columbia mba
Post on 02-Apr-2015
202 Views
Preview:
TRANSCRIPT
MBATHE COLUMBIA
II Columbia Business School
Welcome to Columbia Business School.
Known as one of the finest
international business schools in the world,
the School is enriched both in and out of the
classroom by its eclectic faculty, heterogeneous student body and global
alumni network. Diverse by any measure—geographic, cultural,
professional—Columbia Business School thrives on the resulting synergy.
New York, Ivy League. Our home, New York, is a center of
international business, a global financial and communications capital
and the most entrepreneurial city anywhere. It is among the world’s
most compelling places to live, work and study—you can’t help but
feel invigorated by your surroundings. We are a proud part of Columbia
University, the only member of the Ivy League in New York. We draw
on the University’s impressive strengths—in law, international and
public affairs, medicine and social sciences—to add greater depth
and opportunity to the MBA Program.
Leadership for Life. The focus of a Columbia MBA is education
for a lifetime of success in a changing global environment. The core
courses, the electives, the concentrations, the research centers all
help you prepare for your entire career, not simply your next job.
Entrepreneurship, internationalism and leadership are woven
throughout the curriculum because they are key to leveraging
opportunities, now and 50 years from now.
From Ideas to Impact. Columbia Business School’s faculty and
curriculum bridge the theory and practice of business. The Columbia
experience is a marriage of ideas and impact, with faculty members,
alumni and students connected to the School and the world.
The People Business. Perhaps our greatest value lies in our
students’ three strongest networks: the faculty, alumni and one
another. Our people shape the Columbia Business School experience,
inspiring creative thinking and honing sharp intellect. They foster
an entrepreneurial mindset focused on identifying and capturing
opportunity—the stuff of which leaders are made.
The Columbia MBA experience is exhilarating, intensive and
transforming, and it gives back to you even more than you put in.
I invite you to discover it for yourself.
Glenn Hubbard Dean and Russell L. Carson Professor of Finance and Economics
FROM THE DEAN
Columbia Business School 1
2 Columbia Business School Columbia Business School 3
THE COLUMBIA BUSINESS SCHOOL
EXPERIENCE
4 Columbia Business School
L ocation. Global focus. Impressive resources in
intellectual capital. Leadership in business education.
A network of accomplished alumni and friends that spans
the world long after graduation. An energetic community
of multitalented, diverse students who are distinctive,
entrepreneurial, focused, flexible and successful. Columbia
Business School’s competitive advantages are legion.
Reputation
The Financial Times, Business Week, U.S. News and World
Report and Forbes agree. Columbia Business School is
ranked among the handful of top graduate business
schools worldwide, year after year.
Columbia’s reputation draws on the excellence of its
curriculum, which ensures students a rigorous, broad-based
management education encompassing such subjects as
accounting and finance—the foundation of any industry—
as well as internationalism, entrepreneurial thinking and
leadership, which are woven throughout. An outstanding
faculty and innovative programs in entrepreneurship, healthcare
and pharmaceutical management, marketing, media, real estate
and social enterprise add to the School’s luster.
The New York Advantage
New York is unparalleled in the access it offers
students to the practice of global business—
for hands-on learning, mentoring and career
networking, whatever the industry. “There are
countless recruiting and cultural opportunities,”
says one student. “You’re just a subway ride
away from hundreds of recruiters and role
models in every industry. Here you can use
your drive to get things accomplished.”
A Welcoming Community
The students, alumni and members of the
faculty and administration, among others,
who make up the Columbia Business School
community provide a network offering a lifetime
of friendship, professional advancement and
inspiration. “You get the sense of a small town
within the big city,” says one first-year student.
It is a “small town” that offers something
for everyone: Columbia is one of the most
heterogeneous of leading business schools
in professional background, international
representation and individual demographics.
In recent years, approximately 34 percent—
consistently one of the highest numbers among
our peer schools—of the entering class have
been women. And we consistently rank No. 1
or 2 in the enrollment of minority students.
Recruiters place exceptional value on Columbia Business School alumni for their
global outlook, drive and intelligence—traits that serve graduates well, no matter
what industry. A recent Forbes ranking of the return on investment from earning
an MBA again placed Columbia Business School No. 2 among all competitors. The
Forbes survey reports the income of class members four years after graduation.
On average, the School’s graduates had more than tripled their pre-MBA salaries.
What did our graduates tell Forbes they like about Columbia? They value the
heterogeneity and international diversity of the Columbia community, the strength
of the curriculum and the School’s proximity to Wall Street.
REPUTATION
HodrickLOCATION
Columbia Business School 5
LAURIE SIMON HODRICKAs professor of finance and economics,
is known for her groundbreaking
research on corporate finance, which
earned her the National Science
Foundation Presidential Young
Investigator Award; also has received
many awards for teaching excellence,
including the School’s Singhvi Prize
for Scholarship in the Classroom
three times and the University’s
Presidential Teaching Award.
“Columbia Business School is the only
place that I can teach a theory on
Monday, do a case illustrating that theory
on Wednesday and have the principal in
the case come to class on Thursday and
tell us the hows and whys of the real
situation. The New York advantage
combines the synergy of the best teaching,
the best research and the best from business
practice. It’s an incredible education.”
6 Columbia Business School
Class of 2007 Profile
September entrants . . . . . . . . . . . . . . . . . 515
January entrants . . . . . . . . . . . . . . . . . . . 196
Average age at entry. . . . . . . . . . . . . . . . . 28
Age range . . . . . . . . . . . . . . . . . . . . . 21–41
Average years of work experience . . . . . . . 5
GMAT range (middle 80%) . . . . . . . 660–750
GPA range (middle 80%). . . . . . . . . . 2.9–3.9
Non-U.S. citizens . . . . . . . . . . . . . . . . . . 32%
Women . . . . . . . . . . . . . . . . . . . . . . . . . 33%
Minorities . . . . . . . . . . . . . . . . . . . . . . . . 24%
Undergraduate MajorClass of 2007
Engineering and Computer Science 20%Economics 24%
Business 19%
Other 9% Humanities and Social Sciences 20%
Pure Science and Math 8%
Columbia Business School 7
PenmanSTEPHEN H. PENMANAs the George O. May Professor of
Accounting, focuses on financial
statement analysis and the use of
accounting information in equity
valuation; Morgan Stanley Dean Witter
Research Scholar; codirector of the
Center for Excellence in Accounting
and Security Analysis (CEASA).
