2015 EMPLOYMENT REPORT CAREER MANAGEMENT CENTER “ For 100 years Columbia Business School has shaped the landscape of the modern business world as a producer of innovative research and ideas—and as a developer of a global network of leaders with extraordinary influence. Our graduates embark on their post-MBA careers with unmatched skills, knowledge, and access to a diverse, engaged entrepreneurial community—truly prepared to make a lasting impact in any field.” —Glenn Hubbard, Dean and Russell L. Carson Professor of Finance and Economics “ The Career Management Center at Columbia Business School is your partner in recruiting talent best equipped to successfully lead your organization in a complex, globally competitive world.” —Regina Resnick, Associate Dean and Managing Director, Career Management Center Visit the Career Management Center at gsb.columbia.edu/recruiters. Post positions online at gsb.columbia.edu/jobpost. C COLUMBIA BUSINESS SCHOOL GSB.COLUMBIA.EDU/RECRUITERS RECRUITING AT COLUMBIA BUSINESS SCHOOL Celebrating a century as the only Ivy League business school in New York City, Columbia Business School offers students unrivaled access to the pulse of business. Our MBAs interact with countless businesses and leaders inside and outside the classroom, allowing them to apply lessons learned in class directly to real-world challenges. The School’s position at the center of business provides students with unique opportunities for full-time work and summer and school-year internships. As a result, our graduates are adept at navigating change and offering innovative solutions in an increasingly complex world. From pre-recruiting events to customized résumé databases, the Career Management Center will help you find Columbia talent prepared to take your business to the next level. We work with hiring organizations in every industry across the public, private, and nonprofit sectors— internationally and domestically—to develop effective, efficient recruiting strategies. The School also has candidates in our experienced professionals population (alumni and Executive MBA students), as well as highly skilled analyst-level candidates in our Master of Science student population. This report reflects employment outcomes for the full-time MBA population only. For more information, visit us at gsb.columbia.edu/recruiters. COLUMBIA BUSINESS SCHOOL GSB.COLUMBIA.EDU/RECRUITERS 1 ENTREPRENEURIAL MINDSET REGIONAL DIVERSITY Innovative thinking yields entrepreneurial ideas with big Breakdown by geographic region for impact. At Columbia Business School, our core curriculum the class entering in 2015 places entrepreneurial principles at the center of the academic experience, and our students have access to resources to help them turn their business dreams into reality. The School’s Eugene Lang Entrepreneurship Center and initiatives like IE@Columbia, which provides a platform to develop new ideas by leveraging skills and knowledge across the University, encourage our graduates to seek opportunity wherever their careers take them—in organizations large and small, in any sector. US Citizens* Non-US Citizens AT THE CENTER OF STARTUPS 62% 38% Columbia Business School has supported the growth of n Northeast 33% n Asia/Oceania 15% alumni-led startups across a myriad of industries. n West 8% n Europe 8% n South 7% n North America 6% Established Companies Up-and-coming n Midwest 5% n South America 6% Betterment Away n Outside the US 5% n Africa/Middle East 3% Happy Family BlocPower n Mid-Atlantic 4% Hopscotch EpiBone * Includes permanent Olapic Lola US residents. ShopKeep Sailo ZocDoc Wandering Bear ALUMNI EMPLOYMENT Employment by industry as of 2015 “Innovation comes from meeting new people, learning new things, and sharing new ideas. Being entrepreneurial is not just about starting a business; it’s also about growing a business, and it’s required in today’s organizations. We’re giving our students the ability to think innovatively about their careers n Finance: 15% n Nonprofit2 7% and businesses—a valuable skill set in 28 Investment n Manufacturing 5% Management any position or industry.” n Real Estate 5% students in the class n Finance: Banking 14% n Retail 5% n Finance: Other 14% — Vince Ponzo ’03 of 2015 who reported n Healthcare 2% n Consulting 9% Director, Eugene Lang that they are starting n Other1 9% Entrepreneurship Center their own businesses n Technology 8% n Media 7% ¹ Includes entrepreneurship, hospitality management, human resources, and law. ² Includes education and government. 