cheetarah1980
Just because 59% of applicants were admitted doesn't mean selectivity is diminished.
Not to be nitpicky, but an increase of 13 percentage points to 59% admit rate does by definition mean selectivity is diminished.
The "criteria" point you make reflects on the calibur of applicants, not the selectivity of the school. Selectivity is simply the ratio of admits to apps. A school can have a massive influx of 800 GMAT apps one year, but if it dings a lower percentage of apps than it did the year before, it has reduced its selectivity. At 59% admitted, Babson has now become the second least selective school on that list.
I should also say that I'm not slagging on Babson out of malice. I grew up close to Wellesley and actually worked several summers at Babson College Bookstore during high school. So I know the school fairly well and have quite a soft spot for it. I'm just surprised to see it as such an outlier in these numbers, and I'm curious as to why.