History
A. Barton Hepburn, then president of Chase Manhattan Bank, founded the School in 1916 with 11 full-time faculty members and an opening class of 61 students, including 8 women. The School expanded rapidly, enrolling 420 students by 1920 and in 1924, added a PhD program to the existing BS and MS degree programs.
In 1945, Columbia Business School authorized the awarding of the MBA degree. Shortly thereafter, in the 1950s, the School adopted the Hermes emblem as its symbol, reflecting the entrepreneurial nature of the Greek god Hermes and his association with business, commerce and communication.
In 1952, CBS admitted its last class of undergraduates. The school currently offers executive education programs that culminate in a Certificate in Business Excellence (CIBE) and full alumni status, and several degree programs for the MBA and PhD degrees. In addition to the full-time MBA, the school offers four Executive MBA programs: the NY-EMBA Friday/Saturday program, the EMBA-Global program (launched in 2001 in conjunction with the London Business School), the Berkeley-Columbia Executive MBA program (launched in 2002 in conjunction with the Haas School of Business at University of California, Berkeley), and the EMBA-Global Asia program (launching in 2009 in conjunction with the London Business School and the University of Hong Kong Business School). Students in jointly run programs earn an MBA degree from each of the cooperating institutions.
On July 1, 2004, R. Glenn Hubbard became Columbia Business School's eleventh dean. Hubbard, the former chair of President Bush's Council of Economic Advisers, has worked at the intersection of the private, government and nonprofit sectors and played an active role in shaping national and international economic policy, including the deregulation policy leading up Wall Street bank failures in 2008. In Charles Ferguson's 2010 documentary, Inside Job, when prompted, Hubbard strongly maintains that his political and financial connections to government and Wall Street firms do not create any potential academic conflict of interest.
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“The one duty we owe to history is to rewrite it.”
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“We know only a single science, the science of history. One can look at history from two sides and divide it into the history of nature and the history of men. However, the two sides are not to be divided off; as long as men exist the history of nature and the history of men are mutually conditioned.”
—Karl Marx (1818–1883)