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Babson College

Coordinates: 42°17′53.63″N 71°15′40.29″W / 42.2982306°N 71.2611917°W / 42.2982306; -71.2611917
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Babson College
Former names
Babson Institute (1919–1969)
TypePrivate business school
EstablishedSeptember 3, 1919; 104 years ago (1919-09-03)
Endowment$686 million (2024)[1]
PresidentStephen Spinelli Jr.
Academic staff
306 full-time
Students4,000[2]
Undergraduates2,800
Postgraduates1,200
Location
Wellesley
,
Massachusetts
,
United States

42°17′53.63″N 71°15′40.29″W / 42.2982306°N 71.2611917°W / 42.2982306; -71.2611917
CampusSuburban, 350 acres (1.4 km2)
ColorsGreen and white[3]
   
NicknameBeavers
Sporting affiliations
NCAA Division III
MascotBiz E. Beaver
Websitewww.babson.edu

Babson College (Babson) is a private business school in Wellesley, Massachusetts. Established in 1919,[4] Babson's undergraduate and graduate programs in entrepreneurship education has ranked #1 for several decades.[5] The college was established by entrepreneur Roger W. Babson as an all-male institute focused on educating aspiring chief executives and business people seeking to maintain family businesses.[6] It became coeducational in 1970.

Babson College has one undergraduate school through which all students earn a Bachelor of Science in Business Administration that can be concentrated in up to two of 24 different academic areas, business or otherwise.[7] Its graduate school offers master's degrees.[8]

The college has additional campus locations both in the financial district in Boston and downtown Miami.[9] These campus spaces house various graduate programs. All undergraduate students study on the main, residential campus in Wellesley, Massachusetts.

History[edit]

20th century[edit]

On September 3, 1919, with an enrollment of twenty-seven students, the Babson Institute held its first classes in the former home of Roger and Grace Babson on Abbott Road in Wellesley Hills.[citation needed] Roger Babson, the founder of the school, set out to distinguish the Babson Institute from colleges offering mainly instruction in business. The Institute provided intensive training in the fundamentals of production, finance and distribution in just one academic year, rather than four. The curriculum was divided into four subject areas: practical economics, financial management, business psychology and personal efficiency (which covered topics such as ethics, personal hygiene and interpersonal relationships). The program's pace assumed that students would learn arts and sciences content elsewhere.

Babson favored a combination of class work and actual business training. Seasoned businessmen made up the majority of the faculty. To better prepare students for the realities of the business world, the institute's curriculum focused more on practical experience and less on lectures. Students worked on group projects and class presentations, observed manufacturing processes during field trips to area factories and businesses, met with managers and executives, and viewed industrial films on Saturday mornings.

The institute also maintained a business environment as part of the students' everyday life. The students, required to wear professional attire, kept regular business hours (8:30 a.m. to 5:00 p.m., Monday through Friday and 8:30 a.m. to noon on Saturday) and were monitored by punching in and out on a time clock. They were also assigned an office desk equipped with a telephone, typewriter, adding machine, and Dictaphone. Personal secretaries typed the students' assignments and correspondence in an effort to accurately reflect the business world. Roger Babson aimed to "prepare his students to enter their chosen careers as executives, not anonymous members of the work force."[10]

In 1969, Babson converted its three-year Bachelor of Science in Business Administration (BSBA) degree into a four-year Bachelor of Science (BS) degree. That same year, the institute became a college, and women were admitted for the first time.[11]

21st century[edit]

Babson is involved in a three college collaboration with Olin College and Wellesley College (a collaboration often referred to as BOW).[12][13]

Campuses[edit]

Wellesley Main Campus[edit]

The main residential campus of Babson College is 350 acres (1.4 km2) and located in the "Babson Park" section of Wellesley, Massachusetts, just fifteen miles west of Boston.[14] It is adjacent to the Franklin W. Olin College of Engineering. Undergraduate and graduate students have the opportunity to take advantage of campus amenities including the student center, the cafeteria, Horn Library, multiple centers and institutes, the Webster fitness center, the Weissman Foundry the arts center, and a new centennial park known as the Kerry Murphy Healey Park, home of the second-largest rotating globe in the world at 28 feet in diameter.[15]

