Stanford Graduate School of Business is a leading business and management institute in the world. The business school is ranked #1 in the world for its MBA program, according to QS Global MBA Rankings 2022. Along with Stanford MBA program, the institution offers 2 degree courses- Stanford MSX and PhD. Currently, Stanford GSB is home to 33% international students and 10% dual citizen.
The business school is quite stringent with its student enrollments. With an acceptance rate of 5.7% (2021), Stanford business school admissions reflects a highly competitive admission process. The application evaluation at Stanford GSB includes a comprehensive analysis of applicant profile. From academic score to student perspective, every aspect is evaluated. Applicants securing admission to the Stanford MBA have an average GPA of 3.78 (92-93%), an average GMAT score of 738 and work experience of 4.8 years. Check: Stanford GSB Class Profile
Pursuing at a course at Stanford Graduate School of Business is quite expensive. The Stanford GSB tuition fees is around 67 lakhs INR. Though Stanford GSB doesn’t offer merit-based funding, it extends need-based fellowship of more than 40,000 USD per year. Stanford GSB graduates are offered lucrative salary packages, with an average annual starting salary of 161,831 USD per annum. Students also secure a signing bonus of 29,148 USD. A total of 91% MBA graduate students received job offers within 3 months of graduation.Check: Stanford MBA Placement Report
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Stanford GSB Rankings
Stanford Graduate School of Business is ranked at #3 in Best Business Schools according to U.S. News and World Report, 2022. Following are some of the top rankings of the b-school according to various conventional ranking agencies:
- #1 in QS Global MBA Ranking, 2022
- #2 in Management by U.S. News and World Report, 2022
- #2 in Entrepreneurship by U.S. News and World Report, 2022
- #3 in Marketing by U.S. News and World Report, 2022
- #6 in Finance by U.S. News and World Report, 2022
Stanford GSB Programs
Three main degree programs are offered by Stanford GSB includes, MBA, Stanford MSx Program, and PhD. Program. The Stanford MSx Program is a full-time, one-year accelerated master’s program in business for mid-career experienced professionals at GSB.
The doctoral programs offered at Stanford GSB include but are not limited to: PhD in Accounting, PhD in Economic Analysis & Policy, PhD in Finance, PhD in Marketing. The school also offers unique courses such as the Executive program in strategy and organization, Stanford Lead Online Business Program, Design Thinking Bootcamp, etc. Other key features for Stanford GSB programs are:
- Students of Stanford MBA need to fulfill one global experience requirement as part of their program. This offers them an opportunity to spend 4 weeks (during summer) working on a project for an organization.
- Students can also take part in an academic exchange program as part of Global Experience. The exchange program will take place between Stanford GSB and the Tsinghua University School of Economics and Management.
- Stanford MBA students also have the opportunity to pursue degrees with other business schools at other universities. Some of these schools are Yale Law School, Harvard Kennedy School, Princeton School of Public and International affairs.
Stanford GSB Acceptance Rate
Stanford Graduate School of Business exhibits a stringent acceptance rate of 5.7% (2021). Currently, 35% of the students pursuing MBA in Stanford GSB belong to international origin. The enrollment information of the class of 2022 is provided below:
Program | Enrollment in 2022 | International Students in 2022 |
---|---|---|
MBA | 436 | 152 |
MSX | 57 | 38 |
PhD | 29 | 17 |
Stanford MBA Class Profile
Stanford MBA class of 2023 included students from 63 countries, representing 66 spoken languages. The average GPA of enrolled students is 3.78, with majority of them belonging to engineering background:
The average work experience for MBA enrolled students is 4.8 years. Looking for a complete MBA Class Profile of Standford, click here.
Stanford GSB Application Process
The requirements for various programs at the institute varies according to the type of program one is opting for. Applicants can check the Stanford GSB MBA class profile to gain an idea of the required standardised test scores, GPA of 3.78 (92-93%) and English proficiency scores.
Application portal and fees:
Program | Application Portal | Application Fee in USD |
---|---|---|
MBA | GSB online MBA application webpage | 275 |
MSx | GSB online MSx application webpage | 275 |
PhD | GSB online PhD application webpage | 125 |
Admission Requirements:
- Four years bachelor degree or its U.S. equivalent
- Academic transcripts
- GPA of 3.78 (92-93%)
- GMAT & GRE score
- Average GMAT: 738
- Average GRE: 165 in both verbal and quantitative
- SOP
- 2 LOR
- List of extracurricular activities and awards
- Work experience, and other personal information.
