For a second-straight year, a small college in Massachusetts has beaten out some very big names in higher education on the Wall Street Journal's ranking of the best universities in America.

Babson College in Wellesley was ranked second again, behind only Stanford University on the newspaper's list . Harvard University was 5th, and MIT was No. 11.

The Journal says its list looks different from other school rankings because its main focus is determining how well a college prepares its students for financial success.

"97.7% of our undergraduates who graduate have a job or are in grad school within six months after that graduation, and their average starting salary is well over $77,500," Babson's vice president of enrollment management Ruthanne Madsen told WBZ-TV.

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