About the Babson MBA

The F. W. Olin Graduate School of Business is part of the illustrious Babson College and is located in Wellesley, Massachusetts. It provides MBA programs in one-year, two-year, evening, online evening, and blended learning formats. Babson College has been placed first in the US News & World Report – Entrepreneurship MBA Ranking for four years in a row (2018-2021). According to the Bloomberg – Best Business School USA rating, the college surged to third place in 2020 from 56th place in 2018 and 2019.

Olin GSB, often known as the “Entrepreneur’s College,” is well-known for immersing its students in the entrepreneurial lifestyle and culture. For the past 25 years, U.S. News has named the Babson MBA program as the best in the country for entrepreneurship. Professors who have created, sold, bought, or operated successful firms teach every entrepreneurship subject in the Babson MBA Program. The objective of the school is to develop entrepreneurial leaders who add economic and social value.

The Full time MBA Program 

Babson offers full-time MBA programs in two formats: one year and two years. Babson’s one-year MBA program lasts 12 months, while the two-year MBA program lasts 21 months. Both versions of MBA have the same amount of credits: 45, including 15 for core courses and 30 for electives that one can pick from based on their interests. As part of the core course, students will be required to complete a client consulting assignment. A two-year full-time MBA also allows students to do internships, take classes, or engage in Babson’s incubators during the summer (May to August).

Babson has almost 43,000 alumni spread over 129 countries.

The expected costs are as follows:

Babson College offers a number of financial aid, support, and assistance in terms of scholarships and awards. The list is as follows –

·   Olin MBA Fellows

·   Babson Diversity Leadership Fellowship

·   Babson Diversity Leadership Scholarship

·   Women’s Leadership Awards

·   Blank Center Innovators Award

·   Babson & City Year’s University Partnership Program

Class Profile

The MBA cohort typically represents a wide array of industries and professional backgrounds, providing a truly global learning experience.

The industry experience of students, prior to joining is also diverse, ranging from consulting, banking, and financial services to fashion and performing arts. About 27% are international or non-US students. 

At 44%, Babson has a decent gender diversity ratio compared to other B-schools throughout the world which is commendable.

The infographic below depicts the Babson MBA class profile with statistics about the gender distribution, age, work experience, and geographical background of the students.

Babson MBA Curriculum

The Babson MBA is 45 credits whether one completes it in one or two years. All MBA students earn their first 15 credits via the nine core courses, including real-world learning. One-year students complete the program in 12 months, while two-year students earn their MBA in 21 months.

The rest of the MBA consists of electives. Students choose from seven concentrations, or seven intensity tracks, in addition to experiential learning opportunities, that enables one to focus on areas of interest. 

Babson’s 4 Learning Goals –

Babson’s Entrepreneurial Thought & Action methodology prepares students to become entrepreneurial leaders so that they can address the greatest challenges of business and society, including innovation, growth, integrated sustainability, and globalization. Whether one is making an impact within an established organization or starting one’s own venture, the increased self-awareness, expanded mindset, and refined skill set allows one to create both economic and social value. The learning goals are as follows- 

Collaboration

Collaborate with and learn from others to accomplish a common goal or create original work.

Leadership

Lead people to work toward shared goals with consideration of the ethical implications of their actions.

Communication

Develop and express ideas strategically, through written, oral, and visual formats, to a specific audience for a desired purpose.

Problem solving

Analyze and assess ideas and data to make decisions and recommendations appropriate to situations and stakeholders. 

Core Courses

Leading Through Opportunity and Design

  • Entrepreneurship
  • Strategy
  • Financial and Sustainability Reporting
  • Managing People and Organizations

Leading Through Innovation and Growth

  • Business Analytics
  • Marketing
  • Operations and Information Management
  • Finance

Babson Consulting Experience

  • Active, project-based work with a client partner

Market Aligned Elective Courses

Students can specialize and build skills in a variety of areas, including:

  • Machine Learning Methods for Business
  • Business Strategy and Game Theory
  • Artificial Intelligence for Business Decisions
  • Disruptive Change and Enterprise Transformation
  • Food Entrepreneurship
  • Leading Business Turnarounds
  • Leading for Social Value
  • Negotiations
  • New Venture Creation
  • Real Estate Investment Fundamentals

Experiential Learning 

It is part of Babson’s DNA: More than 80 partner organizations bring their real-world challenges to class. Students consult with client companies, meet with business leaders locally and abroad, and workshop their startups in the classroom. Here are some of the signature experiences one can look forward to during the Babson MBA:

  • Electives Abroad
  • Student Consulting Projects
  • Independent Research

Placement Statistics

Whether it’s launching a venture, changing industries, or accelerating a career, a Babson degree helps move from where one is to where one wants to be.

Full Time MBA alumni are making an impact across organizations and industries, earning an average of $147,595 three years after graduation Here are the top industries of choice where Babson Full-Time MBA grads work.

  • 20% Technology
  • 20% Financial Services
  • 16% CPG/Retail
  • 11% Consulting
  • 9% Manufacturing
  • 7% Life Sciences/Healthcare

Notable alumni

Arthur M. Blank is the Co-Founder of Home Depot and the current owner of the Atlanta Falcons.

Daniel Frank Gerber founded Gerber Products Company.

Craig Benson is the former Governor of New Hampshire from 2003 to 2005.

Jamie Siminoff is the Founder and CEO of Ring, which was recently acquired by Amazon earlier this year for $1B.

Application Details  

MBA Application Requirements

  • Short answer questions
  • One letter of professional recommendation (non-academic)
  • Résumé
  • Transcripts from all institutions, undergraduate and graduate
  • An essay to provide additional pertinent information to the admissions committee (optional)

Application Fee: $100

 Application Deadlines

Babson Essays 

·   How do you intend to leverage Babson’s resources to support your ambitions?

·   Share one thing that you have learned about yourself since starting your most recent job/college. How has this learning impacted other decisions or actions? 

·   Tell us about a mistake you have made either personally or professionally, and how you learned from it