Stanford Graduate School of Business

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Stanford Graduate School of Business
Stanford GSB Logo
Established 1925
Type Private business school
Endowment $1.240 billion
Dean Garth Saloner (since 2009)[1]
Academic staff 114[2]
Postgraduates 799 MBAs, 83 MS[1]
Doctoral students 101 PhDs in residence[1]
Other students 2,284 (executive education)[1]
Location Stanford, California, USA
Campus Urban
Alumni 27,705
Nickname Stanford GSB
Affiliations Stanford University
Website gsb.stanford.edu
Stanford GSB school flag.

The Stanford Graduate School of Business (also known as Stanford Business School, Stanford GSB, or The GSB) is one of the professional schools of Stanford University, in Stanford, California.

Stanford GSB offers a general management Master of Business Administration (MBA) degree, the MSx Program (which is a full-time twelve-month MS in Management for mid-career executives) and a Ph.D. program, along with a number of joint degrees with other schools at Stanford University including Earth Sciences, Education, Engineering, Law and Medicine. Stanford is tied for the #1 rank with the Wharton School and the Harvard Business School in the United States MBA ranking by U.S. News & World Report.[3] Among American MBA programs, Stanford has the lowest acceptance rate, or 6.8%.

Background[edit]

The school was founded in 1925 when Trustee Herbert Hoover formed a committee of Wallace Alexander, George Rolph, Paul Shoup, Thomas Gregory, and Milton Esberg to secure the needed funds for the school's founding becoming the second graduate school of business in the country.[4] There are three Nobel Prize winners on the faculty, two recipients of the John Bates Clark Award, 15 members of the American Academy of Arts and Sciences, and three members of the National Academy of Sciences.[1] Its faculty members maintain several joint appointments with affiliated research centers. The GSB maintains very close links with the venture capital, finance and technology firms of nearby Silicon Valley.[5]

The school operates with an annual operating revenue of $156 million, and is the second wealthiest business school in the nation with an endowment of $1.3 billion, roughly tied with Harvard Business School in per capita endowment.[citation needed] There are 26,309 living alumni, including 17,803 alumni of the MBA program. Stanford Graduate School of Business is renowned to have produced a remarkable number of successful business leaders and entrepreneurs, many among the world's wealthiest, from its alumni base.

In August 2006, the school announced what was then the largest gift ever to a business school – $105 million from Stanford alumnus Phil Knight, MBA '62, Founder and Chairman of Nike, Inc.[6] The gift went toward construction of a $375 million campus, called the Knight Management Center, for the business school. Construction was completed in 2011. The business school comprises the Knight Management Center and the Schwab Residential Center (named after alumnus Charles R. Schwab, Founder, Chairman, and CEO of the Charles Schwab Corporation).

There are ten buildings at the Knight Management Center: the Gunn Building, Zambrano Hall, North Building, Arbuckle Dining Pavilion, Bass Center, the Faculty Buildings (comprising East and West buildings), the Patterson Building, the MBA Class of 1968 Building, and the McClelland Building.

Full-time MBA program[edit]

Rankings[edit]

Business School Ranking
U.S. MBA
Bloomberg Businessweek[7] 4
Forbes[8] 1
U.S. News & World Report[9] 1
Worldwide MBA
Business Insider[10] 3
CNN Expansion[11] 4
Financial Times[12] 2

Stanford's MBA program was ranked 1st in the United States by U.S. News & World Report in its 2014 rankings,[3] and by Forbes in its 2013 rankings.[13] The school was ranked 2nd in the Financial Times 2014 Global MBA rankings, and 4th by Bloomberg Businessweek in 2012.[14] The Economist ranked Stanford 9th in its 2013 business school ranking and CNN Expansion ranked in 4th in the world. In the 2010 QS Global 200 Business Schools Report, Stanford Business School was ranked 4th in North America.[15]

In Poets&Quants most recent aggregated "ranking of rankings" of US business schools, Stanford's MBA program ranked #2. This ranking is a composite of five major MBA rankings published by Bloomberg BusinessWeek, The Economist, The Financial Times, Forbes, and the U.S. News & World Report which is meant to eliminate anomalies and other statistical distortions that are often present in any single ranking.[16][17]

For 2011, the Aspen Institute, which ranks institutions on how well schools incorporate issues concerning social and environmental stewardship into the curriculum, ranked Stanford #1 worldwide.[18]

Aerial view of the Main Quad.

