FULL-TIME MBA Profiles Publish Date 11/13/08

Columbia University

Columbia Business School

Getting In

PROGRAM BASICS

Columbia Business School

3022 Broadway
Uris Hall, Room 216
New York , New York 10027

Program Web site:

http://www.gsb.columbia.edu/mba

Status:

Private Institution

Program e-mail address:

apply@gsb.columbia.edu

Graduate business school is accredited by:

AACSB International

Years in which the following programs were founded:

Full-time MBA: 1916
Executive MBA: 1968
Executive Education (non-degree): 1951
PhD program: 1924

PROGRAM COSTS

Total direct costs (tuition and required fees) of the entire MBA program:

Resident : $ 94,104
Nonresident : $ 94,104
Recommended annual budget (Resident): $ 75,589
Recommended annual budget (Nonresident): $ 75,589

PROGRAM LENGTH

Full-time program (months):

ENROLLMENT

Graduate business school enrollment

Total graduate business school: 1961
Full-time MBA: 1234
Executive MBA: 640

PhD program: 87

Other graduate degree programs:

N/A

ADMISSIONS

Application Deadlines

10/8/08 Jan. entry 10/8/08 Early decis. 3/4/09 Sept. Int'l 4/15/09 Sept. US+PR

Does the program have rolling admissions?

Yes

Is proficiency in English required for admission?

Yes

Is a minimum score on an English language proficiency test required?

Which English language proficiency tests are accepted?

TOEFL Computer Based

TOEFL Internet Based Test

TOEFL Paper-based Test

Other: N/A

Relative importance: Application Elements

GMAT Score:

Important

Resume/Work Experience:

Important

Application Essays:

Important

Interviews:

Important

Recommendations:

Important

Undergraduate Transcripts:

Important

APPLICANTS

Applications (admitted and denied) to the newest class:

5999

Applicants who were accepted to the most recent class:

15 %

Admitted applicants who enrolled in the newest class:

79 %

Applicants who were re-applicants from prior years:

11 %

Percentage of this year's reapplicants accepted:

25 %

Applicant interviews are:

By invitation only

Applicants (admitted and denied) who were interviewed:

42 %

Admitted applicants who were interviewed:

99 %

APPLICANT POOL

CLASS PROFILE

Full-time students in newest entering class (2008-2009) that are:

Female: 32 %
International: 33 %
Married: 16 %

Ethnicity/US Students in Program

African American: 8 %
Asian American: 12 %
Hispanic or Latino American: 5 %
Native American: 1 %
White (Non-Hispanic): 51 %
Chose not to report: 14 %
Other: 9 %

Students from following regions:

Africa : 1 %
Asia: 14 %
Eastern Europe and Central Asia: 4 %
Latin America and the Caribbean: 6 %
Middle East: 2 %
North America: 61 %
Oceania : 1 %
Western Europe: 11 %
Percentage of students with dual citizenship: 12 %

Entering North American citizens by region:

Northeast: 63 %
Mid-Atlantic: 8 %
South: 5 %
Southwest: 5 %
Midwest : 6 %
West: 8 %
Possessions and territories: 0 %

Mean months of work experience of newest entering class:

Median months of work experience of newest entering class:

Middle 80% range of work experience of newest entering class in months:

From: 32
To: 87

Median age of entering class:

Mean age of entering class:

FINANCIAL AID

Full-time MBAs apply for financial aid through:

Dedicated financial aid office at the B-school

Full-time MBAs applied for financial aid for the current academic year:

61 %

Full-time MBAs receiving financial aid through school:

57 %

Mean MBA financial aid package for the current academic year:

$ 58,653

Median MBA financial aid package for the current academic year:

$ 73,317

On what basis are scholarships awarded?

financial need

academic merit

a combination of need and merit

Full-tuition scholarships school will award during the upcoming academic year:

How does an applicant apply for scholarship consideration?

