Babson College (Olin) - MBA without work experience; No.1 MBA in Entrepreneurship for over 20 years

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MBAUniverse.com News Desk |
July 30, 2015
Babson College (Olin) is the business school which beats schools such as Stanford, Harvard and MIT for its entrepreneurship specialization
Babson graduates are present in all enterprises ranging from Fortune 500 companies to start ups

Babson College (Olin) is the business school which beats schools such as Stanford, Harvard and MIT for its entrepreneurship specialization. Established in 1919, Babson is located in Wellesley, Massachusetts. Over two decades, Babson has been ranked No.1 for Entrepreneurship by US News.

The F.W. Olin Graduate School of Business at Babson College which infuses heavy entrepreneurship in its MBA program is amongst top 100 schools in the world by Financial Times.  Apart from Entrepreneurship, the school is highly recognized for Finance and Marketing. MBA graduates from Babson are known to create economic and social value everywhere exercising immense leadership skills. The highly regarded global network of Babson is made up of 38000 alumni in 114 countries.

Babson offers various types of MBA programmes ranging from One-Year MBA program, Two Year MBA Program, Part Time Evening MBA Program, Part Time Blended Learning MBA Program and a number of MS and Certificate Programs.

The Babson Two Year MBA

1. Full time program of 21 months.
2. Provides strong foundation of business knowledge and opportunities to develop problem solving skills, critical thinking skills all rooted in an entrepreneurial mindset.
3. Combination of class work and real business training
4. Real world experience through student consulting programs.
5. Direct access to CEOs and the real who’s who of the companies
6. Unique concentration tracks on offer by Babson include Business Analytics, Finance, Life Sciences & Healthcare, Finance, Global Management, Marketing and Entrepreneurship.
7. Mandatory Study Abroad module and Exchange programmes

MBA class Profile
Class Size:            143
International:          66%
Avg GMAT:             630
Avg GPA:               3.13
Avg Work Exp:       5 years

Eligibility and Admission Requirements

1. MBA applicants to the Babson MBA must have completed bachelor’s degree. Three years bachelor’s degree holders must provide a transcript evaluation by an international evaluation service provider.*
2. The average work experience of a Babson applicant is 5 years. Although a minimum of 2 years work experience is recommended, candidates without work experience having excellent academic records and leadership potential are also considered.  Additionally candidates without work experience can apply for the MSM Program.
3. Applicants must have a valid GMAT/GRE score prior admission. International applicants must submit TOEFL/IELTS scores with the online application.

* Transcripts of international students having a three years bachelors degree must be evaluated by a third party evaluation service provider to authorize the degree

Admission Rounds to be announced soon
Admission Rounds for the class to be starting in Aug 2016 are to yet to be announced.  First round admission deadline is generally during the month of November.

Fees and Scholarships
Total estimated expenses for one year is $89, 401 which includes a tuition fee of $63, 070 and expenses for housing, books and supplies, health insurance etc.

Babson offers a large number of scholarships to admitted students ranging from full tuition fees to partial amounts. In addition, Graduate Assistantship opportunities are also available.

Careers
Payscale.com ranked Babson as No.5 among all US colleges and universities ahead of the likes of Stanford, Harvard, Dartmouth, Columbia and Yale in its 2013-2014 salary report. The ranking represents the average mid-career salary of $123,000 and average starting salary of $59,700. Babson graduates are present in all enterprises ranging from Fortune 500 companies to start ups. In 2014, 20% graduates were hired in the Technology industry, 19% by Consumer Products and Retail and 18% in the Financial Sector among other functions such as Healthcare, Marketing etc. Companies where Babson grads work include Amazon, Walmart, and Boston Scientific among many others.

USPs

1. Babson MBA has been ranked 1 in entrepreneurship for 21 consecutive years by US News
2. Ranked 11 among US business school based on ROI by Bloomberg Businessweek
3. Ranked 5 among colleges with “highest- paid grads” – higher than MIT, Stanford and other Ivy Leagues by CNN
4. Strong alumni network and quality career development service
5. Numerous scholarship options available
6. More than 115 student clubs and organizations
7. Babson’s strategic location is home to more than 50 colleges and universities offering innumerous networking opportunities with area schools such as Harvard, MIT, Boston University and Boston College among others.

To know more about how to apply, evaluation criteria and transcript evaluation post your queries at the Forum for MBA Abroad.

Stay tuned to MBAUniverse.com for more updates on Babson college