Considering the Top Undergraduate Business School for You? Babson Might Be the Right Fit.
A school such as Babson College in Wellesley, Massachusetts, has the ability to attain, retain, and graduate its students due to its small size and niche as a leading entrepreneurial business school. According to Forbes, Babson has a 96% retention rate, an 89% four-year graduation rate, and a 92% six-year graduation rate. And, getting into the workforce sooner allows you to start earning a salary more quickly.
Some of Babson’s Rankings as a Top Undergraduate Business School
According to PayScale, Babson College fares well in terms of ROI:
- Babson is the #1 private business college for ROI
- Babson alumni enjoy a 20-year net ROI of $795,000
- Ninety-nine percent of the Class of 2020 was employed or attended graduate school within six months of graduation
- That same class had an average starting salary of $62,399
Also according to PayScale, Babson College is the top-ranked business school by salary potential:
- $73,000 for early-career salary
- $146,200 for mid-career pay
- $62,399 average starting salary for graduates of the class of 2020*
*Based on a knowledge rate of 78%
Location Is Just a Part of the Overall Picture. But, It Still Helps.
According to Murphy, location is a factor in Babson’s overall value, but also not a limitation.
“Because we are in the suburbs of a major city, a major hub in the United States, we have access to resources, people, and organizations, and the innovation that happens in the greater Boston area. That doesn’t happen on this scale in other parts of the country. We are second to Silicon Valley in the number of startups so that geography is advantageous. But, we’re also not limited by that geography because we’ve cultivated the global network from day one. Diversity has been one of our core values from our founding as an entrepreneurship Institute over 100 years ago,” Murphy said.
And What about Alumni, Diversity, and Lifelong Learning?
The best business schools will have strong alumni networks that help ensure students reach high levels of prestige. Successful business people love lending a hand to recent grads of their alma mater. Having the CEO in your alumni network gives you a leg up on the competition. Babson boasts an alumni network that is 43,000 strong, who are here to help graduates succeed both personally and professionally. And, part of that is global diversity.
According to Minden, a diverse alumni community is important in today’s globally connected world. “Understand what type of leaders a school produces. Babson is a community of problem-solvers who develop scalable solutions to complex global problems, lead with empathy, and create economic and social value for the world. It is global and diverse. And, these are all factors that should go into your decision in today’s interconnected, global business world. This is not just a four-year decision, you will be a part of a school’s community for the rest of your life,” said Minden.
2020 Snapshot of Babson Undergraduate Outcomes:
- 99% of students were employed or are continuing their education*
- 6% of students started their own venture*
- 91% of students had at least one internship while at Babson
*Within six months of graduation and based on a knowledge rate of 78%
Not everyone can go to the top business schools in the world, so it’s essential to be well-informed so that you can choose the right school for you. This could be one of the most important decisions you ever make. Take your time, ask questions, and then, go for it!