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Not sure about analysis... I think for that you really gotta be a Wharton or UChicago person, but if you want general managment of finance they are tops at Fidelity Investments. President of Fidelity Brokerage Company, Elyan McColgan is a Babson grad.
Re: Babson College [#permalink]
25 Jun 2008, 12:38
This post received KUDOS
I did extensive research on schools in the north eastern region for part-time MBA program and Babson clearly stands out way better than many of the schools I evaluated included. I was locked between NYU, Tepper and Babson. So I ended up making a class visit to all the three schools ( and few others such as Fordham, BC and BU ). It was the class visit that helped me make my decision. During the class visit, I had chance to sit in an entire class, interact with the students and talk to faculty. Babson stood out so much ahead of others. Maturity level of students in the program are very high. I was taken back by how immature NYU students were .. they didn't know what did they want to accomplish from their MBA, their responses were so incoherent. I also found the classes very interactive in Babson and students were very involved. Number of students in the class at Babson ( I think it was something like 25 - 30 ) also impressed me over other schools - primarily again NYU and Tepper. In case of NYU I think there were easily over 80 people in the class and hardly any real interaction.
The class I participated at Babson was about 'corporate entrepreneurship' ( I may have the course name wrong ) - but it was about thinking as an entrepreneur in the corporate world as opposed to typical entrepreneurs we talk who start their own business. So to your point about Babson being only specialized in Entrepreneurship - my take, from the class participation, was Babson looks at entrepreneurship very differently from typical greenfield entrepreneurship.
My suggestion is to go and attend the classes, interact with the students to get a better feeling of whether you want to be part of that program or not. Fordham, BU and BC was easy to eliminate right away once I attended a info session - they had some of the current students talk with us and I really found those students very short sighted.
You have to keep in mind that in MBA you learn from your peers much more than from your teachers, so it is very important you are in the highly motivated and mature students crowd.
The BW ranking indicates that Babson students gave faculty (across streams) an A in teaching quality. For perspective, of the top tier schools in this ranking (30 in total), 12 received Bs and Cs from their students, including 7 of the Top 10 MBA programs. This indicates that it is not the teaching quality or resources alone that dictate the ranking for a school and certainly a lack of quality is not the reason for Babson's ranking.
In contrast to the above, Babson received a C in two areas: recruiter assessment of a candidate's analytical skills and career services.
There are some key reasons for this, in my opinion. The Babson MBA is a one of the smallest programs in the US with an annual graduation number of roughly around 150 - 165 candidates (including One Year MBA). It is also not selective to the extent of top 10 schools and average GMAT scores are almost 80-100 points below top schools. Key reasons (from my personal experience at Babson) are that students are more street-smart as compared to book-smart and largely come from business family or self-owned business backgrounds where business skills are emphasized more than academic skills.
Both these factors (size of program and type of student) contribute to companies in traditional MBA recruitment areas not making a large effort to recruit at Babson or to recruit in large numbers. A graduate is given help through career services (which is being actively ramped up as we speak), but is largely dependent on the (comparatively small) Babson network and a smaller pool of companies to land a position in the industry. Given Babson has one of the largest international classrooms in the US (41% international in the Class of 2012), and given the well-documented challenges for US work visas, a majority of international students (who choose to go into the industry) have struggled with placements due to this aspect as well.
2. Why Babson is #1 in entrepreneurship?
In my discussion with students around campus, the following key reasons emerged as contributing factors to the entrepreneurial culture at Babson.
a. Background of students that Babson MBA attracts
A majority of incoming MBA students come from family or self-owned business backgrounds from various countries. I don't have hard numbers on the overall class, but in my experience (I'm an Indian), from 9 Indian students in my two year MBA class, 6 have family or self-run business backgrounds. The numbers are similar or trending upwards if you consider second year students and one year MBA students.
I also have entrepreneurs from New Zealand, Chile, Mexico and the US amongst other countries represented in my class. This demographic, combined with the business focused strong undergrad program creates an environment where small business thought is fostered actively.
While major schools teach entrepreneurship as a concentration or a stream, Babson imbibes entrepreneurship into every aspect of the program. The first year of the MBA is divided into four Modules: Creative Management in Dynamic Organizations, Assessing Business Opportunities, Designing and Managing the Delivery System and Managing Business in a Changing Global Environment.
Each of these modules conditions you to creatively identify opportunities in an entrepreneurial or intrapreneurial manner and develop those ideas using well-defined frameworks.
Classes are taught using business cases that give you broad insights into the practices of small businesses and the second year electives (including Marketing for Entrepreneurs, Managing Growing Businesses, M&A for Entrepreneurs) offer an in depth view into small business issues and the viewpoint of small business owners. This goes beyond the current level of entrepreneurial teaching at peer schools, as things stand.
c. Environment at school
- School facilitated
The Arthur M. Blank center is the nerve center for entrepreneurship at Babson. It has recently setup the Babson Venture Accelerator Program that places new business ideas into different levels (depending on the maturity of idea and execution plans) and provides facilities including office space and mentoring. Different programs including Rocket Pitch competitions, Summer Venture Program, partnerships with Angel and Venture circles and limited funding also add to the facilities offered to kick start your business while in school.
