Professional Documents
Culture Documents
EMPLOYMENT REPORT
CAREER MANAGEMENT CENTER
“Thanks to our renowned
thought leaders and access to
industry innovators, Columbia
Business School students
gain the skills, knowledge,
and entrepreneurial mindset
to thrive in any business
environment.”
“At the CMC, we’re here
—Glenn Hubbard,
to connect you with the Dean and Russell L. Carson Professor
Columbia community and of Finance and Economics
This year at Columbia Business School, we updated our core STUDENT DIVERSITY BY
curriculum to make entrepreneurial thinking an even more prominent GEOGRAPHIC REGION
part of the Columbia experience. We encourage our students to seek CLASS ENTERING IN 2013
66% 34%
n Northeast 38% n Europe 11%
n West 10% n Asia/Oceania 11%
“Columbia’s different from a lot of n Mid-Atlantic 6% n North America 5%
schools that teach entrepreneurship n South 4% n South America 4%
in that we don’t think about it from the n Midwest 4% n Africa/Middle East 3%
—Keith Wilcox
340
students were
Assistant Professor, Marketing Division
members of
the Columbia
Entrepreneurs
Organization.
DIVERSITY IN ALUMNI EMPLOYMENT
BY INDUSTRY IN 2013
6% 5% 5% 5% 5% 9%
6% 5% 5% 5% 5% 9%
west
2 COLUMBIA BUSINESS SCHOOL GSB.COLUMBIA.EDU/RECRUITERS west
mid-atlantic
mid-atlantic
GRADUATE EMPLOYMENT
Our students are poised to make an impact thanks to their efforts during
the 2013 recruiting season. Through on-campus recruiting, savvy
networking, and job postings on COIN, our proprietary job board, Columbia
MBA graduates found full-time positions in a wide variety of industries and
functions across 30 countries. As always, our active alumni network—
more than 40,000 strong—played a central role.
28 680–760
Average Age GMAT Range
at Entry (middle 80%)
5
Average Years of
22–39
Age Range
92%
Work Experience of students
reported their job
38% 35% satisfaction as a 4
Non-US Citizens Women or 5 on a scale of 5.
SOURCE OF OPPORTUNITY
79% SCHOOL-FACILITATED
OPPORTUNITIES
Scheduled Interviews On- and Off-Campus
2013 GRADUATES COMPENSATION SUMMARY* 30%
School-Facilitated Internships
BASE SALARY 23%
Percent Receiving Median Range Job Postings
100 $110,000 $44,000–$310,000
12%
SIGNING BONUS Networking
OFFERS 97%
8%
ACCEPTANCES 90% Graduate-Facilitated Internships
5%
* Data reflects students who reported compensation. Guaranteed compensation
Previous Employer
does not include tuition reimbursement, relocation compensation, carry, or
nonguaranteed performance bonuses. 2%
These figures do not include students returning to a sponsoring employer (86) or Other
starting their own business (18) in adherence to MBA CSEA reporting standards. 6%
Data on these two pages includes information on 86 sponsored students returning to their employers, but excludes
18 students starting their own businesses.
OTHER COMPENSATION*
CONSULTING 29.7
Diversified Financial Services 2.7 80,000 – 112,000 100,000 18,000 – 48,000 37,500 80.0
Investment Banking/Brokerage 18.6 60,000 – 160,000 100,000 20,000 – 135,000 50,000 92.4
Investment Management
Private Equity 3.2 67,000 – 310,000 132,500 10,000 – 300,000 30,000 62.5
Other Investment Management 5.4 80,000 – 225,000 122,500 30,000 – 167,500 47,500 57.7
MANUFACTURING 7.5
Consumer Products 6.1 58,271 – 180,000 100,000 1,500 – 170,000 25,000 90.3
MEDIA/TECHNOLOGY
13.2
(NONHEALTH)
Entertainment
1.4 65,000 – 170,000 90,000 7,800 – 55,000 10,000 60.0
(Film/Music/TV/Sports/Leisure)
Internet Services/E-commerce 6.6 70,000 – 240,000 115,000 7,500 – 118,000 35,000 75.8
OTHER 11.7
Aerospace/Aviation/Defense/
1.8 50,000 – 140,000 120,000 15,000 – 20,000 19,200 57.1
Transportation
Healthcare (including Pharmaceuticals) 1.8 55,000 – 125,000 110,000 11,750 – 65,000 20,000 77.8
Real Estate 3.4 80,000 – 180,000 110,000 2,500 – 100,000 40,000 52.6
In compliance with MBA CSEA reporting standards, student information is collected through four months after graduation each year, and only includes
data for jobs obtained by three months after graduation. This data, however, also includes sponsored students returning to their employers, which does
not adhere to MBA CSEA reporting standards. We have done so to present a more accurate view of where our students go after graduation.
