From the School

At Babson's F.W. Olin Graduate School or Business, we believe that entrepreneurship is applicable-and crucial-in organizations of all types and sizes, in established businesses as well as new ventures. Babson is the only business school that has developed and advanced an innovative teaching method, Entrepreneurial Thought and Action. Unlike most business schools that teach entrepreneurship as a discrete, siloed subject, Babson incorporates Entrepreneurial Thought and Action across all disciplines. In fact, Babson's MBA program has been ranked number one in the country for entrepreneurship for 21 consecutive years by U.S. News & World Report, as well as by the Princeton Review.

Building off the classroom curriculum are the Signature Learning Experiences (SLEs). These experiences reinforce and expand classroom learning through hands-on activities that require graduate students to put theories into practice. To supplement, there is a wide array of elective courses for deeper experiential and field-based learning. Students can customize their portfolio of electives to meet their career aspirations and may decide to further focus their studies through a concentration.

Overview

From The School

Students are admitted to the program based on a careful evaluation of academic records, professional qualifications, GMAT or GRE scores, and personal attributes. Interviews are required for admission to all programs. International students must submit TOEFL or IELTS results and official English translations of all academic documents.

Application deadlines and decision dates for all programs may be found at: http://www.babson.edu/admission/graduate/apply/Pages/deadlines.aspx
For more information, contact: Telephone: 781-239-4317; 800-488-4512 (toll-free within the U.S.)
E-mail: gradadmissions@babson.edu Website: www.babson.edu/graduate

Applicants
524
Acceptance Rate
65%
Average Undergrad GPA
3.13
Years Work Experience
4.6
Average Age
27

Test Scores

GMAT (25th and 75th percentiles)
580 - 690
GPA
2.79 - 3.45

Deadlines


Round 1
November 1

Round 2
January 5

Round 3
March 2

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

SCHOOL TYPE AND ACCREDITATION

School Type
Private

AACSB-approved
Yes

Overall

From the School

Degrees Offered

Babson offers Master of Business Administration and Master of Science degrees.

Academic Programs

The Babson MBA
With four programs, the Babson MBA allows you to choose the program that best suits your lifestyle and objectives. With the unified curriculum across all programs, students will take the same core courses with the same faculty and can choose from a common set of electives.

One-Year Program
Suited for those with a strong academic foundation in business and a career-track that demands an accelerated, full-time MBA experience. Two-Year Program Ideal for individuals who need a comprehensive business focus to redirect their careers and want a full-time campus experience. Evening Program Ideal for working professionals who seek a part-time MBA program that allows flexibility to accommodate professional or personal demands.

Blended Learning Program
Favorable to working professionals seeking a part-time MBA that allows for increased flexibility through a blend of web-based and face to face sessions.

MS Programs
Master of Science in Management in Entrepreneurial Leadership: A 9-month Master's program that prepares leaders to make an impact in their career by providing a combination of foundation business knowledge, entrepreneurial leadership skills, and hands-on experience.

Master of Science in Accounting: The program prepares graduates for public accounting careers and the CPA exam. Graduates gain technical accounting knowledge and an entrepreneurial mindset that gives Babson graduates a competitive advantage.

Special Academic Programs

Babson provides many on and off campus opportunities for you to connect and learn from other students, faculty, and the global alumni network, as well as collaborate and get involved. Here are just a few of the graduate clubs and organizations: Babson Entrepreneurship Forum, Asian Business Forum, Babson Association of Women MBAs, Babson Consulting Group, Babson Marketing Club, Babson Energy and Environmental Club and Net Impact.

In addition to clubs and organization, Babson offers a variety of opportunities to analyze a real-time organizational opportunity and create value-added solutions. Through experiential learning, students enhance their classroom learning through real world experience, team dynamic skill building, and career insight. Learn more about experiential learning: http://www.babson.edu/Academics/graduate/mba/experiential-learning/Pages/default.aspx

Faculty

Babson's faculty is an internationally and professionally diverse group. The faculty includes seasoned corporate executives, visionary entrepreneurs, and academic thought leaders.

Learn more about Babson's faculty: www.babson.edu/faculty

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.”


PROGRAM TYPES

Full-Time
Yes

Part-Time
Yes

Evening
Yes

Executive
No

Online
Yes

Faculty Information

Total Faculty
84

76.2
Full-time
28.9
Female
23.8
Part-time
6
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. *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. *Technology & Operations Management: This course introduces students to the fundamental components of a firm’s operating systems, be it a mature enterprise or an early stage company. 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. *Leading and Managing change: Given the shortening cycle time in all industries, in today's business environment it is difficult to find a company that is not at some stage of planning or implementing a change program, more often there are multiple change initiatives in process. Whether the goal is cutting costs, shortening development times, enhancing customer service, targeting new market segments, or becoming a "solutions provider", companies are devoting increasing effort to initiating and managing change programs. 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 (small, medium, and large companies, technology and service firms, operating in the US, Europe, and Asia, with problematic and successful change outcomes), we will pursue our objective by focusing on separating the wheat from the chaff in change models for their efficacy and possible shortcomings. We will identify and challenge the most pivotal assumptions that seem to drive action imperatives. We will explore the interplay of changing competitive forces, a company's history, and its corporate culture. And we will consider ways of leading and managing necessary during different stages of a firm's evolution, and during different phases of the change process. *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
Faculty from across Babson's academic divisions do a wide variety of sustainability research. Students are encouraged to work with them to conduct research on sustainability issues, from climate change and ecology to supply chain management. The Sustainability Office is launching a grant program to support student research in sustainability through providing funding for conference presentations and other research initiatives.

