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Columbia Business School – Columbia MBA Program – Class Profile | Employment Reports | Notable Alumni

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 school. 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.

Columbia Business School - Columbia MBA Program - Class Profile, Employment Reports and Notable Alumni

 

Here is a brief outline of the article:

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 45% 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.”

Columbia Business School MBA Program - Uris Hall

Here is a look at the top statistics of the full-time MBA program at Columbia Business School:

Sr. No Columbia Business School Numbers
1 Average GMAT 732
2 Average GPA 3.6
3 Class Size 756
4 GMAT Range 530 – 790
5 Work Experience Average 5 years
6 Tuition Cost (per year) $71,544
7 Average Age 28
8 % Employed after graduation 90.1%
9 Median Salary $130,000

Getting into the Columbia MBA program requires an envious 720+ GMAT score. We can help you with a personalized study plan and give you access to quality online content to prepare. Write to us at acethegmat@e-gmat.com. We are the most reviewed GMAT prep company on gmatclub with more than 1825 reviews (as on May 16, 2019). Why don’t you take a free trial and judge it for yourself?

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.

If you aspire to get into Harvard or Stanford, both M7 business schools, read these articles for more information about their application process.

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

Columbia Business School MBA - August and January Intake Schedule

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:

  1. Warren Buffett
  2. Bill Gates
  3. Henry Paulson
  4. 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 MBA Program: Statistics

Following are some statistics related to the incoming class profile at CBS (note this information is based on the class entering January 2018):

Applications received 6029
Admitted 1028
Enrolled 756 (divided into 11 clusters)
January Entry Class Size 204 (divided into 3 clusters)
August Entry Class Size 552 (divided into 8 clusters)
GMAT Scores (middle 80%) 700 – 760
Undergraduate GPA (middle 80%) 3.2 – 3.9
Work Experience (middle 80%) 3 – 7 years
Average age (middle 80%) 25 – 31
% of women in the class 39%
% of international citizens 42%

Columbia Business School attracts a diverse and accomplished student body from around the world. With 42% 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: 2018 Incoming Class Profile

 

Following is a breakdown of the incoming class by undergraduate major and pre-MBA industry.

Columbia MBA Program: Pre-MBA Industry of the Class of 2018

Columbia Business School - Columbia MBA - Pre-MBA Industry

Columbia MBA Program: Pre-MBA Undergraduate Major of the Class of 2018

 

Columbia Business School - Columbia MBA Program - Undergraduate Major

 

 

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.

94.1% of all students received job offers within 3 months of graduation. The median salary offered to CBS graduates was $130,000 with a median signing bonus of $30,000 and a median of $28,500 in other guaranteed compensation. This brings up the total compensation offered to a staggering $188,500. 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. Following are some more statistics from the CBS 2018 employment report.

Columbia Business School: Employment by Industry

Financial services and Consulting are the two largest employers of Columbia graduates of the class of 2018.

Columbia Business School - Employment by Industry

Industry Percentage Salary Range Median Other Guaranteed Compensation
Range Median Percentage
Consulting 33.60%
Stategic/Management 30.50% 80,000 – 233,500 147,000 20,000 – 240,624 30,000 82.60%
Other 3.10% 110,000 – 160,000 137,000 10,000 – 130,000 25,000 60%
Financial Services 32.20%
Commercial/Consumer Banking/Credit Cards 2.70% 100,000 -125,000 120,000 20,000 – 40,000 30,000 100%
Diversified Financial Services 1.80% 60,000 – 150,000 140,000 15,000 – 75,000 27,500 85.70%
Investment Banking/Brokerage 12.30% 52,000 – 175,000 125,000 20,000 – 165,000 50,000 84.50%
Investment Management 14.90%
Hedge Funds/Mutual Funds 1.60% 125,000 – 175,000 130,000 10,000 – 125,000 30,000 42.90%
Private Equity 4.90% 100,000 -308,000 151,250 7,000 – 150,000 50,000 65%
Venture Capital 1.60% 90,000 – 160,000 125,000 10,000 – 43,400 26,700 28.60%
Other Investment Management 6.80% 97,500 – 175,000 125,000 5,000 – 145,000 29,000 66.70%
Other N/A 140,000 – 183,000 151,500 48,200 48,200 50%
Manufacturing 6.80%
Consumer Products – Beverages/Food 2.50% 103,000 – 125,000 115,000 20,000 – 40,000 40,000 90.90%
Consumer Products – Other 3.40% 100,000 – 150,000 120,000 20,000 – 40,000 30,000 46.70%
Other N/A 150,000 150,000 30,000 30,000 100%
Media/Technology 15.70%
Entertainment (Film/Music/Sport & Leisure/TV) 1.30% 58,000 – 135,000 120,000 5,000 – 29,700 5,000 71.40%
Hardware/Software/Telecom 5.00% 70,000 – 179,000 117,000 5,000 – 133,000 35,000 65.40%
Internet Services/ E-Commerce 7.20% 63,000 – 200,000 130,000 10,000 – 200,000 40,000 67.60%
Other 2.20% 72,000 – 140,000 120,000 10,000 – 40,000 30,000 54.50%
Other 11.70%
Education/Government/Non-Profit 1.60% 55,000 – 95,000 65,000 3,000 3,000 33.30%
Healthcare 1.80% 115,000 – 150,000 122,500 5,000 – 50,000 24,900 60%
Real Estate 4.00% 86,000 – 175,000 120,000 5,000 – 150,000 50,000 64.70%
Retail 1.80% 75,000 – 150,000 105,000 5,000 – 15,000 15,000 33.30%
Other 2.50% 70,000 – 185,000 105,000 15,000 – 50,000 22,500 40%