- Personal essay
- Resume or CV
- English proficiency test score (Average TOEFL: 113)
- TOEFL (iBT): 100
- IELTS: 7.0
- PTE: 68
Also check: Sample SOP for MBA in USA
Stanford GSB Cost
An estimated cost of attendance for a first-year MBA student at Stanford is tabulated below:
Expenses | Cost of Single Students | Cost of Married Students |
---|---|---|
Tuition | 59.7 lakhs INR | 59.7 lakhs INR |
Books and supplies | 1.36 lakhs INR | 1.36 lakhs INR |
Materials and program fees | 0.69 lakhs INR | 0.69 lakhs INR |
Transportation | 0.85 lakhs INR | 1.87 lakhs INR |
Living costs | 28.09 lakhs INR | 47.83 lakhs INR |
Medical Insurance | 5.25 lakhs INR | 5.25 lakhs INR |
Health fee | 0.56 lakhs INR | 0.56 lakhs INR |
Note: Students may also need the Global Experience Requirement (GER) expenses of 3000-4000 USD.
Stanford GSB Campus
Stanford Graduate School of Business is cited within the Knight Management Center, which is located within the greater Stanford campus.
- There are 10 main buildings inside the Knight Management Center that serve the school’s structural purposes.
- The institute incorporates the LEED Platinum-certified complex which offers classrooms, cafes, meeting places, student services, the Stanford Venture Studio for aspiring entrepreneurs, managers, and much more.
- Stanford Graduate School of Business campus also provides more than 50 student clubs and organizations for its students to be part of and participate in.
Stanford GSB Accommodations
Stanford GSB offers 5 on-campus residential facilities, 2 off-campus housing and living community rooms. The features of the accommodation facilities include a queen bed or single bed, desk and chair, dresser, mirror, nightstand, and bookcase. Living room features include; a coffee table, sofa, two chairs, and two to four dining chairs.
- House types range from a single room to 1-, 2- 3-, and 4- bedroom flats, condos, suites, and apartments.
- Houses are available for single and married students. Adequate housing provisions are made for LGBTQ students at the institute
- Students with disabilities can apply for special housing at the school.
- The approximate monthly rate for single student residence facilities at Stanford GSB is around 2,000 USD (~1.49 lakhs INR).
One can also consider private off-campus student housing options.
Following are some of the on-campus housing options for Stanford GSB students and their cost range:
Residence Type | Cost in INR |
---|---|
Escondido Village (Single, couple and students with children) | 1 to 2.45 lakhs |
Munger Graduate Residence (Single and couple without children) | 1.61 to 2.66 lakhs |
Lyman Graduate Residences (Single) | 1.15 lakhs |
Liliore Green Rains Housing (Single) | 1.14 to 1.15 lakhs |
Subsidized Off Campus Apartment | 1.15 lakhs |
Note: Students can also live in Stanford GSB Residences and various community housing.
Stanford GSB Scholarships
Stanford Graduate School of Business offers financial aid to both domestic and international students through a combination of scholarships, loans, and fellowships. However, fellowships are offered only to students with demonstrated financial need. Types of scholarships for international students in USA available at the school are as follows:
Scholarship Name | Amount Awarded in USD |
---|---|
Stanford GSB Need-based Fellowships | 42,000 per year, 84,000 in total |
Stanford GSB BOLD Fellows Fund | 15,000 per year, 30,000 per fellow |
Stanford Knight Hennessy Scholars Program | Variable funding for up to 3 years |
Stanford Impact Founder Fellowships and Prizes (Formerly Social Innovation Fellowship) | 110,000 |
Social Management Immersion Fellowship (Summer stipend) | Variable |
Entrepreneurial Summer Program | Variable |
Apart from the ones mentioned here, prospective candidates can also look for other external scholarships for international students in USA. Students can otherwise avail private loans from their home country to secure a good interest rate.
Stanford GSB Alumni Network
Alumni benefits include Special discounted access to Stanford pools and gyms. 15% discount on open-enrollment programs excluding the Stanford Executive Program. Unique alumni access to the private Stanford Golf Course. They are also offered access to 15% discount per class on Stanford Continuing Studies courses
Notable alumni of Stanford GSB Include:
- Jane Chen: Co-Founder of Embrace
- Peter Fenton: General Partner, Benchmark
- Koo Kwang-Mo: Chairman and C.E.O of LG
Stanford GSB Placements
As per the Stanford MBA Employment Report, 91% of graduates received job offers and 85% accepted the offers within three months post-graduation. Apart from that, 18% of the MBA students also managed to successfully launch their own ventures. Given below are a few stats about Stanford GSB entrepreneurship achievements:
72% of the Stanford GSB MBA batch of 2021 secured employment by the time of graduation. Around 91% of students accepted jobs by 3 months after graduation. The salary of these students range between 58,000 up to 300,000 USD per annum. Graduates recorded an average salary of 161,831 USD per annum with a signing bonus of 29,148 USD per annum. Following are the employment details of Stanford GSB MBA graduates according to industry:
Industry | Median Base Salary in USD | Median Expected Bonus in USD | Median Signing Bonus in USD |
---|---|---|---|
Consulting | 165,000 | 33,000 | 30,000 |
Finance | 175,000 | 100,000 | 28,865 |
Healthcare | 150,000 | 26,000 | 17,500 |
Media/Entertainment | 140,000 | - | - |
Technology | 150,000 | 19,600 | 25,000 |
Explore: MBA jobs in USA
At Stanford Graduate School of Business, students learn from a faculty, who are recognised experts in the global business community. Apart from that, small class sizes at Stanford facilitate one to one learning, small group collaboration and peer interaction. With a hard-earned global reputation, Stanford Graduate School of Business offers unparalleled learning as well as career development opportunities to students. This enables graduates to make a positive difference in the world by opting for a career of their choice.
