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Everything About Babson College

Everything About Babson College

Total Undergraduate Enrollment: 2,361

Curricular Flexibility: Somewhat Flexible

Academic Rating: 4

Institutional Type: Private

Top Programs

Accounting

Entrepreneurship

Finance

International Business

Management

Who Recruits

1. Boston Scientific

2. AXA Advisors

3. RxAdvance

4. Applause

5. PepsiCo

Notable Internships

1. Mid-Market Securities

2. CoreAxis Consulting

3. PepsiCo

Top Industries

1. Business

2. Finance

3. Operations

4. Sales

5. Marketing

Top Employers

1. Fidelity Investments

2. PwC

3. EY

4. Dell

5. IBM

Where Alumni Work

1. Boston

2. New York City

3. Sao Paulo, Brazil

4. San Francisco

5. United Kingdom

Median Earnings

College Scorecard (Early Career): $96,100

EOP (Early Career): $95,300

PayScale (Mid-Career): $133,800

Inside the Classroom

With an unmatched entrepreneurial ethos, tiny but powerful Babson College in Wellesley, Massachusetts, only has one offering on the menu, a BS in Business Administration, but it is expertly prepared. Instead of offering a smorgasbord of majors, Babson students pick from twenty-seven areas of concentration including business analytics, global business management, and statistical modeling that offer more curricular flexibility than a traditional major. Babson was an all-male college until 1969, but it has completely transformed as women now comprise close to 50 percent of the school’s 2,300 undergraduate population. Of equal interest is the college’s status as one the best schools for international students; over one-quarter of the population hails from outside the United States.

The Babson experience kicks off with a one-credit first-year seminar designed to help you “better understand your identity, your classmates’ identities, and what it takes for all of you to be successful students in the diverse Babson community.” While you’ll unavoidably spend a good portion of your time swimming in business-related curriculum, roughly half of the courses you will take will be in the liberal arts with subjects such as Art and Ecology; Imagining Nature, Imagining Ourselves; Sports and Literature; Literature and Philosophy of Madness; Constructing and Performing the Self; and Global Pop. One of the many unique experiences at Babson is Foundations of Management and Entrepreneurship, a freshman requirement. Students are given $3,000 in start-up money to launch and run an actual business. They concurrently take part in the Coaching for Teamwork and Leadership Program, working with staff and alumni coaches to enhance personal development, problem-solving skills, and ethical decision-making.

This school’s exceptionally interactive and hands-on approach to undergraduate education is evident from the moment students step foot on campus. While a fair number of courses are large—half have more than thirty students—the nature of the instruction is highly interactive with professors and with peers. It is simply not possible to be an anonymous student at Babson. Around one-half of the undergraduate population spends time studying abroad in one of the college’s 104 programs spread across forty-one countries. While Babson is more about doing than spending time in the ivory tower, students are encouraged to assist with faculty-led research or propose an independent research study of their own (for credit).

It’s little surprise that a business school like Babson has done an excellent job of branding. It is regularly ranked at the top of any list of best colleges for entrepreneurship and business. Babson also ends up toward the top of any list that looks at return on investment as its graduates fare well on the job market. This institution usually produces one or two Fulbright Scholars per year, but the vast majority of graduates are champing at the bit to enter the workforce.

Outside the Classroom

Babson’s classrooms are filled with entrepreneurial spirits, and that obsession doesn’t disappear when students leave the academic setting. Of the one hundred or so clubs and activities at the college, a large number have the words “investment,” “business,” or “banking” somewhere in their titles. The school does run twenty-two varsity sports teams, but it does not offer athletic-based scholarships, so while its men’s soccer and basketball teams have captured NCAA Division III titles in recent years, sports hardly dominate life at Babson. More than 20 percent of Babson students partake in Greek life, and the number of sorority and fraternity members has grown in recent years. Close to 80 percent of students live in one of the eighteen on-campus residence halls, and some socialize in the surrounding suburb of Wellesley, but with Boston a short T ride away, jaunts into town are commonplace. The campus vibe has a reputation as being somewhat preppy and conservative-leaning. However, the demographic makeup of the student body continues to grow more and more diverse as one-quarter of all students are international, coming from forty-three countries, and 45 percent of US students are non-white.

Career Services

The Career Development Services Center at Babson is dedicated solely to the college’s undergraduates; a separate career services office exists for MBA students. With twelve full-time, professional staff members, Babson operates with a 190:1 student-to-advisor ratio, far better than the average school featured in this guide. The career center facilitates a number of corporate sponsorships with major companies including PEPSICO, Boston Scientific, EY, and PwC. Events sponsored by the office occur frequently, at least once per week, and are well attended by the student body. These include regular Industry Spotlights where corporate guests present to and network with students, as well as Career Expos.

A global alumni network of more than 40,000 graduates spread across 115 countries and all fifty US states and the Babson Connector, an online resource, help connect current students with alumni. As a result of this type of engagement, a staggering 89 percent of all Babson students embark on at least one internship during their four years of study. Further, thanks to the diligent, hands-on work of this career services office, less than 1 percent of graduates are still looking for employment/grad school within six months of graduating. Considering its well-staffed office and excellent track record for helping graduates find internships and high-paying employment options, Babson’s career services is worthy of a great deal of praise.

Professional Outcomes

Babson students are a group of young people with exceptional drive and direction. Within six months of graduation, 99 percent are already employed or in graduate school. The largest numbers flock to finance, technology, and accounting with the highest concentration of recent graduates ending up at EY, PwC, Dell, and Wayfair. Many alumni also work at Fidelity Investment, IBM, Deloitte, Google, Amazon, Siemens, and Accenture. Keeping with the entrepreneurial philosophy of the college, 7 percent of Babson grads start their own businesses soon after graduation. Starting salaries are strong at approximately $58k. The highest average salaries await those entering the oil, financial services, and accounting industries while the lowest average salaries go to those in the sports/entertainment, staffing, and media/publishing fields. Even though only 16 percent of undergrads hail from Massachusetts, many put down roots nearby after graduation, and over 11,000 alumni are clustered in the Boston area.

While many pursue MBAs down the road, only 8 percent enter a program right out of undergrad. Babson students typically enter excellent institutions once they do decide to pursue a graduate or professional track. Recent grads have entered law school at the likes of Harvard, Tulane, Boston University, University of Virginia, and UC-San Diego. Alumni going the MBA route have attended top programs including at the London Business School, Yale, Columbia, Boston, College, USC, and Northwestern.

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