Excluding sponsored students and those starting businesses, per MBA CSEA reporting standards, leads to the following data:
Industry: Consulting 20.7%, Financial Services 43.1%, Manufacturing 9.1%, Media/Tech 14.9%, Other 12.2%
Function: Consulting 26.2%, Finance (Internal) 7.6%, Financial Services 38%, Management 8.0%, Marketing 9.8%, Other 10.4%
OTHER COMPENSATION*
CONSULTING 35.0
Management Consulting 32.0 70,000 – 200,000 135,000 5,000 – 145,000 25,000 84.0
Strategic Planning 3.0 60,000 – 180,000 120,000 18,400 – 50,000 22,500 66.7
Business/Corporate Development 3.2 70,000 – 225,000 100,000 15,000 – 66,500 31,000 40.0
Corporate Finance 3.4 90,000 – 121,000 100,000 5,000 – 170,000 25,000 94.1
Buy-Side/Sell-Side Research 4.7 80,000 – 200,000 122,500 20,000 – 160,000 48,750 75.0
Investment Banking/M&A 15.0 100,000 – 160,000 100,000 35,000 – 135,000 50,000 90.4
Investment Management 5.1 60,000 – 220,000 120,000 15,000 – 200,000 55,000 61.5
Private Client Services/Wealth Management + 100,000 100,000 45,000 – 50,000 45,000 75.0
Private Equity/LBOs/Venture Capital 3.8 67,000 – 310,000 130,000 10,000 – 300,000 30,000 61.1
MANAGEMENT 7.0
General Management 1.7 57,000 – 230,000 105,000 15,500 – 62,000 22,500 66.7
Rotational/Development Program 3.4 95,000 – 140,000 111,000 15,000 – 50,000 30,000 87.5
MARKETING 9.2
Brand-Product Management 6.2 65,000 – 130,000 100,000 1,500 – 80,000 25,000 93.5
Business Development 1.7 90,000 – 240,000 110,000 10,000 – 118,000 39,950 44.4
* Includes sign-on, year-end and other guaranteed compensation besides base salary but does not include tuition reimbursement, relocation compensation,
carry or nonguaranteed performance bonuses.
+ Indicates less than 1%
Our 200 January-entry students do not seek internships, since they take
classes during the summer term. Companies often visit campus
over the summer to meet this group of MBAs. For these students in
particular, and increasingly for all students, school-year internships and
projects provide connections to employers.
37% 38%
745
Women Non-US Citizens
3.5 5
Average Average Years of
Undergraduate Work Experience students entered in
SOURCE OF OPPORTUNITY GPA the class of 2014—
545 in Sept. 2012 and
200 in Jan. 2013.*
84% SCHOOL-FACILITATED
*January entrants complete their MBAs
in four consecutive terms and do not
OPPORTUNITIES participate in summer internships.
On-Campus Interviews
50%
COIN Job Postings
17%
Corporate Events
5%
Networking
5%
Alumni/Faculty/Résumé Referrals
3%
Other
4% “I was inspired by the class Launching Social
Ventures with Ron Gonen ’04. From all of
the great entrepreneurs he brought in, I saw that
16%
STUDENT-FACILITATED
OPPORTUNITIES so many of the new and exciting ventures that
are changing the world have a tech component.
