Stanford Graduate School of Business Programs

The Stanford Graduate School of Business, known also as Stanford GSB or the GSB) is Stanford University’s graduate business school that is located in Stanford, California. It admits only about 6% of applicants.

In the greater Stanford campus is the Knight Management Center, which comprises ten buildings such as the North Building, Zambrano Hall, the Gunn Building, Arbuckle Dining Pavilion, the Faculty Buildings (comprising East and West buildings), the McClelland Building, Bass Center, the Patterson Building, and the MBA Class of 1968 Building.

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According to QS Global MBA Rankings 2022, the GSB is ranked #1 globally for its MBA program. Besides the Stanford MBA program, Stanford GSB offers two other degree courses- Stanford MSX and PhD. At present, Stanford GSB houses 33% foreign nationals and 10% who hold dual citizenship.

The Stanford GSB admits students selectively by evaluating applications through a candidate profile’s comprehensive analysis. Apart from educational grades, other aspects of students are assessed. To gain admission to the MBA program, aspiring candidates must get an average GPA of 3.78, equivalent to 92% to 93% in their qualifying exam, a mean score of 740 on the GMAT, and have a work experience of a minimum of 4.8 years.

At Stanford Graduate School of Business, pursuing an MBA course is more expensive compared to the ones offered at other B-schools. The tuition fee of the GSB is around $84,231. There are no GSB scholarships that are merit-based aid, but it extends fellowship that is need-based of over $40,000 per year. Graduates of Stanford GSB are offered attractive pay packages, with an average yearly starting salary of $161,831 per year. These MBA students also obtain a signing bonus of $29,150. About 90% of the MBA graduate students of the GSB get job offers within three months of passing out.

Rankings of the Stanford Gsb

As per US News and World Report 2022, Stanford GSB is ranked #3 in the Best Business Schools and ranked #1 in QS Global MBA Ranking 2022.

Programs Offered by the Stanford Gsb

The three major degree programs that Stanford GSB offers MBA, MSx, and PhD programs. The MSx Program of GSB is a full-time, one-year fast-tracked business master’s program for experienced professionals in their mid-career.

The doctoral programs that Stanford GSB offers include PhD in Economic Analysis & Policy, PhD in Finance, PhD in Marketing, and PhD in Accounting. The GSB also offers specialized courses such as Stanford Lead Online Business Program, the Executive program in strategy and organization, and Design Thinking Bootcamp, among others. Other key facets of Stanford GSB programs include:

• Stanford MBA students need to have one global experience in their program. Students must spend four weeks (during the summer) working in an organization on a project.
• As part of Global Experience, they are also allowed to participate in an academic exchange program. The exchange program happens between the GSB and the Tsinghua University School of Economics and Management.
• MBA students of the GSB are also allowed to pursue education at other business schools of other universities, such as Harvard Kennedy School, Princeton School of Public and International affairs, and Yale Law School.

Acceptance Rate at the Stanford Gsb

As of now, 33% of the students who are pursuing an MBA in the GSB are foreign nationals. The admission information of the 2022 class is as follows:

Program	Registration (2022)	Foreign Students (2022)
MBA	436	152
MSX	57	38
PhD	29	17

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Class Profile of the Stanford MBA

Stanford MBA class of 2023 has foreign students who belong to 63 countries. The mean GPA of admitted students is 3.78, with most of them hailing from engineering education:

The average work experience of these students was 4.8 years.

Application Process at the Stanford Gsb

The requirements for different programs at the GSB differ as per the program type a student is picking. Future applicants can check the MBA class summary of the Stanford GSB to know the required test scores in qualifying exams, a GPA of 3.78, an equivalent of 92% to 93%, and proficiency scores in the English language.

