Babson College

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Babson College
Babson College seal.svg
The Academic Seal of Babson College
EstablishedSeptember 3, 1919
TypePrivate
Endowment$275.5 million [1]
PresidentKerry Healey
Students2844
Undergraduates2015
LocationWellesley, Massachusetts, United States
Coordinates: 42°17′53.63″N 71°15′40.29″W / 42.2982306°N 71.2611917°W / 42.2982306; -71.2611917
CampusSuburban
350 acres (140 ha)
Former namesBabson Institute (1919–1969)
ColorsGreen and White         
AthleticsNCAA Division III
NicknameBeavers
Websitewww.babson.edu
Babson College logo.svg
 
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Babson College
Babson College seal.svg
The Academic Seal of Babson College
EstablishedSeptember 3, 1919
TypePrivate
Endowment$275.5 million [1]
PresidentKerry Healey
Students2844
Undergraduates2015
LocationWellesley, Massachusetts, United States
Coordinates: 42°17′53.63″N 71°15′40.29″W / 42.2982306°N 71.2611917°W / 42.2982306; -71.2611917
CampusSuburban
350 acres (140 ha)
Former namesBabson Institute (1919–1969)
ColorsGreen and White         
AthleticsNCAA Division III
NicknameBeavers
Websitewww.babson.edu
Babson College logo.svg

Babson College is a private business school located in Wellesley, Massachusetts near Boston and adjacent to the Franklin W. Olin College of Engineering. Founded in 1919, the school offers a Bachelor of Science in Business Administration as well as masters degrees in business administration, accounting, management, and finance. Babson College is one of the most highly ranked schools for entrepreneurship in the world, having received many accreditations for both its undergraduate and graduate programs. Babson's undergraduate school has been ranked #1 in entrepreneurship for 17 years, (all years that this ranking has been given). Babson’s MBA program has been ranked #1 in entrepreneurship for 20 consecutive years by U.S. News & World Report.[2]

History[edit]

Babson College was founded by Roger Babson on September 3, 1919, as the Babson Institute. It was renamed "Babson College" in 1969. Believing experience to be the best teacher, Roger Babson favored a curriculum that was a combination of both class work and business training: businessmen made up the majority of the faculty instead of academics, and the institute's curriculum focused more on practical experience.[3]

Academics[edit]

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)[4] and the college itself has been regionally accredited by the New England Association of Schools and Colleges (NEASC) since 1950.[5]

Rankings[edit]

Babson’s MBA program has been ranked #1 in entrepreneurship for 20 consecutive years by U.S. News & World Report,[6] and is ranked #42 overall in the Bloomberg Businessweek 2012 rankings.[7]

Babson's undergraduate business program is ranked #36 overall in the Bloomberg Businessweek 2013 rankings. [8]

Babson's undergraduate Entrepreneurship program has been ranked #1 for the past 17 years by U.S. News & World Report.[9]

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.[10]

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.[11]

CNN money ranked Babson #5 in their 2013 "Colleges with the highest-paid grads" rankings, higher than MIT, Stanford and any Ivy League school.[12]

Campus[edit]

The Babson Globe

The campus is 350 acres (1.4 km2) in the "Babson Park" section of Wellesley, Massachusetts.[13] 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.)[14][15]

Student life[edit]

In 2013, there were a total of 2,844 students attending Babson, 2,015 of whom were undergraduates.[16] Student publications include a literary magazine[17] 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.[18] 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.

Athletics[edit]

Babson's athletic nickname 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.[19] In addition, the men's and women's alpine ski teams compete in the United States Collegiate Ski and Snowboard Association (USCSA),[20] 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.[21]

Notable alumni[edit]

Business[edit]

Also of note: American billionaire Peter Kellogg was a dropout [52]

Government, Athletics, Misc.[edit]

Notes and references[edit]

