Columbia Business School facts for kids
 |
|
| Type | Private business school |
|---|---|
| Established | 1916 |
|
Parent institution
|
Columbia University |
| Accreditation | AACSB International |
| Endowment | $869 million (2022) |
| Dean | Costis Maglaras |
|
Academic staff
|
136 |
| Postgraduates | 1,433 |
| 100 | |
| Location |
,
,
United States
|
| Campus | Urban |
.png){kind=small} |
|
Columbia Business School (often called CBS) is a special school at Columbia University in New York City. It's a place where students learn all about how to run businesses. It's one of the oldest and most famous business schools in the world, started way back in 1916.
Contents
A Look Back: The History of CBS
Columbia Business School opened its doors in 1916. It started with just 11 teachers and 61 students, including 8 women. Some important people, like banking executive Emerson McMillin and bank president A. Barton Hepburn, helped fund the school in its early years.
The school grew quickly! By 1920, it had 420 students. In 1924, it added a PhD program, which is the highest degree you can get. In 1945, CBS started offering the MBA degree. An MBA stands for Master of Business Administration, and it's a very popular degree for people who want to lead businesses.
In the 1950s, the school chose the Greek god Hermes as its symbol. Hermes is known for business and communication, which fits perfectly with what the school teaches.
Today, CBS offers many programs. These include the MBA and PhD degrees, as well as special programs for people who are already working.
The Campus: Where Students Learn
For many years, starting in 1961, Columbia Business School was mainly in a building called Uris Hall. This building was in the middle of Columbia University's main campus.
In 2010, something big happened! A former student named Henry Kravis, who is a very successful businessman, gave $100 million to the school. This was the biggest gift the school had ever received. It helped build a brand new campus for the business school in a different part of New York City called Manhattanville.
Later, in 2012, Ronald Perelman also gave $100 million for the new buildings. And in 2021, David Geffen pledged $75 million more. The new buildings are called Henry R. Kravis Hall and David Geffen Hall. They were designed by a famous architecture firm. Columbia Business School officially moved to its new Manhattanville campus in January 2022.
This new campus cost $600 million, making it one of the most expensive business schools ever built!
-
Kravis Hall at the Manhattanville Campus
-
David Geffen Hall at the Manhattanville Campus
-
Uris Hall, the old campus building in Morningside Heights
.jpg)
.jpg)
.jpg)
The MBA Program: Learning to Lead
The MBA program at Columbia Business School is very popular and hard to get into. For example, for the class that started in 2021, only about 13.6% of applicants were accepted. Students in the program come from many different countries and speak over 50 languages.
The first year of the MBA program focuses on core subjects. These include important topics like how companies manage their money (Corporate Finance), how they keep track of their money (Financial Accounting), and how they make decisions (Managerial Economics).
In the second year, students can choose from many different elective classes. These classes let them focus on what they are most interested in, like starting new businesses or understanding how markets work.
Students can start the MBA program in two ways: in the fall or in January. Most students start in the fall. The January group finishes their core classes over the summer. Both groups then join together for their second year, choosing the same classes and using the same career help.
In 2020, the average starting salary and bonus for Columbia MBA graduates was about $171,436. This shows how valuable the degree can be. Many billionaires who made their money in finance got their MBA from Columbia Business School, Harvard Business School, or The Wharton School.
What Students Study: Academic Divisions
The teachers at Columbia Business School are organized into different groups, called academic divisions. Each division focuses on a specific area of business.
- Accounting
- Decision, Risk, and Operations
- Finance
- Management
- Economics
- Marketing
How CBS Ranks
Columbia Business School's MBA program is often ranked very highly. For example, in 2022, The Economist ranked it No. 4 globally. In 2023, the Financial Times ranked it No. 1 worldwide. Other rankings also place it among the top business schools in the United States.
Combining Degrees: Dual-Degree Programs
Students at Columbia Business School can also get two degrees at once. This means they can combine their MBA with another professional degree, like law or engineering. This usually takes less time than getting both degrees separately.
Here are some of the other schools at Columbia University that students can get a dual degree with:
- Architecture, Planning and Preservation
- Dental Medicine
- Engineering and Applied Science
- International and Public Affairs
- Journalism
- Law
- Nursing
- Physicians and Surgeons
- Public Health
- Social Work
Student Life: Fun and Learning
Students at Columbia Business School also have fun outside of classes. One popular group is the Columbia Business School Follies. This club puts on a comedy show each semester where students write, choreograph, and perform funny skits.
Executive MBA Programs: For Working Professionals
Columbia Business School also offers Executive MBA (EMBA) programs. These are designed for people who are already working and want to get an MBA without stopping their careers.
The EMBA Friday/Saturday Program is a 20-month program. Students attend classes on campus at Columbia University on Fridays and Saturdays. The first year covers the same core subjects as the full-time MBA. The second year focuses on executive education, which is learning for leaders. This program is usually for people with about 10 years of work experience.
