From the School

At Babson's F.W. Olin Graduate School of Business, we expect from our students what they expect from themselves: to create economic and social value that reshapes the world, with a focus on Entrepreneurial Thought and Action and a commitment to people, profits, and the planet.

Babson was the first to understand that entrepreneur is not a personality type, and the first to demonstrate that the ability to think and act entrepreneurially can be taught. When entrepreneurial skills are integrated with deep functional business knowledge across disciplines, you get graduates who are uniquely capable of making a difference in the world.

The Babson MBA program reflects a new, unified curriculum through four different channels: One Year, Two Year, Evening and Fast Track.

Babson is answering the critical need for Entrepreneurship of All Kinds to reshape our world. We are looking for talented, like-minded students to join in our quest to write an exciting chapter in global business and social responsibility. Are you one of them?

Overview

Applicants
536
Acceptance Rate
68%
Average Undergrad GPA
3.19
Years Work Experience
4.8
Average Age
28

Test Scores

GMAT
550 - 660
GPA
2.89 - 3.55

Deadlines


Round 1
November 1

Round 2
January 3

Round 3
February 17

Round 4
April 1

Other Admission Factors

Academic

GMAT Score
Undergraduate GPA
Letters of Recommendation
Essay / Personal Statement
Non-Academic

Interviews
Work Experience
Other Factors

Overall

From the School

The Babson MBA is grounded in our unique application of Entrepreneurial Thought and Action across business disciplines and tailored to meet the educational, professional, and personal needs of our diverse students. Babson serves as a living/learning laboratory, where curricular and cocurricular opportunities combine to provide mind-expanding instruction and hands-on experience. Students benefit from experiential learning opportunities, working as consultants or completing internships in the US or abroad.

The Babson MBA. Four Options:

One-Year: designed for students who have earned undergraduate degrees in business.

Two-Year: geared towards students who need a more comprehensive business focus to redirect their careers.

Evening: Allows students the flexibility to earn a degree while working.

Fast Track: Provides a unique blend of virtual and on-campus study that enables students to learn from anywhere over a period of two years.


Students Say

Consistently known as one of the most entrepreneurially-focused business programs in the country, the F.W. Olin Graduate School of Business at Babson College in Wellesley, MA offers students the “knowledge, support, flexibility and mentorship to enable students to exercise entrepreneurial thought and action.” The word “action” in the Entrepreneurial Thought and Action® pedagogy should be stressed as practical application is a major component of the MBA curriculum, which incorporates experiential learning throughout (such as the first year consulting project). Additionally, the giant Arthur M. Blank Center for Entrepreneurship offers numerous cocurricular resources and services dedicated to supporting students in their entrepreneurial endeavors, as well as the largest entrepreneurship faculty in the world. “Babson prepares its students to make things happen and to discover the way to maintain an entrepreneurship mindset in big corporate companies, which is something that I think is absolutely relevant for future executives in this world,” says a student.

There are four options for the “innovative” Babson MBA, presenting a unified curriculum and the same options for electives: the One-Year, Two-Year, Evening, and Blended Learning Programs, the latter of which focuses on distance learning and is typically chosen by working professionals. The Oneand Two-Year Programs are both full-time, and are composed of more than half international students. “Teamwork is a key element” of all Babson, and results in students “leaving with strong management skills” to bring to their positions.

Most who come to Babson are drawn in by the reputation for the entrepreneurial specializations, and a visit to the school usually seals the deal. “Everyone associated with Babson that I talked to prior to enrolling (alumni, faculty, current students) seemed very, very happy and satisfied in life,” says a current student. Teachers are “highly qualified” and “outstanding,” and challenge students to support their answers. “If you make a statement be prepared to offer your logic behind it,” says one. The intellectual capital of the faculty never stops growing, as members remain fully dedicated to continuing researching and developing the field of study “without disregarding the needed time to help students.”

The administration “has always been on top of their game.” They are “flexible and change classes and professors if needs be.” Everyone (“including the Dean”) has an open door policy and “always enjoy discussing ideas”; “the amount of support given to student initiatives is amazing.”


