Babson specializes in curating business leaders and future entrepreneurs. Although the school offers only one undergraduate degree — a bachelor's of science in business administration — students can choose from 24 concentrations to customize their degree.

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Babson performs extremely well in Money’s evaluation of student outcomes. Grads tend to stand out in the job market, with early-career earnings topping $111,000. That’s high even compared to other schools that produce a lot of business majors. The list of ventures started by alums is impressive, including brands like Gerber, Home Depot and Zumba Fitness.

While the price tag is high, the school offers robust merit and need-based financial aid programs. As a result, the median debt after graduation is $20,000.

The suburban Boston campus draws an international crowd. About 80% of undergraduates live on campus in one of 18 residence halls. Sports are a popular pastime; Babson has 23 Division III teams, as well as more than 25 club and intramural teams. The school says that more than 1,000 students participate in some kind of athletic program.