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terp06
DJHouse:

Sorry if this may be a personal question, but I'll leave you a generic out as well. Approximately how much do you plan to allot for monthly living expenses (including rent, utils, transportation, food, entertainment, and personal expenses) to live as a student and attend Columbia Business School? What do you think the budgets of most of your classmates will be? My guess was $3500/month on the low end and $5000/month on the high end for the I-Banker types. Does this sound about right for an individual (no wife, kids, etc.)?

This is the link for the estimated student budget for '07-'08, which is fairly similar to this year's student budget. https://www4.gsb.columbia.edu/mba/learnm ... n/expenses

This is only for 9 months because during the summer with internships your income and expenses might change depending on job and location. As you can see, for living and personal expenses it's about $2500 per month, which is on the low end (although the school says "moderate"). I could not say what the high end will be, but $5000 would be pretty cushy. That's a $3000/month studio with $2000 month in personal expenses...not too shabby. Right now, I have enough with savings and Stafford to be on the low-end of the estimated student budget. I am speaking with current students to determine if the estimated budget is realistic or if I need to borrow more to cover what will be more expenses than planned. Additional expenses that the budget does not include are school-related travel, such as the Spring Break Int'l trips, and random, unforseen costs. I will get back to you on that.
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terp06
DJHouse:

Sorry if this may be a personal question, but I'll leave you a generic out as well. Approximately how much do you plan to allot for monthly living expenses (including rent, utils, transportation, food, entertainment, and personal expenses) to live as a student and attend Columbia Business School? What do you think the budgets of most of your classmates will be? My guess was $3500/month on the low end and $5000/month on the high end for the I-Banker types. Does this sound about right for an individual (no wife, kids, etc.)?

This is the link for the estimated student budget for '07-'08, which is fairly similar to this year's student budget. https://www4.gsb.columbia.edu/mba/learnm ... n/expenses

This is only for 9 months because during the summer with internships your income and expenses might change depending on job and location. As you can see, for living and personal expenses it's about $2500 per month, which is on the low end (although the school says "moderate"). I could not say what the high end will be, but $5000 would be pretty cushy. That's a $3000/month studio with $2000 month in personal expenses...not too shabby. Right now, I have enough with savings and Stafford to be on the low-end of the estimated student budget. I am speaking with current students to determine if the estimated budget is realistic or if I need to borrow more to cover what will be more expenses than planned. Additional expenses that the budget does not include are school-related travel, such as the Spring Break Int'l trips, and random, unforseen costs. I will get back to you on that.

Thanks a lot for the insight. I guess I was figuring around $2500 for basic expenses too, but I know Columbia students like to go out a lot in the city and other things like Spring Break trips, etc. I figured would easily add up to another $500-1000/month.
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hello buddy

when you will be heading into the city

Buzz me when you are here

cheers
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terp06
DJHouse:

Sorry if this may be a personal question, but I'll leave you a generic out as well. Approximately how much do you plan to allot for monthly living expenses (including rent, utils, transportation, food, entertainment, and personal expenses) to live as a student and attend Columbia Business School? What do you think the budgets of most of your classmates will be? My guess was $3500/month on the low end and $5000/month on the high end for the I-Banker types. Does this sound about right for an individual (no wife, kids, etc.)?

This is the link for the estimated student budget for '07-'08, which is fairly similar to this year's student budget. https://www4.gsb.columbia.edu/mba/learnm ... n/expenses

This is only for 9 months because during the summer with internships your income and expenses might change depending on job and location. As you can see, for living and personal expenses it's about $2500 per month, which is on the low end (although the school says "moderate"). I could not say what the high end will be, but $5000 would be pretty cushy. That's a $3000/month studio with $2000 month in personal expenses...not too shabby. Right now, I have enough with savings and Stafford to be on the low-end of the estimated student budget. I am speaking with current students to determine if the estimated budget is realistic or if I need to borrow more to cover what will be more expenses than planned. Additional expenses that the budget does not include are school-related travel, such as the Spring Break Int'l trips, and random, unforseen costs. I will get back to you on that.

Hi buddy,

I have some concerns regarding my profile whether it suits the like of Top 15 US B school. i want to move to pvt quity so i am keen to join a good finance school like Columbia, chicago, Wharton, Yale.....Also, how z Darden for finance..
i am planning to apply for 2011 graduating class. My profile:
Chartered accountant
Age 24
Work exp till date: 22 months
Current employer: Irevna research services (KPO of std & Poor's) in equity research
Past exp: Statutory audits with Deloitte

How does the profile look on paper. my concern is being employed with a KPO will adversely affect my profile???????

