Babson College F.W. Olin Graduate School of Business

Transcription

1 Babson College F.W. Olin Graduate School of Business RECRUITMENT AND SCHOLARSHIPS/FELLOWSHIPS What programs and initiatives has your school found successful in the recruitment of minority and/or female students? Babson College begins recruiting minority and female business students at the undergraduate level by partnering with undergraduate institutions (e.g., HBCUs) and corporate/academic development organizations (e.g., POSSE Foundation, Forté Foundation). At the graduate level, Babson recruits students by participating in MBA tours (e.g., Forté Forums) and partnering with targeted conferences (Black Enterprise, National Association for Black MBAs and the National Society of Hispanic MBAs). Please describe any scholarship and/or fellowship opportunities for minority and/or female students attending your school. Name of scholarship program: NSHMBA Scholarship Deadline for application: Ongoing Scholarship award amount: Amounts vary; $5,000 to full tuition Website or other contact information for scholarship: Whether starting a business or managing a business line in an existing enterprise, Latino professionals need unique, innovative solutions in response to their challenging business problems. Babson s integrated, creative and entrepreneurial approach to the MBA curriculum equips Latinos with a comprehensive set of problem-solving tools and practical knowledge that translates into a rewarding MBA experience. Babson College proudly partners with NSHMBA to offer scholarships to NSHMBA members. Babson NSHMBA scholarships are awarded at varying financial levels. In order to be eligible for consideration you must be a United States citizen of Latin American descent and an active NSHMBA member in good standing. You must also meet Babson s academic guidelines for merit-based scholarships. Name of fellowship program: Forté Fellowship Deadline for application: Ongoing Fellowship award amount: Amounts vary; $10,000 or $20,000 Babson proudly partners with Forté Foundation to offer scholarships to talented, professional female leaders in pursuit of their MBA. PROMINENT ALUMNI/FACULTY Please provide information about prominent minority faculty members at your school. Elizabeth Thornton, chief diversity officer and professor of entrepreneurship Elizabeth R. Thornton is an entrepreneurship faculty member of the Blank Center for Entrepreneurship at Babson College. In her role as chief diversity officer, she is a member of the president s Cabinet and leads the effort to create and sustain an inclusive multicultural environment that attracts, educates, empowers and retains underrepresented students, faculty and staff. Donna Stoddard, associate professor and chair of the technology, operations and information management division Donna Stoddard is an associate professor and the chair of the technology, operations and information management (TOIM) division at Babson College. Dr. Stoddard teaches undergraduate, graduate and executive education courses related to management information systems and business strategy. Before joining the Babson faculty, Dr. Stoddard was on the faculty at Harvard Business School where she taught in the MBA and executive education programs. She is a graduate of Creighton University, the University of North Carolina at Chapel Hill and Harvard Business School, where she received her BS, MBA and DBA, respectively. Dr. Stoddard has explored how small and large companies leverage enterprise systems to improve communication and collaboration. She recently completed a study that documented the State of Minority Business Enterprises (MBE) in Massachusetts. Please provide information about prominent female faculty members at your school. Patricia Greene, professor of entrepreneurship Patricia G. Greene is a professor of entrepreneurship at Babson College, where she holds the president s chair in entrepreneurship. She previously served as provost, and before that as the dean of the undergraduate school at Babson and held the president s endowed chair in entrepreneurship. Prior to joining Babson she held the Ewing Marion Kauffman/Missouri Chair in Entrepreneurial Leadership at the University of Missouri, Kansas City (1998 to 2003), and the New Jersey Chair of Small Business and Entrepreneurship at Rutgers University (1996 to 1998). Dr. Greene s research focuses on the identification, acquisition and combination of entrepreneurial resources, particularly by women and minority entrepreneurs. She is a founding member of the Diana Project, a research group focusing on women and the venture capital industry. 81

