Babson College (164580)

www.babson.edu

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2023 Undergraduate Tuition

$56,032

1.98% growth from 2022

2023 Average Net Price

$30,220

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

19.7%

7,995 Applicants

2023 Enrolled Students

3,943

85.8% Full-Time

2023 Graduation Rate

92.4%

508 Graduates

About

Babson College (164580) is a higher education institution located in Norfolk County, MA. In 2023, the most popular Bachelors Degree concentrations at Babson College (164580) were General Business Administration & Management (702 degrees awarded).

In 2023, 1,323 degrees were awarded across all undergraduate and graduate programs at Babson College (164580). 41.3% of these degrees were awarded to women, and 58.7% awarded men. The most common race/ethnicity group of degree recipients was white (425 degrees), 3.79 times more than then the next closest race/ethnicity group, asian (112 degrees).

The median undergraduate tuition at Babson College (164580) is $56,032, which is $40,868 more than the national average for Special Focus Institutions ($15,164).

In 2020 the default rate for borrower's at Babson College (164580) was 0%, corresponding to 0 out of the 405 total borrowers.

Special Focus Four-Year: Business & Management Schools Special Focus Institutions

Costs

In 2023, the median undergraduate tuition at Babson College (164580) is $56,032, which is $40,868 more than the national average for Special Focus Institutions ($15,164).

After taking grants and loans into account, the average net price for students is $30,220.

In 2023, 39% of undergraduate students attending Babson College (164580) received financial aid through grants. Comparatively, 26% of undergraduate students received financial aid through loans.

Tuition Costs

$56,032

2023 Undergraduate Tuition

In 2023, the cost of tuition at Babson College (164580) was $56,032. The cost of tuition at Babson College (164580) is $40,868 more than than the overall (public and private) national average for Special Focus Institutions ($15,164).

This chart compares the tuition costs of Babson College (164580) (in red) with those of other similar universities.

Average Net Price

$30,220

2023 Value

6.41%

1 Year Growth

In 2023 Babson College (164580) had an average net price — the price paid after factoring in grants and loans — of $30,220. Between 2022 and 2023, the average net price of Babson College (164580) grew by 6.41%.

This chart compares the average net price of Babson College (164580) (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$19,028

Room and Board

$1,254

Books and Supplies

The average yearly cost of room and board at Babson College (164580) was of $19,028 in 2023. The cost of room and board increased by 4.35% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,254. The cost of books and supplies increased by 2.96% during the same period.

This chart compares the average student costs at Babson College (164580) (in red) with that of similar universities.

Financial Aid by Income Level

39%

Undergraduates Receiving Financial Aid through Grants

26%

Undergraduates Receiving Financial Aid through Loans

39% of undergraduate students at Babson College (164580) received financial aid through grants or loans in 2023. This represents a decline of 40.9% with respect to 2022, when 66% of undergraduate students received financial aid.

This chart compares the average award discount at Babson College (164580) (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Babson College (164580) was 0%, which represents 0 out of the 405 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Babson College (164580) received 7,995 undergraduate applications in 2023, which represents a 5.1% annual growth. Out of those 7,995 applicants, 1,578 students were accepted for enrollment, representing a 19.7% acceptance rate.

There were 3,943 students enrolled at Babson College (164580) in 2023. 30% of first-time enrollees submitted SAT scores with their applications.

Babson College (164580) has an overall enrollment yield of 39.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

19.7%

Acceptance Rate in 2023

1,578

Accepted Out of 7,995

In 2023, the undergraduate acceptance rate of Babson College (164580) was 19.7% (1,578 admissions from 7,995 applications). This is lower than the acceptance rate of 2022, which was 22.3%. Between 2022 and 2023, the number of applicants grew by 5.1%, while admissions declined by 7.18%.

This chart compares the acceptance rate of Babson College (164580) (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

30%

Submission Percentage (2023)

187

Scores Submitted (2023)

30% of enrolled first-time students at Babson College (164580) in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Babson College (164580) had a total enrollment of 3,943 students in 2023. The full-time enrollment at Babson College (164580) is 3,382 students and the part-time enrollment is 561. This means that 85.8% of students enrolled at Babson College (164580) are enrolled full-time.