Will give my Gmat in Aug 08 as i was busy till june with my CFA level1 exam......Do you think i m too late to appear for Gmat. I believe ideally i should have appeared sometime in May- June.
Please suggest
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DJHouse,

Do you know what the Columbia-sponsored housing is like at CBS? Are most people from the West Coast able to receive it, or is it primarily reserved for international students? Is it shared apartments, solo apartments? What is the quality of them?
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Hi DJ,

you've pointed out before that alot of students go into consulting from columbia. I was wondering if you had any stats on how many students want to go to consulting vs how many get (internship or full time) at Mck/Bain/BCG?

As well, how competitive does it get for finance/banking jobs? I mean people from lesser known banks, do they have to fight an uphill battle against former GS?MS?LEH etc guys?

thanks!
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terp06
DJHouse,

Do you know what the Columbia-sponsored housing is like at CBS? Are most people from the West Coast able to receive it, or is it primarily reserved for international students? Is it shared apartments, solo apartments? What is the quality of them?

University housing is tough to get for b-school students. It is usually determined by your distance from school, so if you are international or a west-coaster then you have best shot versus someone from Boston. If you are international, I think you are almost guaranteed to get University Housind if you want it. If you are from the west coast, it depends, especially if you are a late applicant.

If you have any questions regarding the off-campus housing process, I can tell you about it. Just went through it this past weekend, and it was interesting to say the least. I don't want to scare anybody away from NYC, but if you are accepted and before you go apt. hunting let me give you some major tips.
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fooFighter
Hi DJ,

you've pointed out before that alot of students go into consulting from columbia. I was wondering if you had any stats on how many students want to go to consulting vs how many get (internship or full time) at Mck/Bain/BCG?

As well, how competitive does it get for finance/banking jobs? I mean people from lesser known banks, do they have to fight an uphill battle against former GS?MS?LEH etc guys?

thanks!

I don't have the stats, but I will talk to some people to get some info for you. I know that one person whom I talked to said that there are lot of people who want to go to consulting from Columbia--more than you might think. He said there were 50-60 some odd McKinsey offers for the class of 2008. However, he said there were very few offers from Bain. That's one thing to note if you are interested in consulting: if you want McKinsey then CBS if for sure...Bain? not so much.

If you worked for a top i-bank before b-school, your chances of landing an internship at a top bank is better than a career switcher or someone who worked for a lesser known bank. However, that does not mean you won't get an i-banking internship, it just might be at Credit Suisse or Deutsche, which are highly ranked banks. You are still coming from Columbia, which vouches for your abilities. When it comes to full-time positios, having an i-bank internship at any i-bank will help your chances at landing a position at a top i-bank. Of course if you interned at Lehman, you have the best shot because they might offer you something when the summer is over. If you did not intern there but you interned at another i-bank, there will be positions for you. That i-banking internship, no matter where, is crucial to landing a full-time job at a top i-bank.
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I guess its true that for a FT job, consultants will take anyone, doing internships with them is not a must unlike ibanking.

Very useful stuff dj!
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dj --

What are some characteristics of students that you think would "fit in" at Columbia and enjoy their time there? Additionally, what are some characteristics of students who should probably stay away from Columbia?
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terp06
dj --

What are some characteristics of students that you think would "fit in" at Columbia and enjoy their time there? Additionally, what are some characteristics of students who should probably stay away from Columbia?

First off, to fit with Columbia you better fit with NYC, aside from how NYC affects your MBA experience. Although Columbia is tucked away from the city, relative to Stern, you will still be living there, and it is extremely fast-paced.

The other characterisitics that I have seen so far are akin to any school. Are you team-oriented, self-motivated, outgoing, etc? Do you want camaraderie? If "yes" to the aforementioned questions, then you would fit at Columbia, as well as Stanford or Darden or any other top school. The people are great, as they were at other schools I visited!

Where "fit" differs from the other schools is how NYC fits into the picture. Be prepared for NYC to play a big role in how students get together, bond, and interact with each other? The places you go with other students and activities you engage in are simply different than in other cities and college towns. The NYC-factor is a good thing, in my opinion, hence I applied to Columbia ED. If you're not ready for the NYC-factor, then you should stay away from Columbia. However, if you are ready for all that NYC brings to the MBA experience, personally and professionally, then you are a perfect candidate for Columbia.
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Hi

I am a Fall 2009 applicant. I will be applying to Columbia in the Early decision round. There are three questions which I would like to ask you

1. Some of the leading of schools like Stanford, Yale etc. are moving towards Integrated Curriculum. For e.g. Teaching marketing topics and simultaneously considering impact of marketing decisions on manufacturing operations.
How integrated is Columbia's curriculum?

