Columbia Business School ( CBS ) is a Columbia University business school in New York City in Manhattan, New York City. Founded in 1916, Columbia Business School is one of the oldest business schools in the world. It is one of six Ivy League business schools, and is one of the most selective top business schools.
This school belongs to the elite business school group Seven (M7) who recognizes each other as a partner, consisting of Chicago (Booth), Columbia, Harvard, Northwestern (Kellogg), MIT (Sloan), Stanford, and Penn (Wharton).
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History
The school was founded in 1916 with 11 full-time faculty members and 61 students' first class, including 8 women. Banking executive Emerson McMillin provided the initial funding in 1916, while A. Barton Hepburn, then president of Chase National Bank, provided funding for School donations in 1919. The school grew rapidly, enrolled 420 students in 1920, and in 1924 adding a PhD program to an existing BS and MS degree program.
In 1945, Columbia Business School approved the award of an MBA. Shortly afterwards, in the 1950s, the School adopted the symbol of Hermes as its emblem, reflecting the entrepreneurship of the Greek god Hermes and its relationship to business, commerce, and communications.
In 1952, CBS recognized his last class as a student. The school currently offers executive education programs that culminate in the Certificate of Business Excellence (CIBE) and full alumni status, and some degree programs for MBA and PhD degrees. In addition to the full-time MBA, the school offers four Executive MBA programs: the NY-EMBA program Friday/Saturday, the EMBA-Global program (launched in 2001 along with London Business School), the EMBA-American program launched in 2012, and the EMBA- Asia (launched in 2009 along with London Business School and University of Hong Kong Business School). Students in the jointly run program earn an MBA degree from each institution working together.
On July 1, 2004, R. Glenn Hubbard became the team's dean of Columbia Business School. Hubbard, former chairman of President Bush's Economic Advisory Council, has worked at private, government and nonprofit private intersections and plays an active role in shaping national and international economic policies, including the deregulation policies that led to Wall Street bank failures in 2008. In the documentary of Charles Ferguson 2010 , Inside Job, when asked, Hubbard explicitly stated that its political and financial connections to the government and Wall Street companies did not pose a potential conflict of academic interest.
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Campus
Today, Columbia Business School is primarily housed in Uris Hall, a newly renovated 1960s structure at Columbia's Morningside Heights campus center. The extra room, Warren Hall, is located on Amsterdam Avenue and shared with law school. Relocation is planned for a wider facility on Columbia's new campus at 125th Street in Manhattanville, currently under construction.
In October 2010, Columbia Business School announced that alumni Henry Kravis, billionaire co-founder of private equity firm Kohlberg Kravis Roberts (KKR & Co.), pledged $ 100 million to fund the expansion of Columbia Business School, the greatest prize in history. The donation will be used for the construction of a new business school site in Manhattanville in New York City, where Columbia University is expanding its campus. One of the two new school buildings will be named for Kravis. The building will be designed by Diller Scofidio Renfro. In December 2012, Ronald Perelman also donated $ 100 million for the construction of a second business school building.
MBA Program
The Columbia MBA program is highly competitive with a 16% admission rate for incoming classes in 2017. The student body is highly accomplished and diverse. Students in the class who entered in 2009 come from 61 countries and speak more than 50 languages.
The revised core curriculum, launched in the fall of 2008, represents approximately 40% of the degree requirements. It consists of 2 full courses and 12 part-time courses including Corporate Finance, Financial Accounting, Managerial Statistics, Managerial Economics, Leadership, Operations Management, and Marketing Strategy. While the first year of the program is typically aimed at completing core curriculum requirements, the second year gives students the opportunity to choose from more than 130 elective courses available in the School and equips them with more than 4,000 graduate-level classes from university graduates and other professional schools. Among the most popular choices at Columbia Business School are the Economics of Strategic Behavior, Financial Statement Analysis and Profit Quality, Launch of New Ventures, Modern Political Economy, and Seminars in Valuable Investment.
