Babson College

Babson College

Infobox University
name = Babson College
motto = Innovation Is Our Tradition; It's Possible At Babson
established = September 3, 1919
type = Private
endowment = U.S. $225 Million
president = Leonard Schlesinger
faculty = Approximately 250
undergrad = Approximately 1,800
postgrad = Approximately 1,500
city = Babson Park
state = MA
country = USA
campus = Suburban, convert|350|acre|km2|lk=on
athletics =NCAA Division III
22 varsity teams
12 club sports
colors = Green and White color box|#006633color box|white
nickname = Beavers
mascot =
website = []

Babson College, located in Wellesley, Massachusetts (zoned as "Babson Park," ZIP code 02457), [ [ About Babson ] ] 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 Babson Forum on Entrepreneurship & Innovation, the largest student-run event on Babson's campus, attracts 40 speakers and over 600 attendees. The 2008 Babson Forum will be held on Thursday, October 2, 2008. In addition, there will be a $20,000 Babson Innovation Competition at the event where venture capitalists and private investors will judge the 3 finalists. For more information see

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.


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 actual business training. Seasoned businessmen instead of career academicians made up the majority of the faculty. (This approach is practiced at Babson College nowadays too) 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. []

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."

Undergraduate program

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 College believes in practical learning approach to business education. Students can participate in various field-based experiences. Some of the most popular programs are

* Management Consulting Field Experience (field-based consulting projects) - One innovative way Babson develops well-rounded managers with practical business experience is through the Management Consulting Field Experience (MCFE) Program. Students gain practical experience by acting as consultants and solving actual business problems for famous companies. Students also develop marketable skills by learning the consulting process and working in growing fields. These skills are applicable to any career choice. Some of the companies where Babson students work as a consultants include: Puma, AOL, Boston Properties and etc. []
* Babson College Fund (student-managed endowment)- The Babson College Fund (BCF) is an academic program in which students manage a portion of the Babson College endowment (1.2 million USD). The program builds students’ investment research and portfolio management skills, and offers practical experience. []
*Foundations of Management and Entrepreneurship (FME)- The FME is a year-long immersion into the world of business for first-year students. While students are learning the nuts and bolts of economic theory, probability theory, statistical analysis, quantative methodology, and business law, they, with the group of classmates, will also work together to invent, develop, launch, manage, and liquidate a business. Babson College loans the group up to $3,000 in start up money, and any profits students make are donated to a community service project, such as Habitat for Humanity. Since 1999 students have donated almost $250,000 and contributed over 15,000 volunteer hours to over 50 organizations. []

Undergraduate Job Placement

98% percent of Babson undergraduates are employed or attend graduate school within six months from graduation. In 2007, there were 616 recruiting companies and 1,102 recruiting opportunities on campus, for only 430 graduating seniors. The number of job opportunities posted for Babson graduates increased by 23% from 2006. [] This numbers and progress make Babson one of the top business schools in job placement category.

Graduate program

Babson's four degree programs all use Babson's modular approach and emphasize 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. In 2006 the on-campus intensive sessions were modified to be two full-day sessions every 6 weeks.

Executive education

Babson Executive Education offerings include custom programs, open enrollment programs, consortium programs, applied research centers.

Rankings and recognition by major media

* 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, 2000, 01, 02, 03, 04, 05, 06, 07, 08) (the only years for this ranking)
* #25 in Best Business Programs category (2008); top ranked small, private business college
* #22 in International Business category (2008)
* #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 (1994-2008) - 15 years in a row
*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 #28 among U.S. undergraduate business programs; A+ in Teaching Quality and Facilities and Services, A in Job Placement (2008)

*Ranked #3 among U.S. undergraduate business programs in macro economics category
*Ranked #3 among U.S. undergraduate business programs in corporate strategy category
*Ranked #4 among U.S. undergraduate business programs in micro economics categoty
*Ranked #6 among U.S. undergraduate business programs in financial management category
*Ranked #7 among U.S. undergraduate business programs in marketing category
*Ranked #10 among U.S. undergraduate business programs in accounting category []

