • Median: $61,200.00

• Middle 80% range:

  • From: $38,400.00
  • To: $110,000.00

• Entering students work in the following industries:

  • Consulting: 3 %
  • Consumer Products: 5 %
  • Financial Services: 10 %
  • Government: 3 %
  • Manufacturing: 3 %
  • Media/Entertainment: 0 %
  • Non-Profit: 0 %
  • Petroleum/Energy: 2 %
  • Pharmaceutical/Biotechnology/Health Care: 7 %
  • Real Estate: 3 %
  • Technology: 20 %
  • Other: 44 %

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

  • Babson College 4
  • EMC Corp 4
  • State Street 2
  • Cisco Systems 2
• • Mean age, newest entering class: 28
  • Median age, newest entering clas: 27

FINANCIAL AID

• • Part-time MBAs apply for financial aid through: Central financial aid office at the university
  • Students receiving some form of financial aid in 2011-12: 0 %

• Of part-time MBA students who applied for financial aid for the 2011-12 academic year, percentage receiving:

  • Institutional Scholarships: 0 %
  • Assistantships: 0 %
  • Loans (private and government): 29 %
• • Mean financial aid package: $0.00
  • Median financial aid package: $0.00
  • Full-tuition scholarships awarded, 2011-12: 0
  • How does an applicant apply for scholarship consideration? Part of the admissions application
  • Does school offer a guaranteed loan to all part-time MBAs? No
  • Mean outstanding debt at graduation: $55,284.00

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 on company boards: 6

STUDENT LIFE

• Active MBA specialization clubs open to part-time students:

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

• Active MBA networking clubs open to part-time students:

  • • International Club
    • Black MBA Association
    • Hispanic Student Organization
    • Volunteer
    • Women in MBA
    • Other
    • Gay/Lesbian/Bisexual
    • Partners/Family
    • Wine
• • Do part-time MBA students have their own area/center on campus? No
  • Do part-time MBA students have break-out rooms? Yes

TEACHING/ACADEMICS

• Teaching Methods:

  • Case Study: 50 %
  • Distance Learning: 5 %
  • Experiential Learning: 5 %
  • Lectures: 10 %
  • Simulations: 5 %
  • Team Projects: 25 %
• • Estimated number of hours per week students spend on classwork, excluding time spent in class: 18
  • Teachers in the part-time program: 86
  • Tenured teachers in the part-time program: 22
  • Faculty also teaching in full-time program: 58 %
  • Faculty with at least five years of full-time corporate experience 64 %
  • Average core class size: 20
  • Average elective class size: 26
  • Electives available: 60

• Recently added electives:

  • Entrepreneurship in Healthcare Technology
  • Design Thinking EPS Thought and Action
  • E-Marketing Strategy and Tactics of Pricing
  • Personal Finance Management
  • Healthcare Ecosystems
  • Leading for Social Values
• • Last curriculum revision: 2012
  • Recent curriculum changes: Common core across all programs part time/full time

• Concentrations and specializations offered to part-time MBAs:

  • • Finance
    • Marketing
    • Other

• Additional concentrations offered:

  • Global Management
• • Does the B-school offer an accelerated part-time MBA program? Yes

• Leading areas of study:

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

• Graduation requirements:

  • • Students must have attended a minimum number of classes
    • Students must have earned a pre-determined GPA/Letter grade average
• • Credits required to graduate: 60

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 offer career services for alumni? Yes
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.babson.edu/alumni
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Do part-time MBAs have access to career development office?
    • Yes
  • If yes, at what point in the degree process are part-time MBA students able to use the service?
    • At any time
  • Are part-time MBAs permitted to interview for full-time jobs? Yes
  • Are part-time students included in resume drops? Yes

• • -I really cannot say enough great things about Babson. The students, the faculty, the campus, even the folks that work in the cafeteria are all wonderful! I am truly proud to call myself a graduate of their MBA program.
    
    -I would have liked to be able to do more class work online. There are currently only a few classes offered that way. I would also have preferred to take more "intensive electives" (1.5 credit courses offered over a two week period). We are currently limited to four of them.
    
    -Babson has a very demanding MBA program with a heavy workload, but you come out thoroughly prepared to function at a high level. It is well worth the effort you need to put into it. The faculty is stellar and the program is well designed to meet the needs of the modern business world. I would definitely recommend the program to others.
    
    -Babson is really beginning to focus on social entrepreneurship, which I think will result in more ethical and empathetic business leaders in the future.
    
    -The professors could be more accessible to part-time students
    
    -Babson graduates leave the program with the sense that they are different for a reason. We're out there to make a difference in the market place by finding opportunity that others will miss. It is our mission to apply our mind-set not only to our jobs but also to our society and provide solutions to both small and global problems.
    
    -I'm an HR professional and I found the program lacked any real emphasis on the importance of this aspect of business. I would have liked to be able to concentrate in HR in my MBA.
    
    -Excellent program, facilities, and particularly the international nature of the student body. Great emphasis on teamwork. Very proud to be part of the student body and respectful of the professors' knowledge and ability to communicate and be passionate about their classes.
    
    -My responses may be a bit colored by the challenges I am facing in my job search. Ultimately, Babson provides a great deal of resources to all its students. They are simply better at providing them to the full-timer students.
    
    -My experience at Babson was outstanding and one I will not soon forget. The teachers truly cared about my learning and always brought unique experiences to the table. The students were smart, friendly and unique. I loved that it wasn't a traditional MBA program in the sense that everyone was there just as a status symbol - which I felt was the case for other school's like Boston College. All of the students are truly passionate about learning, which made class environments very collaborative.