Babson College – F.W. Olin Graduate School of Business
The F.W. Olin Graduate School of Business at Babson College, located in Wellesley, Massachusetts, offers One-Year and Two-Year full-time MBA options along with part-time Online, Flex, and Blended Learning MBA options. The curriculum emphasizes entrepreneurship, experiential learning, and leadership. This compliments Babson’s underlying educational methodology of “Entrepreneurial Thought & Action®,” which teaches students to act, learn, and build.
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 (2024-2025) and $41,790 for the second year (2025-2026).
What is the average GMAT score for admission to Babson Olin’s MBA program?
Babson Olin maintains a test-optional policy and does not report the average GMAT score for the incoming class. Historically, classes have averaged a score of 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 $117,627.
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 21, 2024; January 13, 2025; March 27, 2025, May 7, 2025 and June 1, 2025. 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.
Admissions
The Class Profile
Over 100 students comprise the Two-Year MBA Class at Babson Olin. The class is comprised of 33% women and 85% international students. Thirty-eight percent of domestic students identify as students of color. The group matriculated with an average of 6 years of work experience.
Application Procedures
Full-time MBA applicants will need to complete and submit an online application, short answers, a résumé, one letter of professional recommendation, official transcripts, and a $100 application fee. Babson is test-optional for graduate applicants with a 2025 program entry, so applicants are not required to submit GMAT or GRE scores. There is also an optional essay for applicants to provide additional pertinent information to the admissions committee. Interviews are part of the application process and they are given by invitation only. International applicants may also need to submit TOEFL/IELTS/PTE/Duolingo English Test scores and certified English translations of official transcripts from previous programs. Babson has four and five rounds of deadlines for the one-year full-time MBA and the two-year full-time MBA, respectively, 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/PTE/Duolingo Scores (if applicable)
Essay Topic Analysis
Recommendation Questions
Babson / Olin Q&A's
Babson / Olin LiveWire and DecisionWire
Academics
Faculty
Eighty-five percent of Babson College’s full-time faculty have doctorate degrees. Babson College faculty are educators as well as executives and business leaders who draw from their real-world experience to enhance classroom learning. They are also actively engaged in research and have recently published works in the Journal of Finance and Management Science.
Curriculum
Babson faculty employ a combination of traditional academics and hands-on projects to teach the curriculum. Olin boasts integrating Entrepreneurial Thought & Action® principles into their courses, so students can become entrepreneurial leaders able to address the greatest challenges in business and society.
The two-year full-time MBA curriculum at Babson Olin is broken down into four semesters, while the one-year full-time MBA is completed over two and a half semesters. Regardless of which option is chosen, students need 45 credits to graduate, 15 of which are nine core courses. Two-year full-time MBA students begin the program in late August, while one-year full-time MBA students begin in May. The core courses are completed in the first fall and spring semesters while the second year is wholly open to electives. The fall semester runs from August to December and the spring semester runs from January through May. Two-year full-time Babson MBA students use the summer for an internship, classes, and participating in Babson’s startup accelerators, while one-year full-time MBA students take a full course load.
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, with the Babson Consulting Experience being one of the nine core courses. Besides this course, MBA students can participate in the Management Consulting Field Experience, an elective course. These consulting projects pair student teams of 4-6 with partner organizations for a 7- or 14-week real-world consulting project.
MBA students may also pursue concentrations or intensity tracks to complement their degree. Concentrations require 9 or 12 credits and are reflected on a student’s transcript. Students can declare up to two concentrations. The current seven concentrations include business analytics, business analytics and machine learning, entrepreneurship, finance, quantitative finance, international business, and marketing. Meanwhile, the intensity tracks, usually a series of courses, provide additional opportunities for experiential learning. These tracks include the Babson College Fund, business and social innovation, entrepreneurship, family business; science, technology and the enterprise (STE); and Women Innovating Now (WIN) Lab®.
MBA Degree Options
The One-Year and Two-Year MBA degree options are full-time. Babson also offers a part-time Flex MBA, a part-time Online MBA, and a part-time Blended Learning MBA. The Flex MBA is a combination of in-person learning and online studies. Flex MBA students are expected to attend classes on campus, at least three of the seven nights for the core courses. Meanwhile, the Online MBA is completely online and synchronous, and courses are in the evenings. Flex and Online MBA candidates have a choice of three start times for the Flex MBA degree—September, January, or May. For the Flex and Online MBAs, nine core courses account for 18 credits of the degree and 27 credits come from electives with the option to pursue a concentration. Both programs are self-paced, but most students complete the program within an average of three to four years. The part-time Blended Learning MBA is a 21-month program combining real-time online classes, virtual collaboration, and in-person sessions at Babson’s Miami campus three times a semester.