“Columbia students bring their
experiences into the classroom,
making the course work more potent
for everyone. I really learn from these
interactions, and I know the students
do as well. The academic environment
here is exceptional. Columbia students
are intense and focused. As a faculty
member, it’s incredibly satisfying.”
MBA AT A
GLANCEThe numbers are compelling: Over the past decade,
applications to Columbia Business School have nearly
doubled—among the largest increase at any top business
school. And Columbia MBA students are extremely attractive to
corporate recruiters, who actively recruit on behalf of hundreds
of employers each year, holding thousands of interviews.
The Ivy League Edge
Columbia Business School students also enjoy the qualitative
benefits of being part of the only Ivy League university in
New York. Columbia has long been acclaimed for its intellectual
capital and cutting-edge research. Seventy Nobel laureates have
taught or studied at Columbia, including current
Business School faculty member Joseph Stiglitz.
Dual-degree programs allow MBA students a choice
of 11 advanced degrees at other schools at the
University. Other opportunities abound, whether to
take courses in other divisions or work informally
across disciplines. “It’s great to take classes or just
interact with people from different schools,” says
one MBA student. “One of my best friends is a
PhD English student.”
On the Web:
■ Top employers of graduates
■ Select recruiting companies
■ Employment reports
Look for similar Web links
throughout this publication for
more on Columbia Business
School.
www. gsb.columbia.edu /recruiting
Professional BackgroundClass of 2007
Investment Banking 14%%Consulting 15%
Financial Services 11%
Technology 10%Media/Entertainment 9%
Retail/Consumer Goods/ Manufacturing 10%
Healthcare/Pharmaceuticals 3%Real Estate 4%
Nonprofit/Government 8%
Other 9%
Energy and Minerals 2%
Private Equity/Venture Capital 5%
8 Columbia Business School
THE COLUMBIA
COMMUNITYColumbia Business School students find that from day 1
of orientation they have a ready-made community—
a distinctive strength fostered by the cluster system, rigorous
classes, team projects, involved alumni and a strong sense
of connection between students and faculty members.
One first-year says, “It’s hard to describe if you’ve never been
through it before. We all have totally different backgrounds
and opinions and views. But we discover we’re all partners
in each other’s education.”
■ A variety of programs and events at the School foster
extraordinary connections between students and role
models, whether faculty members, recent or more seasoned
graduates, or even members of the Board of Overseers.
■ Some 100 student-organized clubs and groups run the
gamut from the social to the athletic to the career-oriented,
from international travel to community service activities.
■ Morningside Heights, at once urban and collegiate,
is a real community—one of the many distinct, vibrant
neighborhoods that make up New York. www. gsb.columbia.edu /community
On the Web:
■ Student activities and organizations
■ The Columbia campus
■ Community service opportunities
Columbia Business School 9
rohitROHIT MALIK MBA ’07Background: Financial analyst for IBM Worldwide
Design Centers, Congressional intern and researcher
at the American Enterprise Institute and the
Brookings Institution.
Focus: Strategic management.
Career goal: Improve leadership abilities that will
lead to a long-term, fulfilling career in management
and leadership, possibly in the political sector.
“On the first day of school, the dean himself welcomed
people. He had seen my application, so right off the bat
that made me feel that this was my home, not just a place
where I go to class. The fact that he is trying to make
great strides for leadership and ethics paralleled my own.
The administration is constantly soliciting feedback, and
they’re open to our fresh ideas.”
STUDENTSThe heterogeneity of Columbia MBA students—in background,
race, nationality, gender and experience—is impressive.
“You’ll find many people here who are like you,” says one
observer, “and many who are not.” A first-year student echoes,
“Many come from Wall Street and from financial backgrounds,
but many do not. There are former teachers, marketing folks,
engineers. It’s a broad spectrum of backgrounds, and it’s
refreshing.” This diversity is an asset in the classroom, too. “In my
course on negotiations,” says one faculty member, “one big lesson
I want to get across to students is that differences in values or
differences in beliefs are really something to be cherished.”
All of a Sudden, Family
Each entering class is divided into clusters, or groups of
students who take every core course together for the first year
of the program and overlap regularly thereafter. “The clusters
are great,” says a first-year student. “You have about 65 people
that all of a sudden become family.” Clusters and their smaller
offshoots, study groups of four to five persons, are diverse by
design. “We mix people up so the groups reflect our
community and students can really learn from each other,”
says one member of the Student Academic Affairs Office.
Students find they appreciate the team-building skills and
meaningful networks that this group work fosters. One native
New Yorker says, “I spend all day with my cluster and my
study group, and I still look forward to studying with them
or going out with them in the evening.”
Constant Activity
Nearly 100 academic, professional, community service, social
and recreational organizations mean Columbia Business School
provides myriad opportunities for leadership or for simply having
a good time. “If you’re looking for a job and want a club that
suits your needs, you’re guaranteed to find it. But the ones that
aren’t job-related are more fun,” advises the former president
of the Wine Society. Many students are involved in tutoring,
mentoring or pro bono consulting programs. There’s so much
happening around campus, one student says, that “the big joke
is we never have to go south of 110th Street.”
Another student likens the Columbia community to a
smorgasbord: “Some schools put food on your plate and say this
is what you have to eat. Columbia is a fabulous buffet of options
and friendships. If you’d like more social contact, there are lots
of opportunities. If you’d like less, no one thinks that you’re
ostracizing yourself.”
Responsive Reception
Students note the willingness of people in the Columbia
community to encourage feedback and suggestions and, more
important, to then act upon them. “The School invests a lot
of time in terms of making sure people are happy,” says one
student. “They constantly seek feedback from students.”
