Columbia Business School is the business school of Columbia University. Located in Manhattan in New York City it is one of the oldest business schools (Established in 1916). It is also one of the six Ivy League business schools and one of the most selective top business schools. In this article, we take an in-depth look at the Columbia Business School MBA Program, particularly it’s class profile, career outcomes, and employment reports.
Here is a brief outline of the article:
- Columbia Business School MBA: By the Numbers
- Columbia Business School: MBA Application Deadlines
- Columbia MBA: School Philosophy and Strength
- Class Profile of the MBA Program at Columbia Business School
- Columbia Business School: Employment Reports & Salaries
- Columbia Business School: Notable alumni
- Other MBA programs you should consider
Columbia Business School MBA: By the numbers
With its location in uptown Manhattan, Columbia Business School (CBS) epitomizes what an urban school can offer to students who seek such an environment. Situated in New York city which is itself a melting pot of cultures with 40% of its population born outside the United States. CBS taps into this melting pot spirit, where 47% of the incoming class is from overseas, and another 33% is composed of U.S. minorities. It rightly prides itself as being “At the very center of business.”
Here is a look at the statistics of the full-time MBA program at Columbia Business School:
|Sr. No||Columbia Business School||Numbers|
|4||GMAT Range||560 – 790|
|5||Work Experience Average||5 years|
|6||Tuition Cost (per year)||$71,544|
|8||% Employed after graduation||90.4%|
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Columbia Business School is a part of the M7 group of business schools. The other business schools in the M7 group of business schools include Stanford GSB, HBS, Wharton, Booth, Kellogg and MIT Sloan.
Columbia Business School – MBA Application Deadlines 2019 – 2020
Columbia Business school follows a rolling admissions process. This means application decisions are given out as soon as an application is completed and submitted by a prospective applicant. Following are the MBA application deadlines for 2019-2020 at Columbia Business School.
|Round||Application Deadline||Interview Invites||Final Deadline|
|Early Decision||October 4, 2019||Rolling||Rolling|
|Merit Fellowship Deadline||January 3, 2020||N/A||Rolling|
|Final Deadline||April 10, 2020||Rolling||Rolling|
Difference Between the August and January Intakes
CBS has 2 intakes for its flagship 2-year MBA program, one in August and the other one in January. Both these intakes merge in the fall term of the second year to complete electives as a single class.
The only difference between these 2 intakes is timing and the opportunity to complete a summer internship (January intake does not offer the option of a summer internship). The following deadlines are based on the application process for the class of 2020, for up to date information, please visit the programs page of Columbia Business School.
Columbia Business School – Deferred Enrollment Option
Apart from the two different intakes, CBS also offers a deferred enrollment program. This program offers current undergraduate students the opportunity to gain a few years of work experience with a guarantee of admission to Columbia’s highly selective MBA program. Additionally, the deferred enrollment program affords such students the flexibility to begin a full-time program 2-5 years after college graduation.
Many of the top business schools offer differed enrollment programs; our experts have written in-depth articles about the deferred enrollment programs at the following business schools:
Columbia Business School MBA – Philosophy and Strength
A Strong Reputation for Finance
Long known as the ‘Finance School,’ CBS has defied that moniker in recent years with consulting rising as the leading employer of its graduates. McKinsey itself hired 55 graduates which is more than the hires made by Goldman, JP Morgan, Citi, Morgan Stanley and Bank of America combined. It’s a reflection of the strength and diversity of the MBA program. Besides its consistently high ranked program in finance, CBS offers world-renowned programs in management, marketing, and international business.
If a career in Finance is your Post-MBA career goal, do not miss our article on Best Business Schools for Finance.
Core Curriculum and Electives
CBS has a comprehensive core curriculum that helps students build strong foundations in traditional areas of business. And it also offers a lot of electives for students to specialize in an area of their choosing. To further this, CBS offers various career-focused pathways in the areas of Accounting, Entrepreneurship, Finance, Leadership, and Ethics. A full list of the different career-focused path offered can be viewed here.
Experiential Learning Opportunities
Besides the core curriculum and a large number of electives, CBS also offers a lot of experiential learning opportunities. From internships and extracurricular projects to organizing and hosting events with high profile speakers and consulting projects, there is something for everyone. Add to that its location in New York City ensures that you have unparalleled access to business leaders from influential practitioners that teach as adjunct faculty to business icons and heads of state who visit campus to speak mentor and network with students.
Previous speakers include:
- Warren Buffett
- Bill Gates
- Henry Paulson
- Ratan Tata
Columbia Business School Cluster Learning System
The cluster learning system of the MBA program at CBS further ensures that you learn with and from people having different skills and ideas, leadership styles and backgrounds. Sharing so much of the academic experience invites a more vibrant learning environment. One where students are more comfortable challenging ideas and each other while working together. Outside the classroom, the 46,000-member strong alumni network of CBS ensures that you can find a Columbia connection anywhere in the world.
