Program Basics

• • Babson College
  • F.W. Olin Graduate School of Business
  • 231 Forest Street
  • Babson Park, Massachusetts
  • 02457
  • United States
  • Program Web site: http://www.babson.edu/ugrad
  • Program e-mail address: ugradadmission@babson.edu
  • Program phone number: 800-488-3696
  • Status: Private
• • AACSB accredited: Yes

• Accreditation other than AACSB:

  • New England Association of Schools and Colleges
  • European Quality Improvement System
• • Year in which the undergraduate business program was founded: 1919
• • Institution: Four Year
• • Business Program: Four Year

SCHOOL BASICS

• Enrollment:

  • Total undergraduate: 2,007
  • Full-time undergraduate business: 2,007
• • College or university freshman retention rate: 94 %

• Percentage of students who graduate from the business program:

  • Within four years of admission to the university: 84 %
  • Within six years of admission to the university: 89 %

• Undergraduate Business Degrees Offered:

  • BS

PROGRAM COSTS

• • Annual Tuition (Resident): $40,400.00
• • Annual Tuition (Non-Resident): $40,400.00
• • Tuition Per Academic Credit (Resident): $1,262.00
• • Tuition Per Academic Credit (Non-Resident): $1,262.00
• • Annual Room and Board: $13,330.00
• • Annual Cost of Books: $1,020.00

CLASS PROFILE

• Students in newest entering class that are:

  • Female: 47 %
  • International: 28 %

• Mean and median age of full-time business students in the newest entering class:

  • Mean: 18
  • Median: 18

• Percentage of newest entering class:

  • Top 10% of high school class: 45 %
  • Top 25% of high school class: 77 %
  • GPA of 3.75 or higher: 30 %
  • GPA of 3.5 to 3.74: 30 %

• SAT scores (1600 scale) for the newest entering class of full-time undergraduate business students:

  • Mean: 1262
  • Median: 1260

• Middle 50% range of SAT scores (1600 scale):

  • From: 1220
  • To: 1420

• ACT scores for the newest entering class of full-time undergraduate business students:

  • Mean: 29
  • Median: 29

• Middle 50% range of ACT scores:

  • From: 27
  • To: 31

• Citizenship breakdown for newest entering class:

  • US: 65 %
  • Canada: 1 %
  • Other Non-US Citizens: 26 %
  • Dual Citizenship: 8%
  • Unknown Citizenship: 0 %

• U.S. citizens in newest entering class:

  • African American: 6 %
  • Asian American: 16 %
  • Hispanic or Latino American: 13 %
  • Multiethnic/Multiracial: 2 %
  • Native American: 1 %
  • White (Non-Hispanic): 54 %
  • Chose not to report: 0 %
  • Other: 8 %

• Regional breakdown of U.S. citizens in newest entering class:

  • Northeast: 64 %
  • Mid-Atlantic: 5 %
  • South: 9 %
  • Southwest: 5 %
  • Midwest: 5 %
  • West: 10 %
  • Possessions and territories: 2 %

ADMISSIONS - Getting Into the Institution

• Standardized tests required of all applicants:

  • SAT or ACT
• • Interviews are: Recommended

• Application deadlines:

  • Fall 2012 1/1/2012
  • Fall 2013 1/1/2013
• • Additional application requirements: Students whose first language is not English must submit either the TOEFL with a minimum score of 100 or the IELTS with a minimum score of 7.
• • Total undergraduate applicants, all programs: 5,079
• • Percentage of applicants admitted: 34 %
• • Percentage of admitted applicants who enrolled: 28 %
• • International applicants: 30 %
• • Female applicants: 47 %

• Relative Importance of Application Elements

  • Secondary school record: Very Important
  • Class rank: Very Important
  • Talent/ability: Considered
  • Interview: Considered
  • Extracurricular activities: Very Important
  • Volunteer work: Considered
  • Character/personal abilities: Very Important
  • Application essay: Very Important
  • Work experience: Considered
  • SAT/ACT scores: Very Important
  • Recommendations: Very Important
  • High school GPA: Very Important

