Columbia Business School is one of the world's finest management institutes - an Ivy League business school ranked amongst the top ten b-schools in the world. In this MBA employment report on recruitment trends at Columbia Business School, we dive deep into the type of salaries MBA grads draw in their first year post graduation, and explore key recruitment trends and details of most sought-after industries and functions.
Columbia Business School, MBA Employment Report - Key Recruitment Trends Over 5 Years
- The highest median base salary throughout the 5 years lies with ‘Other Financial Services’ in the year 2018. The same year, among the functional domains hiring at CBS, Private Equity roles offered a comparable median base salary.
- Consulting and Financial services remain the two most popular industries, as well as the most popular functional domains at Columbia Business School, making up for over half the hires across all 5 years.
- About a tenth of the class seems to return to their sponsor companies while less than half that number opt to start their own business or return to a family business.
- The Average GMAT score of a class at CBS remains 720, except for the year 2019, where it rose to 725.
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Columbia Business School, MBA Employment Report - Important Employment Statistics For Previous Batches
Columbia Business School, MBA Employment Report - Salaries Columbia Graduates Earn Post-MBA
The median base salary remained at a constant $125,000 for three years before seeing a 4% increase in the year 2018. The subsequent batch saw a significant rise, at 15%.
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The median signing bonus for all years seems to rest at about a fifth of the median base salary. The guaranteed compensation is comparable to the signing bonus, except in the year 2019, where the median guaranteed compensation was 66% more than the median signing bonus.
Columbia Business School, MBA Employment Report - Management Consulting, Investment Banking and Private Equity Top Paying Roles At Columbia Business School
Management Consulting pays the highest median base salary in 2019, which is matched by Investment Banking and Private Equity. It is worthy to note that this ‘highest’ median base salary is the same amount as the median base salary of the entire 2019 batch.
The batch of 2018 saw the highest median base salary across the five years at $160,000 for a Private Equity role. However, only 4% of the class opted for this role. Consulting and Financial Services remain the top preferences for CBS students, making up for more than half the class hires across all 5 years.
Columbia Business School, MBA Employment Report - Function Wise Hiring Trends Over 5 Years
What are the types of roles that CBS graduates generally prefer to go for post-MBA? Which are the most sought-after and least sought-after domains for CBS MBA graduates?
The graph below helps us visualise trends in hiring at CBS for major business and management related domains - Consulting, Finance (Internal), Financial Services, Management, Marketing, and Real Estate. All other functional domains are clubbed under ‘Other’.
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Columbia Business School, MBA Employment Report - Industry Wise Salary Statistics Over 5 Years
The highest paying role remains with the Finance industry, especially in Private Equity and Other Financial Services. Consulting too holds a high position amongst Industries with high median base salaries.
Just like in the domain wise distribution of salaries, even among industries Consulting and Financial Services emerge as the most popular, offering high salary packages.
The lowest median base salaries offered was for the functional domain of ‘Education/Government/Non-Profit’, at $65,000 in the year 2018. That is half the median base salary of the entire batch of 2018.
FinTech appears to pay a median base salary comparable to that of the entire class in 2019. However, no data is available for this industry prior to 2019. Notably, only 1.2% of the 2019 class took up FinTech roles.
Columbia Business School, MBA Employment Report - Industry Wise Hiring Trends Over 5 Years
The graph below helps us visualise the industry wise trends in hiring at CBS. Consulting, Financial Services, Manufacturing and Media/Technology. All other industries including Education, Government, Non-Profit, etc. have been put together under ‘Other’.
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