Networking
7% It got me excited about pursuing technology to
Job Postings influence social change. That experience led me to
1% an internship at Google, where I fell in love with the
Previous Employer culture and the breadth of the company’s reach.
1% I’ll be returning there to work full-time, likely in the
Other global education group.”
7%
—Jenny Tolan ’14
6 COLUMBIA BUSINESS SCHOOL GSB.COLUMBIA.EDU/RECRUITERS Google
2013 INTERNS SALARY BY INDUSTRY 2013 INTERNS SALARY BY FUNCTION
Strategic/Management 18.1 4,500 – 12,083 11,250 Management Consulting 23.3 2,000 – 12,083 11,200
Other 1.8 2,000 – 9,000 6,850 Strategic Planning 5.0 1,500 – 11,250 5,000
Other 1.6 3,680 – 8,000 7,200 Operations 1.4 3,300 – 8,000 6,500
Retail 1.8 1,500 – 6,666 5,000 Other 4.1 2,400 – 8,000 7,040
* Salary ranges do not reflect those students who did not receive compensation.
+ Indicates less than 1%
Columbia Business School’s Board of Overseers, composed of distinguished global business leaders from a diverse
range of fields, plays an active role in shaping our unique brand of education and helping to increase the impact the
Columbia community has on business and society.
César Alierta ’70 Giuseppe Ciardi ’81 Paul J. Ferri ’68 Ernest M. Higa ’76
Chairman and CEO Caledon Partners General Partner President and CEO
Telefónica S.A. England Matrix Partners Higa Industries
Spain Massachusetts Japan
Geoffrey Colvin ’78
Louis Moore Bacon ’81 Partner Lawrence Flinn Jr. ’60 Ehud Houminer
Chairman CEW Partners Chairman and CEO Executive in Residence
Moore Capital Management New York Privet Capital LLC Columbia Business School
New York New York New York
Patrick Combes ’78
Robert Marc Bakish ’89 Chairman and CEO Lew Frankfort ’69 Ming Chu Hsu ’92
President and CEO Viel & Cie and Compagnie Financière Chairman and CEO Principal
Viacom International Media Networks Tradition Coach Inc. Alex & Wright Inc.
New York France New York China
Andrew F. Barth ’85 Leon G. Cooperman ’67 Robert Friedman ’80 Glenn Hubbard
Chairman Chairman and CEO CEO Dean and Russell L. Carson Professor
Capital Guardian Trust Company Omega Advisors Inc. Bungalow Media + Entertainment of Finance and Economics
California New York New York Columbia Business School
New York
Wolfgang Bernhard ’88 Ramzi Dalloul ’64 Mario J. Gabelli ’67
Member of the Board of Management Managing Director Chairman and CEO Philippe Jabre ’82
and Head of Daimler Trucks Astra Horizons GAMCO Investors Inc. Founder and Chief Investment Officer
Daimler AG England New York Jabre Capital Partners S.A.
Germany Switzerland
Hanzade V. Dogan Boyner ’99 Gabriele Galateri di Genola ’72
Daniele D. Bodini ’72 Chairman of the Board Chairman Ann F. Kaplan ’77
Chairman Emeritus Dogan Gazetecilik Assicurazioni Generali SpA Partner
ACP Group Turkey Italy Circle Wealth Management
New York New York
Ronald Doornink ’79 Mark T. Gallogly ’86
Anne M. Busquet ’78 Executive Chairman Managing Principal James W. Keyes ’80
Principal Turtle Beach Centerbridge Partners LP Chairman and CEO
AMB Advisors California New York Wild Oats Marketplace
New York Texas
Mark F. Dzialga ’90 Nathan Gantcher ’64
Daniel M. Cain ’72 Managing Director Managing Member Nand Khemka ’56
Founding Partner and Chairman General Atlantic LLC EXOP Capital LLC Chairman
Cain Brothers Connecticut New York SUN Group
New York India
Norman Eig ’65 Philip H. Geier Jr. ’58
Russell L. Carson ’67 ROJ Inc. Chairman Henry R. Kravis ’69
Cofounder and General Partner New York The Geier Group Cofounder, Cochairman, and Co-CEO
Welsh, Carson, Anderson & Stowe New York Kohlberg Kravis Roberts & Co.