ADMISSIONS - Getting Into the Business Program

• • Undergrad business program admissions are managed by: The university admissions office
  • Total undergraduate business applicants: 5,079
  • Percentage of applicants admitted: 34 %
  • Percentage of admitted applicants who enrolled: 28 %
• • Entrance exam other than the SAT/ACT required for admission to the undergraduate business program?: Yes
  • What exam other than SAT/ACT is required?: Students whose first language is not English must submit either the TOEFL with a minimum score of 100 or the IELTS with a minimum score of 7.
• • Admissions interviews for the undergraduate business program are: Recommended

• Freshman admission:

  • Does the business program admit freshmen?: Yes
  • Percentage of business program admits in most recent entering class who were freshman: 91 %
  • Are freshman business admits required to complete or obtain minimum GPAs in pre-business courses before taking upper-level courses? Yes
  • Process for freshmen admission?: Indicate interest on university application

CAMPUS LIFE

• Five largest on-campus organizations for business students:

  • Babson Investment Banking Association
  • Babson Investment Management Association
  • Entrepreneurship Tower
  • Investment Tower
  • Babson Emerging Markets Club
• • Are freshmen required to live on campus?: Yes
  • Are business students grouped together in 'learning communities' in housing and other facilities?: Yes

PROGRAM REQUIREMENTS

• Minimum number of credit hours required to receive an undergraduate business degree:

  • BS 126

• Other requirements for the undergraduate business degree

  • Minimum final GPA of 2.0; 63 Liberal Arts credits.

ACADEMICS

• Average class size:

  • Required business classes: 32
  • Business electives: 27

• Percentage of business classes:

  • With 20 or fewer students: 17 %
  • With 21 to 50 students: 78 %
  • With more than 50 students: 5 %

• Course enrollment:

  • Percentage of required business courses reaching maximum enrollment by the first day of class: 48 %

CURRICULUM

• Electives:

  • Available business electives: 195
  • New electives: Innovation Law – Critical Analysis
• • Last curriculum overhaul: 2006
  • Total business faculty: 133
  • Percentage of the total faculty that is tenured or tenure track: 52 %

• Most prominent faculty:

  • Candida Brush
  • Thomas Davenport
  • Allan R. Cohen

• Business program's leading areas of study:

  • • Economics
    • Entrepreneurship
    • Finance
    • Marketing
    • Strategy
• • Special programs: Undergraduate students can choose up to 2 concentrations before graduation. Students that focus their studies in accounting can begin work towards a Master of Science in Accounting in the final semester of senior year. Leadership programs such as the Weissman Program, the Honors Program, the Women's Leadership Program, the Enrico Scholarship Program, Coaching for Leadership & Teamwork Program, and Management Consulting Field Experience are available to students as co-curricular experiences.
• • Work study: If a student has been been authorized to work on campus under the Federal Work-Study Program, the federal government pays 75% and Babson pays 25% of the wages. Students are paid biweekly for the hours worked. As a Federal Work-Study student, one receives preference in hiring at Babson. Students are referred to available positions, but are not guaranteed employment on campus.
• • Study abroad programs: Through Babson's global network, students can choose from over 100 study abroad programs in more than 40 countries, taking courses that are in line with academic goals and personal interests. Students can study for a semester, for an entire year or participate in a two- or three-week short course during winter break. Over 300 Babson students study abroad each year.
• • Volunteer opportunities: The Bernon Center for Public Service works with community-based organizations to coordinate events and programs throughout the year for students to bring assistance and awareness to those in need. Babson also has many global service-learning projects that allow students to practice responsible leadership by travelling to all parts of the world to teach entrepreneurship and business to local students, adult learners and business owners. Service experiences are also embedded in the classroom such as community service as part of a required first year and intermediate core business courses.