Columbia Business School has a company-class non-disclosure policy, which states that students refrain from disclosing certain grade grades, GPA, or transcripts until they receive full-time, post graduation positions. Students enter the Columbia MBA program in two tracks. The traditional fall time period is about 550 students, while the January term "J-Term" is about 200 students. Students who enter in the fall are divided into eight groups of approximately 65 students who take all the first year core classes together. J-Term students are divided into three groups. The J-Term is aimed at students who want an accelerated 18-month program that usually plans to return to previous jobs, sponsored by the company, and will not pursue a summer internship because they attend classes during the summer.
The recently launched CitiWorks program utilizes research and industry experience of the faculty and brings that perspective into the classroom through the development of new cases and teaching materials. Beginning in orientation and continuing through the core classes and electives, students are immersed in cases that use faculty research to address real-world business issues. Columbia CaseWorks challenges students to debate corporate decision-making and to develop appropriate recommendations and solutions. During the first year, students learn and discuss integrated cases that focus on one company and incorporated into several core courses. It encourages students to think about the company holistically, analyze it from the perspective of multiple disciplines.
By 2013, the initial average starting salary is $ 110,000, with a $ 30,000 median and $ 20,000 median signing bonus of other guaranteed compensation. According to Forbes magazine, 90% of billionaires with MBAs earning their wealth from finance earn a master's degree from one of three schools: Harvard Business School, Columbia Business School, or The Wharton School at the University of Pennsylvania.
Academic Division
School faculty is divided into five academic units:
- Accounting
- Decisions, Risk and Operations
- Finance and Economy
- Management
- Marketing
Focus area
Although there are no official tracks at Columbia Business School, many students choose to focus on specific areas to gain a deeper knowledge in a particular discipline. Columbia Business School offers the following focus areas:
- Accounting
- Consult
- Decisions, Risk and Operations
- Entrepreneurship
- Finance and Economy
- Health and Pharmaceutical Management
- Human Resources Management
- International Business
- Management/Leadership
- Marketing
- Media
- Personal Equity
- Real Estate
- Social Company
- Investment Value
As part of the MBA curriculum, Columbia Business School offers an Investment Value Program at the Heilbrunn Center for Graham & Dodd Investing, for a handful of selected business school students. The program includes Applied Value Investment and Special Situation Investment. Additional professors include hedge fund managers, such as Joel Greenblatt, Paul Sonkin, Ken Shubin Stein and William Von Mueffling. The program also features a complete list of guest speakers that include Seth Klarman, Michael Price, Bill Nygren, Charles Brandes, David Einhorn and Chris Browne. Leading graduates of value investment programs include Warren Buffett, Mario Gabelli, Leon G. Cooperman, Chuck Royce, Paul Sonkin and William von Mueffling.
The Entrepreneurship Program Columbia Business School trains students for four career paths: entrepreneurship in new ventures, entrepreneurship in large organizations, private equity financing and social entrepreneurship. As a result, entrepreneurship among Columbia's MBA students is on the rise, with 20 students in the MBA Class of 2007 starting their own business immediately after graduation. To complete its Entrepreneurship Program, Business School was launched, in June 2012, an entrepreneurship lab in downtown Manhattan, an incubator room for entrepreneurs.
Columbia Business School has a strong presence in consultancy. All five major new MBA employers are consulting firms, with McKinsey alone offering positions to 50 new graduates by 2014. Over 30% of recent graduates choose careers in consultancy.
MBA rating
For 2017, the national rating of the Columbia MBA program covers # 6 by Forbes , # 9 by Bloomberg Businessweek , and # 9 by USA. News and World Report . At the global level, Columbia ranked # 9 by The Economist and # 7 by the Financial Times in 2018.
In the 2017 ranking of the top 20 business schools in America, the Financial Times put Columbia # 2.
Double degree program
Columbia Business School students can combine an MBA with one in ten other professional degrees. In general, a double degree requires one year less than is necessary to complete two degrees separately. Candidates must apply separately to Columbia Business School and other degree programs.