Faculty Information

Total Faculty
105

60.96
Full-time
39.04
Part-time
21.9
Female
5.7
Minority


Sustainability

Courses in Sustainability
Yes

Sustainability course is
Optional

Description
Babson College offers the following graduate courses within the theme of sustainability: *Conscious Capitalism: This course introduces students to the theoretical underpinnings and practical implications of the approach to business known as Conscious Capitalism, which challenges business leaders to re-think why their organizations exist and to acknowledge their company's role in the interdependent global marketplace and ecosystem. The Principle of Objectivity: The goal of this course is to help develop your mind-set and mental focus to engage the people, business challenges and performance expectations with the clarity of mind to maximize overall effectiveness. We will talk about objectivity, a mindset that will help you react appropriately to changing dynamics, make sound decisions and improve your relationships with your colleagues. We will apply this framework to the entrepreneurial process and the corporate environment. You will work together to craft a customized personal framework from which to build a successful career. *Women's Entrepreneurship & Leadership: Women’s Entrepreneurship and Leadership is about contemporary women’s roles in creating and leading organizations. The course examines the issues, challenges and opportunities women face in leading or creating companies, explores organizational policies that facilitate women’s advancement and participation in companies, and helps students develop strategies for effectively managing their leadership or entrepreneurial career. *Social Entrepreneurship: Several non-market venues for sustainable social change will be examined in addition to the traditional delivery of goods and services through the market. The course provides a number of crucial tools and resources that may better orient and equip the prospective social entrepreneur to identify and act on opportunities: 1. A conceptual framework of institution theory for understanding social entrepreneurship; 2. A vocabulary for thinking and communicating about social values and what it means to create "social value" in concrete terms; 3. A model of social change that enables a critical analysis of types and degrees of social change; 4. Strategies of social change through which to launch, lead, manage, and evaluate a social venture; 5. Specific funding models and sources for the venture; and 6. An opportunity to give and receive critical feedback on specific concepts for social entrepreneurship before taking the plunge. * Environmental Entrepreneurship: Energy independence will define the prosperity and viability of nations and species. Experience the profound opportunities and challenges in the energy industry through the eyes of an entrepreneur. This class offers an in-depth view of entrepreneurial ventures in the environmental space (including an inside look at BigBelly Solar from its Founder) and discussion about the ideas that will make or break our addictions to dirty energy. *Financing and Valuing Sustainability: This course will examine the concepts of 'going green' and sustainability in the context of finance and value creation. Students will analyze sustainable technologies, strategies, and business models from the perspective of managers, entrepreneurs, and investors. Basic financial tools such as discounted cash flow, capital budgeting, capital structure, and risk/return will be used to evaluate the feasibility and financial implications of 'sustainable' products and practices in a variety of industries and applications. *Corporate Social Responsibility: This course aims not only at understanding Enron-type situations but perhaps more importantly the moral dangers and threats to personal character in everyday business and managerial situations. It critically examines conventional management ideas, such as managing by values, for hidden ethical dangers and threats to personal character, such as unwitting self-righteousness. *Negotiations: Negotiations explores formal and informal ways that managers negotiate differences; treats negotiation with peers, supervisors, subordinates, suppliers, customers, outside agencies, and others as a core managerial process. Examines research and concepts developed in a number of academic fields, and looks closely at personal skills and experiences; requires intense involvement in negotiation simulation exercises, and thoughtful application of theory and research. *Strategies for Innovation and Growth: This course focuses on developing capabilities for innovation and growth in the context of large enterprises. We will explore in depth three major concepts: (1) Innovation Life Cycle, (2) Innovation Platforms and (3) Organizational Innovation. These concepts will cover the three main questions about institutionalizing innovation: (1) what type of innovation should a firm focus on and why,? (2) how to implement the chosen innovation,? and (3) who in the firm should be doing it? *Leading & Managing Change: The basic objective of this intensive elective is to prepare you to play realistic and effective roles in leading and managing organizational change. It is more than a truism that if you are not part of leading a change, you are likely to become a victim of it. In the context of a range of concrete cases, we will pursue our objective by focusing on separating the wheat from the chaff in change models for their efficacy and possible shortcomings. *Technology and Operations Management: The course introduces the new methods and models to analyze, diagnose and improve operations activities for both manufacturing and service firms. We examine key issues for competitiveness including operations strategy, innovation, product and process design and development, global supply chain management, quality management, and sustainable operations. Developing a strong appreciation for the contribution of technology and operations to a company's market success is an essential element of effective decision-making for entrepreneurs and leaders of all types of organizations. *These courses were offered during the 2013-2014 academic year.