“Every week the class in retailing leadership brought in the
CEOs or presidents of the world’s best retailers, such as
Tiffany. We were not only able to learn about retailing, but
how to be a successful leader. The professor encouraged us
to ask personal questions, such as what qualities these
CEOs look for in hiring people. It helped us as individuals
see ourselves getting to that point in our careers.”
jenniferJENNIFER MECHLOWE MBA ’06
Background: Business analyst at McKinsey & Company,
then undertook a planning function at Bloomingdale’s.
Focus: Marketing and management.
Career: McKinsey & Company associate, specializing in
retail and consumer industries.
10 Columbia Business School Columbia Business School 11
12 Columbia Business School
Columbia Business School students enjoy total immersion
in one of the world’s business capitals. That means,
among other things, unparalleled access to global leaders on a
day-to-day basis. “They hop in a limo and they’re here,” says
one student. “You don’t get that anywhere else. Period.” They
come to campus to share their knowledge—and be frank about
their mistakes—in a no-holds-barred, sleeves-rolled-up fashion.
Hundreds of business leaders visit the School
each year as Silfen Leadership Series speakers,
executives in residence, recipients of one of
the Benjamin Botwinick Prizes in ethics, guest
lecturers in the classroom or adjunct faculty
members to share their insights with students
in an intimate environment. The energy and
perspective they bring create a context in
which classroom studies and research projects
take on a whole new meaning.
Learn from Leaders
The importance of the real-world perspective, leadership styles
and personal philosophies these executives share with students is
undeniable. A popular speaker series that has brought top leaders
to campus for more than 30 years was renamed the David and
ACCESSLyn Silfen Leadership Series in 2002 in recognition
of the former Goldman Sachs partner and his wife.
“These are world leaders speaking to potential
world leaders,” says one observer. Adds Silfen,
MBA ’68, “The speakers enjoy it too—they know
this is a
broad-gauge and highly accomplished group.”
Another important asset for students is
the 89-person Columbia Business School
Board of Overseers, whose members play
a major and often highly personal role in the
School’s activities and strategies, providing
an international and increasingly broad
perspective on leadership.
From Access to Outcome
One example illustrates the impact access can
have on a student’s career. After hearing board
member Mario Gabelli, MBA ’67, speak on
campus a student introduced himself, saying,
“I’d like to work for you.” He got a call from
a Gabelli staffer the next day, parlayed his
conversation into an internship and now works
for Gabelli Funds. At Columbia Business School,
students can take advantage of a number and
variety of opportunities that just aren’t available
anywhere else.
SELECT RECENT SPEAKERS AT COLUMBIA BUSINESS SCHOOL
David Barger President and COO, JetBlue Airways
Wolfgang Bernhard MBA ’88 Member of the Board of Management, Volkswagen Brand Group
Russell Carson MBA ’67 General Partner, Welsh, Carson, Anderson & Stowe
Bruce Chizen CEO, Adobe Systems
Leon Cooperman MBA ’67 Chairman and CEO, Omega Advisors
Donny Deutsch Chairman, Deutsch, Inc.
Barry Diller Chairman and CEO, IAC/InterActiveCorp
Jamie Dimon President and CEO, JPMorgan Chase
Mickey Drexler Chairman and CEO, J. Crew
Michelle Felman Executive Vice President, Acquisitions, Vornado Realty Trust
Lew Frankfort MBA ’69 Chairman and CEO, Coach
Geraldine Laybourne Chairman and CEO, Oxygen Media
Ann Moore Chairman and CEO, Time Inc.
Henry Paulson U.S. Secretary of the Treasury
Robert Rubin Chairman of the Executive Committee, Citigroup
David Stern Commissioner, NBA
Bob Wright Chairman and CEO, NBC Universal
Columbia Business School 13
(Above left) Columbia MBA students at the spring 2006
Berkshire Hathaway annual meeting with Warren Buffett,
MS ’51, chairman and CEO
(Above right) Shelly Lazarus, MBA ’70, chairman and CEO
of Ogilvy & Mather Worldwide; Jerome Chazen, MBA ’50,
chairman of Chazen Capital Partners; Paulo Scaroni,
MBA ’73, CEO of ENI
www. gsb.columbia.edu /network
On the Web:
■ Members of the Board of Overseers
■ Distinguished Speakers
■ Executives in Residence
■ Alumni in the United States and around the world
■ More on the Columbia network
14 Columbia Business School
ENVIRONMENTColumbia Business School is housed in Warren Hall and
in Uris Hall, which is part of the University campus
designed more than a century ago as an academic village of
Italian Renaissance–style buildings. Columbia makes its home
in Morningside Heights, a New York neighborhood filled with
shops, restaurants, bookstores—and a distinctly collegiate air.
“Sometimes I feel I don’t live in New York City as much as I do
at Columbia University,” says one student. “It is my home.”
A College Town in the City
The bustling streets and shops of
Morningside Heights are bounded
by leafy triumphs of urban planning,
with Riverside Park and its views of
the Hudson River along one side,
Morningside Park bordering the other
and Central Park just a short walk
away. “With the Cathedral of
St. John the Divine and Grant’s Tomb,
the neighborhood looks something like
Paris,” says one resident. It’s filled with
outdoor cafés, ethnic restaurants, music
clubs, open-air fruit markets, clothing
stores and ice cream parlors. And it’s made distinctive by the
close-knit community of people who live there, many of
whom study, teach or work at Columbia or one of the many
other schools nearby.
“For our holiday party in late November, we
invite kids from neighborhood shelters, schools
and after-school programs. About 200 student
volunteers and 200 kids get together for face
painting, food, and music. It’s amazing to
see business school students over the course
of a couple of hours realize what is really
important—how fortunate they are to be here,
and that they have a larger sense of duty to the
community. That event really moved me, and
it’s why I love Columbia and New York City.”
—Albert Lee MBA ’07
An Urban Oasis
With its 36 acres adorned with spacious tree-
shaded lawns and plazas, Columbia’s campus,
built in 1897, was designed to be a refuge
from the bustling streets around it. And it’s
conveniently situated—many of the city’s
cultural and professional networking attractions
are within a half-hour’s ride by cab or subway.
