The Academic Seal of Babson College
|Established||September 3, 1919|
|Endowment||$332 million |
|Provost||Alfred Nanni, Jr.|
|Academic staff||306 full-time|
|Location||Wellesley, Massachusetts, United States
350 acres (1.4 km2)
|Former names||Babson Institute (1919–1969)|
|Colors||Green and White
|Athletics||NCAA Division III|
|Sports||22 varsity sports|
|Mascot||Babson College Beaver|
Babson College is a private business school located in Wellesley, Massachusetts near Boston. Babson is consistently ranked number one in entrepreneurship education in the world. Founded in 1919, Babson centers its offering around entrepreneurship and offers bachelors and masters degrees. Babson is very selective, as the school currently has an undergraduate acceptance rate of 28%.
Babson is known for submersing its students in the entrepreneurial lifestyle and culture and for creating and educating existing and future entrepreneurs. Babson College currently offers 55 entrepreneurship-related undergraduate courses. Over the last five years, Babson's graduates have started 118 successful companies. The annual Babson Business Plan competition awards $75,000 in cash prizes and Babson students amass investments and other awards from competitions around the country.
100% of Babson's total undergraduate entrepreneurship faculty have started, sold, bought, or run a successful business. 927 individual mentors worked with students through an officially sponsored school program.
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.
Mr. 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."
Three College Collaboration
Babson is involved in a Three College Collaboration.
The Collaboration is a joint effort among:
The goals of the collaboration are to:
"Expand educational opportunities for students Develop interdisciplinary approaches to teaching and problem solving Facilitate faculty research and teaching projects across campuses Share best practices and collaborating in administrative functions The vision behind the Three College Collaboration is to provide our students with the creative and collaborative skills, knowledge, and ways of thinking needed to function successfully today and into the future. The global challenges of our time, which will define the world our graduates enter, are complex and inherently interdisciplinary, and require teamwork. Because of the distinctive strengths of each of the institutions involved and the leadership commitment from the three presidents, we are well poised to address these issues from varying perspectives and to engage students in cross-disciplinary and collaborative ways. The new collaboration moves beyond the activities of most consortia by taking advantage of the schools’ complementary curricula to create innovative approaches to student learning and problem solving and to provide all students with the tools to work across disciplines".
The Babson Globe
The 25-ton, 28-foot-diameter (8.5 m) 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 remains one of the largest ever built. (For the largest, see Eartha.)
Babson offers all undergraduates a bachelor of science degree in business management while the F. W. Olin Graduate School of Business at Babson College offers MBA degrees. Students are also given the option to declare concentrations their 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.
|Business School Ranking|
|U.S. undergraduate business|
|U.S. News & World Report||56|
In rankings, Babson was rated #1 among all colleges and universities in the nation by Money Magazine in 2014. Babson’s MBA program has been ranked #1 in entrepreneurship for 21 consecutive years by U.S. News & World Report, and is ranked #42 overall in the Bloomberg Businessweek 2012 rankings. Babson's undergraduate business program is ranked #26 overall in the Bloomberg Businessweek 2014 rankings. Babson's undergraduate Entrepreneurship program has been ranked #1 for the past 17 years by U.S. News & World Report. In their 2013–2014 salary report, Payscale.com ranked Babson College at #5 of all US colleges and universities, ahead of schools such as Stanford, 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 at #11 among US 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 #5 in their 2013 "Colleges with the highest-paid grads" rankings, higher than MIT, Stanford and any Ivy League school.
In 2013, there were a total of 2,844 students attending Babson, 2,015 of whom were undergraduates. Student publications include a literary magazine and there are several fraternities and sororities on campus: Alpha Epsilon Pi, Chi Omega, Delta Tau Delta, Kappa Kappa Gamma, Sigma Kappa, and Sigma Phi Epsilon. Babson College Radio was started in 2001. Babson offers a variety of special interest housing, such as the I-Tower, the Healthy-Living Tower, the Liberal Arts Tower, Origins of Necessary Equality, the Philanthropy Tower, the Sophomore Steering Tower, and the Green Tower.