Furthermore, under the leadership of President Schlesinger and Dean Tadepalli (who are very approachable, even on a personal level), the school is delivering on "Entrepreneurial Thought and Action". Few of the recent developments include leasing of campus space in downtown San Francisco.
- Student driven
As I mentioned, the peer group (grads and undergrads) comprises a high percentage of current or future entrepreneurs. You are constantly exchanging and collaborating over business ideas. Often, as in the case of Big Belly Solar (to name one example), there is a direct collaboration between the Grad school and Undergrad engineering program at the independent Olin Engineering school to develop prototypes and products. Babson places the most number of entries into the BW Top 25 entrepreneur lists. Some of the contemporary businesses that have caught the public attention include Gemvara, IdeaPaint, RetireLife, True Fit Corporation et al.
I hope this answers the question sufficiently. I will be happy to connect with anyone who has any queries.
I'd again like to stress that rankings are a single data point and one needs to really understand the ethos of a school to understand what it stands for.
Re: Babson College [#permalink]
04 Jan 2012, 02:04
Dear Prospective MBA Students,
On behalf of the F.W. Olin Graduate School of Business at Babson College, we would like to invite you to join us at our information session held in Hyderabad. Babson’s MBA program has been ranked as #1 in entrepreneurship for 18 consecutive years and has been ranked as # 39 by Business Week in its most recent rankings. Our faculty was given a top grade, A, in teaching quality by our graduates. This is a great opportunity to meet with the professors, local alumni and current students, and learn more about the MBA programs offered at Babson.
Event details: Date: 7th January, 2012 Time: 2:00 to 5:00 PM Venue: Taj Krishna, Road No.1, Banjara Hills, Hyderabad - 500 034 To register for this event, please email email@example.com or firstname.lastname@example.org We hope to see you there!
Babson_Revised.jpg [ 406.14 KiB | Viewed 5147 times ]
Re: Babson College [#permalink]
10 Jan 2013, 08:57
I want to craft a quick post for those of you who are considering obtaining your MBA at Babson.
For your background knowledge, here is a post with my profile: profile-evaluation-134646.html. I'd like to think that I am an applicant who would've been competitive at the Top 15 schools. Now, I'd like to take a minute to share the reasons why I chose Babson:
1. Support for aspiring entrepreneurs - as you likely know, Babson has been ranked number one in entrepreneurship by U.S. News for 19 consecutive years (as of 2012). Like many of you, my post-MBA goals are entrepreneurial. Naturally, there are tremendous on-campus resources devoted to helping students and alumni launch and scale companies (http://www.babson.edu/graduate/academic ... ities.aspx). However, there is an equally valuable component of a Babson MBA that is often overlooked: like-minded passion. Attending a school with a specialized mission creates a unique community. I have found that a vast majority of Babson students and professors have started a company or are in the midst of starting a company. That type of environment is invigorating; it creates a sense of urgency that motivates students, which accelerates the development of their ventures.
2. I want to stay in the Northeast U.S. long-term - I'm not stupid. It is definitely possible that I won't be able to pursue entrepreneurship as a career path (especially considering the needs of my growing family). I may take a more traditional path; however, I do not want to do consulting or i-banking. If I do need a corporate job, I want to stay right here in the Northeast U.S. As a Boston native, I can tell you that Babson has an exceptionally strong reputation with companies in New England (which is a great place to have a post-MBA career). In the ranking-centric world of MBA admissions, I think a lot of applicants lose sight of reality. Here's how I view the rankings impact on job openings: - Top 2: the world is your oyster - M7 + Tuck: elite consulting, i-banking, and international jobs available - Top 16 + LBS/INSEAD: top tier consulting, i-banking and international jobs available - Outside Top 16: mostly regional jobs
People may disagree with me on this, but I just don't think ranking matters very much outside of the Top 16 programs. If you really think that someone coming from Ohio State Fisher has a better chance at landing a job in Boston than a Babson grad simply because Fisher is a higher ranked program, then you're nuts. If you want a top tier consulting, i-banking or international job, you better go to a Top 16 school. Otherwise, attend a program with a strong network in your target post-MBA region.
3. Return on investment - Google "Do entrepreneurs need an MBA?" and you'll see a slew of articles citing the limitations of student loans and two years of opportunity costs. Well, I have found that Babson has an extremely generous financial aid office that offers many many merit and need-based scholarships: http://www.babson.edu/graduate/tuition- ... tails.aspx. Additionally, we offer an accelerated one-year program that substantially reduces the opportunity cost of an MBA: http://www.babson.edu/graduate/admissio ... ogram.aspx. Graduating an entire year earlier than some of my peers in conjunction with the generous scholarship package I received is going to provide me with a lot of early career flexibility.