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 24 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
577
Acceptance Rate
63%
Average Undergrad GPA
3.26
Years Work Experience
5.4
Average Age
28

Test Scores

GMAT (25th and 75th percentiles)
590 - 690
GPA
2.87 - 3.59

Deadlines


Round 1
October 31

Round 2
January 3

Round 3
February 28

Round 4
March 31

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
11:1
Total Faculty
102

72
Full-time
30
Female
28
Part-time
9
Underrepresented Minorities


Students Say

Already well-known for its undergraduate business program, Babson College weaves six goals into its MBA program at the F.W. Olin Graduate School of Business, which is structured around the trademarked Entrepreneurial Thought and Action® methodology and incorporates experiential learning through programs such as the Babson Consulting Alliance Program (BCAP) and the Management Consulting Field Experience (MCFE). Four different delivery models allow students to get their MBA in one year, two years, via evening courses, or through a Blended Learning Curriculum. Concentrations and electives complement the core curriculum of each individual program. Students are "encouraged to get involved both inside and outside the classroom," and the "collaborative mindset of all the student allows for deep and meaningful relationships to be built quickly." Given that this is an entrepreneurship school, "students come to the program with their business ideas and [are] willing to turn them into companies." Required entrepreneurship courses force students to create their own businesses even if they are not looking to follow the entrepreneurship path, and there is "a rocket pitch competition several times in the year." "When you get to Babson everyone is pitching their businesses," says a student. "The entrepreneurial spirit courses through the walls of the buildings."

The dedication to teaching and advising by professors at Babson is "second to none." They "teach you with great success how to launch, manage, grow and finance a new venture," and are "helpful not only within their courses but also to help you apply for work and generate useful networks." "I've had professors call my cell phone on the weekend to follow up on topics, and have had professors specifically come to campus on their days off to meet with students," says one. Classes "do not feel as though they are taught from a textbook," and the school excels at "discussing the changing nature of business and stoking student's ability and curiosity in following these trends." MBA students agree "the greatest takeaway is having our professors' mentorship beyond regular class time."


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
"***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 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; - Contribute to the Second Edition of the Babson student-created book, Social Value Creation Matters. ***Leading and Managing Sustainability: The purpose of this course is to provide an understanding of the concept of sustainability thinking and the practical process of sustainability-oriented innovations. Sustainability thinking challenges entrepreneurial leaders to enable the transition to a sustainable economic system, by identifying business opportunities and leading transformation of business culture. Students will learn about the systemic view of sustainability on how organizations can create social value while simultaneously delivering realistic economic returns: repurpose, stakeholder involvement, design & implementation of innovations and metrics development. Students will develop practical knowledge and skill set from design thinking and systems thinking as integral disciplines to manage human, financial, and other resources in innovations that transform businesses. Our goal is to provide the basis for a common language and understanding of the intersection between environmental/social issues and sustainability, innovation and entrepreneurship, business strategy, and organizational culture. Ultimately, students will develop their understanding of how to lead the transformation of a conventional business into a sustainable business. The course has four parts. The first part will give students an overview of the sustainability thinking and allied strategy and the tools for designing the process through which it happens: what dimensions and questions might be considered to evaluate and guide sustainability. Having identified both the challenges and tools associated with sustainability, the second part will make the case for making a product or service sustainable. The third part will shift the discussion to making an organization sustainable and characteristics of sustainability leaders. Finally, the fourth part will reflect on making your life sustainable. Students will explore how to apply ideas from the course to a more sustainable way of living. Students who are interested in any of the following roles may find it useful: • An entrepreneur wanting to understand sustainability as a business opportunity • An individual or corporate strategy group developing a sustainability strategy • An individual or corporate strategy group seeking growth through sustainability innovations • A manager deciding whether to invest resources and other infrastructure in a sustainability project • A leader wanting to develop a culture of sustainability and organizational change • An R&D group aiming to integrate sustainability into its innovation process 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."

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:
Babson has signed the Carbon Commitment and created 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. To date, Babson has reduced its emissions by approximately 35% in the past decade. Savings from energy efficiency have been reinvested in renewable energy purchases.

