Founded in 1919, Babson College is a private business school that offers bachelor’s degrees through its undergraduate program, as well as MBA and custom MS and MBA degrees through the F.W. Olin Graduate School of Business. Both programs are accredited by the AACSB International—The Association to Advance Collegiate Schools of Business, and the New England Association of Schools and Colleges. With small class sizes and a student to faculty ratio of just 14:1, the college also offers unique executive education programs that are designed to help companies through custom degree and credit programs, consortium programs, and open-enrollment programs. The most popular area of study at this college is Business/Management. Students are required to take half liberal arts courses and half business courses.
Although all undergraduate students graduate with a Bachelor of Science Degree, most incorporate one or more of the following fields in their studies: economics, accounting, entrepreneurship, international business, finance, management information systems, investment banking, management, marketing and quantitative methods. Students also have the option of planning their studies around one of twenty-five optional concentrations in both business and the liberal arts.
The college’s flagship Foundations of Management and Entrepreneurship course was recognized as the country’s most innovative entrepreneurship education course by the United States Association for Small Business and Entrepreneurship. Babson has also received the Theodore M. Hesburgh Award for its “Reinvention of Undergraduate Business Education.” U.S. News & World Report has ranked the MBA program #1 in entrepreneurship for 18 consecutive years, and the Executive Education program has been ranked one of the top executive education schools worldwide by BusinessWeek and the Financial Times.
Most Popular Fields of Study
Special study options offered at this school include accelerated programs, cross-registration with partner schools, independent study, field-based learning opportunities, a semester at sea program, internships, ROTC, liberal arts/career combination, self-designed majors, study abroad opportunities in 11 different countries, and an exchange student program.
All students are required to invent, launch, operate, and liquidate their own businesses with capital loaned to them by the school during their freshman year as part of Foundations in Management and Entrepreneurship, which is a seven-credit yearlong course. Each team donates 180 hours and all of their profits to the local community service agency of its choice.
The admission process is highly competitive. On average, admitted students rank in the top 10-15% of their high school classes, and have SAT scores that range from 1830-2070. Other factors include rigor of coursework, academic motivation, writing ability, involvement in extracurricular activities and/or work experience, as well as leadership experience. Interviews are optional and there is a nonrefundable application fee for all applicants. It is important to note that students must have completed a precalculus course before enrolling.
To begin the application process, all applicants should set up an account at the online application management portal. These accounts help students keep track of their application credentials and ensure that they receive important correspondence from the admission office during the process. Applicants may then use either the Babson application or the Common Application to apply. Applicants are encouraged to submit their applications online, although paper applications are also accepted. The college offers Early Decision, Early Action, and Regular Decision application plans.
Early Decision and Early Action applications are due in early November while the deadline for Regular Decision applications is in early January.
More than 40% of full-time undergraduate students receive some form of need-based financial aid. The average need-based scholarship or grant award is $26,193. Other forms of financial assistance that are available include loans. In order to be considered for financial aid, students must register and complete the CSS Profile at the College Board website. Early Decision and Early Action applicants must file this form by December 1. Regular Decision applicants must file the form by February 15. Students whose parents are self-employed or own a business or farm must also send a copy of the most recent year’s business tax return to the college’s Student Financial Services office. Students whose parents are separated or divorced will receive an e-mail notification to complete the Noncustodial PROFILE. All students applying for financial aid must also complete the Free Application for Federal Student Aid (FAFSA). The priority deadline for completing the FAFSA is February 15.
For more information, students and parents are encouraged to review the college’s website or contact the Student Financial Services at 781-239-4219 or via e-mail at firstname.lastname@example.org.
Student Financial Aid Details
The campus is home to more than 90 clubs, organizations, and teams. There are clubs and organizations that are devoted to a wide variety of interests. Student media outlets include a literary magazine and radio station. There are several fraternities and sororities that include Alpha Epsilon Pi, Chi Omega, Delta Tau Delta, Kappa Kappa Gamma, Sigma Kappa, Sigma Phi Epsilon, Tau Kappa Epsilon, and Theta Chi.
Eighty-five percent of undergraduates live on campus. Residential Services offers a variety of special interest housing including the Philanthropy Tower, the Liberal Arts Tower and the E-Tower, which is a competitive living and learning community for entrepreneurs. Other housing options include the I-Tower, the Healthy-Living Tower, the Sophomore Steering Tower, ONE Tower, and the Green Tower.
There are also numerous activities that students can attend on campus and in the local area. Students can go see a live band perform, watch a game at Roger’s Pub, watch a movie, attend a talent show, or view a theater performance at the Sorensen Center. Students can also attend conferences or shows by guests who have included Nobel Peace Prize winner John Hume, entrepreneur Steve Forbes, or comedian Jimmy Fallon. There also are frequent parties in Knight Auditorium, home sporting events, and outdoor festivals.
Student Enrollment Demographics
Student Graduation Demographics
The athletic teams are known as the “Beavers” and the school’s colors are green and white. There are twenty-two varsity sports teams, most of which compete in the New England Women’s and Men’s Athletic Conference (NEWMAC) as NCAA Division III. The men’s and women’s alpine ski teams compete in the United States Collegiate Ski & Snowboard Association (USCSA), the men’s lacrosse team competes in the Pilgrim League, and the men’s ice hockey team competes in the Eastern College Athletic Conference (ECAC). The golf program competed in the NEWMAC until the conference ended in 2005.
Notable alumni include:
- Michael J. Angelakis, CFO of Comcast Corporation
- Marc H. Bell, CEO of Penthouse magazine
- Terrell Braly, CEO of Cinebarre and founder of Quiznos
- Roger Enrico, former Chairman/CEO of PepsiCo and current Chairman of DreamWorks Animation SKG
- Arthur M. Black, founder of Home Depot and owner of the Atlanta Falcons
- Nora Sun, Granddaughter of Sun Yatsen and former American diplomat.
- Akio Toyoda, President/CEO of Toyota Motor Corporation
Elisabeth Bailey is a freelance writer and editor with particular interests in academics, food,and sustainability . She is also the author of A Taste of the Maritimes: Local, Seasonal Recipes the Whole Year Round and writes regularly for Canadian Farmers’ Almanac and the National Wildlife Federation. Elisabeth and her family live and enjoy great local food in Lunenburg, Nova Scotia.