Columbia Business School MBA – Incoming Class Profile
Columbia Business School: MBA Program Statistics
Following are some statistics related to the latest incoming MBA class profile at Columbia Business School:
|Enrolled||754 (divided into 11 clusters)|
|January Entry Class Size||203 (divided into 3 clusters)|
|August Entry Class Size||551 (divided into 8 clusters)|
|GMAT Scores (middle 80%)||690 – 760|
|Undergraduate GPA (middle 80%)||3.2 – 3.9|
|Work Experience (middle 80%)||3 – 8 years|
|Average age (middle 80%)||25 – 31|
|% of women in the class||38%|
|% of international citizens||47%|
Columbia Business School attracts a diverse and accomplished student body from around the world. With 47% of the class coming from other countries, it truly offers a global classroom environment. Add to this the high representation of women in the class is another advantage for students who wish to learn not only from faculty but also from each other.
Columbia Business School: 2019 Incoming Class Profile
Following is a breakdown by undergraduate major and pre-MBA industry of the latest incoming class of 2019:
Columbia MBA Program: Pre-MBA Industry of the Class of 2019
Columbia MBA Program: Pre-MBA Undergraduate Major of the Class of 2019
Columbia Business School – Employment Reports and Salaries
As mentioned earlier, CBS was long known as the “Finance School”. However, now it sends its graduates to a multitude of industries such as consulting, financial services, media/technology, and manufacturing.
This speaks not only of the strength of the program but also of the career management center as it has been able to successfully diversify the portfolio of companies and organizations that recruit from the campus after the 2008 financial crisis which saw the demise of Lehman Brother (a major CBS recruiter). Credit should also be given for this to the class of students who have increasingly diversified their career choices.
93.9% of all students received job offers within 3 months of graduation. The median salary offered to CBS graduates was $150,000 with a median signing bonus of $30,000 and a median of $50,000 in other guaranteed compensation. This brings up the total compensation offered to a staggering $230,000. It is important to note that this figure can vary according to industry and function. However, they are solid numbers any way you slice or dice them. The following are some more statistics from the CBS 2019 employment report.
Columbia Business School: Employment by Industry
Financial Services and Consulting are the two largest employers of Columbia graduates of the class of 2019, with a third of the class choosing careers in either.
|Base Salary||Other Compensation||Percentage receiving other compensation|
|Commercial/Consumer Banking/Credit Cards||1.7||113500–130000||125,000||20000–30000||27,500||42.9|
|Fund of Funds/Hedge Funds/Mutual Funds||1.5||120000–175000||150,000||15000–260000||40,000||28.6|
|Other Investment Management||5.8||90000–200000||135,000||5000–350000||50,000||71.4|
|Consumer Products – Beverages/Food||2.9||50000–263000||122,000||10000–140000||30,000||71.4|
|Consumer Products – Luxury Goods||2||95500–120000||105,000||15000–20000||20,000||75|
|Healthcare (including Pharmaceuticals)||3.9||72000–190000||120,000||5000–25000||20,000||68.8|
Columbia Business School: Employment by Function
|Base Salary||Other Compensation||%age receiving other compensation|
|Private Client Services/Wealth Management||+||125,000||125,000||50,000||50,000||100|
|Business Development/Product Development||140000–150000||145,000||17,500||17500||50|
Columbia Business School: Top Employers
Top recruiters of graduates from Columbia Business School from different industries include:
- McKinsey & Company
- Bain & Co.
- The Boston Consulting Group
- Deloitte Consulting
- Goldman, Sachs & Co.
- PwC Strategy&
- A.T Kearney
- J.P. Morgan
- Morgan Stanley
- Bank of America Merrill Lynch
- The Estee Lauder Companies
- L.E.K Consulting
- Moelis & Company
- Oliver Wyman
- Accenture Strategy
Columbia Business School – Notable Alumni
The following business leaders are a few of the notable alumni of the Columbia Business School
|Name||Accomplishment of Note|
|Warren Buffett||CEO of Berkshire Hathaway|
|Henry Kravis||Co-Founder of Kohlberg Kravis Roberts & Co.|
|Vikram Pandit||Former CEO of Citigroup|
|James P. Gorman||CEO of Morgan Stanley|
|Rochelle Lazarus||Chairman Emeritus of Ogilvy & Mather|
|Michael Gould||CEO of Bloomingdale|
|Lionel Pincus||Founder Warburg Pincus|
Other MBA Programs you should consider:
The following are some other schools that are a close match to Columbia Business School in terms of GMAT and GPA, age and work experience. We have listed the programs by stretch, match, and safety. Note that these options are presented on the basis of the schools’ brand image and ranking status as a general yardstick.
Stretch Schools: Harvard, Stanford
Match Schools: Chicago Booth, Wharton, Dartmouth Tuck, Northwestern’s Kellogg School of Management
Safety Schools: MIT Sloan, Berkeley Haas, Duke Fuqua, Virginia Darden
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