Student profile[edit]

The Stanford Graduate School of Business is the most selective business school in the U.S.[19] It has maintained the highest ratio of "applicants to available seats" of any business school in the U.S. for the last decade. It has also had the lowest acceptance rates (typically <8%) of any business school. For the Class of 2015 which entered in 2013, 6.8% of applicants were offered admission.[20] For the class of 2015 which entered in 2013, the average GMAT score of 732 [21] is the highest of any business school in the United States.

The school has approximately 400 students per year in its full-time two-year MBA program. It is relatively diverse compared to its peer institutions. The most recent entering class was approximately 35% female, 20% ethnic minorities and 42% international. Current and past students include Fulbright Scholars, Marshall Scholars, Coro, Gardner, Soros, Rhodes, Rotary, and Truman fellows. Approximately 15% of the class entered the MBA program with other graduate or professional degrees; including medical doctors, lawyers, and Ph.Ds. Stanford GSB also offers a PhD in Management degree for those looking to pursue a career in academia.

The students at the school have traditionally maintained a policy of grade non-disclosure whereby they do not release grades. Some annual academic distinctions do exist. Students graduating in the top ten percent of the class are designated "Arjay Miller Scholars", named after the former dean, Arjay Miller (1969–79). The top student receives the Henry Ford II award at graduation. At the end of the first year five students are also designated Siebel Scholars based on a combination of academics and extracurriculars.

Admission to the MBA program[edit]

Key Admission Stats – Stanford MBA:[22]

Average GPA of admits: 3.73

Average GMAT of admits: 732

Acceptance Rate: 6.8%

Admission requirements include the equivalent of a US bachelor's degree, GMAT or GRE score (no minimum required), TOEFL (minimum 100 on iBT)/IELTS (minimum 7)/PTE (minimum 68) scores for international applicants, academic transcripts, resume, 2 essays and 2 Letters of Reference.

New curriculum[edit]

Schwab Residential Center, on campus residence for first year Sloan, PhD, and MBA candidates.

In June 2006, the School announced a dramatic change to its curriculum model. The new model, dubbed "The Personalized MBA Education", has four focus points. First, it aims to offer each student a highly customized experience by offering broader menus of course topics and providing personal course-planning mentoring from Stanford Business School faculty advisors. Second, the new program attempts to deepen the school’s intellectual experience through several smaller, high-impact seminars focused on critical analytical thinking. Third, the new program will increase global business education through both new course options and requiring international experience from all students. Finally, the new program expands the schools focus on leadership and communication through new courses that examine students’ personal strengths in the topic. Overall, the school sees the flexible program as an important point of differentiation that leverages the school’s smaller relative size versus most other top MBA programs. The graduating class of 2009 was the first class having gone through the new curriculum.

Full-time MSx Program[edit]

The Stanford MSx Program[23] is a full-time, one-year master’s degree program for successful managers in mid-career. The program’s principal objective is to help participants strengthen their capacity for organizational leadership. Participants gain an understanding of their personal leadership capacities, develop a strategic and integrated perspective on organizational leadership, and deepen their command of key management disciplines and functions. The ideal MSx candidate is a senior manager who has had or will soon be appointed to his or her first general management position.

The Stanford MSx was previously called the Stanford Sloan Master's Program, because students in the program are known as Stanford Sloan Fellows. The Stanford MSx is one of the three Sloan Fellows programs, sharing a similar format with the others at the MIT Sloan School of Management and the London Business School. These programs were initially supported by Alfred P. Sloan, Chairman of General Motors from 1937 to 1956, who envisioned the Sloan Fellowship as a means of developing the "ideal manager".

Fellows who successfully complete the academic program are awarded the degree of Master of Science in Management. The degree distinguishes itself from the MBA by acknowledging the life experiences of fellows, as well as the intense nature of the shorter program. Like the MBA program, the MSx program requires a set of core courses along with electives (normally mixed with MBAs), however, the MSx program has separate core courses, more tailored for the experience level of fellows.

