Babson College is a private business school in Wellesley, Massachusetts. Established in 1919, its central focus is on entrepreneurship education. It was founded by Roger W. Babson as an all-male business institute but is now coeducational.
|Established||September 3, 1919|
|Endowment||$459.4 million (2019)|
|President||Stephen Spinelli Jr.|
|Provost||Mark P. Rice|
|Dean||Ian Lapp (undergraduate)|
Keith Rollag (graduate)
350 acres (1.4 km2)
|Colors||Green and white|
|Athletics||NCAA Division III|
|Sports||22 varsity sports|
|Mascot||Biz E. Beaver|
The Babson Institute
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. 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."
In 1969, the Babson Institute's three-year bachelor of science in business administration, still for young men only, became a four-year bachelor of science degree, the Institute became a College and women were admitted for the first time.
Wellesley Main Campus
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. 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. Executive and Enterprise Education visitors have the opportunity to stay in guest rooms adjacent to the meeting center.
The Babson Boston classroom and event space, located at 100 High Street, gives Babson a presence in downtown Boston and connects the resources of the College with the innovative companies, organizations and leaders in Boston's Financial District. Opened in 2016, this facility provides the opportunity to offer MBA courses in a location convenient to where entrepreneurial students live and work. Over the course of the academic year, there are opportunities at the Boston location for students to engage with Babson offices and resources, including graduate programs, the Graduate Center for Career Development, Graduate Admissions and the College's alumni network. From 2011 to 2016, Babson Boston campus was at 253 Summer Street in Boston's Innovation District.
Babson San Francisco
Babson San Francisco expands Entrepreneurial Thought and Action to the West Coast through Babson's Blended Learning MBA program, an undergraduate semester experience and custom executive education, while connecting Babson students, faculty and alumni to the broader entrepreneurial ecosystem of the Bay Area.
In July 2017, President Kerry Healey announced Babson's plans to expand to Miami, Florida, where the Blended Learning MBA, Master of Science in Business Analytics (MSBA) and Certificate in Advanced Management (CAM), three graduate programs are offered. Babson's new hub in Miami is located at 1200 Brickell Avenue.
Babson College offers all undergraduates a bachelor of science degree. Students are also 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 Association to Advance Collegiate Schools of Business (AACSB) and the College itself has been regionally accredited by the New England Association of Schools and Colleges (NEASC) since 1950.
Babson College also offers a study abroad they have created. The program is called "BRIC: The Cornerstone of the New Global Economy" and is offered to Juniors as well as Seniors in the fall semester of the academic year. During the program a number of students, around 26, visit and study in Russia, China and India. In each country, students study a variety of classes covering different topics.
|Business school rankings|
|U.S. News & World Report||65|
In rankings, Babson was rated first among all colleges and universities in the nation by Money Magazine in 2014. In 2015, the magazine ranked it second just behind Stanford University. Babson's MBA program has been ranked number one in entrepreneurship for twenty-one consecutive years by U.S. News & World Report and is ranked 58th overall in the Bloomberg Businessweek 2014 rankings. Babson's undergraduate business program is ranked 26th overall in the Bloomberg Businessweek 2014 rankings. Babson's undergraduate Entrepreneurship program has been ranked number one for the past 17 years by U.S. News & World Report. In their 2013–2014 salary report, Payscale.com ranked Babson College at number five of all U.S. colleges and universities, ahead of schools such as Stanford, University of Pennsylvania, Harvard, Dartmouth, Columbia and Yale. This ranking represents an average mid-career salary of $123,000 and average starting salary of $59,700. In 2012, Bloomberg Businessweek ranked Babson eleventh among U.S. schools based on return on investment. Babson is the highest ranking private business college. The others are either major universities or engineering schools. CNN money ranked Babson eighth in their 2016 "Colleges with the highest-paid grads" rankings.
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).
In 2019, 3,663 students attended Babson, 3,229 of whom were undergraduates.
There are several fraternities and sororities on campus: Chi Omega, Delta Tau Delta, Kappa Kappa Gamma, Sigma Kappa and Sigma Phi Epsilon. There are also two professional business fraternities on campus: Delta Sigma Pi and Alpha Kappa Psi. Babson College Radio was started in 1998.
Babson offers a variety of special interest housing, such as CODE (Community of Developers and Entrepreneurs), theStudio (the housing associated with CREATE, the arts-based student club), E-Tower, ONE Tower: Origins of Necessary Equality, GIVE Tower, Healthy Living Tower and Women Giving Back Tower.
