Stanford Graduate School of Business (GSB) is a renowned business school located in Stanford, California, USA. Established in 1925, the school offers a world-class education to its students and has consistently ranked among the top business schools globally. The minimum IELTS score accepted by the university for admission is 7.0. The MBA program at Stanford GSB ranks first in the Financial Times Global MBA Ranking 2022. The annual tuition fee for the Stanford Graduate School of Business MBA program is USD 79,860 (INR 66,39,516). The school offers financial assistance in the form of need-based scholarships and fellowships. Stanford GSB provides access to excellent faculty, research opportunities, a diverse student body, and a strong alumni network. Graduates secure top positions in companies such as Amazon, McKinsey, and Google. Median salary of 2021-2022 Stanford Graduate School of Business MBA student was USD 1,75,000 (INR 1,45,49,403)
Stanford Graduate School of Business World Ranking and Overview
Stanford Graduate School of Business is one of the top ranking private university in USA. Candidates fulfilling Stanford Graduate School of Business admission requirements should check the below listed ranks:
- 6th in US News Business School Program Rankings 2023-2024
- #7 in QS International Trade Ranking 2023
- #3rd in Financial Times Alumni Network Rank
- #8th in The Economist Ranking
Stanford Graduate School of Business Acceptance Rate
Stanford Graduate School of Business acceptance rate is around 6%. The below-mentioned bar chart shows Stanford Graduate School of Business admission statistics:
Courses Offered by Stanford Graduate School of Business
Stanford Graduate School of Business offers a variety of degree programs, including a full-time MBA, a part-time MBA, an Executive MBA, and a PhD program. The school also offers several executive education programs and certificates in areas such as leadership, innovation, and entrepreneurship. Additionally, Stanford GSB provides opportunities for students to pursue joint and dual degree programs with other schools at Stanford University.
Stanford Graduate School of Business Fees
The table below provides degree Stanford Graduate School of Business programs and the total annual fees required to enroll for the courses:
| Programs | Approximate Annual Fees |
|---|---|
| Full-time MBA | USD 79,860 (INR 66,39,516) |
| MSx Accounting | USD 1,38,640 (INR 1,15,26,453) |
| MSx Marketing | USD 1,38,640 (INR 1,15,26,453) |
Note: USD 1= INR 83.14, as on 21st September, 2023
Stanford Graduate School of Business Application Deadline
Candidates meeting requirements for MBA in USA at Stanford Graduate School of Business should fill the application form before deadline. Stanford Graduate School of Business application deadline 2023-2024 for MBA program is tabulated below:
| Application Round | Deadline Date for Submission |
|---|---|
| Round 1 | 12 Sep 2023 |
| Round 2 | 04 Jan 2024 |
| Round 3 | 09 Apr 2024 |
Stanford Graduate School of Business Admissions Requirements
Students should fulfill Stanford Graduate School of Business MBA requirements to secure admission. The admission process for Stanford Graduate School of Business includes the following requirements:
Stanford Graduate School of Business MSx Admissions Details:
- Academic transcripts
- Professional work experience
- 2 LORs from working professionals
- 2 Essays (1,050 words total)
- Interview process
- IELTS scores or TOEFL scores
- Application fee of USD 275 (INR 22,863)
Stanford Graduate School of Business MBA Admission Requirements:
- Undergraduate transcripts
- 2 Essays (1,050 words total)
- GMAT or GRE scores (optional)
- Professional work experience
- TOEFL or IELTS scores
- 2 LORs
- Short Answer Question (optional)
- Stanford Graduate School of Business MBA application fee: USD 275 (INR 22,863)
Stanford Graduate School of Business PhD Admissions Requirements:
- GMAT or GRE scores
- Updated CV
- SOP
- 3 LORs
- Official transcripts
- IELTS or TOEFL scores
- Stanford Graduate School of Business PhD application fee: USD 125 (INR 10,392)
Note: USD 1= INR 83.14, as on 21st September, 2023
Scores Accepted by Stanford Graduate School of Business
Stanford Graduate School of Business MBA eligibility requirement is given below:
| Exam | Minimum Score Required |
|---|---|
| TOEFL iBT | 100 |
| IELTS Academic | 7.0 |
| PTE Academic | 68 |
Stanford Graduate School of Business Cost of Attendance
Stanford Graduate School of Business estimated cost of living in USA for first year MBA students 2023-2024 batch is tabulated below:
| Fees | Single Student | Married Student |
|---|---|---|
| Tuition | USD 79,860 (INR 66,39,516) | USD 79,860 (INR 66,39,516) |
| Living Expenses | USD 18,453 (INR 15,34,172) | USD 34,200 (INR 28,43,369) |
| Housing | USD 20,271 (INR 16,85,319) | USD 30,216 (INR 25,12,141) |
| Medical Insurance | USD 7,128 (INR 5,92,618) | USD 7,128 (INR 5,92,618) |
| Health Fee | USD 753 (INR 62,604) | USD 753 (INR 62,604) |
| Total | USD 1,26,465 (INR 1,05,14,230) | USD 1,52,157 (INR 1,26,50,249) |
Note: USD 1= INR 83.14, as on 21st September, 2023
Stanford Graduate School of Business Class Profile
Stanford Graduate School of Business Class Profile MBA for year 2024 is tabulated below:
| Particulars | Class Profile |
|---|---|
| Total Applicants | 6,152 |
| Percentage of international students | 37% |
| Percentage of female students | 44% |
| Average GPA | 3.76 |
| Percentage of students holding advanced degree | 13% |
| Average work experience | 4.9 years |
| Percentage of students who submitted GMAT scores | 67% |
| Percentage of students who submitted GRE scores | 33% |
| Average GRE scores in Verbal Section | 164 |
| Average GRE scores in Quantitative Section | 163 |
| Average GMAT score | 737 |
| Percentage of students with consulting experience | 20% |
| Percentage of students with investment experience | 20% |
| Percentage of students with experience in technological field | 15% |
| Percentage of students with experience in government/education field | 8% |
| Percentage of students with experience in consumer products and services field | 7% |
| Percentage of students with undergraduate degree in Engineering | 24% |
| Percentage of students with undergraduate degree in Social Sciences | 20% |
| Percentage of students with undergraduate degree in Economics | 21% |
| Percentage of students with undergraduate degree in Business/Commerce | 19% |
| Percentage of students with undergraduate degree in Humanities/Arts | 6% |
| Percentage of students with undergraduate degree in Social Sciences | 20% |
| Percentage of students with undergraduate degree in Maths / Sciences | 9% |
Scholarships Offered by Stanford Graduate School of Business
Stanford Graduate School of Business does not offer scholarships to MBA students based on merit or need. However, there are a limited number of fellowships and assistantships available for students who demonstrate exceptional academic and professional achievements. These awards cover tuition and a stipend to help with living expenses. Fellowship and assistantship applications are typically due at the same time as the MBA application. Additionally, students can apply for external scholarships and education loans to study in USA.
