Columbia Business School, one of the leading business schools in the world was founded in the year 1916 by the then president of Chase Manhattan Bank. In its founding year the School had just 11 full time instructors and 61 students, of which eight were women. The Master of Business Administration (MBA) Degree was added to its fold in the year 1945. Whereas the BS, MS and PhD degrees were already added to its list of programs by 1924 itself. By 1952 it was decided to drop the undergraduate classes and to concentrate only on graduate studies in business management. Presently the School is situated both at the Uris Hall and the Warren Hall, near to the Low Library, Morningside Heights campus in New York City. New York City provides the school with the advantage of been regarded as one of the important financial capitals of the world. Columbia Business School is accredited by International Association for Management Education (AACSB). The School currently has full time faculty strength of 150, including the 2001 Nobel Laureate in economics Joseph Stiglitz. The current student population of the School consists of students from eighty six different nations. The School also has many types of exchange programs with atleast twenty five leading B-schools around the world. Students of Columbia Business School usually get the opportunity to visit places like Africa, Asia and South America to study prevalent business issues. Columbia Business School has the following academic programs on offer for its students – MBA degree, Executive MBA degree for working professionals and the PhD degree. Apart from these, the school also offers many non degree Executive education courses for working managers and executives. The curriculum offered by the Columbia Business School is considered rigorous with many innovative electives to choose from. The School is known for its innovative curriculum design based on current and future changes. Introduction of a new course titled ‘The Future of Financial Services’ after the current global financial crisis is a very good example to prove this fact. Another remarkable program to cite is the Columbia Case Works program aimed at the auto industry. The School has the following Academic Divisions – Accounting division, Decision, Risk, and Operations Division, Finance and Economics Division, Management Division and the Marketing Division.