The enrolled student population at Babson College (164580), both undergraduate and graduate, is 29.5% White, 13% Hispanic or Latino, 10.7% Asian, 3.98% Black or African American, 2.1% Two or More Races, and 0.0507% American Indian or Alaska Native.

Students enrolled at Babson College (164580) in full-time Undergraduate programs are most commonly White Male (19%), followed by White Female (11.3%) and Hispanic or Latino Male (8.96%). Students enrolled in full-time Graduate programs are most commonly White Male (9.02%), followed by White Female (5.56%) and Hispanic or Latino Male (2.48%).

Full-Time vs Part-Time Enrollment

85.8%

Full-Time Enrollment

The total enrollment at Babson College (164580) in 2023, both undergraduate and graduate, is 3,943 students. The full-time enrollment at Babson College (164580) is 3,382 and the part-time enrollment is 561. This means that 85.8% of students enrolled at Babson College (164580) are enrolled full-time compared with 70.4% at similar Special Focus Institutions.

This chart shows the full-time vs part-time enrollment status at Babson College (164580) (in red) compares to similar universities.

Retention Rate over Time

94%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Babson College (164580) was 94%. Compared with the full-time retention rate at similar Special Focus Institutions (73%), Babson College (164580) had a retention rate higher than its peers.

This chart shows the retention rate over time at Babson College (164580) (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
1,164 enrolled students
Hispanic or Latino
511 enrolled students
Asian
421 enrolled students

The enrolled student population at Babson College (164580) is 29.5% White, 13% Hispanic or Latino, 10.7% Asian, 3.98% Black or African American, 2.1% Two or More Races, and 0.0507% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Special Focus Institutions is 41.6% White, 19.6% Hispanic or Latino, and 14.5% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 257 students (6.52%) did not report their race.

Graduates

In 2023, 229 fewer women than men received degrees from Babson College (164580). The most common race/ethnicity group of degree recipients at Babson College (164580) is white (425 degrees awarded). There were 3.79 times more white recipients than the next closest race/ethnicity group, asian (112 degrees).

The most common Bachelor's Degree concentration at Babson College (164580) is General Business Administration & Management (702 degrees awarded).

In 2023, the most specialized majors across all degree types at Babson College (164580), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Business (1,278 degrees awarded) and Math & Statistics (45 degrees).

Common Jobs by Major

Accountants & auditors

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Babson College (164580) are Accountants & auditors (1,006,478 people), Other managers (712,180 people), Financial managers (510,779 people), Chief executives & legislators (388,134 people), and Firstline supervisors of retail sales workers (239,711 people).

The most specialized majors at Babson College (164580) in 2023 are Business (1,278 degrees awarded) and Math & Statistics (45 degrees) (as of 2023).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Babson College (164580) are Surgeons, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at Babson College (164580) are Business (1,278 degrees awarded) and Math & Statistics (45 degrees) (as of 2023).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Babson College (164580) are Elementary & secondary schools (5,586,329 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,275,256 people), Colleges, universities & professional schools, including junior colleges (2,452,532 people), Computer Systems Design (2,343,824 people), and Construction (1,303,670 people).

The most specialized majors at Babson College (164580) are Business (1,278 degrees awarded) and Math & Statistics (45 degrees) (as of 2023).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Babson College (164580).

General Business Administration & Management

Most Common (2023)

702 degrees awarded

In 2023, the most common bachelors degree concentration at Babson College (164580) was General Business Administration & Management with 702 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Babson College (164580) according to their major.

Sex Breakdown for Common Majors

776

Degrees Awarded to Men

in 2023

547

Degrees Awarded to Women

in 2023

In 2023, 776 degrees were awarded to men at Babson College (164580), which is 1.42 times more than the number of degrees awarded to females (547).

