Harvard Business School
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts. The school offers a large full-time MBA program, doctoral programs, HBS Online and many executive education programs, it owns Harvard Business Publishing, which publishes business books, leadership articles, online management tools for corporate learning, case studies and the monthly Harvard Business Review. It is home to the Baker Library/Bloomberg Center; the school was established in 1908. Established by the humanities faculty, it received independent status in 1910, became a separate administrative unit in 1913; the first dean was historian Edwin Francis Gay. Yogev explains the original concept: This school of business and public administration was conceived as a school for diplomacy and government service on the model of the French Ecole des Sciences Politiques; the goal was an institution of higher learning that would offer a master of arts degree in the humanities field, with a major in business.
In discussions about the curriculum, the suggestion was made to concentrate on specific business topics such as banking, so on... Professor Lowell said the school would train qualified public administrators whom the government would have no choice but to employ, thereby building a better public administration... Harvard was blazing a new trail by educating young people for a career in business, just as its medical school trained doctors and its law faculty trained lawyers; the business school pioneered the development of the case method of teaching, drawing inspiration from this approach to legal education at Harvard. Cases are descriptions of real events in organizations. Students are positioned as managers and are presented with problems which they need to analyse and provide recommendations on. From the start the school enjoyed a close relationship with the corporate world. Within a few years of its founding many business leaders were its alumni and were hiring other alumni for starting positions in their firms.
At its founding, the school accepted only male students. The Training Course in Personnel Administration, founded at Radcliffe College in 1937, was the beginning of business training for women at Harvard. HBS took over administration of that program from Radcliffe in 1954. In 1959, alumnae of the one-year program were permitted to apply to join the HBS MBA program as second-years. In December 1962, the faculty voted to allow women to enter the MBA program directly; the first women to apply directly to the MBA program matriculated in September 1963. In 2012–2013, HBS administration implemented new programs and practices to improve the experience of female students and recruit more female professors. HBS established nine global research centers and four regional offices and functions through offices in Asia Pacific, United States, South Asia, Middle East and North Africa and Latin America. In 2018, HBS was tied for 1st with Chicago Booth by U. S. News & World ranked 5th in the world by the Financial Times.
HBS students can join more than 80 different clubs and student organizations on campus. The Student Association is the main interface between the MBA student body and the faculty/administration. In addition, HBS student body is represented at the university-level by the Harvard Graduate Council. In 2015, executive education contributed $168 million to HBS's total revenue of $707 million; the Advanced Management Program is a seven-week $82,000 residential course with the stated aim of "transforming proven leaders into global executives". It was first run in 1945, has had 20,000 attendees. There are "no formal educational requirements", on completion, "you will become a lifetime member of the HBS alumni community". In 2016, the BBC noted that attendees "can have an experience that more mimics the MBA degree, with the opportunity to develop closer friendships and full access to university alumni minus the rigorous admissions process." The Owner/President Management Program consists of three three-week $44,000 "units" spread over two years, aimed at "business owners and entrepreneurs".
There are "no formal educational requirements" Notable attendees include model-turned-businesswoman Tyra Banks, criticised for using phrases such as "I went to business school", from which people might infer that she earned a Harvard MBA. HBS Online HBX, is an online learning initiative announced by the Harvard Business School in March 2014 to host online university-level courses. Initial programs are the Credential of Readiness and Disruptive Strategy with Clayton Christensen. Leading with Finance, taught by Mihir A. Desai, was added to the catalog in August 2016. HBS Online created HBX Live, a virtual classroom based at WGBH in Boston; the duration of HBS Standard Online CORe course is 10 to 12 weeks and costs $2,250. The Summer Venture in Management Program is a one-week management training program for rising college seniors designed to increase diversity and opportunity in business education. Participants must be employed in a summer internship and be nominated by and have sponsorship from their organization to attend.
