Stanford Graduate School of Business
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The Stanford Graduate School of Business is the graduate business school of Stanford University, a private research university in Stanford, California. For several years it has been the most selective business school in the United States,<ref>Template:Cite web</ref> admitting only about 6% of applicants.<ref>Template:Cite web</ref>
Stanford GSB offers a general management Master of Business Administration (MBA) degree, the MSx Program (MS in Management for mid-career executives), Stanford LEAD Online Business Program and a PhD program, along with joint degrees with other schools at Stanford, including Earth Sciences, Education, Engineering, Law, and Medicine.
History
The school was founded in 1925 when trustee Herbert Hoover formed a committee consisting of Wallace Alexander, George Rolph, Paul Shoup, Thomas Gregory, and Milton Esberg to secure the needed funds for the school's founding.<ref>Stanford University 1916–1941, pg 79–80. J. Pearce Mitchell, 1958</ref> Willard Hotchkiss became the first dean of Stanford GSB.
The library was formally inaugurated on April 3, 1933. The collection was established with 1,000 volumes and assorted reports.<ref>Stanford GSB History of the library gsb.stanford.edu</ref> The school moved from Jordan Hall to new quarters in the History Corner of the Main Quad in 1937.<ref>Stanford GSB Our History gsb.stanford.edu</ref>
Jonathan Levin was appointed as the 10th dean of the school in September 2016.<ref>Template:Cite press release</ref> Levin became the 13th president of Stanford University on August 1, 2024.<ref>Template:Cite news</ref> Sarah Soule was appointed the new dean of the business school in January 2025.<ref name="Stanford University">Template:Cite news</ref>
Campus
The Knight Management Center is situated within the greater Stanford campus. There are ten buildings at the Knight Management Center: the Gunn Building, Zambrano Hall, North Building, Arbuckle Dining Pavilion, Bass Center, the Faculty Buildings (comprising East and West buildings), the Patterson Building, the MBA Class of 1968 Building, and the McClelland Building.
The Schwab Residential Center was designed by Mexican architect Ricardo Legorreta. The 158,000 square-foot facility consists of 280 guest rooms. Jack McDonald Hall, located adjacent to Schwab, opened in 2016 as an additional residence for MBA students with over 200 guest rooms.
There are three main art installations on campus, including Monument to Change as it Changes, Monument to the Unknown Variables, and Ways to Change.<ref>Template:Cite web</ref>
Stanford GSB maintains very close links with the venture capital, finance and technology firms of nearby Silicon Valley.<ref>Template:Cite book</ref>
Academics
Stanford GSB offers a traditional Master of Business Administration (MBA) program typically completed in two years, a Master of Science ("MSx program") typically completed in one year, and a doctoral (PhD) program.<ref>Template:Cite web</ref><ref name="stanford-msx-class2018"> Template:Cite web</ref> Stanford GSB also provides entrepreneurship support through initiatives such as the Stanford Venture Studio, which offers resources and advising for students developing new ventures.<ref>Template:Cite web</ref>The MBA program is a full-time graduate program that enrolls approximately 420 students each year.
The MSx program is intended for students who are mid-career managers (minimum 8 years of professional work experience). The Stanford MSx was previously called the Stanford Sloan Master's Program, because students in the program are known as Stanford Sloan Fellows. The Stanford MSx is one of the three Sloan Fellows programs, sharing a similar format with the others at the MIT Sloan School of Management and the London Business School. These programs were initially supported by Alfred P. Sloan, Chairman of General Motors from 1937 to 1956, who envisioned the Sloan Fellowship in his alma mater of MIT in 1931.
