WELLESLEY, Mass., Sept. 26, 2016 /PRNewswire-USNewswire/ -- Babson College undergraduate alumni enjoy median salary earnings of approximately $86,700 10 years after entering college, according to the new U.S. Department of Education College Scorecard. This is more than double the national average of $33,800 among former undergraduates who received federal financial aid.
The U.S. Department of Education ranks Babson No. 2 among its national business program peers in terms of alumni earnings and No. 7 among all private nonprofits.
"Babson College provides a unique and transformative experience that prepares graduates to successfully transition from college to the workplace and to hit the ground running in whatever organization they choose to join or start," said Babson College President Kerry Healey. "While we celebrate the fact that our undergraduate alumni earnings and return on investment are among the highest in the nation, we know that the value Babson alumni create goes far beyond personal, financial gain and extends to their families, companies, and society as a whole."
According to the College Scorecard, the institution enjoys a graduation rate of 91 percent compared to the national average of 42 percent, while 94 percent of students return after their first year compared to the national average of just 68 percent.
Of all the colleges in Massachusetts, Babson also is among the leaders in alumni earnings, alongside MIT and Harvard.
"The U.S. Department of Education Scorecard is further evidence of the impact of a Babson College undergraduate education and it recognizes the role our alumni have in applying the power of thinking and acting entrepreneurially in startups, some of the world's most innovative companies, and in the nonprofit and government sectors. Babson College's transformative undergraduate educational experience changes the lives of not only our alumni but also the people, businesses, and communities they come in contact with," said Babson Undergraduate School Dean Ian Lapp.
About the U.S. Department of Education College Scorecard
The Department of Education is committed to ensuring students and families have the information they need when considering postsecondary options to inform their decisions. The College Scorecard will continue to provide critical data elements, including the costs students can expect to pay according to their family income; their likelihood of completing with a degree at that institution; and alumni earnings 10 years after first entering the school. We are dedicated to improving the Scorecard each year so that it will become an even more useful tool.
About Babson College
Babson College is the educator, convener, and thought leader of Entrepreneurship of All Kinds®. The top-ranked college for entrepreneurship education, Babson is a dynamic living and learning laboratory where students, faculty, and staff work together to address the real-world problems of business and society. We prepare the entrepreneurial leaders our world needs most: those with strong functional knowledge and the skills and vision to navigate change, accommodate ambiguity, surmount complexity, and motivate teams in a common purpose to make a difference in the world, and have an impact on organizations of all sizes and types. As we have for nearly a half-century, Babson continues to advance Entrepreneurial Thought & Action® as the most positive force on the planet for generating sustainable economic and social value.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-department-of-education-again-ranks-babson-college-among-top-colleges-for-undergraduate-alumni-earning-300334059.html
SOURCE Babson College