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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; 105 years ago (1919-09-03)
Endowment$739.5 million (2024)[1]
PresidentStephen Spinelli Jr.
Academic staff
306 full-time
Students3,989 (fall 2022)[2]
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
Websitebabson.edu

Babson College is a private business school in Wellesley, Massachusetts, United States specializing in entrepreneurship education. Founded in 1919 by Roger Babson, the college was established as the Babson Institute in his Wellesley home and initially granted one-year certificates. Babson College earned degree-granting authority from the Commonwealth of Massachusetts in 1947.

History

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20th century

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Academic rankings
National
WSJ/College Pulse[4]2
Business School
International Rankings
U.S. MBA Ranking
Bloomberg (2024)[5]56
U.S. News & World Report (2024)[6]72
Global MBA Ranking
Financial Times (2024)[7]60

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] The institute's curriculum focused on practical experience. Students observed manufacturing processes during field trips to area factories and businesses, and viewed industrial films on Saturday mornings.

The institute also maintained a business environment as part of the students' everyday life. Studentes kept regular business hours and were monitored by punching in and out on a time clock. They were assigned an office desk equipped with standard machines. 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."[8]

In 1969, Babson converted its three-year Bachelor of Science in Business Administration degree into a four-year Bachelor of Science degree. That same year, the institute became a college, and women were admitted for the first time.[9]

21st century

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Babson is involved in a three-college collaboration with Olin College and Wellesley College, often called BOW.[10][11]

Campus

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Pre-1950

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The Babson Institute at Roger and Grace Babson's former home on Abbott Road

Roger Babson purchased farmland in Wellesley, Massachusetts in 1921 to establish the permanent campus. This land became the foundation for the college’s growth and development. The campus has grown to over 350 acres (1.4 km2) and is located in the "Babson Park" section of Wellesley, Massachusetts, fifteen miles west of Boston.[12]

Babson began building its quadrangle with the construction of Babson Park Clubhouse (renamed Park Manor South) in 1925 and Park Manor Central in 1930. Babson built the Coleman Map Building in 1925 to house the "Great Relief Map."[13] Built on a spherical surface to match the Earth’s curvature, the map measured 63 by 46 feet, covering 3,000 square feet.

Academics

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Undergraduate program

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Babson College offers a Bachelor of Science in Business Administration. Students can choose from 24 concentrations in business and other fields during their junior and senior years.[14] Programs are accredited by the Association to Advance Collegiate Schools of Business (AACSB)[15] and the college itself has been institutionally accredited by the New England Commission of Higher Education or its predecessor since 1950.[16]

Graduate program

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The F.W. Olin Graduate School of Business at Babson College offers 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.[17] It also offers a Master's of Science in Entrepreneurial Leadership, Business Analytics, Finance, and a Certificate of Advanced Management.[18]

Rankings and reputation

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Babson's undergraduate school and MBA program have been ranked #1 by the U.S. News & World Report for entrepreneurship for several consecutive decades.[19]

In 2025, Babson ranked #2 on The Wall Street Journal's best colleges.[20] It is the #1 business school on Forbes' list of colleges with the highest earning graduates.[21] Because Babson only offers programs in business administration, many publications do not include the college in their overall rankings.[22]

The Babson Institute at its second location (1920-1922)

Babson is ranked 28th nationally for Return on Investment for Students by PayScale's 2024 rankings.[23]

Student life

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Arthur M. Blank Center
The Babson Globe

Student publications include a literary magazine[24] and the Babson Built Podcast.[25] Babson College Radio was started in 1998.[26]

In 2020, the Foundation for Individual Rights and Expression ranked Babson among the 10 worst schools for free speech, alledging that the college had fired an Adjunct Faculty Member because he posted on Facebook about Iran.[27] Also, student members of a fraternity were charged with harassment because in 2016, the day after he was elected president, they had driven through Wellesley with flags supporting Donald Trump.[28]

In addition to several fraternities and sororities on campus, Babson offers students with specific interests the chance to reside in Living-Learning Communities. A few of the special-interest communities include:

Community of Developers & Entrepreneurs (CODE)

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CODE (Community of Developers & Entrepreneurs) was founded in Fall 2015 to support Babson students interested in the intersection of technology and business.[29]

eTower

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Founded in 2001 by Andrew Foley ’03 and house in Van Winkle Hall, eTower was envisioned as a “living incubator” where student entrepreneurs could live, learn, and collaborate.[30]

Athletics

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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.[31] Babson's Baseball team has won 7 Conference Championships and been to 5 NCAA Tournaments, including the 2019 College World Series. Additionally, the men's soccer team have won 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)[32] and the men's lacrosse team competes in the Pilgrim League. Babson College's men's hockey team competes in the New England Hockey Conference (formerly called the ECAC East) and has won (1) NCAA D3 National title, (1) ECAC 2 title, six ECAC East Championships, appearing in the championship game in 12 of the last 20 seasons as of 2024.[33] Babson College's men's golf team competes in the New England Collegiate Conference (NECC) and won the title in 2011. Babson United Rugby Club won Northeast region of NSCRO 7's in 2016. In March 2017, Babson's basketball team won the Division III National Championship.[34]

Notable alumni

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Athletics

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Business

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Food and entertainment

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Government, education, and other

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Fashion and fitness

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References

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