Babson College

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Babson College
Motto: Innovation is our Tradition
Established September 3, 1919
Type: Private
President: Brian M. Barefoot
Faculty: Approximately 250
Undergraduates: Approximately 1,800
Postgraduates: Approximately 1,500
Location Babson Park, MA, USA dd
( 42°17′53.63″N, 71°15′40.29″W)
Campus: Suburban
Endowment: $225 Million (2007)
Mascot: Beaver
Website: www.babson.edu

Babson College, located in Wellesley, Massachusetts (zoned as "Babson Park," ZIP code 02457),[1] is a private business school that grants all undergraduates a Bachelor of Science in Business Administration. The F. W. Olin Graduate School of Business at Babson College offers MBA degrees. Babson is associated with the nearby Franklin W. Olin College of Engineering, located in Needham, Massachusetts. Programs are accredited by AACSB and the New England Association of Schools and Colleges.

The college has been named #1 in the "Entrepreneurship" category of the U.S. News & World Report annual college rankings for 12 years in a row (since the ranking was established).

In the 2007-2008 academic year, approximately 1,800 undergraduate and 1,600 graduate students attended Babson, representing more than 48 states and 75 countries. About 25 percent of the undergraduates and 16 percent of the graduate students are from outside the United States. Approximately 50% of Babson's Two-Year MBA class of 2008 are international students.


Contents

Babson College was founded by Roger Babson on September 3, 1919, as the "Babson Institute." It was renamed "Babson College" in 1969.

In 1992, the radical new curriculum of Babson's Graduate School of Business made headlines in the Boston Globe, which wrote that in fall of 1993 the school: "will scrap its first-year curriculum, throwing out traditional courses such as marketing, organizational behavior and finance. In their place will be five sequential "modules" that track the life of a typical business; students will be taught functional skills only when they need them to solve a particular problem—a "just in time" approach to learning."

The undergraduate curriculum integrates business disciplines and liberal arts into foundation, intermediate, and advanced-level courses. All first-year students participate in Foundations of Management and Entrepreneurship (FME), a yearlong immersion into the world of business where student teams create their own for-profit ventures. At the completion of FME, the businesses are liquidated and any profits are donated to a charity of choice. Babson teaches accounting, marketing, finance, management operations, organizational behavior, strategy and economics in two integrated courses known as Organizing for Effective Management (OEM) and Managing in a Competitive Environment (MCE). As part of the Advanced Program, students design their own learning plans, which can consist of upper-level elective courses in liberal arts and management, field-based experiences, and cocurricular activities.

Babson features four degree programs, all using Babson's modular approach and emphasizing the practical application of business ideas.

  • Two-Year MBA program: it includes field-based experience working on business problems for client companies.
  • One-Year MBA Program: an accelerated full-time MBA program is for students with an undergraduate business degree and at least two years of post-graduate work.
  • Evening MBA program: its eight-course core includes four cross-disciplinary classes that teach holistic thinking about complex management situations.
  • Fast Track MBA Program: In January 2003, Babson introduced a part-time program combining traditional classroom instruction with Web-based, distance learning. The program can be completed in 24 months. Students attend classes on-campus during intensive, two-and-a-half day sessions once each month.
  • Executive education: Babson Executive Education offerings include custom programs, open enrollment programs, consortium programs, applied research centers.

Kaplan/Newsweek

  • named Babson College the “Hottest for Business” for the Kaplan/Newsweek 2008 “How To Get Into College” Guide among its “25 Hottest Schools In America”

U.S. News & World Report - Undergraduate

  • #1 in Entrepreneurship (1995, 96, 97, 98, 99, 00, 01, 02, 03, 04, 05, 06, 07) (the only years for this ranking)
  • #27 in Best Business Programs category (2007); top ranked small, private business college
  • #17 in International Business category (2007)
  • #24 in Management category (2005)
  • #23 in Real Estate (2006)
  • #10 in Best Internships/Co-op category (2002).

U.S. News & World Report - MBA

  • #1 in Entrepreneurship (1994-2007)
  • The full-time MBA program ranked #41 among the top programs in the country (2007)
  • The part-time Evening MBA ranked #22 in the country (2005)
  • The full-time MBA program ranked #23 in the general management category (2002)

Business Week - Undergraduate

  • Ranked #33 among U.S. undergraduate business programs; 5th in academic quality; A+ in teaching quality (2007)
  • Five students recognized by Businessweek among 25 most successful entrepreneurs under the age of 25

Business Week - MBA

  • F.W. Olin Graduate School of Business ranked in Second-Tier MBA programs (2006)
  • F.W. Olin Graduate School of Business ranked #26 among U.S. MBA programs (2004)