The campus’s relatively small size, meanwhile,
promotes interaction within and across schools
and makes it easy to attend a variety of world-
class lectures and events.
Business School Facilities
Ornate iron gates flank the main entrance to
the Columbia University campus at 116th Street
and Broadway, a short walk from Uris Hall,
the School’s home. Warren Hall, a light-filled,
eight-story building erected nearby in 1999 on
the corner of Amsterdam Avenue and 115th Street,
provides shared space for Columbia Business
School and Columbia Law School.
Housing Options
Some business students live near campus in
University-owned student housing, which,
while limited in supply, is provided to students
based on their distance from New York. Others
explore options in non-University-owned
housing, whether in Morningside Heights, the
Upper West Side, Greenwich Village or beyond.
brad
Columbia Business School 15
BRAD ASPEL MBA ’06Background: As a Broadway actor,
he led a fund-raising effort for his
cast that raised $240,000 for charity.
Focus: A broad education with
an emphasis in finance.
Career: McKinsey & Company consultant.
“During my first year I got an internship
at Sesame Workshop, working under
the stewardship of a Columbia Business
School alum. I got to see someone
20 years out of the program and, because
it was a finance/marketing project,
immediately apply what I had learned. All
this took place in a nonprofit atmosphere,
which made it a really rich experience.
Overall, it represents the connection, the
learning and the resources of Columbia.”
16 Columbia Business School
THE MBA PROGRAMT he Columbia MBA integrates leadership skills, an
international perspective, and entrepreneurial and
cross-disciplinary approaches to prepare its students for a
lifetime of success. The curriculum encourages independent
thinking, and learning is facilitated by faculty members who
move their ideas from research into practice; by visiting
executives who share lessons learned at the highest levels;
and by fellow students who bring together diverse
perspectives to create a cohesive, lifelong network.
One Program, Two Formats
Students may choose from two four-term formats as they
pursue a Columbia MBA.
■ September Entry Students typically pursue a summer
internship between their first and second academic years.
The internship option is particularly suited to those who
want to change industries or move to a new career path.
■ January Entry Students complete four consecutive terms
spanning 16 months in the accelerated program, graduating
with the class that began the previous September. This option is
ideal for those who want to remain in the same industry, return
to a current employer or continue an entrepreneurial venture.
GreenwaldBRUCE C. GREENWALD As the Robert Heilbrunn Professor of Finance and Asset
Management and director of the Heilbrunn Center for
Graham & Dodd Investing, focuses on value investing as
well as productivity and the economics of information; first
Business School faculty member to receive the University’s
Presidential Teaching Award and three-time winner of
the student-designated Singhvi Prize for Scholarship in
the Classroom; called “a guru to Wall Street’s gurus” by
the New York Times; coauthor of Competition Demystified:
A Radically Simplified Approach to Business Strategy
(2005), described as “the most important new book
on competitive strategy in a quarter-century.”
“Improvements in the standard of living throughout the world
depend on the kinds of people I teach at Columbia Business
School. If managers do badly, stores are empty, lights do not
go on, cars fall apart and, ultimately, people everywhere lead
shorter, more unpleasant lives. To the extent that they—and
I—do a good job, progress will continue to spread throughout
the world. I cannot conceive of a greater, more rewarding
challenge than teaching and doing research at Columbia.”
www. gsb.columbia.edu /academics
On the Web:
■ Popular electives
■ Areas of study
■ Course descriptions
■ More on dual degrees
■ Sample course schedules
(Above left) Raymond Horton, Frank R. Lautenberg
Professor of Ethics and Corporate Governance and director
of the Social Enterprise Program
Columbia Business School 17
A Solid Foundation
The core curriculum, taken during the first two terms, gives a
solid foundation for a lifetime of learning. Taught by full-time
faculty members, the core consists of five full courses and
eight half-term courses and represents 45 percent of degree
requirements. Courses that make up the core are Corporate
Finance, Creating Effective Organizations, Decision Models,
Financial Accounting, the Global Economic Environment,
Leadership, Managerial Accounting, Managerial Economics,
Managerial Statistics, Managing Marketing Programs, Marketing
Strategy, Operations Management and Strategy Formulation.
Students who can demonstrate considerable expertise in
an area may be exempted from the corresponding core
requirement, allowing them to take advantage of more
advanced offerings.
Concentrations
Concentrations are optional and include the areas listed at far
right. Students can also focus on a subspecialty within an area,
develop a self-defined focus or graduate without a concentration.
CURRICULUMCross-Registration and Dual Degrees
Columbia Business School makes a point of offering the
same flexibility it encourages in students. Students choose
from around 200 elective courses at the School and can
supplement these with offerings from among the more
than 4,000 graduate-level courses at 12 of the University’s
other schools. Field-study and independent-study options
allow students to tailor programs of study to their interests.
Dual degrees (see page 40) are available with 11 other
Columbia schools—and the programs can be applied
to simultaneously or when a student is already enrolled
in one of the schools. “The biggest surprise for me was
how many options there were,” said one second-year
general management student. “And there are phenomenal
professors in every area. They’re brilliant and talented in
academics and in teaching. I’m really, really pleased with
the quality of my education.”
Select Concentrations
■ Accounting
■ Decision and Risk Analysis
■ Entrepreneurship
■ Finance and Economics
■ Human Resource
Management
■ International Business
■ Management
■ Marketing
■ Media
■ Operations Management
■ Real Estate
■ Social Enterprise
kameronKAMERON KORDESTANI MBA/MIA ’05
Background: As an undergraduate, worked at the
U.S. embassy in The Hague; worked for four years at
Deloitte Consulting in Southern California; also pursued a
master’s in international affairs at Columbia’s School of
International and Public Affairs; coordinated and planned
community service programs at the Business School.
Focus: General management.
Career: McKinsey & Company associate; long-term goal
is to manage an international nonprofit.
“My biggest take-away is that Columbia is really what you
make of it. The experience and the benefits are proportional
to the effort you put into it—building friendships and
relationships, getting involved in student organizations.
