Babson College has earned a worldwide reputation for its ability to shape business leaders. It should come as no surprise that the acceptance rate and training at a quality school like Babson College are high. However, getting a degree from Babson College may not be as expensive as you think.
So, in this writing, we shall expand more to you, on all that you need to know about Babson college, its acceptance rate, and other features.
Babson College is a private business school in Wellesley, Massachusetts. Founded in 1919, the company mainly focuses on entrepreneurship training. It was founded by Roger W. Babson as an all-male business institute and is now co-educational.
Babson College Campus
Wellesley Main Campus
Babson College’s main residential campus is 1.4 km2 and is located in the Babson Park section of Wellesley, Massachusetts, just fifteen miles west of Boston. It is adjacent to the Franklin W. Olin College of Engineering.
Undergraduate and postgraduate students have the opportunity to take advantage of the facilities on campus including the Student Center, Cafeteria, Horn Library, multiple centers and institutes, Webster Fitness Center, Weissman Foundry, Arts Center, and a new Centennial Park called Kerry Murphy Healey Park.
Executive and Enterprise Education visitors have the option of staying in guest rooms adjacent to the convention center.
The Babson Boston classroom and event space on 100 High Street provides Babson’s presence in downtown Boston, connecting the college’s resources with the innovative companies, organizations, and executives in the Boston financial district.
Opened in 2016, this facility offers the opportunity to offer MBA courses in a location where entrepreneurial students live and work.
During the academic year, students in the Boston location have the opportunity to experience Babson offices and resources, including graduate programs, the Graduate Center for Career Development, graduate admissions, and the college’s alumni network.
From 2011 to 2016, the Babson Boston Campus was located at 253 Summer Street in Boston’s innovation district.
San Francisco Campus
Babson has a San Francisco campus that includes a blended learning MBA program, undergraduate semester experience, and bespoke executive education.
In July 2017, President Kerry Healey Babson announced plans to expand to Miami, Florida, where the MBA in Blended Learning, the Master of Science in Business Analytics (MSBA), and the Certificate in Advanced Management (CAM) are offered three graduate programs. Babson’s new Miami hub is located at 1200 Brickell Avenue.
Babson College Academics
The College offers a Bachelor of Science degree to all students. Students also have the option to indicate concentrations for their junior and senior year from a wide range of subjects in various business and other fields.
The programs are accredited by the Association to Advance Collegiate Schools of Business (AACSB), and the college itself has been regionally accredited by the New England Association of Schools and Colleges (NEASC) since 1950.
Babson College also offers a study abroad program that they have created. The program is called “BRIC: The Cornerstone of the New Global Economy” and is offered to both juniors and seniors in the fall semester of the academic year.
During the program, a number of students, approximately 26, visit and study in Russia, China, and India. In each country, students study different classes on different subjects.
Babson College Graduate School
Babson College offers Master’s degrees through its FW Olin Graduate School of Business, including a one-year MBA program, a two-year MBA program, a 42-month evening MBA program, and a blended learning MBA program with campuses in Boston, San Francisco, and Miami.
It also offers a Masters of Science in Entrepreneurship (MSEL), Business Analytics (MSBA), Finance (MSF), and a Certificate of Advanced Management (CAM).
Online learning at Babson College
Taking Online learning options is becoming increasingly popular in American colleges and universities. These online courses are great for students who are busy or just want to study in their spare time.
Babson College Rankings
In 2014, Babson was ranked first among all colleges and universities in the country by Money Magazine. In 2015, the magazine took second place just behind Stanford University. Babson’s MBA program was ranked 58th overall in the 2014 Bloomberg Businessweek rankings.
Babson college’s undergraduate business program ranks 26th overall in the 2014 Bloomberg Businessweek ranking. Babson’s Undergraduate Entrepreneurship Program has been sponsored by U.S. News & World Report ranked number one.
In its 2013-2014 salary report, Payscale.com ranked Babson College fifth of all US colleges and universities, ahead of schools like Stanford, the University of Pennsylvania, Harvard, Dartmouth, Columbia, and Yale.
