Columbia Business School is amongst the top 10 global business schools, as per U.S. News and World Report. The b-school offers admission to 7 master’s programs along with various career-centric research courses. MBA in Columbia Business School is one of the most coveted programs. Columbia Business School fee for the MBA program is 77,376 USD (~57.55 lakh INR). Columbia Business School acceptance rate is around 18.5% and exhibits a lightly selective admission policy. To get admission to CBS, students must produce a high GPA of 90% and a GMAT score of 700 or higher. Check: Columbia Business School MBA Class Profiles!
CBS has an outstanding graduate employment rate of 94% after 3 months of graduation. After the b-school, students are getting offered a base salary of 150,000 USD (118.79 lakhs) on average. International students get placements opportunities from various sources like campus interviews, corporate events, COIN job postings and many more.
Source: CBS
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Columbia Business School Programs
The institute offers a plethora of courses for international students at undergraduate, graduate and doctoral levels. Students can choose from an MBA, executive MBA, or Master of Science Program, among many other programs offered by Columbia Business School.
- The 20-month MBA program at Columbia Business school is designed to be completed over four terms or two academic years. Students opting for the August Entry program will be able to take advantage of the in-semester summer internship opportunities.
- The January Entry full-time MBA program at Columbia Business School is held over a duration of 16 months with four consecutive semesters.
- Columbia Business School also offers Executive MBA programs for individuals who wish to continue working while pursuing their MBA. The program is available in several formats - EMBA-New York Friday/Saturday, EMBA-New York Saturday, EMBA-Americas (modular week-long blocks), and EMBA-Global (partnerships with LBS and HKU).
Columbia Business School Ranking
Columbia Business School ranked #8 in Best Business School by U.S. News in 2022. Some other global rankings of CBS include:
- #2 in Masters in Marketing by QS World University Ranking, 2022
- #2 in Global MBA by Financial Times, 2022
- #34 in North America for EMBA by Financial Times, 2022
CBS is often compared with other business schools. Check the below links for a detailed comparison.
Columbia Business School Campus
Columbia Business School campus is in Uris Hall, at the centre of Columbia Univs Morningside Heights campus. The building has schools for graduates, research centres, housing and community spaces.
- The Columbia business school campus can easily be reached by car, train or bus. The students coming from the trains and buses arriving at New York's Grand Central Station, Pennsylvania Station, or Port Authority Bus Terminal, can then take public transportation or a taxi north to campus.
- Columbia Business School has over 100 unique student clubs and societies such as the Columbia Entrepreneurs Organisation, The Green Business Club, Columbia Women in Business, Follies, etc.
However, Columbia Business School is planning to relocate its campus to the Henry R. Kravis Building and the East Building by January 2022. The new campus is environmentally friendly and is also the first neighbourhood development in NYC to earn the prestigious LEED-ND Platinum designation from the US Green Building Council.
Columbia Business School Accommodation
Columbia Residential offers housing facilities to eligible students enrolled in specific academic programs.
- There are more than 150 apartment buildings, with the majority of the units located in the Morningside Heights, Manhattan Valley and Manhattanville neighbourhoods, between 103rd Street and 125th Street.
- The cost of the studio Share or One Bedroom Share is almost USD 1,100 while the cost of Two or Three Bedroom Share ranges from USD 1,000 to USD 1,200.
Apart from these, students can also explore off-campus housing options in the U.S.
Columbia Business School Admissions
Each Year Columbia Business School accepts candidates from a diverse range of cultural, personal and professional backgrounds. While selecting candidates, the school looks for qualities such as academic excellence, strong leadership qualities, and the ability to work in teams. Candidates applying for admission maintain a GPA of 3.6(80 - 89%), a GMAT score between 580 - 780 and an average work experience of 5 years.
Source: CBS
Columbia Business School Application Process
Application Portal: Apply online at the official website.
Application Fee:
- USD 250 (19,508 INR) for MBA
- USD 100 (7,803 INR) for Master of Science programs
Basic Admission Requirements
- Official transcripts
- Grade Score Reports
- One professional Letter of recommendation
- Essays
- Proof of English proficiency for non-native English speakers
- International student financial statement
- Resume and Work Experience
- Scores of Standardised tests such as SAT/ACT/ GMAT/GRE as required.
Columbia Business School Acceptance Rate
CBS acceptance rate is 18.5% and the school is quite stringent with its admission. The entering class of 2022 in Master in Marketing has an acceptance rate of only 5%. Out of 687 applications, only 37 are selected. In 2021, the school received a total of 6,535 applications for CBS MBA program and admitted only 1,215 students. The class comprises 48% international students. Majority of the MBA students are from Financial and Consulting work backgrounds. Some of the background industries of the students are tabulated below.
| Background Industries | Student Percentage |
|---|---|
| Financial Service | 31% |
| Consulting | 22% |
| Marketing | 12% |
| Technology | 9% |
| Real Estate | 7% |
| Healthcare | 5% |
Columbia Business School Cost of Attendance
All prospective candidates hoping to enrol at Columbia business school should have an idea of the cost of attendance as it represents the maximum amount of funding that he or she can receive through any form of financial aid. The same has been given in the table below:
| Type of Expense | Amount (USD) for August Entry | Amount (USD) For January Entry |
|---|---|---|
| Tuition | 77,376 | 77,376 |
| Mandatory Fees | 3,797 | 3,123 |
| Health Services and Insurance | 5,138 | 2,886 |
| Books and Supplies | 398 | 320 |
| Room and Board | 24,822 | 22,064 |
| Personal Expenses(Clothing, Metro Card, etc) | 6,246 | 5,552 |
| Purchase of a PC | 1,000 | - |
| Total | 118,777 | 111,321 |
Note: Students should also prepare for other costs not included in the table above. These include relocation/moving expenses, apartment security deposit, medical expenses not covered by health insurance, conference, travel and event costs, study tours, cluster travels, treks, recruiting trips and other job-related expenses.