There's also an EMBA Saturday Program, which is 24 months long. Classes only meet on Saturdays, making it easier for people who can't take time off during the week.
Columbia also partners with other top business schools around the world for EMBA programs. For example, the EMBA-Global Americas & Europe program is with the London Business School. Students in these programs earn an MBA from each school! There's also an EMBA-Global Asia program with the London Business School and the University of Hong Kong.
Other Programs at CBS
Master of Science (MS) Programs
Columbia Business School offers three Master of Science degrees. These are in Accounting and Fundamental Analysis, Financial Economics, and Marketing Science. These programs are also very competitive. For example, in 2021, only 20 students were accepted into the Financial Economics program out of 837 applicants.
Doctoral Program (PhD)
The school also offers a Doctor of Philosophy (PhD) degree. This is for students who want to do advanced research and become professors or top experts in their field. It's very difficult to get into this program, with only a small percentage of applicants being accepted each year.
Executive Education: Short Courses for Professionals
Columbia Business School Executive Education offers shorter programs that don't lead to a degree. These are for individuals and organizations who want to learn about specific business topics like leadership, finance, or marketing. They also offer special certificates.
Certificate in Business Excellence (CIBE)
The Certificate in Business Excellence (CIBE) is given to students who complete 18 days of executive education programs within four years. It's a way to show that someone has gained a lot of knowledge in business.
Research Centers and Programs
Columbia Business School has many centers and programs where teachers and students do research. They study different areas of business and how they work. Some of these include:
- Arthur J. Samberg Institute for Teaching Excellence
- The Behavioral Lab
- The Center for Decision Sciences
- Center for Excellence in Accounting and Security Analysis
- Center on Global Brand Leadership
- Center on Japanese Economy and Business
- Columbia Institute for Tele-Information
- Columbia University Center for International Business Education Research
- Competitive Strategy
- Decision Making and Negotiations
- Eugene Lang Center for Entrepreneurship
- Healthcare and Pharmaceutical Management Program
- The Heilbrunn Center for Graham & Dodd Investing
- Jerome A. Chazen Institute of International Business
- The Media Program
- The Paul Milstein Center for Real Estate
- Private Equity Program
- Program for Financial Studies
- Program on Social Intelligence
- Richard Paul Richman Center for Business, Law, and Public Policy
- The Sanford C. Bernstein & Co. Center for Leadership and Ethics
- The Social Enterprise Program
- W. Edwards Deming Center for Quality, Productivity and Competitiveness
People at Columbia Business School
Teachers (Faculty)
Columbia Business School has 136 full-time teachers. These include famous experts like Joseph Stiglitz, who won a Nobel Prize in economics. The current Dean, Costis Maglaras, is also a well-known leader in the field. Other teachers include successful business people and authors.
Famous Graduates (Alumni)
Columbia Business School has over 44,000 living graduates who have gone on to do amazing things. Here are some of the most notable ones:
.jpg)
,_Thomas_Danaher_(Sheets.com),_Sallie_Krawcheck_and_Jon_Ledecky_(UTA_Media_Partners).jpg)
.jpg)
.jpg)
- Anna Rawson, a professional golfer and model
- Beth Ford, CEO of Land O'Lakes
- Bill Keenan, a former professional hockey player and author
- Ethan Brown, founder of Beyond Meat
- Eudora Welty, a famous author who won a Pulitzer Prize
- Fred Hochberg, former chairman of the Export–Import Bank of the United States
- Gen Fukunaga, founder and CEO of Funimation Entertainment
- Gerri Willis, a journalist for Fox Business Network
- James W. Keyes, former CEO of Blockbuster Inc. and 7-Eleven
- Jill Furman, co-producer of the famous musical Hamilton
- Jon Stein, founder and CEO of Betterment
- Jordan Roth, president and owner of Jujamcyn Theaters (a Broadway theater company)
- Kate Wang, a billionaire businesswoman
- Koos Bekker, chairman of Naspers (a global internet group)
- Leonard Lauder, chairman emeritus of Estée Lauder Companies
- Lynn Yamada Davis, a celebrity chef and TikToker
- Mitch Albom, a well-known author and journalist, who wrote Tuesdays with Morrie and The Five People You Meet in Heaven
- Nancy McKinstry, CEO and chairman of Wolters Kluwer (a global information services company)
- Noor Pahlavi, a model and princess to the former throne of Iran
- Rocco B. Commisso, chairman and CEO of Mediacom (a cable company)
- Robert Bakish, President and CEO of Viacom
- Robert J. Stevens, former chairman and CEO of Lockheed Martin (an aerospace company)
- Stephanie Korey, founder and CEO of Away (luggage)
- Tos Chirathivat, CEO of Central Group (a large retail company)
- Tracey Chang, a TV anchor and former Miss New York USA
- Vincent Sardi Jr., owner of Sardi's Restaurant in New York City
- Washington SyCip, founder of the Asian Institute of Management
See also
In Spanish: Columbia Business School para niños