Babson's mascot is the "Beavers" and its colors are green and white. Babson has twenty-two 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. In addition, the men's and women's alpine ski teams compete in the United States Collegiate Ski and Snowboard Association (USCSA), the men's ice hockey team competes in the Eastern College Athletic Conference (ECAC), and the men's lacrosse team competes in the Pilgrim League. 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.
- Ernesto Bertarelli: CEO of Serono, America's Cup Yacht Race Winner 
- Arthur M. Blank: Co-Founder of Home Depot and owner of the Atlanta Falcons 
- Terrell Braly: CEO of Cinebarre, founder of Quiznos
- Gustavo Cisneros: President/CEO of Organizacion Diego Cisneros 
- Matt Coffin: Founder and former President of LowerMyBills.com, sold for $380 million to Experian in 2005.
- Robert Davis[disambiguation needed]: Founder of Lycos, CEO/Managing General Partner at Highland Capital Partners 
- Roger Enrico: former Chairman/CEO of PepsiCo, currently Chairman of DreamWorks Animation SKG 
- Edsel Ford II: Director of Ford Motor Company
- Tom Georgens: CEO of NetApp 
- Daniel Gerber: Founder of Gerber Baby Foods
- William D. Green: CEO of Accenture
- Frederic C. Hamilton: Chairman/CEO of Hamilton Brothers Petroleum Corporation 
- David G. Mugar: CEO of Mugar Enterprises, Boston Philanthropist 
- Akio Toyoda: President and CEO of Toyota Motor Corporation
- Alberto Perlman: Founder and CEO of Zumba Fitness
- Mir Ibrahim Rahman: CEO of GEO TV
- Polina Raygorodskaya: Founder of Wanderu (company)
- Sara Gragnolati: Founder of CocoMama Foods
- Kathy Greer: Founder and Chairman of KGA, Inc.
- Jill Cartwright: Founder of Go GaGa
Government, athletics, and other
- Michael Bastian: American fashion designer
- Craig Benson: Chairman & CEO of Cabletron, former Governor of New Hampshire 
- W. Haydon Burns: Former Governor of Florida 1965–67
- Rudy Crew: Superintendent of Miami-Dade County Public Schools 
- Stephen Gaghan: Academy-Award Winning Screenwriter
- Bernard Lee: World ranked poker player, columnist for ESPN.com
- Ernest Dichmann Peek: U.S. Army Major General
- Scott Sharp: American race car driver, Indy Racing League champion 
- Jacob Sprague: Member of United States national rugby union team
- Nora Sun: Granddaughter of Sun Yat-sen and former American diplomat
- Alexandra Raisman: Olympic Gold Medalist – Gymnastic London 2012
- Christopher Anzivino: Former governor of Minnesota
- Ajay Bam: Lecturer, University of California, Berkeley
Notes and references
- As of June 30, 2014. "Babson College Financial Facts" (PDF).
- "Logo / Brand Usage - Quick Reference guide OCTOBER 2013". Babson College. Retrieved 26 September 2014.
- "Babson College: History". babson.edu. Archived from the original on December 28, 2010. Retrieved January 20, 2011.
- "Olin College: Babson/Olin/Wellesley Three College Collaboration". bow3colleges.org. 2014. Retrieved 21 June 2014.
- "About Babson". babson.edu. June 15, 2006. Archived from the original on December 27, 2010. Retrieved January 20, 2011.
- "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.
- "AACSB: Accredited institutions". datadirect.aacsb.edu. Retrieved January 20, 2011.
- NEASC CIHE: Babson College
- "Business School Rankings and Profiles: Undergraduate". Bloomberg Businessweek. 2012. Retrieved 2011-01-19.
- "Business School Rankings and Profiles: MBA". Bloomberg Businessweek. 2012. Retrieved 2012-01-19.