2. How closely-knit is Columbia's Student Community (Considering columbia's reputation of being a commuter school)

3. Columbia and NYU Stern are the two leading B schools in New York. Both have a strong finance focused programs. What really differentiates these two B schools. ( I am not sure whether it would to right to put forward such a question to you. But I am just trying my luck :wink: )
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leoneidas
Hi

I am a Fall 2009 applicant. I will be applying to Columbia in the Early decision round. There are three questions which I would like to ask you

1. Some of the leading of schools like Stanford, Yale etc. are moving towards Integrated Curriculum. For e.g. Teaching marketing topics and simultaneously considering impact of marketing decisions on manufacturing operations.
How integrated is Columbia's curriculum?

2. How closely-knit is Columbia's Student Community (Considering columbia's reputation of being a commuter school)

3. Columbia and NYU Stern are the two leading B schools in New York. Both have a strong finance focused programs. What really differentiates these two B schools. ( I am not sure whether it would to right to put forward such a question to you. But I am just trying my luck :wink: )

1. Columbia just revised its core curriculum to make it more integrated and to prepare students earlier for the business fundamentals that are tested during internship recruiting. Check out this link for more information: https://www4.gsb.columbia.edu/mba/academ ... curriculum

2. Columbia has a reputation for being a commuter school, but that is a bit of a misnomer. Students live near campus and have to commute to school somehow, but when they get on campus they are there all day. With that being said, staying on campus all day with your fellow classmates bodes well for bonding!

3. Columbia and Stern are very similar on the surface, but if you dig deeper you will see the differences. For example, departments and programs are run very differently, such as how they treat Entrepreneurship or Value Investing. Plus, the location of the campuses mak for a different experience. Have you visited yet either schools yet? If not, I recommend doing so; that will give you a solid view of the differences. Also, reasearch the websites of each, and compare their departments and the classes and opportunities associated with each. You can be successful graduating from either institution, but they believe in different means of getting there.
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How is the bschool building? Is seeing employers every weekend a real pain?
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leoneidas
Hi

I am a Fall 2009 applicant. I will be applying to Columbia in the Early decision round. There are three questions which I would like to ask you

1. Some of the leading of schools like Stanford, Yale etc. are moving towards Integrated Curriculum. For e.g. Teaching marketing topics and simultaneously considering impact of marketing decisions on manufacturing operations.
How integrated is Columbia's curriculum?

2. How closely-knit is Columbia's Student Community (Considering columbia's reputation of being a commuter school)

3. Columbia and NYU Stern are the two leading B schools in New York. Both have a strong finance focused programs. What really differentiates these two B schools. ( I am not sure whether it would to right to put forward such a question to you. But I am just trying my luck :wink: )

1. Columbia just revised its core curriculum to make it more integrated and to prepare students earlier for the business fundamentals that are tested during internship recruiting. Check out this link for more information: https://www4.gsb.columbia.edu/mba/academ ... curriculum

2. Columbia has a reputation for being a commuter school, but that is a bit of a misnomer. Students live near campus and have to commute to school somehow, but when they get on campus they are there all day. With that being said, staying on campus all day with your fellow classmates bodes well for bonding!

3. Columbia and Stern are very similar on the surface, but if you dig deeper you will see the differences. For example, departments and programs are run very differently, such as how they treat Entrepreneurship or Value Investing. Plus, the location of the campuses mak for a different experience. Have you visited yet either schools yet? If not, I recommend doing so; that will give you a solid view of the differences. Also, reasearch the websites of each, and compare their departments and the classes and opportunities associated with each. You can be successful graduating from either institution, but they believe in different means of getting there.


Thanks for your prompt reply....

Being an international applicant based in India, I dont think I would be able to presonally visit Columbia Campus. However I have registered for the Columbia Admissions Information Session and Reception organised in India. For me the main source for gathering information is the the CBS website, and various forums.

Your comments are definitely helpful.

BTW how much importance does the admissions committee place on Campus visit by the applicants.
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What is a good idea of a rough monthly student budget for a CBS student? I know that this will vary wildly - but it seems like the estimates on Columbia's website are extremely low.
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fooFighter
How is the bschool building? Is seeing employers every weekend a real pain?

The building, IMO, is excellent. It does not look like it was constructed yesterday, but it is in great condition, and it is condusive to learning. The classrooms are the typical semicircle shape. There are plenty of areas to relax, eat, and get on your laptop. The first floor area is very spacious, so it is a perfect place to congregate.

I have not started yet, so I cannot comment on your second question...yet.
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