It’s a very entrepreneurial place, and it is up to each person
to customize that experience.”
18 Columbia Business School Columbia Business School 19
20 Columbia Business School Columbia Business School 21
ACCELERATIONainsleyAINSLEY HINES MBA ’07 Background: An art history major as an undergraduate,
she got into business in Sotheby’s wine department and
then worked on hedge funds and in trading for two years
before doing performance analysis for a Washington, D.C.
best practices firm.
Focus: Retail, finance and management.
Career goal: Retail finance and strategy.
“Ten days into school Hurricane Katrina hit, and my dad’s
business was 20 feet under water. The school rallied
behind me, and it meant so much that the community
continued to ask me about it through the year. In May,
14 of us went to New Orleans to do service work.
For a week we gutted houses and helped build others.
I couldn’t believe the strength of my friends.”
THE ACCELERATED MBA:
COLUMBIA’S 16-MONTH, JANUARY-ENTRY OPTION
This full-time program begins in January and continues for
16 consecutive months. It offers the School’s full-time MBA
experience and curriculum to those students who do not
need or want a summer internship.
■ Complete your degree in four
consecutive terms—and be out of
the workforce for only 16 months.
■ Begin your MBA program when it’s
convenient for you—and enjoy the
benefits of remaining at your job
through the end of the calendar year.
■ Enjoy diversity in a smaller class. The 2007 class has
196 students, representing 46 countries and speaking more
than four dozen languages. Nearly two-thirds of them
were born outside of the United States, and nearly one-third
are women. The class includes the chief of staff of the
New York City Economic Development Corporation, a UNICEF
volunteer in Namibia, an Ironman triathlete and entrepreneurs
who launched more than 15 business—including an airport
spa chain, an indie music label and a Swedish alcohol import
and export company.
“I was completely blown away by how friendly
and down-to-earth the people are, although they
are so smart and accomplished. Even after a
year out, the students, faculty and administration
seem amazing.”
—Franklin Cho MBA ’07
THE ACCELERATED MBA IS IDEAL FOR YOU IF
■ you want to stay in the same industry after graduation or
■ you are sponsored by your company or
■ you are an entrepreneur or
■ you plan to return to your current employer or
■ you want to join your family business.
Bridging Theory and Practice
Columbia Business School offers the kind of research
centers and emerging programs that are possible only in an
environment that combines the advantages of a preeminent
research university with the dynamism of the city itself.
■ The Eugene M. Lang Center for Entrepreneurship
Entrepreneurship is integrated throughout the Columbia MBA
core, in electives and in hands-on lab settings.
Whatever the leadership position or industry, it’s
a competitive advantage to be able to identify
value, capture opportunity and solve problems
with limited resources. “At Columbia, we encourage
the individuality, the quirkiness, that it takes to
be a good entrepreneur,” says one observer.
The Lang Center oversees a wealth of resources,
including an extensive network of mentors and
the Eugene M. Lang Entrepreneurial Initiative Fund,
which invests up to $250,000 of seed funding in
student ventures each year.
■ The Social Enterprise Program
The Social Enterprise Program prepares leaders to create social
value in business, nonprofit and government organizations—
from the local to the international stage. It promotes the
development of professional expertise in four areas:
public and nonprofit management; international development
and emerging markets; corporate social responsibility and
sustainability; and social entrepreneurship. Students are able
to construct a learning experience that reflects their ideals
and goals.
■ The Paul Milstein Center for Real Estate
The MBA Real Estate Program features a rigorous curriculum
that blends theory with practice. Students enjoy the dual
advantages of a top-ranked MBA education in the capital of the
real estate industry. And in the world of real estate, the program’s
alumni base represents much more than a network—it is a
framework upon which graduates construct their careers.
■ The Media Program
Columbia Business School combines a varied media curriculum
with exposure to industry leaders, who visit the School to share
firsthand insights into changing technologies, cost structures,
regulations, consumer tastes and expectations, and more. Full-
time faculty members—from finance and economics to marketing
and management—apply their scholarship to the issues that
shape the media industry. Internships and relationships provide
access to the New York–based global media community.
■ Heilbrunn Center for Graham & Dodd Investing
The concept of value investing—identifying and buying securities
priced below their true value—was developed at the School in
the 1920s by Professors Benjamin Graham and David Dodd,
MS ’21, providing the first rational basis for investment decisions.
Today, the center builds on its tradition, its faculty and its
location, including access to leading practitioners and firms and
the School’s powerful networks on Wall Street.
■ Program in Healthcare and Pharmaceutical Management
Through an innovative curriculum, faculty mentorship and
interaction with industry leaders, students gain the real-world
insight needed to manage, invest in and launch healthcare
enterprises—all in the vibrant New York location that is key to
our success.
■ Retailing and Luxury Goods
Columbia Business School offers a leading curriculum in retailing,
with a focus on the design and marketing of luxury brands.
Guest speakers at the highest levels of the industry—from Chanel
and Saks to Ikea and Abercrombie & Fitch—frequently appear in
classes or at meetings of the Retail and Luxury Goods Club.
OPTIONS
On the Web:
■ The Global Social Venture Competition
■ More on student entrepreneurial ventures
■ Courses and cases in real estate, media, value investing and retailing
www. gsb.columbia.edu /teaching
22 Columbia Business School Columbia Business School 23
24 Columbia Business School
IDEAS AT WORKR esearch and teaching at Columbia Business School identify
opportunities and address needs in business and society
at large. Members of the faculty are world-class teachers whose
scholarship regularly bridges theory and practice. Their ideas,
honed in discussions with students and colleagues across
disciplines, are put to work in
businesses around the world.
Faculty members help to change
managements and organizational
and financial practices, which in turn
can lead to the creation of wealth
and prosperity for many citizens of
the global economy. It’s clear why
academic journals and leading media
outlets frequently seek them out for
their perspectives on current issues.