Academic partnerships
Stanford GSB offers 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.<ref>Template:Cite web</ref>
Stanford LEAD Professional Certificate
The Stanford LEAD Business Program (LEAD is an acronym for learn, engage, accelerate, and disrupt)<ref>Template:Cite web</ref> is a one-year online business program in the Graduate School of Business offering access to curricular materials and students specialize personal leadership. The teaching components are coordinated 100% online although there are periodic meet-ups hosted at Stanford each year through the me2we program.<ref>Template:Cite web</ref> The annual me2we conferences have grown to become quite large, and the program's 1,800 LEAD alumni can join remotely.<ref>Template:Cite web</ref>
Faculty and research
The school works at the forefront of global business research and teaching. There are six winners of the Nobel Memorial Prize in Economic Sciences on the faculty (William F. Sharpe 1990, Myron Scholes 1997, Michael Spence 2001, Paul Milgrom 2020, Robert B. Wilson 2020, Guido Imbens 2021), five recipients of the John Bates Clark Award, 19 members of the American Academy of Arts and Sciences, and four members of the National Academy of Sciences.<ref>Stanford GSB School profile gsb.stanford.edu</ref>
William F. Sharpe's research interests focus on macro-investment analysis, equilibrium in capital markets and the provision of income in retirement.<ref>Research statement of William F. Sharpe gsb.stanford.edu</ref> Myron Scholes' research has focused on understanding uncertainty and its effect on asset prices and the value of options, including flexibility options.<ref>Research statement of Myron Scholes gsb.stanford.edu</ref> Michael Spence's research interests focus on the study of economic growth and development, dynamic competition and the economics of information.<ref>Research statement of Michael Spence gsb.stanford.edu</ref>
Rankings
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In recent rankings, Stanford GSB was ranked 1st by Bloomberg Businessweek,<ref>Template:Cite news</ref> 1st by QS World University Rankings,<ref>Template:Cite web</ref> and 1st by U.S. News & World Report.<ref name="grad-schools.usnews.rankingsandreviews.com">Template:Cite web</ref> In the ranking aggregator Poets & Quants Stanford's MBA Program was ranked 1st in the U.S.<ref>Template:Cite web</ref> In the inaugural LinkedIn MBA rankings (2024), Stanford was ranked #1 globally.<ref>Template:Cite web</ref>
The Stanford Graduate School of Business is the most selective business school in the United States.<ref>Zlomek, Erin. (2013-04-18) India's IIM-A, the World's Toughest B-School to Get Into. Businessweek. Retrieved on 2013-08-12.</ref> 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 <7%) of any business school. For the Class of 2022 which entered in 2020, 8% of applicants were offered admission, and the average GMAT score of 733 and average GPA of 3.8<ref>Template:Cite web</ref> are the highest of any business school in the world.
The business school comprises the Knight Management Center, the Schwab Residential Center named after alumnus Charles R. Schwab, founder and chairman of the Charles Schwab Corporation, and Highland Hall.
Donations
In August 2006, the school announced what was then the largest gift ever to a business school—$105 million from Stanford alumnus Phil Knight, MBA '62, co-founder and chairman of Nike, Inc.<ref>Template:Cite web</ref> The gift went toward construction of a $375 million campus, called the Knight Management Center, for the business school. Construction was completed in 2011.
In 2011, alumnus Robert King and his wife Dorothy made a $150 million gift to the school—making history as the largest donation to Stanford GSB—to found the Institute for Innovation in Developing Economies (also known as Stanford Seed) to focus on poverty relief in emerging markets.<ref>Template:Cite web</ref> A portion of their gift is used as a matching incentive to encourage other donors to give to Seed.<ref>Template:Cite web</ref>
The gifts by King and Knight are marked as the second and third largest philanthropic pledges to a business school.<ref>Template:Cite web</ref>
Also in 2011, investor and economist Marko Dimitrijevic, a 1985 alumni of the Business School, established the Emerging Markets Innovation Fund, to support teaching, research, and other initiatives in the area of emerging and frontier markets.<ref>Template:Cite web</ref>
Alumni
There are 33,689 living alumni,<ref>Template:Cite web</ref> including 21,111 living MBA alumni. MBA alumni include 23 billionaires<ref>Template:Cite web</ref> and several heads of state.<ref>Template:Cite web</ref>
See also
References
External links
- Template:Official website
- Graduate School of Business, 1974–2003, collection of oral histories, Stanford Historical Society Oral History Program.
- Stanford LEAD website
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