Also explore: Health insurance in USA
Columbia Business School Scholarships
The institute offers various kinds of financial support in the form of awards, grants and scholarships for international students to study in the USA. Scholarships at Columbia are based on either Merit or Need of the student. Other than this, there are corporate fellowships and on-campus work opportunities for the students.
Some of the scholarships available for MBA students of Columbia Business School have been compiled below:
| Name of the Scholarship | Amount (INR) |
|---|---|
| Merit-Based Scholarships | Up to 15.61 lakhs |
| Forte Foundation Scholarship | Variable |
| Summer Internship Fellowship | Variable |
| Need-based Fellowship | 15.61 lakhs |
International candidates are strongly encouraged to look for other scholarship options in the US for overseas students. The deadline for Merit Fellowship for January 2022 entry is October 6, 2021, while the date for August 2022 is January 5, 2022.
Aspirants applying for the Columbia Business School Doctoral Program will be automatically considered for merit-based fellowships and tuition. The aid will include tuition and school expenses, including a stipend for living expenses.
Columbia Business School Alumni Network
Columbia Business School has a wide network of alumni spread all over the world. The alumni association is known as Columbia Alumni association (CAA). The school arranges a reunion every year for its alumni and presents them with exclusive awards and benefits. Some of the benefits enjoyed by Columbia B-School alumni include-
- Executive Education
- Career management
- Additional resources
Some of the notable alumni include -
- Robert Agostinelli - Founder of Rhône Group;
- Mitch Albom - American best-selling author;
- Robert Amen - CEO of International Flavors and Fragrances;
- Robert Bakish - President and CEO of Viacom
Columbia Business School Placements
As per employment reports 2021, around 94% of students received job offers within three months of graduation out of which 87% accepted the offers. Some of the main sources through which students of Columbia Business School received employment opportunities were - school-facilitated interviews, on-campus interviews, and graduate-facilitated interviews.
The base salary of 2021 graduates is in the range of 75,000 USD to 300,000 USD. The table below gives the average salary of graduates of 2021 by industry:
| Industry | Median Base Salary Range (INR) |
|---|---|
| Consulting (Strategic/management) | 130.67 lakhs |
| Investment Banking/Brokerage | 118.79 lakhs |
| Consumer Product(beverage/food) | 95.03 lakhs |
| Entertainment ( Film / Music / TV / Sports / Leisure) | 108.89 lakhs |
| Hardware / Software / Telecom | 98.20 lakhs |
| Internet Services / E-Commerce | 102.95 lakhs |
| Fintech | 110.04 lakhs |
| Education / Government / Nonprofit | 89.89 lakhs |
| Healthcare (including Pharmaceuticals) | 101.37 lakhs |
| Real Estate | 112.85 lakhs |
Explore: MBA jobs in U.S.A
The Columbia Business School offers unlimited opportunities to students to work on campus. They can become Teaching Assistants, Tutors or Research Assistants. The Eugene Lang Entrepreneurship Center offers a summer stipend to the students so that they can gain experience by working in different organizations during the summers.
Each MBA student gets 20 lifetime hours of free peer tutoring for core courses and the pre/co-requisite finance elective, Capital Markets and Investments. Tutors get USD 30/hour for a single student session, USD 40/hour for 2-6 students, while USD 50/hr will be offered to 7+ students. The hours are flexible and will be decided between the tutor and the student.
Columbia Business School also has a Career Management Center (CMC) designed for students, graduates, and alumni to help kickstart their careers. The CMC provides students with career development tools, services and useful connections that aid students in developing a professional network. The centre also has a team of experts that offers professional guidance and expertise in navigating the career path. The business school has a separate subscription platform where candidates can sign in to gain access and develop their network and for job-hunting.
FAQs
Ques. Is Columbia Business School good?
Ans. Yes. Columbia Business School is a prestigious business school in USA. This school ranked #8 in global business schools in 2022 by U.S.News. Columbia B. School ranked #2 in global MBA by Financial Times in 2022.
Ques. Is Columbia Business School an Ivy league school?
Ans. Yes. Columbia Business School is recognised as one of the six Ivy League business schools and also as a member of M7 business school. CBS is also one of the oldest B. schools in the world.
Ques. How do I know if I am eligible for Deferred Enrollment Program?
Ans. Candidates who are completing a bachelor’s degree or graduate degree program during the current academic year are eligible to apply for Deferred Enrollment Program. Students enrolled in Ph.D. programs, law school, or medical school are not eligible.
Ques. What is Columbia Business School famous for?
Ans. Columbia Business School is mainly known for its MBA and Executive MBA programs. It is also famous for its academic excellence and placement opportunities.
Ques. How do I get admission to Columbia Business School?
Ans. Along with meeting the required GPA of minimum 3.5 and GMAT/GRE score, students need to submit the following documents to ensure admission into Columbia Business School -
- A Bachelor's degree
- 250 USD Application Fee
- One short answer question and three essays.
- 2-5 LOR
- Proof of English Proficiency
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