Babson College
Babson College is an undergraduate business school that focuses on entrepreneurial leadership. It was founded in Wellesley, Massachusetts in 1919 with its main purpose to educate sons of business men to take over their father’s businesses.
Babson’s main campus today is located in Babson Park in Wellesley, Massachusetts just 14 miles from Boston where it houses both undergraduate and graduate business schools. Babson also has secondary campuses in Boston and Miami.
Diversity at Babson has been improving steadily with 55% of the class of 2025 comprised of students from minority groups even as the overall representation of minority groups at Babson College sits at 37%. At 30%, Babson College’s international student population is one of the largest amongst the highly selective colleges.
As of June 2021, Babson College had an endowment of approximately $700 million.
Distinguished alumni of Babson College include a long and illustrious list of leaders and CEOs across banking and finance, manufacturing, consumer goods, education, entertainment, fashion, food, healthcare, technology, sports, government, social entrepreneurship and philanthropy. The more well known amongst them include Roger Enrico, former CEO of Pepsi, Daniel Gerber, Founder of Gerber Products, Arthur Blank, former CEO of Home Depot, Edward Bronfman, founder of Edper Investments (now known as Brookefield Asset Management) and Akio Toyoda, former CEO of Toyota Motors.
Costs of attending Babson College 2022-2023
Tuition* - $54,944
Room (average double) -$12,292
Meal Plan - $6,736
Books and Supplies (average) - $1,254
Personal (average) -$2,022
Health Insurance - $1,639
Federal Direct Loan Fees (average) - $50
Total Estimated Cost of Attendance - $78,937
* Includes the use of a Babson-issued laptop computer.
Access Babson College’s Net Price Calculator
Babson’s Statistics at a Glance
Data obtained from Babson College’s website and US News College Rankings
| / | STUDENT DEMOGRAPHICS | FINANCIAL AID | |||
|---|---|---|---|---|---|
| Enrollment | 2,350 | % receiving financial aid | 43% | ||
| Women | 45% | Average financial aid | $48,355 | ||
| Men | 55% | ||||
| Students of Color | 37% | ACADEMIC INFORMATION | |||
| International Students | 30% | Student - faculty ratio | 14:1 | ||
| First Generation | ND | Instructional faculty (fulltime) | 187 | ||
| Average class size | 20-49 | ||||
| ACCEPTANCE RATES | Classes w/less than 20 students | 11% | |||
| Class of 2026 | ND | ||||
| Class of 2025 | 25% | 6 year graduation rate | 95% | ||
| ACADEMIC STATISTICS | Number of concentrations | 25 | |||
| Average GPA | ND | Number of courses | NA | ||
| Standardized Test Scores | Number of study abroad programs | 100 | |||
| SAT 25th to 75th percentile | 1400-1500 | ||||
| % submitting SAT scores | ND | STUDENT LIFE | |||
| ACT 25th to 75th percentile | 31-34 | Number of student organizations | 100+ | ||
| % submitting ACT scores | ND | Students who live on campus | 52% | ||
| % submitting test scores | ND | ||||
| First year retention rate | 90% | ||||
| Class Rank | |||||
| % in top 10% of HS class | ND |
Sports at Babson College
Babson College belongs in NCAA Division 3. It plays a total of 11 men’s NCAA sports with 269 athletes and 11 women’s NCAA sports with a total of 182 athletes. Its’ 451 athletes represent 19% of its total undergraduate student body.
What NCAA sports does Babson College play?
Babson College Athlete Recruitment Policy
What you can expect from Babson College
Babson College’s mission is to prepare and empower its students to become entrepreneurial leaders who can “create, grow and steward sustainable economic and social value, everywhere.”
Babson has consistently ranked as having one of the best undergraduate entrepreneurship programs in the country.
Scholarships from Babson
Babson offers several extremely generous merit based scholarships to its undergraduate students:
The Arthur M. Blank School for Entrepreneurial Leadership Scholarship - this is a 4 year full tuition, merit based award given to 5 freshmen annually. The scholars can qualify for an additional $2,500 award in their junior year to develop their talents and pursue their passion. The now 2 year old Blank Scholarship is awarded to those who embody “Blank’s leadership qualities and foundational values of the Blank School.”
The Weissman Scholarship - this is a 4 year full tuition scholarship plus financial support to help scholars develop their talents and pursue their passions. The awards are given to freshmen with high academic achievement, intellectual passion and demonstrated leadership skills. Since its inception in Fall 2008, scholarships have been awarded to between 4 and 5 undergraduates annually and must be renewed from year to year.
The Weissman Scholarship stands out for its unique benefits to scholars including retreats, tailored study abroad opportunities and projects that give scholars exposure to Silicon Valley, and SXSW in Austin and New York.
Presidential Scholars - this is a 4 year, half tuition scholarship, renewable each year with a 3.0 GPA. The scholarship also gives students “a plethora of resources to enhance their networking and career goals, provide mentorship opportunities, and grow their leadership skills.”