Concentrations at Babson
- Business Analytics
- Business Analytics and Machine Learning (STEM-designated)
- Entrepreneurship
- Finance
- International Business
- Marketing
- Quantitative Finance (STEM-designated)
MBA Degree Options
One-Year MBA Program
https://www.babson.edu/graduate/academics/full-time-business-programs/mba/
Two-Year MBA Program
https://www.babson.edu/graduate/academics/full-time-business-programs/mba/
Part-Time Flex MBA Program
https://www.babson.edu/graduate/academics/part-time-business-programs/mba/
Part-Time Online MBA Program
https://www.babson.edu/graduate/academics/part-time-business-programs/part-time-online-mba/
Blended Learning MBA in Miami (part-time)
https://www.babson.edu/graduate/academics/part-time-business-programs/blended-learning-mba-miami/
Campus Life
Clubs & Conferences
Babson has over 25 graduate student-run clubs, which cover everything from cultural affinity groups, such as the Babson India Graduate Club, to professional development, such as the Babson Consulting Club and the Babson Graduate Finance Club. Students can also join sports clubs to play and socialize. There is also a Babson Partners’ Club designed to help support MBA students’ partners, companions, and families.
In addition, the school hosts conferences that may interest MBA students. The Babson College Entrepreneurship Research Program & Conference (BCERC), which has been ongoing since 1981, brings over 350 scholars who specialize in entrepreneurship to the school each year. Babson combined three of its major annual student-hosted forums – the Babson Entrepreneurship Forum, the Babson Latin America Conference, and the Babson India Symposium – into the Global Entrepreneurship Leadership (GEL) Forum, which was first held in March 2021. The event hosts keynote addresses, interactive sessions, and panel discussions, with input from celebrated entrepreneurs and business leaders. Meanwhile, the Babson Sustainability and Energy Club hosts an annual conference that includes speaker sessions, expert panel discussions, and networking. The 2024 conference focused on green financing and ESG investing.
Campus Spaces
The main campus of Babson College is in Wellesley, Massachusetts, situated 14 miles west of Boston. The school also maintains centers in Boston and Miami. If driving, Babson’s main campus can be found after accessing and following the signs on Route 95/128 and then going on Route 16 towards Newton/Wellesley.
Olin is located on the northern edge of Babson’s campus. Olin Hall houses Babson’s graduate programs and students, and includes event spaces, the Winn Auditorium, classrooms, and dining options such as Olin Café. There’s also the Donald W. Reynolds Campus Center, which has dining options, the Sorenson Center for the Arts, mail and printing services, and more. MBA students may also take advantage of Babson’s centers and research institutes, fitness centers, and on- and off-campus graduate health and wellness services, as well as the Horn Library, which features research support and various services for the Babson community.
MBA Careers
Career Services
Babson College’s Graduate Center for Career Development (CCD) provides career support for all MBA students. Students can access one-on-one career advising with experienced CCD relationship managers to pursue their goals. The CCD also provides resume and cover letter reviews and interview prep. Furthermore, MBA students can network with alumni at Babson Connect events around the world.
Career Statistics
Seventy-six percent of graduates seeking employment accepted a position within 3 months of graduation. The average base salary in the U.S. was $117,627 with signing bonuses averaging $35,108.
For the full-time MBA Classes of 2023, which includes MBA students in the One- or Two-Year program, 18% of graduates went into the technology industry. Seventeen percent pursued roles in manufacturing, followed by 16% going into financial services. Consulting took in 12% of graduates and eight percent each joined CPG/retail or life sciences/healthcare fields.
Financing
Tuition
The tuition for Babson Olin’s Two-year full-time MBA program is $71,564 for the first year (2024-2025) and $41,790 for the second year (2025-2026), assuming that the student is doing the standard progression of the program. Students are also required to have health insurance. The school also notes students can expect additional estimated costs of about $15,574 for off-campus housing, $7,426 for food, along with other school and living expenses each academic year. Furthermore, an elective abroad without including tuition typically costs between $3,300 to $6,000, while a semester abroad not including tuition ranges from $7,800 to $12,800.
Financial Aid
Full-time Program Merit Awards are available for applicants. There are no separate applications; all applicants need to do is reply yes to the application question about being considered for merit-based scholarships. Olin MBA Fellows and Babson Diversity Leadership Fellows receive full tuition. Price Babson MBA Fellows, President’s MBA Scholars and other scholarship recipients receive partial tuition. Fellowships and scholarships tailored to candidates such as women leaders, entrepreneurs, and LGBT+ community members are also available
Need-based scholarships are available for both incoming and returning MBA students. These include scholarships for Wellesley and Needham residents, Canadian citizens, U.S. veterans, students who have worked for a nonprofit, and those who have experienced financial need.
Estimated Cost of Attendance (Two-Year Full-Time MBA)
Tuition:
- First year $71,564
- Second year $41,790
Off-Campus Housing (avg. each academic year) $15,574
Food (avg. each academic year) $7,426
Books and Supplies (avg. each academic year) $80 per credit
Personal (avg. each academic year) $2,982
Transportation (avg. each academic year) $2,308
Health Insurance (each academic year) $2,722
Federal Direct Loan Fees (avg. each year) $218
Total Estimate $175,814
Additional Expenses (excluding tuition)
Semester Abroad $3,300-$6,000
Elective Abroad $7,800-$12,800
Recent News
Contact
Mailing Address:
231 Forest Street
Babson Park, Massachusetts 02457-0310
Phone: 781-239-4317
E-mail: [email protected]
Twitter: @BabsonGraduate, @BabsonAdmission