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Nichols College is a small, private college founded in 1815, and it is located in Dudley, Massachusetts, which is near the Connecticut and Rhode Island borders. The student population consists of around 1,600 students, of which almost 85% are undergraduates. Most students attend Nichols to pursue leadership roles in education and business. Programs are all geared toward learning approaches that will result in career opportunities and a professional-based education.
Overview of Nichols College
The central focus of courses is also about experiential business learning practices and research so that students are career ready upon graduation. Students will also learn cultural and ethical behavior, communication skills, decision-making capabilities, and critical thinking. Programs help expose students to working in diverse environments and the realities of a global economy. To ensure students receive the best in education, the college and various programs are accredited by highly regarded organizations such as the NEASC, IACBE and COSMA.
For a complete college experience, Nichols offers amenities, resources, and programs outside of traditional classroom attendance. Dozens of organizations and clubs are available for students to show an interest in personal and professional development. Outward bound programs are available for leadership development and self-growth opportunities. Students can participate in athletics, from squash to climbing walls. Community service is highly encouraged throughout the duration of attending Nichols College and there is even a functional trading room.
|School Type||Private not-for-profit|
|Campus Setting||Suburb: Large|
|Student Faculty Ratio||17:1|
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|High School GPA||Required|
|High School Rank||NA|
|High School Transcripts||Recommended|
|College Prep Courses||Recommended|
|TOEFL (Test of English as a Foreign Language)||Recommended|
|Application Deadline||December 1|
|Common Application Accepted||Yes|
Tuition Cost & Financial Aid
As with many small, private colleges, Nichols is more expensive than state, public schools. One year’s tuition is $35,940 for all students. Around 91% of students receive financial assistance in some form, from scholarships to grants, as a way to supplement the cost of higher learning. With the help of student loans and other financial aid, the net price average lowers to $28,532. Additional finances will be necessary to pay for room and board, class fees, supplies and books - at around $18,000 a year.
It’s possible to lower the amount of money borrowed to attend college by working at the same time as taking classes. Some students choose work study, part-time jobs, or full-time jobs. Today, most internships are paid, as well. However, you should make sure not to forget to account for the amount of money one might require for entertainment and lifestyle expenses each year such as movies, streaming, eating out, delivery fees, taxes, transportation, and more.
|Average net price||2018-2019|
|Average Total Aid||$23,135|
|Students Receiving Financial Aid||100%|
|Room & Board||$14,250|
- Tuition In-State - $35,940
- Tuition Out-of-State - $35,940
- Books and Supplies - $1,400
- Room & Board - $14,250
- Other - $2,200
Those who are students at Nichols can expect a wide array of major offerings under the BSBA program including corporate finance and investments, digital and social media marketing, sport management, international business, human resource management, criminal justice management, and more. A Bachelor of Arts is also available in various majors such as history, psychology, economics, mathematics, professional development, and others.
In addition to bachelor’s degrees, students can select from minors and master’s degrees. Certificates are available as a way to provide extra professional value in various areas, such as entrepreneurship and analytics. It’s even possible to complete accelerated dual degree programs including 3+1 MSA, 4+1 MBA, and a 4+1 MSA. These programs offer study abroad opportunities, and program participants save time and money by completing both a bachelor’s degree and master’s degree at the same time. Some students also choose dual undergraduate degrees.
The retention rate is 75%, which is reasonable. However, the graduation rates for four years and six years are somewhat lower than average at 52% and 59% respectively. And, for a small school, the student-to-faculty ratio is a bit high at 17 to 1. It is possible that part of the reason for low graduation rates might be that students determine business is not the right career path for them. As a result, they might transfer to a school with more diverse academic offerings. Another reason could be that students have full-time jobs while they complete courses.
Student Population Total
Most Popular Programs & Majors
(# of Diplomas Awarded by Subject)
|All Business Majors||193 Total Graduates / 69%|
|Business/Commerce, General||68 Graduates|
|Marketing/Marketing Management, General||35 Graduates|
|Finance, General||18 Graduates|
|Parks, Recreation, Leisure, and Fitness Studies||39 Total Graduates / 14%|
|Sport and Fitness Administration/Management||39 Graduates|
|Homeland Security, Law Enforcement, Firefighting and Related Protective Services||24 Total Graduates / 9%|
|Criminal Justice/Safety Studies||13 Graduates|
|Criminal Justice/Law Enforcement Administration||11 Graduates|
|All Psychology Majors||14 Total Graduates / 5%|
|Psychology, General||14 Graduates|
|History||3 Total Graduates / 1%|
|History, General||3 Graduates|
|English Language and Literature/Letters||3 Total Graduates / 1%|
|English Language and Literature, General||3 Graduates|
|All Other Diplomas||1%|
Outcome & Salary
As part of the pathway to success, all students will have the requirement of participating in experiential learning opportunities or internships. Students will also give dozens of presentations over the years and receive assistance with interviews, resumes, and cover letters. To perfect their career readiness, students will also engage and participate in student clubs and organizations along with community activities. The clubs and organizations are available for both personal and professional interests including sports, academics, dance, games, meditation, special interests, and more.
Essential skill development will also be achieved through education and experiences at Nichols to function positively in today’s global society including communication, critical thinking, quantitative analysis, ethics and personal accountability, civic and social engagement, leadership, teamwork, and more. Career services will help students to find the right employers through career fairs, internships, and professional development. Just a few of the employers that attend such events and hire graduates are the FBI, IBM, Aetna, Fidelity Investments, New York Red Bulls, and the Kraft Group.
|College Grads Early Career Salary||$51,900|
|College Grads Average Salary||$66,044|
|College Grads Mid Career Salary||$93,200|
|Return on Investment (ROI)|
|10 Year Salary Earnings Potential||$660,440|
|20 Year Salary Earnings Potential||$1,592,440|
|Cost of Education (Net Price) 4 Year||$114,128|
|10 Year Projected ROI||$546,312|
|20 Year Projected ROI||$1,478,312|
|No College Education Salary Comparison|
|National Average Salary||$38,792|
|10 Year Projected Income||$387,920|
|20 Year Projected Income||$775,840|
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