Tuck | Mr. Assistant Manager
GRE 328, GPA 2.9
NYU Stern | Mr. Development
GMAT 690, GPA 2.5
Harvard | Mr. The Builder
GMAT 740, GPA 4.0
Wharton | Mr. Steelmaker To Consultant
GMAT 760, GPA 3.04/4.0
Stanford GSB | Mr. Two Job
GRE 330 GRE, GPA 3.63
Chicago Booth | Mr. High GRE Low GPA
GRE 332, GPA 3.2
Harvard | Ms. Gay Engineer
GMAT 730, GPA 3.6
Berkeley Haas | Mr. Analyst To Family Business Owner
GMAT 710, GPA 3.2
Harvard | Mr. FBI To MBB
GMAT 710, GPA 3.85
Chicago Booth | Mr. Overrepresented Indian Engineer
GMAT 740, GPA 8.78/10
Tuck | Mr. Infantry Officer To MBA
GRE 314, GPA 3.4
Darden | Mr. Program Manager
GRE 324, GPA 3.74
Tuck | Mr. Smart Cities
GRE 325, GPA 3.5
Berkeley Haas | Mr. Biz Human Rights
GRE 710, GPA 8/10
Harvard | Mr. Food Tech Start Ups
GMAT 720, GPA 3.5
Harvard | Mr. International Oil
GMAT 710, GPA 3.7
Harvard | Mr. Consulting To Emerging Markets Banking
GRE 130, GPA 3.6 equivalent
Harvard | Mr. Comeback Kid
GMAT 770, GPA 2.8
Stanford GSB | Mr. Greek Taverna
GMAT 730, GPA 7.03/10
Harvard | Ms. Biotech Ops
GMAT 770, GPA 3.53
Chicago Booth | Mr. Energy Operations
GRE 330, GPA 3.85
Harvard | Mr. Big 4 To Healthcare Reformer
GRE 338, GPA 4.0 (1st Class Honours - UK - Deans List)
Duke Fuqua | Mr. Indian Quant
GMAT 745, GPA 9.6 out of 10
Stanford GSB | Mr. Food & Education Entrepreneur
GMAT 720, GPA 4.0
Harvard | Mr. Lieutenant To Consultant
GMAT 760, GPA 3.7
Duke Fuqua | Mr. IB Back Office To Front Office/Consulting
GMAT 640, GPA 2.8
Rice Business | Mr. Future Energy Consultant
GRE Received a GRE Waiver, GPA 3.3

Wall Street’s Stunning Collapse At Columbia

Columbia University

Columbia University

HIGHEST STARTING SALARY: $275K FOR A JOB IN MANUFACTURING

The highest reported starting salary—$275,000—went to an MBA who landed a job in manufacturing—rather than finance, although another graduate who entered the investment management field bagged a $270,000 base. Yet another Columbia MBA, this one going into the entertainment business, was given a starting salary of $200,000. Even the highest reported first-year guaranteed bonus didn’t go to an MBA who entered finance. The big bonus number—$215,000—was reported by a graduate who took a job in consulting.

Those positive compensation and job numbers were largely achieved thanks to a sizable increase in opportunities in the consulting and technology industries which are taking a significantly bigger share of the school’s graduates. With four of the top five employers being consulting firms, 34.3% of this year’s MBA class went into consulting—just .7% less than finance. That’s up from 29.7% only a year ago. In 2008, only 22.2% of Columbia’s class became consultants.

INDUSTRY PAYING HIGHEST MEDIAN SALARIES: CONSULTING AT $135K

Perhaps even more shocking for a school known for finance is that the highest median salaries this year did not come from any of the financial career paths. Instead, the largest starting salaries at Columbia were paid by consulting firms with their standard $135,000 base offer. Private equity and buyout firms were second, paying a median $132,500, while hedge funds had the third highest median salary of $132,000.

McKinsey & Co. hired 31 of the school’s graduates this year, followed by Bain which hired 21. Boston Consulting Group brought aboard 16 Columbia MBAs, while Deloitte Consulting employed 15. The only top five employer in finance was Citigroup which hired 16 graduates from the Class of 2014.

In 2008, McKinsey also led all employers of Columbia grads, then hiring 56 MBAs. But the next seven largest employers were all in finance: Goldman Sachs (25), Lehman Brothers (21), Citigroup (17), Deutsche Bank (17), J.P. Morgan Chase (17), Credit Suisse (16), and Morgan Stanley (15). In fact, ten of the top 12 employers at Columbia were all in finance.

TECH FIRMS HIRED 12.1% OF THIS YEAR’S CLASS, THIRD HIGHEST AFTER CONSULTING AND FINANCE

In the years since the Great Recession hit, tech firms have also come to the rescue. Some 12.1% of this year’s class went to work for technology companies, up from 11.8% last year and 6.8%. Most remarkably, the tech industry hired only 3.5% of the school’s graduates in 2008 before the finance sector plunged the economy into the deepest downturn since the Great Depression.

Columbia said that 94 of its graduates were sponsored students who returned to their previous employers. Some 22 members of the class became startup founders.

Columbia Business School’s Massive Shift Away From Finance

 

Industry 2014 ’13 ’12 ’11 ’10 ’09 ’08
Finance 35.0% 37.9% 41.8% 50.3% 48.4% 48.0% 55.6%
I-Banking & Brokerage 16.0% 18.6% 21.0% 27.2% 26.3% 28.2% 29.4%
Diversified Finance 1.6% 2.7% 3.3% 2.6% 4.1% 2.2% 5.3%
PE, Buyouts, VC 3.2% 3.8% 4.9% 5.7% 3.7% 4.5% 5.5%
Hedge Funds/Mutual Funds 5.4% 4.1% 4.9% 5.5% 4.7% NA NA
Other Investment Management 5.2% 5.4% 6.1% 6.7% 6.2%% 11.2% 12.1%
Consulting 34.3% 29.7% 32.6% 22.3% 20.1% 25.0% 22.2%
Technology 12.1% 11.8% 6.8% 5.5% 5.0% 3.0% 3.5%
Manufacturing 5.9% 7.5% 7.5% 8.9% 11.8% 11.0% 6.4%
Consumer Products 4.7% 6.1% 5.4% 6.1% 4.3% 5.2% 3.3%
Real Estate 3.3% 3.4% 1.6% 3.2% 5.7% 2.7% 3.1%
Non-Profit/Education 2.3% 1.1% —– 1.4% 2.3% 3.2% 2.0%
Healthcare 1.6% 1.8% 2.3% 2.0% 5.2% 3.5% 1.6%
Retail 1.6% 1.8% 3.6% 1.8% 1.2% 2.0% 1.8%
Media/Entertainment 1.6% 1.4% 0.9% 2.4% 2.6% 1.5% 2.1%

Source: Columbia Business School employment reports

Related 2014 Employment Report Stories:

Duke: Best Year For MBAs Since The Great Recession

Wall Street Gains At Harvard Business School

Finance & Consulting Both Down At Wharton This Year

Stanford MBAs Shift Away From Tech Industry

Amazon Top Employers Of MBAs At Michigan’s Ross School of Business

Dartmouth Tuck’s 2014 Career Stats Among Best Ever

Strong Pay & Job Stats In First 2014 Report From Washington University’s Olin School

Wall Street’s Stunning Collapse At Columbia Business School

Salaries & Offers Up At Chicago Boooth