F.W. Olin Graduate School of Business – Babson College - Full-Time MBA

Babson College Full-Time MBA Program Structure

The 21-month Babson full-time MBA—also known as the Two Year MBA—at the F.W. Olin Graduate School of Business is a flexible program that takes into account students’ individual goals. There is one full-time MBA intake per year, and students enter in August.

Curriculum

There are several ways to obtain an MBA at Babson College: a One-Year, Two-Year or Blended Learning program. The unified core curriculum for all of the school’s MBA degrees covers topics such as entrepreneurship, financial accounting, and strategy.

The Babson MBA students participate in Signature Learning Experiences (SLEs) that encourage the use of classroom knowledge in real-world business scenarios. For instance, One-Year MBA students have been invited to debate the importance of social responsibility in managerial decisions, whereas Two-Year MBA students learn about market analytics and forecasting.

Classroom electives in subjects such as economics, finance, and marketing are also available for MBA students in each of the programs. In addition, outside electives, including study abroad, independent study, or work with outside organizations are also available.

Experiential learning is another important component of the Babson College MBA curriculum that gives students real-world insight into business practices and preparation for future careers. Consulting projects in particular are emphasized. First-year MBA students may take part in the Babson Consulting Alliance Program, which pairs student teams with partner organizations for a 14-week consulting project. Next, the Management Consulting Field Experience is an elective course open to any MBA student that allows student teams to partner with outside organizations for real-world consulting experiences. Furthermore, the Global Connections Through Technology course, offered to all MBA programs, allows students to partner with a startup or small company to help them optimize their use of technology. Lastly, the Management Consulting Field Experience elective course lets MBA students manage teams of undergraduates in a consulting project. Partner organizations for these experiential learning projects have included AT&T, Liberty Mutual, and Staples.

MBA students may also pursue concentrations to complement their degree. Concentrations require 9 to 12 credits and are noted on a student’s official transcript. Current concentrations include business analytics, business analytics & machine learning, entrepreneurship, finance, quantitative finance, global management, and marketing.

Full-Time MBA Rankings

• U.S. News & World Report: 72
• Bloomberg: 56
• Financial Times: 46

Class Profile

Over 100 students comprise the Two-Year MBA Class of 2022 at Babson Olin. They have an average GMAT of 601 and an average GPA of 3.29. The class is comprised of 32% women and 81% international students.

Career Statistics

Eighty-one percent of graduates seeking employment secured it within 3 months of graduation for the Babson Full-Time MBA. The average base salary was $94,103 with signing bonuses averaging $28,333.

For the full-time MBA Classes of 2020, which includes MBA students in the One- or Two-Year program, 21% of graduates went into the technology industry. Financial services and consumer products/retail each claimed 17%. Eleven percent of graduates entered manufacturing, while another 8% each entered the healthcare/life sciences or consulting industry.

Tuition, Scholarships, and Financial Aid

2020-2021 tuition for the Babson Olin One-Year MBA is $89,550, with an estimated total program cost of $119,838 though that does not include studying abroad. The Two-Year MBA’s tuition is $71,564 for the first year and $43,008 for the second year, with a total estimated tuition cost of $114, 572. The school also notes students can expect additional costs of about $13,788 for housing, $6,126 for food and other school and living expenses each year. Furthermore, an elective abroad may cost $3,300 to $6,000, while a semester abroad ranges from $7,800 to $12,800.

Babson does not operate a specific loan program, so the school encourages U.S. applicants to apply for federal loans by filling out the Free Application for Federal Student Aid (FAFSA).

Babson offers merit and donor scholarships, assistantships and fellowships to both domestic and international applicants to the full-time program, and these scholarships are awarded to candidates at the time of admission. A variety of endowed fellowships and scholarships are also linked to the school. Students should check with the admissions office or program directors in order to determine their eligibility and availability.

Admissions

The Babson full-time MBA program requires that students have completed a bachelor’s degree or equivalent. In addition to an online form, applicants should submit their official academic transcripts, a $100 application fee, two letters of recommendation, a current résumé, GMAT or GRE scores, two essays and, in the case of international candidates whose native language is not English, TOEFL iBT, or IELTS test scores. Interviews are conducted by invitation only.

There is no minimum standard GMAT or GRE score needed to apply.

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