Carol B. Einiger ’73 New York
New York
President James P. Gorman ’87
Max C. Chapman Jr. ’69 Post Rock Advisors LLC Chairman and CEO Sallie Krawcheck ’92
Chairman New York Morgan Stanley New York
Gardner Capital Management Corp. New York
R. Bradford Evans ’70 Bill Lambert ’72
New York
Senior Advisor Michael Gould ’68 Founding Partner
Arnold L. Chavkin ’77 Morgan Stanley Chairman and CEO Wasserstein, Perella & Co. Inc.
Managing Director New York Bloomingdale’s New York
Pine Brook Road Partners LLC New York
Robert S. Evans ’68 Eugene M. Lang MS ’40
New York
Chairman of the Board Bernard Gray ’74 Chairman
Jerome A. Chazen ’50 Crane Co. President Eugene M. Lang Foundation
Founder and Chairman Connecticut Gray Ventures New York
Chazen Capital Partners LLC; Georgia
Meyer Feldberg ’65 Rochelle “Shelly” Lazarus ’70
Founder and Chairman Emeritus
Senior Advisor David Greenspan ’00 Chairman Emeritus
Liz Claiborne Inc.
Morgan Stanley; Founder and President Ogilvy & Mather
New York
Dean Emeritus and Professor Slate Path Capital LP New York
Christopher Wai-Chee Cheng ’79 Columbia Business School New York
New York Harrison T. LeFrak ’98
Chairman
Paul B. Guenther ’64 Vice Chairman
Wing Tai Corporation Ltd.
Former President LeFrak Organization
China
PaineWebber Group Inc. New York
New York
Alan J. Patricof ’57 Charles W. Tate ’72 William A. von Mueffling ’95
Managing Director Chairman and Founder President and Chief Investment
Greycroft LLC Capital Royalty LP Officer
New York Texas Cantillon Capital Management
New York
Columbia Business School students accepted positions with a broad range of companies in 2013. Organizations that
hired more than one student from a class year are bolded. Organizations that hired for both full-time and summer
positions are in italics.
Morgan Stanley 8
Samsung Corporation 8
Barclays 7
Evercore Partners 7
A.T. Kearney 6
PIMCO (Pacific Investment Management Co.) 5
Unilever 5
PepsiCo 4
Toys “R” Us 4
Latam Airlines 3
L’Oreal USA 3
Microsoft 3
Moelis & Co. 3
Sanford C. Bernstein 3
UBS 3
*Includes sponsored students
DIVERSE INTERESTS
Behind our Employment Report numbers are the unique stories of our students. They come
to us from nearly 90 countries with an interest in advancing their careers in a wide array of
fields. After graduation, they pursue opportunities in everything from digital media to retail to
real estate. They’re focused not just on the bottom line but on the world at large, working in
microfinance, green technology, and international development in emerging markets.
Even in more traditional areas like consulting and investment banking, our MBAs find ways to
differentiate themselves, focusing on industries such as energy, healthcare, and media. The
diversity of our graduates’ interests is one of the key elements that make our network of over
40,000 alumni worldwide so powerful.
To access the
Recruiters’ Guide, post jobs,
or have your questions answered:
VISIT
CONCEPT/DESIGN: SUKA, NY / SUKACREATIVE.COM
E-MAIL
careermanagementcenter@gsb.columbia.edu
CALL
212-854-5471
Career Management Center
Post positions: gsb.columbia.edu/jobpost | Recruiters’ website: gsb.columbia.edu/recruiters
careermanagementcenter@gsb.columbia.edu | 212-854-5471