 Program length
How many months does the full-time MBA program
last? 21
Program costs
Please estimate the total direct costs
(tuition and required fees) of the entire MBA program.
Resident Tuition: $65,825.00
Nonresident Tuition: $65,825.00
Expected monthly rent (based on local
averages): $1,000.00
Recommended annual budget
(Resident): $52,638.00
Recommended annual budget
(Nonresident): $52,638.00
GMATAre applicants required to take the GMAT as
part of applying to your program? Yes
If not, how are applicants' quantitative
abilities checked before enrollment?
NA
GMAT score of newest entering class:
Mean GMAT score: 630
Median GMAT score: 620
Middle 80% range GMAT score
From: 560 to: 710
TOEFL
Are applicants whose native language is not
English required to take the TOEFL as part of applying to your
program? Yes
Minimum TOEFL score required for MBAs: 600
Mean TOEFL score of new entrants:
NA
Work experience
Postgraduate work experience (months) of
newest entering class:
Mean months of postgraduate work experience:
67
Median months of postgraduate work experience:
60
Middle 80% range postgraduate work experience
From: 24 to: 108
Percentage of new entrants with one year or
less of postgraduate work experience: 1
Age of new entrants
Mean age (rounded to nearest year): 29
Median age: 28
Middle 80% range age (years)
From 25 to 34
Application fee
Resident: $100.00
Nonresident Tuition: $100.00
Number of applications
Number of applications (admitted and denied)
to the newest class of full-time MBA entrants: 587
Selectivity
Percent of all applicants accepted to the
class of newest full-time entrants: 59
Yield
Percent of the admitted applicants to the
class of newest full-time entrants who enrolled: 48
Re-applicants
Percent of applicants that were re-applicants
from prior years: NA
What percentage of this year's re-applicants
were accepted? NA
Wait-listed applicants
Number of applicants placed on the B-school's
wait list during the last admissions cycle: 137
How many of those wait-listed applicants were
ultimately admitted for in the semester to which they applied?
46
Applicant interviews
Interviews are:
By invitation only
Percentage of all applicants (admitted and
denied) to the class of newest full-time entrants who were
interviewed: NA
Percent of the admitted applicants to the
newest full-time class who were interviewed: 100
MBA Essays
Suggested length is two double-spaced pages per essay.
(1) Please describe in detail your short- (immediately after
graduation from Babson) and long-term career plans—in which
industry would you like to work, which function or role would
you ideally hold, and how do you intend to secure that position?
If your plans entail a career transition, what challenges do you
anticipate facing in securing your ideal position, and how will
you address those challenges? Your answer should show how your
past professional experiences, background, and interests
combined with a Babson graduate degree will position you for
success in attaining these goals.
(2) Babson defines entrepreneurship as “thinking or acting in a
manner that is opportunity obsessed, holistic in approach, and
leadership balanced.” Please describe how, in your own
experiences, you have met some or all of that definition.
(3) What unique contributions will you bring to the Babson
community that will enhance the value of the classroom
experience for your classmates?
(Optional) Frederic C. Hamilton Entrepreneurial Scholarship (a
merit-based award) and Price-Babson Fellowship (a need-based
award) Essay. Write a 250-word essay that answers the following
questions: What are your specific entrepreneurial
accomplishments, and how will these accomplishments add value to
the Babson MBA program?
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