The school's faculty are divided into 10 academic units: Management. In the fall of 2010, Tata related companies and charities donated $50
Stanford Graduate School of Business
The Stanford Graduate School of Business is the graduate business school of Stanford University in Stanford, California. Stanford GSB offers a general management Master of Business Administration degree, the MSx Program and a Ph. D. program, along with joint degrees with other schools at Stanford including Earth Sciences, Engineering and Medicine. The school was founded in 1925 when trustee Herbert Hoover formed a committee of Wallace Alexander, George Rolph, Paul Shoup, Thomas Gregory, Milton Esberg to secure the needed funds for the school's founding. Willard Hotchkiss became first dean of Stanford GSB; the library was formally inaugurated on April 3, 1933. The collection was established with assorted reports; the school moved from Jordan Hall to new quarters in the History Corner of the Main Quad in 1937. Jonathan Levin was appointed as the 10th dean of the school in September 2016; the Knight Management Center is situated within the greater Stanford campus. There are ten buildings at the Knight Management Center: the Gunn Building, Zambrano Hall, North Building, Arbuckle Dining Pavilion, Bass Center, the Faculty Buildings, the Patterson Building, the MBA Class of 1968 Building, the McClelland Building.
The Schwab Residential Center was designed by Mexican architect Ricardo Legorreta. The 158,000 square-foot facility consists of 280 guest rooms. There are three main art installations on campus, including Monument to Change as it Changes, Monument to the Unknown Variables, Ways to Change; the GSB maintains close links with the venture capital and technology firms of nearby Silicon Valley. Stanford GSB has the traditional MBA program and the MSx program: The school has 400 students per year in its full-time two-year MBA program, considered the best in the world. In June 2006, the School announced a dramatic change to its curriculum model, it aims to offer each student a customized experience by offering broader menus of course topics. The graduating class of 2009 was the first class having gone through the new curriculum. Current and past students include Fulbright Scholars, Marshall Scholars, Gardner, Rhodes and Truman fellows. 15% of the class entered the MBA program with other graduate or professional degrees.
Ds. Stanford GSB offers a PhD in Management degree for those looking to pursue a career in academia; the students at the school have traditionally maintained a policy of grade non-disclosure whereby they do not release grades. Some annual academic distinctions do exist. Students graduating in the top ten percent of the class are designated "Arjay Miller Scholars", named after the former dean, Arjay Miller; the top student receives the Henry Ford II award at graduation. At the end of the first year five students are designated Siebel Scholars based on a combination of academics and extracurriculars; the Stanford MSx Program is a full-time, one-year master's degree program for managers in mid-career. Fellows who complete the academic program are awarded the degree of Master of Science in Management; the program's principal objective is to help participants strengthen their capacity for organizational leadership. The ideal MSx candidate is a senior manager who has had or will soon be appointed to his or her first general management position.
The Stanford MSx was called the Stanford Sloan Master's Program, because students in the program are known as Stanford Sloan Fellows. The Stanford MSx is one of the three Sloan Fellows programs, sharing a similar format with the others at the MIT Sloan School of Management and the London Business School; these programs were supported by Alfred P. Sloan, Chairman of General Motors from 1937 to 1956, who envisioned the Sloan Fellowship in his alma mater of MIT in 1931; the degree distinguishes itself from the MBA by acknowledging the life experiences of fellows. Like the MBA program, the MSx program requires a set of core courses along with electives, the MSx program has separate core courses, more tailored for the experience level of fellows. Stanford GSB has a number of relationships with other leading business schools, it offers a number of Executive Education programs jointly with Harvard Business School. It offers one of the three Sloan Fellows programs, coordinating with the others at the MIT Sloan School of Management and the London Business School.
The school works at the forefront of global business teaching. There are three winners of the Nobel Memorial Prize in Economic Sciences on the faculty, five recipients of the John Bates Clark Award, 19 members of the American Academy of Arts and Sciences, four members of the National Academy of Sciences. William F. Sharpe's research interests focus on macro-investment analysis, equilibrium in capital markets and the provision of income in retirement. Myron Scholes’ research has focused on understanding uncertainty and its effect on asset prices and the value of options, including flexibility options. Michael Spence's research interests focus on the study of economic growth and development, dynamic competition and the economics of information. In 2017, GSB was tied for 4th by U. S. News & World Report No. 1 by Forbes, 1st by the Financial Times, 5th by The Economist, 2nd by Bloomberg Businessweek. In the ranking aggregator Poets & Quants Stanford's MBA Program was ranked 2nd in the US; the Stanford Graduate School of Business is the most selective business school in the United States.
