also donated $100 million to the construction of the second business school building. In September 2021, David Geffen pledged $75 million to support the new campus' construction. The buildings are designed by Diller Scofidio + Renfro, and are named Henry R. Kravis Hall and David Geffen Hall, respectively. Columbia Business School officially moved to Manhattanville in January 2022. The cost of the new campus, which stands at $600 million, makes it the most expensive business school ever built. MBA program The Columbia MBA Program is one of the most competitive in the world with an admission rate of 13.6% for the 2021 entering class. The student body is highly accomplished and diverse. Students in the class that entered in 2009 come from 61 countries and speak more than 50 languages. The revised core curriculum, launched in the fall of 2008, represents about 40% of the degree requirement. It consists of 2 full courses and 12 half-term courses including Corporate Finance, Financial Accounting, Managerial Statistics, Managerial Economics, Leadership, Operations Management, and Marketing Strategy. While the first year of the program is usually devoted to completing the requirements of the core curriculum, the second year provides students with the opportunity to choose from the more than 130 elective courses available at the School and supplement them with more than 4,000 graduate-level classes from the University's other graduate and professional schools. Among the most popular electives at Columbia Business School are the Economics of Strategic Behavior, Financial Statement Analysis and Earnings Quality, Launching New Ventures, Modern Political Economy, and the Seminar in Value Investing. Columbia Business School has a firm grade non-disclosure policy, stating that students refrain from disclosing specific class grades, GPAs, or transcripts until they accept full-time, post graduation positions. Students enter Columbia's MBA program in two tracks. The traditional fall term is approximately 550 students, while the January term "J-Term" is approximately 200 students. Students entering in the fall are divided into eight clusters of approximately 65 students that take all first year core classes together. J-Term students are broken into three clusters. The J-Term is aimed at students who want an accelerated 18-month program who usually plan to return to their previous job, are company sponsored, and will not pursue a summer internship because they take classes during the summer. The average starting base salary and bonus for Columbia MBAs in 2020 was $171,436, a sum that places it