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, 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
$80,000
Accepted employment by 3 months after graduation
80%

Finding Jobs & Internships

Source Of Full-Time Job Acceptances
69%
Graduate Facilitated
31%
School Facilitiated

Source Of Internship Acceptances
51%
Graduate Facilitiated
49%
School Facilitiated

Graduates Employed by Area of Practice

36%
Marketing
18%
General Management
16%
Finance/Accounting
14%
Consulting
6%
Information Technology
5%
Operations/Logistics
5%
Other

Graduates Employed by Region

56%
Northeast
29%
International
10%
South
4%
West
1%
Mid-Atlantic

Students Say

The academic pressure at Babson is "high, but the school provides many resources to help the student at each stage." The clubs are very active and "have frequent interactions with companies through industrial visits, on-campus information sessions, discussions, [and] challenges" and are really the key to success here. "We have fun, but we are also getting the jobs that we need at the end of our time at Babson," says a student. There is "a litany of events every day," from lecture series to film screenings and pitching events to forums in social justice, and "members of each department in the graduate school are approachable and curious about each student's story." Though some students wish there was a bigger push for recruitment, others say that the Graduate Center for Career Development does solid work and students "shouldn't be expected to be handed a job." Employers of recent Babson graduates include athenahealth, CVS Caremark, Bain Capital, EMC Corporation, Novartis Pharmaceuticals, iRobot.

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 36% $75,111 $76,426 $32,000 $110,000
General Management 18% $70,000 $62,150 $10,312 $120,000
Finance / Accounting 16% $85,000 $84,325 $50,000 $140,000
Consulting 14% $87,000 $86,131 $42,306 $135,000
Information Technology 6% $99,500 $90,200 $30,199 $127,000
Operations / Logistics 5% $57,804 $57,427 $41,600 $72,500
Other 5% $100,000 $95,000 $60,000 $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
Other 21% $74,000 $70,887 $30,199 $120,000
Financial Services 18% $90,000 $89,154 $50,000 $140,000
Technology 17% $85,000 $84,748 $60,000 $127,000
Manufacturing 13% $57,500 $53,783 $10,312 $99,000
Consulting 10% $78,500 $78,338 $42,306 $135,000
Pharmaceutical / Biotechnology / Healthcare 6% $105,000 $105,600 $90,000 $120,000
Petroleum / Energy 4% $77,500 $80,000 $65,000 $100,000
Real Estate 4% $72,405 $82,468 $60,000 $115,000
Consumer Products 3%

Prominent Alumni

Ruthie Davis
President & Designer, Ruthie Davis

Crystal Bryant
Vice President, First Republic Bank

Akio Toyoda
President, Toyota Motor Corporation

James Poss
Founder & President, BigBelly Solar Inc.

Geoffrey Molson
Owner, Montreal Canadiens

Overview

From The School


Dates

Application Deadlines
Apr 15

Financial Aid Statistics

Average Aid Package
$18,248

Average Scholarship / Grant Aid Package
$16,260

Students Receiving Some Form Of Aid
84%

All Students Receiving Scholarships / Grants
83%

New Students Receiving Some Form Of Aid
83%

New Students Receiving Scholarships / Grants
81%

New Students Receiving Loans
22%

Tuition Full-Time (per year)

Tuition (In-State)
$67,562
Tuition (Out-State)
$67,562
Fees (In-State)
$0
Fees (Out-State)
$0

Tuition Part-Time (per credit hour)

Tuition (In-State)
$1,718
Tuition (Out-State)
$1,718
Fees (In-State)
$0
Fees (Out-State)
$0

Expenses per Academic Year

Estimated Room And Board On-Campus
$18,262
Estimated Room And Board Off-Campus
$18,262
Academic Expenses
$2,186

Student Body Profile

Total Enrollment
882
Part Time
64%

In State
43.0%
Out of State
57.0%
Foreign Countries Represented
91

Demographics

8.00%
Underrepresented Minorities
68.00%
International

30% female
70% male

Campus Life

From The School

Students Say

Life at Babson is "all action and never ever boring," a business school students spend days "studying, meeting in teams for group work to complete an assignment, meeting other members of student organizations to organize an event and often attend a company visit." There are hundreds of clubs that are accessible and available to students, and students say that the school is "probably the only school in the country that is its own town." People in classes are "outgoing, friendly, and highly intelligent," and everyone is willing to help and have a balanced life between studying and having fun." There is a very large international quotient here, and while most students "have business experience and want to accelerate their career with the MBA," some have new ventures. Many also come from family business backgrounds. Overall, "people are happy, and that is very contagious. Motivation is part of our everyday school life!"

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


Articles & Advice