Research Opportunities in Sustainability
Yes

Description
We have faculty who participate in sustainability research and students are encouraged to work with them to conduct research on sustainability issues, from climate change and ecology to supply chain management. One ongoing project is Vikki Rodger’s research which was written up in the Babson Magazine. http://www.babson.edu/news-events/babson-magazine/winter-2013/Pages/looking-for-answers.aspx

School's environmental commitment 1:
Babson joined the American College & University Presidents’ Climate Commitment and wrote a Sustainability and Climate Action Plan. To implement its commitments, Babson engages GreenerU, Inc. -an innovative, higher education-focused energy and sustainability services company - to operate our dedicated Sustainability Office.

School's environmental commitment 2:
Babson has invested heavily in energy efficiency, and has reduced its emissions by approximately 40% in the past decade. Savings from energy efficiency have been reinvested in renewable energy purchases.

School's environmental commitment 3:
Babson offers both a concentration in environmental sustainability, and (jointly) offers a certificate in sustainability. The Sustainability Certificate program is a collaborate effort between Babson College (business) Olin College (engineering) and Wellesley College (liberal arts).

Career overview

From The School

The Graduate Center for Career Development provides students comprehensive support in three interrelated areas: personal skill development, exploring industries and career paths, and targeting and securing opportunities. Each advisor aligns with a specific industry to better enhance relationships in the marketplace and establish expertise.

Career Rating
92
Average Starting Salary
$81,120

Finding Jobs & Internships

Source Of Full-Time Job Acceptances
64%
Graduate Facilitated
36%
School Facilitiated

Source Of Internship Acceptances
64%
Graduate Facilitated
36%
School Facilitiated

Graduates Employed by Area of Practice

25%
Marketing
20%
Finance/Accounting
19%
Other
16%
General Management
8%
Operations/Logistics
6%
Consulting
6%
Information Technology

Graduates Employed by Region

51%
Northeast
28%
International
11%
West
4%
South
3%
Midwest
1%
Mid-Atlantic
1%
Southwest

Job Function

Job Function % of Grads Seeking Employment Who Accept
Jobs w/in 3 Months
Median Salary Mean Salary Low Base Salary High Base Salary
Marketing / Sales 25% $85,000 $77,906 $15,000 $140,000
Finance / Accounting 20% $90,000 $91,768 $30,000 $170,000
Other 19% $75,000 $71,897 $24,000 $110,000
General Management 16% $87,500 $80,523 $32,292 $100,834
Operations / Logistics 8% $73,500 $72,750 $55,000 $87,500
Consulting 6% $87,500 $84,167 $40,000 $125,000
Information Technology 6% $100,000 $101,125 $86,000 $120,000

Industries

Industries % of Grads Seeking Employment Who Accept
Jobs w/in 3 Months
Median Salary Mean Salary Low Base Salary High Base Salary
Financial Services 22% $90,000 $96,780 $30,000 $170,000
Consumer Products 21% $75,000 $71,512 $32,500 $110,000
Technology 16% $97,500 $88,799 $24,000 $120,000
Pharmaceutical / Biotechnology / Healthcare 7% $85,000 $79,432 $32,292 $100,000
Consulting 5% $75,000 $75,500 $40,000 $125,000
Manufacturing 5% $73,500 $64,250 $15,000 $95,000
Non-profit 4%
Petroleum / Energy 4% $70,585 $72,117 $25,000 $100,000
Real Estate 4% $80,000 $81,600 $70,000 $100,000

Prominent Alumni

J. Martin Carroll
President & CEO, Boehringer Ingelheim Corporation

Diane Sullivan
President and CEO, Brown Shoe Company

Akio Toyoda
President, Toyota Motor Corporation

Daniel Fireman
General Partner, Fireman Capital LLC

Geoffrey Molson
Owner, Montreal Canadiens

Overview

From The School

Nine-month academic year cost estimates for 2011-2012 for the first year of the Two-Year MBA program are $54,450 for tuition, $1,220 for books and supplies, approximately $22,492 for living expenses.

Twelve-month academic year cost estimates for 2011-2012 for the One-Year MBA program are $61,512 for tuition and fees, $2,260 for books and supplies, approximately $29,722 for living expenses.

Fast Track tuition estimate for students enrolling in Spring 2011 is approximately $71,000.

Per-credit tuition for the Evening MBA program is $1,220.