• Extra-curricular activities:

  • Babson Asian Business Club
  • Association of Latino Professionals in Finance and Accounting
  • Babson General Management Club
  • Babson Venture Capital Private Equity Club
  • Babson Entrepreneurship Club
  • Babson Sports Business Club
  • Babson Consulting Club
  • Babson Technology Venture Group

FINANCIAL AID

• • Who manages financial aid for the business program?: Central financial aid office at the university
  • Financial aid web site: http://www.babson.edu/ugradaid

• Scholarships

  • Scholarship money distributed to business students last year: $23,764,973.00
  • Expected scholarship distribution to business students this year: $25,445,000.00
  • Scholarships are awarded to business students based on: a combination of need and merit
  • Students receiving institutional scholarships in the current academic year: 46 %
  • Students receiving full-tuition institutional scholarships in the current academic year: 5 %
  • Institutional scholarship money distributed to undergraduate business students based on need: 89 %
  • Institutional scholarship money distributed to undergraduate business students based on merit: 11 %

• Loans

  • Does the school offer a guaranteed loan to all business students, regardless of nationality?: No
• • Mean outstanding debt, most recent graduating class: $34,114.00

CAREER SERVICES

• Employment Information

  • Percentage of most recent business graduates who supplied information regarding employment: 79 %
  • Percentage seeking full-time professional employment in business: 93 %
  • Percentage not seeking full-time professional employment in business: 7 %

• Received first job offer:

  • By graduation: 62 %
  • After graduation, but within 3 months: 11 %
  • More than 3 months after graduation : 24 %
  • No job offer reported: 3 %

• Accepted first job offer:

  • By graduation : 61 %
  • After graduation, but within 3 months: 11 %
  • More than 3 months after graduation: 23 %
  • No job acceptance reported: 5 %
• • Companies recruiting business students on campus: 88
  • Companies posting job offers for business students on school job boards: 1,015

• Top employers (number of students hired):

  • PricewaterhouseCoopers 16
  • EMC 7
  • Deloitte 7
  • Fidelity Investments 6
  • Hanover Insurance 5
  • Boston Scientific 3
  • Brown Brothers Harriman 3
  • My Media Info 3
  • Sun Products 2
  • L’Oreal 2
  • Anheuser Busch InBev 2
  • Ernst & Young 2
  • Rothschild 2
  • Bank of America 2
  • Goldman Sachs 2

• Compensation

  • Mean base salary: $50,478.00
  • Median base salary : $50,000.00
  • Mean signing bonus: $5,491.00
  • Median signing bonus: $5,000.00

• Most recent graduates accepted jobs in the following functional areas:

  • Consulting: 17 %
  • Finance/Accounting: 33 %
  • General Management: 5 %
  • Human Resources: 3 %
  • Management Information Systems: 3 %
  • Marketing/Sales: 24 %
  • Operations/Production: 5 %
  • Logistics/Transportation: 3 %
  • Other: 7 %

• Most recent graduates accepted jobs in the following industries:

  • Accounting: 10 %
  • Consumer Products/Retail : 11 %
  • Consulting: 10 %
  • Financial Services: 25 %
  • Government/Education: 1 %
  • Pharma/Biotech/Health: 2 %
  • Manufacturing: 5 %
  • Media/Entertainment: 9 %
  • Petroleum/Energy: 0 %
  • Real Estate: 2 %
  • Sports/Leisure: 0 %
  • Technology/Science: 19 %
  • Non-Profit: 0 %
  • Transportation: 0 %
  • Utilities: 1 %
  • Other: 5 %

• Job offers accepted by most recent graduates in North America:

  • US: 90 %

• Percentage of 2009-10 academic year graduates who accepted jobs in regions of US:

  • Northeast: 76 %
  • Mid-Atlantic: 3 %
  • Midwest: 2 %
  • South: 4 %
  • Southwest: 1 %
  • West: 5 %
• • Career services offered: Robust career counseling aligned by industry focus, in addition to general services; Experience the industry trips, visits to companies by industry; Mock interview sessions; Resume critique events; Various webinars offered via our website; Career fairs throughout the academic year; Employer in residence program where featured company representatives cover walk in hours; and Summer Interview day.

