Babson College – F.W. Olin Graduate School of Business

FAQ

What is the tuition for Babson Olin’s MBA program?

The tuition for Babson Olin’s Two-year MBA program is $71,564 for the first year and $43,680 for the second year.

What is the average GMAT score for admission to Babson Olin’s MBA program?

The average GMAT score for the incoming class at Babson Olin is 640.

Does the Babson Olin MBA program accept the GRE?

Yes. The Babson Olin MBA program has accepted the GRE for a while now.

What is the minimum number of years of work experience required for admission to Babson Olin’s MBA program?

Babson Olin does not state a minimum requirement for years of work experience. However, they do require a professional (non-academic) recommendation, which implies that they do expect candidates to have work experience.

What is the average starting salary for graduates of the Babson Olin MBA program?

The average starting salary for Babson Olin MBA graduates in the U.S. is $102,141.

How long is Babson Olin’s full-time MBA program?

Babson Olin offers a traditional 2 year MBA program. They also offer a one year option for candidates with a business background.

What are the application deadlines for Babson Olin’s MBA program?

The deadlines for Babson Olin’s Two-year MBA program are October 26, 2022; January 19, 2023; March 14, 2023 and April 20, 2023. Admissions then become rolling until the class is full.

What percent of Babson Olin’s MBA students are women?

Thirty-seven percent of the class at Babson Olin are women.

VIDEOS

Admissions

The Class Profile

Over 100 students comprise the Two-Year MBA Class of 2023 at Babson Olin. They have an average GMAT of 640 and an average GPA of 3.22. The class is comprised of 37% women and 81% international students. Fifty-six percent of domestic students identify as students of color. The group matriculated with an average of 6 years of work experience.

Application Procedures

Applicants should provide an online application, essays, a current résumé, one letter of recommendation, official transcripts, and a $100 application fee. Due to the COVID-19 pandemic, GMAT/GRE test scores will be waived for all full-time graduate applicants with a 2022 program entry. Interviews are also part of the application process and they are given by invitation only. International applicants may also need to submit TOEFL or IELTS scores, certified English translations of transcripts, and a description of institutions attended. Babson Olin typically has four rounds of deadlines, after which admissions become rolling.

Application Checklist
Online Application
Short answer questions
Résumé
Recommendation
Official Transcripts
$100 application Fee
GMAT or GRE Scores (optional)
TOEFL/IELTS Scores

Interview Reports

Babson Olin MBA Interview Questions & Report: Round 2 / Adcom / Online

With Adcom member (Alia Macadam) / Resume based / Time- 30-25 mins. She introduced herself in brief. I guess she had a list of questions, but at the same time she asked follow-up questions. Questions: 1) Tell me about yourself. 2) What is your greatest achievements? 3) What is your leadership style? 4) Tell me […]

Babson Olin MBA Interview Report: Round 3 / Second-year Student / Skype

The following Babson Olin MBA interview report was submitted to Clear Admit by a Round 3 applicant. Good luck to them! I interviewed with a current student. It was approximately a 40-minute interview with all standard questions. No curveballs. It was a blind-interview as he had only seen my résumé (said to use examples from application if desired) […]

Babson-olin Q&As

Babson Olin Appoints Keith Rollag as New Dean

Earlier this month, the Babson College F.W. Olin Graduate School of Business named its new dean: Keith Rollag. A management professor with more than 17 years of experience teaching entrepreneurial leadership at Babson, Rollag was chosen for his campus leadership and vision for the graduate school’s future.

Babson / Olin LiveWire and DecisionWire

Academics

Faculty

Eighty-seven percent of Babson College’s full-time faculty holds a doctoral (or equivalent terminal) degree. The faculty is comprised of executives and business leaders, who draw from their real-world experience to enhance classroom learning across 10 academic divisions. They are also actively engaged in research and have recently published works in the Journal of Business Venturing and Small Business Economics.

Curriculum

Babson faculty employ a combination of lectures, case studies and hands-on projects to teach the curriculum. Olin boasts integrating Entrepreneurial Thought and Action and Social, Environment, Economic Responsibility and Sustainability (SEERS) principles into their courses, so students understand the economic and social impact of their business decisions.

The two-year MBA curriculum at Babson Olin is broken down into four semesters. Students need 45 credits to graduate, 15 of which are core requirements. The core courses are completed in the first fall and spring semesters while the second year is wholly open to electives. The fall semesters run from August to December and the spring semesters run January through May. Babson MBA students use the summer for an internship, electives, traveling or other learning experiences. Babson MBA students also participate in Signature Learning Experiences (SLEs) that encourage the use of classroom knowledge in real-world business scenarios.

Experiential learning is another important component of the Babson MBA curriculum that gives students real-world insight into business practices and preparation for future careers. Consulting projects in particular are emphasized. MBA students may take part in the Babson Consulting Experience, which pairs student teams of 4-6 with partner organizations for a 7- to 14-week consulting project. 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. Additionally, 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.

