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Couple of things to point out. I can't speak for Bentley, but Babson's business education is absolutely top notch. Liberal arts there are a joke (whoever made that comment doesn't know what they're talking about), but your first two years at Babson are brutal with a lot of project work and more writing/public speaking than most people can handle.
Babson's undergraduate program is strongest in strategic management (3rd in the country) and entrepreneurship (1st in the country). Almost all of the professors are practitioners - there are very few career academics. Don't worry about the differences between their undergraduate program and their MBA program as they are essentially one in the same with the same professors and overall course structure (minus FME/OEM for the MBA program). Also, Babson's finance program is or was stronger than Bentley's before the banking crisis thanks to solid alumni connections... at a lot of top bulge brackets that no longer exist (Lehman and Bear Stearns come to mind). That being said, Bentley gets the nod in accounting and economics, and I have been told that they have a pretty strong marketing program as well, although I cannot verify this.
I'm obviously biased, but Babson has the better national reputation. To each his own, but I think it would be foolish to pick a regional accounting school over the best independent business program in the country. Don't know if I would go with it over Wharton, but in this case it's the obvious pick.
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