Babson College
Former names
Babson Institute (1919–1969)
TypePrivate business school
EstablishedSeptember 3, 1919 (1919-09-03)
Endowment$662.4 million (2022)[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, Babson's central focus is on entrepreneurship education and its use in creating economic and social value.[4] The college was founded by Roger W. Babson as an all-male business institute and 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.[5] Its graduate school offers master's degrees.[6]

The college has additional campus locations both in the financial district in Boston and downtown Miami.[7] These campus spaces house various graduate programs. All undergraduate students study on the main, residential campus in Wellesley, Massachusetts.

History

20th century

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."[8]

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.[9]

21st century

Babson is involved in a three college collaboration with Olin College and Wellesley College (a collaboration often referred to as BOW).[10][11]

Campuses

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.[12] 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.[13]

Academics

Undergraduate

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 the Association to Advance Collegiate Schools of Business (AACSB)[14] and the college itself has been institutionally accredited by the New England Commission of Higher Education or its predecessor since 1950.[15]

Business Rankings
U.S. MBA
Bloomberg (2023)[16]56
U.S. News & World Report (2023)[17]72
Global MBA
Financial Times (2023)[18]60

In rankings, Babson was rated first among all colleges and universities in the nation by Money in 2014.[19] In 2015, the magazine ranked Babson number one in 10 Great Colleges for Business Majors.[20] Babson's MBA program was ranked 58th overall in the Bloomberg Businessweek 2014 rankings.[21] Babson's undergraduate business program is ranked 26th overall in the Bloomberg Businessweek 2014 rankings.[22] Babson's undergraduate Entrepreneurship program has been ranked number one for the past 17 years by U.S. News & World Report.[23] In their 2013–2014 salary report, Payscale.com ranked Babson College at number five of all U.S. colleges and universities, with an average mid-career salary of $123,000 and average starting salary of $59,700.[24] In 2012, Bloomberg Businessweek ranked Babson eleventh among U.S. schools based on return on investment.[25] CNN money ranked Babson eighth in their 2016 "Colleges with the highest-paid grads" rankings.[26][27]

Graduate

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).[28]

Student life

Arthur M. Blank Center
The Babson Globe

Student publications include a literary magazine[29] and the Babson Built Podcast.[30]

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.[31]

Athletics

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.[32] 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)[33] 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.[34] 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.[35] 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.[36]

