Babson College was founded in the year 1919 by Roger Babson. At that time it was light years ahead in comparison with other similar institutes, because it offered a curriculum that was uh, strictly business! The curriculum was divided into four subject areas: practical economics, financial management, business psychology and personal efficiency. As a student, you would be taught real-world business strategies by seasoned businessmen. You would have an office desk with a telephone, typewriter, adding machine, Dictaphone and even a personal secretary to type your assignments!
Today’s Babson offers undergraduate and graduate studies in concentrations like accounting, business analytics, computational and mathematical finance, economics, entrepreneurship, environmental sustainability, finance, global and regional studies, global business management, IT management, leadership and the like. Indian students make the largest cohort among international students at Babson College.
IN THIS BLOG:
1. Take a look at some quick facts about Babson:
2. MBA at Babson College
3. Babson College MBA requirements
4. Babson MBA application process
5. MBA Upcoming Application Deadline: January 19, 2022
6. Babson College MBA interview
7. Babson College MBA acceptance rate
8. Babson College MBA fees
Take a look at some quick facts about Babson:
MBA at Babson College
Babson College offers graduate business programs at both master’s and certificate levels. It’s B-school, the FW Olin Graduate School of Business focuses on providing real-world experiential learning and developing the entrepreneurial spirit.
It offers a full-time MBA program in two formats, MS in Entrepreneurial Leadership, MS in Finance, MS in Business Analytics and Certificate in Advanced Management. It also offers part-time MBA program that is self-paced and allows you the flexibility to mix and match courses as per your schedule and interest.
List of MBA concentrations at Babson College:
- Business Analytics
- Business Analytics and Machine Learning
- Global Management
- Quantitative Finance
Two MBA concentrations at Babson are STEM-designated – Quantitative Finance, and Business Analytics and Machine Learning. STEM MBAs give international students the opportunity to live and work in the US for 36 months after completing their course.
Babson College MBA requirements
Full time MBA at Babson is delivered in two formats: 1-year MBA and 2-year MBA. One year MBA at Babson has a duration of 12 months whereas two year MBA has a duration of 21 months. Both types of MBA have same number of credits: 45 out of which 15 are for core courses and 30 are for electives that you can choose as per your interest. You will be required to complete a client consulting project as part of the core course. Two year full time MBA additionally gives you the opportunity to land internships, take classes or participate in Babson’s incubators during the summer (May to August).
A look at the class profile will give you an idea of Babson MBA eligibility criteria:
One year MBA:
- Average GPA: 3.05
- Average GMAT Score: 579
- Average Work Experience: 7 Years
Two year MBA:
- Average GPA: 3.29
- Average GMAT Score: 601
- Average work experience: 5 years
Currently, Babson has gone GMAT/GRE optional for admissions 2022.
Have you taken the GMAT before?
Babson MBA application process
Babson requires you to apply online to their MBA program. The requirements to apply successfully are:
- Answer short questions in the application
- 1 Letter of Recommendation (professional and not academic)
- IELTS or TOEFL score (minimum IELTS score – 7, minimum TOEFL score – 100)
- Academic transcripts from all institutions, undergraduate and graduate
- Optional Essay
MBA Upcoming Application Deadline: January 19, 2022
If you are accepted at Babson you will need to get your academic transcripts evaluated by WES.
Babson College MBA interview
Babson conducts a holistic review of your application. Your application will be reviewed by the admissions committee and if shortlisted for the interview, you will receive an email to that effect. Your Skype or in-person interview may be taken by an alum or by an admissions committee member. At Babson MBA interview, you may be asked questions like:
– Tell us about you
– What are your strengths?
– How will Babson MBA help you achieve your future goals?
– What is your most challenging experience as a team member?
– Describe a situation where you have taken the leadership role
The purpose of the MBA interview is to assess your experiences, accomplishments, goals and fit for Babson MBA. Many of Jamboree students report the Babson interview to be intelligent and fast-paced so you should practice beforehand and be ready to support your answers with examples. Go thoroughly through the website and be confident about why you want to be accepted.
Have you taken the GMAT before?
Babson College MBA acceptance rate
Babson has an acceptance rate of nearly 80%. So students, if they meet all requirements, have a fairly good chance of getting accepted.
Babson College MBA fees
MBA fees at Babson College is:
One year program – $89,550
Two year program – $115,244
Above fees includes tuition, textbooks, food, accommodation, travel and other living expenses for the entire program.
Babson offers several merit-based scholarships and graduate assistantships to deserving students like Babson Scholarship ($5,000), Graduate Assistantship ($8,000), Hamilton MBA scholarship ($10,000), Olin MBA fellows (100% scholarship for outstanding full-time MBA candidates) many more.
Babson MBA is a good choice for students who have 3 years of work experience and decent academic scores. GMAT/GRE scores for 2022 are optional so this is a great time to apply. Due to relatively small class sizes, students report high satisfaction on learning, campus life, internship and job parameters.
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