Stanford Graduate School of Business Notable Alumni
Many famous personalities have studied at Stanford Graduate School of Business, a top university in USA. Stanford Graduate School of Business notable alumni are listed below:
- Drew Carey: Comedian, actor, and game show host
- Archie Griffin: Former NFL player and two-time Heisman Trophy winner
- Dolores Huerta: Labor leader and civil rights activist
- Michael Keaton: Actor and film producer
- Josh Cribbs: Former NFL player and three-time Pro Bowl selection
While there are around 8,648 full-time male students at Stanford, there are roughly 7,305 full-time female students. According to this data, men make up 49% of Stanford's undergraduate students while women make up 51%.
Stanford Graduate School of Business Placement
Stanford Graduate School of Business salary varies as per the functions. Stanford Graduate School of Business graduates get high paying MBA jobs in USA and perform consulting, finance, marketing, sales, and other functions. Stanford Graduate School of Business average package for 2021-2022 MBA students is mentioned in the below table:
Note: USD 1= INR 83.14, as on 21st September, 2023
Stanford Graduate School of Business vs Harvard Business School vs Wharton School vs MIT Sloan
Stanford Graduate School of Business vs Harvard Business School vs Wharton School vs MIT Sloan comparison is tabulated below:
| Particulars | Stanford Graduate School of Business | Harvard Business School | Wharton School | MIT Sloan |
|---|---|---|---|---|
| Ranking | 6th in US News Business School Program Rankings 2023-2024 | 5th in US News Business School Program Rankings 2023-2024 | 3rd in US News Business School Program Rankings 2023-2024 | 4th in US News Business School Program Rankings 2023-202 |
| Acceptance Rate | 6% | 21% | 3% | 4% |
| Score Requirements | IELTS: 7.0 TOEFL: 100 |
IELTS: 7.0 |
IELTS: 7.0 TOEFL: 100 |
IELTS: 7.0 TOEFL: 100 |
| Tuition Fees | USD 79,860 (INR 66,39,516)-USD 1,38,640 (INR 1,15,26,453) | USD 80,342 (INR 66,82,724) | USD 1,24,476 (INR 103,53,721) | USD 82,000 (INR 68,20633) |
| Average Annual Salary | USD 1,75,000 (INR 1,45,49,403) | USD 1,75,000 (INR 1,45,49,403) | USD 1,75,000 (INR 1,45,49,403) | USD 1,65,000 (INR 1,37,18,009) |
| Top Recruiters | McKinsey & Company, Cisco, Citicorp |
Amazon, NVIDIA, Goldman Sachs |
IBM, Oracle, Zoom |
Otter, NVIDIA Corporation, Meta |
Note: USD 1= INR 83.14, as on 21st September, 2023
The investigation reveals that Stanford Graduate School of Business is a top-ranked and fiercely competitive business school that offers a variety of graduate programmes, including the MBA, MSx, and PhD. The curriculum places a strong emphasis on a hands-on, experiential approach to learning, and the faculty is made up of eminent academics and business professionals. Modern technology, research facilities, and a strong alumni network are just a few of the tools available to students.
FAQs
Ques: Is Stanford MBA prestigious?
Ans: Yes,Stanford MBA is prestigious.
Ques: Is Stanford MBA better than IIM?
Ans: Yes, Stanford MBA is better than IIM MBA.
Ques: Who is a notable alumni of Stanford Graduate School of Business from India?
Ans: Mukesh Ambani is a notable alumni of Stanford Graduate School of Business from India.
Ques: Does Stanford accept Indian students?
Ans: Yes, Stanford accepts Indian students.
Ques: Is Stanford MBA hard to get into?
Ans: Yes, it is hard to get into Stanford for MBA, as the acceptance rate is 6%.
Ques: How much does Stanford MBA cost?
Ans: The annual tuition fee for the Stanford Graduate School of Business MBA program is USD 79,860 (INR 66,39,516).
Ques: Does Stanford offer a 1 year MBA?
Ans: Yes, Stanford offers a 1 year MSx program.
Ques: Is Stanford MBA valuable in India?
Ans: Yes, Stanford is MBA valuable in India.
Ques: How much is a Stanford Graduate School of Business MBA application fee?
Ans: Stanford Graduate School of Business MBA application fee is 275 (INR 22,863).
Ques: Is it hard to get into Stanford GSB?
Ans: Yes, it is hard to get into Stanford GSB.