- "Best Business Schools". U.S. News & World Report. 2012. Retrieved 2012-03-13.
- "The World's Best Business Schools". Business Insider. 2013. Retrieved 2014-01-12.
- "Global MBA Rankings". Financial Times. 2014. Retrieved 2014-02-11.
- "Entrepreneurship – Best Business Schools". U.S. News and World Report. Retrieved March 13, 2012.
- "The Complete 2012 Business Schools Ranking". BloombergBusinessWeek. November 15, 2012. Retrieved November 27, 2012.
- "Top Business School Rankings: MBA, Undergrad, Executive & Online MBA". Businessweek. 2014. Retrieved 21 June 2014.
- "College Ranking Lists > Entrepreneurship Rankings". U.S. News & World Report : Colleges. 2014. Retrieved 21 June 2014.
- "Full List of Schools - PayScale College Salary Report 2013-14". Payscale. 2014. Retrieved 21 June 2014.
- Lavelle, Louis (9 April 2012). "College ROI: What We Found". Businessweek. Retrieved 21 June 2014.
- Christie, Les (September 12, 2013). "Colleges with the highest-paid graduates". CNN.
- "Babson College". U.S. News & World Report : Colleges. 2014. Retrieved 21 June 2014.
- "''Babson Literary Magazine''". babson.edu. June 15, 2006. Retrieved January 20, 2011.
- "www.cybertalk.com". March 1, 1998. Retrieved January 20, 2011.
- "NEWMAC online". NEWMAC online. Archived from the original on February 8, 2011. Retrieved January 20, 2011.
- "HOME". USCSA. Archived from the original on February 1, 2011. Retrieved January 20, 2011.
- "Babson Athletics". Babson Athletics. Retrieved December 10, 2011.
- "Forbes World's Richest People 2005". Forbes.com. February 11, 2005. Retrieved January 20, 2011.
- "Blankm, Arthur – Athlete and Scholar, Foregoes Family Business, Life after the Depot". Referenceforbusiness.com. Retrieved January 20, 2011.
- http://www.rre.com/senioradvisors.cfm[dead link]
- 2009 Honorees, Arthur M. Blank Center for Entrepreneurship, Babson.edu. Retrieved October 31, 2013
- "Babson College – Robert Davis". .babson.edu. June 15, 2006. Retrieved January 20, 2011.
- "Roger Enrico 1944— Biography – Two early lessons, Enters the cola wars, Turns attention to foods and restaurants". Referenceforbusiness.com. Retrieved January 20, 2011.
- Robert Reiss. "Thomas Georgens Profile - Forbes.com". People.forbes.com. Retrieved January 20, 2011.
- Accenture. "Biography of Accenture Chairman & CEO William D. Green". accenture.com. Retrieved January 20, 2011.
- "Babson College – Members of the Academy". babson.edu. June 15, 2006. Archived from the original on December 29, 2010. Retrieved January 20, 2011.
- "Babson College – Frederic C. Hamilton". babson.edu. June 15, 2006. Retrieved January 20, 2011.
- "Alumni Directory, now The Babson Connection". fusionmx.babson.edu. Retrieved January 20, 2011.
- http://www.geo.tv/anniversary/1st/english/page4.htm[dead link]
- "Craig Benson". Nndb.com. Retrieved January 20, 2011.
- "Office of the Superintendent – Miami-Dade County Public Schools". Dadeschools.net. Retrieved January 20, 2011.
- "Foxwoods hires Bernard Lee as ‘official poker spokesman’ - BostonHerald.com". News.bostonherald.com. February 9, 2010. Retrieved January 20, 2011.
- Pennington, Bill (May 25, 2001). "AUTO RACING; Sharp's Bargain Has Paid Off – New York Times". Nytimes.com. Retrieved January 20, 2011.
- "Babson United Rugby Club". Babsonrugby.org. Retrieved January 20, 2011.
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