BUSINESS WEEK ONLINE: BEST B-SCHOOLS

Columbia University
Columbia Business School
  OVERALL 1998 RANK: 6
BW corporate rank: 4
BW graduate rank: 21
BW 1996 rank: 6


1999 Profile Update
School Statistics
Graduates' Comments


SURVEY DETAILS
     Columbia remained in the sixth spot in 1998. Students were unhappy, however, particularly with the school's facilities and with the unavailability of teachers outside of the classroom -- they ranked faculty accessibility a lowly 25th. Dean Meyer Feldberg hopes to eliminate at least one of these problems with the January opening of a new Law/Business building. That should help satisfy the school's diverse student body; comprised of 36% women and 13% underrepresented minorities, Columbia enrolls one of the more heterogeneous classes in the Top 25.

   Recruiters didn't have much to complain about, however, and they hiked the school up two spots -- from sixth to fourth -- in their corporate poll. Among the praise companies heaped on Columbia grads: A top five rating in accounting, global business, and finance skills and a top 10 ranking for general management, marketing, and analytical abilities. Columbia grads took advantage of the kudos sent their way, negotiating comp packages with 522 recruiters worth an average of $146,377 -- third-highest behind only Harvard and Stanford. As part of their total comp packages, grads received the second-highest average signing bonuses at $21,600. And 52.4% of them can count on receiving a yearend bonus. But Columbia MBAs also graduated with the fourth-highest amount of debt, needing to take out loans averaging $50,200 to cover the exorbitant $27,700 tuition and fees (the most expensive of all 61 B-schools BW evaluated).

STRATEGY FOR APPLICANTS
     Columbia Business School's application deadlines depend on when you want to enter the MBA program. If you want to apply for May admittance, you must file your application before February 1. If you want to begin in January, you must apply before October 1. For the September start, you have until April 20 (March 1 for non-U.S. applicants).

   The admissions staff says it "values applicants who have demonstrated leadership ability and who also work well as members of a diverse team." It also looks for candidates "who show high levels of initiative, good judgment, and integrity," and it expects candidates "to have clear and realistic goals for the future." Applicants would be wise to address these valued characteristics in filling out the application form and in answering the five required essay questions.

   About 90 percent of applicants are interviewed, by invitation only after an application has been submitted. Interviews are conducted by the admissions committee, by the B-school's alumni network, which encompasses 150 U.S. cities and 48 countries worldwide, or by current students. Applicants are welcome to visit classes Monday through Thursday. For further information, contact the admissions office. You can download the application form from the school's Web site; as of October 1998, you'll also be able to submit your completed application electronically.

CURRICULUM
  Electives available in 1998: 180
New electives in past three years: 18%
The core curriculum was last revised in: 1992
Accelerated MBA program offered? No

New Courses in Past Three Years
Valuation and Financial Statements, Analytical Techniques in Emerging Markets Securities, Development, Production, Exploitation of Film TV Properties, Emerging Financial Markets, Entrepreneurial Finance, Initial Public Offerings, International Financial Decisions, Management of New Media, Principles and Strategies of Portfolio Management, Private Equity in the Middle Market: Expansion Capital, Buyouts and Exit Strategies, Project Finance in Emerging Markets, Seminar in Corporate Finance, Venture Capital Method, Corporate Strategy, Entrepreneurship and Technology, Entrepreneurship Through Acquisition, In Search of the Perfect Prince, Intellectual Property: A Strategic View, The Emerging Company, The Family-Owned Business, Future of Marketing in the Organization, The Business of Sports and Entertainment

Most Popular Electives
Advanced Corporate Finance, Turnaround Management, Security Analysis, Introduction to Venturing, Debt Markets, Managerial Negotiations

Most Popular Professors
Laurie Hodrick, John Whitney, Bruce Greenwald, Robert Bontempo, Larry Selden, Amir Ziv

Majors or Concentrations Added in Past Three Years
While Columbia does not require students to declare concentrations, they can choose from over 13 areas of study or work with faculty to define their own. The School has added the following new dual degree programs: MBA/MD with the School of Physicians and Surgeons; MBA/DDS with the School of Dental and Oral Surgery.