A Learning Environment
The School’s leadership in global business education is driven
by the strength, reputation and experience of its 117 full-time
faculty members. More than half have lived and worked abroad,
and most consult for global business organizations. Often, they
choose to be in New York because the city is a top laboratory for
(Above left) Ralph Biggadike, professor of professional practice
business study. Their teaching is complemented
by that of about 120 adjunct faculty members,
accomplished practitioners all. In the classroom,
lectures and case studies come alive thanks to
professors’ extensive real-life experience in the
business world. And the Columbia Business
School community thrives on its extraordinary
access to them: students frequently socialize with
faculty members and after, as alumni, keep in
touch with their mentors.
Expanding Capabilities
A talented faculty is the lifeblood of exciting
teaching and significant research, and, looking
to ensure continued strength, Columbia has
added nearly 50 new faculty members in
five years. “The School attracts exceptionally
brilliant and charismatic professors,” says
one second-year student.
Stiglitz
On the Web:
■ Magazine: an online magazine showcasing recent research
■ Research briefs: one-page digests of research findings
■ Research archive: a searchable database of faculty publications
www. gsb.columbia.edu /ideas
JOSEPH STIGLITZ
Columbia Business School faculty
member Joseph E. Stiglitz won a Nobel
Prize in economics for his pioneering
analyses of markets with asymmetric,
or imperfect, information. A former chief
economist of the World Bank and chair-
man of the Council of Economic Advisers,
Stiglitz leads the seminar Globalization
and Markets: Reforming International
Economic Architecture. He also directs
the Initiative for Policy Dialogue, to
help developing countries explore policy
alternatives. Among his recent books
are Globalization and Its Discontents
and The Roaring Nineties.
Columbia Business School 25
26 Columbia Business School
INNOVATIONIdeas Matter
The academic frontiers of finance two or three decades ago
dominate the practice of investment management today.
Financial accounting research on earnings quality and
valuation is now commonly used in practice. These are only
two examples of the thousands of ideas that have made the
leap from “academic” to “received wisdom.”
The School is a key forum for developing the ideas that
will shape the world in such areas
as improving corporate governance,
understanding individual decision
making, fostering economic
institutions for growth, developing
brand value, enabling healthcare
markets and designing accounting
systems. And business research can
contribute to broader discussions
of corporate social responsibility,
management practices and employee
success, and costs and benefits of
globalization, among others.
Centers for Research
The School features 14 research centers, environments where
faculty members work across disciplines and with students to
address issues of global business. The centers are also among
the catalysts for involving real-world business stars in the
education of our students.
Research Centers at Columbia Business School
■ Arthur J. Samberg Institute for Teaching Excellence
■ Center for Excellence in Accounting and Security Analysis (CEASA)
■ Center on Global Brand Leadership
■ Center on Japanese Economy and Business
■ Columbia Center for Excellence in E-Business (CEBiz)
■ Columbia Institute for Tele-Information (CITI)
■ Eugene M. Lang Center for Entrepreneurship
■ Financial Markets Laboratory
■ Heilbrunn Center for Graham & Dodd Investing
■ Jerome A. Chazen Institute of International Business/Center for International Business Education Research (CIBER)
■ MBNA Center for the Study of Banking and Financial Institutions
■ Paul Milstein Center for Real Estate
■ Sanford C. Bernstein & Co. Center for Leadership and Ethics
■ W. Edwards Deming Center for Quality, Productivity and Competitiveness
From the Campus to the World
The work of the School’s faculty has an impact on the
business world and on everyday life—in sometimes
surprising ways. Three recent examples:
■ Linda Green, the Armand G. Erpf Professor of the
Modern Corporation and a founder and codirector of
the Columbia Alliance for Healthcare Management,
was honored for developing widely used systems for
shortening emergency room wait times and allocating
the patrol cars needed to respond to 911 calls.
■ Frederic Mishkin, the Alfred Lerner Professor of Banking
and Financial Institutions and an expert on monetary
policy and its impact on financial markets, was recently
nominated by President Bush to serve on the Board of
Governors of the Federal Reserve System.
■ Michael Morris, professor of management, received
a major research award for his studies on how cultural
traits affect people in business settings. These studies
have launched a new paradigm for researching cultural
influences in behavioral management and marketing.
Columbia Business School 27
“The Milstein Center for Real Estate is a great
conduit for turning cutting-edge research ideas
into practice. The center has sponsored research
on housing bubbles that has been the subject
of dozens of stories in the media. We have
written 70 cases that were used exclusively in
the Columbia curriculum. The Chazen Institute
and the Milstein Center have sent students and
faculty on annual trips to meet executives in
London, Berlin, Hong Kong and Shanghai.”
—Chris Mayer
Paul Milstein Professor of Real Estate
Director, Paul Milstein Center for Real Estate
28 Columbia Business School
CAREERSRecruiters from diverse industries tell us that what most
attracts them to Columbia MBAs is graduates’ ability to
hit the ground running and contribute immediately to their
organization. The School’s employment statistics rival those
of other top schools, and graduates’ starting salaries are
consistently ranked among the highest in the country.
Location, Location, Location
New York offers far more—and more
easily accessible—recruiting opportunities
than any other city. Even when the job
market is tighter, “there’s an ease of doing
it here that makes the difference,” says
one student. “You don’t have to take
a plane and make hotel reservations.
You just call them up and say the
word ‘Columbia’ and you’re there. And
if someone wants to see you again,
no problem.” Another student notes the turnout at on-campus
recruiting events: “Citigroup brought 60 or 70 Columbia grads who
now work there—the student-to-recruiter ratio was only about
2 to 1. Having that opportunity to talk to someone from every
single department is a huge advantage.”
The Alumni Network
Newly minted Columbia MBAs join the
School’s unusually active international network
of more than 36,000 alumni, who tend to be
well positioned and eager to help. Says one
second-year finance student, “Just as you walk
into the School with a cluster as a ready-made
network, you can walk onto the trading floor
where there are a hundred Columbia alumni—
you have a network.” Graduates stay in touch
via the Alumni Web Site, the Young Alumni
Society or one of the 45 alumni clubs
spanning the globe.
