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With about 650 executive MBA students, Columbia is now forging closer connections between its full-time MBA program and the EMBA curriculum–in the same way that NYU has with its part-time program. “At most schools, MBAs and EMBA students never meet because EMBAs attend class on the weekends and MBAs do their study during the week,” says Columbia's Hanabury. “we are now offering electives for both programs and bringing classes together. Because our EMBA population is so huge we are able to offer one of the best selections of elective courses in the world. For our MBA students, the executives have interesting positions in companies they might be interested in. For EMBA students, they want exposure to full-time MBA talent and ideas.”

According to U.S. News & World Report's latest survey of B-school deans and MBA directors, the Stern School edges out Columbia for finance, coming in third to Columbia's fourth place ranking. (That poll shows that number one in finance is Wharton, followed by number two Chicago.) In international business, Columbia and NYU are in a three-way tie in sixth place with Duke's Fuqua School. In marketing, Columbia is sixth, while NYU is 11th. In management, Columbia places tenth, while NYU is 17th, below such schools as Cornell, UNC, and UCLA. In entrepreneurship, Columbia (14th) also edges out NYU (21st); in production/operations, Columbia rates a eighth place finish, with NYU at 15th, and in non-profit management, Columbia places ninth to NYU's tenth place finish.

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On-Campus Recruiting: If you want to work on Wall Street, an investment management shop, or a global financial services firm, getting your MBA punched at either Columbia or NYU is as close to a guaranteed ticket to entry as you could ever get. Morgan Stanley, Citigroup, J.P. Morgan-Chase, Deutsche Bank, Goldman Sachs and Credit Suisse are filled with Columbia and NYU grads. All the major MBA employers recruit at both schools so there are no shortages of opportunity on the job front. We give Columbia a slight edge in recruiting, given the school's highly consistent superior showing in BusinessWeek's recruiter polls. Obviously, the Class of 2009 had a tough time in a difficult environment. At Columbia, 62 sponsored-students chose to return to their pre-MBA employers. Many others accepted jobs at small and mid-sized firms.

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Alumni Network: Columbia alumni are fully entrenched in the financial, media, and business worlds of New York which essentially means that alums are a powerful and influential bunch. Of the 38,000 living alums, a figure that includes EMBAs, you can find a Columbia connection anywhere in the world. How tight are these networks? Columbia says that as many as 3,000 of its alums come to campus every year to recruit, to speak in class, and attend conferences. The school is trying to more closely connect that strong alumni base with current students who have groused that there isn't enough contact between them and Columbia's grads. NYU alums, of course, can be found in just about every company in the New York metro area that hires MBAs, and due to the oversized part-time program with nearly 2,000 students, you may even run into more of them. NYU claims more than 80,000 alums working in more than 100 countries worldwide, but that number includes a lot of undergrads.

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Rankings:

NYU's Stern School does better than Columbia in only one key ranking. The Economist rates NYU 13th in the world versus a 20th ranking for Columbia. Both schools compete to a dead tie in the latest U.S. News & World Report ranking. Otherwise, Columbia bests NYU, according to BusinessWeek, Forbes, and The Financial Times. The P&Q rank–which factors into consideration all the major rankings weighted by their individual authority–places NYU tenth and Columbia at sixth. These are the up-to-date rankings from each ranking organization.

MBA Rankings New York Columbia
Poets & Quants 10 6
BusinessWeek 13 7
Forbes 17 6
U.S. News & World Report 9 9
Financial Times 13 6
The Economist 13 20

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Historical Rankings by BusinessWeek:

NYU’s Stern School has never been ranked in the top ten by BusinessWeek. Indeed, its highest ranking ever by BW is its current 13th place finish in 2008. So Columbia has fared much better in the BusinessWeek surveys than NYU. Columbia’s highest rank, meantime, has been a sixth place finish in 1996 and 1998. As schools in one of the busiest and most congested cities of the world, Columbia and NYU may be at a slight disadvantage in the BusinessWeek lists, which largely measure customer satisfaction by surveying recent graduates and corporate recruiters. It’s hard to keep students and recruiters happy in an overcrowded city filled with distractions.

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Columbia NYU
1988 14 18
1990 8 17
1992 9 15
1994 8 16
1996 6 14
1998 6 13
2000 7 13
2002 7 15
2004 8 13
2006 10 14
2008 7 13

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Historical Rankings by The Financial Times:

Unlike BusinessWeek’s rankings, The Financial Times includes business schools from all over the world. So the FT is ranking both New York University and Columbia against such places as London Business School, which ranked number one in this survey in 2010 and 2009, and INSEAD, which ranked fifth these last two years. NYU has never come out on top of Columbia in any of The Financial Times’ surveys. Columbia is almost always in the top five (with the exception of 2010 when the FT ranked it sixth), while NYU has generally hovered in the next group of five in the top ten. However, for two of the last three years, NYU has ranked 13th–its lowest FT ranking since 2000 when it also placed 13th. Columbia has done quite well in the FT rankings over the years, ranging from its current rank of sixth to second in 2007. The Financial Times has ranked Columbia third on five occasions, in four consecutive years from 2002 to 2005, and in 2008.

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Columbia NYU
2000 5 13
2001 5 10
2002 3 13
2003 3 8
2004 3 7
2005 3 9
2006 4 8
2007 2 8
2008 3 8
2009 4 10
2010 6 13