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 from s regional wind farm.

School's environmental commitment 3:
Sustainability at Babson and the Lewis Institute for Social Innovation both offer a wide range of sustainability opportunities and programs, ranging from placing MBA students on non-profit boards to hosting Babson's annual Energy & Environment Conference.

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.

Babson graduates are constantly making a difference as entrepreneurial leaders in organizations of all types and sizes. Learn more about our graduates at: http://www.babson.edu/student-life/career-development/graduate/Pages/default.asp

Career Rating
92
Average Starting Salary
$83,191

Finding Jobs & Internships

Source Of Full-Time Job Acceptances
58%
Graduate Facilitated
42%
School Facilitiated

Source Of Internship Acceptances
54%
School Facilitiated
47%
Graduate Facilitiated

Graduates Employed by Area of Practice

31%
Other
23%
Marketing
21%
General Management
10%
Consulting
9%
Finance/Accounting
6%
Operations/Logistics

Graduates Employed by Region

56%
Northeast
32%
International
5%
South
5%
West
2%
Southwest
1%
Mid-Atlantic

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
Other 31% $84,750 $82,489 $10,844 $135,200
Marketing / Sales 23% $90,000 $82,734 $35,000 $115,000
General Management 21% $75,000 $86,938 $20,000 $320,000
Consulting 10% $80,000 $78,680 $27,600 $130,000
Finance / Accounting 9% $94,500 $85,721 $52,000 $130,000
Operations / Logistics 6% $72,000 $76,227 $50,000 $115,000

Industries

Industries % of Grads Seeking Employment Who Accept
Jobs w/in 3 Months
Median Salary Mean Salary Low Base Salary High Base Salary
Technology 19% $95,000 $93,395 $24,592 $135,200
Consumer Products 18% $81,000 $82,949 $30,000 $180,000
Financial Services 17% $99,000 $106,036 $52,000 $320,000
Other 15% $40,494 $52,454 $10,844 $100,000
Consulting 8% $80,000 $79,100 $50,000 $110,000
Pharmaceutical / Biotechnology / Healthcare 7% $100,000 $102,500 $95,000 $115,000
Manufacturing 5% $71,000 $66,809 $35,000 $88,893
Non-profit 5%
Real Estate 4% $63,750 $69,375 $50,000 $100,000
Petroleum / Energy 2% $82,000 $84,000 $80,000 $90,000

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
Managing Partner, Fireman Capital Partners LLC

Geoffrey Molson
Owner, Montreal Canadiens

Overview

From The School

Tuition for the 2015 2016 academic year:
One-Year Program: $74,843
Two-Year Program: $63,070 for the first year of the Two-Year program. Estimated tuition for the second year of the program is $39,840.
Evening Program: $1,604 per credit
Blended Learning Program: $81,200
MSA Program: $1,604 per credit
MSM Program: $48,120

Fellowships and scholarships are available for the full-time MBA programs including Forte Foundation Fellowships, Yellow Ribbon Scholarships, Women's Leadership Awards, President's and Dean's Scholarships, and several awards based on entrepreneurial accomplishments.

Fellowships and Scholarships are also available for part-time MBA students and MSM in Entrepreneurial Leadership students.

Learn more: www.babson.edu/gradaid

Dates


Financial Aid Statistics

Average Aid Package
$19,528

Average Scholarship / Grant Aid Package
$18,041

Students Receiving Some Form Of Aid
63%

All Students Receiving Scholarships / Grants
61%

New Students Receiving Some Form Of Aid
67%

New Students Receiving Scholarships / Grants
63%

New Students Receiving Loans
21%

Tuition Full-Time (per year)

Tuition (In-State)
$63,070
Tuition (Out-State)
$63,070
Fees (In-State)
$0
Fees (Out-State)
$0

Tuition Part-Time (per credit hour)

Tuition (In-State)
$1,604
Tuition (Out-State)
$1,604
Fees (In-State)
$0
Fees (Out-State)
$0

Expenses per Academic Year

Estimated Room And Board On-Campus
$18,164
Estimated Room And Board Off-Campus
$18,164
Academic Expenses
$1,340

Student Body Profile

Total Enrollment
969
Part Time
61%

In State
43.0%
Out of State
57.0%
Foreign Countries Represented
80

Demographics

7.00%
Minorities
65.00%
International

33% female
67% male

Campus Life

From The School

The graduate student population reflects the global landscape as it is today-diverse, fast paced, and forward thinking. Students are pursuing their graduate degrees with varying focuses: switching careers, starting businesses, advancing careers, refining organizational impact in the near term, and poising themselves for continued growth with their employer in the long term. Babson students represent a variety of geographic and professional backgrounds, but their desire to become entrepreneurial leaders is the common thread.

Learn more about our students: http://www.babson.edu/admission/graduate/class-profile/Pages/default.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

From The School


Campus and Location

Babson College has three campus locations - Wellesley, MA, Boston, MA and San Francisco CA. Main campus: Wellesley, MA; elective courses offered at Boston campus; Blended Learning program offered at San Francisco campus

Facilities

Babson students have access to extensive business resources. The Horn Library provides , to the Academic Centers and Institutes on campus that 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

Contact
Petia Whitmore
Director of Graduate Admissions

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

Phone
781-239-4317

Fax
781-239-4194

Email
gradadmissions@babson.edu
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Key Stats

524
Applicants
969
Size
65%
Acceptance Rate

Rankings & Lists