As part of the admissions application

Mean scholarships awarded to full-time MBAs in the previous academic year:

$ 14,343

Percentage of second-year students receiving the same or more amount of money in their second year of study:

97 %

Does the school offer a guaranteed loan to all MBAs regardeless of nationality?

GMAT

Applicants required to take the GMAT?

Yes

Middle 80% range GMAT scores:

From: 660
To: 760

Academics & Lifestyle

CLASS OFFERINGS

Average students in a full-time MBA core class:

Average students in a full-time MBA elective class:

Elective courses available to full-time MBA students:

121

Electives that have been added to the full-time program since June 30, 2008:

International Banking: Value and Risk
Hedge Fund Investment and Selection
Healthcare Industry in the 21st Century
Social Networks
Social Entrepreneurship: Global Perspective

Year of last major change or significant overhaul to the core curriculum:

2008

Concentrations and specializations offered to full-time MBA students:

Accounting

Consulting

Corporate Social Responsibility

Economics

Entrepreneurship

Finance

General Management

Human Resource Management

International Business

Leadership

Marketing

Media/Entertainment

Operations Management

Portfolio Management

Real Estate

Strategy

Other: Social Enterprise, Decision & Risk Analysis, Healthcare & Pharmaceutical Management, Value Investing, Private Equity and Management

Joint-degree programs offered to full-time MBAs:

MBA/JD (Law)

MBA/MD (Medicine)

MBA/MS (Science)

MBA/MSN (Nursing)

Other

Does the school offer an accelerated full-time MBA program?

FACULTY

Faculty employed by the B-school:

261

Full-time faculty

Tenured: 72
Non-Tenured: 73

Adjunct/Visiting Faculty

Tenured: 0
Non-Tenured: 119

Women on Faculty

Tenured: 7
Non-Tenured: 28

Minority Faculty

Tenured: 14
Non-Tenured: 22

International Faculty

Tenured: 18
Non-Tenured: 37

Faculty with PhDs

Tenured: 72
Non-Tenured: 66

STUDENT LIFE

Professional clubs available to full-time MBA students:

Biotech/Health care

Business Ethics

Consulting

Corporate Social Responsibility/NetImpact

Entrepreneurship

Environmental

Finance

High Tech

Human Resources

Information Technology

Investment Banking

Marketing

Media & Entertainment

New Media

Nonprofit

VC/ Private Equity

Other

Networking clubs available to full-time MBA students:

Black MBA Association

Gay/Lesbian/Bisexual

Hispanic Student Organization

Partners/Family

Volunteer

Wine

Women in MBA

Other

TEACHING/ACADEMICS

Teaching methods used

Case study: 40 %
Experiential Learning: 5 %
Lecture: 40 %
Team Project: 15 %

Requirements for graduation:

Students must have attended a minimum number of classes

Students must have earned a pre-determined GPA/Letter grade average

TECHNOLOGY

Is there a wireless network in main B-school buildings?

Yes

Technology improvements in the last three academic years:

In the last three years, the School has made several technological improvements that align with the strategic initiatives of the Business School and will continue to focus on improving customer satisfaction with the technology deliverables. In the last year, Columbia Business School has successfully re-branded its website, launched an alumni social networking site, single-sign on and a robust research server.

Alumni Affairs & Careers

ALUMNI

Living MBA alumni:

37,000

Active MBA alumni clubs

Countries in which MBA clubs exist

Mean gift from MBA alumni:

$ 4,366

Median gift from MBA alumni

$ 200

Did school receive an individual gift in excess of $10 million in past academic year?

Business School Endowment

$ 434,348,564

Does the main university offer career placement services for alumni?

Yes

Does the main university have an alumni networking Web site?

Yes

University alumni networking site:

http://www.columbia.edu/alumni

Does the B-School have an alumni networking site:

Yes

Business school alumni networking site:

http://www.gsb.columbia.edu/alumni

Do current MBA students have access to an alumni database?

