I don’t have hard numbers on the overall class, but in my experience (I’m an Indian), from 9 Indian students in my two year MBA class, 6 have family or self-run business backgrounds.
The numbers are similar or trending upwards if you consider second year students and one year MBA students.
In terms of an application, I feel that all the factors that you list are very important, but I couldn't tell you the variation.
In terms of an interview, I think it is very important to be genuine and have a conversation, instead of merely a question and answer session.
So, its again a 5-day week, though you can manage to spread your work a bit more and also by this time, you get used to the pace of the program. Many times, I was down and close to giving up, given the pressure of accounting, finance and other courses that were new to me.
I used to wonder how I would ever manage to learn anything and stay afloat.
The Babson MBA is a one of the smallest programs in the US with an annual graduation number of roughly around 150 - 165 candidates (including One Year MBA).
It is also not selective to the extent of top 10 schools and average GMAT scores are almost 80-100 points below top schools.
When you consider GMAT Score, Experience, GPA, Essays and Interviews, which one of them will make or break your chance of getting into Babson MBA program?
I prepared for the Babson interview using interview questions for Babson.