From the School

At Babson's F.W. Olin Graduate School or Business, we believe that entrepreneurship is essential 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 25 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


Applicants
817
Acceptance Rate
68%
Average Undergrad GPA
3.23
Years Work Experience
5.1
Average Age
28

Test Scores

GMAT (25th and 75th percentiles)
570 - 680
GPA
2.98 - 3.51

Deadlines


Round 1
October 23

Round 2
January 3

Round 3
March 1

Round 4
March 30

Other Admission Factors

Academic

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

Selectivity Rating

Overall


Program Types

Full-Time
Yes

Part-Time
Yes

Evening
Yes

Executive
No

Online
Yes

Faculty Information

Student/Faculty
5:1
Total Faculty
90

71
Full-time
29
Part-time
26
Female
12
Underrepresented Minorities


Students Say

Located just outside of Boston, the MBA program at Babson College’s F.W. Olin Graduate School of Business offers its students their trademarked Entrepreneurial Thought and Action® methodology, making it a top dog in entrepreneurship at business schools around the country. With four different models, students can choose to get their MBA in an accelerated one-year program, a traditional two-year program, through evening classes, or through a “blended learning” program customized for working students who want a mix of online and on-campus courses. Students appreciate Babson’s reputation for “innovation” and “social impact,” (encapsulated by their Lewis Institute for Social Innovation), attention to “digital transformation,” and their philosophy of embracing “ambiguity and uncertainty” in a dynamic, often unpredictable economy and marketplace. Babson “particularly focuses well on the product development life cycle,” one student said, “which is important to understand many aspects of management from marketing and operations to manufacturing and product development.” Faculty is “fabulous” and “diverse” and many “host extracurricular roundtable discussions…on marketing, science, and technology.” “Smaller class size[s],” “practical learning,” and a “cooperative and cohesive environment” ensure that students are given focused opportunities for growth and collaboration and will be able to apply their lessons “in many settings.” One area of improvement some students report is that “the systems, processes, and organizational structure do not always facilitate” the good intentions faculty and staff have when it comes to student support, and so there’s “significant room for improvement in [the] administrative approach.”

Concentrations

Entrepreneurship
Finance
Marketing

Specialized Masters

Accounting
Analytics and Information Management
Finance
Leadership/Management

Certificate Programs

Accounting
Business Administration

Center for Research

Entrepeneurship
Finance


Sustainability

Courses in Sustainability
Yes

Sustainability course is
Optional

Description
"Four courses highlighted below, with additional ones listed here: http://www.babson.edu/Academics/centers/the-lewis-institute/social-innovation-in-the-classroom/Pages/Business-and-Social-Innovation-Intensity-Track.aspx *****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. *****BUILDING AND LEADING CONSCIOUS BUSINESS 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. Research shows that companies that embody the principles of Conscious Capitalism substantially outperform the market in financial terms over the long term, while creating many other kinds of non-financial value for all stakeholders. Students in the course will learn how Conscious Capitalism and differs from a traditional perspective on business; critically examine the evidence on the impact of practicing conscious capitalism on the tangible and intangible well-being of all stakeholders; explore in detail how to operationalize the four key tenets of conscious capitalism: higher purpose, stakeholder orientation, conscious leadership and conscious culture; develop an understanding and appreciation for systems thinking as an integral discipline contributing to the practice of Conscious Capitalism; explore how to help a conventional business transform into a conscious business; and understand and practice the fundamental elements of personal transformation that must accompany any effort to implement Conscious Capitalism. The course will incorporate a blend of lectures, discussions, guest speakers, personal mastery exercises and a group project that entails performing a Conscious Business Audit of a company. *****LEADING AND MANAGING SUSTAINABILITY "The state of the planet and current economic system generates pressing concerns for the future of the planet and humanity. This course recognizes the need for entrepreneurs, leaders and innovators as change agents who can enable the transition to a sustainable system, by identifying business opportunities and managing business risks. To do so, the course focuses on improving your ability to design and implement business strategy where sustainability is central. We look into the interaction of business with environment and society to identify new opportunities that could create shared value - economic and social. In this endeavor we need to think creatively but realistically about the circumstances organizations can create environmental/social value while simultaneously delivering returns to shareholders. Sustainability leaders first need to understand the factors that drive economic value when addressing the environmental/social value of their business activities. They need tools and methods to assess real impact by looking beyond financial performance and engaging the stakeholders. Then, they can innovate for new opportunities -from the basic (cost reduction, compliance) to the inspiring (entrepreneurial innovations), that create value for various stakeholders. The multifaceted nature of sustainability problems affect each functional area of the organization, general management, strategy, finance, marketing, or operations. To integrate sustainability into business strategy and decision making, the course draws ideas from business strategy, resource economics, design, entrepreneurship, and innovation theory."" *****LEADING FOR SOCIAL VALUE "The role of business in society has significantly shifted. Business leaders increasingly have to meet the challenges and competing demands of "doing well" (economic value), while at the same time "doing good" (social value). This course will build on some of the most current thinking around the design, execution and assessment of "triple bottom line" leadership strategies. Students will have the opportunity to: Engage in focused, in-depth analysis of an array of companies and the multiple ways they are addressing social value creation; Discover what leaders across these organizations are doing and the impact this is having; Explore the complex opportunities available to enhance and expand social value creation in a world where the lines between business and society have significantly shifted;"

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 offers funding to support student research in sustainability for conference presentations and other research initiatives.

School's environmental commitment 1:
To implement the first milestone of Babson's Carbon Commitment, Babson has reduced its emissions by approximately 35%. Emissions reductions were acheived by purchasing renewable energy, comprehensive energy efficiency efforts, installing twelve electric vehicle charging stations, and electrifying its heating and cooling systems. Graduate students are involved in our sustainability efforts, from launching out early recycling programs to driving electric cars.

