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
760
Acceptance Rate
71%
Average Undergrad GPA
3.25
Years Work Experience
5.4
Average Age
28

Test Scores

GMAT (25th and 75th percentiles)
570 - 660
GPA
2.99 - 3.58

Deadlines


Round 1
October 16

Round 2
December 3

Round 3
February 4

Other Admission Factors

Academic

Non-Academic

Interviews

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
7:1
Total Faculty
62

71
Full-time
29
Part-time
24
Female
2
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

Analytics and Information Management
Finance
Leadership/Management

Certificate Programs

Business Administration

Center for Research

Entrepeneurship
Finance


Sustainability

Courses in Sustainability
Yes

Sustainability course is
Optional

Description
Brief descriptions are listed below; the full course descriptions can be found at: https://www.babson.edu/academics/graduate-school/course-catalog/ Details about the Social Innovation Intensity Track (which includes all sustainability courses) can be found here: https://www.babson.edu/academics/centers-and-institutes/the-lewis-institute/active-learning/social-innovation-intensity-track/ MOB 7522: Leading and Managing Sustainability (3 credits) The purpose of this course is to provide an understanding of the concept of sustainability thinking and the practical process of sustainability-oriented innovations. MFE 7500: Lewis Institute MCFE (1.5 or 3 credits) The Management Consulting Field Experience (MCFE) offers students the opportunity to gain practical industry experience while working with professionals in the business community. The Lewis Institute MCFE is a consulting experience focused on social and sustainable enterprises. EPS 9555: Public Policy Entrepreneurship (1.5 credits) Public Policy Entrepreneurship is a 1.5 credit intensive elective focused on applying Entrepreneurial Thought and Action to answering questions around policy challenges at all levels -- local, regional, national, international. MOB 7548: Leading for Social Value (1.5 credits) This course will build on some of the most current thinking around the design, execution and assessment of ""triple bottom line"" leadership strategies. MOB 9540: Extended Enterprise Management Practicum (1.5 credits) This course describes how the most successful organizations 1) see themselves as real-time members of complex ecosystem networks, far beyond company walls, and 2) have their people at all levels travel the world experiencing first-hand how their actions create - or destroy - value in real time for ecosystem members many network levels away from the company. FIN 7517: Financing and Valuing Sustainability (3 credits) This course will examine the concepts of 'going green' and sustainability in the context of finance and value creation. MBA 7541: Building and Leading Conscious Business (3 credits) 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. EPS 7539: Future Trends in EPS Ventures (1.5 credits) Changing industry and market forces create scalable, emergent markets for new ventures. Entrepreneurs and Corporate Innovators who can grasp future trends have a distinct advantage in being able to focus their efforts where opportunities and markets converge. EPS 7538: Japan: Institutions and Entrepreneurship (3 credits) This course is built on two major themes: 1. Institutions Business and Society Provide students a chance to experience, and have an in-depth look at Japanese business and society how institutions (i.e., formal and informal rules of the game) shape/govern business and society. 2. Entrepreneurship and Opportunity Encourage students to practice Entrepreneurial Thought and Action (ET&A) within the institutional (e.g., social, political, cultural) environment in Japan. MSM 6110: Global Entrepreneurship Experience (3 credits) A travel study course to explore an international entrepreneurial ecosystem and to develop students' global mindsets as entrepreneurial leaders. EPS7543: Technology, Entrepreneurship, and Design in Sweden (3 credits) Entrepreneurial leaders excel in acting with limited information, maximizing outputs from limited resources, and managing uncertainty in dynamic conditions. In this course, students will have the opportunity to apply their classroom knowledge and past professional experiences to practice these facets of entrepreneurial leadership in Stockholm, Sweden. MOB 7518: Solving Big Problems (3 credits) Big problems are those that if solved even partly will transform industries, change the way we live, and greatly better people's lives. This elective course is about the nature of big problems, the pioneers who solve them, and how they do so. MIS 9550: Innovating with Wearable Technology In this course students will learn about the lean digital startup and follow agile principles to conceive and create a wearable technology device with a clear value proposition. MBA 7502: FutureLab: Mobility Opportunities (3 credits) FutureLab: Mobility Opportunities course offers students the opportunity to experience the action learning approach to real-world mobility issues and opportunities. FIN 7531: Impact Investing and Social Finance (1.5 credits) On the micro level, students learn how to identify the capital needs of a diverse set of mission-driven businesses and initiatives, devise impact theses and strategies for a range of investors, and work in teams to source, research and pitch investment opportunities. On the macro level, students learn to analyze impact investment strategies of private and public entities from around the world, and examine what policies and practices are needed to accelerate these strategies to fund the Sustainable Development Goals.