Yes

CAREER SERVICES

Graduates seeking full-time professional MBA employment: 87 %
Graduates not seeking employment: 6 %
Graduates for whom you have no information regarding employment: 7 %

Of grads not seeking employment: Percentage of graduates not seeking employment who were company-sponsored, or already employed: 42 %
Percentage who were continuing their education (after graduation): 12 %
Percentage who were postponing their job search: 0 %
Percentage who were starting their own business(es) : 37 %
Percentage who were not seeking employment for other reasons: 9 %

Annual job-searching trips that the school coordinates or participates in:

Destination: Silicon Valley Trip
Month: January
Amount Paid By School: Partial
Destination: Los Angeles Study Trip
Month: January
Amount Paid By School: Partial
Destination: London Banking Days
Month: November
Amount Paid By School: Partial
Destination: International Development/Washington DC
Month: December
Amount Paid By School: Partial
Destination: Hong Kong Finance Trip
Month: August
Amount Paid By School: Partial

Primary Source of Job Offer

School-facilitated activities: 71 %
Graduate-facilitated activities: 4 %
No information provided by graduate: 25 %

Job Offers for 2008 graduates:

Received first job offer by graduation: 87 %
Received first job offer in three months following graduation: 8 %
Received first job offer more than 3 months after graduation: 1 %
Did not report having received a job offer: 4 %

Top recruiting firms and the number of full-time MBAs hired in the past 12 months:

	McKinsey & Company		49
	Goldman Sachs Group		25
	Lehman Bros.		21
	Citigroup Inc.		17
	Deutsche Bank AG		17
	JPMorgan Chase & Co.		17
	Credit Suisse Group		16
	Morgan Stanley		15
	American Express		14
	Boston Consulting Group		13
	Merrill Lynch		12
	UBS		9
	Booz Allen Hamilton		8
	Bain & Company		7
	General Electric		6

Job-accepting graduates who received a signing bonus:

75 %

Mean and median base salary, signing bonuses and other compensation for most recent employed graduates:

Mean base salary for most recent graduates: $ 107,450
Median base salary for most recent graduates: $ 100,000
Mean signing bonus for most recent graduates: $ 30,582
Median signing bonus for most recent graduates: $ 30,000
Mean other guaranteed compensation for most recent graduates: $ 49,804
Median other guaranteed compensation for most recent graduates: $ 30,000

Graduating students who accepted jobs in the following functional areas:

Consulting: 23 %
Finance/Accounting: 55 %
General Management: 2 %
Human Resources: 0 %
Marketing/Sales (Public Relations, Product Management, Market Research, Advertising, etc.): 8 %
Management Information Systems (MIS): 0 %
Operations/Logistics (Logistics, Purchasing, Engineering, etc.): 1 %
Other: 11 %

Graduating students who accepted jobs in the following industries:

Government (Federal, State, Local, Military): 1 %
Consulting: 22 %
Consumer Products: 3 %
Financial Services: 56 %
Manufacturing: 1 %
Media/Entertainment: 4 %
Non-Profit: 1 %
Petroleum/Energy: 1 %
Pharmaceutical/Biotechnology/Health care Products: 2 %
Real Estate: 3 %
Technology: 2 %
Other: 4 %

Graduates who accepted full-time jobs in the following regions:

Africa: 0 %
Asia: 7 %
Eastern and Central Europe and Central Asia: 0 %
Latin America and the Caribbean: 2 %
Middle East: 2 %
North America: 82 %
Oceana: 0 %
Western Europe: 7 %

Within North America, graduates who accepted full-time jobs in the following regions:

Northeast: 88 %
Mid-Atlantic: 2 %
South: 1 %
Southwest: 3 %
Midwest: 1 %
West: 5 %
Possessions and territories: 0 %
Canada: 0 %

Top Companies - Internships:

	JPMorgan Chase & Co.		22
	Goldman Sachs Group		21
	McKinsey & Company		18
	Lehman Bros.		17
	Deutsche Bank AG		16
	Morgan Stanley		16
	Merrill Lynch		15
	Boston Consulting Group		14
	Citigroup Inc.		14
	Booz Allen Hamilton		11
	Credit Suisse Group		11
	UBS		11
	Deloitte Touche Tomatsu		6
	Unilever		6

Pfizer

Mean and median intern compensation per week:

Mean : 1,940
Median: 1,979

SCHOOL COMMENTS

School Comments:

Scholarship Consideration also includes unique scholarship application.

