Columbia Alums Successful in Business World?

Colleges and Universities A-Z Columbia University
41

<p>Hey, dude, are my posts not sufficiently formal for you. Is my style too informal?</p>

<p>I will be more focused and directed in the future.</p>

<p>In terms of studying logic, sir, I am most grateful for your kind suggestions. However, I find that my comprehension of logic exceeds yours. I took the logical premise, cited it correctly, and applied it completely to the facts as designated.</p>

<p>I believe, sir, you simply made a broad and non-specific suggestion that my logic was flawed. I believe your statement in your posting was as follows:</p>

<p>No Pain No Gain, his name is Columbia2002 and your logic is bad. You're committing the fallacy of composition with your Monster.com argument.</p>

<p>Specifically, sir/madam, you kindly noted my "logic was bad" and I was committing 'the' fallacy of composition with my 'monster' agrument. However, you failed to specifically state how the fallacious reasoning had been drawn. I was left to infer the argument from your rather broad and oversweeping posts. I did the best I could with your vague allegation.</p>

<p>Please forgive my heretofore informal posts. I will attempt to align my grammar in a more suitable style to conform to your reading suggestions.</p>

<p>See you at Columbia, dude. I am certain which ever way I go ED -- I'll get in, consequently, while I am most appreciative of your wishing luck upon me that is a superstition that I do not support. Nor, sir, will there be applications. There will be but one, one application.</p>

<p>I wish you well in your future endeavors, which apparently, will include a course in logic. I enjoyed the study of logic in my sophomore year IN HIGH SCHOOL and believe that was a sufficient exposure to the topic.</p>

<p>Certain.</p>

<p>I remain most respectfully yours,</p>

<p>NO PAIN NO GAIN ... and believe me dealing with this was a pain.</p>

42

<p>I got a Columbia MBA this year. I also have class stats in front of me. The median first year income was $174,000 including bonus.</p>

<p>The banking package is typically: 35K upfront, 10K relocation, 95 Salary, over 95 bonus.</p>

<p>The consulting package is typically: 15K, 95K Salary, 25-35K bonus</p>

<p>The traditional marketing package is typically: 15K upfront, 85K salaty: 10-15K bonus</p>

<p>The media/ retail/ "chic" industries: 5-10K upfront, 75K salary, 10-15K bonus</p>

<p>I have never heard of anyone making less than 85K from Columbia. the only person I know making around this figure went into film production and didn't necessarily take an MBA job.</p>

43

<p>WHoa, Slipper that sounds like really credible information. Actually that Columbia WHATEVER said 100k for a salary was really 'horrible' for NY.</p>

<p>Just curious, are you one of those people that gets paid by College Confidential to post? </p>

<p>How much do you make to post or are you under some kind of secrecy pact? Actually, I did some research on MBA income for the first year and found lots of credible information that the AVERAGE starting salary is 100K.</p>

<p>But none of that negates the fact that there are MBA's willing to work for 60K.</p>

<p>Here are some of the articles:</p>

<p>Columbia Business School in New York reports London is also popular with its students - it is the second largest city in terms of alumni for the school.
Like many MBA career services directors in the US, Columbia's Regina Resnick reports that while the European market is being driven by an upsurge in investment banking recruitment, it is the return of management consultants that is shaping the scene in the US. A recent consulting forum at the school was attended by 22 firms - from the likes of McKinsey to the boutiques and niche players, she says. </p>

<p>At the Fuqua school at Duke University, in Durham, North Carolina, it is a similar story, says Sheryle Dirks, assistant dean for the daytime programme and director of the career management centre. "Much is driven by the resurgence in consultancy," she says. The median salary for those graduating from Duke and moving into consulting is Dollars 110,000 (Pounds 60,500), but some alumni are earning Dollars 135,000, she says. </p>

<p>At Bain & Company, David Sanderson, head of global recruiting, says Bain increased its recruitment of MBAs by 20 per cent last year and expects to do the same again this year. This means that the management consultancy is recruiting more MBAs these days than in the recruiting heyday of 1999-2000. "These are record times; these are record numbers," says Mr Sanderson. </p>

<p>Overall, the news is loud and clear. The demand for MBAs is back with a vengeance. "It is undeniable that there is more competition for the talent coming out of business school," says Mr Sanderson. </p>

<p>Students from the top schools once again have the luxury of turning down a job. "Students are feeling a little more confident and walking away from jobs that are not a fit," says Diane Morgan, head of careers at LBS. </p>

