2015
BABSON EMPLOYMENT REPORT MBA AND SPECIALIZED MASTERS
THE DEMAND IS CLEAR
98
%
OF EMPLOYERS SURVEYED BELIEVE THAT TODAY’S BUSINESS SCHOOL GRADUATES:
» MUST HAVE EXCEPTIONAL INTERPERSONAL »
CAPABILITIES, INCLUDING ORAL COMMUNICATION, LISTENING, WRITTEN COMMUNICATION, AND PRESENTATION SKILLS NEED TO BE ABLE TO USE DATA IN ORDER TO DRIVE DECISIONS
– GRADUATE MANAGEMENT ADMISSION COUNCIL YEAR-END POLL OF EMPLOYERS, 2014
BABSON IS BRIDGING THE GAP We deliver a curriculum rooted in business fundamentals, action, and experimentation to prepare our graduates to make an impact in organizations of all types and sizes. Our faculty teach, shape, and encourage team thinking and acting, incorporating real business challenges that mimic what our graduates will face in the global marketplace. With courses such as Data, Models, and Decisions and Big Data and Business Analytics as part of the core curriculum, Babson students learn how to use data analytics to tell a story that addresses business challenges and improves strategic decision making.
“Babson has a unique model whereby our relationship managers provide both career advising and company outreach in assigned industry specialties. This translates to in-depth industry expertise and unique company insight. This allows us to connect students with organizations where they will succeed and make an impact.” – Cheri Paulson, Senior Director Graduate Center for Career Development and Strategic Partnerships, Babson College
WWW.BABSON.EDU/GRADUATE
2015 GRADUATE PO FULL-TIME MBA POPULATION
AVERAGE YEARS OF WORK EXPERIENCE: AVERAGE AGE:
28
36% MINORITIES: 7% INTERNATIONAL: 64%
Students enrolled in our One-Year and Two-Year programs desire
4.8
WOMEN:
a full-time MBA experience. These students are either redirecting their careers or looking for an accelerated learning environment.
NUMBER OF COUNTRIES REPRESENTED:
33
This representative sample of the full-time population consists of 228 students in the One-Year and Two-Year programs who graduated at the end of the 2015 academic year.
MASTER OF SCIENCE IN MANAGEMENT IN ENTREPRENEURIAL LEADERSHIP (MSEL)
AVERAGE YEARS OF WORK EXPERIENCE: Less than AVERAGE AGE:
23
39% MINORITIES: 4% INTERNATIONAL: 65%
1
WOMEN:
NUMBER OF COUNTRIES REPRESENTED:
The students in this nine-month program—
14
This representative sample of the MSEL population consists of 46 students who graduated at the end of the 2015 academic year.
thanks to strategic consulting projects, teaching experiences, and venture creation—graduate ready to make an impact in any business environment.
NO.
1
GLOBAL MBA PROGRAM FOR ENTREPRENEURSHIP – Financial Times, 2015
NO.
4
NO.
1
IN ENTREPRENEURSHIP FOR 22 CONSECUTIVE YEARS
– U.S. News & World Report, 1994–2015
HIGHEST EARNING ALUMNI
AMONG NEW ENGLAND GRADUATE BUSINESS SCHOOLS – PayScale College Salary Report, 2014–2015
PULATION OVERVIEW PART-TIME MBA POPULATION Students in our part-time Evening and Blended Learning MBA programs are working professionals who earn a degree while meeting their professional and personal demands.
AVERAGE YEARS OF WORK EXPERIENCE: AVERAGE AGE:
32
35% MINORITIES: 20% INTERNATIONAL: 8%
8.6
WOMEN:
NUMBER OF COUNTRIES REPRESENTED:
30
This representative sample of the working professional population consists of 556 students in the Evening and Blended Learning programs enrolled in the fall of 2015.
MASTER OF SCIENCE IN ACCOUNTING (MSA)
AVERAGE YEARS OF WORK EXPERIENCE: Less than AVERAGE AGE:
23
knowledge and entrepreneurial mindset necessary to
52% MINORITIES: 33% INTERNATIONAL: 22%
succeed in the dynamic and global field of public accounting.