Graduate Comments

I think the Columbia MBA program has some clear benefits over others mainly due to the New York location. Because of this the quality and availability of adjunct Professors or external speakers is really incredible. -- Consulting

Columbia is a fantastic finance school with opportunities to connect with and learn from "heads of industry". The adjunct faculty -- particularly in the asset management area -- are truly amazing. -- Finance

I�ve really enjoyed my time at Columbia � I respect and admire the people I�ve met, and I feel that I�m coming away from the MBA experience with more confidence and knowledge. I�ve already recommended Columbia to friends interested in applying to Business School, and even to friends who aren�t sure what they want to do. -- Nonprofit

My experience at Columbia far exceeded my expectations and for anyone that is interested in pursuing a career in the business world or management in general I would urge them to enroll at Columbia. I find it hard to believe there is a school that beats the social, academic and profession building atmosphere of Columbia. -- Nonprofit

I have encouraged friends to apply to CBS because of the opportunities both New York and the school afford. The classes taught by professors of practice are especially unique and valuable. The administration is very responsive to student input. -- Finance

After two years at Columbia Business School I feel a much more complete manager. Not only in terms of technical skills, but also soft skills. I would recommend this program to anyone willing to enhance his career and capabilities. -- Consulting

I am more than pleased with my experience at Columbia Business School. My experience inside and outside of the classroom far exceeded my expectations. The program's international focus and location added a richness to the education. In addition, the school's location was key for maximizing professional, academic, and social opportunities. -- Finance

The program got me what I wanted. It was expensive but I think it'll pay off in the long run. -- Consulting

I felt that the student body, overall, lacked intellectual rigor --for example, the core curriculum was taught by freshman professors (those who just finished their PhDs) and was aimed at a very low level. Although it is in NYC and there are great opportunities to network and meet distinguished alums, other schools I believe would provide a similar opportunity with the intellectual rigor with which their research staff are reknown for. -- Investment Banking

My expectations were exceeded, and I would recomend everyone to enroll in Columbia Buisness School. The experience gives you the academic formation necessary, and provides you with an amazing network, that will enable one to succeed. -- Entrepreneurship

Columbia has provided me with a great education, a great network, and a great experience. -- Finance

The Columbia experience was key to obtaining a good job, especially in NYC. The program offered a nice balance between quantitative subjects and the case study methodology. -- Venture Capital/Private Equity

I would recommend Columbia for the following reasons: 1. the quality & diversity of my classmates; 2. location (helpful for speakers, adjunct professors & interviewing with financial firms); 3. access to the alumni who were remarkably helpful in my job search -- Finance

I am absolutely satisfied with Columbia Business School. The teachers are outstanding, the people are amazing, and the experience is incredibly rewarding. I am amazed by how much I have learned and how much Columbia has transformed my thinking. Not only that, its just so much fun. -- Finance

I found my experience at CBS highly rewarding both personally and professionally. First with the help of my professors I found my career path. I learned tremendously in the area I am intending to pursue. In addition I met great friends from all around the world. -- Finance

The quality of the academic experience was vastly disappointing. With only a small handful of exceptions, the course material was simplistic and had no possible value to my future career. It appears that the only concievable purpose in pursuing an MBA is as a credential for one's resume. -- Entrepreneurship

While I think I learned a tremendous amount and made some wonderful friends, I did not think the program was particularly well administered. -- Human Resources

Columbia is a wonderful place for career switchers. It has provided students with numerous job opportunities, especially for those who wish to enter the Financial industries. It also has the unparalleled New York advantage. I don't think any other school offers such a good combination of excellent career prospect and colorful life.

I was very skeptical about doing MBA but Columbia MBA was a great experience and I am so glad that I made this life time investment at Columbia. -- Consulting