<p>For most of the top US schools, average starting salaries are nudging the Dollars 100,000 mark or have broken through the Dollars 100,000 threshold for the first time. At the MIT Sloan School of Management, in Cambridge, Massachusetts, for example, graduates received an average salary this year of Dollars 103,000 and 92 per cent of students had a job offer on graduation. At Duke, the average salary has gone up Dollars 10,000 from two years ago.
Both newly minted MBAs and first-year graduate students at Carnegie Mellon University's Tepper School of Business report a strengthening market for jobs and summer internships, with increased offers overall and more offers being made earlier than last year. Salaries for full-time positions and internships are also up compared to 2005, according to student surveys. </p>

<p>About 83 percent of graduating MBAs had offers in hand - and about 75 percent of those had accepted their first job - at the time of their graduation, said Ken Keeley, executive director of the Tepper School's Career Opportunities Center. Graduates of Tepper's Master of Science in Computational Finance (MSCF) program reported exceptionally high demand for their blend of strong quantitative, computing, statistical and finance skills. All MSCF graduates accepted a job within a month of graduating, up from 71 percent during the same period a year ago. The numbers were nearly as good for internships: 99 percent of first-year students received at least one internship offer for the summer, up from 95 percent last year. </p>

<p>Salaries for 2006 MBA graduates also continued to climb. The average salary reported by MBA students who graduated in May was $94,935, nearly seven percent higher than last year. The average starting salary for MSCF grads was $90,118, down slightly from 2005's average of $93,510.</p>

44

<p>I'm working for a law firm this summer. They recruit first year lawyers for 145K a year and have a bonus of 10k. The get some moving expenses and some bonuses if they have clerked.</p>

<p>We recruit MBA's, too. But we don't pay near the 100K average. We pay below average and there are plenty of applicants.</p>

<p>Actually they pay summer law interns, after the first and second year of law school more than they pay MBA's.</p>

45

<p>No Pain, its just not that simple. MBA programs are very different than other professions. A top 7 MBA will pay the figures I disclosed (I wish the document I have could be posted but its not in digital form), but even a top 20 will pay FAR worse. In fact the average entering salary at Columbia is over $75K, while at MBA schools outside the top 20 that is the salary after the MBA!! Even a school like Duke, which is outside the top 10, will have much lower average salary figures than a place like Columbia.</p>

<p>Not to mention the fact that the salary figures you quote do not include bonuses, which in many cases can be more than the salary itself!</p>

<p>I personally (graduated this year) will get more than 50% of my salary in bonus!</p>

46

<p>So which databases did you like to use most for preparing your papers?</p>

<p>How did you decide which ones to use?</p>

<p>We have some good databases at my school but I'm not sure how I go about learning to use all the library resources?</p>

47

<p>Huh? Are you talking to me?</p>

48

<p>Well, if you do not mind replying. I think mean hope it's going to be like other things.</p>

<p>It looks a lot more intimidating from the outside.</p>

<p>I've been doing a rotation at a law firm this summer. Human resources and now I'm in the law library.</p>

<p>These databases are major part of this business and my school did not have a lot of these.</p>

<p>How do you learn where to go to do your research?</p>

<p>I don't think Columbia 2002 is a real Columbia person, frankly. Sounds like you are and you must have used these for papers.</p>

49

<p>I can assure you Columbia2002 is a very real person. We have argued and also agreed many times.</p>

<p>For what kind of research? While I was in school I usually used the free resources for my work (Hoovers, Lexis-Nexis, etc). At work I subscribe to all the relevant trade magazines, get a news posting service (mediapost), and use the internet to do my research.</p>

50

<p>I'm sorry, I don't think you mentioned it Slipper, but what industry did you go into?</p>

51

<p>
[quote]
I personally (graduated this year) will get more than 50% of my salary in bonus!

[/quote]
</p>

<p>So you're planning on getting over 100% bonus, then? You've gotta be in finance of some sort.</p>

<p>
[quote]
The median first year income was $174,000 including bonus.

[/quote]
</p>

<p>Do you know the 25-75 breakdown? That's quite important. What the people in the lower half of the class make is critical.</p>

52

<p>No, 50% of my base salary (which is compensation for the year) in bonus. I.e. my base salary is say 80K but my bonus is 40K.</p>

<p>I am working in business development/ strategic planning in media. Its basically very similar to consulting but much more fun and less hours. Was hard to get though.</p>

<p>I don't know the 25-75 breakdown, but it is so industry dependant. So its more a staged graph than a linear one.</p>