NUMBER OF COUNTRIES REPRESENTED:
The students in our MSA program gain both the technical
1
WOMEN:
4
This representative sample of the MSA population consists of 23 students who graduated at the end of the 2015 academic year.
“THE TALENT WE FIND AT BABSON IS VERY UNIQUE. WE TURN TO BABSON FOR INVENTIVE THINKERS WITH A ZEST FOR SOCIAL RESPONSIBILITY AND THAT RARE ABILITY TO LEAD AND INSPIRE OTHERS WITH BOTH A PASSION AND A SENSE OF HUMILITY. IT’S SOMETHING YOU JUST DON’T ENCOUNTER AT MANY MBA PROGRAMS.” – Evan O’Meara Senior Manager, Campus Recruiting athenahealth
VISIT WWW.BABSON.EDU/ GRADUATECAREERS TO SEE NOTABLE BABSON GRADUATE ALUMNI ON LINKEDIN. WWW.BABSON.EDU/MBASTUDENTPROFILE
FULL-TIME MBA EMPLOYMENT CLASS OF 2015 CAREER STATISTICS 88%
WERE OFFERED A JOB WITHIN THREE MONTHS OF GRADUATION*
“THE CENTER FOR CAREER DEVELOPMENT HELPED ME IDENTIFY THE RIGHT OPPORTUNITIES. THE ONEON-ONE MEETINGS WITH MY ADVISER ALLOWED ME TO DEVELOP A CAREER DEVELOPMENT STRATEGY— I HAD A PLAN OF ACTION BASED ON MY SKILLS, PAST EXPERIENCE, AND FUTURE GOALS.” – Nicholas Planeta M’14
ACCEPTED A JOB OFFER WITHIN THREE MONTHS % OF GRADUATION*
86
83%
INCREASE IN STUDENTS RECEIVING MULTIPLE JOB OFFERS (VS. 2012)
75%
INCREASE IN COMPANIES SERVING AS HOSTS FOR STUDENT VISITS (VS. 2012)
49%
INCREASE IN ON-CAMPUS COMPANY PARTNERSHIPS (VS. 2014)
63%
INCREASE IN COMPANIES THAT INTERVIEWED ON CAMPUS (VS. 2014)
19
16
JOINED A FAMILY % BUSINESS
GRADUATES BY TOP INDUSTRIES CONSUMER PRODUCTS/RETAIL LIFE SCIENCES/HEALTH CARE FINANCIAL SERVICES TECHNOLOGY CONSULTING MANUFACTURING NONPROFIT/EDUCATION REAL ESTATE ENERGY
STARTED A % BUSINESS
*Of those seeking.
AVERAGE U.S. BASE SALARY
23% 16% 15% 14% 9% 5% 4% 4% 3%
GRADUATES BY TOP JOB FUNCTION
GENERAL MANAGEMENT 21% MARKETING/SALES 21% FINANCE/ACCOUNTING 14% CONSULTING 13% STRATEGY 9% OPERATIONS/PRODUCTION 4% BUSINESS ANALYTICS 4% INFORMATION TECHNOLOGY 2%
$89,791
(AVERAGE OVERALL SALARY: $81,715)
43% 86% 37% 225%
INCREASE IN GENERAL MANAGEMENT DUE TO LEADERSHIP DEVELOPMENT PROGRAMS (VS. 2013) INCREASE IN CONSULTING INDUSTRY GRADUATES (VS. 2013) AFTER LAUNCH OF NEW INTENSIVE CASE PREP PROGRAM INCREASE IN GRADUATES IN THE LIFE SCIENCES AND HEALTH CARE INDUSTRIES (VS. 2014) INCREASE IN STRATEGY ROLES (VS. 2014)
WWW.BABSON.EDU/MBAOUTCOMES WWW.BABSON.EDU/GRADUATE
FULL-TIME MBA EMPLOYMENT CLASS OF 2015 SALARY (U.S. SALARIES ONLY)
BASE SALARY BY INDUSTRY MEAN CONSULTING $106,250 LIFE SCIENCES/HEALTH CARE $102,200 FINANCIAL SERVICES $92,308 CONSUMER PRODUCTS/RETAIL $87,883 TECHNOLOGY $78,969