This ranking equates to an average mid-career salary of $123,000 and an average starting salary of $59,700. In 2012, Bloomberg Businessweek Babson ranked 11th among U.S. schools based on return on investment. CNN Money ranked Babson eighth in its 2016 Colleges with Highest Paid Graduate List.
How Much Does Babson College Cost?
The affordability of the school depends largely on your financial needs, as the net price varies depending on your income group.
Babson College tuition is $52,608 for the 2020/2021 academic year. That’s 80% more expensive than the nationwide average four-year private nonprofit tuition of $29,191.
Babson College is one of the 100 most expensive colleges in America and ranks 87th on our Expensive 100 ranking. The cost is 56% more than the average Massachusetts tuition of $33,712 for 4-year colleges.
Tuition ranks 70th in Massachusetts among 4-year affordable colleges and the 13th most expensive 4-year college in the state. The price does not vary depending on where you live.
46% of students enrolled have received any scholarship or scholarship, and the average scholarship amount is $36,503. Upon receipt of financial assistance, the net price is $38,399, including tuition, fees, books and supplies, and living expenses.
Tuition and tuition fees are much higher than the average tuition amount for similar schools ($22,238 – Private (Nonprofit) School of Business and Management).
On-campus room and board is provided by the school at a cost of $16,776 per school year. Students who choose to live off-campus elsewhere in Wellesley should budget at least this amount.
Books and Accessories
The estimated annual cost of books and supplies is $1,144.
Other living expenses
If students live on campus, they should estimate an additional living cost of $1,850. Off-campus students should allow $1,850 for other miscellaneous living expenses.
Babson’s annual tuition and living expenses budget for the 2019/2020 academic year was $72,378. The cost is the same for all students regardless of Massachusetts residency status, as there is no state discount.
Student to Faculty Ratio at Babson College
The student to faculty ratio is often used to gauge how much interaction there is between professors and their students in a college or university. At Babson College, this ratio is 13 to 1, which is the national average of 15 to 1.
Percent of full-time faculty
Another measure that is often used to estimate how much access students will have to their professors is the number of full-time staff. The idea here is that part-time faculties typically spend less time on campus, so they may not be as available to students as full-time staff.
The percentage of full-time faculties at Babson College is 100%. This is higher than the national average of 47%.
Babson College Acceptance Rate
Babson College has a 27% acceptance rate and bases its student acceptance on both academic and non-academic factors. Academic factors include high school records, referrals, standardized test scores, and essays.
Non-academic factors include extracurricular activities, demonstrated leadership skills, character / personal qualities, volunteering, work experience, creativity and enthusiasm, and a willingness to contribute to the Babson community in meaningful ways.
Completion of secondary school is required for admission. The most competitive students have taken approximately 5 solid academic courses per year at the highest level available (Honors, Advanced Placement, or International Baccalaureate).
Babson College Athletics
Babson’s teams are known as “beavers” and their colors are green and white. The school has 22 varsity sports teams, most of which participate in the NCAA Division III’s New England Women’s and Men’s Athletic Conference (NEWMAC).
One of Babson’s main sports is baseball, which has won 7 conference championships and participated in 5 NCAA tournaments, including the 2019 College World Series.
In 2017, the school will begin construction of the Babson Recreation and Athletics Center, a major new facility that will support college sports, intramural and recreational sports, and many other activities through fall 2019.
Babson College Scholarships
Babson Awards $48 Million in Student Grants; $42 million comes directly from Babson in the form of grants and scholarships. About 50% of Babson’s students receive financial support. Babson meets approximately 100% of the proven needs of students in their freshman year.
44% of Babson College’s full-time students received financial assistance in the form of grants, scholarships, grants from the institution or from federal, state, or local government agencies.
This aid averaged $42,103 per student for the 2019/2020 school year. Grants and scholarships do not have to be repaid. 32% of students took out federal student loans averaging $4,079 and 7% of students took out private student loans averaging $25,148.
Babson commits to each student’s Babson Grant for four years, provided there is no material change in the family’s financial situation or a change in the number of siblings the student has in college.
To get more information and commence application, click on the link to visit the Babson College
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