Program Basics

• • Full-time MBA
  • Stanford Graduate School of Business
  • Knight Management Center
  • 655 Knight Way
  • Stanford, 94305, California
  • United States
  • Program Web site: http://www.gsb.stanford.edu/
  • Status: Private
  • Program e-mail address: MBA_2011_12@gsb.stanford.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 977
  • Full-Time MBA: 803
  • Executive MBA: 67
  • PhD Program: 107
• • Other graduate degree programs:
    • Other
  • Master of Science in Management

PROGRAM COSTS

• Total direct costs (tuition and required fees) of the entire MBA program:

  • Resident: $113,820.00
  • Nonresident: $113,820.00
  • Recommended annual budget (Resident): $87,081.00
  • Recommended annual budget (Nonresident): $87,081.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2012
  • Deadline: Oct 12, 2011
  • Semester: Fall 2012
  • Deadline: Jan 11, 2012
  • Semester: Fall 2012
  • Deadline: Apr 4, 2012
• • Does the program have rolling admissions? No
  • Is proficiency in English required for admission? Yes
  • Is a minimum score on an English language proficiency test required? Yes

• Which English language proficiency tests are accepted?

  • • IELTS
    • TOEFL Internet Based Test
    • TOEFL Paper-based Test
• • Minimum paper-based TOEFL score required for MBAs: 600

APPLICANTS

• • Applications (admitted and denied) to the newest class: 6,618
  • Applicants who were accepted to the most recent class: 7 %
  • Applicant interviews are: By invitation only
  • Admitted applicants who were interviewed: 100 %

CLASS PROFILE

• Full-time students in newest entering class (2010-2011) that are:

  • Female: 34 %
  • International: 32 %

• Students from following regions:

  • Africa: 2 %
  • Asia: 11 %
  • Europe: 6 %
  • North America: 64 %
  • Latin America and the Caribbean: 5 %
  • Oceania: 1 %
  • Dual citizenship: 11 %
• • Mean months of work experience of newest entering class: 49
  • Median months of work experience of newest entering class: 48

• Middle 80% range of work experience of newest entering class in months:

  • From: 25
  • To: 71

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Dedicated financial aid office at the B-school
  • Full-time MBAs who applied for financial aid for the current academic year: 75 %
  • Full-time MBAs receiving financial aid in the current academic year: 75 %
  • Mean MBA financial aid package for the current academic year: $58,562.00
  • Median MBA financial aid package for the current academic year: $65,401.00
  • On what basis are scholarships awarded?
    • financial need
  • How does an applicant apply for scholarship consideration? Unique scholarship application
  • Mean scholarship awarded to full-time MBAs in the previous academic year: $20,892.00
  • Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study: 85 %
  • Does the school offer a guaranteed loan to all MBAs regardeless of nationality? Yes
  • Mean outstanding debt among the most recent graduates from the full-time MBA program: $78,712.00

GMAT

• • Are applicants required to take the GMAT? Yes
  • Are applicants allowed to submit the GRE? Yes

• GMAT score distribution (incoming class):

  • 50th Percentile (median) 740
  • Average GMAT Score 730

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 48
  • Average number of students in a full-time MBA elective class: 33
  • Elective courses available to full-time MBA students: 155

• Electives that have been added to the full-time program since June 30, 2010:

  • Business Models for Sustainable Energy
  • Cleantech: Business Fundamentals and Public Policy
  • Crisis Management on the World Stage
  • D-Lab: Design for Service Innovation
  • Intellectual Property: Financial & Strategic Management

• Concentrations and specializations offered to full-time MBA students:

  • • General Management
  • Nonprofit/Public management

• Joint-degree programs offered to full-time MBAs:

  • • MBA/MS (Science)
    • MBA/MA (Arts)
    • MBA/JD (Law)
    • MBA/MD (Medicine)
• • Does the school offer an accelerated full-time MBA program? No

• The school believes that its leading areas of study for full-time MBA students are:

  • • Corporate Social Responsibility
    • Finance
    • Entrepreneurship
    • Leadership
    • Organizational Behavior

FACULTY

• • Faculty employed by the B-school: 182

• Full-time faculty:

  • Tenured: 71
  • Non-Tenured: 41

• Adjunct/Visiting Faculty:

  • Tenured: 4
  • Non-Tenured: 66

• Women on Faculty:

  • Tenured: 11
  • Non-Tenured: 20

• Minority Faculty:

  • Tenured: 10
  • Non-Tenured: 8

• International Faculty:

  • Tenured: 7
  • Non-Tenured: 19

• Faculty with PhDs:

  • Tenured: 75
  • Non-Tenured: 65

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Biotech/Health care
    • Business Law
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Other
    • Finance
    • Marketing
    • Nonprofit
    • VC/ Private Equity
    • Environmental
    • High Tech
    • Information Technology
    • Investment Banking
    • Manufacturing
    • Media & Entertainment
    • New Media

• Networking clubs available to full-time MBA students:

  • • Black MBA Association
    • Hispanic Student Organization
    • International Club
    • Partners/Family
    • Women in MBA
    • Other
    • Volunteer
    • Gay/Lesbian/Bisexual
    • Wine

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 40 %
  • Experiential Learning: 15 %
  • Lectures: 20 %
  • Simulations: 5 %
  • Team Projects: 15 %
  • Other: 5 %

• Requirements for graduation:

  • • Students are required to complete international experience
    • Students must have attended a minimum number of classes
    • Students must have earned a pre-determined GPA/Letter grade average
    • Other
  • Must enroll for six quarters of full-tuition study at the Stanford Graduate School of Business

TECHNOLOGY

• • Technology improvements in the last three academic years: Moved to Google Apps for email, calendar, and basic collaboration; adopted smartphone polling tech for immediate feedback in class; developed suite of sales management simulation tools and a situational negotiation simulation tool to educate students on the need to gather information and observe organizational behaviors when negotiating; introduced social enterprise collaboration platform.
  • Amount spent: $10,000,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 17,359
  • Active MBA alumni clubs: 59
  • Countries in which MBA clubs exist: 33
  • Living MBA alumni who gave in past year: 42 %
  • Mean gift from MBA alumni: $10,867.00
  • Median gift from MBA alumni: $300.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? Yes
  • Business School endowment: $980,700,000.00
  • Does the main university offer career placement services for alumni? Yes
  • Does the main university have an alumni networking Web site? Yes
  • University alumni networking site: https://alumni.stanford.edu
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://alumni.gsb.stanford.edu
  • Does the B-SCHOOL offer career services for alumni? Yes
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Graduates seeking full-time professional MBA employment: 72 %
  • Graduates not seeking employment: 26 %
  • Graduates for whom you have no information regarding employment: 2 %

• Annual job-searching trips that the school coordinates or participates in:

  • Destination: Finance & Investment - Los Angeles, CA
  • Month: January 2011
  • Amount Paid By School: Partial
  • Destination: High Tech - San Francisco Bay Area, CA
  • Month: March 2011
  • Amount Paid By School: Partial
  • Destination: Luxury Trek - Italy
  • Month: November 2010
  • Amount Paid By School: Partial
  • Destination: Energy - Boston, MA
  • Month: November 2010
  • Amount Paid By School: Partial
  • Destination: Arts, Media & Entertainment - Los Angeles, CA
  • Month: March 2011
  • Amount Paid By School: Partial

• Primary source of job offer:

  • School-facilitated activities: 39 %
  • Graduate-facilitated activities: 49 %
  • No information provided by graduate: 12 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 84 %
  • Received first job offer in three months following graduation: 11 %
  • Received first job offer more than 3 months after graduation: 0 %
  • Did not report having received a job offer: 5 %
  • Accepted first job offer by graduation: 76 %
  • Accepted first job offer in three months following graduation: 16 %
  • Accepted first job offer more than 3 months after graduation: 0 %
  • Did not report having accepted a job offer: 8 %
• • Job-accepting graduates who received a signing bonus: 52 %

• Base salary, signing bonuses and other compensation for most recent employed graduates:

  • Mean base salary: $127,189.00
  • Median base salary: $125,000.00
  • Mean signing bonus: $26,573.00
  • Median signing bonus: $20,000.00
  • Mean other guaranteed compensation: $75,396.00
  • Median other guaranteed compensation: $40,000.00

• Graduating students who accepted jobs in the following functional areas:

  • Consulting: 31 %
  • Finance/Accounting: 38 %
  • General Management: 8 %
  • Human Resources: 0 %
  • Marketing/Sales: 17 %
  • Management Information Systems: 0 %
  • Operations/Logistics: 2 %
  • Other: 4 %

• Graduating students who accepted jobs in the following industries:

