Newswise — U.S.News & World Report magazine has ranked Babson College the #1 MBA program for entrepreneurship for the 16th year in a row.
Besides Babson, other top five entrepreneurship programs are Stanford University, Harvard University, University of Pennsylvania (Wharton), and Massachusetts Institute of Technology (Sloan).
Additionally, U.S. News has ranked Babson's MBA program #49 overall. This ranking was our 4th consecutive year in the Top 50 -- our longest streak ever. (Babson only made the Top 50 for the first time in 2003.) And, after a three year absence from its rankings of the top 25 part-time programs, our Evening MBA program returned this year as #24.
Our MBAs' Average Starting Salary and Bonus ($105,470) was ranked in the Top 25 and was a +12% increase over last year. "This speaks to marketplace evidence of the high regard for the value of our graduates. It also strongly suggests that companies want Babson MBAs who have an 'entrepreneurial mindset' and are adept at finding opportunities during a time of economic uncertainty," said President Leonard Schlesinger.
The U.S. News and World Report methodology is as follows. Reputation, as defined by both academic (Deans and MBA Program Directors) and corporate recruiter perspective, accounts for 40% of the rankings score. Employment success (starting salary, % employed at graduation, and % employed 3 months after graduation) accounts for 35% of the ranking, and admissions criteria (selectivity, GPA, and GMAT) represent the final 25% of the ranking.
"This ranking is a result of the Babson community's belief in our mission and relentless hard work--faculty known for their exceptional teaching and a staff who does a great job working with our students. We remain firmly committed to excellence as measured by our own internal standards, as well as marketplace-based standards. These latest results reinforce our belief that we are producing the world's best entrepreneurial leaders--and, with our new strategy, we are likely to continue to advance our global reputation for outstanding graduate education," said President Schlesinger.
The full rankings are available at www.usnews.com.
Babson College in Wellesley, Mass., is recognized internationally as a leader in entrepreneurial management education. Babson grants BS degrees through its innovative undergraduate program, and grants MBA and custom MS and MBA degrees through the F.W. Olin Graduate School of Business at Babson College. Babson Executive Education offers executive development programs to experienced managers worldwide. For information, visit www.babson.edu.
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