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Wharton School of the University of Pennsylvania
The Wharton School of the University of Pennsylvania is the business school of the University of Pennsylvania, a private Ivy League university in Philadelphia, Pennsylvania. Established in 1881 through a donation from Joseph Wharton, the Wharton School is the world's oldest collegiate school of business. Furthermore, Wharton is the business school that has produced the highest number of billionaires in the US; the Wharton School awards Bachelor of Science in Economics degrees at the undergraduate level and Master of Business Administration degrees at the postgraduate level, both of which require the selection of a major. Wharton offers a doctoral program and houses, or co-sponsors, several diploma programs either alone or in conjunction with the other schools at the university. Wharton's MBA program is ranked No. 1 in the United States according to Forbes and No. 1 in the United States according to the 2020 U. S. News & World Report ranking. Meanwhile, Wharton's MBA for Executives and undergraduate programs are ranked No. 2 and No.
1 in the United States by the same publication. According to US News, MBA graduates of Wharton earn an average $159,815 first year base pay not including bonuses, the highest at leading schools. Wharton's MBA program is tied for the highest in the United States average GMAT score of 732 for its entering class. According to another publication, Wharton produces the 3rd most CEOs of the 100 top companies on the Fortune 500 list, behind Northwestern and Harvard. In general, Wharton has over 95,000 alumni in 153 countries, with notable figures such as Donald Trump, Jeremy Rifkin, Elon Musk, Warren Buffett, Sundar Pichai, Nassim Nicholas Taleb, Aditya Mittal, Steven A. Cohen, Jeff Weiner, Anil Ambani, John Sculley, Walter Annenberg, Leonard Lauder, Laurence Tisch, Michael Moritz, Ruth Porat, Kunal Bahl, William Wrigley Jr. II, its alumni include the CEOs of Google, LinkedIn, The Blackstone Group, CBS, General Electric, Pfizer, Oracle, DHL, UPS, Time, BlackRock, Johnson & Johnson, UBS AG, Wrigley Company, Tesco.
Joseph Wharton, a native Philadelphian, was a leader in industrial metallurgy who built his fortune through the American Nickel Company and Bethlehem Steel Corporation. As Wharton's business grew, he recognized that business knowledge in the United States was only taught through an apprenticeship system, such a system was not viable for creating a wider economy during the Second Industrial Revolution. After two years of planning, Wharton in 1881 founded the Wharton School of Finance and Economy through a $100,000 initial pledge, making it the first business school established in the United States. ESCP Europe, established in 1819, a few other business schools were established in Europe prior to Wharton's founding; the school was meant to train future leaders to conduct corporations and public organizations in a evolving industrial era. Wharton was quoted as saying that the school was meant to "instill a sense of the coming strife: of the immense swings upward or downward that await the competent or the incompetent soldier in this modern strife".
From the founding of the school, he defined that its goal was "to provide for young men special means of training and of correct instruction in the knowledge and in the arts of modern Finance and Economy, both public and private, in order that, being well informed and free from delusions upon these important subjects, they may either serve the community skillfully as well as faithfully in offices of trust, or, remaining in private life, may prudently manage their own affairs and aid in maintaining sound financial morality: in short, to establish means for imparting a liberal education in all matters concerning Finance and Economy". The school was renamed the Wharton School of Finance and Commerce, in 1902, formally changed its name to Wharton School, in 1972. Early on, the Wharton School faculty was connected to an influential group of businessmen and lawyers that made up the larger Philadelphia School of Political Economy; the faculty incorporated social sciences into the Wharton curriculum, as the field of business was still under development.