Career Services
The Office of MBA Career Services organizes
information sessions, maintains a comprehensive
library and online site, hones career skills and
hosts hundreds of employers each year as they
conduct on-campus interviews and corporate
presentations. In a recent Business Week survey,
recruiters gave Columbia Business School
students A’s for their abilities as analysts, team
players and communicators. Columbia MBA
students, in turn, rated the School’s career
services efforts highly.
On the Web:
■ Top employers of graduates
■ Select recruiting companies
■ Employment reports
www. gsb.columbia.edu /recruiting
dana
“I went into my summer internship at Booz Allen
Hamilton full-force for eight weeks and loved it.
The fact that I got an offer totally changed my
life. Before Columbia I worked for a nonprofit
in California, and now I’m an associate at Booz
Allen’s New York office. As a generalist staffed
to pharmaceuticals, healthcare, operations, oil
or consumer goods, I’ll get a good idea of the
landscape. If I decide to stay in consulting, I
can align myself with an industry or function.”
—Jennifer Randle MBA ’06
DANA WILLIAMS MBA ’06 Background: Tax consultant for
PricewaterhouseCoopers.
Focus: Retail, combining marketing
and management.
Career: Management for Inditex,
a Spanish holding company with
worldwide retail locations.
“Coming to Columbia has changed the
way I viewed the world. I am moving to
Spain to work for Inditex, a Spanish
holding company that owns eight brands.
After management training in Madrid
and other regions of Spain and Europe,
I’ll get an assignment somewhere in the
world, most likely as a country manager.
This opportunity is an embodiment of the
whole experience of Columbia.”
Columbia Business School 29
30 Columbia Business School Columbia Business School 31
THE NEW YORK
ADVANTAGE
32 Columbia Business School
The New York advantage offers a serious competitive edge
to Columbia Business School students, who can, just by
walking the streets of America’s most cosmopolitan city,
hear dozens of languages spoken, snack on exotic foods
and easily pick up foreign media for other perspectives on
global business developments.
Networking
New York is home to 3,000 multinational businesses, the
United Nations and the top echelon of virtually every business
in the world. And thousands of members of the School’s
alumni network live, work and play here. “The sheer number
of our alumni who are in New York makes it a tremendous
place to go to school,” says one student.
Playing
More than 20,000 restaurants and cafés. World-class opera
and dance. Scores of museums and galleries. Professional
sports teams. Great running trails close to campus. Broadway.
Off-Broadway. Off-Off Broadway. Movies you won’t see
anywhere else. Any kind of music you feel like hearing.
Hundreds of bookstores. And it’s all just a stroll, a subway
ride or a taxi trip away. “Some schools have a stellar
academic environment; others have a stellar community,”
says one student. “Columbia has it all.”
OPPORTUNITIES
On the Web:
■ Cultural resources
■ Maps: navigating the city
■ Local media
www. gsb.columbia.edu /newyork
michelleMICHELLE FERTIG MBA ’06 Background: Four years in management
consulting in Deloitte & Touche LLP ’s
Pittsburgh office.
Focus: General management.
Career: Strategy and operations,
specializing in healthcare and life
sciences, in Deloitte’s New York office.
“One Columbia initiative pairs MBA
students with entrepreneurs in developing
countries, and it enabled me to carry out a
lifelong dream. Another student and I went
to Kenya and then published a case study
about a microfranchise that combines a
not-for-profit parent organization and for-
profit franchised pharmacies. Hopefully
it will inspire others to use a similar
business model. The experience gave me
an outlet to share my newfound business
skills, travel to spectacular places and
meet amazing people.”
Balancing
“Half the Columbia experience isn’t the School—
it’s everything else,” says one first-year student.
“That’s one reason so many firms hire from here.
They know if you can multitask and flourish
in New York as well as go to school, you’re
ready for anything. It’s a fabulous cultural and
professional experience.”
That experience also extends to spouses
and partners of Business School students.
“It was really quite an opportunity for both of
us,” says one student whose wife is a musician.
“That’s the great advantage of New York. In
a smaller urban center, a spouse may have
to compromise a career. I can’t imagine
that coming to New York would ever be a
compromise for anyone.”
Columbia Business School 33
34 Columbia Business School Columbia Business School 35
THE COLUMBIA GLOBAL
CONNECTION
36 Columbia Business School
INTERNATIONALColumbia Business School attracts people from around the
world—over one-third of students were born outside
the United States. More than three-quarters of full-time faculty
members specialize in international aspects of their research,
teaching and consulting interests. “An international faculty is a
real plus,” says one student. “You get a really good perspective.”
The Jerome A. Chazen Institute of International Business
The Chazen Institute is the crossroads of internationalism at the
Business School. Here faculty members, students, alumni and
administrators intersect and collaborate on myriad ideas and
issues related to advancing international business education
and research. Says academic director Charles Calomiris, “The
vision of the Chazen Institute—and of the
School itself—is to provide students with
the tools, diverse experiences and
background that will help make them
flexible problem solvers in the global
marketplace. There is no manual for
successful global business. We will know
that we have succeeded as teachers when our graduates display
the courage and self-reliance to formulate their own strategies
to steer their ships around the global economic course.”
The Chazen Institute funds cross-disciplinary and
cross-school research, oversees exchange programs, sponsors
conferences on such emerging issues as political risk and global
portfolio management, helps develop innovative teaching in
international business, hosts an international
career services conference and publishes the
Chazen Web Journal of International Business.
International Study Tours
Students learn firsthand about other business
cultures during one-week trips as they meet with
leading executives and government officials and
visit businesses, factories and cultural sites. Study
tours usually include 20–40 students and at least
one faculty member and one administrator—
and also provide an excellent opportunity for
having fun with friends and colleagues in a
stimulating environment.
The Chazen Language Program
This distinctive noncredit language program
is designed to enhance conversational fluency
in a language, with an emphasis on business
terminology. Classes include Chinese, French,
German, Italian, Japanese, Portuguese and
Spanish; other languages are taught on request.
MBA Exchange Programs
Columbia Business School students can spend
the third or fourth semester of their MBA studies
at one of 24 leading graduate management
institutions around the world.