*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
* # 2 in Best Faculty 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 2008, 2007, 2006, 2005, 2004, 2003, 2002, 2000, 2001
*Among best Northeastern colleges 2008, 2007, 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

*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

Prominent faculty

*John F. Alexander: Former CFO of publicly traded scientific instrument firm PerkinElmer Inc. PKI []
*Marty Anderson: Adviser to two White Houses and the European Parliament, has managed two research programs at MIT []
*George Beloff: CFO of ImmunoGen Inc. IMGN, a publicly traded biotechnology company []
*Jennifer Bethel: Served as Chief Economist Corporate Finance at the U.S. Securities and Exchange Commission from "1996-99" []
*Candida Brush: Recognized for her pioneering research in women’s entrepreneurship []
*William D. Bygrave: Internationally recognized entrepreneurship professor, help found the GEM Global Entrepreneurship Monitor []
*Edward G. Cale: Founded Institute for Latin American Business ILAB at Babson []
*Lawrence P. Carr: Former President and CEO of Osram, Corp. []
*Peter Cohan: Founded Peter S. Cohan & Associates, has authored over 7 books, appears regularly in national media []
*Tom Davenport: Recognized as top 25 consultants in the world by "Consulting" magazine, has co-authored or edited over 10 books []
*Michael Fetters: Serves on the Boards of Directors of the National Foundation for Teaching Entrepreneurship NFTE []
*Michael A. Goldstein: Chair of the NASDAQ Economic Advisory Board for 2005, was the Visiting Economist at the NYSE "97-98" []
*Patricia J. Guinan: Authored international award-winning book Patterns of Excellence for IS Professionals []
*Stephen S. Holt: Former Director of Space Sciences at the NASA Goddard Space Flight Center []
*David Kerns: Co-inventor of one of the first silicon MEMS technologies, a micromachined accelerometer []
*Julian E. Lange: Former President & CEO of Software Arts, Inc., creators of the first electronic spreadsheet VisiCalc []
*Michael Levy: Co-author of Retailing Management 6 ed., the best-selling college level retailing text in the world. []
*Kevin Mulvaney: Former President of DRI McGraw-Hill []
*Robert Rosenberg: Founded Dunkin Donuts, Former CEO Allied Domecq, Serves on the Board of Directors of Domino's Pizza []
*Erik R. Sirri: Former Chief Economist of the U.S. Securities and Exchange Commission []
*Thomas J. Stallkamp: Former President of DaimlerChrysler [] []
*William Taylor: Co-founded magazine Fast Company, served as associate editor of Harvard Business Review []
*Jeffrey Timmons: Internationally recoginized entrepreneurship professor []
*Suzy Welch: co-author, with husband Jack Welch, of "WINNING", a NY Times /WSJ bestseller, former editor of Harvard Business Review
*Aaron Yeo: CEO of Singapore Engineering Forces.

Notable alumni

Entrepreneurs & Corporate Leaders
* William J. Allard: Former Chairman & CEO of Marquis Jet
* 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 []
* Joseph Campanelli: President & CEO, Sovereign Bank
* Gustavo Cisneros: President/CEO of Organizacion Diego Cisneros []
* Matt Coffin: Founder of []
* Michael T. Cowhig: Senior Executive Gillette Corporation, Director at Newell Rubbermaid and Wilsons Leather []
* Stephen D. Cutler: President Essex Investment Management Co. []
* Robert Davis: 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
* Daniel Gerber: Founder of Gerber Baby Foods
* William D. Green: CEO of Accenture []
* Frederic C. Hamilton: Chairman/CEO of Hamilton Brothers Petroleum Corporation [] []
* Thomas R. Hudson Jr.: Founder Pirate Capital
* David F. Lamere: Vice Chairman Mellon Financial Corporation []
* Andrónico C. Luksic: Vice Chairman Banco de Chile, Luksic Group []
*Deborah McLaughlin: CFO and COO Slades Ferry Bancorp
* John C. Merritt: Chairman/CEO of Van Kampen Merritt Holdings Corp [] []
* Louis Morrell: Wake Forest Endowment($1.2Billion) Fund Manager; WSJ noted "Investment Guru" []
* David G. Mugar: CEO of Mugar Enterprises, Boston Philanthropist []
* Paul A. Perrault: President and CEO of Sovereign Bank []
* Mir Ibrahim Rahman: CEO of GEO TV []
* Stephen Spinelli, Jr.: Founder of Jiffy Lube, President Philadelphia University [] []
* William Teuber Jr.: Vice Chairman EMC Corporation []
*Akio Toyoda: Executive vice president, Toyota Motor Corporation
*Robert E. Weissman: Former CEO of IMS Health, Former Chairman & CEO of Cognizant, Director at State Street Corporation []
* Peter Wheeler: President of Commonwealth Financial []
* Allyn Woodward: Vice Chairman Adams Harkness []
* Chris Zimmerman: President/CEO of NHL Vancouver Canucks/Orca Bay Sports & Entertainment []