Business Week - Executive Education

  • #11 in U.S. and #18 worldwide for custom programs (2005)
  • Among the top 20 for non-degree study (1991, 93, 97, 99)
  • #1 in Entrepreneurship (1999): 1-Babson; 2-Wharton; 3-Harvard; 4-Stanford; 5-Dartmouth
  • Among top five programs worldwide for entrepreneurship (2001)

Wall Street Journal - MBA

  • Top 50 regional program - #21 (2007) #35 (2006)
  • #2 for Entrepreneurship (2007, 2006, 2004, 2003), up from #3 (2002, 2001)
  • #9 for “M.B.A. program producing the most creative and innovative students” (2007)
  • #1 among "Hidden Gems" – "lower profile schools whose graduates sparkle." (2001, 2002, 2003)
  • #1 in Student Entrepreneurial Skills. Babson received "the highest number of perfect scores" from recruiters for its students’ entrepreneurial skills (2001)
  • 51+ tier nationally (2002, 2003)

Financial Times - MBA

  • #1 worldwide among MBA Programs in Entrepreneurship (2006)
  • #48 among U.S. MBA Programs (2006)
  • Among top six MBA programs in New England (2006)

Financial Times - Executive Education

  • # 9 in the world

Custom Programs

  • #8 overall
  • #4 for Star Faculty
  • #5 for Future Use

Open Enrollment

  • #11 overall (#7 in the U.S.)
  • #2 for Star Faculty
  • #7 worldwide for food and accommodations

America Economia - MBA

  • #21 for U.S. programs, #33 in the world (2007);
  • #1 in Entrepreneurship (2007)

Entrepreneur magazine

  • #1 in Entrepreneurship among national/regional programs (ranked by program directors, faculty, and alumni) (2004, 2005, 2007)
  • #1 Program Directors -- Professors William Bygrave, Stephen Spinelli, and Jeffry Timmons (ranked by peers) (2004, 2005)

Princeton Review - Annual College Rankings, The Best Colleges

  • Top 20 most connected (2003)
  • Professors ranked #1 by students
  • Ranked #2 by students in interaction of diverse population.
  • Among best colleges 2006, 2005, 2004, 2003, 2002, 2000, 2001
  • Among best Northeastern colleges 2006, 2005

Princeton Review - Best Business Schools (MBA)

  • #1 program - "Greatest Opportunity for Women” category (2006, 2005, 2004)
  • Among best MBA programs 2006, 2005, 2004

CosmoGIRL!

  • Among the “50 Best Colleges for Girls” (2005, 2004)
  • Best Food (2005)

Hispanic Trends magazine

  • Top 25 MBA Programs for Hispanics (2005)

Black Enterprise magazine

  • Named one of the top 50 colleges for African Americans (#23)

The Unofficial, Unbiased Guide To The 328 Most Interesting Colleges

  • Among the Undergraduate program 2004, 2003, 2002

Success magazine

  • MBA #1 on the Entrepreneurial Dean’s List in their Top 50 Business Schools for Entrepreneurs (2001).

Economist Intelligence Unit

  • MBA Program #67 worldwide, #38 in U.S. (2002)

Kiplinger magazine's Best Values In Private Colleges

  • Among the Top 100 colleges in 2004

Entrepreneurs & Corporate Leaders

Government & Public Service

Other

  • Amnesty International
  • Babson Billiards Club
  • Babson Cheerleaders
  • Babson Chess Club
  • Babson Chamber of Commerce
  • Babson Christian Fellowship
  • Babson College Fund (an academic program in which select students manage a portion of the college endowment)
  • Babson College Radio
  • Babson Conservatives
  • Babson Consulting Club
  • Babson Cricket Club
  • Babson Culinary Arts
  • Babson Cycling Club
  • Babson Dance Ensemble
  • Babson Entrepreneurial Exchange
  • Babson Emerging Markets Club (BEM)
  • Babson Entrepreneurial Teaching Alliance
  • Babson Fine Arts Appreciation
  • Babson Free Press
  • Babson Hillel
  • Babson Improv Group
  • Babson Investment Banking Association
  • Babson Investment Management Association
  • Babson Literary Magazine
  • Babson Luxury an Fashion Association
  • Babson Martial Arts Club
  • Babson Musicians Union
  • Babson Outdoors Association
  • Babson Players
  • Babson Republicans
  • Babson United Rugby
  • Babsonian Yearbook
  • Bowling Club
  • Financial Management Association
  • Colleges Against Cancer
  • GLEE (Gays Lesbians and Everybody Else)
  • Habitat for Humanity
  • Hacki-Sack Club

  • AMAN-SASA (South Asian Student Association)
  • Babson Asian Pacific Student Association
  • Babson Brazilian Association
  • Babson Francophone Society
  • Babson Korean Student Association
  • Babson Russian Club
  • Black Student Union
  • Japan International Circle
  • Transatlantic Community
  • Young Black Entrepreneurs

  • Babson Christian Fellowship
  • Babson Friends of Israel
  • Babson Islamic Organization
  • Babson Olin Catholic Association
  • Babson Hillel

Babson College is a competitive institution. Approximately 36% of regular applicants and 45% of early decision applicants are accepted. Acceptance rates for early action candidates are not published.

