UNDERGRADUATE Profiles Publish Date 2/26/09

Babson College

Getting In

PROGRAM BASICS

Babson College

231 Forest Street
Hollister Hall
Babson Park , Massachusetts 02457

Private Institution

Web site

http://www.babson.edu/ugrad

Program e-mail address:

ugradadmission@babson.edu

Program telephone number:

178123955

AACSB accredited:

Yes

Accreditation other than AACSB:

European Quality Improvement System (EQUIS)
New England Association of Schools and Colleges (NEASC)

Year in which the undergraduate business program was founded:

1919

Length of entire institution:

Four Year

Business program length:

Four Year

Degrees offered:

Degree/Program Name:
BS in Business Management

PROGRAM COSTS

Annual Tuition (Resident):

$ 38,000

Annual Tuition (Non-Resident)

$ 38,000

Cost per academic credit (resident)

$ 297

Cost per academic credit (non-resident)

$ 297

Room and board:

$ 8,066

ENROLLMENT

Full-time undergraduate business student enrollment:

1,851

Total College enrollment for 2008-09:

1,851

ADMISSIONS

Interviews for entire college:

Recommended

Additional application requirements for entire college:

Prospective students whose native language is not English must submit required SAT or ACT with writing and the results of the TOEFL or IELTS. Transfer students may apply after completing at least one full semester of college.

Upcoming application deadlines for entire college:

Semester: Early Decision
Deadline: 11-01-2009
Semester: Early Action
Deadline: 11-01-2009
Semester: Regular
Deadline: 1-15-2010
Semester: Transfer Fall
Deadline: 4-01-2009

Freshmen admitted into business program:

Yes

Percentage of business students admitted as freshmen:

91 %

Are the freshman admits to the business program required to complete pre-business courses before beginning upper-lever courses in the junior year?

Minimum requirements for business program:

Interview to enter business program:

Recommended

Additional application requirements for freshman admits:

N/A

Additional requirements for internal transfers:

N/A

Total number of full-time applications for entire college:

4,318

International applicants, entire college, 2008-09:

920 %

Female applicants, entire college, 2008-09:

34 %

Selectivity--applicants admitted to undergraduate business program, 2008-09:

35 %

Yield -- applicants enrolled in undergraduate business program, 2008-09:

33 %

Relative Importance of Application Elements:

Secondary School Record:

Very Important

Class Rank:

Very Important

Talent/Ability:

Considered

Interview:

Considered

Extracurricular Activities:

Important

Volunteer Work:

Considered

Character/Personal Abilities:

Very Important

Application Essay:

Very Important

Work Experience:

Considered

SAT/ACT Scores:

Very Important

Recommendations:

Very Important

High School GPA:

Very Important

Admissions program managed by:

The university admissions office

Total undergraduate business program applicants, 2008-09:

4,318

Applicants enrolled in undergrad business program 2008-2009:

33 %

Applicants admitted to undergraduate business program, 2008-09:

35 %

CLASS PROFILE

Class Profile:

Female: 45 %
International : 32 %

Entering students by age:

Mean: 18
Median: 18

Citizenship of Entering Students

U.S.: 68 %
Canada: 1 %
Other countries: 31 %
Unknown: 0 %

Percentage of US citizens in entering class who are:

African American: 6 %
Asian American: 18 %
Hispanic or Latino American: 11 %
Multiethnic/Multiracial : 0 %
Native American: 1 %
White (Non-Hispanic): 56 %
Chose not to report: 6 %
Other: 2 %

Entering students from the following region:

Northeast: 72 %
Mid-Atlantic: 3 %
South: 11 %
Southwest: 3 %
Midwest : 4 %
West: 7 %
Possessions and territories: 0 %

SAT Scores for full-time entering business students on 1600 scale:

Mean: 1254
Median: 1290

SAT middle 50% range on 1600 scale:

From: 1,210
To: 1,400

ACT Scores for full-time entering business students:

Mean: 28 Median: N/A

ACT middle 50% range:

From: 25
To: 29

Percent of Students Who Were In:

Top 10% of high school class

44 %

Top 25% of high school class:

82 %

FINANCIAL AID

Financial aid handled by:

Central financial aid office at the university

Institutional scholarship money distributed to undergraduate business students in previous academic year:

$ 18,731,567

Institutional scholarship money to be distributed to undergraduate business students in current academic year:

$ 20,872,000

Scholarships awarded to students in the business program based on:

A combination of need and merit

Scholarship consideration process:

As part of the admissions application

Other scholarship considerations:

N/A

Students receiving institutional scholarships for 2008-09 academic year:

48 %

Undergraduate business students with full-tuition scholarships 2008-09:

4 %

Percentage of institutional scholarship money distributed to business students based on merit, 2008-09 year:

87 %

School offers guaranteed loans:

Yes

Financial aid web site

http://www.babson.edu/ugradaid

Academics & Lifestyle

PROGRAM BASICS

Business students who graduate within four years:

83 %

Business students who graduate within 6 years:

89 %

Freshman retention rate:

97 %

PROGRAM REQUIREMENTS

Credit hours required for graduation:

Degree: BS
Hours: 126

Other degree requirements:

N/A

ACADEMICS

Average class size in required business courses:

Average class size in business electives:

Class size:

Classes with fewer than 20 students: 16 %
Classes with 21 to 50 students: 74 %
Classes with more than 50 students: 10 %

Required business courses that reached maximum enrollment by the first day of class, previous academic year:

75 %

CURRICULUM

Number of elective courses available in business program:

Electives added current year:

Entertainment Law
Social Enterprise Management
Product Design Development
Retailing Management
Probability for Risk Management

Year of the last major change to the business program's core curriculum:

2006

Leading areas of study:

Accounting

Economics

Entrepreneurship

Finance

Marketing

Special programs for business students:

Undegraduate students can choose up to two concentrations before graduation. Students that focus their studies in accounting can begin studies toward a Master of Science in Accounting in the final semester of their senior. Leadership programs such as the Honors Program, Coaching for Leadership and Teamwork Program, Weissman Scholarship Program, Enrico Scholarship Program, Women's Leadership Program and Management Consulting Field Experience are also special programs available to students as co-curricular experiences.

Business program offers work study or co-op opportunities:

Business program offers study abroad opportunities:

Yes

Study abroad program description:

Through Babson's global network, students can study at 47 institutions in more than 26 countries, taking courses that are in line with academic goals and personal interests. Students can study for a semester, for an entire year or participate in a two- or three-week short course during winter break. Nearly 150 Babson students study abroad each year.

Volunteer work and community service opportunities:

Yes

Volunteer opportunities description:

The Bernon Center for Public Service works with community-based organizations to coordinate events and programs throughout the year for students to bring assistance and awareness to those in need. In addition to the activities coordinated through the Bernon Center, Babson has many global service-learning projects that allow students to practice globally responsible leadership by travelling to all parts of the world to teach entrepreneurship and business to local students, adult learners and business owners. Service experiences are also embedded in the classroom. Examples include community service as part of a required first year management course and a required intermediate core business course.

Business clubs and extracurricular activities:

Association of Latino Professionals in Finance & Accounting (ALPFA)
Babson Accounting Club
Babson Emerging Markets
Babson Entrepreneurial Exchange
Babson Investment Banking Association
Real Estate Club
Babson Sales Organization
Babson VC and Financing Club

FACULTY

Faculty:

Full-time faculty : 81
Adjuncts and visiting faculty: 42
Permanent/tenured professors: 50
Percentage of permanent/tenured professors who are women: 36
Percentage of permanent/tenured professors who are underrepresented minorities: 6
Percentage of permanent/tenured professors who are also members of company boards of directors or of advisors: 6
Percentage of permanent/tenured professors who are business owners: 2

Prominent faculty:

Candida Brush
Allan Cohen
Thomas Davenport

STUDENT LIFE

Largest on-campus organizations for business students:

Babson Emerging Markets Club
Babson Investment Banking Assocation
Entrepreneurship Tower
Investment Tower
Babson Entrepreneurial Exchange

Freshmen are required to live on campus:

Yes

Business students are grouped in learning communities:

Yes

TECHNOLOGY

Wireless network available:

Yes

Technological improvements made in the last three years:

- Implemented mass notification system (Send Word Now) - Capability added so students and parents can add money to the student OneCard for use in campus dining facilities - Extended wireless access to all classrooms on campus - Implemented the RightAnswers application for extended online self-support - Installed Faronics Power Save application to reduce energy consumption from desktop and laptop computers - Expanded use of Elluminate application to include classroom, speakers, and student groups - Implemented Wimba and Pronto classroom collaboration tools - Upgraded to Sharepoint 2007 for campus collaboration and content management

Trading laboratory available:

Yes

Alumni Affairs & Careers

ALUMNI

Total number of undergraduate business program graduates since inception:

19,418

Total living alumni:

16,818

Percent of alumni who gave, 2007-08 academic year:

19 %

Mean alumni gift 2007-08:

$ 2,003

Median alumni gift, 2007-08:

$ 100

Single donation in excess of $10 million in 2007-08?

Prominent alumni:

Name: Arthur Blank
Title: Owner, Atlanta Falcons; Founder, Home Depot
Name: Roger Enrico
Title: Chairman, DreamWorks Animation
Name: Ernesto Bertarelli
Title: CEO of Serono, America's Cup Yacht Race Winner

CAREER SERVICES

Percent of 2008 graduates who provided employment information:

77 %

Seeking full-time employment in business: 96 %
Not Seeking full-time employment in business: 4 %

Number of companies recruiting undergraduate students on campus in previous academic year:

833

Companies that posted full-time job offers/positions on school job boards, previous academic year:

791

Other activities and services provided for business majors:

The Undergraduate Center for Career Development has developed a variety of in-person and online program offerings for students to enhance their skill sets and develop useful internship and job search strategies. The more than two-dozen programs include résumé and cover-letter basics, interviewing skills, negotiating offers, and network and informational interviews. Many of these programs happen in collaboration with alumni and current recruiters. With their support, the content is closely linked to current market trends and needs. The Career Development staff meet with students for individual career-advising appointments—whether a brief consultation during drop-in hours, or a full career assessment to assist students in the career decision making process. Yearly programs such as the Internship Fair and Career Expo also bring more than 100 organizations for those events to campus to recruit Babson students. In addition to these major recruiting events, many employers hold information and recruiting sessions on the Babson campus. Through our online workshops and Web-based recruiting system, Babson Career Connections, students and recruiters have 24-hour access to job and internship search assistance. Also, the Management Consulting Field Experience (MCFE) Program strengthens and develops relationships with Boston area organizations by offering undergraduate students the opportunity to work with local companies as consultants. And finally, an externship is a job-shadowing experience that lasts just two days, but provides students an opportunity to observe professionals on the job and gain an understanding of a career or industry in a focused and informative environment.

Job offer results, 2008 graduates:

Received first job offer by graduation: 85 %
Received first job offer more than 3 months after graduation: 12 %
Did not report having received a job offer: 3 %
Accepted first job offer by graduation: 75 %
Accepted first job offer more than 3 months after graduation: 21 %
Did not report having accepted a job offer: 4 %

Top hiring firms:

PricewaterhouseCoopers
Lehman Bros.
Merrill Lynch
KPMG LLP
Deloitte Touche Tomatsu
JPMorgan Chase & Co.
General Electric
UBS
International Bus. Machines

Accenture
BDO Seidman LLC
Monster Worldwide, Inc.
Sail(Proud) Apparel LLC
VistaPrint
Raytheon Company

Graduate compensation:

Mean base salary: $ 51
Median base salary: $ 50

Grads accepted jobs in following functional areas:

Consulting: 12 %
Finance/Accounting: 43 %
General Management: 7 %
Human Resources: 0 %
Management Information Systems: 4 %
Marketing/Sales: 15 %
Operations/Production: 7 %
Logistics/Transportation: 0 %
Other: 12 %

Grads accepted jobs in following industries:

Accounting: 11 %
Consumer Products/Retail: 10 %
Consulting Services: 12 %
Financial Services: 28 %
Government/Education: 5 %
Pharma/Biotech/Health: 1 %
Manufacturing: 4 %
Media/Entertainment: 5 %
Petroleum/Energy: 0 %
Real Estate: 5 %
Sports/Leisure: 0 %
Technology/Science: 9 %
Non-Profit: 3 %
Transportation: 0 %
Utilities: 0 %
Other: 7 %

