Columbia Business School (CBS) MBA Program

Columbia Business School (CBS) is Columbia University’s business school which is located in New York City. Established in 1916, Columbia Business School is one of the oldest business schools in the world. It is one of the six Ivy League business schools and it offers only graduate degrees and professional programs.

The school’s faculty is divided into six academic units: accounting, decision, risk, and operations, economics, finance, management, and marketing.

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According to US News and World Report, CBS ranks among the top ten business schools in the world. The b-school offers seven master’s programs, apart from several career-oriented research courses. The fee for the MBA at Columbia Business School fee is $77,376. The school’s acceptance rate is about 18.5%. To gain admission to CBS, students need to have a GPA of 90% in their qualifying exams and a minimum score of 700 on the GMAT.

The NY-based b-school is renowned for its graduate employability rate of 94% three months after graduation. After graduating, students get job offers with an average yearly salary of $150,000. Foreign students get job offers from various means like campus interviews, corporate events, COIN (CBS’s job posts), and other events.

Programs Provided by the Columbia Business School

The school offers various courses for foreign students at undergraduate, graduate, and doctoral levels. Students can also opt for an MBA, executive MBA, or MSc.

Top Programs at the Columbia Business School

Top Programs	Total Fee per Year
Master of Business Administration [M.B.A], Finance	$77,547
Master of Science [M.Sc], Financial Economics	$64,165
Master of Science [M.Sc], Accounting and Fundamental Analysis	$49,680
Executive Master of Business Administration [E.M.B.A]	$110,082
Master of Business Administration [M.B.A]	$77,528
Master of Science [M.Sc], Business Analytics	$81,976
Master of Science [M.S], Marketing Science	$67,764

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• The 20-month program of MBA at CBS should be completed in four terms or two academic years. Students who opt for the August Entry program will be able to tap the in-semester summer internship openings.
• The full-time MBA program of January Entry at CBS is completed in 16 months with four successive semesters.
• Executive MBA programs of CBS are offered for individuals who want to continue working while studying. The program is available in various places- EMBA-New York Friday/Saturday, EMBA-Global (partnerships with LBS and HKU), EMBA-Americas (modular week-long blocks), and EMBA-New York Saturday.

Rankings of Columbia Business School

As per QS World University Ranking, 2022, Columbia Business School ranked #2 in Masters in Marketing, Financial Times, 2022 ranked it #2 in Global MBA and also #34 in North America for EMBA.

The Campus of Columbia Business School

Uris Hall, in the heart of Columbia University’s Morningside Heights campus, houses the campus of Columbia Business School. The building is home to schools for graduates, housing and community spaces, and research centers.

• The campus of CBS is accessible by train, car, or bus.
• CBS hosts more than 100 student clubs and societies, such as The Green Business Club, the Columbia Entrepreneurs Organization, Follies, Columbia Women in Business, and more.

Plans are afoot to relocate Columbia Business School’s campus to the Henry R. Kravis Building and the East Building soon. The new campus is said to be eco-friendly and would be the first neighborhood development in the city of New York City to obtain from the Green Building Council of the US the LEED-ND Platinum designation.

Accommodations at the Columbia Business School

Columbia Residential offers accommodation to students who qualify for particular academic programs:

• It has more than 150 apartment buildings, with most of them being located in the Morningside Heights, Manhattanville neighborhoods, and Manhattan Valley.
• While the studio Share or One-Bedroom Share costs $1,100, the Two and Three Bedroom Share costs range from $1,000 to $1,200.

Other than this, students can also find off-campus housing options.

Admissions at the Columbia Business School

Columbia Business School, every year, admits candidates who belong to a multitude of settings, be they regional, cultural, or professional. While choosing candidates, CBS takes into consideration educational excellence, solid managerial qualities, and team players. Candidates who apply for admission must have got a GPA of 3.6, equivalent to 80% to 89%, a score in GMAT ranging from 580 to 780, and work experience of five years on average.

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Application Process of Columbia Business School

Application Portal: Apply online through the official portal.

Application Fee:

• $250 for MBA
• $100 for MSc programs

Admission Criteria

• Educational transcripts
• Statement of marks
• A Letter of recommendation (LOR)
• Essays or write-ups
• Proof of Proficiency in English for non-native English students

• • TOEFL iBT – A minimum of 107
  • IELTS – A minimum of 7.5
  • PTE – A minimum of 75
• Financial statements of international students
• Résumé, including Work Experience
• Scores of tests such as ACT/ SAT/ /GRE/ GMAT as required.

Acceptance Rate at the Columbia Business School

The acceptance rate of CBS is 18.5%, implying the school is quite tough with its selection of candidates. The incoming class of Master in Marketing in 2022 had an acceptance rate of close to 5%. Close to 48% of international students comprise the class. Most MBA students belong to financial and consulting work backgrounds. Some of the related industries from where the students hail are as follows.

Industries	Percentage of Students
Financial Service	31%
Consulting	22%
Marketing	12%
Technology	9%
Real Estate	7%
Healthcare	5%

Cost of Attendance at Columbia Business School

All potential candidates who want to get admitted to CBS need to have an estimate of the attendance cost as it indicates the maximum amount an individual can obtain via any type of financial assistance. The various expenses that students have to bear are as follows:

Expense Type	August Entry Amount (USD)	January Entry Amount (USD)
Tuition	77,380	77,380
Mandatory Fees	3,800	3,125
Health Services & Insurance	5,140	2,890
Books & Supplies	400	325
Room & Board	24,825	22,070
Personal Expenses (Clothing, groceries, etc.)	6,250	5,555
PC Purchase	1,000	–
Total	118,795	111,345

 

Note: Students must also be prepared for other expenses that are not included above. They may include expenses for relocation, the security deposit for an apartment, medical expenses that health insurance does not cover, travel and event costs, conferences, study tours, hiring trips, and others.

Scholarships Provided by Columbia Business School

The CBS offers many types of financial aid through grants, awards, and scholarships for foreign students. Columbia’s scholarships are given are both merit-based and need-based. Apart from that, students can avail of company fellowships and on-campus work openings.

The details of some of the scholarships that MBA students can avail of at Columbia Business School are as follows:

Type of Scholarships	Amount (USD)
Merit-Based Scholarships	A maximum of 19,564
Forte Foundation Scholarship	Variable
Summer Internship Fellowship	Variable
Need-based Fellowship	19,564

CBS urges foreign candidates to seek other scholarship options that the US offers them.

Candidates who want to apply for the CBS Doctoral Program will be inevitably taken into consideration for merit-based fellowships and tuition fee waivers. Tuition fees and school and living expenses are covered by the scholarships.

Alumni Network of Columbia Business School

Columbia Business School has a large network of alumni spread across the globe as the Columbia Alumni association (CAA). The school arranges a reunion annually for its alumni and presents them with select awards. Some of the benefits that the Columbia B-School alumni can avail of are as follows-

• Executive Education
• Career management
• Additional resources

Placements at the Columbia Business School

In 2021, while 94% of students received job offers within three months of graduating, 87% took up the offers. Some of the major sources through which students of CBS got job offers were – on-campus interviews, interviews facilitated by the school, and graduate-enabled interviews.

The base yearly salaries of 2021 graduates according to industries are:

Industry	Medium Base Income Range (USD)
Consulting	163,679
Investment Banking	148,798
Consumer Products	119,036
Entertainment	136,389
IT/Telecom	123,000
E-Commerce	128,949
Fintech	137,830
Government/Non-profit	112,595
Healthcare	126,974
Realty	141,354