Babson's "E-Tower" is an alternative housing option for entrepreneur students. Started in 2001, the building is a meeting place for brainstorming sessions, dinners with entrepreneurs, and other activities designed to foster an entrepreneurial community.

Babson's "I-Tower" is a special-interest housing unit that focuses on finance and investing by exposing its members to the American and international equity markets. One of iTower’s primary purposes is to foster an environment in which students help one another on the path to a career in the finance/investing industry

Babson College Radio, started by Adam Berger B'01 and Jacob Walker B'01 was the first web-based internet college radio station in the country.

Babo, the colorful student term for Public Safety.

Babson College has eleven Varsity Men's and eleven Varsity Women's intercollegiate athetic teams. All teams compete within the The New England Women's and Men's Athletic Conference (NEWMAC) which is an association of ten selective institutions of higher learning that provide high quality, competitive athletics for student-athletes within an educational and respectful environment that exemplifies the philosophy of NCAA Division III athletics.

The school's mascot is the animal, the Beaver.

The 25-ton, 28-foot diameter Babson Globe is a notable campus landmark. Built in 1955 by Roger Babson at a cost of $200,000, it originally rotated both on its axis and its base, demonstrating both day and night and the progression of the seasons.

It was allowed to deteriorate; the facing tiles fell off in 1984, and by 1988 it had the appearance of a rusty sphere. The Babson administration announced that it would be destroyed, but outraged students, faculty and alumni began a drive to raise money for its restoration. In 1994 the globe itself was refurbished, though it no longer rotates. It was for many years the largest rotating globe in the world and, as of 2005, the second-largest one ever built. (For the largest, see Eartha).

The former Coleman Map Building, now Coleman Hall, once housed a very large relief map of the United States, but according to the college it was destroyed circa 1997 when the building was remodelled into student housing. This map, built to a scale of four miles to the inch, was cast in sections in plaster and set up on a spherical surface. It was used to illustrate the effects of geophysical features on commercial and political decision-making. In the center was a large circle marking a region supposedly safe from aerial bombardment. Small light bulbs indicated the locations of major cities, which could be switched on and off at the viewer's discretion. The map took from 1925 to 1940 to complete, and was a noted tourist attraction.

  • "Remaking the MBA: Babson College Curriculum may become Business School Prototype." Paul Hemp, Boston Globe, August 23, 1992 p. 33
  • "Students Try to Save Babson's Rusty Globe," Associated Press, Boston Globe, August 6, 1989 p. 30
  • The Babson World Globe Description from Babson's website. Calls it "capable" of rotating but this refers to the globe as built, not to its current state.
  • World's Largest World is a World again Roadside America. Has image. Article appears to contain inaccuracies; globe does not rotate, and "odd monuments in the vicinity" are not at Babson; see Gravity Research Foundation.
  1. ^ http://www.babson.edu/About/


v • d • e
Colleges and universities in metropolitan Boston
Babson College · Bay State College · Benjamin Franklin Institute of Technology · Bentley College · Berklee College of Music · Boston Architectural College · Boston Baptist College · Boston College · Boston Conservatory · Boston University · Brandeis University · Bunker Hill Community College · Cambridge College · Curry College · Eastern Nazarene College · Emerson College · Emmanuel College · Fisher College · Harvard University · Hebrew College · Hellenic College · Laboure College · Lasell College · Lesley University · Massachusetts Bay Community College · Massachusetts College of Art · Massachusetts College of Pharmacy and Health Sciences · Massachusetts Institute of Technology · Mount Ida College · Newbury College · New England College of Optometry · New England Conservatory of Music · New England Institute of Art · New England School of Law · Northeastern University · Franklin W. Olin College of Engineering · Pine Manor College · Quincy College · Regis College · Roxbury Community College · St. John's Seminary · School of the Museum of Fine Arts · Simmons College · Suffolk University · Tufts University · University of Massachusetts Boston · Urban College of Boston · Wellesley College · Wentworth Institute of Technology · Wheelock College

Coordinates: 42°17′53.63″N, 71°15′40.29″W

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