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 to social entrepreneurship. The Office of Sustainability offers funding to support student research in sustainability for conference presentations and other research initiatives. Finally, the Lewis Institute for Social Innovation offers ""Inventureships"" to place students into social or sustainable organizations for practical, hands-on research and professional learning, as well as ""Board Fellows"", which is an experiential learning program that places Babson MBA students and alumni as nonvoting members of nonprofit Boards. https://www.babson.edu/academics/centers-and-institutes/the-lewis-institute/active-learning/inventureships/ https://www.babson.edu/academics/centers-and-institutes/the-lewis-institute/active-learning/board-fellows/

School's environmental commitment 1:
First and foremost, Babson exists to educate the future business leaders of the world. We strive to integrate sustainability into every aspect of our business and entrepreneurship pedagogy. Both the Office of Sustainability and the Lewis Institute for Social Innovation offer a wide range of sustainability opportunities and programs and support student engagement in sustainability, ranging from placing MBA students on non-profit boards and advising student startups that have social and environmental values to hosting Babson's annual Babson Sustainability Forum. The Lewis Institute offers a Social Entrepreneurship Intensity Track, our version of an MBA concentration, which features several dedicated sustainability electives, as described elsewhere. In addition to this dedicated sustainabilty concentration, we also integrate sustainability into the core required business classes, from cases involving social enterprises to the inclusion of social and environmental metrics in courses such as "Measuring & Managing Strategic Performance.

School's environmental commitment 2:
Babson has taken steps to practice what it preaches by reducing its own environmental footprint. Since our 2006 baseline year, we have reduced greenhouse gas emissions by 35% through measures such as energy efficiency efforts, purchasing renewable energy, and electrifying heating and cooling systems. We have also reduced our material and waste footprints by integrating sustainability into our 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, and single-stream recycling and composting. We involve our students in these sustainability efforts as much as possible.

School's environmental commitment 3:
Babson also facilitates and promotes awareness around sustainable living for our staff, faculty, students, and alumni. For example, we have installed twelve electric vehicle charging stations and provided information about public transportation alternatives for a greener commute. We also promote healthy and sustainable dining, such as vegetarian and vegan meals and reusable containers.

Career Overview

From The School


Average Starting Salary
$85,511
Accepted employment by 3 months after graduation
83%

Finding Jobs & Internships

Source Of Full-Time Job Acceptances
73%
Graduate Facilitated
27%
School Facilitiated

Source Of Internship Acceptances
49%
School Facilitiated
49%
Graduate Facilitiated
3%
Unknown Facilitiated

Graduates Employed by Area of Practice

28%
Marketing
20%
General Management
15%
Operations/Logistics
13%
Consulting
12%
Finance/Accounting
8%
Information Technology
4%
Other

Graduates Employed by Region

53%
Northeast
35%
International
6%
West
2%
South
2%
Southwest
1%
Mid-Atlantic

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 28% $80,000 $81,489 $18,240 $130,000
General Management 20% $65,213 $78,636 $13,483 $200,000
Operations / Logistics 15% $60,000 $75,020 $37,616 $155,000
Consulting 13% $98,875 $103,229 $9,000 $150,000
Finance / Accounting 12% $85,000 $85,000 $30,000 $175,000
Information Technology 8% $102,500 $88,241 $18,927 $140,000
Other 4% $105,000 $100,600 $72,800 $124,000

Industries

Industries % of Grads Seeking Employment Who Accept
Jobs w/in 3 Months
Median Salary Mean Salary Low Base Salary High Base Salary
Technology 23% $100,000 $92,447 $18,927 $155,000
Financial Services 14% $108,000 $109,135 $65,000 $175,000
Consumer Products 13% $90,000 $88,120 $50,000 $130,000
Consulting 11% $100,000 $106,083 $50,000 $150,000
Manufacturing 11% $37,616 $59,300 $9,000 $120,000
Other 11% $60,000 $75,780 $33,017 $200,000
Pharmaceutical / Biotechnology / Healthcare 10% $85,500 $79,507 $18,240 $120,000
Non-profit 5%
Real Estate 4% $51,000 $60,243 $28,974 $110,000

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
$22,789

Average Scholarship / Grant Aid Package
$22,253

Students Receiving Some Form Of Aid
77%

All Students Receiving Scholarships / Grants
76%

New Students Receiving Some Form Of Aid
89%

New Students Receiving Scholarships / Grants
88%

New Students Receiving Loans
15%

Tuition Full-Time (per year)

Tuition (In-State)
$71,564
Tuition (Out-State)
$71,564
Fees (In-State)
$0
Fees (Out-State)
$0

Tuition Part-Time (per credit hour)

Tuition (In-State)
$1,990
Tuition (Out-State)
$1,990
Fees (In-State)
$0
Fees (Out-State)
$0

Expenses per Academic Year

Estimated Room And Board On-Campus
$19,332
Estimated Room And Board Off-Campus
$19,332
Academic Expenses
$2,316

Student Body Profile

Total Enrollment
344
Part Time
43%

Foreign Countries Represented
55

Demographics

6.00%
Underrepresented Minorities
75.00%
International

32% female
68% 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
Courtney Minden
Dean of 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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