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Columbia Business School or universally called CBS has ranked 8th globally among the business schools. This year has been dealing with inconstancy in every sphere, and CBS has also faced some in case of its compensation. CBS has been recognized continuously for its placement and salary offered. But this year was a little different, as compared to the previous year’s compensation count; there is a slight downfall – slump in job offers and compensation.
Though, a ray of hope surfaced when the data of November 30 stated that the base salary was stagnant with only a minor difference of thousands in the overall compensation - $177,970 to $174,313. The inconstancy has been witnessed in stock options which have halved - $50K in 2019 to $25K in 2020.
Tech Jobs saw a Huge Bounce by 43.5%
Consulting was topping the job industry this year too, after 2018, losing to finance in 2019. 34% and 33.2% of CBS’ candidates went into consulting and finance respectively and Wall Street has been forever filled with CBS grads for a long time now. McKinsey, Boston Consulting Group, and Bain have been hiring with the count leading to 45, 30, and 24 respectively.
The talk is not about the consulting industry though; it is about the tech industry which has leaped from 13.8% to 19.8% within a single year’s time. Amazon has hired the most with a ranking of 4 and hiring 22 candidates. This indicates a shift in CBS’s approach to Maths, Science, Tech, and Engineering or STEM program.
“Earning the official STEM designation for MBA and EMBA programs reflects the greater integration of technology and data analytics into the school’s curriculum, which will result in our graduates being even better prepared to solve today’s business challenges,” writes Costis Maglaras, the present dean of Columbia. “Retroactive to May 2019, the designation demonstrates the caliber of knowledge and skills our MBAs have in technology and data science. This designation also affords students from abroad the opportunity to work in the U.S. for up to three years after graduation under an extended Optional Practical Training (OPT) permit, enabling us to draw greater numbers of international students and enhance the already global nature of our programs.
Top 3 Industries of CBS
After a considerable amount of time, finance was outrun by consulting this year. 2019 witnessed finance topping but consulting again topped this year. Tech has magnificently increased by 6%.
Sneak-peek into the Median Salary and Signing Bonus of This Year
This year noticed a slight rise in the median salary and signing bonus from $170, 370 to $170, 513. The consulting grads stated a median salary of $160,000, whereas the terrific number came from finance with a median salary of $375,000. Overall, CBS’ candidates stated satisfaction of 4 out of 5 this year.
CBS’ Industry Choices over the Years
| Industry | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|
| Consulting | 34.0% | 32.6% | 33.6% | 33% | 35% | 35% |
| Financial Services | 33.2% | 34.3% | 32.2% | 34% | 37% | 37% |
| Manufacturing | 4.0% | 6.8% | 6.8% | 6% | 8% | 8% |
| Media/Tech | 19.8% | 13.8% | 15.7% | 16% | 10% | 10% |
| Real Estate | 1.4% | 4.1% | 4.0% | 4% | 4% | 4% |
| Healthcare | 3.8% | 3.9% | 1.8% | 3% | 3% | 2% |
| Retail | NA | <1% | 1.8% | 0% | 1% | 1% |
| Nonprofit/Govt. | 1.7% | 1.4% | 1.6% | 1% | 2% | 2% |
CBS can be hard to get into, candidates preparing to pursue an MBA from there should gear up really well to secure a chance.
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