INTERNSHIPS

• • Companies recruiting business students for internships on campus: 28
  • Companies posting internship offers for business students on school job boards: 871

• Top internship employers (number of students hired):

  • Fidelity Investments 8
  • PricewaterhouseCoopers 6
  • JP Morgan 5
  • Iron Mountain 4
  • KPMG 4
  • Nordstrom 4
  • Deloitte Consulting LLP 3
  • Merrill Lynch 3
  • McGladrey 3
  • Boston Scientific 3
  • Babson College 3
  • Bank of New York Mellon 2
  • Citigroup 2
  • Cisco Systems 2
  • Credit Suisse 2

• Internship pay

  • Internships that are paid: 71 %
  • Mean compensation, per week, for paid internships only: $842.00
  • Median compensation, per week, for paid internships only: $600.00
  • Average internship length, in weeks: 11

B-SCHOOL ALUMNI

• • Total number of undergraduate business program graduates since inception: 20,793
  • Total living alumni of the undergraduate business program: 17,779
  • Percentage of living alumni who contributed to the business program or university in the last academic year: 14 %

• Alumni gifts

  • Mean Gift: $4,108.00
  • Median Gift: $100.00
  • Did the business program receive a gift of $10 million or more in the last academic year? No

• Prominent alums of the undergrad business program

  • Arthur Blank Owner, Atlanta Falcons; Founder, Home Depot
  • Roger Enrico Chairman, Dreamworks Animation
  • Ernesto Bertarelli Founder, Serono

• • -Small class sizes allow for individualized attention. Professors have real world business experience and bring their career knowledge to the classroom. Especially for finance, I felt well prepared for the recruiting process and specific tasks related to my internship such as quantitative modeling.
    
    -Our school needs more nationwide exposure and increased access to venture capital and angel investors. We're no longer coming up with hot dog and lemonade stand concepts that can be bootstrapped. Most of our businesses are dealing with emerging markets with high growth potential. Moreover, students pursuing new ventures are more ambitious than ever...acquisition is almost never our exit strategy.
    
    -Every class makes students think through the eyes of an entrepreneur. We aren't limited to what textbooks say, we build business plans and present for a majority of classes and interact with real companies every semester. We are prepared better for the real world better than any other B-School students I have ever met.
    
    -We are ranked really high in entrepreneurship, but we need better programs for some of the other departments like marketing, accounting, and economics.
    
    -Most assignments and projects revolve around enhancing interpersonal skills. Babson emphasizes the importance of not only what we learn in our textbooks, but also of the interpersonal qualities that one must possess to effectively communicate in the business world.
    
    -I believe the school is a little analytically lopsided and the administration is a little too stringent. There is way too much "red tape" for a school that encourages innovative and creative practices and thinking.
    
    -Campus life is oriented around the entrepreneurial mindset. We are always problem solving, both in and out of class. This solely business program prepares students for the real world and provides a generous amount of opportunities for students to meet people with experience in the work force. Having all the hands-on experience that Babson has provided through almost 90% of its classes - knowledge is grasped in an enhanced way!
    
    -I feel that the alumnae efforts could become stronger, we need to get the Babson brand out there in the public more. We are a small school and many of our alumnae are international and we have no football team. Therefore, we have to make a conscious effort to market ourselves more in the media.
    
    -I believe our small class sizes, teamwork-focused course projects, and entrepreneurial thinking focus makes Babson unique. In addition to that, the school attracts students from all around the world, and is full of professors with real life working knowledge. We also focus on liberal arts as much as we do business so that students are well rounded.
    
    -Offering more courses would improve the program, but in order to have more courses available, admissions and campus housing will have to increase. The school must grow larger in order to offer more courses or allow students to take more courses off campus in order to fulfill their liberal arts interests.
    
    -We have a first-year required curriculum called FME where students create and run a real business with a $3,000 loan from the school. So in the very first year of education you are running your own 30-person company. We also have CLTP (Coaching for Leadership and Teamwork Program) freshman and junior year to assess your leadership abilities in a group setting. So you get feedback on what your leadership style is, how you interact in a group setting, and how to improve when you are working in groups. We also have a mandatory strategy class so everyone at my school knows how to be a consultant to a company. We are a very well rounded school.
    
    -I think the school could provide more comprehensive speakers and lectures where the entire school congregates. That way a common business discussion could be used across campus - and carry on outside of the formal classrooms.
    
    -Our business program is outstanding because the curriculum and professors draw heavily from real-world business application. There is no wasted time in classes and all material is relevant to our field of study.
    
    -Academic/career services faculty are excellent, campus life/residence life administration is tough to work with at times.