Academics[edit]

Undergraduate program[edit]

Babson College offers all undergraduates a Bachelor of Science in Business Administration degree. Students are given the option to declare concentrations their junior and senior year from a broad range of subjects in various business and other fields. Programs are accredited by the Association to Advance Collegiate Schools of Business (AACSB)[16] and the college itself has been institutionally accredited by the New England Commission of Higher Education or its predecessor since 1950.[17]

Graduate program[edit]

Babson College offers master's degrees through its F. W. Olin Graduate School of Business, including a One-Year MBA Program, a Two-Year MBA Program, a 42-month Evening MBA Program and a Blended Learning MBA Program with campuses located in Boston, San Francisco and Miami. It also offers a Master's of Science in Entrepreneurial Leadership (MSEL), Business Analytics (MSBA), Finance (MSF) and a Certificate of Advanced Management (CAM).[18]

Academic rankings
National
WSJ/College Pulse[19]10
Global
U.S. News & World Report[20]1 (Entrepreneurship)

Rankings[edit]

Business School
International Rankings
U.S. MBA Ranking
Bloomberg (2024)[21]56
U.S. News & World Report (2024)[22]72
Global MBA Ranking
Financial Times (2024)[23]60

Babson's undergraduate school and MBA program have ranked #1 by the U.S. News & World Report for entrepreneurship, for 31 and 27 consecutive years respectively.[24] Over the 21st-century, it has also ranked first in entrepreneurship by CNN, CNBC, Fortune, Forbes, and Money, among others.[25][26][27][28]

In 2024, Babson ranked tenth on The Wall Street Journal's best colleges, ranking first for career preparedness.[29] Because Babson solely offers programs in business administration, many publications do not include the college in their overall rankings.[30]

Its alumni have a median salary of $171,000 USD, more than any other business program in the world.[31][32]

Student life[edit]

Arthur M. Blank Center
The Babson Globe

Student publications include a literary magazine[33] and the Babson Built Podcast.[34]

There are several fraternities and sororities on campus: Chi Omega, Delta Tau Delta, Kappa Kappa Gamma, Phi Delta Theta, Sigma Kappa and Sigma Phi Epsilon. There are also three professional business fraternities on campus: Delta Sigma Pi, Alpha Kappa Psi, and Phi Gamma Nu. Babson College Radio was started in 1998.[35]

Athletics[edit]

Babson's teams are known as the "Beavers" and its colors are green and white. The school has 23 varsity sports teams, the majority of which compete in the New England Women's and Men's Athletic Conference (NEWMAC) of the NCAA Division III.[36] One of Babson's flagship sports is baseball which has won 7 Conference Championships and been to 5 NCAA Tournaments, including the 2019 College World Series. Additionally, the men's soccer team has established a history of success with 3 NCAA National Championships, 27 NCAA tournaments wins and 12 conference championships. The men's and women's alpine ski teams compete in the United States Collegiate Ski and Snowboard Association (USCSA)[37] and the men's lacrosse team competes in the Pilgrim League. Babson College's men's hockey team competes in the Eastern College Athletic Conference (ECAC) and has won (1) NCAA D3 National title, (1) ECAC D2 title, six ECAC East Championships, appearing in the championship game in 9 of the last 12 seasons as of 2015.[38] Babson College's men's golf team competes in the New England Collegiate Conference (NECC) and won the title in 2011 giving them an automatic bid to the NCAAs. They were led by senior captain Joe Young who won NECC golfer of the year in 2011.[39] Babson United Rugby Club won Northeast region of NSCRO 7's in 2016. In 2019, the school completed construction of a new recreation and athletics center, a major facility supporting varsity, intramural and recreational sports and many other activities. In March 2017, Babson's basketball team won the Division III National Championship.[40]

Notable alumni[edit]

Business and athletics[edit]

Food and entertainment[edit]

Government, education, and other[edit]

Fashion and fitness[edit]

References[edit]

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  3. ^ "Logo / Brand Usage – Quick Reference guide OCTOBER 2013" (PDF). Babson College. Archived from the original (PDF) on April 13, 2018. Retrieved September 26, 2014.
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External links[edit]

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