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. 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. 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.
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%, 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). 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 U.S. business schools in professional background, international representation and individual demographics. 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.

Contents

Facilities

Ranking

Prominent alumni

Faculty

Research centers

See also

CBS Student and Alumni Blogs

External links

Facilities

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]

★ #4 The Wall Street Journal, 2006 [9]

★
★ #1 for Women [10]

★
★ #4 for Minorities [11]

★
★ #3 for Finance [12]

★
★ #4 for International Business [13]

Prominent alumni

★ César Alierta, CEO, Telefónica, 4th largest telecommunications company in the world [14]

★ Louis Bacon, Chairman, Moore Capital Management; #19 Hedge Fund Manager in 2005 [15][16]

★ Robert Bennett, President and CEO, Liberty Media Corporation [17]

★ Wolfgang Bernhard, Chairman, Volkswagen [18][19]

★ 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 [20]

★ Arthur Burns, Former Federal Reserve Chairman

★ Jerome Chazen, Co-founder, Liz Claiborne[21][22]

★ Howard Clark, Vice Chairman, Lehman Brothers Inc.

★ David LeFevre Dodd, namesake for Graham & Dodd value investing.

★ Charles Exley Jr., Retired Chairman and CEO, NCR Corporation

★ Ahmass Fakahany, Vice Chairman, Merrill Lynch & Co.

★ Diana Fortuna, Former Deputy Director of the New York City Office of Management and Budget, President, Citizens Budget Commission

★ Lewis Frankfort, Chairman and CEO, Coach, Inc. [23]

★ Mario Gabelli, Chairman, CEO, and Chief Investment Officer, GAMCO Investors, Inc [24]

★ Richard Karl Goeltz, Former Vice Chairman, American Express

★ James P. Gorman, President and COO, Individual Investor Group, Morgan Stanley [25]

★ Michael Gould, Chairman and CEO, Bloomingdale's [26]

★ Paul Guenther, Chairman, New York Philharmonic

★ Alexander Haig, U.S. Secretary of State

★ N. Robert Hammer, Chairman, President and CEO, CommVault Systems

★ Matthew Hart, President, Hilton Hotels Corporation [27]

★ Barbara E. Kahn, Vice Dean and Director of Undergraduate Division, The Wharton School of the University of Pennsylvania

★ Robert Kasten, U.S. Senator from Wisconsin 1981 to 1993.[28]

★ Arie Kopelman, Co-Chairman, Chanel, Inc.

★ Henry Kravis, Founder of Kohlberg Kravis Roberts & Co.; Leveraged buyout (LBO) Pioneer [29]

★ Sallie Krawcheck, CFO and Head of Strategy, Citigroup Inc.; 7th most powerful woman in the world per Forbes magazine. [30]

★ Bill Lambert, Former Vice Chairman, Wasserstein, Perella & Co.

★ Eugene Lang, Chairman, Eugene M. Lang Foundation [31]

★ Frank Lautenberg, U.S. Senator from New Jersey

★ Rochelle Lazarus, Chairman and CEO, Ogilvy & Mather Worldwide [32]

★ Rebecca Masisak, Co-CEO, CompuMentor [33]

★ Mark Mays, President and CEO, Clear Channel Communications, Inc.[34]

★ Yuzaburo Mogi, Chairman and CEO, Kikkoman Corporation [35]

★ Lionel Pincus, Founder and Chairman, Warburg Pincus LLC [36]

★ Ian Plenderleith, Former Deputy Governor, South African Reserve Bank

★ Benjamin Rosen, Chairman, Compaq Computer Corporation [37]

★ Arthur Samberg, Chairman and CEO, Pequot Capital

★ Paolo Scaroni, CEO, Eni S.p.A., largest industrial company in Italy [38]

★ Keith Sherin, CFO, General Electric Company [39]

★ Jerry Speyer, CEO, Tishman Speyer Properties [40]

★ Robert Stevens, Chairman and CEO, Lockheed Martin Corporation [41]

★ Patrick Stokes, President and CEO, Anheuser-Busch Companies, Inc. [42]

★ Charles Strauss, Retired President and CEO, Unilever United States

★ Sidney Taurel, Chairman and CEO, Eli Lilly and Company [43]

★ Joseph Tucci, President and CEO, EMC Corporation

★ Raymond Viault, Retired Vice Chairman, General Mills, Inc.

★ Joseph Vittoria, Retired Chairman and CEO, Avis, Inc.

★ William von Mueffling, Founder, Cantillon Capital Management; Columbia Business School Professor; #14 Hedge Fund Manager in 2005 [44][45]

★ Peter Woo, Chairman, Hong Kong Trade and Development Council

★ Eudora Welty, author, famously associated with her fiction set in Mississippi, briefly studied advertising circa 1930 at the Columbia Business School [46] [47]

★ John G. Hall, CEO, PRC LLC

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

★ List of business schools in the United States

★ Ivy League business schools

★ Business school

★ MBA

CBS Student and Alumni Blogs

★ Ryan Petersen's blog

★ The Columbia Project

★ AxeChick

★ Wargamers's Blog

External links

★ Columbia Business School

★ 2006 CBS Employment Report

★ 2005 CBS Employment Report

★ "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

★ CBS Follies Videos from the Business School Comedy Troupe, including the famous "Dean Dean Baby" and "Every Breath You Take"

★ Columbia Business School Day (May 1st) announced by Mayor of New York

★ 90 Year Anniversary Website History, Highlights, Memories, and Downloads

★ USNews.com: America's Best Graduate Schools 2007: Top Business Schools

★ CBS International Development Club - Columbia Business School Student club concerned with issues of poverty, social justice and economic development.