Babson is not considered a target, but the last time I looked (class of 2011) they placed undergrads at Bank of America, Barclays, Citibank, Goldman, JP Morgan, Royal Bank of Scotland, UBS and Wells Fargo. They also placed undergrads at McKinsey and Bain, but no BCG (at least in the list that I saw). Top base salary that year was $150K
There is no “easy” way into these jobs - that includes “target” schools- where the competition can be cutthroat.
Here is an article on IB/Hedge Fund career tracks
http://www.lifeonthebuyside.com/investment-banking-to-hedge-fund/