Double degrees offered with the following schools include:
Student life
Columbia Business School Follies is a student club that works throughout each semester to gather productions where students write, choreograph, and perform comedy plays. It achieved fame in 2006 for "Every Bernanke Breathing Takes", a parody video of the Police song "Every Breath You Take". It was meant to be from Glenn Hubbard, Dean of the School of Business, in response to Hubbard being the runner-up for the Fed Chairman assumed by Ben Bernanke.
Login to MBA program
Main Admissions Statistics - Columbia MBA:
Accepted average GPA: 3.5
GMAT average received: 724
Average age admits: 28
Entry requirements include a bachelor's or equivalent degree from an accredited institution, three essays, two letters of recommendation, a GMAT or GRE score and a TOEFL or PTE score for international applicants.
Executive MBA Program
Columbia offers a variety of executive MBA programs.
The Executive MBA (EMBA) Program Friday/Saturday is a 20-month graduate program designed for individuals who are looking to improve their education without interrupting their careers. The EMBA program is taught on campus at Columbia University by a full-time faculty. The first year of the class consists of the same core curriculum as the Full-Time MBA program. Executive education is the focus of the second year. This Friday/Saturday program is targeted to individuals with about 10 years of work experience.
The Executive MBA Program (EMBA) Saturday is a 24-month college degree program designed for individuals who are looking to improve their education but can not take time away from work. This program is the same as the Friday/Saturday program, with the exception that the class only meets on Saturdays for a longer period of time.
In addition to the New York-based EMBA Program, Columbia offers three partner programs to meet the different needs and geographic distribution of prospective students. Because students in EMBA program partners must meet separate requirements from each school, they earn an MBA from each of the participating universities. Likewise, they become alumni of each university and business school and can take advantage of all the programs and privileges granted to alumni.
- The EMBA-Global Americas & amp; The European Program is a 20-month program managed in partnership with London Business School. The program enrolls approximately 70 students from around the world per year. Courses are taught by full-time faculty from both schools. During the first year, core curriculum classes take turns each month between Columbia University campuses and London Business School. The core curriculum is similar to that offered in a regular EMBA program offered separately by each school, but with a more transnational business emphasis. Second-year classes may be selected from the EMBA class portfolio offered at one or both partner schools.
- EMBA-Global Asia, run jointly with London Business School and University of Hong Kong. This 20-month program follows a curriculum similar to the EMBA-Global program. Classes are held in Hong Kong, London, New York, and Shanghai.
EMBA ratings
- # 2 worldwide, # 2 US Program, Businessweek, 2011 Executive MBA Rating
- # 2 worldwide, Financial Times, 2010, Executive MBA Level, Global-EMBA program
- # 3 US Program, # 13 worldwide. Financial Times, 2010 Ranking of the Executive MBA, Berkeley-Columbia program
- # 4 US Program, # 15 worldwide. Financial Times, 2010 Ranking Executive MBA, NY-EMBA program
- Ranked # 5 US News and World Report 2010
- # 4 The BusinessWeek Executive MBA Rating, NY-EMBA program
- # 9 Wall Street Journal Executive MBA Ranking, 2010, NY-EMBA program
MS Program
Columbia Business School offers three separate Master of Science degrees in Management Science & amp; Engineering, Financial Economics and Marketing. Admission to the program is very competitive: in 2011, there were 543 applicants for the Financial Economics program and only 10 students were accepted.
Doctoral Program
The Doctor of Philosophy (PhD) degree is offered by the Graduate School of Arts and Sciences and is managed by the School of Business. Registration is very competitive with 894 applicants in 2010 for positions in incoming classes of 18 students (2%). PhD in Management or Business is a common precursor to academic careers in business schools.
Throughout the program, students become familiar with research methods and their main field literature through research projects and directed readings. Doctoral candidates begin the program mastering basic research tools by studying subjects such as economics, behavioral sciences and quantitative methods, in addition to completing work and exams in key areas of study. Completion of work courses and exam qualifications usually takes two to three years.
The research phase begins as early as the first year, when students serve as research assistants, and continue throughout their time at School. Students gradually become more involved in the design and conduct of research and, by the end of the second year, usually produce at least one paper suitable for publication, often as coauthors with faculty members. The following years of the program are dedicated to original research and dissertation creation.
