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Babson College, located in Wellesley, Massachusetts, is a private business college which grants BS, MS and MBA degrees. Babson is associated with nearby Olin College, located in Needham, Massachusetts. Olin college, which is smaller, has arranged to share many of Babson's facilities, and students from each college can cross-register to take classes from the other.
In the 2003–04 academic year, there were 1,717 undergraduate students and 1,625 graduate students at Babson. Approximately 40 percent of the student body is female and 60 percent male; about 20 percent of the undergraduates and 16 percent of the graduate students are from outside the United States.
Babson's "E-Tower" is an alternative housing option for entrepreneur students. Started in 2001, the building is a meeting place for brainstorming sessions, dinners with entrepreneurs, and other activities designed to foster an entrepreneurial community.
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The undergraduate curriculum integrates business disciplines and liberal arts into foundation, intermediate, and advanced-level courses. All first-year students participate in the Foundation Management Experience (FME), a yearlong immersion into the world of business where student teams create their own for-profit ventures. At the completion of FME, the businesses are liquidated and any profits are donated to a charity of choice. Babson teaches accounting, marketing, finance, management operations, organizational behavior, and economics in one integrated three-semester course, the "Intermediate Management Experience". As part of the Advanced Program, students design their own learning plans, which can consist of upper-level elective courses in liberal arts and management, field-based experiences, and cocurricular activities.
The F.W. Olin Graduate School of Business at Babson College provides four degree programs intended to cultivate entrepreneurial thinking that students can apply in start-up ventures and the corporate environment. The accelerated one-year, full-time MBA program is designed for students who have an undergraduate degree in business and at least two years of post-graduate work experience. The full-time two-year program features a modular curriculum that integrates the functional disciplines of business into one cohesive program. The Evening MBA part-time program provides an integrated learning approach to the key functional areas, which students can immediately apply to their work.
Babson College was founded by Roger Babson on September 3, 1919, as the "Babson Institute." It was renamed "Babson College" in 1969.
In 1992, a radical curriculum change Babson's Graduate School of Business's radical new curriculum made headlines in the Boston Globe, which wrote that in fall of 1993 the school
The 25-ton, 28-foot diameter Babson Globe is a notable campus landmark. Built in 1955 by Roger Babson at a cost of $200,000, it rotated both on its axis and its base, demonstrating both day and night and the progression of the seasons.
It was allowed to deteriorate; the facing tiles fell off in 1984, and by 1988 it had the appearance of a rusty sphere. The Babson administration announced that it would be destroyed, but outraged students, faculty and alumni began a drive to raise money for its restoration. In 1994 the globe itself was refurbished, but it no longer rotates. It was for many years the largest rotating globe in the world and, as of 2005, the second-largest one ever built. (For the largest, see Eartha).
The former Coleman Map Building, now Coleman Hall, once housed a very large relief map of the United States, but it was destroyed circa 1997 when the building was remodelled into student housing.