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Former names | Babson Institute (1919–1969) |
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Type | Private business school |
Established | September 3, 1919 |
Endowment | $686 million (2024)[1] |
President | Stephen Spinelli Jr. |
Academic staff | 306 full-time |
Students | 3,989[2] (fall 2022) |
Undergraduates | 2,800 |
Postgraduates | 1,200 |
Location | , , United States 42°17′53.63″N 71°15′40.29″W / 42.2982306°N 71.2611917°W |
Campus | Suburban, 350 acres (1.4 km2) |
Colors | Green and white[3] |
Nickname | Beavers |
Sporting affiliations | NCAA Division III |
Mascot | Biz E. Beaver |
Website | www |
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Babson College is a private business school in Wellesley, Massachusetts. It was established in 1919 by Roger W. Babson as an all-male business institute and became coeducational in 1970.
History
[edit]20th century
[edit]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 provided intensive training in the fundamentals of production, finance and distribution in one academic year.
The institute's curriculum focused on practical experience. 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 and were monitored by punching in and out on a time clock. They were also assigned an office desk equipped with machiners standard at the time. 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."[4]
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.[5]
21st century
[edit]Babson is involved in a three-college collaboration with Olin College and Wellesley College (a collaboration often referred to as BOW).[6][7]
Campuses
[edit]Wellesley Main Campus
[edit]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.[8]
Academics
[edit]Undergraduate program
[edit]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.[9] Programs are accredited by the Association to Advance Collegiate Schools of Business (AACSB)[10] and the college itself has been institutionally accredited by the New England Commission of Higher Education or its predecessor since 1950.[11]
Graduate program
[edit]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.[12] It also offers a Master's of Science in Entrepreneurial Leadership, Business Analytics, Finance, and a Certificate of Advanced Management.[13]
Rankings and reputation
[edit]Business School International Rankings | |
---|---|
U.S. MBA Ranking | |
Bloomberg (2024)[14] | 56 |
U.S. News & World Report (2024)[15] | 72 |
Global MBA Ranking | |
Financial Times (2024)[16] | 60 |
Babson's undergraduate school and MBA program have ranked #1 by the U.S. News & World Report for entrepreneurship[17]
In 2024, Babson ranked tenth on The Wall Street Journal's best colleges, ranking first for career preparedness.[18] Because Babson solely offers programs in business administration, many publications do not include the college in their overall rankings.[19]
Student life
[edit]![](Https://upload.wikimedia.org/wikipedia/commons/thumb/9/92/The_Babson_World_Globe.jpg/220px-The_Babson_World_Globe.jpg)
Student publications include a literary magazine[20] and the Babson Built Podcast.[21] There are several fraternities and sororities on campus. Babson College Radio was started in 1998.[22]
Athletics
[edit]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.[23] 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)[24] 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[update].[25] 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.[26]
Notable alumni
[edit]Business and athletics
[edit]- Ernesto Bertarelli '89: Swiss businessman
- Arthur M. Blank '63 H'98: co-founder, former CEO of The Home Depot
- Peter Boss MBA '10: race car driver
- Edward Maurice Bronfman '50 (1927–2005): businessman, founder of Edper Investments
- Matt Chatham MBA '11: former NFL linebacker with the New England Patriots
- Anthony Chiasson '95: hedge fund manager
- Matt Coffin '90: founder and former President of LowerMyBills.com[27]
- Andrónico Luksic Craig '76: businessman
- Bob Davis MBA '85: founder and CEO of Lycos
- Edsel Bryant Ford II '73 H'00: Board Director of the Ford Motor Company
- Scott Fraser MBA '05, former NHL hockey player
- William D. Green '76 MBA '77 H'07: Former Chairman and CEO of Accenture
- Frederic C. Hamilton '48 H'98 MP'82 (1927–2016): oil pioneer
- Peter R. Kellogg '64: financial broker
- John Kluge Jr. MBA '17, venture capitalist, philanthropist, son of billionaire John Kluge[28]
- Will Langhorne '95: former race car driver
- Peter E. Madden '64 P'04 Honorary Trustee: former President of the State Street Corporation
- Charles Dean Metropoulos '67 MBA '68: co-owner of Hostess Brands and former owner of Pabst Brewing Company
- Geoffrey Eric Molson MBA '96: co-owner, President and CEO of the Montreal Canadiens
- David G. Mugar '62: businessperson
- Gunnar S. Overstrom Jr. '65 (1942–2001): former Vice Chairman of FleetBoston Financial
- Aly Raisman Olympic gold medalist for United States women's national gymnastics team
- Tim Ryan, Senior Partner and Chairman of PwC US[29]
- Scott Sharp '90: race car driver
- Jacob Sprague '07: rugby player
- Akio Toyoda MBA '82 MP' 14: President and CEO of Toyota Motor Corporation
Food and entertainment
[edit]- Marc Bell '89: entrepreneur, Three-Time Tony Award Winner (Jersey Boys, August: Osage County and Stereophonic) [30]
- Terrell Braly '77: founder of Quiznos
- Gustavo Cisneros '68 H'19: President/CEO of Organizacion Diego Cisneros
- Roger Enrico '65 H'86 (1994–2016): former CEO of PepsiCo and DreamWorks Animation SKG
- Stephen Gaghan '88: screenwriter
- Daniel Frank Gerber '20 H'67 (1898–1974): founder of Gerber Products Company[31]
- Bernard Lee MBA '99: professional poker player[32]
- John LeFevre '01: former Citibank banker
- Mir Ibrahim Rahman '00: CEO of GEO TV[33]
- Nelson Woss '91: Australian film producer of Ned Kelly & Red Dog
Government, education, and other
[edit]- Craig Robert Benson '77, businessperson, former Governor of New Hampshire
- Vincent E. Boles MBA '88: Major General US Army
- W. Haydon Burns '34 (1912–1987): 35th Governor of Florida, 1965–67 and 35th Mayor of Jacksonville, Florida, 1949–1965[34]
- Nick Collins '08: Massachusetts State Senator[35]
- Rudy Crew '72 H'96: President of Medgar Evers College[36]
- Princess Marie of Denmark: attended 1995-97[37]
- Kathleen M. Gainey MBA '89: lieutenant general US Army[38]
- James A. Lewis '58 (1932–1997): American politician[39]
- Patricia E. McQuistion MBA '88: lieutenant general US Army[40]
- Lafayette Morgan '58 (1931–2005): former Economic Advisor of Liberia[41]
- Ernest Dichmann Peek '29 (1878–1950): major general, U.S. Army
- Gustavo Adolfo Carvajal Sinisterra MBA '84: the 24th Ambassador of Colombia to France[42]
- Don Strauch '49 (1926–2016): former Mayor of Mesa, Arizona[43]
- Jack Tilton (1951–2017) '74 P'09: art dealer[44]
Fashion and fitness
[edit]- Michael Bastian '87: business person[45]
- Count Enrico Marone Cinzano '85: artist, furniture designer[46] and member of Italy's prominent Cinzano liquor family[47]
- Ruthie Davis MBA '93: founder, president and designer of the fashion and footwear firm RUTHIE DAVIS[48][49]
- Natasha Esch '93: former president of Wilhelmina Models[50]
- Mohan Murjani '67: as chairman of the Murjani Group Murjani developed, launched and built Tommy Hilfiger as well as Gloria Vanderbilt fashion empires[51]
- Alberto Perlman '98: co-founder of Zumba Fitness[52]
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