Babson College, located in Wellesley, Massachusetts (Zoned as "Babson Park" ZIP code 02457)^[1], is a private business school which grants undergraduates a BS degree. The F. W. Olin Graduate School of Business at Babson College offers MBA degrees. Babson is associated with nearby Olin College of Engineering, located in Needham, Massachusetts. Programs are accredited by AACSB and the New England Association of Schools and Colleges.

In the 2004-2005 academic year, more than 1,700 undergraduate and 1,600 graduate students attended Babson, representing more than 48 states and 75 countries. About 19 percent of the undergraduates and 16 percent of the graduate students are from outside the United States.

Babson College was founded by Roger Babson on September 3, 1919, as the "Babson Institute." It was renamed "Babson College" in 1969.

In 1992, the radical new curriculum of Babson's Graduate School of Business made headlines in the Boston Globe, which wrote that in fall of 1993 the school

"will scrap its first-year curriculum, throwing out traditional courses such as marketing, organizational behavior and finance. In their place will be five sequential "modules" that track the life of a typical business; students will be taught functional skills only when they need them to solve a particular problem—a "just in time" approach to learning."