Babson's teams are known as the "Beavers" and its colors are green and white. The school has 22 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. One of Babson's flagship sports is soccer with both the men's and women's teams regularly sitting atop their divisions and often in the hunt for conference and national championships. The men's soccer team has established a legacy of success with 3 NCAA National Championships, 27 NCAA tournaments wins and 12 conference championships. The team also turns out an exceptionally high number of all stars when compared to schools of similar size. In addition, the men's and women's alpine ski teams compete in the United States Collegiate Ski and Snowboard Association (USCSA) 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 six ECAC East Championships, appearing in the championship game in 9 of the last 12 seasons as of 2015. Babson College'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. Babson United Rugby Club won Northeast region of NSCRO 7's in 2016. In 2017, the school will begin construction of the Babson Recreation and Athletics Center, a major new facility that will support varsity, intramural and recreational sports and many other activities by the fall of 2019. In March 2017, Babson's basketball team won the Division III National Championship.
Business and athletics
- Ernesto Bertarelli '89: Swiss businessman
- Arthur M. Blank '63 H'98: co-founder, former CEO of The Home Depot
- Peter Boss MBA '10: race car driver
- Edward Maurice Bronfman '50 (1927 - 2005): businessman, founder of Edper Investments
- Matt Chatham MBA '11: Former NFL linebacker with the New England Patriots
- Anthony Chiasson '95: Hedge fund manager
- Matt Coffin '90: founder and former President of LowerMyBills.com
- Andrónico Luksic Craig '76: businessman
- Bob Davis MBA '85: founder and CEO of Lycos
- Edsel Bryant Ford II '73 H'00: Board Director of the Ford Motor Company
- William D. Green '76 MBA '77 H'07: Former Chairman and CEO of Accenture
- Frederic C. Hamilton '48 H'98 MP'82 (1927 - 2016): oil pioneer
- Peter R. Kellogg '64: financial broker
- Will Langhorne '95: Former race car driver
- Peter E. Madden '64 P'04 Honorary Trustee: Former President of the State Street Corporation
- Charles Dean Metropoulos '67 MBA '68: Co-owner of Hostess Brands and former owner of Pabst Brewing Company
- Geoffrey Eric Molson MBA '96: Co-owner, President and CEO of the Montreal Canadiens
- David G. Mugar '62: businessperson
- Gunnar S. Overstrom Jr. '65 (1942 - 2001): Former Vice Chairman of FleetBoston Financial
- Aly Raisman Olympic gold medalist for United States women's national gymnastics team
- Scott Sharp '90: race car driver
- Jamie Siminoff '99: businessperson
- Jacob Sprague '07: rugby player
- Akio Toyoda MBA '82 MP' 14: President and CEO of Toyota Motor Corporation
Food and entertainment
- Marc Bell '89: entrepreneur
- Terrell Braly '77: founder of Quiznos
- Gustavo Cisneros '68 H'19: President/CEO of Organizacion Diego Cisneros
- Roger Enrico '65 H'86 (1994 - 2016): former CEO of PepsiCo and DreamWorks Animation SKG
- Stephen Gaghan '88: screenwriter
- Daniel Frank Gerber '20 H'67 (1898 - 1974): founder of Gerber Products Company
- Bernard Lee MBA '99: professional poker player
- John LeFevre '01: former Citibank banker
- Mir Ibrahim Rahman '00: CEO of GEO TV
- Grace Wong '79: television actress, model
Government, education, and other
- Craig Robert Benson '77, businessperson, former Governor of New Hampshire
- Vincent E. Boles MBA '88: Major General US Army
- W. Haydon Burns '34 (1912 - 1987): 35th Governor of Florida, 1965–67 and 35th Mayor of Jacksonville, Florida, 1949-1965
- Princess Marie of Denmark: Attended 1995-97
- Rudy Crew '72 H'96: President of Medgar Evers College
- Kathleen M. Gainey MBA '89: Lieutenant General US Army
- James A. Lewis '58 (1932 - 1997): American politician
- Patricia E. McQuistion MBA '88: Lieutenant General US Army
- Lafayette Morgan '58 (1931 - 2005): Former Economic Advisor of Liberia
- Ernest Dichmann Peek '29 (1878 - 1950): Major General, U.S. Army
- Gustavo Adolfo Carvajal Sinisterra MBA '84: The 24th Ambassador of Colombia to France
- Don Strauch '49 (1926 - 2016): Former Mayor of Mesa, Arizona
- Jack Tilton (1951-2017) '74 P'09: art dealer
Fashion and fitness
- Michael Bastian '87: Founder of American menswear firm MICHAEL BASTIAN whose majority stake was acquired in 2016 by brand management firm Bluestar Alliance LLC whose annual brand retail sales exceed $3 billion
- Count Enrico Marone Cinzano '85: Artist, furniture designer and member of Italy’s prominent Cinzano liquor family
- Ruthie Davis MBA '93: Founder, President and Designer of the fashion and footwear firm RUTHIE DAVIS
- Natasha Esch '93: Former President of Wilhelmina Models
- Mohan Murjani '67: As Chairman of the Murjani Group developed, launched and built the Tommy Hilfiger (company) as well as Gloria Vanderbilt fashion empires
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