Babson College, locate in Wellesley, Massachusetts (zoned as "Babson Park," ZIP code 02457), is a private business school that grants all undergraduates a Bachelor of Science in Business Administration. The F. W. Olin Graduate School of Business at Babson College offers MBA degrees. Babson is associated with the nearby Franklin W. Olin College of Engineering, located in Needham, Massachusetts. Programs are accredited by AACSB and the New England Association of Schools and Colleges.