On September 3rd, the Babson Institute opened its doors at Roger and Grace’s Abbott Road home in Wellesley. The Institute began with 27 students, high hopes, and Roger W. Babson as its first President.
The Babson Institute offered a one-year Certificate in Business Administration also called a Certificate in Management. The program presumed some business and/or college experience.
Ralph B. Wilson was the first employee of the new Babson Institute and Austin Fittz the first member of the faculty.
The first class graduated in June received one year Certificates in Business Administration with Arthur M. Cleveland of Plymouth, Indiana, receiving the first Babson diploma.
The Institute is housed in the Washington Street (Wellesley) building that was the former home of the Babson Statistical Organization. The building is now known as the Stuart Building.
George William Coleman, a prominent Boston civic leader, becomes the second President of the Babson Institute.
The Babson Institute is incorporated in the Commonwealth of Massachusetts.
Roger Babson purchases 69 acres of Edward Lyon’s farm as a residential base for the campus.
The campus founding date seems to be November 23rd.
Alice Coleman becomes the first female member of the Babson Institute Board of Trustees.
Boston architect George F. Marlowe is hired to design the first buildings (Georgian style, at Mr. Babson’s request) and John Nolen is retained to design the campus grounds. A plan is made and construction begins on campus buildings.
The Babson Institutes’s first four buildings open: the Administration Building (named Mustard Hall in 1975 and now the home of the Lunder Admissions Center), Bryant Hall, Lyon Hall (renamed Luksic Hall in 1996), and Knight Auditorium.
The Commonwealth of Massachusetts charters the Babson Institute for the purpose of “furnishing education in all matters.”
Babson Institute begins a two-year Certificate of Business Administration program. This effectively drops the “some college” requirement for admission to the Institute allowing recent high school graduates to apply.
President Coleman writes about the founding years of Babson Institute.
George W. Coleman retires after 14 years as President of the Babson Institute. He is granted “Emeritus” status. Northeastern University Dean, Carl David Smith becomes the 3rd President of Babson Institute.
The “Ancient Royal Order of the Goat,” founded by Dean John Millea during Babson’s earliest days continues to grow with members never quite sure why they were selected. The organization ends with Millea’s joining the U.S. Army after the U.S. entry into WWII.
Babson’s Retorts, a parody of the founder’s primary publication, produces two issues.
The Student Handbook from 1937 begins: “The objectives of Babson Institute emphasize the training of men [sic] in practical business principles and the raising of ethical standards of business administration and executive control, the development of proper habits of work by observing business hours in a business environment and by making efficient use of each day. They further emphasize that soundness of character and moral integrity are fundamental to worthwhile achievement in life.”
The Fore-Parlour from Sir Isaac Newton’s St. Martin Street residence is purchased for 450 Pounds Sterling. The room is to be placed in the new Babson Institute Library.
Eleanor Haywood, B.S. (Simmons), M.B.A. (Boston University), M.S. (University of Wisconsin) leaves Babson for the W.P.A. after 19 years as Registrar and Librarian and the de facto engine that made things work.
Chester W. Cleveland, Class of 1921, becomes the first Babson graduate to receive an honorary degree.
The Babson Institute Library is dedicated on October 14th.
The library handbook provides instruction: “No man can hope to learn more than a small portion of collected knowledge, but to know where and how to find what is desired often will point the way to success or failure.”
The Commonwealth of Massachusetts grants authority to award a Bachelor of Science in Business Administration (B.S.B.A) degree for the completion of a three-year program. The ability to grant Masters of Business Administration (MBA) degrees is granted at the same time and is put on hold until 1951.
The U. S. Navy uses Babson facilities for training its supply officers as Babson Institute is closed on June 8th for the duration of the war.