DEFINITION of 'Columbia Business School'
Columbia Business School is one of the top business schools in America and is located at Columbia University. Also known as the Columbia University Graduate School of Business Administration, Columbia Business School was founded in 1916 in New York, New York by A. Barton Hepburn. The school is highly regarded as one of the best in the world and is well known for its close ties to the Wall Street community.
BREAKING DOWN 'Columbia Business School'
As of 2016, Columbia Business School's average acceptance rate for its MBA program is 18%, while admission to its executive MBA and doctoral programs can be equally as stringent. Areas of focus include accounting, finance, economics, private equity, social enterprise and value investing.
Columbia Business School began in 1916 on the main campus of Columbia University. There were 11 full-time faculty members. The first class included 53 men and eight women. As of 2016, the student body consists of 1,287 students, of which 63.3% are male and 36.7% are female. To develop a sense of community, Columbia Business School divides incoming students into groups of 65 who take all their core MBA classes together. At graduation, over 75% of Columbia students enter full-time employment.
Columbia Business School students take classes in Uris and Warren Halls on Columbia's Manhattan campus. Plans for a state-of-the-art building for the school in Manhattanville began in 2008. In 2015, the school's trustees granted approval for site work for the school's new home. The new building should give students more room and the capacity for using state-of-the-art technology. While students may live in Columbia's dorms, the school does not guarantee them a room there.
Changes in Programs
Columbia Business School also adds courses of study as the need arises. In 2006, it added the Healthcare and Pharmaceutical Management Program. This program offers real-life experience for students planning a career in the health care or pharmaceutical fields. In 2014, the school added a consulting program to its offerings.
Columbia Business School Alumni
Columbia Business School has many notable graduates, including Warren Buffet, Gail McGovern and Harry Kravis. Forbes named Buffet, a 1961 graduate, as number two in the 2014 Forbes 400. McGovern serves as the chief executive officer (CEO) of the American Red Cross. Kravis is a founding partner in Kohlberg Kravis Roberts & Co. L.P., a private equity firm. Many of these alumni continue supporting the school through donations, including funding for its new building.