The application portal and fees:

Course	Application Website	Application Fee (USD)
MBA	Webpage of the GSB online MBA application	275
MSx	Webpage of the GSB online MSx application	275
PhD	Webpage of the GSB online PhD application	125

Requirements for Admission:

• Four years bachelor’s degree or its equivalent in the United States
• Educational transcripts
• GPA of 3.78, equivalent to 92% to 93%
• GMAT/GRE score

• • The average score on GMAT is 740
  • The average score on GRE is 165 in verbal and also in numerical components
• Statement of purpose (SOP)
• Two letters of recommendation (LORs)
• List of extracurricular events and awards
• Work experience
• Other personal information.
• Résumé/CV
• Proficiency test score in the English language:
  • TOEFL (iBT): 100
  • IELTS: 7.0
  • PTE: 68
  • (Average TOEFL: 113)

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Cost of Stanford Gsb’s MBA Program’s First Year

The expected attendance cost at Stanford for a first-year MBA student is as follows:

Expenses	Cost per Student (USD)	Cost per Married Student (USD)
Tuition	74,986	74,986
Books and supplies	1,708	1,708
Materials and program fees	867	867
Transportation	1,067	2,349
Living costs	35,282	60,077
Medical Insurance	6,594	6,594
Health fee	703	703

 

Note: Students may also require bearing the Global Experience Requirement (GER) expenses amounting to $3000 to $4000.

Campuses at the Stanford Gsb

The GSB is cited inside the Knight Management Center, which is situated within the greater campus of Stanford.

• There are 10 main buildings within the Knight Management Center that serve the structural purposes of the school.
• Included in it is the LEED Platinum-certified complex where on offer are cafes, classrooms, student services, meeting places, and the Stanford Venture Studio for wannabe entrepreneurs, managers, and more.
• The GSB campus also provides over 50 student clubs and organizations for its students to be part of and take part in.

Accommodations at the Stanford Gsb

Stanford GSB offers five on-campus residential amenities, two off-campus housing, and living community rooms. The accommodation facilities consist of a queen bed or single bed, desk and chair, mirror, nightstand, dresser, and bookcase. Living room highlights include; a sofa, coffee table, two to four dining chairs, and two chairs.

• House types range from single room to two, three, and four-bedroom flats, apartments, condominiums, and suites.
• Accommodations are made available for single and married students. At the institute, sufficient housing requirements are available for LGBTQ students.
• Students who are differently abled are allowed to apply for special housing facilities at the school.
• The estimated monthly price for single student accommodation facilities at Stanford GSB is about $2,000.

One can also contemplate opting for private off-campus student housing.

Some of the on-campus housing selections for Stanford GSB students and their cost range are as follows:

Residence Type	Cost (GBP)
Escondido Village (Single, couple and students with children)	1,256 to 3,077
Munger Graduate Residence (Single and couple without children)	2,022 to 3,341
Lyman Graduate Residences (Single)	1,444
Liliore Green Rains Housing (Single)	1,432 to 1,444
Subsidized Off Campus Apartment	1,444

 

Note: Students are also allowed to reside in residences of Stanford GSB and various community housing.

Scholarships Provided by the Stanford Gsb

The Stanford GSB offers economic aid to both local and international students through a mix of scholarships, fellowships, and loans. Fellowships are, however, provided only to students with the proven financial requirement. Types of scholarships for foreign students in the US that are made available at the school are as follows:

Name of Scholarship	Amount (USD)
Stanford GSB Need-based Fellowships	42,000 per year, 84,000 in total
Stanford GSB BOLD Fellows Fund	15,000 per annum, 30,000 per fellow
Stanford Knight Hennessy Scholars Program	Variable funding for up to three years
Stanford Impact Founder Fellowships and Prizes (Formerly Social Innovation Fellowship)	110,000
Social Management Immersion Fellowship (Summer stipend)	Variable
Entrepreneurial Summer Program	Variable

Besides the ones mentioned, possible candidates can also seek other external scholarships for foreign students in the USA. Students can opt for private loans from their native countries to secure a reasonable interest rate.

Alumni Network at the Stanford Gsb

Benefits for the Alumni include special discounted access to pools and gyms of the GSB, which is a 15% discount on open-enrolment programs, without the Stanford Executive Program. Exclusive access to alumni is provided at the private Stanford Golf Course. They are also given a 15% discount per class on Stanford Continuing Studies courses.

Placements at the Stanford Gsb

As per the Stanford MBA Employment Report, more than 90% of MBA graduates obtained job offers, with 85% of them accepting the offers within three months of graduation. In addition, 18% of the students also managed to float their own ventures. Here are a few statistics about the GSB’s entrepreneurial attainments:

The job details of the GSB MBA graduates are as follows:

Vertical	Median Salary (USD)
Consulting	165,000
Finance	175,000
Healthcare	150,000
Media/Entertainment	140,000
Technology	150,000

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