This chart displays the sex disparity between the top 5 majors at Babson College (164580) by degrees awarded.

Most Common Male Majors

In 2023, 647 degrees were awarded to men at Babson College (164580) in General Business Administration & Management, which is 1.4 times more than the 462 female recipients with that same degree.

Most Common Female Majors

In 2023, 462 degrees were awarded to men at Babson College (164580) in General Business Administration & Management, which is 0.714 times less than the 647 male recipients with that same degree.

Time to Complete

90%

100% Completion Time

94%

150% Completion Time

In 2023, 90% of students graduating from Babson College (164580) completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 94% completed their degrees within 150% of the normal time, and 94% within 200%.

The following chart shows these completion rates over time compared to the average for the Special Focus Institutions Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Black or African American Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Babson College (164580) is Male and Black or African American (100% graduation rate). Across all Special Focus Institutions, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 2.95% of graduates (15 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
425 degrees awarded
Asian
112 degrees awarded
Hispanic or Latino
101 degrees awarded

The most common race/ethnicity at Babson College (164580) is white (425 degrees awarded). There were 3.79 times more white recipients than the next closest race/ethnicity group, asian (112 degrees).

7.03% of degree recipients (93 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Male
246 degrees awarded
White Female
179 degrees awarded
Asian Female
60 degrees awarded

The most common race/ethnicity and sex grouping at Babson College (164580) is white male (246 degrees awarded). There were 1.37 times more white male recipients than the next closest race/ethnicity group, white female (179 degrees).

Operations

Babson College (164580) has an endowment valued at nearly $685M, as of the end of the 2023 fiscal year. The return on its endowment was of 32.4M (4.74%) compared to the 1.93% average return (240k on 12.4M) across all Special Focus Institutions.

In 2023, Babson College (164580) had a total salary expenditure of 244M. Babson College (164580) employs 74 Professors, 72 Associate professors and 54 Assistant professors. Most academics at Babson College (164580) are Male Professor (46), Male Associate professor (43), and Female Associate professor (29).

The most common positions for non-instructional staff at Babson College (164580) are: Business and Financial Operations, with 131 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 130 employees, and Service with 85 employees.

Endowment

$685M

2023 Endowment

3.25%

growth from 2022

Babson College (164580) has an endowment valued at about $685M, as of the end of the 2023 fiscal year. The endowment of Babson College (164580) grew 3.25% from the previous year. The value of their endowment was $672M higher than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

This line chart shows how the endowment at Babson College (164580) (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Special Focus Four-Year: Business & Management Schools Carnegie Classification grouping.

Salary Expenditure

$103M

2023 Salaries

15.5%

growth from 2022

In 2023, Babson College (164580) paid a median of $103M in salaries, which represents 42.3% of their overall expenditure ($244M) and a 15.5% growth from the previous year. This is compared to a 0.16% growth between 2021 and 2022, and a 4.14% decline between 2020 and 2021.

The median for similar Special Focus Institutions is 3.17M (40.8% of overall expenditures).

Instructional Salaries

$35.1M

Instructional Salaries

200

Number of Employees

In 2023, Babson College (164580) paid a total of $35.1M to 200 employees working as instructors, which represents 34% of all salaries paid.

This is compared to a median of $208k (5.9%) for similar Special Focus Institutions.

Occupations by Share

Professor

Most Common Instructor

74 Employees

Business and Financial Operations

Most Common Non-Instructional Employee

131 Employees

In 2023, the most common positions for instructional staff at Babson College (164580) were Professor with 74 employees, Associate professor with 72 employees, and Assistant professor with 54 employees.

In 2023, the most common positions for non-instructional staff at Babson College (164580) were Business and Financial Operations with 131 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 130 employees, and Service with 85 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Male Associate professor
Female Associate professor

In 2023, the most common demographic for instructional staff at Babson College (164580) was Male Professor with 46 employees, Male Associate professor with 43 employees, and Female Associate professor with 29 employees.

This chart shows the sex split between each academic rank present at Babson College (164580).

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