Teaching Methods
Lecture: 40%
Case Study: 40%
Group Projects: 20%

Full-time faculty members:   111
Adjunct or visiting faculty: 81
Average core class size: 60
Average elective class size: 35

Laptop computer required? Yes

Grading System
The grading system is as follows: H (honors), HP (high pass), P (pass), LP (low pass), F (fail).

Exchange Programs or International Campuses
MBA candidates may apply to complete a term of course work at one of 21 overseas graduate management institutions:

University of Melbourne (Australia); Wirtschaftuniversitet (Austria); Katholieke Universiteit Leuven (Belgium); Escola de Administratio de Empresas de Sao Paulo/Fundacao Getulio Vargas (Brazil); Chinese University of Hong Kong; Hong Kong University of Science and Technology; Tsinghua University; Helsinki School of Economics and Business Administration (Finland); Hautes Etudes Commerciales/Institut Superieur des Affaires - HEC/ISA (France); Koblenz School of Corporate Management (Germany); Leon Recanati Graduate School of Business Administration (Israel); Scuola di Direzione Ariendale (Bocconi, Italy); Instituto Panamericano de Alta Direccion de Empresa - IPADE (Mexico); Rotterdam School of Management; Asian Institute of Management Singapore; The National University of Singapore; IESE--International Graduate School of Management (Spain); Universidad de Navarra (Spain); Stockholm School of Economics (Sweden); University of St. Gallen (Switzerland); London Business School (United Kingdom)

Best Areas of Study
Finance, International Business, Management, Entrepreneurship

Areas School Would Like to Improve
A continued investment is planned for media, entrepreneurship and marketing.

1998 PLACEMENT
  On-campus recruiters for graduates: 522
On-campus recruiters for first-year internships: 314
On-campus student full-time job interviews: 6,387
On-campus student internship interviews: 4,182
Job opportunities posted via the Internet or E-mail: 3,552

Top Employers/Number of 1998 Hires
Goldman Sachs   25
Booz Allen & Hamilton 23
Merrill Lynch 21
Morgan Stanley 21
Lehman Brothers 20
Citicorp 19
McKinsey & Co. 16
Chase 15
A.T. Kearney 15
Deloitte & Touche Consulting 12
Donaldson, Lufkin & Jenrette 12

ALUMNI NETWORK
  Number of living alumni: 23,789
Alums who gave to the school during the 1997/98 academic year: 30%
Median alumni gift: $100
Number of alumni clubs: 43
Number of dues-paying members: N/A
Number of staffers devoted to MBA alumni relations: 3
Placement services offered for alumni? Yes

Description of Alumni Placement Services
Columbia provides its alums with access to the Alumni Counseling Board (an on-line service listing 2,000 alumni willing to discuss career issues), networking and career workshops through alumni clubs, access to career information through the school's Web site (with hot links to other sites), and subscriptions to job listings. Jobs for alumni are also posted in the school's Career Resource Center, which contains corporate literature for over 1,000 firms, industry information and books on job hunting. The Office of Alumni Relations plans to sponsor career development workshops for alumni led by licensed psychologists in 1998-1999. The School's Executives-in-Residence are also available, on a limited basis, for alumni.

Back to Top
1999 Profile Update
School Statistics
Graduates' Comments

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Key Contacts
School Web Site

E-Mail:
gohermes@claven.gsb.columbia.edu

Address:
Graduate School of Business
105 Uris Hall
New York, NY 10027

Dean:
Professor Meyer Feldberg
(212) 854-6083

Director of MBA Programs:
Professor Safwan Masri
(212) 854-8716

Director of Admissions:
Linda Meehan
(212) 854-1961

Director of Alumni Relations:
Madge Nimocks
(212) 854-8203

Director of Financial Aid:
Eileen Potash
(212) 854-4057

Director of Career Services:
Thomas Fernandez
(212) 854-5471

Application Deadlines:
U.S.
September entry: April, 20 1999; January entry: October 1, 1999; May entry: February 1, 1999
International
September entry: March 1, 1999; January entry: October 1, 1999; May entry: February 1, 1999





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