45. Babson College’s F.W. Olin Graduate School of Business
Babson College’s F.W. Olin Graduate School of Business231 Forest St.
Babson Park, Massachusetts , 02457
Admissions: 800-488-4512 or 781-239-4317
While Babson is renowned for its success in cultivating entrepreneurs, far more graduates of the MBA program use their Babson training to succeed in corporate environments. Babson emphasizes integrative learning through its cross-disciplinary, modular curriculum. The first-year MBA curriculum features four modules: Creative Management in Dynamic Organizations; Assessing Business Opportunities; Designing and Managing the Delivery System; and Growing Businesses in a Changing Global Environment.
Building on the first-year experience, the second year encourages students to focus their studies through a combination of required courses and electives. The Babson elective curriculum lets students customize studies to fit your individual career goals. Electives are structured around six Career Contexts: Consulting and Professional Services, Consumer Products, Entrepreneurship, Financial Services, Global Management, and Managing in Technology-Intensive Enterprises.
Many electives are organized around “Career Contexts,” which help students make choices consistent with their individual career goals. Another program initiative, the “intensive elective,” enables students to complete selected courses through highly concentrated study during a three-day period.
Latest Up-to-Date MBA Rankings:
Poets&Quants (2012): 45
BusinessWeek (2012): 42
Forbes (2011): 44
U.S. News & World Report (2013): 56
Financial Times (2013): 80 (global), 38 (U.S.)
The Economist (2012): NR
Rankings Analysis: Babson’s F.W. Olin Graduate School made more progress in 2012, moving up three places on Poets&Quants’ composite ranking to a rank of 45th from 48thin 2011 and from 54th in 2010. The school’s improvement can be attributed to previous advances in three major rankings last year: Forbes, U.S. News & World Report, and The Financial Times as well as the overall dynamics of the list itself.
Forbes, which ranks schools solely on the basis of return on investment, gave Babson a rank of 44th in 2011. Previously, the school had been unranked by Forbes. U.S. News, which ranks MBA programs on a variety of metrics including starting salary, placement and reputation among deans, put Babson at a rank of 61st in the U.S., a slight drop from its rank of 52 a year earlier. And The Financial Times ranked the school 52nd among U.S. programs this year.
BusinessWeek, which ranks schools largely on the basis of graduate satisfaction and recruiter opinion surveys, puts Babson in 42nd place among the best U.S. MBA programs, slightly down from 39th in 2010. As one obviously pleased Class of 2012 graduate told the magazine: “Babson’s entrepreneurial focus does two things that make it unique: 1) The classes are framed in an entrepreneurial mindset and a ‘can-do’ attitude, and 2) It draws students from a very wide and varied background, and are looking to enter a wider variety of career than other schools, creating learning opportunities from classmates that I do not believe are possible in a traditional MBA school.”
Two-Year Tuition: $91,180
Average GMAT: 618
Average GPA: 3.23
Acceptance Rate: 72.8%
Full-Time Two-Year MBA Class Size: 169
Full-Time One-Year MBA Class Size: 80
Mean Age: 28
Average 2012 Base Salary: $89,742
Percentage of Class of 2012 MBAs with Job Offers at Graduation: 55%
Percentage of Class of 2012 MBAs with Job Offers Three Months Later: 88%
Where Babson’s Class of 2012 Went to Work:
Consumer Products: 22%
Financial Services: 15%
Pharmaceutical/Biotechnology/Health Care: 7%
Real Estate: 3%
Top Employers of the Class of 2012:
CVS Caremark 4
Credit Suisse 2
Babson’s MBA program has been ranked number one in the country for entrepreneurship for 20 consecutive years by U.S. News & World Report, as well as by the Princeton Review. At Babson, 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.
Integration across disciplines is a fundamental part of our academic pedagogy and is purposely built into the curriculum of the Babson MBA. The curriculum is unified across programs and reflects a model that every course is highly interactive with an emphasis on team-based learning. This curriculum allows students to gain deep functional knowledge and business skills, while developing an entrepreneurial mindset. This innovative curriculum, with interdisciplinary team-teaching and built-in flexibility, delivers a business education that superbly prepares students for successful careers.
Building off the classroom curriculum are the Signature Learning Experiences (SLEs). These experiences reinforce and expand classroom learning through hands-on activities that require students to put theories into practice. Students continually praise these experiences as an “invaluable means to act in real world situations in real time”. The focus is not only on the development of the business skills necessary to be successful in an ever changing global environment, but also to give the students the skill sets necessary to manage self and others in this context.
To supplement, there is a wide array of elective courses for deeper experiential and field-based learning. Electives can be organized to give students parallel experience to their current or future career paths. Students can customize their portfolio of electives to meet their career aspirations.
“There’s no 1 way to get an MBA. There are 4.”
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. Each program is grounded in our unique application of Entrepreneurial Thought and Action® across business disciplines and tailored to meet the educational, professional, and personal needs of our diverse students.
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.
Fast Track 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.
Babson offers the MBA experience in two locations in Massachusetts – Wellesley and Boston, as well as San Francisco, California.
Across all locations, students are taught by the same diverse and accomplished faculty, enabling a consistent and interactive experience, regardless of where they are sitting. Whether a student is at our main campus in Wellesley, at a face-to-face session at our San Francisco campus, or attending an evening class at our Boston campus, they are provided with the skills and experience today to prepare them to be leaders tomorrow.
Real People/Real Stories
The people of Babson live Entrepreneurial Thought and Action® daily. Whether students, faculty, staff, alumni or friends of the college, Babson community members are leading the way to a more prosperous, sustainable and lively way of doing business. Discover their stories here.