Albert S. Bolles, a lawyer, served as Wharton's first professor, the school's Industrial Research Unit was established in 1921. Wharton professor Simon Kuznets, who won the Nobel Prize in Economics, created statistical data on national output, prices and capital stock, measured seasonability and secular trends of these phenomena, his work laid out what became the standard procedure for measuring the gross national product and the gross domestic product, he led an international effort to establish the same statistical information for all national economies. Professor Lawrence Klein, who won the Nobel Prize in Economics, developed the first econometric model of the U. S. economy, which combined economic theory with mathematics, providing another way to test theories and predict future economic trends. Wharton professor George W. Taylor is credited with founding the academic field of study known as industrial relations, he served in several capacities in the federal government, most notably as a mediator and arbitrator.
During his career, Taylor settled more than 2,000 strikes. In 1967, he helped draft the New York State civil service law that legalized collective bargaining in the state but that banned strikes by public employees—legislation known today as the Taylor Law. Wharton professor Wroe Alderson is recognized as the most important marketing theorist of the twentieth century and the "father of modern marketing". Wharton professor Paul Green is considered
Institute of Directors
The Institute of Directors is a business organisation for company directors, senior business leaders and entrepreneurs. It is the UK’s longest running organisation for professional leaders, having been founded in 1903 and incorporated by Royal Charter in 1906; the IoD, per its mission statement, stands for "free enterprise, entrepreneurialism, wealth creation and good corporate governance," and represents "the views of businesses and IoD members in the media and with government."The IoD is located in a Grade I-listed building at 116 Pall Mall the United Service Club. Members of the IoD gain access to co-working spaces around the UK, bespoke market intelligence, tailored tax and legal support, exclusive member-only events along with discounts on IoD professional development courses and events. From a high of 55,000 members in 2005, the IoD has just over 30,000 full members. Members of the IoD come from all industries. Around 70% work for small and medium-sized enterprises and are in senior management and boardroom-level positions, while 78% of FTSE 100 companies have an IoD member on their board or in a senior management position.
The IoD was founded in 1903 and incorporated by royal charter in 1906. The royal charter compels the IoD to: Promote for the public benefit high levels of skill, professional competence and integrity on the part of directors Represent the interests of members and the business community to government and in the public arena Encourage and foster a climate favourable to entrepreneurial activity and wealth creation Promote the study and development of corporate governance The IoD represents individual members; every member’s voice carries equal weight within the organisation, members retain their membership of the IoD throughout their career. This allows the IoD free rein to speak out on behalf of the business community and discuss individual companies in public. There are 30,000 IoD members in the UK and overseas, with an additional 2,500 student members. Anybody who has an interest in business, is running a business, sits on a board or runs their own company can join the IoD. In order to help address declining membership the IoD 99 was established in 2015.
This initiative is aimed at members who are under the age of 42, gives a substantial discount on membership fees. Additionally IoD Advance was launched in March 2016, which gives additional benefits in return for a higher annual subscription; the IoD represents its members and makes the case for enterprise, entrepreneurialism and business in the public and to government. Working with various stakeholders, the IoD campaigns on issues of importance to its members and the wider business community to build an environment in the UK which supports businesses and makes is easy to start and run a company; the IoD has experts on tax, law, corporate governance, financial services, education and regulation, campaigns on all of these issues. The IoD’s Information and Advisory Services offer members tailored and bespoke business advice on all aspects of running a business, including unbiased and confidential legal, financial, HR, tax support. Members of the IoD can access the support through online, telephone or face-to-face consultations, are allowed up to 25 different consultations each year.
The IoD is one of the country’s most prestigious training providers, has a range of courses to suit business leaders at every stage of their career. There are role-specific training courses to equip directors with new skills to take on different roles along with the flagship Chartered Director course. Training courses are open to both members and non-members alike, around 5,000 people take part in an IoD course every year; the IoD networks provide executive coaching, mentoring services and online learning zones. The IoD hosts hundreds of networking and social events throughout the year and across the country; the Annual Convention is the flagship IoD event and a fixture of the business calendar and has taken place at the Royal Albert Hall each year. It draws some of politicians and leaders from across the world; the convention has taken place every year since 1950. Nine different prime ministers have addressed the convention on more than eighteen occasions along with pioneers such as Jimmy Wales, co-founder of Wikipedia, Richard Branson, serial entrepreneur, members of the British royal family, including the Prince Philip, Duke of Edinburgh and the Charles, Prince of Wales.