BASE SALARY BY JOB FUNCTION MEAN CONSULTING $102,750 STRATEGY $97,800 FINANCE/ACCOUNTING $93,500 OPERATIONS/PRODUCTION $92,000 BUSINESS ANALYTICS $87,500 MARKETING/SALES $85,375 GENERAL MANAGEMENT $85,175 MANAGEMENT INFORMATION SYSTEMS $84,333
$16,000
8%
AVERAGE BONUS
AN INCREASE OF 40% (VS. 2013)
INCREASE IN CONSULTING SALARIES (VS. 2014) DUE TO INTENSIVE STUDENT CASE PREPARATION
“WE VALUE BABSON STUDENTS FOR THEIR ABILITY TO NAVIGATE COMPLEX BUSINESS ISSUES AND THEIR ENTREPRENEURIAL SPIRIT. AT LUXOTTICA, OUR CULTURE ENCOURAGES STUDENTS TO TAP INTO THAT ENTREPRENEURIAL APPROACH AND CONTRIBUTE TO OUR BUSINESS IN AN IMPACTFUL AND PASSIONATE WAY.” – Joshua Prickett Manager, Diversity and Recruitment Outreach, Human Resources Luxottica
SAMPLING OF FULL-TIME MBA EMPLOYERS CLASS OF 2015 ACCENTURE / AMAZON / ANHEUSER-BUSCH / ATHENAHEALTH / BAXTER INTERNATIONAL BOOZ ALLEN HAMILTON / BOSE CORPORATION / BOSTON BRUINS / THE BOSTON CONSERVATORY / BREAKAWAY VENTURES / BURGER KING CORPORATION / CIGNA CITY YEAR / COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION / CONTRAST CAPITAL MANAGEMENT / CREDICORP CAPITAL / CREDIT SUISSE / CRIOTEC / EDUCATION PIONEERS / ELIXIR CONSULTING / EMD SERONO / ENERNOC / EPLON / EY FIDELITY INVESTMENTS / GRANT THORNTON / HUBSPOT / INSTRUMENTATION LABS INVEST2INNOVATE / IRON MOUNTAIN / IRONWOOD PHARMACEUTICALS / ISABELLA STEWART GARDNER MUSEUM / LEARNING EXPRESS TOYS / LEVANT POWER CORPORATION LIBERTY MUTUAL INSURANCE / LUXOTTICA / MARSH & MCLENNAN COMPANIES MITSUBISHI CORPORATION / NESTED BEAN / NEW BALANCE / PEPSICO / POLAR BEVERAGES / PRICEWATERHOUSECOOPERS / REGENCY TRADING COMPANY / SHARKNINJA SMARTBEAR / STAPLES / STEWARD HEALTH CARE NETWORK / STEWARD MEDICAL GROUP / TURBINE / WALMART / WARNER BROS. ENTERTAINMENT GROUP / WAYFAIR
WWW.BABSON.EDU/MBAOUTCOMES
MBA INTERNSHIP EMPLOYMENT CLASS OF 2016 SUMMER INTERNSHIPS
INTERNSHIPS BY TOP INDUSTRIES CONSUMER PRODUCTS/RETAIL 21% TECHNOLOGY 16% FINANCIAL SERVICES 10% LIFE SCIENCES/HEALTH CARE 9% NONPROFIT/EDUCATION 9% CONSULTING 6% ENERGY 5% INTERNSHIPS BY TOP JOB FUNCTION MARKETING/SALES 32% FINANCE/ACCOUNTING 15% STRATEGY 11% CONSULTING 8% OPERATIONS/PRODUCTION 7% GENERAL MANAGEMENT 6% BUSINESS ANALYTICS 4% PRODUCT MANAGEMENT 2%
“WE HAVE BEEN EXTREMELY IMPRESSED WITH THE QUALITY OF BABSON’S STUDENTS. BABSON FOSTERS TOP-NOTCH, ENTREPRENEURIAL TALENT THAT CAN WORK IN VERY FAST-PACED ENVIRONMENTS.”