Columbia Ph.D. graduate programs have been placed in the following institutions: Harvard Business School, Wharton School, London Business School, Kellogg School of Management, Cornell University, University of Notre Dame, Stern Business School, University of Minnesota, Fordham University, Polytechnic University, Baruch College, University Washington, EWHA Womans University, University of Science and Technology Hong Kong, University of Toronto, IAE Business and Management School, Universidad Austral, and University of Texas at Austin.
Executive Education
Columbia Business School Executive Education offers specialized non-degree programs for organizations and open enrollment of non-degree programs for individuals in topics including management, finance, leadership, marketing, corporate social, and strategy. The School also offers executive certification programs, including the Advanced Management Program, the Certificate of Business Excellence and the Senior Leader Program for Nonprofit Professionals.
CIBE
The Certificate in Business Excellence (CIBE) is awarded to students completing a total of 18 days of executive education programs in a four-year period. Any executive education program at Columbia Business School can be applied towards completing the certificate.
CIBE recipients are granted full alumni status with Columbia Business School, including the following benefits of alumni:
Research centers, programs and institutes
The research centers, specialized courses, institutes, and interdisciplinary fields at Columbia Business School include:
- Arthur J. Samberg Institute for Teaching Excellence
- Behavioral Lab
- Decision Science Center
- Center of Excellence in Accounting and Security Analysis
- Global Brand Leadership Center
- Japanese Economy and Business Center
- The Columbia Institute for Tele Information
- Columbia University Center for International Business Education Research
- Competitive Strategy
- Decision Making and Negotiation
- Eugene Lang Center for Entrepreneurship
- Health and Pharmaceutical Management Program
- Heilbrunn Center for Graham & amp; Dodd Invest
- Jerome A. Chazen Institute of International Business
- Media Programs
- Paul Milstein Center for Real Estate
- Personal Equity Program
- Programs for Financial Studies
- Program on Social Intelligence
- Richard Paul Richman Business Center, Law, and Public Policy
- The Sanford C. Bernstein & amp; Center for Leadership and Ethics
- Social Entrepreneurship Program
- W. Edwards Deming Center for Quality, Productivity, and Competitiveness
People
Faculty
Columbia Business School employs 136 full-time faculty members, including Joseph Stiglitz, 2001 Nobel laureate in economics who also teaches at the International School and Public Affairs of the university; and Bernd Schmitt, Robert D. Calkins, Professor of International Business. The current dean is former Chairman of President Glenn Hubbard's Economic Advisory Council. Hedge fund teachers Joel Greenblatt and Ken Shubin Stein are currently additional professors. Bruce Greenwald taught the Value of Investment and Economic Choice of Strategic Behavior. Adam Dell, brother of Dell Inc. CEO Michael Dell, is a venture capitalist who teaches Innovation and Business Technology. Jonathan Knee teaches Media, Mergers, and Acquisitions and the author of a book entitled "The Accidental Investment Banker". James Freeman teaches Investment Banking and is CEO of a boutique investment bank of the same name. Frederic Mishkin, a member of the Board of Governors of the Federal Reserve System, resumed teaching at CBS beginning in fall 2008. Rita Gunther McGrath is a renowned member of the strategy faculty and author of four books on the subject, the most recent End of Competitive Advantage: How to Maintain a Strategy You Move As Fast As Your Business (2013, Harvard Business Review Publishing)
Alumni
Columbia Business School has over 44,000 live alumni. Some other famous alumni are as follows:
See also
- Economy
- Glossary of economic terms
References
External links
- Columbia Business School
- CBS 2016 Work Report
- "The Whiz Kids" - Forbes article on the 1969 MBA Class is considered one of the most successful of all time
- Keeping the Great America - Warren Buffett and Bill Gates talking to students at Columbia Business School
- 90-Year Warning, Website History, Highlights, Memories, and Downloads
- Berkeley-Columbia Executive MBA Program Home
- The Global EMBA Program Homepage
- QS TopMBA: 100 Best North American Business School
Source of the article : Wikipedia
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