Percentage of job acceptances, US and Canada:

US: 100 %
Canada: 0 %

Grads accepted jobs in the following US regions:

Northeast: 85 %
Mid-Atlantic: 4 %
Midwest: 4 %
South: 3 %
Southwest: 2 %
West: 2 %
US Possessions/Territories: 0 %

Number of companies recruiting interns on-campus, 2007-08 academic year:

Internship postings on job boards, previous academic year:

393

Top internship recruiters, 2007-08:

PricewaterhouseCoopers
Lehman Bros.
UBS
Citigroup Inc.
Merrill Lynch
General Electric
JPMorgan Chase & Co.

IPC Systems Inc.
KeySpan
Smith Barney
Fidelity Investments
Raytheon
New England Consulting Group
Houghton Mifflin Publishing Company
BAE Systems
Middlesex Savings Bank
Arnold Worldwide

Percentage of internships that were paid, previous academic year

80 %

Mean internship compensation per week:

$ 840

Median internship compensation per week:

$ 640

Average internship, in weeks:

Graduate Comments

Students' praise the school's strong emphasis on entrepreneurship, teamwork and unique business opportunities. The recruiting on campus is very limited to the north east region. I would recommend improving on national and even international level.

Babson is a small school, but because of its size you'll find that there is no bureaucracy when you want to initiate change. Students also get the benefits of personal attention, intimate classroom settings, and a strong sense of community at Babson.

My undergraduate business experience has been blessed by one word in particular thanks to Babson: opportunity. I have studied abroad three times through semester at sea, an internship and class at the London School of Economics, and then a semester abroad in Hong Kong. I have gone twice to Africa, Uganda and Rwanda, in order to implement sustainable entrepreneurial ventures, and I have started my own business. In addition, I have pursued any other extracurricular activity offered and managed to throw my theoretical academic education into a practical real-world environment in numerous aspects. I have also expanded my innovativeness and out-of-the-box thinking capabilities simply by breathing the Babson air. It is in all honestly, simply the best business program offered.

From the first day moment I was on campus I was being trained to think like an entrepreneur. Every person on campus has a very strong desire to get out in the world and be the best they can be. When you walk around campus you are guaranteed to hear a least one group of students discussing their business or some new venture they are developing.

Specialized business classes, unique field experiences and co-op type programs, advanced topical material in all classes, and an extremely qualified staff.

The emphasis on real world teachings and practical education. The ability to start your own business as a freshman allows you to get your hands dirty and learn first-hand the varying pieces of a business which must all churn together in harmony to succeed. It is from this experience that the education builds on and students take upon a certain focus, whether it be finance, management, informational technology etc. There is a large focus on case studies and group/team assignments which also help to provide extensive preparation for the real world and post-graduation opportunities.

Babson really prepares us for the real world. I am already a senior and during my time at Babson I ran a business my freshman year, consulted for a multibillion dollar Swiss company on their US pricing strategy my junior year, and next semester I will be implementing new business wide software for another company. And that is just what I have done as part of my classes. My bosses throughout my three internships have always mentioned how nothing is too much work for a Babson student. We laugh at 50 hour work weeks and are very quick learners.

The focus on teamwork and entrepreneurship give the program a holistic approach to business problems. Students at Babson are incredible, out-of-the-box thinkers.

Combining of entrepreneurship and a business management education provides a very unique education. Many Babson students can view business problems from both the management's perspective and an entrepreneurial one.

I feel that all the professors here are excited when they teach. It's rather funny, but I often times think that it pleases them to have us learn their lectures. The staff has a genuine interest to educate the students well and this makes us feel ready to learn at all times.

In addition, the students that are enrolled here are all so diverse. I've met incredible kids, and have shared incredible times with people from literally all around the world. I believe that college will be an experience that I will carry in my heart forever as I have been changed drastically in these past years.

Practical experience, an entrepreneurial attitude--students are given the tools and self- confidence to venture off on their own, professors who teach their classes instead of TAs and they have tremendous experience on their respective topics.