On the Web:
■ Chazen MBA exchange programs
■ Home countries of international students
■ Top languages spoken by students
■ Students’ thoughts on the global advantage
■ More on the Chazen Institute
www. gsb.columbia.edu /international
luisLUIS CASTRO HUERGO MBA ’07 Background: Entrepreneur in Argentina.
Focus: Management and leadership.
Career goal: To work for a while in
financial services and then resume
entrepreneurship.
“For me New York is the center of the
world. There is so much going on, and
right now this is the best place to start
my career. Columbia brings together
amazing classmates from all walks of life,
and they really know about equity, banks,
entrepreneurship and private equity, and
through the Feldberg Fellowship I’ve
met different CEOs and members of the
Board. These are experiences I never
dreamed I would have.”
RECENT STUDY TOUR DESTINATIONS
Australia
Belgium
China
Ecuador
France
Germany
Great Britain
Hong Kong
India
Japan
Russia
Scandinavia
Columbia Business School’s international
perspective is underscored by the decision
of many graduates to pursue jobs that have
a significant international component or
that are based outside their home countries.
Columbia Business School 37
ADMISSIONSColumbia Business School looks for intellectually driven,
interesting people from diverse educational, economic,
social, ethnic and geographic backgrounds who have
something special to offer their classmates and communities.
Their common denominators are a record of achievement,
demonstrated leadership and the ability to work as
members of a team.
Requirements
■ Bachelor’s degree or equivalent from
an accredited institution
■ The Graduate Management Admission
Test (GMAT)
■ The Test of English as a Foreign Language,
for international applicants who did not
receive an undergraduate degree from an
institution whose primary language of
instruction is English
Value of a Columbia MBA
Earning a Columbia MBA degree has a superb return
on investment, whether measured by outside studies or the
decades-long rewards of a lifelong career. The School’s
financial aid program, which includes need-based
scholarships and federal, institutional and private low-interest
loans, recognizes students who demonstrate exceptional
academic achievement.
Fellowships Reward Excellence
Through the generosity of corporate, individual and foundation
donors, Columbia Business School provides exceptionally
gifted students with such full-tuition fellowships as the
Feldberg Fellowship, as well as a substantial number of
partial-tuition fellowships.
“At the School, Columbians find themselves part of a
nurturing yet challenging community that offers unique
opportunities for exposure and growth in a wide variety
of arenas—all set within the world’s business capital.
Clearly, this is the place to be!”
MeehanLINDA B. MEEHAN
Assistant Dean and Executive Director
of Admissions and Financial Aid
“In the living laboratory that only Columbia Business School
and New York City can provide, our women and men gain the
tools needed to become future business leaders of the world.
International Students by Place of BirthClass of 2007
Europe 32%
Asia/Pacific Rim 42%
Canada 5%
Africa/Middle East 6%
Latin America 15%
38 Columbia Business School Columbia Business School 39
On the Web:
■ Requirements
■ Average test scores
■ Deadlines
■ Visiting the School
■ Applying online
■ Financial aid
■ Interviews
■ Fellowships
www. gsb.columbia.edu /admissions
Columbia Business School iii
Directory Office of MBA Admissions
www.gsb.columbia.edu/admissions
apply@gsb.columbia.edu
(212) 854-1961
(212) 662-6754 (fax)
Office of Financial Aid
www.gsb.columbia.edu/mba/tuition
finaid@gsb.columbia.edu
(212) 854-4057
(212) 854-1809 (fax)
Chazen Institute of
International Business
www.gsb.columbia.edu/chazen
chazen@columbia.edu
(212) 854-4750
(212) 222-9821 (fax)
Doctoral Program
www.gsb.columbia.edu/doctoral
phdinfo@gsb.columbia.edu
(212) 854-2836
(212) 932-2359 (fax)
Executive Education Programs
www.gsb.columbia.edu/execed
execed@columbia.edu
(212) 854-3395
(212) 316-1473 (fax)
Executive MBA Programs
www.gsb.columbia.edu/emba
emba@columbia.edu
(212) 854-2211
(212) 854-8998 (fax)
Office of MBA Student Life
www.gsb.columbia.edu/students/life/
osl@bettyblue.gsb.columbia.edu
(212) 854-5563
(212) 854-2384 (fax)
Office of Student Academic Affairs
www.gsb.columbia.edu/students/
affairs
studentaffairs@gsb.columbia.edu
(212) 854-4191
(212) 678-0171 (fax)
Dual degrees ■ Architecture
MBA and MS in Urban Planning
■ Dental and Oral Surgery
MBA and DDS
■ Engineering and Applied Science:
• Earth Resources
• Financial Engineering
• Industrial Engineering
• Operations Research
MBA and MS
■ International and Public Affairs
MBA and MIA
■ Journalism
MBA and MS
■ Law
MBA and JD
■ Nursing
MBA and MS
■ Physicians and Surgeons
MBA and MD
■ Public Health
MBA and MPH
■ Social Work
MBA and MS in Social Work
■ Teachers College
MBA and EdD in Educational
Administration and
Higher Education
40 Columbia Business School
2The Columbia Business School Experience
The School, the city, the community.
The students, the faculty, the access.
The neighborhood, the curriculum, career options.
A snapshot of two years in the life of our MBAs.
The New York Advantage
For study, work, network and play, there
is no other city like it in the world.
The Columbia Global Connection
A U.S. business school with an international
perspective offers a world of options.
Admissions
Applying to Columbia Business School.
3438
30
Produced by: Office of Marketing and Communications, Columbia Business School
Design: Zehno Cross Media Communications
Text: Diana Pinckley, Gail Tyson
Photography: Steve Schneider, Don Hamerman, Jon Roemer, Porter Gifford, Stephane Cojot-Goldberg, John Diabase, Lynn Saville
Office of Admissions
Columbia University
Graduate School of Business
Uris Hall
3022 Broadway, Room 216
New York, NY 10027-6902
Phone: (212) 854 -1961
Fax: (212) 662-6754
Web: www.gsb.columbia.edu/mba
E-mail: apply@gsb.columbia.edu
Apply online via the Columbia
Business School Web site.
top related