Wikipedia:

Columbia Business School

Columbia University Graduate School of Business
Columbia Business School
Established 1916
School type Private
Dean R. Glenn Hubbard
Location New York, New York, USA
Enrollment 1,196 MBA students
Homepage www.gsb.columbia.edu

Columbia Business School (part of Columbia University), officially named the Columbia University Graduate School of Business, and also known as CBS, 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.

Alonzo Barton Hepburn, then president of Chase Manhattan Bank, founded the Columbia University Graduate School of Business 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.

In 1945, Columbia Business School authorized the awarding of the Master of Business Administration degree (MBA). Shortly thereafter, 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.

In 1952, the School admitted its last class of undergraduates. The school currently offers executive education programs that culminate in a Certificate in Business Excellence and full alumni status, and several degree programs for the MBA and PhD degrees. In addition to the full-time MBA, the school offers three Executive MBA programs: the NY-EMBA Friday/Saturday program, the EMBA-Global program (launched in 2001 in conjunction with the London Business School), and the Berkeley-Columbia Executive MBA program (launched in 2002 in conjunction with the Haas School of Business at University of California, Berkeley). Students in the latter two programs earn two MBA degrees, one 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 has been actively engaged in national and international economic policy issues.

Columbia Business School is known for its close ties to Wall Street and the seminal work completed in the field of finance by professors Benjamin Graham and David Dodd. As part of its MBA curriculum, Columbia Business School offers the Value Investing Program at the prestigious Heilbrunn Center for Graham & Dodd Investing, for a handful of selected business school students[citation needed]. The program includes Applied Value Investing and Special Situations Investing. Adjunct professors include hedge fund managers, such as Joel Greenblatt, Paul Sonkin and William Von Mueffling[citation needed]. The program also features an extensive list of guest speakers which include Seth Klarman, Michael Price, Bill Nygren, Charles Brandes and Chris Browne. Notable graduates of the value investing program include Warren Buffett, Mario Gabelli, Leon Cooperman, Chuck Royce, Paul Sonkin and William von Mueffling. The school has an international emphasis, and many alumni have achieved distinction in the public as well as the private sector. Columbia Business School is affiliated with 12 winners of the Nobel Prize in Economics including current professor Joseph Stiglitz[citation needed].

The most represented undergraduate universities in the student body are the University of Pennsylvania, Cornell University, Columbia University, Harvard University, Yale University, Duke University, Princeton University, Georgetown University, Dartmouth College, University of Virginia, Brown University, Stanford University, and UC Berkeley. The acceptance rate in 2006 was 15%[citation needed], a rate of acceptance more selective than all but one other MBA program (according to US News and World Report in its annual ranking statistics)[citation needed]. Columbia's average GMAT score of 709 and total full-time enrollment of 1,196 are third highest among U.S. business schools[citation needed].

Columbia is one of the most heterogeneous of leading U.S. business schools in professional background, international representation and individual demographics.[citation needed] Each fall in recent years, approximately 35 percent of the entering class are women and approximately 20 percent are members of minority groups[citation needed]. Columbia is typically 1st or 2nd among peer schools in terms of these percentages[citation needed].

Facilities

Uris Hall, standing behind Clement Meadmore's 1968 sculpture "The Curl"
Enlarge
Uris Hall, standing behind Clement Meadmore's 1968 sculpture "The Curl"

Today, Columbia Business School is primarily housed in Uris Hall, a 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. In 2006, rumors that the business school would be moved to a new, more spacious facility at Columbia's planned new campus on 125th Street in Manhattanville were confirmed.[1]

Ranking

Columbia has consistently been ranked among the top business schools in the world by BusinessWeek, US News & World Report, the Financial Times, The Wall Street Journal, The Economist, and Forbes. Columbia Business School is one of only two U.S. business schools currently ranked in the top ten of each of these six major publications.

The full-time MBA program has received these rankings recently:

  • #9 U.S. News & World Report, 2008 [2]
  • #2 Financial Times, 2007 [3]
  • #10 BusinessWeek, 2006 [4]
  • #12 Economist Intelligence Unit, 2006 [5]
  • #4 Forbes, 2005 [6]
  • #3 Princeton Review Selectivity rating, 2006 [7]
    • #5 Career Prospects [8]
  • #3 The Wall Street Journal, 2007 [9]
    • #1 for Women [10]
    • #4 for Minorities [11]
    • #3 for Finance [12]
    • #4 for International Business [13]

Prominent alumni

Faculty

The faculty includes Nobel Prize winner Joseph Stiglitz and the current Dean is the former Presidential Council of Economic Advisor's Chairman Glenn Hubbard. Hedge fund guru Joel Greenblatt is currently an adjunct professor. Bruce Greenwald teaches Value Investing and Economics of Strategic Behavior electives.

Research centers

Research Centers at Columbia Business School include:

  • Arthur J. Samberg Institute for Teaching Excellence
  • Center for the Decision Sciences (CDS)
  • Center for Excellence in Accounting and Security Analysis
  • 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
  • The 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
  • The Paul Milstein Center for Real Estate
  • The Sanford C. Bernstein & Co. Center for Leadership and Ethics
  • W. Edwards Deming Center for Quality, Productivity and Competitiveness

See also

CBS Student and Alumni Blogs

External links


Schools of Columbia University
Columbia College • School of General Studies • Fu Foundation School of Engineering and Applied Science • Barnard College (Affiliate) • Graduate School of Architecture, Planning and Preservation • School of the Arts • Graduate School of Arts and Sciences • Graduate School of Business • School of Continuing Education • College of Dental Medicine • School of International and Public Affairs • Graduate School of Journalism • Columbia Law School • School of Nursing • College of Physicians and Surgeons • Mailman School of Public Health • School of Social Work • Jewish Theological Seminary (Affiliate) • Teachers College (Affiliate) • Union Theological Seminary (Affiliate)

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