Columbia Business School
Encyclopedia : C : CO : COL : Columbia Business School
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-->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 a full-time MBA program, an executive MBA program, a PhD program, and various executive education programs.
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. 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.
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 Cal-Berkeley. The acceptance rate in 2006 was 15%, a rate exceeded by only one other MBA program. Columbia's average GMAT score of 709 and total full-time enrollment of 1,196 are third highest among U.S. business schools.
Columbia is one of the most heterogeneous of leading business schools in professional background, international representation and individual demographics.[[Citing sources 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. Columbia is typically 1st or 2nd among peer schools in terms of these percentages.
Ranking
The full-time MBA program has received these rankings:- #8 BusinessWeek biennial rankings, 2004
- #9 Economist Intelligence Unit, 2005
- #2 Financial Times Ranking of Rankings, 2006 [link]
- #3 Financial Times, 2005
- #4 Forbes, 2005
- #5 Princeton Review Selectivity rating, 2005
- #4 USA Today, 2004 [link]
- #7 U.S. News & World Report, 2006
- #8 The Wall Street Journal, 2005
Prominent Alumni
- César Alierta, CEO, Telefónica, 4th largest telecommunications company in the world [link]
- Louis Bacon, Chairman, Moore Capital Management; #19 Hedge Fund Manager in 2005 [link][link]
- Robert Bennett, President and CEO, Liberty Media Corporation [link]
- Wolfgang Bernhard, Chairman, Volkswagen [link][link]
- Erskine Bowles, Former White House Chief of Staff; President of the University of North Carolina - Chapel Hill; Director, Morgan Stanley; Senior Advisor, Carousel Capital
- Warren Buffett, CEO of Berkshire Hathaway; 2nd richest man in the world [link]
- Arthur Burns, Former Federal Reserve Chairman
- Lewis Frankfort, Chairman and CEO, Coach, Inc. [link]
- Mario Gabelli, Chairman, CEO, and Chief Investment Officer, GAMCO Investors, Inc [link]
- James Gorman, President and COO, Individual Investor Group, Morgan Stanley [link]
- Michael Gould, Chairman and CEO, Bloomingdale's [link]
- Alexander Haig, U.S. Secretary of State
- Matthew Hart, President, Hilton Hotels Corporation [link]
- Barbara E. Kahn, Vice Dean, Wharton School
- Robert Kasten , U.S. Senator from Wisconsin 1981 to 1993.[link]
- Henry Kravis, Founder of Kohlberg Kravis Roberts & Co.; Leveraged Buyout (LBO) Pioneer [link]
- Sally Krawcheck, CFO and Head of Strategy, Citigroup Inc.; 7th most powerful woman in the world per Forbes magazine. [link]
- Eugene Lang, Chairman, Eugene M. Lang Foundation [link]
- Frank Lautenberg, U.S. Senator from New Jersey
- Rochelle Lazarus, Chairman and CEO, Ogilvy & Mather Worldwide [link]
- Mark Mays, President and CEO, Clear Channel Communications, Inc.[link]
- Yuzaburo Mogi, Chairman and CEO, Kikkoman Corporation [link]
- Lionel Pincus, Founder and Chairman, Warburg Pincus LLC [link]
- Benjamin Rosen, Chairman, Compaq Computer Corporation [link]
- Paolo Scaroni, CEO, Eni S.p.A., largest industrial company in Italy [link]
- Keith Sherin, CFO, General Electric Company [link]
- Jerry Speyer, CEO, Tishman Speyer Properties [link]
- Robert Stevens, Chairman and CEO, Lockheed Martin Corporation [link]
- Sidney Taurel, Chairman and CEO, Eli Lilly and Company [link]
- William von Mueffling, Founder, Cantillon Capital Management; Columbia Business School Professor; #14 Hedge Fund Manager in 2005 [link][link]
- Eudora Welty, author, famously associated with her fiction set in Mississippi, briefly studied advertising circa 1930 at the Columbia Business School [link]
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 Behaviour electivesResearch Centers
Research Centers at Columbia Business School include:
- Arthur J. Samberg Institute for Teaching Excellence
- 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
External links
- [Columbia Business School]
- ["The Whiz Kids"] - Forbes article about the MBA Class of 1969 regarded as one of the most successful of all time
- [Intel/CBS Case Study] - Case study on Columbia's leading initiatives in IT in academia
- [Blue Screen of Death] Book on new venture failure that uses Columbia Business School as a backdrop
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