Stanford Graduate School of Business

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Stanford Graduate School of Business, also known as Stanford Business School or Stanford GSB, is one of the professional schools of Stanford University, in Palo Alto, California, USA.

The Stanford GSB states its mission is "to create ideas that advance the practice of management and to develop innovative, principled, and insightful leaders who change the world". Stanford Business School is well regarded by recruiters for developing creative, entrepreneurial leaders with outstanding general management and analytical skills, who work well in teams. It is one of the few leading schools of business which only offers a general management degree, i.e., an MBA degree in specialty areas such as finance or marketing is not available. The school is, however, noted for its certificate programs in public management and global management. The school offers the Sloan Program, a one-year MS in Business for accomplished mid-career executives, and a Ph.D. program. The Stanford GSB also offers a number of dual degrees jointly with other schools at Stanford University including the schools of Education, Engineering, Law and Medicine.

The Stanford Graduate School of Business was founded in 1925. There are currently 749 MBA candidates and 109 PhD candidates enrolled at the GSB. It is one of the smallest of the elite business schools. Stanford Business School has a reputation as one of the most intellectual and research-focused of the major American business schools. It is noted for its strengths in general management theory, finance, strategy and non-profit management.

There are three Nobel Prize winners on the faculty. The GSB has 15 members of the American Academy of Arts and Sciences, and three members of the National Academy of Sciences. Stanford Business School 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 current Dean of the Business School is Robert Joss. The GSB operates with an annual budget of $110 million. Stanford Business School is the second wealthiest business school in the nation with an estimated endowment of over $750 million (including a recent $30 million gift from Robert Bass), and it is roughly tied for #1 with Harvard Business School in per capita endowment. There are 23,759 total alumni, including 15,485 alumni of the MBA program.

In an article on the rivalry between Harvard and Stanford's business schools, The New York Times commented in 2000 that "by reputation, Stanford has won a place alongside Harvard as one of the two best business schools in the country, a notch above Pennsylvania's Wharton School [and others]." It quoted Robert Joss as saying "we are each other's biggst competition, by far." It noted that Stanford was more selective, but that Harvard had better name recognition and more resources. The gist of the article, written at the height of the dot-com boom, was that Harvard might be in danger of becoming thought of as "an old school that teaches old tricks" because of being too far from Silicon Valley.^{[{{fullurl:}}#endnote_nyt]}.

1 Ranking
2 Admissions Statistics and Student Profile
3 Organizational relationships
4 Prominent alumni
5 See also
6 References
7 External links

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Ranking

Stanford Business Schools is widely regarded as one of the premier schools of business in the world. Historically, the school is almost always listed among the top five in the US. In fact, the school is typically listed as one of the top three schools (along with Harvard University's Business School and the University of Pennsylvania's Wharton School of Business. A large part of this ranking is attributable 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 venture capital and private equity firms, consultancies and emerging tech companies.

The school was ranked the 2nd best business school in the world in the U.S. News and World Report ranking of 2006, having spent most of the late 1990's and early 2000's at #1. The US News survey is viewed as the most transparent of the major surveys. It relies heavily on peers' assesments of a school's overall standing and research prowess, as well as admissions selectivity and compensation statistics.

BusinessWeek managzine, which publishes its rankings every two years, currently ranks Stanford fourth. BusinessWeeks' rankings, which show a high degree of volatilility due to its changing methodology, have ranked Stanford Business School as high as #4 and as low as the mid-teens.

In its biennial report "Beyond Grey Pinstripes", the World Resources Institut, 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.

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Admissions Statistics and Student Profile

The Stanford GSB has historically been the most selective business school in the country. The school has maintained the hightest ratio of "applicants to available seats" of any business school for the last decade. The GSB has also had the lowest acceptance rates (typically <10%) of any business school in the world. For the class which entered in 2005, approximately 8% of applicants were offered admission. The school's students typically have the highest average GMAT scores among all business schools, with a high proporation of students coming from business (18%) and science and engineering (35%) backgrounds. Stanford has consistently had the second highest yield (~80%) on offers of admission among the top business schools.

Stanford GSB has approximately 370 students per year in its full-time two-year MBA program. The school is relatively diverse compared to its peer institutions. The most recent entering class was approximately 32% female, 25% ethnic minorities and 35% international. Approximately 10% of the class entered the MBA program with other graduate or professional degrees.

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Organizational relationships

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.

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