  1. ^ As of June 30, 2013. "Babson College Financial Facts" (PDF). 
  2. ^ "Entrepreneurship - Best Business Schools". U.S. News and World Report. Retrieved 13 March 2012. 
  3. ^ "Babson College: History". babson.edu. Archived from the original on 28 December 2010. Retrieved 2011-01-20. 
  4. ^ "AACSB: Accredited institutions". datadirect.aacsb.edu. Retrieved 2011-01-20. 
  5. ^ NEASC CIHE: Babson College
  6. ^ "Entrepreneurship - Best Business Schools". U.S. News and World Report. Retrieved 13 March 2012. 
  7. ^ "The Complete 2012 Business Schools Ranking". BloombergBusinessWeek. November 15, 2012. Retrieved November 27, 2012. 
  8. ^ http://www.businessweek.com/bschools/rankings/#5
  9. ^ http://colleges.usnews.rankingsandreviews.com/best-colleges/rankings/business-entrepreneurship
  10. ^ http://www.payscale.com/college-salary-report-2014/full-list-of-schools
  11. ^ http://www.businessweek.com/articles/2012-04-09/college-roi-what-we-found
  12. ^ http://money.cnn.com/gallery/real_estate/2013/09/12/highest-paid-graduates/5.html
  13. ^ "About Babson". babson.edu. 2006-06-15. Archived from the original on 27 December 2010. Retrieved 2011-01-20. 
  14. ^ "Students Try to Save Babson's Rusty Globe," Associated Press, Boston Globe, August 6, 1989 p. 30
  15. ^ 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.
  16. ^ http://colleges.usnews.rankingsandreviews.com/best-colleges/babson-college-2121
  17. ^ "''Babson Literary Magazine''". babson.edu. 2006-06-15. Retrieved 2011-01-20. 
  18. ^ "www.cybertalk.com". 1998-03-01. Retrieved 2011-01-20. 
  19. ^ "NEWMAC online". NEWMAC online. Archived from the original on 8 February 2011. Retrieved 2011-01-20. 
  20. ^ "HOME". USCSA. Archived from the original on 1 February 2011. Retrieved 2011-01-20. 
  21. ^ "Babson Athletics". Babson Athletics. Retrieved 2011-12-10. 
  22. ^ "Former Marquis Jet CEO William J. Allard Joins Polaris Venture Partners as an Executive in Residence | Business Wire | Find Articles at BNET". Findarticles.com. 2006-10-24. Retrieved 2011-01-20. 
  23. ^ "Press Room - Corporate Overview - Corporate Executives - Michael J. Angelakis". Comcast.com. Archived from the original on 25 December 2010. Retrieved 2011-01-20. 
  24. ^ "Forbes World's Richest People 2005". Forbes.com. 2005-02-11. Retrieved 2011-01-20. 
  25. ^ "Blankm, Arthur - Athlete and Scholar, Foregoes Family Business, Life after the Depot". Referenceforbusiness.com. Retrieved 2011-01-20. 
  26. ^ "#419 Joseph P Campanelli". Forbes.com. 2008-04-10. Retrieved 2011-01-20. 
  27. ^ "Joseph P. Campanelli Profile - Forbes.com". People.forbes.com. Retrieved 2011-01-20. 
  28. ^ http://www.rre.com/senioradvisors.cfm[dead link]
  29. ^ 2009 Honorees, Arthur M. Blank Center for Entrepreneurship, Babson.edu. Retrieved 2013-10-31
  30. ^ "Babson College - Robert Davis". .babson.edu. 2006-06-15. Retrieved 2011-01-20. 
  31. ^ "Roger Enrico 1944— Biography - Two early lessons, Enters the cola wars, Turns attention to foods and restaurants". Referenceforbusiness.com. Retrieved 2011-01-20. 
  32. ^ "CEO University: Where they went to school | Boston Business Journal". Bizjournals.com. 2009-08-31. Retrieved 2011-01-20. 
  33. ^ "Victor Garcia : Board of Directors : About : CAI International, Inc.". CAI International, Inc. Archived from the original on 4 July 2011. Retrieved 2011-07-25. 
  34. ^ Robert Reiss. "Thomas Georgens Profile - Forbes.com". People.forbes.com. Retrieved 2011-01-20. 
  35. ^ http://www.gilbaneco.com/board.html[dead link]
  36. ^ Accenture. "Biography of Accenture Chairman & CEO William D. Green". accenture.com. Retrieved 2011-01-20. 
  37. ^ "Babson College - Members of the Academy". babson.edu. 2006-06-15. Archived from the original on 29 December 2010. Retrieved 2011-01-20. 
  38. ^ "Babson College - Frederic C. Hamilton". babson.edu. 2006-06-15. Retrieved 2011-01-20. 
  39. ^ http://www.bnymellon.com/about/management/lamere.html[dead link]
  40. ^ "Hawaii National Bank: Home". Hawaiinational.com. 1970-01-01. Retrieved 2011-01-20. 
  41. ^ "Babson College - The Molson Family". .babson.edu. 2006-06-15. Retrieved 2011-01-20. 
  42. ^ Lauricella, Tom (2007-08-30). "Wake Forest Investment Guru Uses an Old-School Blueprint". online.wsj.com. Retrieved 2011-01-20. 
  43. ^ "Alumni Directory, now The Babson Connection". fusionmx.babson.edu. Retrieved 2011-01-20. 
  44. ^ http://www.scj.go.jp/ja/int/kaisai/jizoku2006/participants/cv/23_murata.pdf
  45. ^ "Business of Fashion - Khalid Al Tayer". .businessoffashion.com. 2014-02-23. Retrieved 2014-02-23. 
  46. ^ http://www.glencore.com/board-of-directors.php#ning
  47. ^ http://www.geo.tv/anniversary/1st/english/page4.htm[dead link]
  48. ^ Copeland, Dave (2010-06-07). "Entrepreneurs: Can they bring prosperity?". Boston.com. Retrieved 2011-02-23. 
  49. ^ "The Private Equity International CFOs and COOs Forum". Pei Media. Retrieved 2011-01-20. 
  50. ^ "Virool Raises Massive $6.62M Seed Round For Video Ad Platform". Forbes.com. 2013-02-14. Retrieved 2013-06-12. 
  51. ^ Babson alum's business plan receives kudos
  52. ^ "#334 Peter Kellogg". forbes.com. 2008-02-11. Retrieved 2011-01-20. 
  53. ^ "Craig Benson". Nndb.com. Retrieved 2011-01-20. 
  54. ^ "Office of the Superintendent - Miami-Dade County Public Schools". Dadeschools.net. Retrieved 2011-01-20. 
  55. ^ "Foxwoods hires Bernard Lee as ‘official poker spokesman’ - BostonHerald.com". News.bostonherald.com. 2010-02-09. Retrieved 2011-01-20. 
  56. ^ Pennington, Bill (2001-05-25). "AUTO RACING; Sharp's Bargain Has Paid Off - New York Times". Nytimes.com. Retrieved 2011-01-20. 
  57. ^ "Babson United Rugby Club". Babsonrugby.org. Retrieved 2011-01-20. 

External links[edit]