MBA Degree Options

The One-Year and Two-Year MBA degree options are considered full-time, running 12 months and 21 months, respectively. For those interested in earning an MBA part-time, Babson offers several formats, including online evening, blended evening and in-person evening options. The part-time MBA can be completed in 18 months to three years. Students can mix and match online classes, weekend intensives, electives abroad, and semester-long courses.

Concentrations at Babson

• Business Analytics
• Business Analytics and Machine Learning
• Entrepreneurship
• Finance
• Global Management
• Marketing
• Quantitative Finance

MBA Degree Options

One-Year MBA Program
http://www.babson.edu/academics/graduate-school/mba/full-time-mba/

Two-Year MBA Program
http://www.babson.edu/academics/graduate-school/mba/full-time-mba/

Part-time MBA Program
http://www.babson.edu/academics/graduate-school/mba/part-time-mba/

Campus Life

Clubs & Conferences

Olin has over 30 graduate student clubs and organizations, which cover everything from cultural affinity groups, such as the Babson Black Graduate Club, to professionally oriented clubs like the Babson Consulting and Babson Finance Clubs. Students can also explore their more personal hobbies or passions through groups focused on sports. There is also a Partners Program designed to help MBA students’ significant others get involved in the Babson community.

In addition, the school hosts conferences that may interest graduate business students. The Babson College Entrepreneurship Research Conference, which has been ongoing since 1981, brings over 350 scholars who specialize in entrepreneurship to the school. In March 2021, Babson combined three of its student-hosted forums – the Entrepreneurship Forum, Babson Latin American Forum, and Babson India Symposium – into the Global Entrepreneurship Leadership Forum @ Babson. Attendees take part in interactive sessions with industry leaders regarding entrepreneurial challenges in myriad global contexts. Meanwhile, the Sustainability Club hosts a Sustainability Forum, inviting representatives from different functions (e.g. marketing, investors) to discuss sustainability in a range of sectors.

Campus Spaces

The main campus of Babson College is situated approximately 14 miles from the city of Boston in Wellesley, Massachusetts. The school also maintains centers in Boston, San Francisco, Miami, and Dubai. Babson’s main campus can be found in proximity to Exits 14 and 15 on the Massachusetts Turnpike and then Route 16 towards Newton/Wellesley.

Olin is located on the northern edge of Babson’s campus. Students of the graduate school complete most of their classes in Olin Hall, a building that includes event spaces, a café, and classrooms. MBA students may also take advantage of Babson’s centers and research institutes, fitness center, cafeteria, and student center as well as the Horn Library, which features research support and computer services for the Babson community.

MBA Careers

Career Services

The Babson Graduate Center for Career Development (CCD) provides career support for all MBA students. Students can use career assessment tools as well as work with coaches on mock interviews, elevator pitches, and negotiation techniques. Furthermore, MBA students can hear alumni speakers at Babson Connect and gain access to networking opportunities via Babson board members and alumni.

Career Statistics

Eighty-seven percent of graduates seeking employment accepted a position within 3 months of graduation. The average base salary in the U.S. was $102,141 with signing bonuses averaging $37,083.

For the full-time MBA Classes of 2021, which includes MBA students in the One- or Two-Year program, 20% of graduates went into the technology industry. The same percentage joined financial services. Consumer products/retail followed at 16% and consulting at 11%. Nine percent of graduates entered manufacturing, while another 7% entered the healthcare/life sciences sector.

Financing

Tuition

For the 2021-2022 academic year, tuition for the 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 $43,680 for the second year, with a total estimated tuition cost of $115,244. The school also notes students can expect additional costs of about $14,202 for housing, $6,312 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.

Financial Aid

Full-time MBA merit awards are available for applicants. The Olin MBA Fellows, Babson MBA Fellows, Babson MBA Diversity Fellows, and Price Babson MBA Fellows receive full tuition. President’s MBA Scholars and Dean’s Scholars receive partial tuition. Nine other fellowships and scholarships are also available. These may be tailored to candidates such as women leaders, entrepreneurs, and veterans.

Need-based scholarships are available for both incoming and returning MBA students. They may support Wellesley residents, Canadian citizens, students who have worked for a nonprofit, and those who have experienced financial need.

Estimated Cost of Attendance (Two-Year MBA)

Tuition

• First year $71,564
• Second year $43,680

Housing (avg. each year) $14,202

Food (avg. each year) $6,312

Books and Supplies (avg.) $2,200

Personal (avg. each year) $2,812

Health Insurance (each year) $2,347

Federal Direct Loan Fees (avg. each year) $218

Total Estimate $169,266 (two years)

Additional Expenses
Semester Abroad $7,800−$12,800
Elective Abroad $3,300−$6,000

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