  • Government: 0 %
  • Consulting: 27 %
  • Consumer Products: 7 %
  • Financial Services: 36 %
  • Manufacturing: 2 %
  • Media/Entertainment: 2 %
  • Non-Profit: 1 %
  • Petroleum/Energy: 2 %
  • Pharmaceutical/Biotechnology/Health Care: 4 %
  • Real Estate: 1 %
  • Technology: 13 %
  • Other: 5 %

• Graduates who accepted full-time jobs in the following regions:

  • Africa: 1 %
  • Asia: 8 %
  • Europe: 6 %
  • North America: 83 %
  • Oceania: 1 %
  • Latin America and the Caribbean: 1 %

• Within the U.S., graduates who accepted full-time jobs in the following regions:

  • Northeast: 19 %
  • Mid-Atlantic: 1 %
  • South: 6 %
  • Southwest: 2 %
  • Midwest: 6 %
  • West: 66 %
  • Possessions and territories: 0 %
• • Internships awarded that are paid: 100 %

• Weekly internship compensation:

  • Mean: $1,619.00
  • Median: $1,501.00
• • Average internship length in weeks: 10

SCHOOL COMMENTS

• • School Comments: A collaborative culture and vigorous intellectual environment supports innovative thinking and creates a transforming experience--all set in Silicon Valley. In 2011, Stanford GSB opened its $345 million Knight Management Center to support its curriculum, including critical analytical thinking seminars of just 16 students, leadership development teams, a global experience requirement, and menus of courses to fulfill foundation classes according to each person's background and experience.

• • -Stanford is superior in teaching entrepreneurship, innovation, design thinking, critical problem-solving, etc. To date, this has been recognized by the schools’ high regard in tech and start-ups. Yet, the future these skills will be required by every industry, in every knowledge worker role. Also, the schools’ mandatory global experience is essential for business leaders.
    
    -I like the customizability here, and that you are not forced to learn everything by case method. Sometimes that isn't the best way to learn. Also, the emphasis on the entire leader here is nice. You learn more than the 'core' and can really improve your leadership style. Further, the multiple levels of the core subjects make school much more engaging because you feel like you are on an even playing field with the people in you classes.
    
    -Stanford gives you an unfair advantage and exposure to the brightest innovative minds in the world. Raising capital for our startup was an amazing experience, and the Stanford platform was instrumental in helping us achieve our goal.
    
    -The GSB program is aimed at helping you develop general management skills and yet has enough depth to learn about specific functions on a meaningful level. Regardless of your career focus, the GSB program will help you develop depth and breadth.
    
    -I was nervous my learning at Stanford GSB might be limited and I would need to fill my time with start-up activity and leisure. I could not have been more wrong. The quality of the curriculum, the excellent learning, the amazing classmates, the unparalleled network, everything I have learned and done at Stanford has been totally worth the investment of time and money.
    
    -While the quality of teaching in the first year at Stanford is not excellent, I suspect this is the case at most of the top research universities. I used to gripe about this, but the second year has far exceeded my expectations. The electives at Stanford are excellent as are the extracurricular activities. I went on FIVE business school trips that opened my eyes and my network. This includes examining the coffee supply chain in Guatemala, exploring healthcare innovations at the bottom of the pyramid in India, meeting with a diversity of C-levels in luxury in Paris, and debating with activists, politicians, financiers and managers in China on energy supply and demand and the environment.
    
    -I felt the GSB taught not only how to be an effective leader, but also how to be a better person - the combination of personal and professional growth makes this an invaluable experience for anyone who is at a crossroads and considering what their next steps should be. For anyone looking for an MBA solely for career advancement, the GSB has an excellent and supportive alumni network, however, obviously, has stronger connections in some industries than in others.
    
    -The program was extremely disappointing but at the same time, people view Stanford as so elite the brand alone is worth it. Was better for me than some of my friends because of personality and geography. And frankly I doubt any of the other top programs are much (or any) better based on talking to peers. MBA is a racket, but since everyone believes in it it's a valuable way to take a quasi-vacation.
    
    -Stanford offers a very flexible program that can be tailored to your own specific needs in the second year. This is a strategic advantage from the small class size.
    
    -Overall, I have had a great experience at Stanford. The core classes disappointed me but the electives were far better than I expected. Stanford's greatest asset though has been the students. My classmates have an incredible, diverse background, seem to be very down to earth, and are very hard workers. And due to the smaller class size, it's been fairly easy to get to know many of them on a very personal level. I'm very glad I decided to go to business school and chose Stanford as my destination.