The last Annual Convention took place in September 2016 and included former Greece finance minister Yanis Varoufakis, Lord Norman Lamont of Lerwick, global economist Dambisa Moyo, Nicola Sturgeon. Because of declining ticket and sponsorship revenues the Annual Convention took a year's break in 2017; the event in March 2018 was billed as "IoD Open House", a three-day business festival held at 116 Pall Mall. In 2015, the IoD launched the annual Rhondda Lecture, in honour of Margaret Mackworth, 2nd Viscountess Rhondda, the first female President of the IoD; the lecture celebrates radical thought, bold ideas and activism. Julia Gillard, former Australian prime minister, delivered the inaugural lecture in June 2015 at 116 Pall Mall to an audience of politicians and business leaders. Ruth Davidson, leader of the Scottish Conservative party, gave the 2016 lecture and was interviewed by BBC journalist Laura Kuenssberg at 116 Pall Mall in December. Director is a lifestyle magazine for business leaders.
It is circulated is free to IoD members and available to purchase through subscription. It contains interviews with business leaders and politicians, updates from the
Association to Advance Collegiate Schools of Business
The Association to Advance Collegiate Schools of Business known as AACSB International, is an American professional organization. It was founded in 1916 to provide accreditation to schools of business, it was known as the American Association of Collegiate Schools of Business and as the International Association for Management Education. Not all members of the association are accredited. In 2016 it lost recognition by the Council for Higher Education Accreditation; the American Assembly of Collegiate Schools of Business was founded as an accrediting body in 1916 by a group of seventeen American universities and colleges. The first accreditations took place in 1919. For many years the association accredited only American business schools, but in the latter part of the twentieth century it advocated a more international approach to business education; the first school it accredited outside the United States was the University of Alberta in 1968, the first outside North America was the French business school ESSEC, in 1997.
Robert S. Sullivan, dean of Rady School of Management, became chair of the association in 2013; the association struggled with its Council for Higher Education Accreditation recognition in 2016. At a board meeting on January 26, 2015, the council deferred recognition pending satisfaction of its policy requirements; the association withdrew from CHEA recognition on September 23, 2016, in pursuit of ISO certification in order to pivot towards a more global presence. List of AACSB-accredited schools Regional accreditation Triple accreditation Andrea Everard, Jennifer Edmonds, Kent Pierre; the Longitudinal Effects of the Mission - Driven Focus on the Credibility of the AACSB. Journal of Management Development 32:995–1003 W. Francisco, T. G. Noland, D. Sinclari. AACSB Accreditation: Symbol of Excellence or march toward Mediocrity. Journal of College Teaching & Learning 5:25–30 Harold Hamilton. AACSB Accreditation: Are the Benefits worth the Cost for a Small School? A Case Study. Proceedings of the American Society of Business and Behavioral Sciences Track Section of Management February 17-21, 2000, Las Vegas, Nevada: 205–206 Anthony Lowrie, Hugh Willmott.
Accreditation Sickness in the Consumption of Business Education: The Vacuum in AACSB Standard Setting. Management Learning 40:411–420 N. Orwig, R. Z. Finney. Analysis of the Mission Statements of AACSB – Accredited Schools. Competitiveness Review 17:261–273 E. J Romero. AACSB Accreditation: Addressing Faculty Concerns. Academy of Management Learning and Education 7:245~255 J. A. Yunker. Doing Things the Hard Way – Problems with Mission-Linked AACSB Accreditation Standards and Suggestions for Improvement. Journal of Education for Business 75:348–353
Europe is a continent located in the Northern Hemisphere and in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west and the Mediterranean Sea to the south, it comprises the westernmost part of Eurasia. Since around 1850, Europe is most considered to be separated from Asia by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas and the waterways of the Turkish Straits. Although the term "continent" implies physical geography, the land border is somewhat arbitrary and has been redefined several times since its first conception in classical antiquity; the division of Eurasia into two continents reflects East-West cultural and ethnic differences which vary on a spectrum rather than with a sharp dividing line. The geographic border does not follow political boundaries, with Turkey and Kazakhstan being transcontinental countries. A strict application of the Caucasus Mountains boundary places two comparatively small countries and Georgia, in both continents.