Diversity Leadership Awards - this is a 4 year, full tuition award given to students with the greatest potential for leadership in creating a diverse community.
Women’s Leadership Scholarship - this is a 4 year, quarter tuition award given to those with academic achievement and demonstrated leadership in school and community activities.
Babson Posse Scholarship - this is a 4 year, full tuition scholarship awarded to students selected from a pool of 3,000 plus New York City high school students.
DECA Scholarship - This is a $5,000 a year scholarship for 4 years. DECA is a national non profit that “prepares emerging leaders and entrepreneurs for careers in marketing, finance, hospitality, and management in high schools and colleges around the globe.”
Babson Junior Achievement USA Scholarship - This is a scholarship valued at $20,000 a year for 4 years. The Junior Achievement USA’s “offers education on financial literacy, work and career readiness, and entrepreneurship to inspire and prepare young people to succeed.”
Network for Teaching Entrepreneurship Scholarship - This is a 4 year, full tuition scholarship. NFTE is a “global educational nonprofit focused on bringing the power of entrepreneurship to youth in low-income communities.”
Babson also offers merit based scholarships to international students that you can check out HERE
Is Babson College hard to get into?
With a 25% acceptance rate, Babson College is at the high end of the range for acceptance rates amongst the highly selective colleges.
Babson College has not been great with disclosures of academic statistics which would give us greater insight into its admission practices. It is not clear what percentage of the class of 2025 submitted standardized test scores, though the middle 50% range of test scores (SAT 1400-1500, ACT 31-34) published by Babson puts it in the same league as the top colleges.
Babson’s focus on leadership and entrepreneurship make it very clear that an applicant to Babson must demonstrate these qualities to be competitive for admission, regardless of what their test scores are.
An applicant with entrepreneurial aspirations who has strong academic achievements plus demonstrated entrepreneurial and leadership qualities will stand a good chance of admission to Babson.
Where do Amherst College graduates work and what do they earn?
According to Babson College, 99.5% of its graduating class of 2021 were either employed or in graduate school (21%) 6 months after graduation. The average starting salary for the class of 2021 was $62,500.
The top industries that Amherst graduates ended up working in included:
EY
KPMG
PricewaterhouseCoopers
Bain and Company
Capgemini Invent
Kalypso
Massaro Consulting
Bose
Formlabs
L’Oreal
Proctor and Gamble
Baldwin Richardson foods
Mondelez International
Sula Vineyards
The Kraft Heinz Company
Aptiv
VMware Carbon Black
The FON Group
Alliance Bernstein
ByteDance
American Express
Bank of America
Google
Bloomberg LP
BNP Paribas
Charles Schwab
Citi
Dell Technologies
Fisher Investments
Varian Medical Systems
JP Morgan Chase
Kognitiv
Moody’s
Oracle Netsuite
Nuveen
State Street
Meta/Facebook
Swiss Re
Wellington Management
Aetna/CVS Healthcare
Bridge Continents
Cigna
Johnson and Johnson
Olympus Corporation of the Americas
Cleaning World Inc
Massachusetts Fire Technologies
Accenture
Access Babson’s Career Development Center
Earnings Data for Babson College Graduates
With the costs of attending college becoming prohibitively expensive, it is hard to treat the college experience as a strictly educational and developmental one. You have to think about your earnings potential as well. Unless you are very lucky, chances are that you will graduate with some student debt. Whether you can afford to pay it off in reasonable time, and not have this debt interfere with your ability to live your life without a overhanging debt burden depends on what you can earn when you graduate from college.
Knowing what you can earn with the the degree you earn and the college you earned it at is essential for planning your life. The data we provide here is meant as a guideline only as there will be variance between individuals based on many factors including the types of jobs and employers they pursue.
Data from Payscale based on 373 responses
| / | Median Starting Salary | $65,800 | Number of respondents | 373 | |
|---|---|---|---|---|---|
| Average Base Salary | $81,000 | ||||
| YEARS OF EXPERIENCE | |||||
| BY MAJOR | Entry level | 9% | |||
| Business, Management, Marketing and Related | $65,800 | Early career | 47% | ||
| Social Sciences | $65,100 | Mid career | 19% | ||
| Computer and Information Science | $60,300 | Late career | 7% | ||
| Experienced | 19% | ||||
| CAREER AVERAGES | |||||
| Early Career Salary (1st 5 years) | $77,800 | GENDER BREAKDOWN | |||
| Mid-Career Salary (10+ years experience) | $155,400 | Female | 54% | ||
| Female Average Salary | $54K - $125K | ||||
| BY JOB TITLE | Male | 46% | |||
| Business operations manager | $121,010 | Male Average Salary | $55K to $168K | ||
| Financial analyst | $58,206 | ||||
| Marketing director | $121,599 | ||||
| Operations analyst | $67,361 | ||||
| Marketing associate | $57,391 | ||||
| Management consultant | $88,500 | ||||
| Business development manager | $54,300 |
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