Overview

Applicants
Acceptance Rate
Average Undergrad GPA
3.22
Years Work Experience
5.8
Average Age
28

Test Scores

GMAT (25th and 75th percentiles)
-
GPA
-

Deadlines


Round 1
October 26

Round 2
January 11

Round 3
March 3

Round 4
April 14

Other Admission Factors

Academic

Non-Academic

Interviews

School Type And Accreditation

School Type
Private

AACSB-approved
Yes

Selectivity Rating

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

Average Starting Salary
$78,313
Accepted employment by 3 months after graduation
22%

Finding Jobs & Internships

Source Of Full-Time Job Acceptances
67%
Graduate Facilitated
33%
School Facilitiated

Source Of Internship Acceptances
54%
Graduate Facilitiated
41%
School Facilitiated
4%
Unknown Facilitiated

Graduates Employed by Area of Practice

39%
Marketing
16%
Finance/Accounting
13%
Operations/Logistics
11%
General Management
9%
Consulting
9%
Information Technology

Graduates Employed by Region

61%
Northeast
27%
International
5%
West
3%
Mid-Atlantic
2%
Midwest
2%
South

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 39% $71,000 $68,288 $12,245 $114,400
Finance / Accounting 16% $89,100 $89,179 $28,954 $166,400
Operations / Logistics 13% $72,000 $76,535 $33,280 $115,000
General Management 11% $88,000 $86,796 $2,245 $175,000
Consulting 9% $89,800 $90,109 $70,000 $110,000
Information Technology 9% $90,000 $86,973 $21,160 $125,000

Industries

Industries % of Grads Seeking Employment Who Accept
Jobs w/in 3 Months
Median Salary Mean Salary Low Base Salary High Base Salary
Technology 16% $87,500 $88,250 $50,000 $125,000
Financial Services 14% $74,500 $76,540 $28,954 $145,000
Pharmaceutical / Biotechnology / Healthcare 14% $95,000 $100,314 $33,280 $175,000
Manufacturing 11% $45,120 $62,279 $2,245 $120,000
Other 11% $70,000 $63,899 $12,245 $100,000
Consumer Products 10% $85,000 $76,775 $41,600 $96,000
Consulting 7% $95,000 $97,400 $89,600 $110,000
Petroleum / Energy 4% $56,000 $58,820 $33,280 $90,000

Prominent Alumni

Ruthie Davis
Founder, President & Designer, Ruthie Davis

Deborah DiSanzo
former General Manager, IBM Watson Health; former CEO, Philips Healthcare; Director, PathMaker Neurosystems Inc.

Akio Toyoda
President, Toyota Motor Corporation

C. Dean Metropoulos
Chairman and CEO, Metropoulos

Geoffrey Molson
President and CEO, CH Group Limited Partnership; Owner, Montreal Canadiens; General Partner, Molson Coors Beverage Company

Dates

Application Deadlines
Apr 15

Financial Aid Statistics

Average Aid Package
$23,234

Average Scholarship / Grant Aid Package
$22,159

Students Receiving Some Form Of Aid
93%

All Students Receiving Scholarships / Grants
93%

New Students Receiving Some Form Of Aid
96%

New Students Receiving Scholarships / Grants
96%

New Students Receiving Loans
18%

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
$19,914
Estimated Room And Board Off-Campus
$19,914
Academic Expenses
$1,776

Student Body Profile

Total Full-Time Enrollment
281
Part Time
43%

In State
10.0%
Out of State
90.0%
Foreign Countries Represented
34

Demographics

4.00%
Underrepresented Minorities
78.00%
International

31% female
69% male

Campus Life

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

Contact
Colleen Hynes
Director 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


Articles & Advice