| Stanford Graduate School of Business | |
|---|---|
| Established | 1925 |
| Type | Private |
| Endowment | $825 million[1] |
| Dean | Garth Saloner (since 2009)[2] |
| Postgraduates | 799 MBAs, 57 Sloan Fellows[2] |
| Doctoral students | 101 PhDs in residence[2] |
| Other students | 2,284 (executive education)[2] |
| Location | Stanford, California, USA |
| Mission | To create ideas that deepen and enhance our understanding of management and to develop innovative, principled, and insightful leaders who change the world.[3] |
| Nickname | Stanford GSB |
| Website | gsb.stanford.edu |
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 and is broadly regarded as one of the best business schools in the world.
The Stanford GSB offers a general management Master of Business Administration (MBA) degree, the Sloan Master's Program (which is a full-time ten-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. The school is the #1 ranked business school in the United States by U.S. News & World Report.[4]
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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.[5] 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.[2] 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.
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 $825 million (as of August 31, 2010), roughly tied with Harvard Business School in per capita endowment. 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 relatively small alumni base.
In August 2006, the school announced what is believed to be the second 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 eight buildings at the Knight Management Center: the Gunn Building, Zambrano Hall, North Building, Bass Center, the Faculty Building (West and East), the Serra East Building, the MBA Class of 1968 Building, and the McClelland Building.
| School rankings (overall) | |
|---|---|
| U.S. MBA | |
| Bloomberg BusinessWeek[7] | 5 |
| Forbes[8] | 1 |
| U.S. News & World Report[9] | 1 |
| Worldwide MBA | |
| América Economía[10] | 8 |
| Business Insider[11] | 2 |
| CNN Expansion[12] | 2 |
| Economist[13] | 7 |
| Financial Times[14] | 4 |
Stanford's MBA program was ranked 1st in the United States by U.S. News & World Report in 2011,[4] 3rd among US schools (and 4th in the world) in the 2011 Financial Times Global MBA Rankings,[15] and 5th in the Bloomberg Businessweek business school rankings in 2010.[16] Forbes ranked Stanford Business School 1st in its sixth biennial ranking of business schools in 2009. The Economist ranked Stanford 4th in its 2008 business school ranking.[17] The MBA program at Stanford also ranked 1st in the latest Los Mejores MBA Globales published by CNN Expansion (2008).[18] In the 2010 QS Global 200 Business Schools Report, Stanford Business School was ranked 4th in North America.[19]
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.[20]
The Stanford Graduate School of Business is the most selective business school in the world. 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 <10%) of any major business school in the world. For the Class of 2012 which entered in 2010, 6.8% of applicants were offered admission.[21]
The school has approximately 380 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 39% female, 23% ethnic minorities and 37% 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.
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.
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. It is also a member of the Global Business School Network, which connects it to over 30 other business schools internationally.
The Stanford Business School 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.
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