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Columbia Business School has produced some of the brightest minds in business and some of the most successful and some with both right.
From Warren Buffett to Mario Gabelli and now Columbia students are starting their own businesses more than ever.
Many of them right here in New York City in what's known as silicon -- shift for Columbia Business School dean Glenn Hubbard.
Joining me now for the finale of are masters of business series -- have to say that.
I heard you say recently that it has been the best year on record for your MBAs getting jobs and to me that was stunning coming out of a real problem -- recession plus problematic recession plus.
It's a tentative economy telling about how your grants are doing right now.
What we've got almost a 100% 96% of our students with jobs right after graduation.
And that reflects the whole economy it's not just financial services and consulting but real industry entrepreneurship.
We doubled the number of students interest in entrepreneurship as a career in just two years.
Doubled that and yet you're changing some of the shifting the focus it would make sense that Columbia students and MBA grads would go right to Wall Street.
That's not happening so much anymore.
Amazon hired fifteen people out of the class that just graduated that's as many as some banks.
To -- for different it's very focused on general business careers of succeeding and being a business and -- -- -- in finance but it's across the board.
But -- team with that have.
Happened five years ago I mean up short -- had -- Berkeley school they have a ton of them going to have to Amazon they always have -- the Stamford but Columbia is that something new.
What we've worked death.
And students -- change we've worked -- -- in a curriculum that really focuses on general business problems and entrepreneurship.
But students have changed since the financial crisis to their interest and in broader business leadership opportunities.
Your classes of about 750.
Students yes that's markedly.
More than say Berkeley's Haas school which has under 300.
Why is it that way.
We've always been a fairly big MBA program -- -- the big presence in the executive MBA marketplace and we've done very well what -- students.
Let's talk about the cost you your actually listed as -- lower all and the at about 81000.
Is it for current year right.
-- that would include housing right in housing -- -- -- yeah Stanford and Berkeley were more like 90000 same with talk over -- how how is that possible I thought it was most expensive place to live is New York City would he has but the real cost of going to business wasn't just the tuition it's more expensive actually -- you mentioned reduces the cost of not working for a couple of years.
Top business schools really have to give value to warrant that and that's why you're seeing -- be used -- car.
Why do you even have a marketing department you can simply say Warren Buffett went here I think he is your star graduate you've got many others of course but.
The most successful.
Investor of our time he learned from Benjamin Graham who was a professor here how -- you continue to have that kind.
After -- -- -- that kind of teacher groups like a Benjamin Graham who were.
Real innovators in their minds and who can then translate that to being great in front of class -- Great question because you Warren's emphasis was always on value investing just been a franchise for Columbia Business School.
And I'm proud of Benjamin Graham -- Warren -- but I'm also proud that Bruce Greenwald and -- -- today have a great program still producing young investors.
What you want to look forward to an end as -- innovation is concerned Jack Welch started an online business school.
Obviously it's in a completely different realm than than you guys but if that's out there would -- -- offer an online opportunity -- do you do you in certain ways already.
Well we wouldn't offer an on line MBA because the network and physical presence is so important.
The technology can disrupt the way we teach we can teach some basic things using technology and spend the time with a professor on things that are more -- I'd be remiss if I didn't ask you because.
You have worked in the government you worked at treasury you've been a consultant to the Federal Reserve now there's this big discussion about Larry Summers vs Janet Yellen vs Roger Ferguson may be even Alan Blinder.
Who -- we need running the Federal Reserve after Ben Bernanke please.
Well I think the real question for the president is -- what before who what is he looking for I think it needs to be a steady leader consensus builder someone who understands the economy he has several potential.
Do you think that the Fed has been on the right track there's criticism and their support our markets have jumped exponentially since the Fed started doing.
Easing -- do think the Fed's response after the financial crisis was on point I don't think incremental effects of quantitative easing are going to be very march.
It's so nice to have you think -- picture much dean Glenn Hubbard of Columbia Business School thank you.
It's great to have you -- final day when -- -- really the Genesis of vessel that's -- next time we are thirty.
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