2 COLUMBIA BUSINESS SCHOOL GSB.COLUMBIA.EDU/RECRUITERS GRADUATE EMPLOYMENT From technology to finance, real estate to social enterprise, our students are making an impact across sectors and industries. In the 2015 recruiting season, through on-campus recruiting, skillful networking, and job postings on COIN, our proprietary job board, Columbia MBA graduates found full- time positions in a wide variety of businesses and functions across 30 countries. As always, our active network of more than 43,000 alumni played a central role. CLASS OF 2015 AT A GLANCE 748 33% 28 Total Students Minorities of Average Age in the Class US Origin at Entry 3.5 5 680–760 Average Average Years of GMAT Range Undergraduate Work Experience (middle 80%) GPA 23–40 39% 37% Age Range Non-US Citizens Women 95% students who reported their job SOURCE OF OPPORTUNITY satisfaction as a 4 or 5 on a scale of 5 70% SCHOOL-FACILITATED 2015 GRADUATES OPPORTUNITIES COMPENSATION SUMMARY* Scheduled Interviews On- and Off-Campus BASE SALARY 28% Percent Receiving Median Range School-Facilitated Internships 100 $125,000 $55,900– $320,000 19% SIGNING BONUS COIN Job Postings 9% Percent Receiving Median Range 62.4 $25,000 $5,000– $75,000 Networking 7% OTHER GUARANTEED COMPENSATION Other Percent Receiving Median Range 7% 19.8 $25,000 $2,000– $467,000 CLASS OF 2015 JOB OFFERS AND ACCEPTANCES 30% GRADUATE-FACILITATED Three months after graduation (August 20) OPPORTUNITIES OFFERS 97% Networking ACCEPTANCES 93% 14% Graduate-Facilitated Internships 5% Previous Employer 2% * Data reflects students who reported compensation. Guaranteed Other compensation does not include tuition reimbursement, relocation 9% compensation, carry, or nonguaranteed performance bonuses. These figures do not include students returning to a sponsoring employer (69) or starting their own business (28) in adherence to the MBA Career Services & Employer Alliance’s (MBA CSEA) reporting standards. COLUMBIA BUSINESS SCHOOL GSB.COLUMBIA.EDU/RECRUITERS 3 2015 GRADUATES COMPENSATION BY INDUSTRY Data on these two pages includes information on 69 sponsored students returning to their employers but excludes 28 students starting their own businesses. See footnote for employment information excluding sponsored students. Unless otherwise indicated, all figures are in US dollars. OTHER COMPENSATION* INDUSTRY % BASE SALARY RANGE MEDIAN RANGE MEDIAN % CONSULTING 35.0 Strategic/Management 32.2 70,000 – 224,500 140,000 5,000 – 61,160 25,000 83.2 Other 2.8 105,000 – 150,000 125,000 3,000 – 67,000 25,000 85.7 FINANCIAL SERVICES 37.1 Commercial Banking + 78,000 – 125,000 125,000 22,000 22,000 33.3 Diversified Financial Services 1.2 98,004 – 112,500 100,000 30,000 – 40,000 37,500 60.0 Investment Banking/Brokerage 16.3 100,000 – 150,000 125,000 7,000 – 90,000 50,000 78.6 Investment Management Fund of Funds/Hedge Funds/Mutual Funds 6.0 90,000 – 250,000 150,000 25,000 – 200,000 90,000 32.1 Private Equity 4.1 100,000 – 230,000 140,000 2,000 – 467,000 70,000 85.0 Venture Capital 1.2 60,000 – 170,000 130,250 5,000 – 50,000 22,000 66.7 Other Investment Management 6.4 90,000 – 250,000 125,000 15,000 – 80,000 37,500 72.0 Other 1.2 70,000 – 135,000 100,000 14,000 – 65,000 30,000 83.3 MANUFACTURING 7.8 Consumer Products 6.0 75,000 – 320,000 105,000 9,231 – 190,000 27,500 92.6 Other 1.8 100,000 – 220,000 125,000 15,000 – 30,000 25,000 57.1 MEDIA/TECHNOLOGY (NONHEALTH) 9.8 Entertainment 2.0 65,000 – 131,000 105,500 5,000 – 25,000 20,000 30.0 (Film/Music/TV/Sports/Leisure) Internet Services/E-Commerce 4.8 75,000 – 130,000 111,391 5,000 – 63,000 25,000 56.4 Software/Telecom 2.1 70,000 – 120,000 114,000 5,000 – 45,000 35,000 60.0 Other + 90,000 – 130,000 115,000 5,000 – 30,000 15,000 75.0 OTHER INDUSTRIES 10.3 Education/Government/Nonprofit 1.8 68,000 – 120,000 87,500 2,720 – 10,000 5,000 50.0 Healthcare (including Pharmaceuticals) 1.8 55,900 – 200,000 117,500 20,000 20,000 37.5 Real Estate 3.7 60,000 – 200,000 125,000 20,000 – 95,000 35,938 53.3 Retail 1.2 70,000 – 140,000 90,250 5,000 – 23,000 14,000 33.3 Other 1.8 90,000 – 160,000 112,500 5,000 – 15,000 11,500 66.7 * Includes sign-on, year-end, and other guaranteed compensation besides base salary but does not include tuition reimbursement, relocation compensation, carry, or non-guaranteed performance bonuses. + Indicates less than 1%. 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. The above 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 the employment composition for our 2015 graduates. Data on these two pages includes information on 69 sponsored students returning to their employers but excludes 28 students starting their own businesses. See footnote below for employment information excluding sponsored students. ¹ Excluding sponsored