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. For the students, this translates to in-depth industry expertise and unique company insight. As a partner organization, this empowers you to efficiently address your talent needs by targeting those who will succeed in your organization.” – Cheri Paulson, Senior Director Graduate Center for Career Development and Strategic Partnerships, Babson College
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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 Access the working professional population enrolled in our part-time Evening and Blended Learning MBA programs in order to address your immediate hiring 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
BABSON ALUMNI ARE CREATING VALUE IN A WIDE VARIETY OF ROLES, ORGANIZATIONS, AND INDUSTRIES. SEARCH FOR “BABSON GRADUATE SCHOOL” TO SEE NOTABLE BABSON GRADUATE ALUMNI ON LINKEDIN. WWW.BABSON.EDU/TALENT
FULL-TIME MBA EMPLOYMENT CLASS OF 2015 CAREER STATISTICS 88%
WERE OFFERED A JOB WITHIN THREE MONTHS OF GRADUATION*
“BABSON STUDENTS UTILIZE BOTH PROGRESSIVE THINKING AND BIG DATA SYNTHESIS TO DRIVE IMPACTFUL INSIGHTS. THEY ELEVATE THE WAY IN WHICH WE CONDUCT BUSINESS, EXHIBITING AN ABILITY TO CREATIVELY PROBLEM SOLVE, COLLABORATE, AND LEAD IN AN INSPIRING MANNER.” – Christina Lynch Senior Marketing Manager Ocean Spray Cranberries
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 INTENTIONAL CASE PREP PROGRAM INCREASE IN GRADUATES IN THE LIFE SCIENCES AND HEALTH CARE INDUSTRIES (VS. 2014) INCREASE IN STRATEGY ROLES (VS. 2014)
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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/TALENT
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
“OUR BABSON MBA INTERN WAS COMFORTABLE WORKING THROUGH AMBIGUITY AND IN LESS STRUCTURED ENVIRONMENTS. HE ALSO WAS A SUPER-CREATIVE PROBLEM SOLVER.” – Mike Kaufman Director of Talent Acquisition EF (Education First)
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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.
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
“WITH A BABSON MSA DEGREE, BABSON GRADUATES COME INTO OUR ORGANIZATION WITH MORE THAN TECHNICAL KNOWLEDGE; THEY POSSESS THE SOFT SKILLS—LIKE PRESENTING AND LEADING MEETINGS— NECESSARY TO MAKE THEM WELL-ROUNDED CANDIDATES.” – Laura Feeley Campus Recruiter EY
WWW.BABSON.EDU/TALENT
CONNECT YOUR ORGANIZATION WITH BABSON Our approach to engaging with organizations is highly customizable and can involve one, a combination of, or all of the interactive opportunities listed below. CAREER CONVERSATIONS: Educate a select group
STUDENTS AS CONSULTANTS: Give students
of students about your industry and expertise.
real-world experience with a team-based consulting project for your company.
COMPANY INFORMATION SESSIONS: Gain brand recognition and discuss specific job openings.
BABSON CONNECT EVENTS: Network with current students and alumni at events in Boston,
EXECUTIVE INDUSTRY PANELS: Speak on a panel during an industry-focused event.
CLASSROOM INVOLVEMENT: Visit a classroom
Miami, New York, and San Francisco.
JUST-IN-TIME CAREER FAIR: Present your job and internship opportunities every April.
as a guest speaker, or sponsor a case study.
STUDENT SITE VISITS: Host a group of students MINI FLASH CASES: Observe our students as
at your office for a tour and presentation.
they solve your company challenge in a rapid, interactive manner.
EMPLOYER IN RESIDENCE: Engage with students on campus during walk-in hours.
MOVE FORWARD
GRADUATE CENTER FOR CAREER DEVELOPMENT For more information or to schedule a meeting with our relationship managers:
WWW.BABSON.EDU/TALENT
CALL: 781-239-4210 / EMAIL: GRADRECRUITING@BABSON.EDU WELLESLEY (MAIN CAMPUS) / BOSTON / SAN FRANCISCO
WITH BABSON TALENT:
GRADUATE SCHOOL:
BabsonGraduate
GRADUATE CENTER FOR CAREER DEVELOPMENT (CCD):
@BabsonGraduate BabsonGradCCD
Babson Graduate
BabsonGraduate
@BabsonGradCCD
The F.W. Olin Graduate School of Business at Babson College adheres to the MBA Career Services & Employer Alliance (MBACSEA) Standards for Reporting Graduate Employment Statistics. Unless otherwise noted, all data reported in this document follow the standards outlined on mbacsc.org.
BABSON EDUCATES ENTREPRENEURS OF ALL KINDS WHO CREATE ECONOMIC AND SOCIAL VALUE EVERYWHERE.
F.W. OLIN GRADUATE SCHOOL OF BUSINESS
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