Europe covers 2 % of the Earth's surface. Politically, Europe is divided into about fifty sovereign states of which the Russian Federation is the largest and most populous, spanning 39% of the continent and comprising 15% of its population. Europe had a total population of about 741 million as of 2016; the European climate is affected by warm Atlantic currents that temper winters and summers on much of the continent at latitudes along which the climate in Asia and North America is severe. Further from the sea, seasonal differences are more noticeable than close to the coast. Europe, in particular ancient Greece, was the birthplace of Western civilization; the fall of the Western Roman Empire in 476 AD and the subsequent Migration Period marked the end of ancient history and the beginning of the Middle Ages. Renaissance humanism, exploration and science led to the modern era. Since the Age of Discovery started by Portugal and Spain, Europe played a predominant role in global affairs. Between the 16th and 20th centuries, European powers controlled at various times the Americas all of Africa and Oceania and the majority of Asia.
The Age of Enlightenment, the subsequent French Revolution and the Napoleonic Wars shaped the continent culturally and economically from the end of the 17th century until the first half of the 19th century. The Industrial Revolution, which began in Great Britain at the end of the 18th century, gave rise to radical economic and social change in Western Europe and the wider world. Both world wars took place for the most part in Europe, contributing to a decline in Western European dominance in world affairs by the mid-20th century as the Soviet Union and the United States took prominence. During the Cold War, Europe was divided along the Iron Curtain between NATO in the West and the Warsaw Pact in the East, until the revolutions of 1989 and fall of the Berlin Wall. In 1949 the Council of Europe was founded, following a speech by Sir Winston Churchill, with the idea of unifying Europe to achieve common goals, it includes all European states except for Belarus and Vatican City. Further European integration by some states led to the formation of the European Union, a separate political entity that lies between a confederation and a federation.
The EU originated in Western Europe but has been expanding eastward since the fall of the Soviet Union in 1991. The currency of most countries of the European Union, the euro, is the most used among Europeans. In classical Greek mythology, Europa was a Phoenician princess; the word Europe is derived from her name. The name contains the elements εὐρύς, "wide, broad" and ὤψ "eye, countenance", hence their composite Eurṓpē would mean "wide-gazing" or "broad of aspect". Broad has been an epithet of Earth herself in the reconstructed Proto-Indo-European religion and the poetry devoted to it. There have been attempts to connect Eurṓpē to a Semitic term for "west", this being either Akkadian erebu meaning "to go down, set" or Phoenician'ereb "evening, west", at the origin of Arabic Maghreb and Hebrew ma'arav. Michael A. Barry, professor in Princeton University's Near Eastern Studies Department, finds the mention of the word Ereb on an Assyrian stele with the meaning of "night, sunset", in opposition to Asu " sunrise", i.e. Asia.
The same naming motive according to "cartographic convention" appears in Greek Ἀνατολή. Martin Litchfield West stated that "phonologically, the match between Europa's name and any form of the Semitic word is poor." Next to these hypotheses there is a Proto-Indo-European root *h1regʷos, meaning "darkness", which produced Greek Erebus. Most major world languages use words derived from Europa to refer to the continent. Chinese, for example, uses the word Ōuzhōu. In some Turkic languages the Persian name Frangistan is used casually in referring to much of Europe, besides official names such as Avrupa or Evropa; the prevalent definition of Europe as a geographical term has been in use since the mid-19th century. Europe is taken to be bounded by large bodies of water
Columbia Business School
Columbia Business School is the business school of Columbia University in the City of New York in Manhattan, New York City. Established in 1916, Columbia Business School is one of the oldest business schools in the world, it is one of six Ivy League business schools, has been referred to as among the most selective of top business schools. The school was founded in 1916 with 11 full-time faculty members and an inaugural class of 61 students, including 8 women. Banking executive Emerson McMillin provided initial funding in 1916, while A. Barton Hepburn president of Chase National Bank, provided funding for the School's endowment in 1919; the School expanded enrolling 420 students by 1920, in 1924 added a PhD program to the existing BS and MS degree programs. In 1945, Columbia Business School authorized the awarding of the MBA degree. Shortly thereafter, in the 1950s, the School adopted the Hermes emblem as its symbol, reflecting the entrepreneurial nature of the Greek god Hermes and his association with business and communication.
