Columbia Business School

Columbia Business School (CBS) is the business school of Columbia University in Manhattan, New York City. It was established in 1916 to provide business training and professional preparation for undergraduate and graduate Columbia University students. It is one of six Ivy League business schools, and its admission process is among the most selective of top business schools.[2] Columbia Business School is one of the world's leading business schools, perhaps best known for the seminal work completed in the field of Finance by professors Benjamin Graham and David Dodd. It is affiliated with 13 winners of the Nobel Prize in Economics including current professors Robert Mundell, Joseph Stiglitz and Edmund Phelps.[3] The school has an international emphasis, and many alumni have achieved distinction in the public as well as the private sector. History A. Barton Hepburn, then president of Chase Manhattan Bank, founded the School in 1916 with 11 full-time faculty members and an opening class of 61 students, including 8 women. The School expanded rapidly, enrolling 420 students by 1920, and in 1924 added a PhD program to the existing BS and MS degree programs.[4] In 1945, Columbia Business School authorized the awarding of the MBA degree. Shortly thereafter, in the 1950s, the School adopted the Hermes emblem as its symbol, reflecting the entrepreneurial nature of the Greek god Hermes and his association with business, commerce and communication.[5] In 1952, CBS admitted its last class of undergraduates. The school currently offers executive education programs that culminate in a Certificate in Business Excellence (CIBE) and full alumni status, and several degree programs for the MBA and PhD degrees. In addition to the full-time MBA, the school offers four Executive MBA programs: the NY-EMBA Friday/Saturday program, the EMBA-Global program (launched in 2001 in conjunction with the London Business School), the Berkeley-Columbia Executive MBA program (launched in 2002 in conjunction with the Haas School of Business at University of California, Berkeley), and the EMBA-Global Asia program (launching in 2009 in conjunction with the London Business School and the University of Hong Kong Business School). Students in jointly run programs earn an MBA degree from each of the cooperating institutions. On July 1, 2004, R. Glenn Hubbard became Columbia Business School's eleventh dean. Hubbard, the former chair of President Bush's Council of Economic Advisers, has worked at the intersection of the private, government and nonprofit sectors and played an active role in shaping national and international economic policy, including the deregulation policy leading up Wall Street bank failures in 2008. In Charles Ferguson's 2010 documentary, Inside Job, when prompted, Hubbard strongly maintains that his political and financial connections to government and Wall Street firms do not create any potential academic conflict of interest. Campus Today, Columbia Business School is primarily housed in Uris Hall, a recently renovated 1960s structure at the center of Columbia's Morningside Heights campus. An auxiliary space, Warren Hall, is situated on Amsterdam Avenue and is shared with the law school. Eventually, the
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school will be moved to a new, more spacious facility at Columbia's planned new campus on 125th Street in Manhattanville.[6] In October 2010, Columbia Business School announced that alumnus Henry Kravis, the billionaire co-founder of private-equity firm Kohlberg Kravis Roberts (KKR & Co.), pledged $100 million to fund expansion of Columbia Business School, the largest gift in its history. The donation will go toward construction of the business schools new site in the Manhattanville section of New York City, where Columbia University is extending its campus. One of the schools two new buildings will be named for Kravis.[7] The buildings will be designed by Diller Scofidio + Renfro.[8] MBA program The Columbia MBA Program is designed to prepare its students for the challenges they will face as emerging leaders in a rapidly changing business world. The admission process is highly competitive with an admission rate of 15% in 2009.[9] The student body is highly accomplished and diverse. Students in the class that entered in 2009 come from 61 countries and speak more than 50 languages. In 2011, the median starting base salary was $110,000, with a median $25,000 signing bonus and a median $37,000 of other guaranteed compensation.[17] According to Forbes magazine, 90% of billionaires with MBAs who derived their fortunes from finance obtained their master's degree from one of three schools: Harvard Business School, Columbia Business School, or The Wharton School at the University of Pennsylvania. MBA rankings For 2011, national rankings of Columbia's MBA program include #5 by Forbes,[33] #14 by Bloomberg BusinessWeek,[34] and #8 by U.S. News and World Report.[35] In global rankings, Columbia was ranked #5 by The Economist[36] and #5 (2013 ranking) and #4 among U.S. Schools by Financial Times.[37] In the most recent aggregated "ranking of rankings" of U.S. business schools, Columbia's MBA program ranked #1 in the Financial Times and #5 with Poets&Quants. Each of these rankings is a composite of five major MBA rankings published by Bloomberg BusinessWeek, The Economist, The Financial Times, Forbes, Wall Street Journal and/or U.S. News & World Report which is meant to eliminate anomalies and other statistical distortions that are often present in any single ranking. Executive MBA programs Columbia offers various executive MBA programs. The Executive MBA (EMBA) Friday/Saturday Program is a 20-month graduate program designed for individuals that are looking to enhance their education without interrupting their careers. The EMBA program is taught on campus at Columbia University by full-time faculty. The first year of classes 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 at individuals with approximately 10 years of work experience.[53] The Executive MBA (EMBA) Saturday Program is a 24 month graduate degree program designed for individuals that are looking to enhance their education, but cannot take any time
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away from work. This program is the same as the Friday/Saturday program, with the exception that classes only meet on Saturdays over a longer period of time. In addition to the New Yorkbased EMBA Program, Columbia offers three partner programs to meet the differing needs and geographical distribution of prospective students.[54] Because students in the partner EMBA programs must satisfy the separate requirements of each school, they earn an MBA degree from each participating university. Likewise, they become alumni of each university and business school and may avail themselves of all programs and privileges afforded to alumni.