FAQs
Ques. Is Stanford GSB worth studying?
Ans. Stanford GSB is one of the top 3 b-schools in the world according to various ranking agencies. After graduation, students get employment opportunities with an average salary of 161,831 USD per year. The university carries a history of several ventures by graduates booming rapidly across the international market.
Ques. What is the GPA required for Stanford GSB admission?
Ans. Students need a GPA of 3.78 on a 4.0 (92-93%) scale for admission to Stanford GSB.
Ques. Does Stanford GSB offer placement opportunities?
Ans. Yes, Stanford GSB offers various placement opportunities to its students. 72% students of Stanford Graduate School of Business secure employment by the time of graduation. 91% students of the class of 2021 got employed 3 months after graduation.
Ques. Are Stanford GSB MBA and MSX STEM programs?
Ans. Stanford GSB MBA and MSX are crowned with the STEM designation.
Ques. What is the average salary of Stanford MBA graduate?
Ans. The average salary of Stanford GSB graduates is 161,831 USD per annum. Graduates also secure a signing bonus of 29,148 USD per annum.
Ques. What are the average GMAT and GRE scores at Stanford Graduate School of Business?
Ans. The average GMAT score of Stanford GSB students is 738. The average GRE score in both verbal and quantitative is 165.
Stanford Graduate School of Business Program Fees & Deadlines
Program | Important Dates | Fees | Exams Score | Application Fees | Eligibility | Financial Aid | Action |
---|---|---|---|---|---|---|---|
M.S Zoology 2 years | winter (14th Aug 2018) | USD 76,950/Yr USD 76,950 /Yr |
| - | - | - | |
M.S Computer Science 2 years | Application Deadline For Autumn Intake (6th Dec 2023) | USD 77,148/Yr USD 77,148 /Yr |
| - | - | - | |
Application Deadline For Autumn Intake (1st Dec 2023) | USD 54,315/Yr USD 54,315 /Yr |
| - | - | - | ||
B.S Computer Science 4 years | Early Action Application And Documents Submission Deadline (1st Nov 2023) Early Action Decision Deadline (15th Dec 2023) Regular Decision Application And Documents Submission Deadline (5th Jan 2024) Regular Action Decision Deadline (1st Apr 2024) | USD 88,320/Yr USD 88,320 /Yr |
| - | - | - | |
B.A Psychology 4 years | Early Action Application And Documents Submission Deadline (1st Nov 2023) Early Action Decision Deadline (15th Dec 2023) Regular Decision Application And Documents Submission Deadline (5th Jan 2024) Regular Action Decision Deadline (1st Apr 2024) | USD 73,964/Yr USD 73,964 /Yr |
| - | - | - | |
Early Action Application And Documents Submission Deadline (1st Nov 2023) Early Action Decision Deadline (15th Dec 2023) Regular Decision Application And Documents Submission Deadline (5th Jan 2024) Regular Action Decision Deadline (1st Apr 2024) | USD 70,476/Yr USD 70,476 /Yr |
| - | - | - |
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Master of Science [M.S] Zoology
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Doctor of Philosophy [Ph.D] Marketing
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Stanford Graduate School of Business Scholarships
Name | Scholarship Per Student | Level of Study | Type | |
---|---|---|---|---|
Stanford Reliance Dhirubhai Fellowship Program | Scholarship per student$150,000 | Level Of StudyBachelor | TypeCollege-Specific | |
QS Leadership Scholarship | Scholarship per student$10,000 | Level Of StudyMaster | TypeMerit-Based | |
Chuan Ai Lu Engstrom Memorial Scholarship | Scholarship per student$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
KC Mahindra Scholarship | Scholarship per student$5,542 | Level Of StudyMaster | TypeMerit-Based | |
ASID Foundation Legacy Scholarships | Scholarship per student$4,000 | Level Of StudyBachelor | TypeMerit-Based | |
Joint Japan/World Bank Graduate Scholarship Program | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based |
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Stanford Graduate School of Business Admissions
Application Portal: https://www.gsb.stanford.edu/programs/mba/admission
Round 1 Deadlines
Important Date: September15 (Application deadline)Round 2 Deadlines
Important Date: January6 (Application deadline)Round 3 Deadlines
Important Date: April6 (Application deadline)
Attendance Cost
The table shows average yearly cost of attendance for international students. Amount may vary with the course opted, nature of accommodation, and personal spending habits of a candidate.Check Program wise Fees
Stanford Graduate School of Business Campus Location
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