School's environmental commitment 2:
"Babson has integrated sustainability into its procurement process for large, institution-wide purchases. Some outcomes from this process have included: - Standards for sustainably sourced food provided by our campus dining vendor - Reconfiguration of campus trash, recycling, and compost collection that resulted in a 25% increase in our recycling rate. - All office paper purchased by Babson is FSC Mix certified"

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 and support student engagement in sustainability, ranging from placing MBA students on non-profit boards to hosting Babson's annual Energy & Environment Conference.

Career Overview

From The School


Average Starting Salary
$78,123
Accepted employment by 3 months after graduation
82%

Finding Jobs & Internships

Source Of Full-Time Job Acceptances
75%
Graduate Facilitated
24%
School Facilitiated
1%
Unknown

Source Of Internship Acceptances
53%
Graduate Facilitiated
47%
School Facilitiated

Graduates Employed by Area of Practice

44%
Marketing
16%
Finance/Accounting
13%
Information Technology
11%
General Management
8%
Operations/Logistics
5%
Consulting
3%
Other

Graduates Employed by Region

73%
Northeast
24%
International
10%
South
6%
Mid-Atlantic
6%
Midwest
4%
West
1%
Southwest

Students Say

Babson is “well-known for entrepreneurship,” so there are “a lot of resources to get your company off the ground on a lean startup model and then apply for funding from the school.” The school also has “good name recognition in the venture capital space,” and its proximity to Boston offers no shortage of prized internship opportunities. Some students report that because Boston is a “finance…and biotech hub,” there is a greater “emphasis on finance, pharmaceuticals, and biotech,” than they’d expected, but others point out its “outstanding entrepreneurship culture” and preparation for a “generalist perspective” where one can apply lessons in “design thinking and rapid prototyping” to a host of settings. One student highlights their work for the “IoT for Good Lab on campus” representing Babson’s “focus on social corporate responsibility” as well as “technology in business.” Opportunities for students specializing in finance may be harder to come by: some students report that the career office has less “connections…in finance” and that “investment banking” and “M&A” jobs are practically “non-existent.”

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 44% $77,500 $71,852 $13,254 $115,000
Finance / Accounting 16% $80,000 $82,348 $65,000 $100,000
Information Technology 13% $100,000 $97,000 $60,000 $140,000
General Management 11% $80,000 $78,945 $17,617 $150,000
Operations / Logistics 8% $80,000 $72,000 $7,000 $145,000
Consulting 5% $80,000 $76,800 $24,000 $115,000
Other 3%

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 20% $83,500 $83,894 $36,000 $140,000
Technology 20% $80,000 $83,813 $52,000 $125,000
Manufacturing 11% $75,000 $65,001 $17,614 $110,000
Consumer Products 10% $80,000 $73,139 $13,254 $108,000
Real Estate 10% $77,500 $72,267 $7,000 $150,000
Pharmaceutical / Biotechnology / Healthcare 8% $110,000 $116,250 $10,000 $145,000
Non-profit 4%
Consulting 3% $80,000 $65,667 $24,000 $93,000
Media / Entertainment 3%
Other 3% $78,000 $69,333 $40,000 $90,000

Prominent Alumni

Ruthie Davis
Founder, President & Designer, Ruthie Davis

Deborah DiSanzo
General Manager, IBM Watson Health and former Executive Vice President and CEO, Philips Healthcare

Akio Toyoda
President, Toyota Motor Corporation

C. Dean Metropoulos
C. Dean Metropoulos & Co.

Geoffrey Molson
Owner, Montreal Canadiens

Overview

From The School


Dates

Application Deadlines
Apr 15

Financial Aid Statistics

Average Aid Package
$22,057

Average Scholarship / Grant Aid Package
$20,755

Students Receiving Some Form Of Aid
71%

All Students Receiving Scholarships / Grants
70%

New Students Receiving Some Form Of Aid
59%

New Students Receiving Scholarships / Grants
56%

New Students Receiving Loans
17%

Tuition Full-Time (per year)

Tuition (In-State)
$69,520
Tuition (Out-State)
$69,520
Fees (In-State)
$0
Fees (Out-State)
$0

Tuition Part-Time (per credit hour)

Tuition (In-State)
$1,768
Tuition (Out-State)
$1,768
Fees (In-State)
$0
Fees (Out-State)
$0

Expenses per Academic Year

Estimated Room And Board On-Campus
$18,798
Estimated Room And Board Off-Campus
$18,798
Academic Expenses
$2,252

Student Body Profile

Total Enrollment
574
Part Time
43%

In State
15.0%
Out of State
85.0%
Foreign Countries Represented
82

Demographics

8.00%
Underrepresented Minorities
72.00%
International

31% female
69% male

Campus Life

From The School

Students Say

There is a strong international presence at Babson, so much so that students can feel they are “in a United Nations meeting every day.” The “diversity in backgrounds really opens up your mind,” said one student, “[It] gives you many perspectives you would never have access to anywhere else.” The “small cohort” means students “are very close” and considered a “family of people with diverse goals helping each other out.” “I’m 100 percent sure that, wherever I am in the future, I’ll have 149 friends/partners” [to rely on] “both professional[ly] and personal[ly],” said one student. On-campus living provides “access to gyms and activities and easy transport[ation]” as well as “social events and student-run conferences.” And if one is feeling like socializing and networking off-campus, “Wellesley is about 30 minutes outside of downtown Boston.”

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



Contact
Monica M. Moore
Dean 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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