100%
– Charlene Naumann Director, Global Talent Acquisition Strategic Sourcing SharkNinja
INCREASE IN INTERNSHIPS IN AN
OPERATIONS/PRODUCTION FUNCTION
96%
STUDENTS WHO SECURED SUMMER INTERNSHIPS (of those seeking)
SAMPLING OF INTERNSHIP EMPLOYERS CLASS OF 2016 AMAZON / ANALOGIC CORPORATION / AT&T / ATHENAHEALTH / BOSE CORPORATION BOSTON CHILDREN’S HOSPITAL / BRIGHT HORIZONS / CLYPD / ECG MANAGEMENT CONSULTANTS EDF CLIMATE CORPS / EDUCATION PIONEERS / EF / EMD SERONO / EURO-PRO / EY HORIZON PHARMACEUTICALS / JOHNSON & JOHNSON / JUMBO CAPITAL MANAGEMENT LEVANT POWER CORPORATION / LUXOTTICA / MASSACHUSETTS AUDUBON SOCIETY MASSACHUSETTS GENERAL HOSPITAL / MASSCHALLENGE / MATHWORKS / MEDITECH NESTED BEAN / OCEAN SPRAY / THE PHILANTHROPIC INITIATIVE / POLARIS CAPITAL MANAGEMENT / PRICEWATERHOUSECOOPERS / SCHNEIDER ELECTRIC / T-MOBILE USA / TOPCO ASSOCIATES / WALMART / WALNUT VENTURE ASSOCIATES / WOLTERS KLUWER / WOO SPORTS
“I DIDN’T HAVE A NETWORK IN THE U.S., BUT THE CENTER FOR CAREER DEVELOPMENT HELPED ME MAKE CONNECTIONS. THROUGH THEIR CAREER FAIR, MOCK INTERVIEWS, AND ELEVATOR PITCH PREPARATION, I GOT ACCESS TO THE BEST OF BABSON, WHICH HELPED ME GET HIRED BY AMAZON.” – Shankar Das M’14
WWW.BABSON.EDU/MBAOUTCOMES
SPECIALIZED MASTE FULL-TIME EMPLOY MASTER OF SCIENCE IN MANAGEMENT IN ENTREPRENEURIAL LEADERSHIP (MSEL) CLASS OF 2015 CAREER STATISTICS
77%
ACCEPTED A JOB OFFER WITHIN THREE MONTHS OF GRADUATION*
AVERAGE U.S. BASE SALARY
$64,193
(AVERAGE OVERALL SALARY: $60,566)
57
AVERAGE STARTING SALARY IS % HIGHER THAN FOR A LIBERAL ARTS GRADUATE WITH BACHELOR’S DEGREE – FALL 2015 SALARY SURVEY, NATIONAL ASSOCIATION OF COLLEGES AND EMPLOYERS
GRADUATES BY TOP INDUSTRIES TECHNOLOGY LIFE SCIENCES/HEALTH CARE FINANCE CONSUMER PRODUCTS/RETAIL
29% 19% 14% 10%
GRADUATES BY TOP JOB FUNCTION MARKETING/SALES CONSULTING OPERATIONS FINANCE
24% 24% 19% 19%
Unless otherwise specified, all MSEL data are based on six months after graduation. WWW.BABSON.EDU/MSELOUTCOMES
91%
ACCEPTED A JOB OFFER WITHIN SIX MONTHS OF GRADUATION*
“I RECRUIT BABSON MASTER OF SCIENCE IN MANAGEMENT IN ENTREPRENEURIAL LEADERSHIP STUDENTS BECAUSE THEY CAN EMBRACE AMBIGUITY, FIND OPPORTUNITIES TO MAKE AN IMPACT, AND CAN IDENTIFY THE NECESSARY QUESTIONS TO ASK TO BE SUCCESSFUL.” – Basil Trikatzopoulos Managing Partner 38ventures
RS PROGRAMS MENT SAMPLING OF MSEL EMPLOYERS
CAMBRIDGE COMPUTER SERVICES / CAREEM / CENTRAL NEW YORK DIAGNOSTIC IMAGING / CLOUD TECHNOLOGY PARTNERS / DELOITTE / IRONSIDE / L’OREAL MADISON PERFORMANCE GROUP / PRISM HEALTHCARE PARTNERS / PROFITECT / ROBERT HALF STATE STREET GLOBAL ADVISORS / 38VENTURES / U.S. OLYMPIC COMMITTEE / VAPOTHERM
27%
JOINED A FAMILY BUSINESS
13%
STARTED A BUSINESS
*Of those seeking.