2 Danna Greenberg, associate professor of management Professor Greenberg s research actively investigates how organizational change shapes individuals interpretations and actions and how individuals actions and interpretations in turn shape organizational change. To date, she has explored these issues across diverse change contexts including: organizational and governmental changes, multinational growth, mergers and acquisitions and organizational responses to world crises. The results from her research have been published in numerous academic books and journals including Administrative Science Quarterly, Academy of Management Learning and Education and the Journal of Applied Behavioral Science. Professor Greenberg has recently started a new study of individuals and change which focuses on the introduction of flexible work arrangements into organizations and how women in organizations negotiate flexible work arrangements. Candida Brush, professor, Paul T. Babson Chair in Entrepreneurship, division chair for entrepreneurship Professor Brush is well known for her pioneering research in women s entrepreneurship. She conducted the first and largest study of women entrepreneurs in the early 1980s, resulting in one of the earliest books on the topic. Her continued research catalyzed studies and dissertations worldwide. With four other researchers she founded the Diana Project, a research consortium investigating women s access to growth capital internationally. Dr. Brush s research investigates resource acquisition, strategy and financing of new ventures. A frequent adviser to the U.S. Small Business Administration Office of Advocacy on women s entrepreneurship, Professor Brush is on the board of directors of the Center for Women s Business Research, and the executive committee of Children Without Borders, a clinic in Costa Rica. She serves on the board of many startups, and has coached and advised numerous startup ventures. Additionally, over half of the division chairs at Babson are female faculty. CURRICULUM AND RESEARCH Please provide information on any classes and concentrations that focus on issues related to women or minorities. Women s Entrepreneurship & Leadership Women s Entrepreneurship and Leadership is about contemporary women s roles in creating and leading organizations. The course examines the issues, challenges and opportunities women face in leading or creating companies, explores organizational policies that facilitate women s advancement and participation in companies and helps students develop strategies for effectively managing their leadership or entrepreneurial career. Multiple perspectives are considered: macroenvironmental, business policy and individual leadership. Managing in a Diverse Workplace This blended learning format course focuses on understanding the factors that create leaking talent pipelines with respect to diversity in the workplace. The course begins with a face-to-face session, then continues with online content and asynchronous discussion forums in the next six weeks and culminates with another face-to-face session. The course first examines the context for the so-called war on talent and the need and opportunity to effectively diversify the talent pool and leadership pipeline. Next, it examines the underlying social norms and organizational barriers that may engender talent loss and considers examples of how organizations set and implement policy to attract and retain a diverse talent pool and the challenges they face in doing so. Finally, the course concludes with the perspective of the manager, looking at how social identity impacts individuals and the choices they make, both for themselves and in their managerial roles. The focus throughout the course will be on ways to enhance effectiveness in managing a diverse group of employees. LGBT Boston: A History, with Maps This truly interdisciplinary course will draw from gay and lesbian studies, music and theater history, gender studies, American cultural history and literary history as it challenges students to leave Babson Park and immerse themselves in Boston s gay and lesbian past and present. The course encourages students to investigate the multiplicity of identities that have formed a central part of Boston s social and cultural life since at least the middle of the 19th century. In doing so, LGBT Boston will not simply invite students to learn about individual lesbian, gay, bisexual, queer and transgendered lives in our region, but will encourage Babson undergraduates to reconsider what we mean when we say Boston to begin with. LGBT Boston will require our students to map their academic inquiry onto an actual place and, among other things, assumes that students will leave campus and see people and places that they might not in an average semester. While our small campus in a suburb of Boston cannot always provide the diversity of experience that we want our students to enjoy, this course will use the city as an adjunct to the campus, and make it possible for students to explore histories of diverse identity where they actually unfolded. Please describe any faculty and/or student research projects that focus on diversity, multiculturalism and/or minority issues. Babson College s partnership with the HBCU Entrepreneurship Consortium continues to develop case studies and other curricular materials focused on Black entrepreneurs. Babson College partnered with the Center for Women s Business Research to launch a multiyear national study on women of color and their business enterprises. The research is designed to uncover any barriers and challenges that women of color face in the pursuit of business growth and to create 82