Government & Public Service
* Jason Bedrick: New Hampshire State Representative
* Craig Benson: Chairman & CEO of Cabletron, former Governor of New Hampshire []
* Rudy Crew: Superintendent of Miami-Dade County Public Schools []
* W. Haydon Burns: Former Governor of Florida 1965-67 []
*Reed V. Hillman: former candidate for Lt. Governor of Massachusetts []


* Stephen Gaghan: Director/Writer Syriana, Traffic []
* Geoff Molson: VP of Molson Canada, seventh generation member of Molson family []
* Scott Sharp: American Race Car Driver, IndyCar Circuit


*"Amnesty International"
*"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 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 Investment Banking Association"
* [ "Babson Investment Management Association"]
*"Babson Literary Magazine"
*"Babson Luxury and Fashion Association"
*"Babson Martial Arts Club"
*"Babson Musicians Union"
*"Babson Outdoors Association"
* [ "Babson Players"]
* ["Babson United Rugby"]
*"Babsonian Yearbook"
*"Bowling Club"
* [ "Financial Management Association"]
*"Colleges Against Cancer"
*"Campus Activities Board"
*"GLEE (Gays Lesbians and Everybody Else)"
*"Habitat for Humanity"

Minority and international student organizations

*"AMAN-SASA (South Asian Student Association)"
*"Babson Asian Pacific Student Association"
*"Babson Brazilian Association"
*"Babson Francophone Society"
*"Babson Italian Culture Club"
*"Babson Korean Student Association"
*"Babson Russian Club"
*"Black Student Union"
*"Japan International Circle"
*"Taiwanese Student Association"
*"Transatlantic Community "
*"Young Black Entrepreneurs"
*"Babson South Asian Business Association(SABA)"

Religious organizations

*"Babson Christian Fellowship"
*"Babson Friends of Israel"
*"Babson Islamic Organization"
*"Babson Olin Catholic Association"
*"Babson "

Campus publications

* [ "Babson Alumni Magazine"]
* [ "Babson Business Journal"]
* [ "Babson Literary Magazine"]

Fraternities and sororities

* Tau Kappa Epsilon []
* Theta Chi
* Sigma Phi Epsilon
* Alpha Epsilon Pi
* Sigma Kappa Sorority
* Kappa Kappa Gamma
* Chi Omega


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 I-Tower’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. The majority of teams compete within 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. In addition, the women's and women's alpine ski teams compete in the Eastern Collegiate Ski Conference (ECSC), the men's ice hockey team competes in the ECAC East conference, and the men's lacrosse team competes in the Pilgrim League. The only team that does not compete in a specific conference is the golf program, which competed in the NEWMAC until 2005, when the conference ceased sponsorship of the sport due to lack of participating teams.

The school's mascot is the animal, the Beaver. Its colors are green and white.

Babson Globe

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.

External links

* [ Official Babson Home Page]
* [ Official e-Tower Homepage]
* [ Babson Newsroom]
* [ Babson Special Interest Housing]
* [ Babson I-Tower]
* [ Babson Women's Business Blog]
* [ Babson College Fund- Student-managed equity investment portfolio]
* [ Babson College Profile at CampusCompare]

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