Columbia Business School: Employment by Function

Columbia Business School - Employment by Function

Industry Percentage Salary Range Median Other Guaranteed Compensation
Range Median Percentage
Consulting 38.90%
Management Consulting 36.40% 63,000 – 233,500 146,000 10,000 – 240624 30,000 82.60%
Strategic Planning 2.50% 75,000 – 150,000 133,500 5,000 – 40,000 25,000 55.60%
Finance (Internal) 6.50%
Business/Corporate Development 4.40% 70,000 – 155,000 125,000 5,000 – 40,000 20,000 47.60%
Corporate Finance 2.10% 72,000 – 132,000 117,000 22,000 – 100,000 30,000 81.80%
Financial Services 26.60%
Buy-Side/Sell-Side research 2.70% 117,647 – 165,000 125,000 23,529 – 125,000 30,000 62.50%
Investment Banking/M&A 10.50% 110,000 – 183,000 140,000 15,000 – 75,000 27,500 85.70%
Investment Management 4.80% 97,500 – 175,000 125,000 20,000 – 165,000 50,000 84.50%
Private Equity 4.80% 100,000 -308,000 160,000 21,000 – 150,000 81,250 63.20%
Venture Capital 1.30% 90,000 – 160,000 125,000 10,000 – 43,400 30,000 42.90%
Private Client Services/Wealth management N/A 125,000 – 150,000 125,000 40,000 – 75,000 50,000 100.00%
Other 1.90% 115,000 – 170,000 136,500 25,000 – 50,000 32,500 75.00%
Management 10.20%
Development Program/Rotational 3.40% 105,000 – 125,000 120,000 5,000 – 35,000 25,000 70.60%
General Management 2.30% 60,000 – 175,000 122,500 5,000 – 90,000 40,000 75.00%
Operations/Production 2.50% 72,000 – 140,000 100,000 10,000 – 200,000 10,000 41.70%
Project management 1.30% 70,000 – 150,000 115,000 20,000 – 30,000 25,000 40.00%
Other N/A 120,000 – 135,000 130,000 20,000 – 40,000 40,000 100.00%
Marketing 9.90%
Brand/Product Management 5.10% 77,000 – 200,000 117,000 20,000 – 90,000 35,000 77.30%
Business Development/Product Development 2.10% 80,000 – 155,000 120,000 10,000 – 155,000 32,500 57.10%
Sales N/A 96,000 – 129,000 115,000 45,000 – 133,000 89,000 66.70%
Other 2.10% 58,000 – 179,000 117,000 15,000 – 60,000 30,000 70.00%
Real Estate 3.20%
Development/Construction 1.50% 100,000 – 140,000 127,500 5,000 – 80,000 42,500 33.30%
Finance 1.30% 90,000 – 125,000 120,000 25,000 – 150,000 135,000 100.00%
Other N/A 117,000 – 135,000 126,000 50,000 50,000 50.00%
Other Functions 4.70%
Technology 1.70% 100,000 – 136,000 130,000 20,000 – 50,000 35,000 25.00%
Other 3.00% 52,000 – 185,000 100,000 3,000 – 100,000 37,500 60.00%

 

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
  • Amazon
  • Deloitte Consulting
  • Goldman, Sachs & Co.
  • PwC Strategy&
  • A.T Kearney
  • J.P. Morgan
  • KPMG
  • Microsoft
  • Adobe
  • Citi
  • IBM
  • Lazard
  • Morgan Stanley
  • Apple
  • Bank of America Merrill Lynch
  • The Estee Lauder Companies
  • L.E.K Consulting
  • Moelis & Company
  • Oliver Wyman
  • Samsung
  • Accenture Strategy
  • Mastercard
  • Uber

Columbia Business School MBA Program AlumniColumbia 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:

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 SchoolsHarvardStanford
Match Schools: Chicago Booth, WhartonDartmouth Tuck, Northwestern’s Kellogg School
Safety Schools: MIT SloanBerkeley Haas, Duke FuquaVirginia Darden

We hope this article helps you learn more about the Columbia Business School, in case of any other queries, please write to us at acethegmat@e-gmat.com

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