3 both individual and community action plans to overcome those barriers. The research culminated in a 2008 national meeting where public- and private-sector policy recommendations generated by the research were announced. Please describe any symposiums or special lectures that focus on diversity and minority issues organized and/or sponsored by your school. The Center for Women s Leadership, located on the Babson College campus, holds many events throughout the year including a women s leadership conference, panel discussions, seminars, workshops, author series and more. ORGANIZATIONS AND STUDENT LIFE Please provide information about your school diversity student and alumni organizations. African Business Association The African Business Association is for all members of the Babson community who identify with one or more of our purposes to learn more about African businesses and entrepreneurial opportunities; connect with African entrepreneurs and business leaders; get to know more about African culture; work with admissions to attract more Africans to Babson. Asian Business Forum The Asian Business Forum is a student-managed campus organization aimed at broadening students awareness and understanding of Asia and its many business opportunities. Association of Latino Professionals in Finance and Accounting (ALPFA) ALPFA s goal is to help all students, both international and U.S. students, to network and explore new professional frontiers in the United States (not limited to the New England area). Babson Association of Women MBAs (BAWMBA) This organization provides support for and promotes awareness of issues surrounding women in business. Specifically, BAWMBA creates a network of students, faculty, alumni and community members dedicated to promoting the advancement of women in leadership roles. BAWMBA offers excellent opportunities to network with other Babson students and visiting guests through its formal events and informal gatherings. Babson s Black MBA Student Association The purpose of the Black MBA Student Association (BMBASA) is to enhance the experience of Black MBA candidates at the F.W. Olin Graduate School of Business through meaningful social, professional and educational activities. Our goal is to create an intellectual forum where entrepreneurship, business topics and ideas can be shared, disseminated and fostered. Membership in the BMBASA will provide students with opportunities to network with colleagues, faculty, alumni, entrepreneurs and business leaders for professional development and employment opportunities industrywide. Our mission is to create lasting benefits for Black MBA candidates through interactions with other colleagues, faculty, alumni, business professionals and business organizations that lead to life-long friendships and professional relationships. Babson EuroClub The purpose of the EuroClub is to increase the profile of Europe and European business opportunities at Babson, to increase the profile of Babson in Europe and to facilitate networking among those interested in European business. Babson Latin America Club The goal of the Babson Latin America Club is to promote campus awareness and to spread information related to Latin American business, economics, politics and culture. The club provides an opportunity for MBA students to deepen their international understanding of Latin America, to explore diversity on campus and to encourage greater flexibility in thinking about world events from divergent regional perspectives. The BLAC organizes events to exchange information with prominent personalities of the Latin American business world about topics such as business opportunities in Latin America, managing in unstable environments, doing business in Latin America, financing entrepreneurial ventures in Latin America, dealing with inflation and globalization and many other topics. Open for Business The Babson Open for Business Club envisions a Babson community where people of all sexual orientations are free and unencumbered from passive or active discrimination and are welcomed into all aspects of campus life. The mission of Open for Business is to promote an open and hospitable campus environment, as well as a higher level of understanding of sexual minority issues. We want to foster diversity by promoting Babson as a welcoming campus to the gay, lesbian, bisexual and transgender community and create social activities that promote this diversity in and outside the college. Open for Business primary members are graduate students. We are working in close partnership with faculty, administration and alumni, as well as the undergraduate GLBT student club, OPEN. Straight allies are encouraged to join the club to help demonstrate that sexual discrimination should not be tolerated at school or in the workplace. South Asian Business Association (SABA) The South Asian Business Association is a forum through which members of the Babson community, and other constituents, can explore and lead initiatives related to South Asia. 83

4 Please provide information on any programs, including on-campus and universitywide programs in which MBA students participate that focus on issues related to women or minorities. Babson Center for Women s Leadership Our Center for Women s Leadership (CWL) is dedicated to the accomplishment of women at all stages of their careers and to the advantages for the organizations that are committed to leveraging the talent and market power of women. The center s education and executive programs support the professional development of women as entrepreneurs, as leaders in traditional organizations and as change agents in their communities and the larger world. The Center for Women s Leadership also offers the Women s Leadership Program. This is a cocurricular program that provides enhanced leadership development, networking and mentoring opportunities to selected undergraduate and all graduate women. Please provide information on any institutes and/or related programs that focus on diversity. Many of the student organizations at Babson s F.W. Olin Graduate School of Business focus on diversity. For example, a few of the most active clubs are the Babson Latin America Club, the South Asian Business Association, the Asian Business Forum, Open for Business and the Babson Association of Women MBAs. These clubs work independently and collaboratively to host events such as diversity panels, pub nights and networking events. A few of the newest clubs to the Babson Graduate School this academic year are the Black MBA Student Association, the Association of Latino Professionals in Finance and Accounting, the African Business Association and the Babson Graduate Christian Fellowship. All clubs are active, but in particular, the African Business Association, initiated as an official club in spring 2009, is already hosting a lunch series to discuss and educate students about the different industries and business opportunities in Africa. The goal is to educate students on the many countries in the continent, and not just on the five or six countries that are most frequently in the news. Below are a few examples of the types of events and programming offered by the student organizations at Babson: Babson s diversity panel Sponsored by BAWMBA, Open for Business Club, Babson Latin America Club, South Asian Business Association, Black MBA Student Association International dinner Sponsored by the Graduate Student Council, the office of international programs, and the Partner s Club. This event features the students as chefs representing their country and culture. The students, faculty and staff cook, and the community enjoys flavors from over 20 countries. Globetrotters program Sponsored by the graduate programs and student affairs office and run by students. This program is a series of hour-long presentations on the culture and economy of one specific country. CAREER OPPORTUNITIES Please describe any diversity recruiting events for employers recruiting minority and/or female students at or near your school. Babson engages in a strategic partnership with the National Association for Black MBAs and the National Society of Hispanic MBAs through active participation at national conferences and local events. Babson is also a member of the Forté Foundation. STRATEGIC PLAN AND DIVERSITY LEADERSHIP Please provide your school s diversity mission statement. As part of the college s strategic vision, the board will be responsible for developing strategies to recognize and engage the diverse and multicultural backgrounds of our community members. We believe that future leaders must develop a competency in cultural sensitivity and understand how one s culture, history and background informs and shapes one s perspective and world view and how to effectively integrate these diverse perspectives into developing business solutions that impact people, planet and profit. Our curriculum must create opportunities for students to develop a core skill set and capability in cultural sensitivity and cross-cultural leadership. The vision for Babson is to create a diverse, multicultural and inclusive community of highly talented students, faculty and staff. 84

