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Stanford Graduate School of Business

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Stanford GSB

Stanford GSB Logo.


Mission To create ideas that deepen and enhance our understanding of management and to develop innovative, principled, and insightful leaders who change the world
Established 1925
Official name Stanford Graduate School of Business
University Stanford University
School type Private
Dean Robert L. Joss
Location Stanford, CA, USA
Enrollment 904 (all graduate)
Stanford Seal

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

The Stanford Graduate School of Business offers a general management MBA degree and thus does not offer degrees in specialized areas such as finance or marketing, although it does offer certificate programs in public management and global management. The school also offers the Sloan Program, a one-year MS in Management for accomplished mid-career executives, and a Ph.D. program. The school also offers a number of dual degrees jointly with other schools at Stanford University including Education, Engineering, Law and Medicine.

Contents

Background

The school was founded in 1925. There are three Nobel Prize winners on the faculty, and it has 15 members of the American Academy of Arts and Sciences, and three members of the National Academy of Sciences. Its faculty members maintain several joint appointments with affiliated research centers, most notably with the Hoover Institution on War, Revolution and Peace (also located on the Stanford campus). The GSB maintains very close links with the venture capital, finance and technology firms of nearby Silicon Valley.

The school operates with an annual budget of $110 million, and is the second wealthiest business school in the nation with an estimated endowment of over $750 million, roughly tied with Harvard Business School in per capita endowment. There are 23,759 total alumni, including 15,485 alumni of the MBA program.

Rankings

Approaching the Memorial Church from Palm Drive.
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Approaching the Memorial Church from Palm Drive.

Stanford Business School is widely regarded as one of the premier schools of business in the world. A large part of its reputation can be attributed to the scope of the school's research endeavors, it's role in the development of Silicon Valley's leading businesses, and the prominence of its alumni in many leading ventures. The school was ranked #2 in the nation by U.S. News and World Report in 2006, having spent most of the late 1990's and early 2000's at #1. BusinessWeek magazine, which publishes its rankings every two years, currently ranks Stanford fourth. The Wall Street Journal, by contrast, ranked the Stanford MBA program at #39. In its biennial report "Beyond Grey Pinstripes", the World Resources Institute, and the Aspen Institute identified the Stanford Graduate School of Business as the leader among business schools that are incorporating academic content involving ethics, corporate social responsibility, and environmental sustainability into their curriculums and activities. The ranking was based on an extensive survey in which schools were asked to describe cases, research, and course content that address these issues.

Admissions Statistics and Student Profile

Arial view of the Main Quad.
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Arial view of the Main Quad.

The school has historically been the most selective business school in the country. It has maintained the highest ratio of "applicants to available seats" of any business school for the last decade. It has also had the lowest acceptance rates (typically <10%) of any major business school in the world, with the exception of the Indian Institutes of Management. In a deeply pragmatic process, the school has long enjoyed the privilege of assembling a high concentration of top applicants into its relatively small and personal class size. For the class which entered in 2005, approximately 8% of applicants were offered admission.

The school has approximately 370 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 32% female, 25% ethnic minorities and 39% international. Among these are Fulbright scholars and Coro, Gardner, Rhodes, Rotary, and Truman fellows. Approximately 10% of the class entered the MBA program with other graduate or professional degrees; including medical doctors, lawyers, and Ph.Ds.

Unique Curriculum

In June, 2006, the school announced a dramatic change to its curriculum model. The new model, dubbed "The Flexible MBA Program" 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 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.

Organizational relationships

Quad interior.
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Quad interior.

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. Recently, the school entered into an exchange program with Tsinghua University.

Prominent alumni

See also

References

  1. ↑  Leonhardt, David (2000) "California Dreamin'". The New York Times, June 18, 2000 p. BU1. (HBS/Stanford rivalry analyzed)

External links

 

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