The EMBA-Global program is a 20-month program administered in partnership with the London Business School. The program enrolls approximately 70 students from around the world per year. Courses are taught by the full-time faculty of both schools. During the first year, the core curriculum classes alternate monthly between the campuses of Columbia University and the London Business School. The core curriculum is similar to that offered in the regular EMBA programs offered separately by each school, but with a more transnational-business emphasis. Second year classes may be selected from the portfolio of EMBA classes offered at either or both partner schools.[55] The Berkeley-Columbia Executive MBA, administered in conjunction with the Haas School of Business at the University of California, Berkeley. This 19-month program enrolls approximately 70 students per year. Classes are divided into five terms. Each term contains five sessions that typically meet Thursday through Saturday. One session per term is held at the Columbia University campus, the other four are held on campus at the Haas School of Business. Courses are taught by the full-time faculty of both schools. The core curriculum is taught during the first three terms and consists of material similar to that given in the other EMBA programs. The last two terms offer elective courses. Students may opt to spend one term studying exclusively in the NYEMBA program at Columbia or in the other MBA programs offered at Berkeley. The Berkeley-Columbia partnership will end after the class admitted in 2012 graduates. The EMBA-Global Asia, run jointly with the London Business School and the University of Hong Kong. This 20-month program follows a curriculum similar to the EMBAGlobal program. Classes are held in Hong Kong, London, New York, and Shanghai.

EMBA rankings

#2 worldwide, #2 US Program, Businessweek, 2011 Executive MBA Rankings[56] #2 worldwide, Financial Times, 2010 Executive MBA Rankings, Global-EMBA program[57] #3 US Program, #13 worldwide. Financial Times, 2010 Executive MBA Rankings, Berkeley-Columbia program[57] #4 US Program, #15 worldwide. Financial Times, 2010 Executive MBA Rankings, NYEMBA program[57] #5 US News and World Report 2010 Rankings[58] #4 BusinessWeek Executive MBA Rankings, NY-EMBA program[59] #9 Wall Street Journal Executive MBA Rankings, 2010, NY-EMBA program[60]

MS Programs Columbia Business School currently offers three separate Master's of Science degrees in Financial Economics, Marketing, and Leadership. Admission to the programs is extremely competitive with 543 applicants to the Financial Economics program in 2011, its first year, and only 10 students accepted.[61] Faculty Columbia Business Schools eminence is rooted in the strength, leadership and experience of its 136 full-time faculty members,[70] including Joseph Stiglitz, the 2001 Nobel laureate in economics who also teaches at the university's School of International and Public Affairs; Ray Fisman, the Lambert Family Professor of Social Enterprise; and Bernd Schmitt, the Robert D. Calkins Professor of International Business. The current Dean is the former Presidential Council of Economic Advisors Chairman Glenn Hubbard. Hedge fund gurus Joel Greenblatt and Ken Shubin Stein are currently adjunct professors. Bruce Greenwald teaches Value Investing and Economics of Strategic Behavior electives. Adam Dell, brother of Dell Inc. CEO Michael Dell, is a venture capitalist who teaches Business Innovation and Technology. Jonathan Knee teaches Finance and is the author of a book titled "The Accidental Investment Banker". James Freeman[disambiguation needed] teaches Investment Banking and is the CEO of a boutique investment bank by the same name. Frederic Mishkin, member of the Board of Governors of the Federal Reserve System, returned to teach at CBS starting fall 2008.[71] Rita Gunther McGrath is a well known member of the strategy faculty and the author of four books on the subject, most recently The End of Competitive Advantage: How to Keep Your Strategy Moving as Fast As Your Business (2013, Harvard Business Review Publishing)