Notable alumni

Business and athletics

Food and entertainment

Government, education, and other

Fashion and fitness

References

  1. ↑ "Business and Financial Services". Retrieved September 10, 2023.
  2. ↑ "Babson At A Glance". Retrieved September 10, 2023.
  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.
  4. ↑ College, Babson. "Mission, Vision, & Values". www.babson.edu. Retrieved October 10, 2023.
  5. ↑ College, Babson. "Academics". www.babson.edu. Retrieved October 10, 2023.
  6. ↑ College, Babson. "Find Your Program". www.babson.edu. Retrieved October 10, 2023.
  7. ↑ College, Babson. "Babson Miami". www.babson.edu. Retrieved October 10, 2023.
  8. ↑ "Babson College: History". babson.edu. Archived from the original on December 28, 2010. Retrieved January 20, 2011.
  9. ↑ College, Babson. "Timeline – Babson History". www.babson.edu. Archived from the original on August 26, 2017. Retrieved August 31, 2017.
  10. ↑ "Babson 100". Babson Centennial. Archived from the original on December 29, 2019. Retrieved January 22, 2020.
  11. ↑ "Babson/Olin/Wellesley | Three College Collaboration". bow3colleges.org. Archived from the original on May 17, 2014. Retrieved February 24, 2019.
  12. ↑ "About Babson". babson.edu. June 15, 2006. Archived from the original on December 27, 2010. Retrieved January 20, 2011.
  13. ↑ College, Babson. "Babson Globe". www.babson.edu. Archived from the original on January 23, 2022. Retrieved March 30, 2022.
  14. ↑ "AACSB: Accredited institutions". datadirect.aacsb.edu. Archived from the original on July 19, 2011. Retrieved January 20, 2011.
  15. ↑ "NEASC CIHE: Babson College". Retrieved August 31, 2017.
  16. ↑ "Best B-Schools". Bloomberg Businessweek.
  17. ↑ "2023 Best Business Schools Rankings". U.S. News & World Report.
  18. ↑ "Global MBA Ranking 2023". Financial Times.
  19. ↑ "The Best Colleges in America, Ranked by Value". Money.com. May 16, 2022. Archived from the original on January 27, 2022.
  20. ↑ Clark, Kim (December 9, 2015). "10 Great Colleges for Business Majors". Money.com. Archived from the original on April 20, 2021. Retrieved July 14, 2015.
  21. ↑ "Full-Time MBA Programs". BloombergBusinessWeek. 2014. Archived from the original on December 6, 2015. Retrieved March 5, 2017.
  22. ↑ "Undergraduate Business School Programs=Businessweek". Bloomberg. 2014. Archived from the original on December 6, 2015. Retrieved August 21, 2015.
  23. ↑ "College Ranking Lists > Entrepreneurship Rankings". U.S. News & World Report : Colleges. 2014. Archived from the original on July 17, 2014. Retrieved June 21, 2014.
  24. ↑ "Full List of Schools – PayScale College Salary Report 2013–14". Payscale. 2014. Archived from the original on November 12, 2014. Retrieved June 21, 2014.
  25. ↑ Lavelle, Louis (April 9, 2012). "College ROI: What We Found". Businessweek. Archived from the original on August 14, 2012. Retrieved June 21, 2014.
  26. ↑ Lobosco, Katie (September 20, 2016). "Colleges with the highest-paid graduates". CNN. Archived from the original on September 24, 2019. Retrieved April 5, 2019.
  27. ↑ "The Best Colleges in America 2022". Money.com. May 16, 2022. Archived from the original on July 8, 2022.
  28. ↑ "Graduate Business Masters Degrees". Babson College. 2016. Archived from the original on January 13, 2015. Retrieved August 28, 2016.
  29. ↑ "Babson Literary Magazine". babson.edu. June 15, 2006. Archived from the original on July 18, 2010. Retrieved January 20, 2011.
  30. ↑ "Babson Built Podcast". babson.edu. April 15, 2018. Archived from the original on October 28, 2019. Retrieved October 27, 2019.
  31. ↑ "www.cybertalk.com". March 1, 1998. Archived from the original on July 8, 2011. Retrieved January 20, 2011.
  32. ↑ "NEWMAC online". NEWMAC online. Archived from the original on February 8, 2011. Retrieved January 20, 2011.
  33. ↑ "Members". USCSA. Archived from the original on April 27, 2020. Retrieved March 11, 2020.
  34. ↑ "CAC East Championship Preview: No. 10/12 Men's Ice Hockey at No. 1/2 Norwich". Babson Athletics. March 5, 2015. Archived from the original on September 23, 2015. Retrieved August 21, 2015.
  35. ↑ "Babson Athletics". Babson Athletics. Archived from the original on December 10, 2011. Retrieved December 10, 2011.
  36. ↑ "Babson has huge athletics/recreation facility overhaul on tap – The Swellesley Report - News about Wellesley, Massachusetts". theswellesleyreport.com. July 4, 2017. Archived from the original on August 26, 2017. Retrieved August 31, 2017.
  37. ↑ "2009 Honorees, Arthur M. Blank Center for Entrepreneurship" Archived November 5, 2013, at the Wayback Machine, Babson.edu. Retrieved October 31, 2013
  38. ↑ GmbH, finanzen net. "Babson MBA Students Named Two of the World's 'Best & Brightest' by Poets & Quants". markets.businessinsider.com. Archived from the original on September 11, 2021. Retrieved September 11, 2021.
  39. ↑ PricewaterhouseCoopers. "Tim Ryan". PwC. Archived from the original on September 12, 2022. Retrieved September 12, 2022.
  40. ↑ "Great American Business Leaders of the 20th Century". Harvard Business School. January 19, 2018. Archived from the original on December 28, 2017. Retrieved January 19, 2018.
  41. ↑ "The Busiest Man in Poker". Harvard Magazine. November–December 2012. Archived from the original on January 20, 2018. Retrieved January 19, 2018.
  42. ↑ "GEO: Attempting a Culture of Success". Geo. Archived from the original on April 12, 2004. Retrieved June 16, 2021.
  43. ↑ "William Haydon Burns". Florida Department of State. Archived from the original on June 4, 2020. Retrieved November 22, 2019.
  44. ↑ "HRH Princess Marie". The Danish Monarchy. Archived from the original on November 25, 2017. Retrieved November 22, 2019.
  45. ↑ "New Leader Is Named for Medgar Evers College". New York Times. June 24, 2013. Archived from the original on February 26, 2018. Retrieved January 19, 2018.
  46. ↑ "Gainey confirmed by Senate for third star". U.S. Army News Release. March 20, 2008. Archived from the original on January 20, 2018. Retrieved January 19, 2018.
  47. ↑ "First female senior commander returns to Arsenal for Women's Equality Day speech". The Dispatch–Argus. September 4, 2016. Archived from the original on January 11, 2020. Retrieved January 19, 2018.
  48. ↑ "Liberia: Former Economic Advisor in Liberia, Lafayette Morgan Dies At 74". Liberian Observer. April 29, 2005. Archived from the original on October 13, 2012. Retrieved February 8, 2018.{{cite news}}: CS1 maint: bot: original URL status unknown (link)
  49. ↑ "Ocde traerá grandes oportunidades embajador de Colombia en Francia". El País. June 2, 2013. Archived from the original on January 20, 2018. Retrieved January 19, 2018.
  50. ↑ "Mesa history: Remembering Mayor Don Strauch". AZCentral USA Today. February 4, 2016. Archived from the original on February 17, 2023. Retrieved February 8, 2018.
  51. ↑ Grimes, William (May 10, 2017). "Jack Tilton, Art Dealer With an Eye for the New, Dies at 66". The New York Times. Archived from the original on August 14, 2017. Retrieved August 31, 2017.
  52. ↑ "They Got the Look" (PDF). Babson College. Archived from the original (PDF) on November 27, 2019. Retrieved November 27, 2019.
  53. ↑ "Italian Designer Enrico Marone Cinzano Creates Furniture With A Conscience". Forbes Magazine. June 13, 2016. Archived from the original on January 20, 2018. Retrieved January 19, 2018.
  54. ↑ "Count Alberto Marone Cinzano; Chairman of Vermouth Firm". Los Angeles Times. October 31, 1989. Archived from the original on November 27, 2019. Retrieved November 27, 2019.
  55. ↑ "Profiles Ruthie Davis MBA'93". Babson College. Archived from the original on November 27, 2019. Retrieved November 27, 2019.
  56. ↑ "About Ruthie Davis". Ruthie Davis. Archived from the original on November 27, 2019. Retrieved November 27, 2019.
  57. ↑ "A Successful Pose". The Washington Post. March 10, 1993. Archived from the original on February 26, 2018. Retrieved January 19, 2018.
  58. ↑ "Mohan Murjani, chairman, Murjani Group". The New York Times. October 26, 2008. Archived from the original on January 22, 2018. Retrieved January 22, 2018.
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