MASTER OF SCIENCE IN ACCOUNTING (MSA) CLASS OF 2015 CAREER STATISTICS AVERAGE U.S. BASE SALARY
$56,750 SAMPLING OF MSA EMPLOYERS BERRY DUNN / DELOITTE / EY / GONZALEZ & ASSOCIATES / KPMG / PRICEWATERHOUSECOOPERS STATE STREET GLOBAL ADVISORS / TERADYNE
“FINDING A JOB CAN BE OVERWHELMING. WITH THE CENTER FOR CAREER DEVELOPMENT, I RECEIVED ONE-ON-ONE PERSONALIZED ATTENTION DURING MY CAREER SEARCH.” – Erica DeBiase MS’15
WWW.BABSON.EDU/MSAOUTCOMES
OUR STUDENTS:
INNOVATORS. CHANGE MAKERS. BOUNDARY BREAKERS.
ENTREPRENEURSHIP IS OFTEN ASSOCIATED WITH STARTUPS, VENTURE CAPITAL, AND BUSINESS INCUBATORS, BUT OUR GRADUATES PRACTICE ENTREPRENEURSHIP OF ALL KINDS®. BY CREATIVELY SOLVING PROBLEMS AND ADAPTING TO CHANGE, THEY MAKE A DIFFERENCE IN ORGANIZATIONS OF ALL TYPES AND SIZES FROM DAY ONE.
“BABSON CREATES AN INTENSELY COLLABORATIVE ENVIRONMENT, CHALLENGING STUDENTS TO GROW BEYOND INDIVIDUAL CONTRIBUTION TO CO-CREATE AND SHARE LEARNING IN A WAY THAT MATCHES REALWORLD CAREERS.” – Leah Harrison M’15
“BABSON GAVE ME THE TOOLS TO MAKE THE JUMP TO A NEW INDUSTRY.” – Doug Brown M’14
“PUSHING FORWARD IN THE FACE OF AMBIGUITY IS AT THE CORE OF THE ENTREPRENEURIAL MINDSET AND PROBLEMSOLVING SKILLS THAT WE DEVELOP AT BABSON. WE TAKE ACTION!” – Toni Sayce M’13
LEARN MORE ABOUT OUR STUDENTS AT WWW.BABSON.EDU/REALPEOPLE
LEARN MORE AT
WWW.BABSON.EDU/GRADUATE WHERE YOU CAN: REGISTER FOR ADMISSIONS EVENTS AND GET ANSWERS TO ALL YOUR ADMISSIONS QUESTIONS LEARN MORE ABOUT APPLICATION REQUIREMENTS AND DEADLINES JOIN THE BABSON BRIDGE TO BEGIN YOUR APPLICATION AND CONNECT WITH THE BABSON COMMUNITY
BabsonGraduate @BabsonGraduate BabsonGraduate
Our graduate admissions staff is available to answer all of your questions at gradadmissions@babson.edu or 1-800-488-4512.
F.W. OLIN GRADUATE SCHOOL OF BUSINESS
WWW.BABSON.EDU/GRADUATE GRADMKT-8964 02/16