I know there is a whole debate about whether entrepreneurs actually benefit or not from an MBA. With that in mind, I know Babson has been ranked the #1 MBA program for entrepreneurship by U.S. News & World Report, Princeton Review, Financial Times etc for many years. I haven't heard of many successful companies started by Babson alumni and the school most certainly does not place well into prestigious jobs such as Bulge Bracket IBD, MBB consulting etc. Is the whole #1 entrepreneurship ranking overrated?
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Yes, Babson is not a great business school. It's ranked 65 by usnews. Go to M7/Top 10 if you can get in.
These links may help http://poetsandquants.com/2013/11/18/poetsquants-top-100-mba-startups/ http://poetsandquants.com/2013/11/18/the-top-20-b-schools-for-entrepren…
I'm curious how Babson's MBA program has managed to maintain its #1 entrepreneurship ranking for so long and yet overall the program can't even crack the top 50 business schools?
Furthermore, does anyone know why Babson continuously gets ranked #1 for entrepreneurship when almost all of today's wildly-successful startups are being founded by technology-focused entrepreneurs who did not go to Babson? It just doesn't make any sense.
Does anyone know of a famous entrepreneur(s) from Babson?
Are they in the tech field or something else?
Because real entrepreneurs don't go to business school. It's basically a joke.
oh please do explain!
custommade.com was started by babson MBAs.
mate...your questions are misguided! rankings...who went there? why not ask "what do they do for entrepreneurship that's not done anywhere else"?
I go to IE and selected it because of its entrepreneurial strength. We have a incubator/accelerator. Every week there's banker or VC coming in, listening to pitches and networking (free beer as well!). I can also start up a business there and get academic credit for it, all under the guidance of professors/VCs/etc. And if my idea is really good, I'll get funding for it as well! Oh and the school hosts "Venture Days" all around there world where startups can pitch to VCs n shit.
I don't know what Babson does, but I also know HBS and Stanford have a strong entrepreneurial presence. If you're looking to go to banking or consulting post-mba, wtf would you choose Babson for?
I can see Harvard in every page. I'm NOT doubting Harvard, but trying to understand it - what makes Harvard so unique? What's so different in it's MBA program that creates entrepreneurs? Is the admission committee inclined towards candidates who believe in entrepreneurship? While I know it's case-driven approach that makes you think deep and analyze while solving problems, is it the only reason?
Harvard has been around for 100's of years and has been viewed as the best since before our grandparents were born. Due to this, the top people apply to Harvard. Employers, or in the case people who fund start-ups, recognize this and pay according. It has nothing to do with the curriculum.
Also the specialty rankings are a joke and have no validity to them in the first place, just look at the overall USNews ranking. You should never choose Babson over a top-20 school, regardless of where you want to work, and its not even close.
Network, classmates, curriculum. Latter solely for the fact that you are supposed to start a Microbusiness in your first year. Not sure other do/don't do it, but it's something that popped out to me recently.
Thanks for shedding light on the US News specialty rankings and how they should not be used to make an important decision such as what business school to attend. I'm not looking to do ibanking or consulting after my MBA but want to go to a school that provides both a strong entrepreneurial focus and solid reputation with employers. I don't believe Babson will satisfy both those requirements because it's admission requirements are low (average gpa 3.3 and average GMAT of 630) and therefore it doesn't get the recruiting from top MBA employers that other schools such as IE and the M7 would receive due to their stronger student bodies, alumni network, and reputation.
OP - what are your stats/background?
3.8 GPA from a top 50 undergraduate school in a business major with 720 GMAT.
and no work experience?
Work experience is 3 years in an industrial equipment and real estate focused family business and an earlier 2-year stint in finance. I really did not like the large corporate environment and have zero desire to work in ibanking or consulting. I want to start my own company.
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