Babson College today (July 21) said it will open a fourth campus in Miami, initially offering three graduate programs at the new location including its blended learning MBA program and a master’s degree in business analytics in the fall of next year. The school, based in Wellesley, Mass., already has existing campuses in both Boston and San Francisco.
Babson’s new Miami hub will piggyback on the CIC Miami (Cambridge Innovation Center, a co-working space in the University of Miami Life Science and Technology Park. The school said that location “brings together a community of entrepreneurs focused on making a positive impact and is a part of the city’s booming innovation corridor.” Students will have full, 24/7 access to classroom, conference, and café space, and also can participate in CIC’s weekly Venture Café Miami gatherings, monthly community breakfasts, client presentations, and mentors. Katherine McVey, associate director of graduate admissions for Babson, alluded to the new campus in a recent interview with Poets&Quants.
Babson’s decision to get into the area, a gateway of sorts to Latin America, follows a number of other prominent business schools. Northwestern University’s Kellogg School of Management which has long had an executive MBA program in the area just outside the city in Coral Gables since 2006. Two years earlier,
the Warrington College of Business Administration at the University of Florida, located about 350 miles north in the city of Gainesville, opened a satellite EMBA program in Sunrise, in the tri-county cluster of Miami-Dade, Broward and Palm Beach. Britain’s Manchester Business School launched its own Miami EMBA programme in 2010 but has since closed down the location.
BABSON IS NO STRANGER TO THE MIAMI AREA
Babson, however, is no stranger to Miami. In the past three years, the school has been an academic partner to Goldman Sachs 10,000 Small Businesses program, hosted at Miami-Dade College. That program empowers local small business owners to help their businesses grow.
The school’s expansion also builds on the ongoing success of its women’s entrepreneurship accelerator, Women Innovating Now (WIN) Lab® Miami, which has had local roots since 2016. The program’s inaugural cohort of local women entrepreneurs raised nearly $2 million in funding in the first year.
No less crucial, the region boasts the fourth-largest concentration of Babson graduates. “Miami is home to more than 1,300 Babson alumni and is already such a vibrant network of family businesses and innovative startups,” says Babson College President Kerry Healey in a statement. “We are excited to build on local WIN Lab® momentum, further expand our role and presence in Miami’s thriving entrepreneurial ecosystem, and bring three of Babson’s world-renowned graduate programs to professionals who want to positively impact large corporations, family businesses, nonprofits, or start their own venture.”
WILL BEGIN WITH AN $87,025 BLENDED MBA & A $57,630 MS IN BUSINESS ANALYTICS
Though classes are not expected to begin until the fall of 2018, the school said it is now receiving applications for three programs:
- An $87,025 Blended Learning MBA degree program over 21 months. This well-known Babson program combines online classes, face-to-face sessions, and virtual collaboration, and is ranked top 10 worldwide by Financial Times and No. 1 for average alumni earnings.
- A $57,630 Master of Science in Business Analytics program, which provides students with the tools and analytic methods to effectively communicate the value of data. It is delivered part-time in as little as 18 months in a flexible blend of online and face-to-face sessions.
- A $25,770 self-paced Certificate of Advanced Management degree, which allows students to build relevant skills and earn credits that can be applied to a future Babson degree.
The school does not require a GMAT for either its master’s in analytics or its advanced management certificate and may waive a GMAT requirement for students in the blended MBA program depending on work experience.
The school said that some of its most notable Miami-area alumni include: Francine Gervazio MBA’16, Murilo Amaral MBA’16, and Alfredo Keri MBA’16, founders of Cargo42; Alberto Perlman ’98, co-founder and CEO of Zumba Fitness, LLC; the Zamora family, who run the financial institution LAFISE; and Diego Lowenstein ’90 P’21, CEO and the third generation to work at Lionstone Development, founded and headquartered in Miami.