Merit awards for the One-Year and Two-Year programs include Olin Fellowships and Scholarships, Babson Fellowships and Scholarships, Forte Foundation Fellowships, Women's Leadership Awards, President's and Dean's Scholarships, and several awards based on entrepreneurial accomplishments.

Dates

Application Deadlines
Apr 15

Financial Aid Statistics

Average Aid Package
$20,983

Average Scholarship / Grant Aid Package
$19,241

Students Receiving Some Form Of Aid
63%

All Students Receiving Scholarships / Grants
57%

New Students Receiving Some Form Of Aid
59%

New Students Receiving Scholarships / Grants
52%

New Students Receiving Loans
25%

Tuition Full-Time (per year)

Tuition (In-State)
$60,944
Tuition (Out-State)
$60,944
Fees (In-State)
$0
Fees (Out-State)
$0

Tuition Part-Time (per credit hour)

Tuition (In-State)
$1,550
Tuition (Out-State)
$1,550
Fees (In-State)
$0
Fees (Out-State)
$0

Expenses per Academic Year

Estimated Room And Board On-Campus
$17,506
Estimated Room And Board Off-Campus
$17,506
Academic Expenses
$1,300

Student Body Profile

Total Enrollment
1,213
Out of State
56%

In State
99%
Foreign Countries Represented
83

Demographics

8.00%
Minorities
61.00%
International

31% female
69% male

Campus Life

From The School

Students who started the Two-Year MBA in 2011 are, on average, 27 years old and have about five years of work experience. The average GMAT score is 616, and women make up 29% of the class. Students come from diverse industries and represent 25 countries. International students compose 49% of the class. International students participate in an intensive Pre-MBA program, which includes familiarization with the campus and resources, basic introductions to economics, marketing, and the case method, recreational and social events.
Babson students have access to an extensive business collection through Horn Library, as well as professional staff to help them find the information they need. The Academic Centers and Institutes on campus are designed to provide students with real-life experience. For more information on these centers, go to: http://www.babson.edu/Academics/centers/Pages/home.aspx

Students Say

While there is a common thread of entrepreneurship, the common entrepreneurial denominator draws a gumbo of a crowd, and Babson students come from “very, very diverse backgrounds, work experiences, [and] ethnicities”; another universal thread is that “everybody has a unique and exciting story and goals.” In this “extremely driven” group, people are “competitive but not at the expense of others.” “We all are friends and are involved in each other’s family life. It has been a great place to make lifelong business contacts, as well as lifelong friends,” says a student.

There are a lot of different cultural activities sponsored by different clubs and different ethnic groups to create cultural awareness. Students who live on campus (or nearby) can take advantage of the “countless events going on” (“more social activities than any one person could possibly attend”), ranging from academic, to business-related, to just-for-fun events such as ski trips, Class Olympics, and Red Sox games. Note that private transport is “essential” for commuting to Babson, but with MBA studies mostly concentrated in one building there is a lot of interaction with students, and “having on campus offices for work teams makes the campus very lively at every time of day.”


More Information

% of Classrooms with Internet Access
100%

Campus-wide Internet Network
Yes

Internet Access for All Students
Yes

Admissions Office Contact

Contact
Petia Whitmore
Director of Graduate Admissions

Address
Olin Hall
Babson Park (Wellesley), MA 02457-0310

Phone
781-239-4317

Email
gradadmissions@babson.edu
Babson College - F.W. Olin Graduate School of Business campus - Image 0
Babson College - F.W. Olin Graduate School of Business campus - Image 1
Babson College - F.W. Olin Graduate School of Business campus - Image 2
Babson College - F.W. Olin Graduate School of Business campus - Image 3
Babson College - F.W. Olin Graduate School of Business campus - Image 4
Babson College - F.W. Olin Graduate School of Business campus - Image 5
Babson College - F.W. Olin Graduate School of Business campus - Image 6
Babson College - F.W. Olin Graduate School of Business campus - Image 7
Babson College - F.W. Olin Graduate School of Business campus - Image 8
Babson College - F.W. Olin Graduate School of Business campus - Image 9
Babson College - F.W. Olin Graduate School of Business campus - Image 10
Babson College - F.W. Olin Graduate School of Business campus - Image 11
Babson College - F.W. Olin Graduate School of Business campus - Image 12
Babson College - F.W. Olin Graduate School of Business campus - Image 13
javascript

Key Stats

536
Applicants
1,213
Size
68%
Acceptance Rate

Rankings & Lists