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Businessweek survey on top MBA entrepreneurial programs names MIT second, and Babson third

Posted by Your Town  January 18, 2013 12:06 PM

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This week, Bloomberg Businessweek ranked MIT as the second best MBA entrepreneurial program and Babson College third, as part of its “2012 Best B-Schools ranking.”

"Babson has always been at the forefront of entrepreneurship education, and this ranking confirms that our students see great value in what we do. We're delighted to be near the top of this list of very impressive international universities,” Dennis Hanno, Vice Provost and Murata Dean of the Graduate School said in a statement.

U.S. News & World Report ranked Babson College’s undergraduate school No. 1 in entrepreneurship in 2012 for the 16th consecutive year.

According to the article in Businessweek, the magazine surveyed MBA students from the Class of 2012 about their business school experience. One question asked participants to rank their program’s “entrepreneurship offerings,” and Businessweek awarded points to each response - one for “poor” through six for “outstanding.”

The magazine reported the average score for all 82 schools was 4.49.

At the top of the list was Stanford University, where MBAs partner with alumni to start businesses through the school’s Center for Entrepreneurial Studies, Businessweek reported.

The MIT’s Sloan School of Management offers more than 50 classes in entrepreneurship, according to the article. MBA students studying at Sloan can participate in the school’s $100K Entrepreneurship Competition, and win up to $50,000 for their business.

“Sloan really breeds an ecosystem of innovation and entrepreneurship, whether from its connection to the rest of MIT, or from within, with professors or coursework,” 2012 Sloan MBA grad Omar Mitchell told Businessweek. “This innovation creates a groundswell of ideas and discourse that runs in the veins of the programs that comprise Sloan.”

Harvard Business School did not appear on the list, though Businessweek named Harvard as the 2nd best full-time business school for 2012.

Looking for more coverage of area colleges and universities? Go to our Your Campus pages.

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