In 1952, CBS admitted its last class of undergraduates. The school offers executive education programs that culminate in a Certificate in Business Excellence and full alumni status, several degree programs for the MBA and PhD degrees. In addition to the full-time MBA, the school offers four Executive MBA programs: the NY-EMBA Friday/Saturday program, the EMBA-Global program, the EMBA-Americas program launched in 2012, the EMBA-Global Asia program. Students in jointly run programs earn an MBA degree from each of the cooperating institutions. On July 1, 2004, R. Glenn Hubbard became Columbia Business School's eleventh dean. Hubbard, the former chair of President Bush's Council of Economic Advisers, has worked in the private and nonprofit sectors, played a role in shaping national and international economic policy, including the deregulation policy leading up Wall Street bank failures in 2008. In Charles Ferguson's 2010 documentary, Inside Job, when prompted, Hubbard maintains that his political and financial connections to government and Wall Street firms do not create any potential academic conflict of interest.
Hubbard has announced plans to step down as dean in June 2019. Columbia Business School is housed in Uris Hall, at the center of Columbia's Morningside Heights campus. An auxiliary space, Warren Hall, is shared with the law school. In October 2010, Columbia Business School announced that alumnus Henry Kravis, the billionaire co-founder of private-equity firm Kohlberg Kravis Roberts, pledged $100 million to fund expansion of Columbia Business School, the largest gift in its history; the donation will go toward construction of the business school’s new site in the Manhattanville section of New York City, where Columbia University is extending its campus. One of the school’s two new buildings will be named for Kravis; the buildings will be designed by Diller Scofidio + Renfro. In December 2012, Ronald Perelman donated $100 million to the construction of the second business school building; the Columbia MBA Program is competitive with an admission rate of 16% for the 2017 entering class. The student body is accomplished and diverse.
Students in the class that entered in 2009 speak more than 50 languages. The revised core curriculum, launched in the fall of 2008, represents about 40% of the degree requirement, it consists of 2 full courses and 12 half-term courses including Corporate Finance, Financial Accounting, Managerial Statistics, Managerial Economics, Operations Management, Marketing Strategy. While the first year of the program is devoted to completing the requirements of the core curriculum, the second year provides students with the opportunity to choose from the more than 130 elective courses available at the School and supplement them with more than 4,000 graduate-level classes from the University's other graduate and professional schools. Among the most popular electives at Columbia Business School are the Economics of Strategic Behavior, Financial Statement Analysis and Earnings Quality, Launching New Ventures, Modern Political Economy, the Seminar in Value Investing. Columbia Business School has a firm grade non-disclosure policy, stating that students refrain from disclosing specific class grades, GPAs, or transcripts until they accept full-time, post graduation positions.
Students enter Columbia's MBA program in two tracks. The traditional fall term is 550 students, while the January term "J-Term" is 200 students. Students entering in the fall are divided into eight clusters of 65 students that take all first year core classes together. J-Term students are broken into three clusters; the J-Term is aimed at students who want an accelerated 18-month program who plan to return to their previous job, are company sponsored, will not pursue a summer internship because they take classes during the summer. The launched Columbia CaseWorks program utilizes the faculty’s research and industry experience and brings that perspective into the classroom through the development of new cases and teaching materials. Beginning in orientation and continuing through core classes and electives, students are immersed in cases that use faculty research to address real-world business issues. Columbia CaseWorks challenges students to debate corporate decision making and to develop appropriate recommendations and solutions.
During their first year, students study and discuss an integrated case that focuses on a