FINANCIAL TIMES RANKS BABSON #3 FOR MBA ENTREPRENEURSHIP PROGRAMS WORLDWIDE
Financial Times Global MBA 2014 rankings released today ranks Babson College 3rd among the world’s top MBA programs, highlighting Babson’s leadership position in entrepreneurship education.
Since 2000, Financial Times has ranked Babson’s F.W. Olin Graduate School of Business in the top five entrepreneurship programs among global business schools.
According to FT’s Babson College business school profile: “In 1967, Babson College became one of the first academic institutions in the world to offer a dedicated elective on entrepreneurship. In 1993, the Massachusetts business school made a course on entrepreneurship a requirement for all its MBA students. Today Babson offers 79 graduate-level courses on the subject, in addition to a wide array of forums, workshops, business plan competitions, summer internships, and accelerator programmes geared toward cultivating the next generation of entrepreneurs.”
Overall Babson ranks 49th among U.S. business schools and 95th in the global business school rankings. Additionally, Babson is ranked 16th in Career Progress Rank, with Salary Today of $109,118. Eighty-two percent of Babson graduates are employed at three months and the College has an Alumni Recommended Rank of #30.
“These Financial Times rankings reinforce the fact that our unique approach to entrepreneurship in graduate business education is an effective and critically-needed approach to prepare leaders who create economic and social value everywhere,” said Dennis Hanno, Babson College Provost and Senior Vice President. “The relationships built with faculty and peers, the soft skills developed, and the unique curricular experiences, all contribute to the strong career progression rank; a rank that reflects Babson MBA graduates succeeding in roles in organizations of all types and sizes.”
According to FT, “This ranking evaluates the world’s best full-time MBA programmes. This year, 153 schools took part, having met strict entry criteria. All are internationally accredited and their MBAs have run for at least four years. The ranking is compiled using data collected from the schools and a survey of alumni who completed full-time MBAs in 2010. For schools to be ranked, 20 per cent of their alumni must respond to the FT survey, with at least 20 fully completed responses. This year, 10,986 alumni completed the survey – a response rate of 47 per cent.”
About Babson College
Babson College is the educator, convener, and thought leader for Entrepreneurship of All Kinds™. The College is a dynamic living and learning laboratory, where students, faculty, and staff work together to address the real-world problems of business and society - while at the same time evolving our methods and advancing our programs. We shape the leaders our world needs most: those with strong functional knowledge and the skills and vision to navigate change, accommodate ambiguity, surmount complexity, and motivate teams in a common purpose to create economic and social value. As we have for nearly a half-century, Babson continues to advance Entrepreneurial Thought and Action® as the most positive force on the planet for generating sustainable economic and social value.