Stanford MSx Class of 2014 Profile[24]

  • Fellows: 83
  • U.S. / International: 33% / 67%
  • Number of passports: 31
  • Number of countries Fellows have worked: 42
  • Average years of work experience: 12; Range: 8 – 25 years
  • Sponsored / Self-Sponsored: 30% / 70%
  • Women: 20%
  • Median GMAT score: 700

General differences between the MBA program and the MSx program[25]

Stanford MBA Program Stanford MSx Program
Full-time, 21-month program Full-time, 11-month program
6 academic quarters 4 academic quarters
400 students per class 83 Sloan Fellows (mid-career managers/execs)
42% international students 67% international students
Work Experience: 4-year average Work experience: 12-year average, 8-year minimum
15% have previous graduate degrees 47% have previous graduate degrees
Awards MBA degree Awards MS in Management degree

Organizational relationships[edit]

Stanford GSB has a number of relationships with other leading business schools. It offers a number of Executive Education programs jointly with Harvard Business School. It also offers one of the three Sloan Fellows programs, coordinating with the others at the MIT Sloan School of Management and the London Business School.[26]

Alumni Association[edit]

The Stanford GSB Alumni Association provides a wide range of opportunities (see: Alumni Statistics), services and resources for their alumni, including local regional/chapter activities, special alumni events, continuing education programs, alumni career services, international conferences, reunion programs, Alumni/Student programs and password protected online services.

Notable GSB alumni[edit]

See also[edit]

References[edit]

  1. ^ a b c d e As of November 2009
  2. ^ "Stanford Graduate School of Business: School Profile". Stanford University. Retrieved March 12, 2014. 
  3. ^ a b "America's Best Graduate Schools 2013". U.S. News & World Report. Retrieved March 16, 2012. 
  4. ^ Stanford University 1916–1941, pg 79–80. J. Pearce Mitchell, 1958
  5. ^ "Universities, Innovation and the Economy" By Helen Lawton-Smith, page 200
  6. ^ Archives: Top Stories: News: Stanford GSB
  7. ^ "Business School Rankings and Profiles: MBA". Bloomberg Businessweek. 2012. Retrieved 2012-01-19. 
  8. ^ "Business School Rankings and Profiles: MBA". Forbes. 2013. Retrieved 2014-05-19. 
  9. ^ "Best Business Schools". U.S. News & World Report. 2012. Retrieved 2012-03-13. 
  10. ^ "The World's Best Business Schools". Business Insider. 2013. Retrieved 2014-01-12. 
  11. ^ "Ranking:Los Mejores MBA en el mundo 2013". CNN Expansion. 2013. Retrieved 2013-07-11. 
  12. ^ "Global MBA Rankings". Financial Times. 2014. Retrieved 2014-02-11. 
  13. ^ Badenhausen, Kurt. "Stanford Tops 2013 List Of America's Best Business Schools". Forbes (Forbes). Retrieved October 16, 2013. 
  14. ^ "Business School Rankings & Profiles". BusinessWeek. The McGraw-Hill Companies Inc. Retrieved May 2, 2009. 
  15. ^ "QS Global 200 Business Schools Report 2010 North America". 
  16. ^ "Financial Times Ranking of Rankings". The Financial Times. 2007. Retrieved October 25, 2012. 
  17. ^ "Poets&Quants’ Top 100 MBA Programs in the U.S.". Poets&Quants. 2011. Retrieved October 25, 2012. 
  18. ^ "Rankings: Top Ten Lists". The Aspen Institute. Retrieved October 28, 2011. 
  19. ^ Zlomek, Erin. (2013-04-18) India's IIM-A, the World's Toughest B-School to Get Into. Businessweek. Retrieved on 2013-08-12.
  20. ^ "America's Best Graduate Schools 2012: Stanford University Profile". U.S. News & World Report. Retrieved March 15, 2011. 
  21. ^ "Stanford GSB Entering Class Profile". Retrieved January 26, 2014. 
  22. ^ "Top 10 MBA Programs in the U.S.". CNN Money. 
  23. ^ Stanford Graduate School of Business. "Stanford MSx Program". Stanford University. Retrieved August 9, 2012. 
  24. ^ "Stanford Sloan Class of 2013 Profile". Retrieved January 2, 2013. 
  25. ^ "Stanford MSx". Retrieved January 6, 2013. 
  26. ^ http://www.ft.com/intl/cms/s/2/2d0cc00a-6c3e-11e1-b00f-00144feab49a.html#axzz1qjYo5sXe
  27. ^ "tate & lyle plc". Bloomberg BusinessWeek. Retrieved November 8, 2012. 
  28. ^ "The World's Billionaires No. 287 Sid Bass". Forbes. Mar 8, 2007. Retrieved Oct 8, 2011. 

External links[edit]