Focus on Finance at Columbia Business School

Columbia A quick glance at  Columbia Business School: Columbia currently ranks in eighth place as one of the best business schools, according to US News World Report (March 2012). It was ranked #4 for finance.  Ã‚   Columbias Class of 2013 and Finance 6669 people applied to Columbia Business School; 1062 applicants were accepted (16% acceptance rate). The middle 80% of accepted students had GMAT scores in the 680-760 range. The Columbia Business School class of 2013 has an average of four years of work experience and a median GMAT score of 720. 29% of class of 2013 students have undergraduate degrees in business. The greatest number of students entered CBS with industry experience in financial services (28%). 7% had prior experience in private equity. CBS Academics Related to Finance Economics Students are required to take two full core courses and 12 half-term core courses, three of which are chosen from the flex-core menu. First Term Core Courses 2 Full courses: Corporate Finance and Financial Accounting 6 Half-term courses: Managerial Statistics, Managerial Economics, Strategy Formulation, Marketing Strategy, Operations Management, Leadership Development Second Term Core Courses 2 Electives 3 Half-term courses: Global Economic Environment, Decision Models, Managing Marketing Programs 3 Flex-core classes, one from each category (see below) â€Å"Flex-Core† Menu Organization: Organizational Change, Power and Influence, Social Networks and Social Capita Performance: Operations Strategy, Financial Planning and Analysis Markets: Game Theory and Business, Global Economic Environment II: Business Cycles and Financial Markets, Incentives and Performance With more than half of Columbia Business Schools MBAs securing jobs in finance-related jobs, its no surprise that the Finance and Economics Division is CBSs largest division. Students who wish to pursue careers in this industry would take their first year electives and second year courses from the courses listed below. Courses Focused on Finance B6301-001 Corporate Finance 3.0 credit hours B6302-001 Capital Markets Investments 3.0 credit hours B8301-002 Advanced Corporate Finance 3.0 credit hours B8308-001 Debt Markets 3.0 credit hours B8309-002 Derivatives 3.0 credit hours B8313-001 Security Analysis 3.0 credit hours B8314-001 Real Estate Finance 3.0 credit hours B8323-001 Asset Management 3.0 credit hours B8345-001 Entrepreneurial Finance Private Equity 3.0 credit hours B8358-001 Banking Fundamentals: Value and Risk 3.0 credit hours B8399-004 Emerging Financial Markets 3.0 credit hours B8399-005 Real Estate Capital Markets 3.0 credit hours B8399-030 Social Impact Real Estate Investing Development 3.0 credit hours B8399-032 Financial Crises and Regulatory Responses 3.0 credit hours B9301-001 Finance Sustainability 3.0 credit hours B9301-043 Mergers Acquisitions 3.0 credit hours B9301-057 VC/Angel Deals: gut-driven tech investing 3.0 credit hours B9301-063 Investment Banking Tax Factors 3.0 credit hours B9301-066 Value Special Situation Investment 3.0 credit hours B9301-077 Applied Value Investing 3.0 credit hours B9301-111 Private Equity: the asset class, its investments its markets 3.0 credit hours B9301-116 Hedge Funds 3.0 credit hours B9301-128 Mental Models, Investment Frameworks 3.0 credit hours B9301-172 Institutional Investing and Endowment Management 1.5 credit hours B9301-174 Misunderstood Securities: Investing in Uncertainty and Change 3.0 credit hours B9377-003 Mergers Acquisitions in Media (Master Class) 3.0 credit hours B8201-003 Economics of Strategic Behavior 3.0 credit hours B8313-001 Security Analysis 3.0 credit hours B9301-173 Valuation 3.0 credit hours The table here shows which courses would be appropriate for specific finance-related careers. And this table shows a similar chart for PE/VC careers. Columbia CaseWorks Cases that will be of interest to students pursuing careers in the finance sector include: Cash is King: Microsoft’s 2004 Cash Disbursement, with Professor Laurie Hodrick Drop the Debt? Dilemmas Confronting the Design of Development Aid and Debt Relief, with Professor Marc Giannoni Liquidating Harvard, with Professor Andrew Ang The Perfect Storm: Citigroups $7.5 Billion Mandatory Convertible Issue, with Professor Enrique Arzac Valuing Currency Management: TOM vs. U.S. Commerce Bank, with Professor Geert Bekaert Walgreen Company, 1990: The Cash Distribution Decision, with Professor Laurie Hodrick) (See full list here.) Financial Research Centers at Columbia Business School The Center for Excellence in Accounting and Security Analysis The Center for Pricing and Revenue Management The Paul Milstein Center for Real Estate The Heilbrunn Center for Graham Dodd Investing CBS Finance-Related Clubs Financial Education Society   Columbia Investment Management Association Investment Banking Club Private Equity and Venture Capital Club Real Estate Association Columbia Finance Organization Equity Research Club Finance Hiring Stats at Columbia Business School In 2011, 50.3% of CBS graduates accepted full-time job offers in the finance industry.    Industry Percent Base Salary Range Commercial Banking 1 114,500 – 125,000    Diversified Financial Services 2.6 90,000 – 130,000    Hedge Funds/Mutual Funds/Fund of Funds 5.5 95,000 – 300,000    Investment Banking/Brokerage 27.2 90,000 – 150,000    Investment Management 6.7 85,000 – 225,000    Private Equity/Venture Capital 5.7 90,000 – 180,000    Research and Ratings 1 85,000 – 120,000    Other (including Insurance/Microfinance/ Public Finance/Treasury) 1.4 80,000 – 110,000    For internships for the class of 2012, 54% of students landed interns in the financial services. The monthly salary range by industry: Industry Percent Base Salary Range Diversified Financial Services 2.4 2,000 – 7,200 Hedge Funds/Fund of Funds/Mutual Funds 7.1 2,500 – 13,000 Investment Banking/Brokerage 28.8 1,923-12,000 Investment Management 5.5 3,000-9,616 Private Equity 5.7 2,000-18,000 Venture Capital 2.7 1,000-10,400 Other (including Commercial Banking/Insurance/Ratings) 1.8 5,120-10,000    Top hirers include: Goldman, Sachs Co. –18 graduates Citi – 16 graduates Deutsche Bank AG – 13 graduates Credit Suisse – 12 graduates American Express Company – 11 graduates Barclays – 11 graduates Bank of America/Merrill Lynch – 10 graduates JPMorgan Chase Co. – 9 graduates Morgan Stanley – 8 graduates UBS AG – 8 graduates Nomura – 6 graduates Jeffries Company, Inc. – 4graduates Standard Chartered Bank – 4 graduates Fidelity, Lazard, PIMCO – 3 graduates each    Are you applying to Columbia Business School? 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