Babson College’s Master of Science graduates are celebrated for hitting the ground running, taking risks, and transforming uncertainty into opportunity. The Class of 2022 is no different.
Their entrepreneurial mindset—whether in finance, entrepreneurship, or business analytics—has helped them stand out among their peers and solve problems, big and small, with a fresh perspective. Babson’s unique educational foundation has helped them not only secure high-level jobs but also negotiate competitive salaries—at a rate that continues to increase year after year.
Graduates from Babson’s Master of Science in Finance (MSF) program saw an increase in annual U.S.-based salaries at $90,335, up 20 percent from 2021, and 100 percent of job-seeking graduates found work within six months of graduation—the highest rate in the past five years.
In the Master of Science in Management in Entrepreneurial Leadership (MSEL) program, 90 percent of job-seeking 2022 graduates found work within six months of Commencement, including those returning to family businesses.
Those who earned their Master of Science in Business Analytics (MSBA) degrees also fared well in the job market: 94 percent of those seeking employment found jobs within six months of graduation, and the average U.S. salary rose to $83,042, a 19 percent increase from 2021.
Embracing entrepreneurial leadership, leveraging all of the career resources available, and making valuable connections has helped Babson’s MS graduates take the next big step on their professional paths.
Entrepreneurship Education Makes All the Difference
The need for new perspectives has never been greater, with the constant changes in the professional landscape, including the rise in hybrid and remote work and emerging markets in technology, communication, and data analytics. Babson’s Entrepreneurial Thought & Action® (ET&A™) methodology and emphasis on real-world learning has helped the Class of 2022 graduates seamlessly transition—and excel—from the classroom to the workplace, whether they choose to start their own business or innovate within a corporation.
George Wang MSEL’22, founder and manager at Amptra Charging, deeply valued the entrepreneurship education he received in his degree program. Namely, he said, his experience in Associate Professor of Practice Jack McCarthy’s Entrepreneurial Leadership course had a profound impact on his approach to starting his own business and finding success professionally after graduation.
“The class provided me with a solid foundation in leadership skills and interpersonal skills while also emphasizing the importance of understanding ourselves, following our passion, and being authentic leaders,” Wang said. “It is fascinating to me how important and beneficial it is to truly understand your values, strengths, and weaknesses to become an authentic leader.”
Keys to Success
The data—an average 95 percent job placement among those seeking and significant salary increases from past years—shows that Babson’s newest MS graduates hold the keys to their success, said Margaret Jones, senior associate director of the Graduate Center for Career Development (CCD).
“Common feedback we hear from employers is that our students understand the importance of doing what needs to be done, even if some of the required action is not necessarily graduate-level work,” Jones said. “They often are the ones driving change and trying new things, rather than remaining satisfied with the status quo.”
Jones, one of the many seasoned CCD coaches available to the graduate community during their time at Babson (and as alumni), helps prepare MS students for the next steps in their careers as soon as they begin in their graduate programs. A common denominator for most successful graduates is that they fully leverage the resources Babson offers, particularly within career development. Attending career sprints and employer events, carving out time to network, and finding space to reflect on all that they’ve learned and how they can iterate along the way are shared practices of the excelling graduate class.
Ultimately, there is no secret shortcut—success is hard work, but Babson helps you embrace uncertainty, pivot when necessary, and learn from setbacks, according to Wang.
“Embrace the entrepreneurial spirit, take advantage of available resources, and stay committed to your vision and values,” Wang said. “Staying true to your purpose and values can help you stay motivated and focused on achieving your goals.”
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