5 How does your school s leadership communicate the importance of diversity to your student body, faculty and administration? Babson uses various means for communicating the importance of diversity among its community including s, website, newsletters, town meetings and podcasts. Additionally, students, faculty and staff came together and participated in an improvisational workshop to produce skits for an interactive communitywide event to facilitate the discussion regarding diversity. The event was marketed as the I Have It, Do You event. It is the ability to recognize, value and embrace difference. Babson also has a chief diversity officer who has formed a 36-member board, which will be responsible for developing strategies to recognize and engage the diverse and multicultural backgrounds of our community members. The board s important work will help to ensure that we can attract the best faculty, staff and students to our school. The board s work will also provide opportunities for us to grow as individuals and maximize our students effectiveness in and contributions to the global marketplace. The board will partner with members of the community to develop curricular and cocurricular activities that develop cultural awareness and leadership skills. Please provide any additional information regarding your school s diversity initiatives that you wish to share. With a new president, the college engaged in a new strategy process, and diversity is now a prominent part of the college s strategy document. DEMOGRAPHIC INFORMATION Please describe the demographics of your most recent entering class. Percentage of female students: 37 percent Percentage of minority students: 26 percent White/Caucasian: 69 percent African-American/Black: 5 percent Hispanic/Latino: 6 percent Asian: 14 percent Native Hawaiian/Pacific Islander: (included in Asian total) Average age of students: 29 Please add anything else regarding demographics you would like us to include. Babson s incoming two-year MBA class was 41 percent international students. Please describe the geographic diversity of your most recent entering class. Percentage of U.S. citizens and permanent residents: 59 percent Please describe the selectivity of your school for the most recent application cycle. Number of applicants: 636 Number of admits: 299 Number of matriculants: 155 Please describe the academic and employment backgrounds of your most recent entering class. Average years of pre-mba work experience: Five 85

6 Percentage of students coming from different industries pre-mba: Consulting: 6 percent Consumer products: 8 percent Education: 5 percent Financial services: 19 percent Government: 2 percent Manufacturing (includes operations): 12 percent Media/entertainment: 2 percent Nonprofit: 9 percent Pharmaceutical/biotechnology/health care products: 2 percent Real estate: 8 percent Technology: 4 percent Other: 24 percent Percentage of students who studied different undergraduate disciplines: Humanities (includes arts): 19 percent Social sciences: 14 percent Science: 8 percent Business/commerce: 22 percent Other major/field of study: 37 percent Please provide student employment information for the most recent graduating class. Average starting salary: $93,909 (base salary, not including bonuses) Percentage of students entering different industries: Consulting: 12 percent Consumer products: 21 percent Financial services: 30 percent Petroleum/energy: 3 percent Pharmaceutical/biotechnology/health care products: 7 percent Real estate: 2 percent Technology: 17 percent Other: 8 percent Percentage of students working in different functions: Consulting: 19 percent Finance/accounting: 35 percent General management: 16 percent Marketing/sales: 19 percent Information technology: 3 percent Operations/logistics: 6 percent Other: 2 percent Major recruiting companies: Cigna Deloitte Fidelity IBM Johnson & Johnson Liberty Mutual Ocean Spray Staples 86